Transcripts For FBC Mornings With Maria Bartiromo 20240712

Arrested the Chinese Foreign ministry saying that u. S. Sanctions on hong kong and chinese officials are violating International Law. Now sanctioning u. S. Lawmakers including senators ted cruz and marco rubio. Twitter nation a move for tic took wall street journal reporting for preliminary talks are held between social media giants, where this leaves microsoft, ahead. Turning to the futures, market it is this morning the s p 500 and nasdaq posting their second straight winning week. The dow was the big winner up 3. 8 attack a look at the markets last week. Moving on to the origins of the russia investigation senator Lindsey Graham revealing new documents to Maria Bartiromo that he says show the fbi misled the Senate Intelligence committee. The fallout, ahead. Unrest in america, chaos erupting in chicago looting reported across the city, after a Police Involved shooting. And another riot in portland. The unrest continues. Plus amazon warehouses could be coming to a mall near you. Mornings with maria is live right now. Dagen taking european markets they are up across the board this morning the dax index in gem just slightly to plus side asia overnight in china, the commuters price index rose and Consumer Price better than expected. Keep in mind these were numbers released by commune fist government there. The nikkei in japan closed for a holiday but gains in south korea and shanghai. The u. S. Marking a grim new milestone in coronavirus pandemic. Cheryl casone has more good morning. Good morning dagen u. S. Surpass had had 5 million covid19 cases over the weekend. More than 162,000 americans have now died from the virus. This is texas, with own records and rate topped 20 yesterday. That is up 8 from just eight days ago. Cases in texas topping 500,000 statewide. The American Academy of pediatrics reporting more than 97,000 in the United States have tested positive for coronavirus just during the last two weeks of july. That is the 40 jump. Trump is facing huddle when is it comes to relief plan and taking executive action over the weekend and executive orders provide 400 in Student Loan Relief through september 31st and renters and homeowners and a payroll tax holiday to end of the year. Move saturday by the president , though, followed weeks of failed stimulus negotiations in washington. Democrats call the president plan to bypass congress, quote, insufficient and unconstitutional. But speaking of Fox News Sunday nancy pelosi says shes open to restarting talks in washington. Well Hong Kong Police arrested media tycoon jimmy over collude requesting Foreign Forces. Business t this is a highest profile use yet of a new National Security law that china imposed on city back in june. Has been outspoken prodemocracy forget in hong kong who will criticized china. Well finally back here at home riots in portland, oregon. Protesters desendinged on Police Union Building settle on fire saturday. Demonstrators met with police and riot gear and then day yous overneeght in chicago clouds clash with police as looters reportedly ransack store across the city. Unrest began after a Police Involved shooting officers say a gunman opened fire during a chase. Police were returning fire and they hit that man. And those are your headlines from the newsroom back over to you. Thank you so much cheryl see you shortly. Future this is morning attack a look at the mentioned picture here in the u. S. Slight loss on the nasdaq 500 futuring and we watch a stimulus showdown President Trump signing executive orders over the weekend providing Coronavirus Relief as Congress Fails to strike a deal. But orders provide unemployment expansion of 400 dollars week. Eviction assistance, as well as deferring payroll taxes for businesses, and student loan payments through end of the year joinings now Research President ed, also joining the confers all morning long, pollster and partners president lee kater. Chair of the program in business and finance at the king college in manhattan fox news contradict tore professor brian, and ubs private welt advisor alley mckearney great to see all of you bright and early on not even bright but it is dark out. On a monday morning but ed to you first what the president did over the weekend in these executive olders, is it more political than it is financial . Does it make a difference . Well, i think this week will mac a difference. I think theres still a negotiating mode on the stimulus package. I think the president ask trying to put more pressure on the democrats to come to terms with his administration on another stimulus package. Look, the stock markets up 51 from its march 23rd low if you look at the s p 500. Were probably going to make a new high this week. Were just a few point away just a hair away from all time record high, which is really quite remarkable. Markets already factored in that more stimulus it coming even though it is not here yet. Yeah i think so one way or other whether it is by executive orders or by some deal thats work out with democrat and republicans more stimulus is coming. What about on the Federal Reserve side, monetary side. What more can the central bank do what is the market anticipating there . Well, you know fed made it clear ever since march 23rd thats what the announce what i call forever its and open ended program that theyre in now. They have slowed the pace at which theyre buying treasuries and another security. But if things start to get unsettled again, and we instead of making two steps forward one step back we go other way make two steps backwards, the fed is perfectly ready to provide more liquidity into the system. Brian brenburg jump in. Talk a little bit about what happened this fall if we actually get a Meaningful School reopening. You get parents going back to work. Youve got the back to school shop and youve got the Consumer Spending again. Is that into wall street forecast and what difference does that make . I think thats a big known unknown that were about to, you know, know a lot more about. Clearly, if go back to school and it turns out that the virus spreads through the schools and then comes back home, and were forced to cut back on opening up the schools, that would be a big setback. So its going to be a very important issue here i dont think markets really discounted whether it goes well or not at this point. I think its an open question. Dagen alley mccartney . Markets are pricing in a relatively process scenario to your point there. Maybe not a vaccine in three to six months maybe a vaccine in 6 to 9 but i think your point about whats happening in washington it is very important. What happens what do you think downside is this week and beyond if we dont get whats expected out of washington and now that weve already seen a week no incremental employment insurance . Well, my thinking is that theres plenty of evidence that the recovery has at least slowed down if not actually stalled. I watch, for example, all of the frequent indicators that we have one of my paiferts is gasoline usage thats flattened out for the past three weeks. But thats after a pretty good recovery. To your point if we get this appointments here on stimulus we get no stimulus or were just going to left with the president s executive orders, and a lot of issues about whether he has that kind of power. It could be a setback for the market. But whats really driven the market here is trending here a trillion there. We stl have the cares act. Theres still plenty of money that the cares act is provided the fed to leverage up into loans. So the fed is still there and thats really whats been driving market to i think what i think were going make new record high this week. Before we go, you mentioned we were talking about the vaccine and Goldman Sachs out with a new note saying that it expects at least one vaccine to be approved but the end of the year. Leading to higher gains for 2021. Is that also playing into the opt mechanism that were seeing in the market and thats absolutely. Yeah. I think the perception is that were not going to be living with this virus for years to come. But that there will be a vaccining. Look, as ive said a trillion here trillion there is what the fed and monetary fiscal policy have been providing and in addition to that spending billions on vaccines and theres what sew or so in the race, and few of them four of them that are in phase three. So i think it is reasonable to expect that were going to get a vaccine and that should confirm what the market has been discounting that that we will get through this. Great to see you this morning. Have a terrific week come back soon. Were just Getting Started this morning coming up the best way to cover up. Were looking at n95 and kn95 mask what you need to know about keeping them clean. And the pricing next hour former acting white house chief of staff mick mol vanny talking latest on stimulus and President Trump executive order it is then author gordon chang joins us to discuss jimmy lye in hong kong indiana congressman jim banks addresses executive orders and former atlanta fed president dennis talking about the latest on the economic recovery. Texas congressman Michael Burgess is up next to talk about rise in coronavirus cases in his state. Plus, i do virtually we look at the rise of weddings via zoom. Youre watching mornings with maria live on fox business. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. But what if you could stdo better than that . K. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. My grandma. My cousin. My greatgreat grandmother. She was all of 411 but very tenacious. A very independent woman. Driven, passionate. Embodied grit, perseverance. She marched. She wrote. She demanded. She was proud to pass on a legacy of civic mindedness to her descendants. Im very proud to carry on her story. All her story find their stories. Make them count. At ancestry. Dagen grim milestone coronavirus cases in the United States topping more than 5 million. The state of texas reporting a record hike in infections. And the number of children in the u. S. Becoming infected jumping 40 in late july. According to the American Academy of peed yacht treks the schools across country prepare to reopen. Joining us now texas congressman house energy and Commerce Committee member medical doctor Michael Burgess congressman, and doctor, good to see you this morning what do you make of the statistics . Of course texas is a big state and different in different parts of the state in my area more northern texas case have been declining over the past several weeks. But if you look at across the board just texas began to open up again early may. And didnt really see an increase in cases in the middle of june. Were not seeing all of the protest and keeking into gear. Heres the thing more testing could it be done absolutely could. You know tests that will tell you just that you need to get further testing not that you have an exact diagnosis of coronavirus, those types of testing can be vastly expanded because they dont meet certification or fda approval i think thats one of the area where we need to be focusing because with additional testing when we can get additional we can get additional control over this. Ultimately the vaccine is the way out. Dagen are you seeing enough people Wearing Masks where you are . Yeah. Its its ubiquitous nearly in fact, i have got that to go into a store and havent had a mask on and right around and gone back to pick up the mask. I dont wear when im in the car or by myself because that seems over the top but no as far as in stores, and out in public mask could become ubiquitous everyone wears them. I want to talk about the new covid19 aid bill that is in a stalemate in congress. This, of course, following president signing of related executive orders, further negotiations are still possible. Heres maria with senator with mccarthy not senator congressman, on sunday morning futures yesterday. Tack a listen to this. Sure. Why couldnt the democrats and republicans come together on the much needed stimulus . Well, its not something unusual. Remember every time weve done legislation when it comes to covid, nancy pelosi has always held it up for her own personal wish list now what President Trump did he really showed he was the one person in the room that put people before pleks. He said you know what, im going to continue to help those unemployment and if youre going to continue to play these games im going to take action and put America First instead of your own personal ambitions. Dagen congressman ill let lee carter jump in here because are executive orders really more of a political benefit than an check or Financial One given we dont know how theyre implemented but president looks like hes doing something while people in congress ringer that hands. Theres no question about it that this is a net positive for the president. I think that Many Americans are very, very frustrated that congress hangts made a move and worried about Congress Going into recess without an answer. That i think the president did very, very smart political thing and i think hes going get a lot of