Transcripts For FBC Mornings With Maria Bartiromo 20240712

His message, law and order and warns of economic collapse if his opponent, joe biden, wins the presidency. Biden taking a page out of the trump playbook, pushing a med in america plan for jobs. Coming up you, ill be talking with devin nunes on the Ongoing Investigation into spying on the trump 2016 president ial campaign and who could be held accountable. Senate republicans introducing a 300 billion coronavirus stimulus bill, democrats say this skinny plan does not go far enough. Beware, you could be exposing your personal information. Weve got the biggest mistakes you could be making when you get rid of that cell phone or laptop. Plus, reality tv will never be the same, the kardashians 14 year run coming to an end. Mornings with maria is live right now. Global markets this morning green across the board. Take a look at european indices, the fq100 us up 1 , the dax higher by 134, england moving to curve coronavirus spikes, banning special gatherings social gatherings of more than six meme in thsix people in the. The u. S. Is preparing orders to block cotton and tomato imports from chinas region over forced labor allegations, china responding, saying that the u. S. Is trying to oppress chinese customers and incite instability. Its the region where 1 million uyghurs are in camps. Joe biden lawn ping his new launching his new made in america platform in michigan, on of posing an ow opposing an offshoring tax credit. President trump doubling down on the law and order message in North Carolina yesterday. He warned in biden wins the economy will collapse and the rioters and a anarchists and looters will take over. If biden wins, the violent mobs, theyre biden states and cities, theyre democrat states, if they win, the mobs win. You see these guys, they go around saying i want your meal, give me that food, give me that a woman sitting there, she wants to eat. They come and grab her food. They grab her drinks. Nobodys ever seen stuff like this. That is all that ideology. Were not going to let it happen. If biden wins, the rioters, arsonists and anarchists win. Maria today, President Trump is expected to announce a withdrawal of 1700 troops from iraq. Meanwhile, no break for firefighters in california, where devastating wildfires are threatening lives and property across the state. Three firefighters hurt, one critically injured while fighting the dolan fire in central california. 148 people are trapped by the creek fire, rescued by hell cop crews. Governor helicopter crews. 2. 3 million acres have been burned so far this year in california. Astrazeneca pausing Clinical Trials of his Coronavirus Vaccine after a participant in the u. K. Had a serious adverse reaction. Its unclear if the illness was caused by the vaccine. Astrazeneca said this is routine. This is the first report of any serious issues from these trials. Astrazeneca shares are down about 2 . Vie license and unrest taking a toll in rochester, the citys police chief and entire command staff now stepping down. This as Rochester Police are trying to identify suspects accused of launching fireworks at Law Enforcement during these protests. Apple steps up the legal pressure on epic games, the maker of the popular game fortnite. Apple is counter suing the company for breach of contract for operating its own inapp system. It is seeking punitive damages. Epic sued apple and google last month after they pulled the fortnite game from their app stores. Apple and google get 30 of inapp purchases. Apple shares in the premarket, trading this way, a dow component, and it is up 3 and three quarters percent. Broad market positive this morning, apple lifting a few boats following yesterdays selloff. Look at the bounceback this morning. The dow industrials fell better than 600 points yesterday and is rebounding this morning, 175. The nasdaq now yo in correction territory with a 465 point decline yesterday, is now bouncing this morning. All six major tech stocks all lost more than a trillion dollars in market value in just the last three days. Joining me right now is Disruptive Tech research founder, chief analyst, lou ba bassineste, Dagen Mcdowell and Mattie Duppler. Lou, let me kick it off with you, ask you about the massive selloff in the nasdaq yesterday which took the whole market down. Was that the correction, is there more to come . You look at some of these names like tesla and apple. They were pretty hardhit yesterday. Perspective matters. Weve had five months of rallies, three days of a sudden selloff. It begs that question, is this just a Natural Healthy pause in the market or the start of something bigger, a bigger downturn. I think the answer is both. I think you have to look at names like tesla and zoom which are up 400, 500 yeartodate, completely divorced from any rational fundamental metrics in terms of valuation. You cannot put a model to tesla and zoom and justify that. Those types of stocks are in jeopardy of correcting a lot more. Tesla had its single day worse drop ever, 21 . You have other names like microsoft and apple, you know, you get into google, theyre not trading at ridiculous valuations yet, theyre trading 28 to 33 times historical earnings. Everyone wants to say this is a dotcom era all over again. Back then, those stocks would have been trading at double those prices. You really cant maria no, please, finish your thought. I was going to say, i think you cant look at tech at a block. We used to be able to trade the fang stocks in a block, no problem, buy every dip. Now you have to be more selective, you cant buy every tech stop for the rally and momentum play. You have to be selective on fundamentals, maybe move down in the market caps where you can get better valuations. Maria tesla suffered its worst decline ever yesterday, the stock was down 21 , because it was let out of the new additions to the s p 500 on friday, lou. This is the kind of situation where as we watched this stock go up there were questions as to whether or not it was equating to the companys actual earnings power or earnings visibility. I said look, you see this, there was tremendous momentum, a lot of speculation they would be included because they had four quarters of profitability. If they were included that would bring in a lot of automatic buying from index funds and etfs. That didnt happen. So it really took out that underlying buying momentum