Markets looking to start the week to the upside. Futures inching higher this morning take a look there. The dow jones up about 71 points the nasdaq up about 63, and the s p 500 indicated higher by just about 10 points. This after markets finished a little change on friday. Retail, of course, and focus this week earnings expected from heavy hitters including walmart home depot lohse and target fighting back former mcdonalds ceo steve easter brook is slamming lawsuit from the company over his severance his defense later this hour. And heat wave, brutal temperatures hit the west, threatening the power grid in california. Plus, the state of travel airports bracing for a whole new world of changes at checkin what you need to know before heading to the airport. Mornings with maria is live right now. And were taking a look at the european markets edging higher as well. Take a look there the ftse higher and now investors are keeping the focus on travel restrictions, and u. S. China trade tensions in asia overnight a little bit of a mixed story there. In shanghai the best performer respect to the indices now japanese economy contracting record rate of 27 about. 8 between april and june 3rd. But weak spending, of course, trade as well. Now the Democratic National convention kicking off tonight virtual for the first time ever. Cheryl casone has more with that. Cheryl. Cheryl thats right tonight see we the people will focus on pandemic, economy and Racial Injustice with virtual speeches from senator Bernie Sanders, former Ohio Governor john kasich a 2016 republican candidate for president , who has been yes critical of President Trump. And keynote speaker former First Lady Michelle Obama now a new National Poll shows joe biden is holding only a is lead over President Trump in 15 key battleground states. Well, now to the chaos in seattle overnight, rioters took to the streets for an antipolice rally. The downtown area turned into a war zone. Several officers were injured in at least 18 people were arrested. Well, the u. S. Coronavirus death toll topping 170,000. The food and Drug Administration issuing an emergency use authorization for a saliva coronavirus test this test developed by yale researchers by the nba is cheaper less invasive than nasal swab testing. And then wildfires are growing. Lightning and heat fueling new fire in southern california. There are at least five wildfires that are burning right now with the lake fire, the most intense of the flames still only 12 contained. Temperatures not helping the situation there. And in death valley over weekend mercury reached 130 degrees that is hottest temperature believed on earth in more than 100 years jackie. [laughter] i know. Eat to get to, of course, business first and futuring pointing to a gain dow higher by 68 points and investors eyeing retail earnings they are set for this week. So weve got walmart home depot target and other big names all reporting results and this is coming after july retail spending numbers show that american shopping rose higher than prepandemic levels. Thats an encourage sign. Joining me now senior equity strategist lynn also joining conversation all morning poster pat centers president and persuasion author lee carter. Republican strategist, and freed and william attorney and pwc partner Mitch Rochelle great to have you all here this morning with me. Lets get straight to it linda and talk what about were seeing in the markets weve got retailers reporting here, of course, the bar has been lowered. So companies have been, you know, doing a little bit better than expected but those expectations have really, you know, been taken down. Yeah it is great to have a low bar to be tiebl pass over. I think retail sales should be good this, you know, we should hear very good this week from retail sales and expect it to continue. You look how strong automobile sales have been and how sales and these are big ticket items. As long as consumers believes that theyll be stimulus coming their way, and that the job situation can get better, it should be really fine this week for retail. Thats the key, of course, right will there be more surplus everybody is waiting on that. Also waiting to hear what we hear from Companies Hit particularly hard in this quarter as a result of the pandemic. Where we go from here. As were looking at this recovery right now, it does look to be v shape. But what potentially could derail us here . I think the biggest question is jobs. Clearly, theres so much stimulus out there so much liquidity thats just very, very bullish for spend by consumers and for the market. But we really need that second bit to come in which is job growth, and we need to see that unemployment level come down. And thats where its thats where were flying into the uncertainty now in next number of months and really need to see things turn around and virus has to help us with that. You know freedom to get out, of course, the schools opening and people ability to get their children to school so they can go out to go to work if they need to. Of course were watching the conventions keeking off today. And were also thinking about the election. Mitch, wall street journal had a really interesting piece saying that trade reverse bracing for volatility that comes along with this. Yeah. The fact of the matter is, i think that the market has gone up. And market has ignored so much of the noise that i think as we get closer to the election and uncertainty regarding what policy changes could come, if there was a bidenharris ticket, i think thats whats starting to get the market a little bit and curious to hear about what linda thinks about now and the election. Linda go ahead. Please. Most important thing is, the uncertainty that would come in we dont who our president is, the day after. But everybody is talking about it. I just have a hard time believing that the market is not pricing in what everybody is talking about. Were all worried about uncertainty tightening of the race here what will be a biden platform and biden platform if he should win but you have to just weigh that against all of the stimulus that is out there and if a new president into a u shaped recovery, but takes a little bit longer here than a v in economic part of it. Then maybe we dont need to worry about it as much even if we just grind around here in the markets for next number of months. And 2020 election that youre speaking of officially in full swing well say. The dnc is keeking off tonight investors certainly bracing for what could be this unprecedented period as tensions are heightening here. Were also watching the polls very closely. They do show biden in the lead linda. You know investors saying his choice of Kamala Harris maybe safest bet with respect to the markets for his ticket. Your thoughts on what were going hear from the democrats. Well, yeah i think biden just really wants to get elected i think hes going to be careful to let progressive voices have their speeches maybe early on this week and try to really sound more moderate with his pick being more moderate he wants to get in there and win. And i think well be hearing a lot about 2,000 and market was quite uncertain right after that period of time until we really decided who the president was. If we remember going through that if question of that kind of volatility and markets move back i would call that a buying opportunity for all of the good that could come on the other side. Well you bring up a great point with a lot of investors out there that look at that market that seems hot at the levels that were watching. If you have new capitol to put to work linda. You know where do you think that investors should be focused when it comes to different sectorrings or how they should position themselves or maybe even take pause and see what happens with the election. Yeah. I think it would be great to have a balance in your portfolio. We love gross and tech stocks and biotech stocks as of as anybody else does, and the market is deserved by the earnings of the companies in question. But if youre truly a longterm investor, those cyclical yarrs of the marketplace that is financials which is a really important sector of the market has just been disrespected for several years now. Financials can really get going here, that can really broaden the marketplace. If youre a lot to investor look for High Quality Companies in the cyclical areas of the market tharkd do well in a economic recovery. Our central bank does not want it allow us to have a recession. Thats really bullish for some of these beatsen down areas of the market. Yeah and journal is pointing out that cyclicals are coming back and that is a positive sign. So, of course, were going to be watching closely. Linda thanks so much for joining us this morning great to see you. Thank you. All right. We are just Getting Started this morning, coming up on the show, fort legal balings and ban game from platform and then at 7 a. M. Eastern team the word on wreement. What are investors watching this morning. And new york congressman tom reid on house speak or nancy pelosi push to bring lawmakers back to washington over the Postal Service. Plus. A fox business exclusive with commerce secretary wilbur ross with the latest on how u. S. Is taking on china. Covid19, of course, changing air travel, airports bracing for new safety measures. Then, in the 8 00 hour, House Minority with Steve Scalise on house battle over Postal Service and vpght cial candidate Joe Lieberman previewing the Democratic National convention kicking off tonight trump 2020 president ial Campaign National press secretary hogan giddily on president and Trump Campaign blitz as he heads to wisconsin a key battleground state, and how low can hay go . How extremely low Mortgage Rates are affecting Housing Market. 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. vo because we know you want to get back to going your speed. Steering life at 10 and 2. Youre prepared for this. And so are we. Soon youll get back to skipping the counter without missing a beat. Back to choosing any car in the aisle. Back to being the boss of you. Go national. Go like a pro. 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. Jackie welcome back the Democratic National convention kicking off in milwaukee tonight. It is virtual for the first time ever. Joe biden set to appear from his home in delaware. President trump meantime heading to wisconsin launching a Campaign Blitz in battleground states. Now, both campaigns are battling for the genz vote sanders among speaker tonight joining me black voices for trump 2020 Advisory Board member veterans for trump 2020 and women for trump. And cochair project 21 stacey washington along with democratic strategist Jason Anthony nichols great to see you both this morning. Jason lets go ahead start with you. Talk about what were expected to see tonight this is a challenging situation for the democrats and they are first up here with a completely Virtual Convention question as we move into this, what is messaging going to be how do you cope that energy up to get people really to rally around the democrats . Well i think what theyre going to do is really hone in on some of the mistakes that trump has made but still keep a positive perspective. So youre going to hear a lot about 170,000 people dead. Youre going to hear a lot about some of the deals that trump is failed to get in materials of china and north korea. And iran, youre going talk about him alienating some of our allies around the world. But at the same time youre going to get an optimistic message. Youre going to hear people starting applying fact that democrats are the diverse party. The ones who are moving towards progress and a lot of years. So i think youre going get a real optimistic message thats going to be something where it shows wide tent everybody who from moderate republicans like john kasich all the way to people like Bernie Sanders. And i think that that is kind of the message that we are the party for america. The party that represents the most people in this country. Jackie stacey let me ask you this coronavirus certainly going to be in focus here. With respect to the administration, how it has handled this black swan event it is tough to say really that anybody else could have possibly handled it better. You know, the president is beginning to be in milwaukee today Vice President pence is going on wednesday. Theyre really sort of doing a counterattack here as the convention gets going. Right. So were running online digital ads and key areas and this is going to be our beggest Digital Media push ever. Were going to be talking about our accomplishments, Trump Administration has made amazing strides on behalf of americans and before coronavirus we have a recordbreaking economy. And lowest unemployment numbers for every demographic including black americans, and hispanic americans and women so we have a lot of accomplishments we have a vshape recovery looking at an amazing come back. American comeback and these things are only possible under a jobs president like President Trump. Besides coronavirus is concerned no one could have done this any better. This isnt a textbook case of something that could have been foretold or foreseen. The bad actions by china actually exacerbated