credit for this. The question i think a lot of americans have right now is what is Congress Going to do on the other side continue fighting or find a way to support this . Dagen you can answer that congressman. [laughter] smart answer would be well take the president s lead and continue to build on that. I do think that the president did give additional leverage toward getting a deal done. Remember, this has been tied up for months by nancy pelosi, and you know on to look at where the problem is, thats where the problem is. And very clearly, current speaker ab scribes to old never let a good crisis go to waste she saw a Good Opportunity in may to get everything weve wanted as lecial democrats lets put it all in one bill and put it out there and dare them not to vote on it thats what they did and shame of it is weve worked together on all of the other response bills up until that time. But this one was different. They overreached, and now they wont come back to the table i think the president and the jobs numbers are going to combine to force people back to the table. Congressman Michael Burgess thank you for being here this morning great to see you coming up who knew what and when senator Lindsey Graham revealing new documents to maria showing what he calls new crimes in getting fisa warrant to surveil carter paige. And coming to a mall near you. Amazon new plan for empty retail stores. Thats ahead. Stay with us. We made usaa insurance for veterans like liz and mike. When their growing family meant growing expenses, our agents helped make saving on insurance easy usaa. What youre made of, were made for. Usaa i am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Find your getupandgo. Find pants that arent sweats. Find your friends. Find your sense of wander. Find the world is new, again. At chevy wed like to take you there. Now during the chevy open road sales event, get up to 15 of msrp cash back on select 2020 models. Thats over fiftyseven hundred dollars cash back on this equinox. Its time to find new roads, again. Where you can find games, news and highlights. All in one place, right on your tv. The xfinity sports zone. Use your voice to search every stat and score. Follow the teams you love. And, even get notifications with breaking news alerts and more. With the xfinity sports zone everybody wins. Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. Breaking news on sunday morning futures senator Lindsey Graham telling maria yesterday newly declassified documents reveal what he calls new crimes committed by the fbi. And pursuit of fisa warrants on former Trump Campaign aid carter page. Listen to this. Tell us what these redacted documents tell us. Well, here they are. It took me forever to get them. I want to thank attorney barr for helping me retrieve them from the fbi but it was hearth found information in 2018 where the fbi was called to the Senate Intel Committee because people were getting suspicious about the sub source, russian guy that Intel Committee level and fbi was sent over to brief them, and this is the report they prepared before the briefing and they did to the Senate Intel Committee the fbi did what they did to the fisa court. They misled the hell out of them. They said that theres no evidence from the sub source to suggest that still fabricated anything in the dossier. Actually, the sub source said it was all bar talk here say, speculation, and conjecture and the whole Sexual Activity of the president was made unjust so they completely misrepresented to the Senate Intel Committee in 2018 what the sub source told the fbi and 2017, that is a new crime a different crime and im going to write a letter to christopher rage, and ask him who gave the briefing to the Senate Intel Committee and 2018 and how could they be telling the Senate Intel Committee in 2018 a bunch of lies with when they knew better . Lee, how does this all play out and who pays . Well, i think that the bottom line is this, i think that theres a lot of folks on the right who are very, very upset and up in arms about this and then most americans it is just going rights over their heads and not because theyre not paying attention and not because it doesnt matter. It is because the republicans and lindsay grandmother and others who are involved in this arent making it easy for us to understand what the real issue is here when i talk to a lot of votes about this and i have over time it might not have been right way to go about it and what they found is wrong and bottom lean is this ever Lindsey Graham talking about they need to make it easy to understand what real problem is and thats not happening so i think for the most part this isnt a beg issue in mind of voters as they go to vote in november. But brian it should be shouldnt it . Again it was a phony dossier that was paid for by the Clinton Campaign. Hillary Clinton Campaign that was then used funneled through the fbi and used to spy on her opponent. How is that not, how is that not a breathtaking political scandal . Well its a shame that its not a bigger story and part of the reason is because the fbi has made it pin credibly difficult to investigate whats geng on. I mean, it has taken us this long to figure out that in 2018 the fbi misled the Senate Intelligence committee on the sub sources view of the steal dossier. I know all of that is complicated but fact is theres bad behavior here. The question is who from the fbi briefed the intelligence committee. They lied and the American People ought to know that because this is, you know, this is their government. Question rely on the fbi to do real work to keep us safe. And the fact is, theres a political agenda there that the investigators in the senate cant even get information on when its timely and it is no surprise the American People dont get it because fbi apparently is trying to make sure they dont get it. What if republicans lose the senate in november . Then what happens . I mean who, you know who is going to pursue this it is clear that the other Party Democrats do not want to pursue this, and we just lost the opportunity to root out some incredibly bad behavior at the highest level of government. There are big Unanswered Questions with big name people. We need the answers to these things. It is moving way too slow. Parking lots interview with Lindsey Graham was great but moving way too sleen lee is right thats why it has not gotten thetrack it should have. Thank you both. Coming up joe biden veep speculation whos on short ligs and why it is so important to voters. And fancy coverup, price tag of this mask making a buzz this morning. Welcome back im Dagen Mcdowell in for Maria Bartiromo monday august 10 9 lets take a look at where your markets are at 6 30 a. M. Eastern. We have futures that are mixed this morning well we have 106 point gain on dow futures after s p and nasdaq pointed second straight week of gains dow saying largest gain up 3. 8 last week. Checking Global Market european up across the board in asia nikkei closed and shanghai, both to the plus side. In china Consumer Prices rose 2. 7 july, wholesale prices falling better than expected. These number are released by commune fist government keep in mind. For that and lets go to Cheryl Casone shes watching a setback for east man kodak with a high profile loan agreement. Cheryl has those details. Cheryl thats right dagen this story is really developed over weekend in particular the u. S. International Development Finance Corporation Plan to loan 765 million to eastern kodak to produce drug imreents at its factories now they say there are, quote, serious concerns about this. The deal come under congressional regulatory scrutiny the Exchange Commission is investigating how kodak controlled disclosure of the loans word on the deal merge on july 27th stock price rose 25 on the news. There is east man premarket down 43 . Well, goodbye sears j. C. Penney hello amazon, amazon reportedly in talks with the assignment Property Group to transform vacant retailers in the amazon Public Centers at local malls across the country. Both retailers have filed for chapter 11 bankruptcy protection and theyve both closed several of their locations. According to simon most recent public filing group has 63 pennys and theyve got 11 sears stores under their umbrella theres amazon fractionally down by the Property Group by the way up four and a half percent. Some incredible video to show you a woman just inches from getting hit by debris from a Lightning Strike the close call caught on camera in louisiana. Unbelievable she narrowly as you can sees keeps any serious injury but pretty darn frightened heres a look at whats trending on fox business. Com, Investment Firm interested in joining microsoft bid by ticktock twitter also shown video in buying video sharing app. Disney world going to start scaling back its hours in sepght and midlower than attendance due to the pandemic. Year over year medium home also increased 20 average selling price now 860,000 not in the city lake tahoe. The way for the white house heating up joe biden leading President Trump in both pennsylvania and wisconsin by 6 points in each state according to a new cbs news Battleground Tracker poll. Voters in these states have changed their minds before and the outcome is anything but certain. For one biden upcoming Vice President ial pick has the potential to move things as nearly half of his voters say it is important to them. Joinings now democratic strategist and rebel communications ceo, laura. Laura but in a lot of these polls i will point out that that joe biden, Vice President s lead has been narrowing. Overall in the real clear politics average of all polls but also in key balings ground states leak florida. Also a tightening in pennsylvania, and wisconsin. What do you make of that . I think if youre holding ton waiverring of a National Poll average when youre down 6 points of points youre down six points you should be worried about it thats a significant National Poll margin that looks like if election were held tomorrow and those numbers held up, it would be a landslide so donald trump significantly in the hole in both Battle Ground states and national at the National Level so hes he needs to be make corrections thats really about his performance. His failure to contain coronavirus the 30 million american it is that are receiving aid right now that 16 million that are 100 out of work. Those are the people that he needs to talk to. All of the impact of the 5 million that have been diagnosed with coronavirus. This is a refer dumb on his performance and right now the voters are saying no. If youre going talk about aid lapsing how is that also not the responsible of congress which is run by the democrats nancy pelosi, and her well, the house is run by nancy pelosi and her ilk and did get democrats debt a bill to Mitch Mcconnell but right now trump isnt involved in the conversation youve got mnuchin down on the hell look with mark meadows theyve come to negotiations have come to a grinding halt and frankly, nancy pelosi and democrats are in the seat because republicans are divided. Republicans need democrats to support the bill in the senate where it has stalled. And the fact is that they cant get their things together and king the art the deal is nowhere to be found. You know when youre signing executive orders, that are really fairytales out of your golf course that is not what American People need and, in fact, he will be measured not on his press conferences leak that, but instead on whether or not those paycheck landed american mailboxes in the coming weeks. Dagen well administration wants to extend republicans proposed renewing the federal benefit at 400 a week and the democrats said no go. They were not willing to separate that large three of that trillion dollar bill that they passed in late may, and so you can point fingers all you want. But those benefits disappeared and the democrats have to accept at least some of the responsibility. And President Trump at least in deferring payroll tax thats within his purview this was that payroll on tax deferment was actually used earlier this year. Used the authority to postpone a series of the spring tax lines so we can go back and forth on that but again if the democrats think that this is all the republicans responsibility, they might have another thing coming lee karster how do you see it . Well the way i see is is this i think if president understands symbolic gesture and owning conversation and having everyone react to him. And i think in this moment, thats a power of what he just did with executive order i think now everybody sells on heals having to react to what president did. Democrats are going to have to answer why theyre in connectiog and dont want to the increase or dont want to do the 400 in spend and dont want to do payroll tax you have to answer the question. And ting that president understands importance of this and i also think that it is really important as of as we can talk about pollings as run aways who are biden i cant look at it in the same way because if you look at the numbers with Hillary Clinton was just at the same time in 2016 you see a very, very