but then you also saw some large investors start selling as well. This is a thing about momentum stocks. When things change direction, they change direction quickly and now weve got negative momentum going the opposite direction. Ive been really bearish on tesla for a long time and ive been wrong, thankfully havent had a personal position in it. I dont think fundamentally the company can justify its valuation, trading bigger than pretty much every car company in the world, yet Still Producing a fraction of the cars. I think about 500,000 cars a year when toyotas doing 10 million a year. Tesla is in for more declines, just like other Companies Trading at stretched valuations. Maria what do you think, then, as far as the rest of the year and investing . There are a few unknowns obviously, the election being the biggest out there, the economy coming back as well. How do you want to allocate capital with these unknowns . Listen, i think theres uncertainty building about the election. This is a question that keeps going up with a lot of clients and among colleagues. I think the best and most prudent course of action right now is to have cash on the sidelines. If we get a nasty selloff because of whoever wins the election, you want to be in a position where you can take advantage of that. Weve seen that time and time again through this bull market that 10 to 15 corrections are followed by strong rallies once the uncertaintys removed from the market. Whether we have a biden or Trump Presidency moving forward, the market will adjust. Right now, its uncertain. Maria i think you make a great point. Dagen mcdowell, i was struck because you look at that selloff in the nasdaq and then you look at the number of stocks that actually you attribute that 460 point selloff. It was like four or of five stocks, dagen. Dagen to lous point, those are the four or five stocks that the kind of new trader, the reckless retail trader, people who maybe were betting on sports before the shutdown who are now in the market, those are the very names that individuals are attracted to, right, lou . They are. Look, these are the household names we all use these products and Services Every day, the pandemic has accelerated the use of apple, amazon and netflix. You invest in what you know and what you use. And i think dagen, youre spot on. These have been brea bred by yow traders coming in, driving them to valuations that move the markets. I think what you need to do as you become more experienced, investors will learn you you learn the hard way, youre either humble by in the markets or humbled by the markets and theyll move to names that are more you affordable. You can buy salesforce at a ridiculous valuation or small or midcap names trading at half the valuation. Maria lou, its great to get your insights this morning. Thank you so much, sir. We will see you soon. Thank you, maria. Maria check out your morning mover of. Slack, the stock is sliding after reporting earnings last night, despite raising the full year outlook, billing growth slowed in the second quarter, came in below analyst estimates, billings are a key indicator of future Revenue Growth at slack and the industry. The company took an 11 million hit in the first half because of the coronavirus concessions, that stock down 16 plus percent. Quick break. We are just Getting Started this morning. Coming up, Richard Edleman is here about how employees are feeling about safely returning to work. And James Langford joins us to weigh in on the gops skinny stimulus plan. All that and a lot more. Plus dr. Mike is here, joining me to discuss what speeds up the process of aging, tips to staying young. Youre watching mornings with maria live on fox business. In the night, the stormy night. Away she flies. And dreams of para, para, paradise. Para, para, paradise. Our Retirement Plan with voya gives us confidence. So we can spend a bit today, knowing were prepared for tomorrow. Wow, do you think you overdid it maybe . Overdid what . Well planned, well invested, well protected. Voya. Be confident to and through retirement. Im a delivery Operations Manager in san diego, california. Weve had a ton of obstacles in finding ways to be more sustainable for a big company. We were one of the first stations to pilot a fleet of zero emissions electric vehicles. The amazon vans have a decal that says, shipment zero. Were striving to deliver a package with zero emissions in to the air. I feel really proud of the impact that has on the environment. But were always striving to be better. I love being outdoors, running in nature. We have two daughters. I want to do everything i can to protect the environment to make sure they see the same beauty ive seen in nature. My goal is to lead projects that affect the world. I know that to be great requires hard work. With the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. Maria welcome back. The stimulus stalemate this morning, Senate Republicans have proposed a 300 billion coronavirus aid package, it provides a 300 a week unemployment boost through december 27th. It also funds state governments, schools and Small Business. It forgives the u. S. Postal services 10 billion loan and it does not provide another round of stimulus checks. Joining us right now is the editor at large at reason, matt welch. Thanks very much for joining us. What do you think, this plan will likely be rejected in the house bees is this a starting point for another stimulus plan . Some stimulus is going to happen. Im struck by the House Democrats criticism of this, using the word emaciated to describe a bill that would spend 300 billion. It shows how much the baseline of our of conversations about washington sort of money printing machine has gone over the past, you know, 10, 15 years. Its crazy. We spent more money on coronavirus related stimulus relief, whatever you want to describe it, than we did the financial crisis of 2008, 2009, by a lot. By a lot. Were going to have more debt this year than the government has ever spent in a year and democrats are saying this is emaciated. This will give you a sense of what the spending pressures would be like under a biden presidency, should he win in november. I think theres going to be a deal, theres going to be some money printing going on from washington. There is not any more, any meaningful break on the appetite for spending in washington. But fiscal conservatives lost