the situation. So President Trump cares about americans and hes done Everything Possible to make the recovery a real reality. To test every american, and to push forward the solutions for this. Which include a range of treatments and a social distance and wearing of patriotic masks. So we are excited about this president and what hes den and were so happy to be able to showcase the difference between the democrats and republicans. Specifically trump republicans and what were going to do moving forward with four more years. Jackie a new cnn poll shows that biden ahead of President Trump but margin narrowing a bit 50 of voters saying they would vote for biden 46 said they would volt for the president. The survey a also showing biden losing steam with states with impact on Electoral College thats really important in 15 Battle Ground states biden has just a 1 point lead so jason respond to that. Because, you know, everyone pointing to polls they will get tighter as we get closer to voting day. You know, but when you look at the Electoral College and how this is mapping out, you know the president dungts seem like hes in bad shape. Well i think hes in bad shape for incumbent never should have behind that way. So i think that it is good news for joe biden we all knew this thing was going to be narrow i always tell people that polls are just the snapshot of time so dont pay too much attention to them this is a close election but joe biden has message, has the diverse ticket, people are excited and people are energized around the country. So i think it is really going to lift him to victory but well see as we move for forward. I never tell people to Pay Attention to polls because polls as we saw in 2016 things turned out another way so i think we need to move forward have an energized campaign, and it will drive us to victory. Jackie all right stacey Anthony Nichols thank you for your time this morning really appreciate it. Thank you, jackie. Jackie all right coming up House Speaker nancy pelosi calling lawmakers back to washington to address the Postal Service and its funding. Weve got the latest on that. Plus, driving up your grocery bill. Were looking at the items that are costing you the most. Youre watching mornings with maria live on fox business. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. 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. Jackie return from recess House Speaker nancy pelosi calling lawmakers back to washington to address u. S. Postal service cuts heated of ahead of the november election with sorting machines around country. Now white house chief of staff mark meadows signaling yesterday that President Trump would be pling to sign a bill supporting the usps as long as stimulus checks and ppp funding are included. Jonathon i want to go straight to you on this because were looking at the potential to have the house come back to vote on the Postal Service yet at the same time were not making strides it seems on stimulus. Your thoughtings. Yeah i think it is interesting context is everything jackie. Were about 80 days out from the election. And the white house is already committed as you said to extending a functioning bill. But you think about, you know, secretary of state we heard from her. Secretary of state in the state of washington, where all votes are cast by mailin ballots you said shes not even shes not actually worried about fact that there could be a delay in some ballots she understands that the post office has been notorious there for sending false ballot information. And causing trouble when it comes to election day. So, i think in full context youre going see a lot more of this nancy pelosi is gong to push her agenda. We need to find what the right agenda is opposed to what Nancy Pelosis left agenda is. So i think youre going to be seeing a lot more of this in time coming. I want to get your take on this we have the warning 46 states it cant get ballots there in time it seems that everything is set up for a messy election your thoughtings on what will happen with mailin ballots counting them, sorting them. Are we going to have an answer to who and this is election on that evening . Frankly not. We saw that, you know, in a lot of primary states happened post pandemic we had to wait weeks to piengsd out results so i think it is going to a similar situation in november i dont expect the seam numbers in person as we are now and theres beginning to be a lot of, a lot of fallout. What i think is really fascinating too right now, though, is that nancy pelosi is calling back over the Postal Service issue it is clearly politically driven. And it is meant to create concern about the validity of the election already. What i think is very smart the president is doing is saying you know what lets talk about that, what we need to focus on is getting reloof to American People thats where hes playing economy people want to hear theyre going get the money back in their pocket and president is fighting for them and i think thats tightening in polls. Jackie mitch white house chief of staff mark meadows calling it absolute nonsense that President Trump is, you know, attempting to purposely undercut the u. S. Postal service. Theyve been in trouble for a wheel now, and theres so many things going on in this country to focus on frankly were reopening were getting businesses back up and running why cant people go and physically vote . Well you know what, ive gone to any number of stores and had to wait in line to get in because these social distance online, so if we can shop in supermarkets and big box retail, and wait in line other contexts i think you can wait in line at the voting booth thats probably the simplest of answers and least political. Mitch im wondering what you think the impact of all of this controversy is going to be on markets weve seen such volatility since the pandemic started. Now were heading into an election right now were looking for a recovery to happen. And yet you know were looking at the dow right now 27,850 so it is close to its highs. You know the question is how does all of this impact investors as theyre trying to make decisions . I think the reality jackie is markets like certainty and i think were going into a cycle of uncertainty that we havent seen before. Even when the shut shut down had we start to see businesses come back in some way shape or form but this is a different level of uncertainty i think youre going to see more anxiety volatility in the market. Jackie uncertainty is not something investors like to see. Coming up later on the show. Restaurants are under pressure. Which chains are in jeopardy ahead. Plus, lord of the rings fantasy airbnb hosting hobbit house were going attack a look at that. Youre with aing mornings mornih maria live on fox business. 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. Jackie welcome back good morning everyone im Jackie Deangelis until for Maria Bartiromo august 17th peak a look at markets at 6 30 a. M. Eastern time. Futures are edging higher, the dow is indicated up by 61, nasdaq higher by 68, and the s p 500 by 10. This after markets were little changed on friday. The s p 500, though, is less than whatever of 1 away from its all time record high. The european markets are higher across the board as well. You can see the ftse up by 21 cac by 4 and dax by 21 points and investors keeping fobs on travel restrictions also, on u. S. China trade tensions. In asia overnight a little bit of a mixed story. Shanghai was the best performer, closed for the holiday. The japanese economy contracting a record rate of 27. 8 between april and june. Spurred on by weak spending and trade. A man remains barricaded in his home with 3 hostages more than 12 hours after allegedly shooting three Police Officers in texas. Cheryl casone has details on that. Cheryl. Scar rei moments jackie good morning again and the suspects mom call 911 after he broke down her door and was acting aggressive at the home just outside of austin, texas. Those injured officers are, though, in stable condition. The mans mother a child, and another person were inside the home. Police say they are in contact with the suspect and they hope to end this standoff which is still beginning on at this hour. Peacefully. Well it is a merger monday on wall street remember those shares by pharma on rise after it was announced that French Health Care Companies was buying the u. S. Base business. This deal values the company about 3. 7 billion dollars. Says acquisition will strengthen presence in research and development areas, and theres this starting today, more than 4,000 walmarts will extend their hours by 90 minutes. Retailer also keeping senior shopping hour every Tuesday Morning before they open. This comes as retailer is loosening coronavirus restrictions. Paying a look at walmart shares in the premarket. Stock up more than quarter of a percent right now. Maria bartiromo will be sitting down with ceo doug thats going to be on wednesday morning jackie. Jackie we will all be watching thank you for that cheryl. Restaurant industry under a lot of pressure, some of the nations largest chains either filing for bankruptcy or struggling to pay down their debt. Chains like outback steak house ihop dennies and Cheesecake Factory likely to default according to an s p analysis. Joining us now former ceo of mcdonalds usa daves barbecue and ed great to see you this morning. Good morning jackie thanks for having me. Jackie i want to get your attack on what were seeing with restaurants under pressure like this. It has been very difficult to reopen. Everybody is trying to do it safely and make sure that diners can come in and enjoy their experience. Yet at the same time youve got social distancing, rules, and a whole new ball game really that these Restaurant Companies have never seen before. How do you see this going as we slowly start to, you know, see that recovery taking place . And people get out and about . Well, we have to keep reopening our restaurants, and i think almost every company, every brand is repositioning themselves resetting their strategic footprint. Social distancing, masking, lots of sanitation. You know Restaurant Industry has got clean in their dna. Local restaurants are having more luck with local buyers because theyre used to the people. Chain restaurants that have limited menu drive throughs, are capable of all day menus are doing pretty well theyre down about 10 . Casual restaurants are really being impacted because they have a modest average check. Theres a lot of seats disappearing out of dining room theres outside dining. Food cost is up i would say from 5 to 10 . Labor is very difficult because employees have a hard tile getting back to work it is difficult to work in these places under the circumstances. People are hard of hearing cant read lips anymore so taking orders of things of that nature very difficult by everybody is coping in some fashion but i fear for restaurants that dont have aibility ability to make a change in a strategic foot precinct there was a lot of bankruptcies i was talking to gentlemen who has a restaurant bar. Highs food cost sup from 28 to 40 . Hes talking ab 25 to 30 increase in prices. Which will drive traffic away from his business as a real serious problem. Jackie that s p analysis that i referenced actually said that only one in five companies is really at risk of default here even though numbers are staggering youre talking about these challenges. I have to tell you here in new york city, i see, you know, five or ten tables outside a restaurant knowing the kind of business they can do inside. Then you think about the fact that this summer is going to be over soon. They may not even be able to serve outside until. So how do you sort of balance the numbers in projections that restaurants are going to be okay. With a reality of what is actually happening. Well theres a big difference between being okay and 20 of the restaurant going to fail. 20 of fifth of the restaurant is closing is going to be a disaster for that century i want to think about this too just before this pandemic hit there was a push nationwide to increase the minimum wage to 20 an hour a lot of states and cities went to 15 an hour. Which caused a lot of unemployment in the industry. Now weve got this pandemic on top of that, so theres been a significant twoyear disruption in the Restaurant Industry. And its not beginning to have an easy way back. It is a crisis for the Small Business person. Big chains will cope somehow. But you know it isnt just a Restaurant Industry. You take a look at all personal Services Industry like hair salons i know a lady that owes 35 salons in california she has not been open for three months. You can do hair outside, but not inside it is ridiculous. Jackie mitch ed brings up a great point here. The strawngts are a large part of the economy and general but other industries are faltering and were seeing joblessness come down but were hoping that it will continue to do so further. What do you think about how recovery is taking shape and if that vshape can stay intact . I think you look at the increase in the economy a lot of it came out of the Hospitality Industry. But you know looking at cruise lines they are in trouble for a long time. Airlines are in trouble