similar and, in fact, many states is better than biden is in florida ahead by nine and find today only ahead by four. So with ahead by five and in wisconsin so ahead in pennsylvania and ahead in arizona so i think that you really need to be very careful what about were looking at polls because when you look at other polls whether you look at other things that are out there with number of people who are still you want to talk the silent majority. I do think that is important that people still see that a third of american are afraid to show real opinion for backlash and 50 of democrats say you should fire individuals who support the president. A third of republicans are saying to fire people who support democrats. There are divided in thats simply not the reality found in reality. The challenge is numbers are real because of the pandemic and because the economic crisis and listen, you know, the other big thing in that bell that we didnt talk about was state aid. You know, i was saying that selectively members are not but all numbers are not real . Hundreds of cars that line up for hours and one of the families that was in line was a woman from a red part of my county from the city of santee she was a librarian and husband was a probation officer has been laid office and they were reliant not only on the federal aid but also on those boxes of food they were in line to get. You know, this is a crisis that is impacting American Families across the board. And that is not welfare i talk about that i talk about going to need that check in the mail. That is when you have this unemployment the bully pulpit of the president you need to leave and seen failures of leadership and everybody seems to be loud these days with respect to their views. So you think you can put that in the bank. Dagen every thursday when unemployment jobless benefits numbers come out weve been more than we understand what people are going through. But ill point out that l 0 billion dollars is still lefting over in the money that was allocated in the cares act to state and local government so that 80 billion dollars hasnt even been spent yet, and lee i want to give you, i want to give lee a chance to respond because lee is in the business of taking polls. And so when you start, lee, dismissing oh well thats you know that poll doesnt matter. But the poll that benefits your candidate does. Please speak to that. Liability of the numbers lee karster. Yeah. What i heard you just say is you cant listen to numbers that thats not true. The truth is that people have a perception whether or not thats real. Whether or not democrats are, thats what people believe many this moments thats according to katoa and interesting poll that i think we need to take seriously. The people of this country are feeling divided and real opinions and im not saying that joe biden is not ahead in the polls but im simply saying we cant relies on those numberses and same as as we would before as i absolutely dont topght take away from pain of the American People pain of the American People is very real right now. And i think those stores are heartbreaking and i do believe and you are absolutely right that the American People are demanding that something gets done it is going to be better than whats happening today theres a huge number of people who dont appreciate what the president has done but theres 78 of republicans who say that the president has done a good job soening that we have to really be careful about how why pressures on what state of this country is and where were going and i do believe because of peoples uncertainty about joe biden a lot of people are saying i dont know exactly what hes going to do but i dont know what his plans are i dont know what that means for the economy but heres why president could be more important than usual. Thank you, lee. Thank you laura thanks for coming on. Coming up, big win for golfer colin moore this weekend pga tournament what happened to the trophy is making a buzz this morning. Youre watching mornings with maria live on fox business. Hitting the road rv popular popularity exploding airstream, saying record sales joining us now airstream president ceo bob weller. Bob how much are sales up, say from a year ago . Well, weve had this stunning kind of whiplash affect six week was shutdown because of stay at home orders but when we came back, month of may turned out to be the best retail month in the companys history. We beat year over year numbers by 49 . And then we went on to beat that in june beating year over year number by 110 so remarkable recovery things look rosy for this industry and stream moving forward. I think we have airstream fan on the program this morning Brian Brenberg you know it. And the spiring airstream owner bob, great to see you. I spent the week at a state park in minnesota this week, and it was shocking to me and actually really wonderful to see so many people out. You know so many rvs so many campers, saw a lot of airstreams theres clearly a surge here. This looks like the kind of thing that can be a hook for a generation to rediscover you know vacationing in the airstream vacations in rv but how do you sustain this because it could be a blip as well and you have an opportunity here to lock people in if what is airstream doing to make this a Generational Movement and not just a temporary adaptation . Brian thats a great question you get the nail on the head for what our strategic look is moving forward. All of these people are coming to lifestyle because theyve been forced there by the pandemic. We dont pretend anything different but create a great experience for them to fall in the lifestyle and stay. If we do this right were building our business for next 20 years we can have all of these new byes because they dont have other choices lets get them to fall in love with it and be repeat customers forever so giving new customers support making sure they feel comfortable. They know where to gothon where to have a good time and connect with airstream community a great source of support. It is really getting them integrated with brand to make it sticky. Dagen alley get in here. First of all i think your products are beautiful and i think, you know, your story to the point made it to interesting because we keep on talking about when we were returned to normal. When the world normalizes, but i think airstream is a great example of on one side this airline is on other, you know, there are some things that never return to normal. So you know, how do you think about about that in terms of your product . Youre absolutely right we think this shift this reconnection with travel domestically and travel to outdoor spaces here thats here for a long team and i think people started to move away from this lifestyle somewhat it is a lot of options but forced back into the situation to about this, you know, social distancing, and being away from other families traveling with your own environment controlling your own environment some of that is going to stick around for some time and even when that starts to tapper off if people have fallen in love with able to control your own schedule travel where you want and and tbrork road a huge trend now in our product of people that theyve been given work from home opportunities, they are realizing i can tbrork anywhere. So if we can get some of these things to stick in the way that lifestyle is sustainable this will go on for who knows how long and for the airstream and whole industry. Bob ive been saying for 30 years before you go overseas make sure to see this great land of ours because theres nothing more breathtaking than being able to drive across this country and see the sites meet the people. Bob wealer, thank you. Coming up the best way to coverup were looking at n95 and kn95 mask and what you need to keep them clean and functioning and price tag on this face covering. Makes a buzz this morning were back after the break. I like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Weve always put safety first. And we always will. For people. For the future. And there has never been a summer when its mattered more. Wherever you go, summer safely. Get 0 apr financing for up to five years on select models and exclusive lease offers. Puts its customers a wiin charge . Rier well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with xfinity mobile. Call, click or visit a store today. Dagen time for the morning buzz first up 23yearold colin shocking the golf world winning pga championship after one stunning final round. Wow. That putt putting him in lead for good but it is ceremony thats going viral. [applause] oh, boy. So the lid fell off the cup as he lifted it up thankfully it was not broken and by the way, brian, in the prompter they had jug instead of cup. [laughter] maybe that was for my southern benefit. I dont know. But what did you make of the tournament . Well i tell you what i love any time i see a proathlete do something that i would do. It feels good. I would definitely drop a trophy if i ever earned one but the way he play yesterday was amazing i didnt see the pud you showed there. But he had that drives on 16 i think it was a happy gilmore like drive, and it was funny because he said i wish i would have known the crowd was there and had to figure it out on his own great performance amazing to see such a young guy win at that level. Would appreciate your happy gilmore reference because that was her Favorite Movie of all team this stylist mask and making a Golden Diamond mask for one and a half Million Dollars. Lee a necessity mother of invention, and then some. I mean are you kidding me . A mask one and a half Million Dollars does it even work. Thats my big question [laughter] i love seeing all of the products that are coming out all enno vaition people have out there to take money in this moment but this alley what do you think . Im not sure it really matters all that much if it workings. But i do appreciate the assignment. I come by i love the bling. Love commerciality and the point is this is apartment of our life for a while so you know, although it may be the end degree, this is here to stay, and so there will be some fashion to it. You know what if you have money for that mask you have enough money to have a team of people carry you around in your own personal bubble so you dont need the mask for protection. [laughter] dagen still ahead word on wall street find out what top Financial Experts are say about the economy. Where you should be putting your money right now. Dagen good morning. Im Dagen Mcdowell, in for Maria Bartiromo. Its monday, august 10th. Your top stories, 7 00 a. M. Eastern. Stimulus showdown, President Trump taking executive action providing aid for unemployment, for renters, for student loan borrowers. Questions remain about who is paying for it all and could there still be a deal worked out between congress and the white house. Coronavirus cases topping 5 million in the United States, this many areas are seeing the number of new cases trending down. There is an alarming rise of cases in children, just as schools start to reopen. What you need to know about using, taking care of and replacing those masks. Breaking overnight, hong kong business man, activist ji jimmy leigjimmy laiarrested. Saying sanctions are violating International Law, sanctioning u. S. Lawmakers including senators ted cruz and marco rubio. Twitter making a move for tiktok. Preliminary talks are being held between the social media giants. Where this leaves microsoft, ahead. Turning to the futures this morning, we have gains across the board in the futures, the s p and nasdaq coming off their second straight week of gains. The dow was the big winner last week, gaining 3. 8 . The origins of the russia investigation, senator Lindsey Graham revealing new documents to Maria Bartiromo that he says show the fbi misled the Senate Intelligence committee. The fallout, ahead. Unrest in america, chaos erupting in chicago, looting reported across the city after a policeinvolved shooting. Another riot in portland. Plus, amazon warehouses could be coming to a mall near you. Mornings with maria is live right now. Checking Global Markets, looking at europe, we have gains across the board there in england, france and germany. In asia overnight, mixed markets, gains in south korea and shanghai. The nikkei closed for the day. In china, Consumer Prices rose 2. 7 in july, Producer Prices fell 2. 4 . Keep in mind, these numbers are released by the communist government there. Joining the conversation all morning long, lee carter, Brian Brenberg and Allie Mccartney, cant wait to hear what all of you have to say. First, lets get to our top stories, the u. S. Marking a grim milestone in the coronavirus pandemic. Cheryl casone has more. Cheryl good morning again. The United States has surpassed 5 million covid19 cases over the weekend, more than 162,000 americans have now died from this virus. Texas set its on new records as new infections in some parts of the country are indeed trending down. The lone star states Positivity Rate topped 20 yesterday. That is up 8 from just eight days ago. Cases in texas topping 500,000. And the American Academy of pediatrics is reporting more than 97,000 children in the u. S. Tested positive for coronavirus during the last two weeks of july. That is a jump of 40 . Well, democrats taking on President Trumps Coronavirus Relief plans, calling his actions, quote, insufficient and unconstitutional. The president s eos signed over the weekend provide 400 a week in supplemental unemployment payments, Student Loan Relief throughout december 31st, eviction protections from renters and homeowners and payroll tax holiday through the end of the year. The move follows weeks of failed stimulus negotiations in washington. Treasury secretary Steven Mnuchin defended the president s actions. House Speaker Nancy Pelosi aired grievances, on Fox News Sunday she said she is open to restarting talks. Hong kong Police Arrested media tycoon jimmy lai overnight under suspicion of colluding with Foreign Forces, the highest use of a National Security law that china imposed on the city in june. Lai has been an outspoking prodemocracy figure in hong kong, regularly criticized china. Riots in portland declared on night 74 of those protests in the city. Protesters descended on the Police Union Building that was set on fire saturday, demonstrators were met with police and they were in their riot gear. There was chaos overnight in chicago, crowds clashed with police as looters reportedly ransacked Stores Across the city, all of this followed a policeinvolved shooting over the weekend. Officers say a gunman opened fire during a chase, Police Returned Fire and they hit the man. And those are your headlines, dagen. Dabbing to you. Dagendagen, dabbing back to youn wall street, joining us now, dave nelson and mark mattson. Futures are up slightly mixed this morning and we turn to the stimulus showdown. President trump signing executive orders over the weekend, providing Coronavirus Relief as congress failed to strike an aid deal. The orders provide unemployment expansion of 400 a week, eviction assistance, they defer payroll taxes and student loan payments through the end of the year. Mark, what do you make of this . How does this impact markets . Well, i think it might calm markets and help people be a little more optimistic. But in reality, we need to be looking for longterm solutions, not shortterm bandaids and in this case, you have unintended consequences. You have people that are going to maybe not pay their mortgages, not go back to work. These are incentives matter so its critical to get the only thing thats going to fix this thing longterm thats going to help the economy is getting people back to work. Im not a doctor but i know about the economy. Youve got to get kids back to school. So many parents cant go back to work. And until we really get past this coronavirus and move on, its a serious disease, but until we move past it, this thing is not going to go anywhere. Dagen were going to talk about vaccines coming up. Lets talk about tiktok, vying for tiktok. Twitter entering the race to acquire the video sharing app. Microsoft has been in talks with bytedance to buy the platforms u. S. Operations for several weeks. Twitter eyeing help from Investment Firms like Silicon Valley giant sequoia capital. What are you watching . Im not sure where the valuation is going to come out on this. If i had a better horse in the racy would say microsoft. Theyve got the pockets for this, 136 billion in cash, a 1. 6 trillion market cap. Its not surprising that twitter if they want to get involved, theyre going to have to partner up with somebody and sequoia is a natural fit, they already have a 10 stake in the parent company, bytedance. But for my money, twitter has not had a great reputation of monetizing assets and they dont have a formidable video platform. Microsoft has been in social media before. They had a 27 billion acquisition of linkedin and early investment in facebook. My money is on them. Dagen finally, the race for a vaccine, Goldman Sachs releasing a new note to start the week, saying it expects at least one vaccine to be approved by the end of of the year leading to higher gains for 2021. Katherine, is this already factored into the market . Because literally everyone i talk to, whether its in, like, business, in finance, in medicine, theyre all this is all the expectation and its not just one vaccine, its possibly two or more. Yes, i think a vaccine is priced into the market but fundamentally it would give a leg up, sustainable leg up to the consumption question, consumption is of course the main driver of the u. S. Economy. What i think portfolios need to start incorporating into their strategy is the up flag the infy impact of fiscal stimuli of which were still talking despite the anticipation of a virus. Were talking about additional fiscal stimulus package of 1 to 3 trillion. Theres an inflationary component here. I think portfolios need to consider. One more point, dagen, 30 , this fridays bureau of economic analysis, the share of income derived from government benefits jumped 30 since the month of april. In the month of june, we had 865 billion in deficit. That compares to 1 trillion in the year of 2019. So were already making Lehman Brothers debacle look like childs play in terms of fiscal and monetary stimuli, yet were talking of more, despite the anticipation of the vaccine and a vshaped recovery. That leads to inflation. That is something that portfolios are not considering in this moment in time. Dagen where would you allocate your money as an inflation hedge, if you will . Sure. So ive been of course talking about gold for months. Its done well. So there are other guys now considering this inflationary impact, no one is really talking about it. Portfolios are starting to look at this question, dagen. But if we do get inflation, the fed, even though its expanded its mandate beyond its twofold legally mandated mandate which is both of course 2 inflation and full employment, if we do get inflation of over the course of the next 12 to 18, 24 months, who can predict it, the fed should hike rates. If you hike rates, then you get that premium between equities and treasuries dissipate, causing a fall in equity markets. My point is, cash is not a bad option. If you have seen a rally of 45 in your equities from march 23rd, realized some profits, build up cash position, start to invest in uncorrelated assets such as private equity, right, and do buy gold. Because i think gold, dagen, can hit 3,000, maybe even more under my scenario. Dagen katherine, thank you for that. Katherine vara, thank you one and all. Coming up, the best way to cover up, were looking at n95 and kn95 masks. Next hour, congressman jim banks weighs in on President Trumps executive orders and then former atlanta fed president Dennis Lockhart discusses the latest on the economic recovery. And getting back to class, as states debate reopening schools we look at backtoschool spending. First up, Mick Mulvaney talks the latest on stimulus, President Trumps executive orders, thats next. Plus i do, virtually. 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Joining me now, former white house chief of staff, former director of the office of management and budget, Mick Mulvaney. Great to see you. Your thoughts on these executive orders and to what extent they could actually be implemented, particularly the payroll tax holiday and the extra 400 in Unemployment Benefits. Yeah, dagen, good morning. Thanks for having me. Looking at them over the weekend it was nay fascinating to see hw they structured them. It looks like money is coming from money that approac approprn the cares act. Its a powerful piece of legislation that when Congress Passed many years ago gave every administration a great deal of authority and great deal of discretion. Thats where the moneys coming for example under the executive order for the extensions to the Unemployment Benefits. The cares act back in the springtime appropriated roughly 150 billion in that area to dhs, less than half of it, less than half has already been spent. What it looks like the president s trying to do is go in there and say okay, ill redirect the money that congress has appropriated. Looks like it could be fairly well backed up legally. I havent had the chance to do the cross references and so forth. Its something the Budget Office used to work on all the time. My guess is theyve done their homework and could make most of it stick. Dagen you have to have democratic governors get onboard because the 400 weekly payment which would replace the 600 in Unemployment Benefits, 25 has to be funded by the states, even if the money is there left over from the cares act, of course Governor Cuomo rejected the plan as just an impossibility. He said that over the weekend. So its to what extent that governors step up and states step up to make these benefits happen, but then also on the payroll tax side, whether the companies out there across the land deduct that money or basically let that payroll tax holiday go into effect for the workers so they get the benefit. Sure. Well deal with the first one first which is the governors. I saw what Governor Cuomo said. I guess thats fine. Hes governor of his state. He has the right not to participate in this program. I think it would be very difficult for him to continue that, if he turns out to be wrong and you go to a state like South Carolina where i am and the governors a republican, decides to work with the federal government to get that extra supplement. And if it starts working in those states it will be difficult for the blue state governors to stay on the sidelines and face it, lets be candid with each other, theres certainly an amount of politics here that even surprises me and i thought i was one of the least naive people in washington, d. C. To not have any legislation before this august vacation started really surprised even me. I didnt realize that mrs. Pelosi and mr. Schumer were that dug in on refusing to negotiate. My gut is the president tried to meet in the middle and that the democrat leadership in the house and senate refused to compromise. That surprised even me. The politics is still there. I dont think the governors can hold out if other states are making it work. Dagen ill get to the business question in a minute. Why didnt the senate, the senate republicans, Mitch Mcconnell, take up that 3 andahalf trillion dollar bill that was passed by nancy pelosi in the house in late may. Why didnt the negotiations on getting something done, another stimulus done start . Why wasnt that happening all of june and all of july . Well, keep in mind, i think the way washington has worked over the last couple years, ive been there about 10 years, i guess, is that a lot of negotiation goes into legislation before the legislating starts. You sort of want to know where youre going before you start the legislation. And thats exactly what happened here. The house passed something. Listen, we used to do it when i was in the house, the republicans were in control of the house and barack obama was president. We would send messaging documents, messaging sledge layingmessaging legislationall o chance of becoming law and thats what the democrats did on the 3 trillion number. Thats outrageous, unnecessary and they knew it. Though were votes they took in order to satisfy their primary voters in the spring. Fine. We used to do the same thing. That doesnt mean that there werent discussions going on, much earlier, before the summertime over what might come next. Yes, you heard much mcconnell say in the springtime, lets slow things down and take a look. I think that continues to be the right attitude because, again, more than half of the cares money hasnt flown out yet. The money we talked about to dhs is just one example of several of much of the money from the spring legislation hasnt left the government coffers yet. Slow was probably a good strategy going into it. I was surprised there wasnt more compromise by the democrats at the end. Dagen everybody in washington including the republicans knew the 600 extra per week was going to expire at the end of july. We dont have time to get into the debate about how many people just chose not to go back to work even if they were recalled because they were making more money at home on unemployment than in their jobs. Nevertheless, it hurt Many Americans who are relying on the extra money. From this day forward remarks do you think happens in terms of some sort of stimulus compromise, do you think that that does happen and kind of trumps, no pun intended, the executive orders from over the weekend . Yeah, dagen, very quickly on the 600, keep in mind one of the things the republicans, the white house offered was a shortterm extension to get us through august and the democrats wouldnt talk about that again, i try not to be naive. That surprised me. Those are usually the types of deals that washington gets done especially in august. Going forward, whats the prospect for another stimulus . I dont know. I think it depends on how much of the what happened on saturday sinks in. If the unemployment supplement works, if the money for the rental assistance or the rental protection works, if the student loan forgiveness works, you really it obviates another bill in the fall. So it should be very interesting to see where the political blame lies. When the republicans were in charge of the house, and major legislation didnt get passed even though a democrat was in the white house, the republicans in the house got blamed. Now it seems like the republicans are in charge of the white house and they seem to be getting blamed for this even though the democrats control the house. I think the media spin on this will have a lot to do with whether or not something gets done in the springtime. Dagen mick, great to see you. Thank you so much. We didnt even get into debt discussions because, again, that doesnt seem to matter to a whole lot of folks these days but it will eventually. So mick, please come back. There will be plenty of need for it, thats for sure. Dagen coming up, jimmy lai under arrest again, this time is different. We explain, next. Dont just think about where youre headed this summer. Think about how youll get there. 