for a long time. Theyre furloughing, more senior people, i think the personal Service Industry is going to lead the way because people want to get their lives back in order again. But it is going to be a slow slog for the next several months after we get it all figured out. Every day we learn something new, weve got to get this vaccine in place. So people can feel comfortable and safe. Jackie Mitch Rochelle jump in. Yeah. One of the things that concerns me is the we may have a vshape i think if you look at data that suggest a v question is as we start to climb the return of that v, do we get as big as we were before in terms of the size of the economy. Ed one of the things that i worry about is the Restaurant Industry in the personal Services Industry is a huge employer of talent in this country. And theyre just beginning to be a limit on their capacity even as we recover to reemploy all of the people that they previously had employed. I can tell you with all of my conversations that a lot of these restaurants or personal Industry Services have changed the way they do business. And theyre not going to bring back all of their employees because they found ways to become a lot more efficient. They found out that there are some customer groups certain times of the day that just arent profitable so why bother . Youre going to see a big change in the Employment Base within the Hospitality Industry weve become more efficient. Weve become smarter and that generally means that people going to lose jobs. Jackie one minute that i have left with you real quick i want to the talk about Ronald Mcdonald house in chicago dealing with looting. And danger these children and their families trying to get help. And theyre struggling with violence on streets not only on streets but now coming inside. Well just shows you the insanity of this anarchy. What may have started out as a peaceful protest is turned into an accidental opportunity for thugs and criminals and looters and anarchist to create havoc and chaos to talk a Ronald Mcdonald House Community based all volunteer for families that have deep, deep trouble and stress from serious childhood illness it is just criminal and it is evil. It is pure evil. Jackie ed great to see you thank you so much for coming on this morning. Youre welcome. Jackie coming up on this show, fortnite plus driving up grocery bill what is costing you more during the pandemic we have that just ahead. Youre waving mornings live with maria on fox business. Thursday 2020 polling looking a lot like 2016, as we head towards the first debate. Karl rove break it is all down an Friday Market insider bringing word on wall street. And the insight you need to allocate. All right here on mornings with maria. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. 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Good morning, jackie. Jackie lets talk about easter brook situation we know that he was mcdonalds last november he did receive a compensation package now it looks like mcdonalds is saying look, it seems like there was more to the story that we didnt know and possibly that easter brook was complicit in trying to hide crucial evidence in getting to the bottom of things. Your thoughtings on where this goes from here easter brook, of course, through his attorney is denying it. Well this is an enormous embarrassment for mcdonalds. It is basically revealing that it conducted poor inadequate investigation of the easter brook before it began negotiations for a severance package. A severance package wasnt cheap it was 40 million. And now mcdonalds is saying they want the severance package resended. They want the moneys not all of it because they have to pay that over time but moneys they have paid him and perks that he have given him to be paid back because they say he lied and deceived during the negotiations for the severance package. And the package itself says if deception is uncovered at any time, that is a basis for resending package. So thats the case in a nutshell. The lawsuit is filed and Chancellor Court in delaware because thats where mcdonalds is incorporated. One little crazy footnote, under the terms of the severance package, any lawsuit brought against easterbrook for anything having to do with a tenure as ceo the legal bills are paid by mcdonalds. Jackie burden of proof is also on mcdonalds to show that easterbrook recovered that evidence or whatever the case maybe im wondering how difficult do you think that is . Well, mcdonalds says that it has witnesses who participated in sexual activities with him who are willing to testify. These are witnesses the existence of whom mcdonalds did not know about, and, obviously, the existence of whom were hidden from mcdonalds by easterbrook and his lawyers if lawyers even knew about it during the course of the negotiations. So yes youre quite right mcdonalds has to prove its case my opinion the case will be settled hell gi some money back theyll never be a trial on this. But trial would be enormously embarrassing to both sides and as i said mcdonalds because of the way the recession agreement is worded, and ends up paying legal piece for easterbrook as well as its own. Switch gear for a second for a legal battle thats raging right now a developer of fortnite suing apple and google these tech titans blocking popular game from their app stores and google play rpghtively. Apple and google unveiling a direct payment stham offers players discount to purchase items directly through the company. Skirting this 30 fee, so judge, were wondering if the lawsuit has merit here and does it speak to how much power these companies and their app stores have . Well, remember, the lawsuit is based on antitrust allegations, and antitrust allegations basically means a contractor combination an agreement, amongst two or more players in the industry that restraining interstate trade and hurts the customer. If amazons decision if Google Services are not hurting customer theyre actually helping the customer by getting the same product in the customers hands at less cost, then theres no antitrust violation, and then google is free to make the decisions that it made. So i dont see this case getting very far. Other than, just like the last one a lot of legal bills. Jackie lots of legal bills. Judge, great to see you as always thanks for coming on. Particular jackie, thank you. Jackie well talk to you soon coming up a lord of the rengs fantasy new airbnb listing making buzz this morning. Youre waving mornings with maria live on fox business. Stay here. R ould get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Jackie it is time for the morning buzz first up groceries are costing more. Beef chicken, fruit, and cereal are just some of the items said to be driving up bills at the Grocery Store during the pandemic. Mitch. Have you been paying more for these things im noticing that i am but im also spending less on other things. 100 i think listen, jackie americans are saving more and went new prices, 19th on the list was flower and prepared food which from february to june went up 4. 5 . When you first went to the supermarket lock down started you couldnt find baked goods items because real increase in prices is hit everybody is beef and veal up 22 and before, i think that increase in food prices is going to have an impact on consumers. Yeah absolutely, and next, of course, a lord of the rings fantasy spend the night in a hobbit inspired home in new york city took eight years to build this it goes for 500 a night. Im wondering jonathan if this is where youre planning your next vacation . You you know i have to say i dont know what rental market is like but if i can plan my next rental vacation i have to ask you roommate for something we have to split that difference and i would like to know if it came with a second breakfast at that kind of rate. 500 is just expensive flat out. Also no rings or tear for paying that kind of money. Yeah. Those pictures look pretty, pretty interestingening it would attack a special family or couple to want to stay in the hobbit house but, of course, well see how that goes on airbnb finally a golden sale. Golden girls house selling in just two weeks, and for a million bucks, over the asking price the house in california not actually in miami where the show is, you know, supposed to be centrally located. Going for 4 million leah wondering if youre surprised by price on that house actually it was only facade that was used in the show im not sure that it is the same interior. Definitely not the same interior checking out per. I think it is fascinating right i think that there was so much attention about this house. I shared it with a bunch of my goafs like maybe we should go on it together and live out our golden years i thought it was more of a fun conversation and not say you know what lets go pay for this house based on fact that facade was golden girl who is knows what appeals to people but definitely wasnt interior. Jackie 4 million sounds like a lot but i guess you know if these hollywood iconic items mean something to you, maybe worth spending on but im looking inside there looks like house actually needs a lot of work too so theyre going to have to invest a little bit also. All right, sir. Thanks guys. Still ahead hitting chinese pets a fox business exclusive with commerce secretary wilbur ross with the latest on how the u. S. Is taking on china. Next hour, on mornings with maria live on fox business. After my dvt blood clot. I wondered. Could another come around the corner . 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Whats around the corner could be your moment. Ask your doctor about eliquis. Jackie good morning everybody im Jackie Deangelis in for Maria Bartiromo today it is monday august 17th your top stories at 7 a. M. Eastern. The race for the white house, the Democratic National convention kicking off today. Virtually, and President Trump heading to wisconsin for a Campaign Blitz. What new polls are showing in battleground states. And the Postal Service is in focus, House Speakerna america cit riot overnight after portland and chicago were slammed by violence this weekend. The markets looking to start the week to the upside, futures edging higher you can see the dow indicated higher by 59 the nasdaq 68 and s p 500 by 10 this after markets finish changed on friday but the s p 500 still within striking distance of its record closing high. And later this hour exclusive interview with commerce secretary wilbur ross with a major announcement tied to china. You dont want to miss that. Retail, of course, in focus this week earnings expected from heavy hitters including walmart, home depot lowes and target and state of travel airports braceing for a whole new world of changes at checkin what you need to know before you head to the airport. And Mortgage Rates still at an all time low could they finally reach 0 were going to take a look at that. Mornings with march wra is live right now. Good morning everyone european markets looking a little bit higher this morning, the ftse higher by 3 and this is investors are keeping their focus on travel restrictions trade tensions, between the u. S. And china as well. In asia overneeght it was a little bit of a mixed bag, the shanghai was best performing index and closed for holiday. Japanese in focus contracting a record rate of 27. 