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Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Dagen breaking overnight, hong kong businessman and activist jimmy lai arrested under suspicion of colluding with Foreign Forces this is the first time hes been arrested since the new National Security law went into effect. The entrepreneur and apple daily founder appearing many times on this program. Back in may, Maria Bartiromo discussed lais ongoing fight with authorities. Heres what he said. Maria can you first tell us how are you doing . There are reports that they want to arrest you. Tell us about your own safety and whats happening on the ground in hong kong. People have two choices. Either to emigrate or stay and fight. Im going to stay and fight. Its becoming very dangerous. Dagen joining me now, author gordon chang. Gordon, put this in perspective. This is important because as you pointed out, jimmy lai has been arrested so many times before. Hes been arrested under the colonial era sedition acts, hes been arrested for fraud, a trumped up charge. This is the first time hes been arrested under the National Security law and he can face a life sentence. Now, what china tried to do was it arrested not only jimmy but his sons and other executives of apple daily which is the primary prodemocracy paper in hong kong. It tried to decapitate the pay teapaperso it cant survive. I think what theyre trying to do is end all lib effort. Where theyre doing liberty and where theyre doing that is get rid of the media. Dagen did we all see this coming at least outside of communist china where theres free press, say in the United States. Thats an important question you ask, dagen and the answer is yes, jimmy knew this was coming. It was only a question of when. It came i think a little sooner than most people expected. But this is what people knew beijing would do. Dagen why is this happening now, that is always the central question. What is china doing, why now . Why did it come sooner than expected as you said . Well, because last week the United States sanctioned carrie lam, the chief executive of hong kong and 10 others, they did that pursuant to President Trumps july 14th executive order. This was a quick retaliation. But in the larger scheme of things, hong kong has been an endangered society for a long time. Beijing felt it could no longer allow any sort of prodemocracy force in the territory. The larger reason is they were going at some point to do this. The why now is because of the sanctions last week. Dagen the Chinese Foreign ministry also saying u. S. Sanctions on hong kong and chinese officials are violating International Law. Now in return, sanctioning u. S. Lawmakers including senators ted cruz, marco rubio and tom cotton. Again, how hot does this get . Because this is clearly a back and forth titfortat. Im sure that those senators are going to wear those sanctions with pride, as they wore the sanctions over sinjong with pride. The important this is beijing did not sanction any Trump Administration officials. I think china is trying to sort of do the minimum and one of the interesting things is despite all the tension weve seen between the United States and china recently, beijing has not done very much. There have been a lot of hot words but thats really been the extent of things. So right now there are a lot of people who are happy that they were sanctioned. Its going to help them and beijing realizes i think that it doesnt have very many cards to play. Dagen gordon, great to see you. Thank you so much. Gordon chang. Well see you soon. Coming up, North Carolina shaken by the strongest earthquake in more than a century. Yes, 2020 of course is a hurricane and later in the week an earthquake. Plus, brawl on the field, a major scuffle at the as and astros game. What set it off, ahead. Apps are used everywhere. Except work. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Cheryl welcome back. Im Cheryl Casone, here are some of the headlines were watching this morning. The United States Geological Survey is warning people in North Carolina to be ready for more earthquakes after a strong quake rattled the state yesterday morning. The 5. 1 quake buckled roads and damaged buildings, this is the strongest earthquake to hit North Carolina in more than 100 years. It was also felt in virginia and tennessee. Experts are warning the quake could be part of a sequence, and aftershocks are likely throughout the week. Well, the Technology Battle between the United States and china is intensifying, qualcomm is asking the Trump Administration to roll back restrictions on huawei, this is according to the wall street journal. The American Company is lobbying to sell 5g chips to the Chinese Telecom giant. Qualcomm is warning it could lose billions because of these export limits. U. S. Officials argued restrictions on huawei are necessary due to National Security risks. Theres qualcomm in the premarket, up pushing half a percent right now. Finally, cant pay the bills, nearly 80 of u. S. Credit card holders say theyre worried theyre not going to be able to make mon minimu make minimum. One in four millennial said they have taken on more debt during the pandemic. The average u. S. Household has 5 5,700 in credit card debt. Those are your headlines. Back to you. Dagen getting kids back in class. Schools reopening, causing controversy around the country but backtoschool shopping not so controversial. Parents are expected to spend more than 1,000, 200 more than last year, according to the International Council of shopping centers. Joining us now, the ceo of the International Council of shopping centers, tom mcgee. Tom, how is it possible with so many people out of work because of the pandemic shutdown that folks are spending more this year than last . First of all, good morning, dagen. Thanks for having me on. I think a lot of this has to do with the unconventional nature of this years school year. Youre going to see parents spend a lot more on things Like Electronics and furniture as they adopt to new schooling methods. Obviously, a lot of kids are going to be schooling from home or in some type of hybrid method and that puts increased premium on electronics and having the infrastructure, the furniture and so forth to conduct schooling. Thats whats driving the increase. Despite i think youre right, a great level of Economic Uncertainty on the part of consumers right now. Dagen Allie Mccartney . Allie yes. So what happens if people go back to school and then dont end up staying there . Do you think that the amount has to increase . Do you think it comes from the school . What happens . Well, you know, its a good question, allie. I think there is a lot of i think a lot of uncertainty in the minds of consumers right now and i think that the amount that they spend is still somewhat dependent. 65 of folks have not yet done their backtoschool shopping so i think a lot of this is dependent as they get instructions from the School District in regards to what type of method of schooling will be adopted this fall. But i think generally speaking if you, as a parent, people are going to lean into their kids education and i think generally speaking that focus upon electronics is going to be front and center. I mean, theres no doubt that whether were at some type of hybrid method or using home schooling as the primary method that the focus upon le electrons and need for technology is going to be front and center. Dagen Brian Brenberg, youve got kids, how are you preparing . Jump in. Brian i want to ask tom about this. Because it seems to me that parents arent buying things that they think theyre going to need six months from now. Theyre buying things they think theyre going to need next week. Thats what its been like for us. Which means you might not have as big of a shopping season on the front end but it might extend longer many what kind of dynamic does that create for cree tailors . Create for retailers . I think thats a very good point. I think thats relevant for backtoschool and i think relevant for retail in general. I mean, people are having a difficult time planning for the future, just because of the uncertainty around it and its a little bit more just in time type of environment. I think that plays to some of the broader trends that are happening in retail in general. Whether its the convergence of online, physical, su curbside pickup, people are doing things in a just in time fashion and backtoschool is consistent with that. I think there is just a great deal of uncertainty in the minds of consumers now. If you look at all of our surveys, not just the backtoschool survey, we survey consumers every two weeks and certainly over the last number of surveys that weve performed, that level of uncertainty about the future, about the state of the recovery, that anxiety about that has increased tremendously. Thats why i know you talked today about Government Action and the relief bill. I think that thats front and really important that the government do act and have some type of Recovery Program in place including the continuation of the Payroll Protection Program or payroll protection plus, like the restart act or the Small Business comeback act thats so important. Dagen one trend you didnt mention is the slew of retail bankruptcies that weve seen during this pandemic. If you go through the list, niemann marcus, one major one of the majors that has filed for bankruptcy, more recently lord and taylor. Do you see this stopping . You know, i think that those retailers that went into the pandemic struggling certainly theres been an acceleration of those challenges. So i really think when you look back at whats happened, is youve seen a couple years of change happen within a number of months, because of the stress that is put upon the retail environment. I think the retailers that you mentioned were struggling before the pandemic began. Others were strong. I think theyve been able to manage through this. My biggest concern right now are those retailers that went into the pandemic in relatively stable fashion including Small Business, which is 70 of the tenants in shopping center, open air malls across the country that are really challenged right now because of the uncertainty that exists and the challenge around retail in general as we fight the pandemic. Dagen spea. Dagen speaking o, amazon is looking at turning shuttered stores into fulfillment centers, according to reporting from the wall street journal. Lee carter, get in. Lee yeah, i think its a really, really fascinating thing, talking about Small Businesses, youre talking about amazon coming in and taking over these spaces and were talking about the future of retail. A lot of the companies that weve seen that were struggling before were because they didnt move to be where the customer is today. Are you seeing any innovations in the shopping centers, innovations in short order that have bee creative ways to get revenue, get people what they need in this moment . You know, i think a lot of the focus right now has been around serving the consumer in this environment. And so clearly theres a focus upon safety, theres a focus upon convenience. So youre seeing things like curbside pickup, click and collect, those types of things that allow the consumer to go experience shopping but be very efficient in their Shopping Experience and in fact, when you look at the amount consumers are spending right now, theyre generally spending a lot more on individual trips than they did in the past because theyre much more efficient. They go shopping, they get what they need done and they leave. And so i think consumers i think retailers right now are doing a good job around making sure they set up their store and logistics to enable that need that consumers have to be efficient and with a primary focus upon safety. I do think you know, we have within this short period of time there has been so much thats happened in regards to the convergence of the digital and physical world. The focus on the topic you raised around amazon moving into malls is just another illustration of that convergence of the digital and physical world coming together and the focus upon the last mile, the focus upon efficiency, the focus upon getting consumers what they need as quickly as possible. Thats not going to go away. Dagen i dont think many people understand how bad it is, though, for the retailers. I have a friend who has a fashion brand and she doesnt think that kind of the wholesale business or even the Department Store business will exist for her or many other manufacturers in a year. She said she thinks its going to be all direct to consumer but a lot of these fashion brands, they might not make it to that point and youre going to see youre definitely starting to see more and more layoffs in clothing and in the fashion world. Tom mcgee, thank you so much for being here. Thanks for having me. Dagen coming up, disney world making some change as theyre making a buzz this morning. And who needs that bouquet toss. More people are getting hitched virtually. We take a look. I having to say about that you want to stay tuned. Youre watching mornings with maria, live on fox business. Going to the chapel and were going to get married. Going to the chapel and were going to get married. Maria this week on mornings with maria, tomorrow, congressman doug collins on why the durham investigation must be released before election day. Wednesday, we are counting down to the Republican National convention with rnc chair ronna mcdaniel. Thursday, the insights you need to allocate capital with the word on wall street. Friday, crime surging across americas biggest cities, former nypd commissioner bernard karik weighs in, thats all right here on mornings with maria. The volatility. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Now every bath fitter bathbath fis installed quickly, Northern Trust. 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. Dagen brides to be forced to make some hard choices during the pandemic. Technology stepping in to save the big day. Lauren simonetti taking a look for us this morning. Hey, lauren. Hey, dagen, good morning. So zoom weddings are in, in fact, only 7 of couples with wedding dates that were set norr july through november actually canceled their weddings. Emily and tim kept their date and opted for a virtual wedding once they realized the odds of quickly rescheduling were stacked against them. This is kind of a last minute plan that we decided to we were like we want to stick to the original wedding date, lets just wing it. So they hired a video offin ogrpeer. Minor technical issues were a small price to pay for the biggest perk of all, the money they saved. It obviously reduced costs quite significantly. We used the money we saved to take advantage of the historically low Interest Rates and were about to move into our first home. Okay, so they saved more than 20,000 by skipping the venue, catering and open bar and were able to put that money towards a down payment. So even the most experienced wedding experts cant deny thats pretty enticing. The knot coa ceo said we can ext to see more virtual Elements Incorporated into couples celebrations, not replacing them entirely. After covid, couples biggest expense may be the virtual coordinator. Anybody who has gotten married says save your money. Its a booming industry. Dagen youre talking to somebody who has been married twice. There were two people at my first wedding and 13 people at my second. So i know how to cut costs. But lee carter, let me throw one thing out there. Ive always preached like a big wedding is a huge waste of money. However, lee, if you dont have the band and the open bar and the food and all that, most folks are really not going to give you a wedding gift. You only get a gift because youre throwing a big party and lavishing your guests with all the food and booze and whatnot. Lee thats right. Most people plan on giving a gift that sort of represents what the couple spent on them attending their wedding. Its interesting to see what people will do as far as wedding gifts go. Im curious to see what the trend is going to be on parties on the other side of this. I have a few friends who have done zoom weddings, some have decided to postpone. Those that did the zoom wedding are planning to do parties on the other side of this next summer. Im curious what will happen to that industry as well. When you say you have a wedding and you talk to a party planner, theyre going to get charged just because of the fact that its a wedding. I think theres going to be a big change in this industry. Dagen a party is not a reception. So youre not getting the gift. Youre still not getting the gift. Im just letting you know. [ laughter ] dagen speaking from personal experience. I thought my parents would like kick me some money back for not throwing a big wedding. Didnt happen. Coming up, brawl on the field, a major scuffle at the as and astros game making buzz this morning. What set it off, ahead. 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It started when the Center Fielder was hit by a pitch for the second time. Watch it. Boom. That would make me mad too. Oakland won the game, 72. Brian, what about social distancing . The covid outbreak is a huge problem in baseball as theyre trying to finish this asterisk season. Brian this is a huge problem for Major League Baseball and loriano gets hit twice, the second is a curve ball. He probably doesnt react. Then the astros bench starts goating him on and he charges and you get the brawl. It makes no sense. He will probably get a 10 to 15 game suspension, big suspensions in the major leagues because they have the covid problem. Thats 20, 25 of his season. Major League Baseball has to figure out a way to prevent this. Its the astros again in the middle of controversy. Dagen indeed. Next up, disney world cutting its hours. The florida resort seeing more cancellations and lower attendance than expected, the changes start september 8th. Allie, even the most magical place on earth is having trouble getting people through the gates. Allie i know, the happiest place on earth is getting a little less happy. Look, the truth is that disney gets about 40 of their revenues annually through the parks and this is a problem for them, right. And so they really have to focus on and dialup disney plus. People were disappointed in the last quarter. We will see what happens. Dagen i would go if i could leave new york. Youve got a quarantine when you come back for two weeks. Allie thats a problem. But i was thinking the same thing. As the mother of young kids, maybe is the easiest time to go if you didnt have to deal with quarantines on the other side. Dagen indeed. Indeed. I keep using that word. Finally, why work from home when you could work from vegas . Mgms be ladies an belagio and s are trying to attract people to work from sin city, including discounted flights and rooms. Lee, how does it work if youre trying to do a Conference Call, a video call, from a cabana by the pool . Lee you probably dont want to do the Conference Call from the cabana by the pool. The rooms are big and comfortable. This is a smart move on las vegas part, trying to attract people because this idea that people can work from anywhere is here to stay for quite some time. You look at google extending work from home until next july. The trend of people buying primary second homes, a lot of people want to go other places and set up camp and work from wherever they are. People that want to gamble by night, work hard by day, maybe thats your spot. Dagen if youre in vegas in august, youre staying inside because its hotter than the face of the sun. Still up, the best way to cover up n95, kn95 masks, we look at how to keep them clean and how much they cost. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Onceweekly trulicity is for type 2 diabetes. Its not insulin. It starts acting from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease or multiple risk factors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. Were committed to helping ensure trulicity is available and affordable. Learn more at trulicity. Com. Dagen good morning. Im Dagen Mcdowell in for Maria Bartiromo. Monday, august 10 top stories 8 00 a. M. Eastern. Stimulus showdown, President Trump taking executive action over weekend providing aid on unemployment, for renters student alone borrowers the questions remain about who is paying for it all. And, could there still be a deal worked out between congress, andrea the White House Coronavirus case topping five million u. S. However, many areas are seeing number of new cases trending down there is still alarming rise among children schools start reopening what you need to know about using taking care of and replacing masks, breaking hong kong besman activist jimmy lai arrested he Foreign Ministry saying they are violating International Law sanctioning u. S. Lawmakers including senators ted cruz, Marco Rubio Tom cotton twit making a move for tiktok the wall street journal reporting preliminary talks are being held between the social media giant, where this leads microsoft ahead the markets futures point to higher on across the board dow futures up 96 at the moment, s p 500 and nasdaq posted second straight week of gains, last week, dow was big winner gaining nearly 4 , or junz russia investigation senator Lindsey Graham revealing new documents to Maria Bartiromo he says shows fbi misled senate technologies economy. Chaos in chicago looting across the city after a policeinvolved shooting, and another rout in portland. Amaz warehouses could come to a mall near. You european markets slight gains across the board, in england france german in asia overnight kospi, south korea sand shanghai to the plus side, in china, ask Consumer Price index rose 2. in july produce prices falling 2. 4 , better than expected. Keep in mind these numbers are released by communist government knee kay in japan closed for holiday. Joining the conversation all morning long lee cart Brian Brenberg ali mccartney welcome good to see you, to some top stories grim milestone in coronavirus pandemic. Cheryl casone has more. Cheryl that is right dagen, good morning again United States surpassing five million covid19 cases over the weekend more than 162,000 around these died from virus texas new record, some parts of the country trending down, lonestar state Positivity Rate tops 20 yesterday up 8 from 8 days ago cases in texas topping 500,000. American academy of pediatrics is reporting more than 97,000 children in the u. S. He tested positive for coronavirus during the last two weeks of july. That is a jump of 40 . President trump may face hurdles when it comes to Coronavirus Relief plan the president taking executive action over the weeks executive orders provide 400 dollars a week with supplemental unemployment payments, Student Loan Relief to december 1 protections froernts and homeowners a payroll tax holiday through the end of the year the move followed weeks of failed stimulus ebb negotiations in washington, some democrats called the president s plan to bypass congress insufficient and unconstitutional. But appearing on Fox News Sunday hours Speaker Nancy Pelosi says she is open to restarting talks. Well now to Hong Kong Police there arrested jimmy lai, overnight, undering suspicion clueing with foreign sources. Lai has been outspoken prodemocracy figure in hong kong regularly criticized china. Back at home protests in chicago, crowds clashing with police looters ransacked Stores Across the city in particular magnificent mile, officers say gunman opened fire during a chase Police Returned Fire hit the man, exclusive interview with fox News Attorney general william barr said protesters want chaos, not change. They were trying to impeach him from day one they have done everything they can sloweded shreddetch d the norms of our system lust for power werent expecting trumps victory. Ag weighing in on some violent protests across the sun saying it has always been about bringing down the president headlines, back to you. Dagen taking matters into his own hands President Trump signing several executive orders on covid19 saturday deal between Democrats White House on another stimulus package could still be worked out the move extending extra Unemployment Benefits by 400 dollars instead of six, it creates a comrrl tax holiday protect against evictions spends student loan payments joining us now, House Armed Services Committee Member jim banks, how much of this good to see you this morning, can be implemented doufrn . Therefore a lot of questions about how much can be executed. Those are important questions, dagen, all of this is designed though by the white house, to put pressure on congress to do job look at executive order should he motivate congress to step up to plate come back to table with White House Senate negotiate compromise pass something there is no question all four tenants of this executive order, fall short what have we should do but this is the president showing leadership doing everything that he can to help people as people suffer, because of this pandemic. So now time for congress to come back to the table, i actually believe, that the comments from House Democrats Speaker Pelosi over the weekend show that the president did exactly what he intended to do, he made Speaker Pelosi house the nats look booed for not doing their job, and i i am going to guess more action on the part of pelosi and democrats this week to come back to the zwriebl a lot of huffing, puffing, trying to push blame on the other side when push comes to shove nancy pelosi and democrats in the house pad late may 3 1 2 trilliondollar stimulus package the fact that not, nobody could get anything done, knowing that the 600 dollars extra Unemployment Benefits was expiring end of july the fact nothing got done that appalling to everybody couldnt get something worked out. I agree that is why this is an example of President Trump showing leadership and congress not, and the congress the way congress works, negotiations should be compromised, but were at a point i hate to be cynical but not lost on majority of American People, that that the House Democrats dont want to pass anything that makes the president look good they dont want to help president look like he is showing talks about the president avoided Nancy Pelosis political trap. But the bad news is that he followed the barack method with executive orders one which stretches the law in a way that future progressive president would surely fight as precedent, that is always the problem with washington when you push the boundaries the boundaries dont snap back they stay there. Well, jurisprudence around the executive orders in this country a complete mess thanks to Supreme Court i think the president sort of stuck to it Supreme Court, ebb said if you are not going to rule on this clearly, then i am going to use this, to try to effect some change i look what is happening here and we talked about the possibility for compromise. The problem is House Democrats started at three plus trillion dollars, and their idea of compromise was to take it to two trillion i think a lot of americans say wait a second where does money come from here how do we keep spending trillions of dollars, not sustainable, what we need to do is find a better way to get businesses back open. I still dont see a compromise that actually works for recovery here how many executive orders change that . Hopefully they spur the democrats to action, the democrats dont want headlines about the president showing leadership, when their clearly not, that is what came out of these executive orders, i agree with you, these executive orders are a far cry from what has to be accomplished, to help people suffering through a very difficult time cynical part has come to the realization that is what the democrats want plern to do suffer every day until election day november 3 they want people to suffer as much as possible before they vote an absolute shame that is what people are becoming more awakened to sick of it you are right they Want Congress to step up and do their job work with the president , to pass something. I have three daughters ten and under paying tries for additional 3 1 2 trillion dollars added to 25 trillion dollars at moment started year closer to 23 trillion dollars National Debt if democrats get their way closer to 30 trillion by the end of the year that is not sustainable, that is not a solution to the problem that we find ourselves in the midst of at the moment. Congressman you are going to talk about debt now, and there no fiscal restraint by republicans or democrats, particularly during this administration, so, it would be very hard to pivot to that, of spending restraint when there are literally still millions of people out of work because of no fault of their own i want to bring lee carter in on polling, of this because the president tends to poll better on the economy, but in joe biden, number one issue in country, has been the coronavirus, and he has been pulling ahead of the president , does this provide a onetwo punch by the president that could benefit him . Yeah i think this is a very, very important move on the part of the president i think that what weve seen in polling biden is expected to handle criticized better than president has until recently trump has always poll better on economy recently seeing shifts in polling biden moving a little bit ahead i think an important symbolic move going to get the economy going to support American People i think that this is something that is going to be very, very particular, and i think really, really tough on congress to answer the question of why they wouldnt come together get something done i dont think that it is fair just to put that on democrats i think republicans, need to come to the table as well a lot of people are going to be upset with congress the president had to do executive order but i am glad that he did it. Final word to you. Once again clear the president is taking action, showing leadership, Congress Needs to follow that lead and i hope they will take a page from the president s book and do that immediately this week. Dagen we are watching to see if businesses follow through and actually start, giving more money back to people in their paychecks that is kind of where the rubber will meet the road, thank you congressman jim banks. Thank you. Much more ahead best way to coverup, that is coming up, we are looking at n95 and kn95 masks looking at how to keep them clean. How much do they cost . Joining me next former atlanta fed president Dennis Lockhart discussing the latest on economic recovery a win for golfer, at this weekends pga tournament what happened to this is trophy is going whoops viral, at least didnt hit him on have head we are with watching mornings with maria live on fox business. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Of a futures pointing to higher open 93. Gain on dow futures up almost 4 last week the blue chips, stimulus showdown President Trump signing executive orders over the weekend, providing Coronavirus Relief, being as congress failed to strike an aid deal providing unemployment expansion addiction assistance defers payroll taxes student loan updates through the end of the year joining is former president of the Federal Reserve bank atlanta professor at school of International Affairs georgia tech. Thanks for having me one. Do we need as a nation in terms of our economy do we need more cohesive stimulus package additional spending out of the congress as opposed to four executive orders from the president do executive orders do enough . Well i think the 400 dollars if it is actually delivered will be helpful in lieu of 600 dollar weekly payments. Of the obviously, there is some question about whether constitutional, whether it is usurping role of o congress the money from from states seems question in some states if we had to stick with executive orders if they are legal, that would be at least a step in the right direction i think as earlier speakers pointed out maybe this is really a spur to action, on the part of congress, and they need this week, to come together, and really come up with a package. Dagen ali mccartney . Look, i think last week the markets simply went up largely up on stimulus from europe and one of the best seasons ever so i dont think the specifics of this they havent created a tension to at a time i think this morning markets world is looking for, is for some cohesive action, but i think that, you know, the concept, for example, the payroll i think we need real stimulus not tax holidays not robbing peter to pay paul what do you think happens if that fails to get delivered in the next week or so well, i will start i will start with some numbers that you are familiar with, we have 16 Million People officially unemployed last the jobs report 30 Million People who are receiving, Unemployment Benefits. So a big a big swath of the American Public is in a tough situation. And if we dont have relief that meets their needs, then that is going to certainly redown to difficulty in terms of consumption you are going to have a lot of americans really in fairly dire straits so i think it is a choice between a a couple of very with adverse scenarios one certain population in big trouble you will the immediate problem, is to is to help americans through this period and i think you need to have stimulus or relief whatever you wish to call it. Is a more vshaped recovery in cards with 600 dollars . It expired disappeared not just end of july but even the week prior, for Many Americans that is already enough to really pull down Consumer Spending dennis . It could have some effect but yesterday i looked at gdp now, which is a realtime done by atlanta fed so i am loyal to former colleagues there but it is a realtime gdp calculator taking incoming data in the current quarter. Now it is early, in this quarter and there is not a lot of data that have been had accumulated, but it shows a 20 rate of growth in the quarter, which coming off the Second Quarter which, of course, was terrible, shows that there is a rebound taking place in this quarter. Now, i think are that rebound takes us up to a level that is still substantially bloo precovid levels of activity but moving right direction. Have a terrific week we will see you soon. Chaos in chicago, widespread reports looting overnight clashes with police what sparked the violence . Ahead. Quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. Lease the 2020 rx 350 for 419 a month for 36 months. Experience amazing. At your lexus dealer. Dagen windy city waking up from night of looting crowds clashing with police as hundreds of looters monday famous magnificent mile a man was shot by police on city south side his condition right now is unknown. But officers say he opened fire during a chase, forcing them to fire back. This coming as riots were declared again in portland overnight, this is becoming a nationwide issue. For people who are worried about their own safety, and security. And certainly it looks like the leaders in many of these cities do not have a control, on the spike in shootings, and murders. No question about it, a lot of it mayors are blaming all sorts of utter, there is blaming rather than taking responsibility the bottom line 77 americans are concerned about the rise of crime in cities, and 46 this is really important nearly half of americans are concerned about rise of crime in their own communities, what you are seeing in big cities, happening will happen to themselves we are also seeing a huge increase in people buying their own weapons people are afraid of not able to be protected by police, this will be huge as we go, go november number one voters going to vote on who is going to keep me safe. When it comes to when it comes time to make their decision, in november that is very different we are seeing people wantity safe physically because of covid front and center. Brian brenberg the narrative was public presence of federal officers protecting a courthouse making people violent. Well those federal officers stepped back stood back, and violence continues, so that narrative went right down to toilet bowl number one, number two you had mayor ted wheeler last week suggest tell tell these these violent protesters anarchists violence is bad you might help President Trump get reelected i paraphrase that was essence of his message. Yeah, i saw that what a cynical statement. There are real problems with violence not purely political but you see this pattern portland in chicago, you have an event you have a problem, nobody waits for the details then it is looting nordstroms, walgreens like that is going to fix the problem you have so few ladders he in cities stepping up simply saying this is flatout wrong you need more of it if you dont get it sorry, wheeler if you dont get it this is going to keep happening not anybody elses plate but your own. Dagen thank you brien,President Trumps executive orders 32 advisers ceo robert wolf weighs in, morikawa wins the pga tournament what happened to his toe of going viral i bet q. Monday, august 10 markets 8 30 a. M. Eastern, futures looking to kick off this week, with gains, coming off a week of gains, checking the Global Market action european markets showing slight move to the plus side, england france, germany inb asia overnight market mixed nikkei in japan closed for a holiday. A fire ripping through rachel rays home overnight Cheryl Casone has details, cheryl that is right firefighters say the celebrity chef and family were inside when this fire started she husband dog got out in time, videos shows flames from the roof of home filming from the Warren County home during the pandemic,there is no word what started the fire, or the extent of the damage. Well he there were problems at polls in puerto rico force officials to put primary elections on hold due to lack of ballot, had to be temporarily halted in Voting Centers across the island going to try to resume sunday the governor issued snubl out unacceptable and outrageous. Morikawa winning pga after a stung final round. Wow that eagle putt, the 23yearold shot 6under par won first manage, and take home the he trophy. [applause]. Oh, boy. Yes, the lid fell off cup lifted it up, it was a fun moment, back to you. If it had been me i would never win a