8 between april and june this was brought on by weak spending also trade issues joining conversation all morning lee carter, Jonathon Madison and Mitch Rochelle great to see you guys. Meantime some of the top stories that were watching this morning include the Democratic National convention kicking off tonight is virtual for the first time ever. Cheryl casone has more. Cheryl thats right jackie, and this is a historic week that begins tonight. Democrats say that theyre going to focus night one on three major crises they say face the nation. The pandemic, the economy, and Racial Injustice. Now as virtual speeches from senator Bernie Sanders former Ohio Governor john kasich republican we should say ran for president has been critical of President Trump hes going to be speaking. The keynote speaker going to be former first lady michele bachmann. New National Poll is showing joe biden is holding 1 lead over President Trump right now in 15 key Battle Grounds states. Well violence overnight in seattle chaos in the downtown area rioters took to the streets for an antipolice rally several officers were injured in it. 18 people were arrested there. And coronavirus deaths in the United States now surpassing 170,000. New york city tribute of lights 9 11 memorial going to happen overall and andrew cuomo says state will provide support needed to set up the nighttime display and last canceled over coronavirus concerns but an uproar seem to have changed their mind. Well lightning and heat behind the cause of several new fires in southern california. Five are currently burning including lake fire which is still only 12 contained. High temperatures not helping the situation there. In death valley over the weekend the mercury reached 130 degrees that is the hottest temperature believed on earth in more than 100 years. Thats your headlines. Jackie. Jackie thanks so much cheryl. Meantime it is time for the word on wall street, a look at what top market experts are watching this morning as we kick off the week joining me now, er shares ceo joel schollman and markets head of research, Katherine Rooney lets start with you because cheryl, highlighted the key speaker at the dnc kicking off today a lot of star power there if you will. Im wondering what you think about markets will think about markets kicking off virtually and how different it will be with a bidenharris ticket right now. The wallthe wall street journag trade reverse briefing for a lot of volatility as we head into this election period. Well, the market now is more than a quarter attached to five stocks. So those five stocks which Technology Stocks i think are where the market is beginning to have its laserlike focus jackie and that is with regard to the potential for antitrust ownerrist Regulatory Burden that could come, that could be on for under bidenharris administration. One of the things im looking for is who will be treasury secretary and my bet is that it will be Elizabeth Warren if thats the case markets will not like that especially the banking sector. As well as in the Health Care Sector so these are things that i think the market is keenly interested especially with regard to tax in position. So the stocks that have moved the large lawsuit levels are vulnerable under the next administration. Jackie katherine now that harris is pcially on ticket you look at these markets not really reacting much kind of continuing on with the recovery after, you know, as were dealing with the coronavirus pandemic. Not really reacting to the choice there. And im wondering if you think that how long it takes before the markets start to look at some of the policies coming from the democratic ticket saying this can really have an impact here. Because these numbers are not reflecting that. The markets are remarkably resillient is you have to deal with combination of both what fundamentals tell you and what the scene can change over the course of the next year, and a massive backstop by a price insensitive buyer which is federal reserve. So if we get a drop in the market thats a big if. Under the next administration once we get these policy moves, and markets internalization of how detrimental they can be for Small Businesses and big businesses alike. We have to deal with the fed. So what point does the fed then decide that too much is too much of a selloff . It is already engaminged in the purchase of high yield bond what to deter fed from moving from high yield bond into u. S. Equities . Jackie it is a good point but i want to focus in and look at the futures with a slight gain on our hands as were getting ready for trade session eyeing retail earnings set for this week walmart home depot all reporting their results this is coming after july retail spending numbers showed that american shopping rose higher than prepandemic levels. So im wongd whearg you think the bar was lowered for these Retail Companies if numbers are not necessarily great but the good news is that consumer is back out there and that is really what is going to drive this recovery Going Forward in. Well as your viewers know were at record levels across the board s p is still, you know, hasnt broken through. But were seeing a lot of movement not only u. S. Market in small cap but they went up a lot 10. 5 last month but moving offshore 2. 9 million move last week that follows 2 billion before that so were seeing big move to offshore 2. 5 of 2. 47 up last week. And the nonu. S. Markets up, and nonu. S. Small caps were especially bullish on those. They were up almost 9 last month just a little bit behind u. S. One cap so we believe u. S. Small caps and we believe nonu. S. Particularly nonu. S. Small caps really be strong. And we see this news continuing to push through to probably to november. Jackie if you add new capital to put to work and youre looking at this market you know technology has been on fire. You know, that necessarily where you go nonu. S. Stock Small Cap Stock journal writing cyclicals starting to take off that shows the rally taking place here. Which is important when you really think of a recovery in the scheme of things. Right weve seen this before by the way. Weve seen cyclicals you have them on and thought going to value lasted for ab week and went right back so we think, we realize last week was a strong week for the cyclicals. Bus weve seen this before. I believe some of the attack longterm still a good play for investors and we really see were seeing flows you know in a big way going offshore and particularly nonu. S. Small cap. Thats where we put on small cap u. S. And nonu. S. Small cap offshore. Jackie well it is those small caps industrials we saw them surging so far this august. Wall street journal saying that the investors are seeing this. You know, as the breath that i mention that range is widening after months of dominance by Big Tech Companies amazon, google, facebook, the like, joaning us is washington cross advisor Market Strategist Portfolio Manager kevin, kevin great to see you i want to teat your take on markets as investors are setting up for this monday so much going on. Were waving coronavirus, the recovery, vaccines, were watching the dnc kicking off tonight and what is most pornghts thing and where would you be allocating capitol . Most important thing is that markets sent sentiment and good feeling that market has been enjoying last couple of months continues and begins to spill over into real economic data. So since march, weve seen a tremendous impouring of stimulus money into the economy just about exactly offsetting the decline weve seen in private sector. But then beyond that weve also seen tremendous support by central bank and getting traditional support globally by bank of china for example. So this has been very nice. Itit has been nice to see hold n with reasonably levels fund by cheap money but now has to accelerate the broader economy where we would expect to see leadership broaden out away from groups like technology, and really some safe assets like gold and longterm treasury bonds, for example have simultaneously rallied along with technology. Which is kind of an interesting trade but that trade has to break one way or the other either things truly get better. Or those insurance assets like gold and treasuries are going to become more, more desirable market participants. All right joel schollman kevin thank you so much guys. Coming up, new york congressman tom reid on house speak or nancy pelosi calling lawmakers back to washington. Over the Postal Service, plus a fox business exclusive with commerce secretary wilbur ross with the the latest on how the United States is taking on china. Covid19, of course, changing air travel, airports bracing for new safety measures. Then, in the 8 00 hour House Minority whip Steve Scalise on how battle over the Postal Service. Former connecticut senator and Vice President ial candidate Joe Lieberman previewing the Democratic National convention which is kicking off tonight. Trump 2020 president ial Campaign National press secretary hogan gidley on President Trumps Campaign Blitz as he heads to wisconsin. 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Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old jackie return from recess house speak or nancy pelosi calling lawmakers back to washington to address u. S. Postal service cuts. Ahead of the november election, including removing mailboxes and sorting machines around Country White House chief of staff mark med dose signaling yesterday that President Trump would be willing to sign a bill supporting the usgs as long as stimulus check and ppp funding are included as well. Joining me now new york congressman cochair tom reid, good morning great to see you. Good to be with you thanks for having me on. Jackie lets go ahead and start with Postal Service and nancy pelosi calling everybody back to make sure the service could be funded. The democrats making a real push here to see if mailin ballots can, you know, go off without a hitch for this election why hes got the president hes got 100 different fears that hes dealing with on his plate right now. And stimulus is first and foremost, theyre saying that, you know, hes purposely trying to sabotage the post office. Your thoughts . Thats ridiculous. This isnt about democrats in the post office. This is about recognizing with universal mailin thats dichght than absentee ballots trying to mix the two together. When you talk about universal ballot that means everybody they intend to have everyone get a ballot in america regardless if they request one or not that is a only next to impossible given the nature of how many ballots were talking about and so theres a real problem there. And so when we go back this weekend i hope we dont just focus on the post office. The American People are suffering, and it is about time to put American People interest first and get a deal done for them. Jackie you bring up a great point stoirp of a stimulus stalemate right now as this post office goes on. Bipartisan house lawmakers are speaking with white house chief of staff mark med dose discussing moving forward with coronavirus aid and talks with despite some of the setbacks that weve seen a potential deal could be weeks away. You were on that call with meadows, your reaction to this as nancy pelosi is saying lets get the house back to vote on, you know, on the paves post office but not worried about americans that are suffering right now that need those stimulus checks. Thats what is so difficult when you dont put it to American People first and you worry about politics, as your priority, thats whats happening thats why im proud of the Problem Solver caucus numbers that organically reached out when the deal broke down and said were not going accept this. And so we work behind the scenes and we reached out in the white house reached out to us when they heard we were talking bipartisan fashion, and we were able to set up communications with the white house. Those communications continue today and continue to use our relationships based on trust, exchanging substantive information and get it done for American People because thats who we work for and dont work to win election we work for American People. Lee. Jump in. I think it is really important because whichever party ends up being considered to be on side of American People getting economy going is ultimately going to again this election and most important issue is, our economic safety right now people going back to work. On the other hand i know there are a lot of people who are concerned about how theyre gong to vote in november. Voter enthusiasm all time high and many people are afraid to go to polls. So how do you address that and how do you respond to them because i think it is important issue that we cant defend. Thats why ive always been supportive of the post office, and recognizing that covid19 requires us to recognize that people have a fear and rightfully so of the virus. So they have to have access to the ability to vote not only in person but also by mail and other tools that are available to people in the individual states. And so making sure that post office has the necessary resources and thats why talking to mark meadow other folks you heard over the weekend that commentary about making sure the post office has resources to handle those votes that want to use absentee ballots and those tools, have access to them. Thats appropriate conversation. But idea that were going run our entire election regardless if you request the ballot or not if you get a ballot delivered to you regardless if you ask for one or not thats where ballots is all about that is where the potential flaw and abuses and American People figure that out, and they get educated on it. They will have that concern that we have about making sure that if youre geng to abuse the system, and use those ballots that are floating around unrecorded, that you go to jail if you are breaking election laws and that is counterbalance to where this needs to go financial. Congressman we have to leave it there thank you so much for your time this morning. Thanks for having me on well get through this. Jackie we will get through it as a country thank you. Coming up, steve bannon next on what President Trump needs to do to win in november. Plus coronavirus is changing air travel so airports bracing for new safety measures. 