Golf Tournament ever probably would have broken my nose. Thank you so much, economic relief, President Trump taking matters into his hands as lawmakers struggle with a stimulus stalemate, the president signing executive orders on saturday, providing 400 dollars per week, in supplemental unemployment payments, to offset 600 dollars per week that expired Student Loan Relief through december 31, eviction protections for renters homeowner deferring comrrl taxes, talks stalling in congress further negotiations are possible joining me Fox News Contributor 32 advisers founder ceo are former economic adviser to president obama. Something needs to get done in terms of stimulus do you think odds light a fire given the fact at least 16 Million People in america are collecting unemployment, more if you factor in federal benefits they were receiving. Dagen, i think the nbz should have lit a fire and i think everyone should be working on by partisanship a as in worded we need it now i disagree the way president is doing executive orders, my view is we need i say broadbased holistic probably one and a half trillion, relief package, if you look at fridays numbers you did a great job you talked about this still 58 of the people who arent yet back and still unemployed from pandemic we have five Million People have not come back into the workforce they have left workforce because of pandemic the Participation Rate near all time loss 61 . So it is clear that weve incredible issues ahead of us. And we need a full comprehensive package. We cannot do it piecemeal. I like i did it 42 , have come back i think, of 22. You did it other way i was Looking Glass half full but, you know, the what it is about even half if you will yet that is your point. I will push back a little bit on executive order issue because President Trump essentially taking a page from president obamas playbook, president obama in many instances did use executive orders. And the the wall street journal editorial page rights about it this away, president obama paid Health Insurance costs sharing subsidies inner obama care without appropriation from congress, he used the same executive order strategy to provide work permits for millions of undocumented aliens back then the democrats cheered president obama but now there is an issue with what President Trump is doing using same power if you will. Dagen i needed to be clear you know me i dont play ball, strikes i have no issue with executive orders the president has the right to do executive orders that wasnt my point my. After fridays number we need a comprehensive plan and executive orders dont do enough. And he doesnt have the ability to do it enough, i need i am talking about one and a half trillion, in for moratorium on evictions absolutely not for helping students with student loan payments absolutely i believe he can do those under the constitution, on the tax cut i have been very clear even before the president decided to go here i am not a supporter of that at this time, that does not help anyone who is unemployed doesnt help any Small Businesses, that have been hurt by pandemic. It is devastate spending fungible that monday is fungible the revenue side or expense side i think they are spending it the wrong way, so this is not about who is doing the executive order this is about there is a better way for a recovery, and this is the president the administration, that tukz about great vshaped recovery . That is just not accurate, okay. And we just said 58 , has not come back 42 have come back, disproportionate amount up on furlough leisure, are hospitality restaurants you talked about disney scaling back so those are the ones with the most volatile, in my opinion, ways getting back to work as opposed to they are not new jobs i think this recovery needs that rocket fuel again so i would actually look at one and a half trillion you need to compromise the plan. I want to move to i am not going to get into additional spending for cities and stated, because we can talk for hours, hours about that you sounded the alarm on that for sometime. And that these localities states risk laying people off even more so if they dont get funding i want to ask you about 2020, the president ial election, dnc is one week away, former Vice President joe biden still has not announced pick for Vice President , he says it is coming soon, robert wolf who is it . [laughter], well if i know would i probably put one of three people you guys have been you know talking about it for weeks as weve been talking about it for weeks. The it seems like Kamala Harris susan rice seem talk of the town Gretchen Whitmer is back in the game Elizabeth Warren Tammy Duckworth would i speculate i heard the interviews will be taking place this week, the one thing i have learned from president obama and i am sure President Trump would say same the top of the ticket that counts vote for top of the ticket the Vice President is critically important but people will have a decision to make who is better former Vice President biden or President Trump you know where i stand i couldnt be more clear there is a fork in the road we can go down one path or the. Vice President Biden is he really to debate do you know . Has he been doing mock debates yet . I think he will be ready to debate i know that everyone is having fun with some of the gaffes here and there i reminded you plenty of gaffes President Trump made there is plenty gaffes i make the debates will will make clear ziefrngs where policy is best met the economy right now still in a recession, huge unemployment i think Vice President biden put out a great four stage plan how to bring this recovery back. Do you think is a moderate his wife jill on with dana perino last week she said her husband is moderate who he has al been but some policies are all bernie sandersish or state from his playbook. Let me say a little different weve spoken about this with maria i think almost all democrats progressive on certain issues gun reformer Immigration Reform trying to change health care, but joe biden is not for medicare for all he is for lawing employees to keep insurance not for Green New Deal for Climate Action plan with Child Support are not for wealth taxing can i interrupt you quickly he is in favor in 15 years ending use of natural gas and coal by electric utilities. Has that not send our costs higher as a nation. Well if you look at allin approach look what is doing on electricity utilities, how they are looking at their future so what i would say the approach of solar wind he renewables alongside need to reduce Carbon Emissions interesting whether 150 years or some amount cooler we have to go hard into that type of what i would say new climate approach. Robert more time next time great to talk to you as always i thought would you bring up golf the pga championship. You know, i have been playing some golf game is getting worse but i am fun to play with. Handicap now . My handicap is 18. Going up. [laughter]. Good to see you i have to admit, i am going to tell you played with bill he is incredible caddie. Will the. The [laughter] i think bill murray is an incredible person. He is. Good to see you america masks what you need to know about kn95 masks. Well well tennis channel report for fox business. A return to the hard court this week the national top seed open in lexington kentucky, joined by starstudded field including her sister venus, 2017 champ, coco many more as players return to action in the leadup to u. S. Open. 23 time grand slam chamber matched with bernard in fers round if she gets by that will face the winner of a blockbuster first round match between venus and twotime champ victoria. Dont forget catch the action from the top seed open all weeklong on tennis chaem daily of live coverage begins monday 11 30 a. M. Eastern. Weve always put safety first. And we always will. For people. For the future. And there has never been a summer when its mattered more. Wherever you go, summer safely. Get 0 apr financing for up to five years on select models and exclusive lease offers. Dagen cover your face, that is the word from Public Health experts and emphasizing face masks one of the most effective ways slowing the pandemic n95, kn95 recess operateors most common to meet regulatory stands filtering out at least 59 small particles to tell more about quality pricing maintenance cyberguy. What is the difference between n95 and kn95. So glad given this i have learned more than i thought i new this is Gold Standard the one that is National Institute of safety and health certified. They approve masks test them out, based in the u. S. You can see whether your mask met match those that have been kicked off the good list, one were seeing right here, coming out is a patented n95 mask for consumer this is antiviral mask you want the one that says real deal, this not only does that filtration for 95 of particles but also has Antiviral Properties ep patented in the material whatever it catches goes aactivates that up to 95. 99 . How do you maintain masks cleaning . First of all, what i am doing right now by touching the outside you dont want to do that dont get oil on a mask because that is really going to make the life of the mask not so good. Remember these are all really intended to be disposable so if not reusually washable good ones not can be disposable they are not meant to wear a lot but if doing regular things in life know you are not necessarily around, that clinical environment of infection, then you can reuse them according to cdc web site but the fact is you dont want to touch it a lot you dont want to ever touch outside once you have worn it stay away from touching inside you dont want to take what you may be contaminated with locally in environment and touch inside i keep mine in a ziploc. How much do they cost. Man it ranges dagen this one that is the primo, i did a review cyberguy. Com antiviral four back 50 bucks for this, the kn95 tend less responsive a 10 pack 29. 99, n955 know almost impossible for a consumer to by now available for about 179 for 10 pack of these only semwhen all medical institutions, institutional purchases are done, they have leftovers so come and go, i found sources you can see on line. Thank you good to see you ive got a whole supply in my bag over here, so it is not n95 but does the trick. I think better this way. Certainly my mug is better at 8 51 in the morning with a mask over it thank you. The pandemic hitting americas job market hard which group lost the most . Next you are watching mornings with maria live on fox business. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Dagen millenials hit hard by the pandemic. New wall street journal report highlights numbers from the st. Louis Federal Reserve showing 4. 8 million millenials lost their jobs, more than genxers and baby boomers. Many working in struggling Industries Like leisure and hospitality. Brian, this is after they already got hit at a younger age obviously during the financial crisis of 2008. Yeah. No, they have been its a double whammy for them. As i have talked with millenials, the thing i keep noticing is the ones who are finding a way out of this are the ones willing to recognize reality the way it is. They lament the loss, the challenge, but they just realize ive got to move where ive got to move, got to go to the industry i need to go to, and get on with it. The sooner you do that, the better you can adapt to these kind of circumstances. Dagen allie . Im glad you pointed that out. For generations, the Unemployment Rate under 30 has been in the 20s and this can handicap a nation. I want to close by saying here the markets are masking this unemployment issue. We talked about it earlier in the program, indebtedness for households is going up. We need to get something through congress that helps relieve some of these issues and you know, especially for the younger generation. Dagen lee . Yeah, i think one of the things we are seeing, right, is theres a lot of people being left behind and this gives a real opportunity for a change in the political environment and tenor. I think when you see millenials, theyre not sure what joe biden stands for, theyre not exactly sure what to expect. They need to speak to them and give them hope, right. I think theres cynicism among them that thinks the government will let them down. I think we need to prop them up. Dagen thank you, all. More after this. This is decis. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. But what if you could stdo better than that . K. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Dagen thank you all so much. That does it for us. Varney, take it away. Stuart okay, dagen, i can do that. Dagen its past 9 00, stuart. Come on. Stuart im here. Im here. Good morning to you. Good morning, everyone. You know, i remember saying last week that there was no way congress would leave town friday without a deal on virus relief. How could they resist spending money right before an election . Well, i was wrong. There was no deal from congress, but President Trump stepped in and the money will flow. He signed executive orders to help the unemployed, students, renters and Small Business