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Jackie count down to november, Maria Bartiromo speaking with former white house chief strategist steve bannon on sunday morning futures yesterday. Asking them about bidenharris ticket and what their economic priorities look like. Listen. One of those policies is higher taxes wall street journal writes under biden tax increases a married couple filing jointly shows 78,000 dollars or ordinary income their kurnlgt marginal rate 12 when tax cut expire marginal rate under biden would double to 25 this is just a couple violent 28,000 in ordinary income what are where are thoughtings on bidens choice of Kamala Harris and real we can, isnt that interesting that john kasich is kick off dny john kasich. This shows you that never trump crowd and hes a quizling. Everything hes stood for his life and gave hem hes going to stand up there on monday night and basksly throw it all away. Okay because these policies are so radical. The globalization projects are so radical by these democrats now undergirding so now i think that biden picked perfect candidate for him so juxtapose to what President Trump stangdz for and harris is perfect running mate for him now because he can show globalization and with biden you dont have a you have a beijing candidate. Victory right here for President Trump i think is very specific. It goes right through beijing. You hold them accountable for pandemic and accountable for all of the death you start to confront the Chinese Communist party everywhere and technology, economic what theyre doing you start to bring back the supply chain. High value added manufacturing jobs, that is the path of victory. Joe biden is in cahoots hes compromised by beijing and compromised by the Party Senator harris is a cipher on this and theyre not able to combat that. A lot to unpack there jonathon i want to go straight to you start with the tax portion of you know were not talking ab huge salary maria was talking about there. Yet were talking about a doubling in taxes. Do people really understand what the bidenharris ticket myc policies would look like and how it is going to impact them, you know, their pocketbook . I dont think they understand. But it is only a matter of too many and you know from what ive been reading youre getting tremendous amounts of pressure from the left who are to adopt policies like medicare for all and new green deal which would include taxes substantially were talking corporate taxes, cabal gain and strategically i think all president needs to do to win is to stress the economy and remind people about the 2017 legendary tax cuts he made for all working americans were talking about americans at the lower end of the socioeconomic spectrum as well. So i think in all, in all situation here, it is geng to come down to the president reminding people that in contrast to the far lefts plan for the economy, that even the current policy is that biden has in mind right now in contrast to his, and the president had a 3. 5 Unemployment Rate in september, 2019 lowest in 50 years i think if he contrast that the American People will wake up and start to understand. Lee messaging on the left with the dnc bannon pointed out is sort of a message of globalization whereas the Trump Administration is going to focus on its economic policies which prepandemic were doing pretty well. And we do have a view what looks to be like vvape recovery on our hands right now and leading into election. It seems leak with respect to economic matters the president is very well positioned. Theres no question about it. It is one area that he polls the best and i think that when you lock at polls right now, and theres a lot of, you know, debaten how accurate polls is would you but one thing we know for sure 33 know biden and his polling is based on twothirds reason they support joe biden because hes against donald trump. So for that to happen now is joe biden has to make case on what does joe biden look like . Is it about globalization and just seeing better than trump i dont think being better than trump is enough to win. And if trump is able to make the case for his economy hes the one thats going to put American People and hes for American People many this moment. Hes the one thats going win in november and a big surprise to the democrats because i think many of them cant imagine that trump would win again. I also think that we have to look at the convention this week to see how much time spent reacting to donald trump and that will tell you who is winning by one who is acting not reacting. Jackie guys thank you we have to leave it there but coming up on the show a fox business exclusionive with commerce secretary wilbur ross with the latest on how the u. S. Is taking on china. Plus ford is rolling on. The automaker weathering covid19 pandemic. We are taking a look at what is new there. Youre watching mornings with maria live on fox business. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. That paved the way. Find their stories. Make them count. At ancestry. Jackie welcome back im Jackie Deangelis in for Maria Bartiromo today it is monday august 17th, a look at the markets at 7 30 a. M. Eastern time were seeing dow indicated higher. The futures are edging higher there by 73 points, nasdaq by 73 as well and s p 500 by 11. Now this after markets were a little changed on friday. The s p 500, though, still less than half of one percent away from its all time record high. European markets are higher across the board as well. The ftse higher by 37 points cac up by 6 and dax up by 32 and investors are keeping their focus on travel restrictions. And also u. S. China trade tensions. In asia overnight it was a bit of a mixed story the shanghai was best performing index, closed for a holiday, and the focus has been also on the japanese economy contracting a record rate of 27. 8 between prel and june. This was third by weak spending, of course, traitd issues also. But a dip in travel is prompting new round of job cuts Cheryl Casone has details on that. Cheryl. Cheryl going to close its aircraft sector in georgia by middle of next year at least 280 people are going to be out a job that amid a slowdown in Global Travel due to coronavirus pandemic. The factory produces jet engine disk and other parts for the british company. Well, autozone is hiring 20,000 workers nationwide as it tries to keep up with the demanding from retail and commercial Customer Company says opens for part Sales Manager and Sales Associates at stores in all 50 states. And watch out apple watch out zoom. Messaging app telegram is launching a Video Calling Service with end to end encryptions this allows using to use a new service also version of the feature are above iphone and android apps taking a look at apple and zoom and premarket both stocks are slightly highser jackie. Jackie Cheryl Casone thank you taking on huawei debate in a fox business exclues eve this morning Commerce Department announcing that further restricting chinese tell come giants from access to u. S. Technology it is adding 38 nonu. S. Huawei affiliates to the entity list and imposing license requirements on any export transaction that falls under the Commerce Departments jurisdiction. Joining me now in a fox business exclusive commerce secretary wilbur ross secretary, good morning. Lets talk a little bit first about about this new announcement how it is helping us protect National Security by being tougher on huawei. Well, on may 20th, we issued an order that prevented American Technology from being used in huawei design ships that led them to do some evasive measures they were going through third parties. They were doing things like of having People Incorporated into other products. Zoom rule makes it clear that any use of American Software or American Fabrication equipment to produce things through huawei is banned and requires a license. So its really a question of closing loopholes to prevent a bad actor from access to u. S. Technology even as they try to do it in a very indirect very tricky manner. Jackie and president and administration including yourself have made no bones about taking a very tough stance on china this was as we were negotiating that phase one trade deal. But there are trade talks that are pausing at the moment. U. S. And chinese officials postponing a meeting to discuss progress on that phase one trade deal reports on a delay site scheduling conflict as well as allowing more time for chinese purchase of export reports last week indicate that chinese officials aim to address administration movement on Tech Companies like ticktock, and we chat as well. Secretary, is there a date on the books for another meeting soon or have these talks, you know, stalled amid all of the issues that were dealing with with china right now . Well, theres a lot of conversation at various levels all of the time. So it is correct that the chinese have lately been buying very large amount of agriculture thats a very good thing, were very eager of that continue. What action were taking on huawei is a trade enforcement an export control enforcement action. Its not really directly related to the trade talks. Jackie the president , of course, taking more action against chinese tech giants President Trump indicating on saturday that he would be willing to put pressure on more Chinese Companies including ecommerce giant alley after made moves to ban ticktock and we chat from United States im wondering does Commerce Department have any plans to further restrict alibaba at this time . Well, right now we are operating under the president s executive order which gives us another few weeks to figure out exactly what it is that ticktock will be banned from doing in the event that they dont sell the company to microsoft or another american producer. So were very busy with that. Theres been no formal proceeding of this moment against alibaba theres really nothing we can comment on that score. Jackie i want to bring the conversation back to some of these restrictions on huawei and also, you know, the president s taking on china and general. And really addressing the issue that we have with 5g and their development you know saying that the United States should be making more progress in this area. But it is about band width freeing up when it comes to military operations to make that possible to pave that way. How do you think thats going to look as we head into the end of the year . Well it is the case that u. S. Has devoted more bandwidth already to 5g than any other country. And theres some further auctions playing by the federal communications commission. So we will definitely not be short of bandwidth. Some parts of the band are very good for Rapid Transmission of limited advance data. Others are good for a little bit slower transmission of vast amounts. So bandwidth is not an undifferentiated mask different parts of it that are particularly good and particularly different segments of 5g but 5g is the target of the new rules that we have put into effect and those rules will level Playing Field so that theres no disadvantage for American Software or equipment people relative to the foreigners. Everybody will be on a level Playing Field. Everybody will be restricted. Jackie and thats the key here right symmetry in the rules so that everybody is playing by the same rulebook and thats the problem that weve had with china for so long. This is the first president to say, im going actually do something about it. And he is secretary. Well thats right. The chinese have been spoiled for decades by American Administration that really took no action. Everyone knew what was going on. Everybody talked about doing something. Only President Trump has acted decisively. Thats true not just with washington with huawei but true with trade in general and trade both with china trade with other parties. Its true with a relationship of European Countries to nato. The president is curing lots and lots of leftover problems that really should have been dealt with in earlier times. And it would have been easier to deal with them earlier. Once the country has been allowed to run a muck for years and years and years, a lot harder for us to fix it now. But weve been doing very systemically one piece by one piece, and we will continue to do so. Jackie secretary wilbur ross thank you so much. Thank you for jr. Service. Great to see you this morning. Thank you jackie good to be on with you. Jackie coming up on the program ford is rolling on the car maker weathering the covid19 crisis. Were going take a look at that next. Plus coronavirus changing air travel airports bracing for new safety measures. You are watching mornings with maria live on fox business. This week on mornings with maria, tomorrow, Kamala Harris joins the ticket sanders down in brazil on impact of joe bidens vp choice. Wednesday dr. Mike is here with nearly everyday tips to keep your family safe from the coronavirus. Thursday 2020 polling looking a lot like 2016. As we head towards the first debate karl rove break it is all down. Friday a market insider bringing word on wall street, and insight you immediate to allocate your. All right here on mornings with maria. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . Fbefore money, peopley, gtools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Expwhreak jackie welcome back ford unveiling two new products in last 30 days including updated version of the most popular car on the road, the f150 as well as that iconic ford bronco joining us now from outside the new York Stocks Exchange in a first on fox interview ford chief financial officer, tim stone. Wonderful to have you with us this morning. Good morning im wondering how important two new releases are to ford brand and vision Going Forward. Very important before i want to say were appropriately socially distance as we have taken off our mask and proud weve navigated this crisis and done so safely bringing it online and taking care of our communities. Were well positioned to deliver for customers as you said for the upcoming launches that would have of our f150 and mustang all electric vehicle as well as the bronco family. Bronco sport, two door and fourdoor, and these are fantastic new vehicles. We look forward to introducing the customers. Tim im wondering what kind of demand youre not seeing just for bronco but for vehicles in general because you have the pandemic slow sales down, right people were say staying home not traveling didnt know what was going to happen but now as country starts to reopen youve also got people saying, im scared to ride public transportation. I dont necessarily want to do it i want to drive, and so im wondering if that translates into car sales. Well i think youre starting to see that and demand were cautious optimistic we think about customers buying new vehicle and book their own single car ownership. And i think there could be an opportunity for us ahead were well positioned for it. Not only with new f150 and entire portfolio been investing in our product and resigning how we deliver with Human Center Design and were really excited for what toff to offer our customer as they come back to vehicles. Most capable suv ever and you three versions to launch in spring of 2020 first is bronco support and two door and four door that midversion just a thousand dollars more than the Jeep Wrangler i think is very interesting because it was looked at as a moderately priced vehicle. So you are really competing in that space with something special. We are. Were providing great value for customers we also have best in class ground clearance. We have a safari style roof experience customers will find very compelling as i said a great value launching bronco sport this year into the fourth quarter. And then two door and four door come out in spring. Thus far had over 165,000 reservations from customers, in fact, surpass almost optimistic expectations. As a result were now working with a our supply base and manufacturing teams to try to build more find more capacity to deliver even more vehicles for customers thats well received. Jackie tim stone thank you good luck with it all great to see you this morning. Thank you very much. Jackie well talk to use soon coronavirus changing airports bracing for new safety measures. Youre watching mornings with maria live on fox business. Hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Jackie flying safe airports putting new screening practices in place to lure travelers back amid the coronavirus pandemic christina at Newark International airport with more on details on what people will face when theyre trying to check in. Christina, good morning. Good morning jackie a Tech Revolution already in play in aviation space before the pandemic. But now airports are desperate to get travelers back here. Take a look at this International Airport it is completely empty theres not one booth open at the moment and covid19 has fought urgency to race to make air travel safer completely contactless checkin. Medical screenings that all could become new norm. But hong kong International Airport is taking it up a notch with full body disinfecting stalls. You step into the booth, you get sprayed with an antimicrobial spray all done in 40 seconds so you can be on your way. And then youve got dubai International Airport with biometric camera, thermal cameras but just invested in k9s those are dogs that are being used to detect the coronavirus according to the airport. Theyve done already 400 tests, and the accuracy rate of the dogs is about 91 so whether it is robot cleaning floors in pittsburgh were or ppe vending machines in lax, youve got i spoke to chairman of Port Authority says were not going back to prepandemic travel. So that we have little contact Going Forward regardless of whether the Covid Vaccine is out there or not this is a new reform are here to stay. We know that we were airports are already testing and using a lot of contactless options here. Like this kiosk for example but taking it up a not is biometric to be used you dont have to touch a screen and scanning your face and become your passport you dont have to touch bag dropoff and leave your bag there and dont talk to incline and same request gates so theres one pro out of all of this less lines. Fingers crossed for that. Jackie amazing stuff there christina. Cure dwrows get your reaction here even before the pandemic we saw less bodies in the airport helping us do things it wasnt for germ purposes per se. It is for streamlining cost now seeing this facial recognition to check in or stepping in hong kong into that sanitization booth it is really remarkable. Amazing when use think about that innovation that is happened since the pandemic. Weve accelerated change and pace that is unprecedented and it is extraordinary. I think these measure are going to be very, very important to travelers to start getting back. And extent that in every and so many clients to come back to work get comfortable to go back and do what they did before these measures theyre talking about less interactions theyre talking about measures to keep you safe. Youre talking about antimicrobial spraying youre thinking about taking people temperatures all of those things to make people feel like theyre safer in the moment and could be very, very important that airline together get behind this and moving forward. I think you know, Port Authority goes right it is absolutely no question about it. That we are not going to go back to way things were. Real quick mitch in last 30 seconds wondering if you think that people are going say you know what theyre making it safer it is okay now im going to go get on a plane. Im not there yet. First of all i think people do want to travel. People definitely want a vacation but air travelers are resilient ive traveled my entire career i remember when we used to show up an airport ten minutes before flight was going to leaven now rule changed and now responded to it. I think travelers will put up with it. I think they will. Jackie all right still ahead guys weighing yourself before you eat chinese restaurants taking some heat for shaming patrons. Next hour on mornings with maria, live on fox business. Stay with us. Ng. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Jackie good morning. Im Jackie Deangelis for Maria Bartiromo. Today it is monday, august 17 top stories 8 00 a. M. Eastern time. The race for the white house, the Democratic National convention kicking off virtually President Trump to wisconsin for a campaign politicizes as well polls are showing a pietening gap in Battle Ground states, trump 2020 pain National Press secretary gidley is here with the very latest, plus the Postal Service in focus House Speaker nancy pelosi forcing lawmakers back to washington, to address what she calsabotage. Steve scalise joins me to skwhus and if a compromise can be reached. Seattle a right after portland chicago slammed by violence, this weekend. Markets are looking to start the week, being to upside futures indicating a higher open here, the dow up by 59 nasdaq by 70, s p 500, by 10, this after markets finished little changed friday remember s p 500 still within strike being distance of record closing high retail, of course, in focus this week earnings expected from heavy hitters walmart home depot lowes target as well. And weve got a heat wave brutal he temperatures threatening the power grid in california, Mortgage Rates alltime low could they finally reach zero percent we are going to look at that, mornings with maria is live right now. Jackie good morning, everyone. European market looking higher this morning, ftse up 36 cac quarante changing up by 5 dax up by 28 points this as investors are keeping their focus on some travel restrictions around the global u. S. China trade sepgs in asia overnight a little bit of a mixed story shanghai best kospi closed for holiday japanese economy roared raet between april and june spurred by weak spending trade sanctions, joining the conversation all morning long lee carter jonathan, Mitch Roschelle great to have you first i want to get so top stories we are watching this morning, dnc Democratic National convention kicking off tonight virtual for the first time ever, Cheryl Casone have a has more on that. Cheryl historic jackie the theme we, the people going to focus on the pandemic the economy, and Racial Injustice virtual speeches from senator Bernie Sanders former hae Governor John Kasich 2016 republican candidate for president , now critical of President Trump, keynote speaker former First Lady Michelle Obama, National Poll shows joe biden holding only one percent lead over President Trump in 15 key battleground states as of now chaos in seattle several officers injured as rioters staged antipolice rally 18 people arrested there. Then no sign of relief lightning heat sparking new fires in southern california. Five currently burning lake fire still only 12 contained high temperatures not helping the situation there, death valley mercury reached 130 degrees that is hottestor believed on earth in more than 100 years. Jackie thank you so much, President Trump youring] robert died over the weekend, blake burman has latest from washington. Reporter a tough weekend for President Trump on saturday evening announced loss of his younger Brother Robert, writing in part in a statement the following, saying quote, that of this heart i share my wonderful Brother Robert peacefully passed away tonight not just my brother he was my best friend he will be grailt greatly missed. Joe biden wrote mr. President jill and i sad to learn of your younger Brother Roberts passing i know tremendous pain losing a loved one i know how important female is in moments like these i know you know prayers are with you all as for president , he will leave the white house couple hours from now this morning head to two battleground states wisconsin and minnesota, there jackie insulated to talk about the economy. Back to you. Thank you so much a lot to watch for the battle over funding the post office one of the top issues nancy pelosi calling on lawmakers to washington to address Postal Service cuts ahead of election including moving mailboxes meadows signaling yesterday President Trump would be willing to sign a bill supporting usps as long stimulus checks ppp funding are included louisiana congressman House Minority whip Steve Scalise great to have you with you good morning. Good to be with you jackie. Let me start with issue of the Postal Service the president making clear not trying to sabotacomi. E but worried about the expiration of extra benefits americans getting stimulus into pockets, now seems like nancy pelosi is willing to say, the house should come back to work, and vote on post office but no mention of the stimulus. Interesting, how the speaker has been trying to literally hold hostages for females, businesses wont bring house back if for that but when it comes to continuing desire to get and not talking about enough money to Keep Post Office running revenues have been up since pained pandemic,the total budget that amount for entire year you know she has been trying to make a mon grab for a long time before covid just once again trying to take advantage of the prices, did post office is delivering mail if every american voted by mail would it represent maybe two percent increase over what they did just in june of this year, so, ares this isnt about what happened post office can deliver mail that is going to be taken care of regardless regardless it is unanimous trying to grab money leveraging Holding Families hostages businesses hostage during this pandemic. Part is about the mailin ballots, and with universally collecting that way administration has been very against it they look to pass elections bring up instances where he weve seen voter fraud as a result of it youve had so many people say there should be a mailin option for those people who need it as weve seen, but we are opening up the economy, people are getting back out, across the country why cant they go into a voting booth to vote . And to sanitize hands wear a mask what is the big deal . This is really a fabricated crisis by speaker we had elections in louisiana this weekend i went voted in person on saturday, it was smooth process sanitizer, a mask on, no issues at all with voting in earn , however somebody wants to vote by mail that is always been an option, every state does it a little bit differently, but what Speaker Pelosi has been trying to do long before pandemic is mandate that every Single Person on voting rules gets a ballot mailed as we know no state has one hundred percent accurate voting rolls so if you have millions of ballots out there, who knows where and houses might be registered illegally they get ballots that is not safe not going to protect integrity of people voting legally, so why dont we make sure the preworks properly, not mailing ballots to everybody on rolls even people illegally on rolls would be ludicrous. We are also watching Democratic National convention kicking off in milwaukee first time weve seen anything like this joe biden set to appear from home, in delaware President Trump meantime is actually heading to wisconsin, in the flesh launching a campaign a little bit in battleground states battling for jen z vote, sanders a speaker tonight youve got Michelle Obama later in the lineup, later doctoring the week youve got aoc what message are democrats going to dri home throughout the convention is it bernie aoc Elizabeth Warren . You regardless of what that message is going to be on tv, what the message has been, behind closed doors Bernie Sanders taken over the idea thought process for the party literally leader with aoc leading charge on Energy Policy where they want to wreck Energy Economy move us to socialist left positionings not where america is whether they admit the bills they filed Kamala Harris xo sponsorship of medicare for all gets rid of private Health Insurance that is Bernie Sanders bill v. P. Pick literally a cosporps get rid of private Health Insurance put in 180 million americans on medicare has solvency problems we need to fix they are moving further left President Trump is trying to rebuild this economy, and get families back to work, and in a safe way, and also by the way, President Trump is working, with operation warp speed finding a vaccine for covid working hard glad going to wisconsin shared his message they are trying to take this country to socialist left. Congressman jonathan is going to jump in. Yeah so, you know, i think there is a tremendous amount of pressure coming from the left, and that is where you are going to see at convention i am in california, you have congresswoman barbara lee, leading this Progressive Agenda so, going to hear from speakers like Bernie Sanders like you said congressman, pushing medicare for all the Green New Deal, going to keep on pushing it until biden, and kamala accept it i think eventually going to happen, because you are going to have that hard energy coming from left i think he only matter of time before you see that agenda being pushed, i think the American People are going to see that coming. Keep in mind you have top of the hour the reports of the violence attacks on police in seattle, joe biden has embraced Defund Police movement saying willing to reallocate money away from police trying to play word games with it reallocating money away from police is Defunding Police youve got joe biden on record saying he sports that, of course, we have seen kamala support that as well again, the country want to move to socialist left Defund Police turn country into seattle i dont think that is where we are as nation that is what this debate ultimately is about that is why joe biden needs to fulfill his promise a part of all three debates with President Trump. Great to see you. Always great to be with you. Steve scalise former connecticut senator president ial candidate Joe Lieberman previewing the Democratic National convention for us trump 2020 president ial Campaign National press secretary hogan gidley on President Trumps Campaign Blitz heading to battleground states how low can they go talking about low morning rates if they go to zero mornings with maria live on fox business. 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. Deangelis. Jackie welcome back tensions middle east iran issuing criticism of the prohibitive peace deal between israel and United Arab Emirates. President calling a deal huge mistake betrayal of the palestinian people, President Trump threatening snapback sanctions against iran despite u. N. Objections Maria Bartiromo speaking with sr. , white house advisory Jared Kushner on sunday morning futures yesterday about the importance of this agreement listen hp. United Arab Emirates felt betrayed by america with past Administration Iran deal was a terrible betrayal of the region and American Leadership in the region had really pulled back if you think about americas he Foreign Policy interests in middle east previously,there was energy, and under President Trump leadership america is Energy Independent as crunch reduced our dependence on middle east which is critical americans dont want to have mouch war there in past administrations lost trillions of dollars, and too many soldiers in the middle east, and bringing people together creating peace like President Trump was able to do here, greatly reduces our need to have troops in the region. Jackie joining me now former connecticut senator democratic violental candidate united against nuclear iran chairman Joe Lieberman good morning. Great to be with you good morning. Start with historic agreement, i am wondering if relations improving between israel and uae paves the way for the region to get onboard would be so significant when you look at the stability and also what were looking at in a Global Landscape as well. Yeah, absolutely agree this is a very significant and historic agreement the First Agreement between israel and one of the arab nations since israeli jordanian agreement 1994 first ever with engulf arab nation in a world full of a lot of bad news the virus chinese, challenging us all the rest, this is really a step forward and i give all you will the leaders credit including President Trump, and Prime Minister netanyahu i must say mohamed, the leader United Arab Emirates really had vision and courage to step up change reality, i think other gulf arab kinds will follow that is good is for stability in the region certain got a for United States, are because the gula arab countries israel are allies, and iran is our enemy they are hostile to us. So as long as we are together, that is why iranians are can he squealing so much because they are hurtinging they are on the ropes. Lets talk about that a second i want to turn attention there you had president asserting maximum prosper campaign against iran first ones like you said to turn nose up at this agreement you have incidence last week with oil tanker in the seizeure from oil there i wonder if they are usual silent calculating retaliation always danger with that government. Yeah also a is danger, but honestly they are in a weaker, weaker position President Trump campaign maximum economic pressure on iran has really worked, very enemy in shambles hit by coronavirus, are and reaction of their government has been miserable so a lot of illness in the country a lot of opposition within the country. To the administration. And so aggression adventurism outside in countries like lebanon, iraq has turned against them, you know, they make a lot of noise, and i worry about them because they do threaten america and our allies in the middle east israel the gula arab countries we are so much stronger than they are thanks to a lot of events, and leadership of the Trump Administration, weve got the government of republic of iran on the run should keep them running until they collapse. Key speaker this evening Bernie Sanders former First Lady Michelle Obama sanders expected to call for Progressive Agenda joe biden, of course, to give acceptance speech their night senator i am wondering you were the democratic Vice President ial nominee in 20 dow what the messaging will be. We are totally prndz in press denned waters started 1831, this is never had a National Convention this week democrat next week republicans, and time of pandemic so going to be very wont be surprises i hope people watch and, keep the big, conventions were choice this is the moment when a National Political party in u. S. Says what it is about, since 2000 al gore gave me a chance to run as Vice President , after 8 easiyears of bill clinton centrist Democratic Party the party moved left the challenge to send a message Inclusive Party not leftist party the if that is the message that comes out democrats have to fight much harder probably dont get as many votes as they want, independence, for around the country an important week i hope people watch. Jackie we will be watching he closely watching poll you numbers as well narrowing, thank you for your time this morning well be right back. Liberty mutual customizes your Car Insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. Jackie gambling at home the only gaming industry seeing is a boom up more than 250 , over past three mince more gamblers are staying home, the rush towards online gam buyin pushing changes caesars cmg to invest more in only efforts, mitch i am wondering what you ti about trend here to stay or easier he to gamble from home whether a pandemic or not . Interesting thing jackie i i am trying to figure out what people he been comambling on havent had sports until Major League Baseball came back basketball came walk one thing not gambling is investing in stock market, i am starting to see, more and more people sort of day trading pivoting away whether or not just gamblers like to gamble will use whatever venue they can pick any event they can i do think they want o to get back to some point soon. Addiction, right going to do from home as soon as they can get back in there in vegas whatever they are going to want to go. No question want to go back when they can but in this moment i think people looking for things to do different ways to engage, entertaining, and i think important moment for people to be looking at innovations seeing how they can deliver experience looking for from home because going to be a while i think before people are comfortable going back. Thank you for that coming up on show President Trump is on the road, the president Campaign Blitz heads to wisconsin a key he battleground state we are taking a look at that plus the Housing Market kicking off how extremely low Mortgage Rates are affecting housing you are watching mornings with maria live on fox business. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. vo elevate your senses. The audi a6. Get exceptional offers at your local audi dealer. Jackie welcome back i am Jackie Deangelis for Maria Bartiromo. Of this morning, monday, august 17th lets look at market 8 30 a. M. Eastern time, futures are edging higher are dow 64point gain nasdaq up 84 s p futures 11point swing upside s p 500 less than half of one percent away from alltime record high. So watch that, european markets higher across the board as well, the ftse again 36 contact up 7 dax up 30 points investors focusing on travel restrictions u. S. China trade sanctions in asia overnight, it was a bit of a mixed story shanghai best kospi closed for a holiday, the japanese economy in have focusing 28. 7 between april and june spurred by weak spending trade. A hiring spree amid coronavirus pandemic, Cheryl Casone has details there. Cheryl that is right jackie Dominos Pizza going to hire 20,000 new workers nationwide assistant managers pizza makers Consumer Service represents dominos opening new locations, as existing Stores Remain really busy during pandemic, pizza for a second, say it isnt so pizza places reporting low pepperoni supplies sometimes twice as expensive to buy pepperoni pork processors had to scale back on workers, the Washington Football Team making history this morning, they made jason White National Football League First Black Team president youngest in the league 38 years old played seven years in nfl as running back for San Francisco atlanta cleveland, arizona congratulations to him. Jackie. Jackie thank you so much cheryl that pepperoni shortage definitely has me nervous great to see you race for white house in 2020, President Trump launching a campaign you blitz in at about comround states a stop in wisconsin the dnc kicking off first ever virtually convention tonight in this milwaukee battling for genz vote joining me hogan gidley good morning. Thanks for having me one i do appreciate it. Lets jump into it with your thoughts on what were going to see tonight joe biden staying in delaware the president going to wisconsin hills, to make a visit in the flesh, weve got a Virtual Convention kicking off here, how do you think this is going to play i the challenges might be there also what is crucial in the messaging . Next three days. So interesting, because the president is going across this country to deliver his message directly to American People, what is great about that is the democrats hate it because, when he is able to do that without the filter of the Mainstream Media it resonates forgotten men and women of this country, realize they have been forgotten no more, remember this president built greatest economy 24 country has ever seen, he is in middle of doing it again, so he is going to hit the road go to wisconsin, go to minnesota go to pennsylvania go to arizona to remind i people where we were, during the economic hardships of the biden communication, when jobs were fleeing this country 60,000 manufacturing plants closed, not to mention the fact, that 850,000 jobs left because of joe bidens position on nasa alone the president came in remade all those trade deals to protect the american worker. The middle class not getting kicked in the teeth anymore. Successful under donald trump going to remind American People how successful they were, just how high we can get, with his leadership for another four more years. Jonathan jump in. President wise to go to swing states especially wisconsin, four years ago to this day probably around, the same state system isnt broken i say dont fix it worked in 2016 if you look at only polling data you say well biden is up, you may have a deja vu moment, very much like 2016, you wake up trump becomes president once again. So i think it is wrong to just focus on polls, if you look at what he did strategically connecting with voters comes to economy mil class voters bluecollar workers wisconsin hae, you are going to see president come out on top. Will the. Have lee . Yeah i think one of the things that i really focused on right now is back in 2016 president spent most time talking about making America Great five things going to do for this country now very different race right . I think the question is and polls are, you know, are are up and down showing different thing when seeing right now people are very concerned, about the economy, the president did very well also concerned about physical safety so doing very well on policing issues but not as well handling of covid really, really important to American People. Why do you think he gets out right now how is going to handle covid differently get us back on track . Hogan. Absolutely listen, you just hit the nail on the head not about polls it is about the people as relates to coronavirus you dont have to guess what a pandemic would look like, under joe biden, because we saw several in Joe Biden Administration he just decided to stop testing with 60 million americans infected his advice we dont want to quote unquote Waste Resources we ne o it is here stop testing could you imagine if donald trump did that. Be clear when this president took aggressive early action to stop spread of this virus coming from china and from europe, he got ridiculed for it did it the left had to admit it probably saved lives dr. Hahn dr. Fauci dr. Birx others said his move saved lives we stalked about coronavirus in have state of the union speech nancy pelosi the other to it shreds before she went to from an without a managing of told everyone would it be fine the only one taking this seriously took sometime, after he talked about Wearing Masks in march on march 31st cdc the president released a guidelines, on april 3rd, a miniand five days later, was the first time all of the press corp decided to wear a mask inside Briefing Room they would have you believe, that they were ringing in new year i. It was this president taking early aggressive action everyone else ignored it as moved going on weve rebuilt stockpile billions of equipment inside avenue stockpile largely bare by Previous Administration ventilators to prevalent that we are lendingings this them to other countries as well who are suffering this has been a successful we build of stockpile every single life lost is absolute tragedy so devastate to go think what china did to this country, unforeseen unprecedented virus, sent here, and we had to do everything we could to stop it still in middle of it still have to get out of it with this president s leadership we can. This rewrigof history nonsensical thought that summon like governor cuomo, for example, speaking tonight at Democrat Convention is is the Gold Standard . Most of the deaths in his state because he sent people with coronavirus back into you Nursing Homes we knew Elderly Population most affected by this virus that has to get out there why president taking his message on the road this week. Jackie bringing up a great point i want to shift gears a second a new krn National Poll showing joe biden holding 4point lead over President Trump falling within poll basically margin of error there. Right. Poll from the wall street journal nbc news showing former Vice President holds ninepoint lead over the president , you know weve discussed these polls many times, as we get closer to the election they get narrower, closer than many will have you believe. Yeah look, again i dont put a lot of stock in these polls they were wrong 2016 i dont know that i believe them now i expect at least 8 to possibly 10 upon the jump, for joe biden after this convention, rather i should say not because of anything he is going to say or do, or any other speakers for that matter, it is because the media is fawning all over a this ticket like i have never seen before they are not taking questions since they actually announced as the ticket with Kamala Harris, tonight you have the second most radical most liberal member of the United States senate Bernie Sanders giving the final speech, the first most liberal most radical is Kamala Harris gives hers in a few days the radical takeover of this party has been pretty clear, they are moving so dpar left now and want to a remake america, of course, in the idea of socialism, i dont know whether if you are going to hear their blejz to raise taxes by four trillion dollars or flood job market with amnesty for tens of millions illegal aliens during this convention our job to let American People know that is exactly what they want to do they promised to do it as polls shift they go up and down again most of them are phony most are fake, we are focused on actually delivering the message he reminding everyone how horrible this economy was under joe biden, how horrible Foreign Policy was under joe biden how great it has been under this president how great it will be moving forward. Jackie last question i want your take on this quick, because House Speaker nancy pelosi calling all lawmakers back to washington to address the u. S. Postal service ahead of that novembering election including removing mailboxes sorting machines around the country as well chief of staff meadows willing to support as long as stimulus ppp funding included sounds a reasonable request. President putt 10 billion dollars in package said would go up do 25 billion dollars two Different Things universal mailin voting ripe for potential for fraud abuse cheating democrats know that why pushing for it in 10 states, look i was in white house, when nancy pelosi and Chuck Schumer shut down government, over illegal aliens getting the into this country without any penalty whatsoever putting priorities of those here illegally unlawful over american citizens i was there when she stopped first stouf package to American People needed paychecks because wanted to attack Green New Deal first politics with lives now he livelihoods now with peoples votes she wont come back to this city to try and make sure the American People he suffered so greatly under coronavirus can get their money, but she will come back for the post office . It is absolutely rieltsdz ridiculous. Hogan gidley thanks for too many. Heating up we are looking at extremely low Mortgage Rates,ing the Housing Market taking a look at that plus weighing yourself before eating a restaurant in china taking heat for shaming patrons you are watching mornings with maria live on fox business. This week mornings with maria, tomorrow, Kamala Harris joins ticket Sarah Sanders and donna brazile. Wednesday dr. Mik is here with tips to keep your family safe from coronavirus, thursday 2020 polling looking a lot like 2016, as we head toward the first karl rove. The word on wall street insight you need to allocate capital right here on mornings with maria. How low can they go Mortgage Rates dipping to record levels 8 times this year former economists saying they he could fall to zero percent joining me capacity Vice President rare tore former host mike, great to see you for a question can zero percent actually happen. I got to be honest i dont think so, i think that in order for zero percent Interest Rates to happen fed finds rate would have to be a below zero protracted pasadena 10year with yield loose correlates, why would gaifrng loan for nothing make no money beholden to shareholders that way . I dont think so. Interest rates where they are spurring Housing Market i am wondering as we are getting through this pandemic you are seeing so many trend changes across the country people are leaving cities, for example, new york city where i live they want to be in suburbs homebuying strong there i am wondering if you expect that trend to continue or some point going to level off cool off . You know, listen there was a recent study that came out that said that is not exactly true. Now, manhattan specifically different so is San Francisco, because the prices got so shy in those two states, believe it or not, i think some early data suggesting there was mass exodus from urban centers some data coming in now says quite the opposite basically the market just blistering across the board not just in burbs, people moving out going to burbs, lining up to buy places in the city as well jackie i wouldnt worry about west side condo it will sell. Mitch roschelle jump. I will push back mike a little bit on that, as i know a lot of people trying to sell west side condos cant, but nationally i i guess my question siren cry there isnt enough inventory on market to buy if you want to buy seems driving prices up do you think, that we are going to see a flury new homes built to hea alleviate supply concerns. We came into the already behind eight ball didnt have enough housing out there i think quite the opposite what everybody expected, the pandemic has really created more fervor in the Real Estate Market i think that the issue is can we keep blirdz brilliantlying are they able to get skilled a qualified labor building houses longest Interest Rates remain low even is if not sker i think keeping people in the Housing Market not until rates go up you see things level off, the tenyear yield went up 25 basis points last week when last time that happened may be never i think rates come up a little bit because of that. Lee carter, people want a place to go in middle of this different than where they are because of financial crisis people know you can get elevates prices because of trends people able to take vacations, access is on airbnb. Listen i think there are deals out there right now i think some of the secondary markets got pretty bad before the pandemic are starting to resurge right now do i think i think here is reality this pandemic is eventually going away i think as you know lee theyve got to diet vaccine produce a vaccine then they have to give it to people i think going to keep people wanting to be in those spaces, i think that is going to keep that secondary home market and rental market strong for the foreseeable future. Great to see you. Thanks for insights we will watch rates closely. My pleasure. Coming up get on the scale . One restaurant in china taking heat for weight shaming commerce one Missouri House offering interesting perk you are watching mornings with maria live from fox business. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. 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. Jackie fox business alert Trump Administration planning to approve Oil Leasing Program for Alaska Arctic National wildlife refuge according to the wall street journal 19 million acre area to drilling for first time interior secretary says approving the program will clear the way, to auction oil leases right around the end of the year all right this time for morning buzz a restaurant in china apologizing for asking commerce to weigh them before ordering a plan came up with to reduce food waste, lee i wouldnt order anything if i had to get on a scale first doesnt exactly give me that feeling i want more dumplings. I cant imagine who thought good idea at restaurant but i dont know what to say might be good to lose weight i gained again in quarantine maybe put a scale next to kitchen table. The last thing i want is for so many won to reject my request for burger tell me i need steamed veggies if i want to eat i want to eat what i want there is a chance i am not going. Next up check out missouri home for sale has interesting perk nine cell jail, in the basement. 350,000 dollars, house in history one time doubling as lockup mitch is house of steel . I am going since things become a buzz kocreepy it has extra half wath two bedroom house 350,000 dollars, going back to segment with mike, before the break, there was a shortage of inventory so you never know may sell. Wonder what person wants a house with jail cells my mind starts to wander. So that we will see great to have you this morning more on mornings with maria live on fox business, coming up right after this. Jackie were back with final thoughts. Curious what youre looking for tonight as we kick off the dnc convention. What im looking for is to see how joe biden and Kamala Harris will define what their presidency and vice presidency would look like should they win. Right now they have a theme of build back better. We dont know what it means. American people are eager to find out what its going to look like. With only 30 of americans really knowing what joe bidens all about, i think this is a time to make a statement. Jackie thank you, all. That does it for us on mornings with maria. Thanks for watching. Varney company is up next. Ashley, over to you. Ashley all right. Good morning, jackie. Thank you. Good morning, everyone. Huge week ahead for politics and money and guess what . Thats what we do. It is our bread and butter. First up, the democrats laying out their vision for america starting tonight as oh, yes, the Democratic National convention gets under way but this will be a mostly Virtual Convention, so will joe biden continue to avoid questions from the media . Thats one of the questions we are asking. President trump hitting the campaign trail as well. He will be hitting four swing states this week including two today. Next hour, he will be leaving on a twostate swing through minnesota and wisconsin. The post Office Funding controvers