and theyre not making a peep much anymore. Maria youre so right. Emaciated is the word they used. Its a sign of the times of where we are. All of that money. Emaci ated. What does this mean for the campaign trail . You have President Trump campaigning in florida and North Carolina yesterday, hes warning of a, quote, economic collapse and certainly more riots if joe biden wins. And biden is heading to michigan to make his pitch, called made in america, to save manufacturing jobs which is of course what President Trump has been doing. He says hes promising to enforce offshoring tax penalties and buy american initiatives. Its interesting how biden has pretty much very similar plans as the president when it comes to onshoring and jobs and manufacturing. Yeah, its a race to the left when it comes to trade protectionism on the two major parties at this point. I think with biden what you might expect, youve seen this on other issues like fracking, when hes talking to michigan auto workers hes going to sound an awful lot like President Trump. When he goes back to raise money in new york or whatever and say wink, wink, nudge, nudge, im not really going to punish you for moving offshore. Thats the way of democratic business. We saw the same thing with Hillary Clinton and others. You get the moderate, the centrist comparatively in the field to win, to make insincere promises and make sure the financfinanceres are happy. I think americans are fed up with insincere poll of ticks. Thats why donald trump won in the first place. Its hard to see the overall impact of kind of stimulus poll of ticks are on the country when ticks ar politics are on the. Yes, people are suffering. I would say the way most people are feeling with the coronavirus this particular month are in schools. If you are a parent of one of the 57 million kids who are in public schools, youre freaking out, trying to figure out what to do. The problem with that in politics is that, is that really a National Issue . No, its handled on the state and local issues. Its hard to see how that plays out in the president ial election. Maria dagen . Dagen matt, i want to go back to the stimulus really quickly. Do we really need it at this point or is this just political posturing . I dont know, dagen. I mean, one thing that really strikes me about this is that in the republicans plan, Something Like 47 million or 47 billion, its all illions at this point, 47 billion is being spent on things like testing and specific things having to do with combating the coronavirus. Its always a fraction in these bills which strikes me as kind of bananas. What is the role of the federal government in this thing . One could argue that the biggest problem the federal government had from the beginning, and this is a bureaucratic problem, not a trump problem, is that we put the brakes on testing, weve had a bottleneck of it back in february and march with huge implications. I would have hoped that the reaction from washington would have been fix that, throw money at a problem, throw money at a testing problem more than anything else and vaccines and things of that nature that make sense and that has not been the case and it continues to not be the case. But again, we have now tried to or we devolved into seeing washington as a money printer. Do we need it . I dont know. I dont think so. But theres a ton of people struggling out there right now and theres no meaningful kind of stop on that line of thinking. Maria yeah. Well, certainly we are expecting growth in the second half but its been tough for many people. Matt, real quick before you go, your feeling on the election, is florida up for grabs right now . Sure. Floridas the best state for trump in terms of momentum in his direction. But then on the other side, arizona is up for grabs in ways that people wouldnt have thought. Theres a lot of third party voters in 2016, theyre not going to vote for third parties this time in nearly the same way. They are overwhelmingly going towards biden. Thats a problem for trump. Maria matt, its great to see you this morning of. Thank you so much. Matt welch joining us from reason. When we come back, astrazeneca is pausing Clinical Trials of the Coronavirus Vaccine. Were going to take a look at that. It has the stock down better than 2 right now. Stay with us. Well be right back. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. 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 im burning away i buy my own rocks and i flaunt it rolling through the streets so stunning you know im a diamond honey im a celebrate this feeling watch me while i break the ceiling you know that unstoppable feeling so ima showem how im shinin walking bold. Ice on me raining down like Diamond Rings everyday did you know that you can shop online with a virtual consultant . Ask about special financing yeah i do it right cuz with the diamond credit card. Im a diamond. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Maria welcome back. Astrazeneca pausing global trials of its Coronavirus Vaccine. A participant suffered an adverse reaction. That was the catalyst and the company is calling the pause routine. It does not know how long it will last, however. The stock right now is down better than 2 . Dagen mcdowell, what do you think . Dagen this news was broken by the health website, its a news site called stat news. I will point to their story. In the story, theres still a lot of unknowns. The nature of the adverse reaction and when it happened not immediately known. Its still unclear how severe and rare the adverse event is. But one thing we do know is the rigorous scientific process to vet and prove these vaccines is working, that the data and safety monitoring board is working. Stat news reports that researchers are running other trials, are now looking for similar cases of Adverse Reactions by combing through database as part of the review by the data and safety monitoring board. I will point to this. There are a lot of completely nonpartisan scientists who are on twitter and you can follow, theyre educators, they work in the vaccine field and they will freely weigh in with some really smart comments. This is from ely murray, an assistant professor at boston university. She said what is the takehome message . Is this bad news for the vaccine . It depends on what the event is and whether there is any way to rule out the vaccine as a cause. Be patient. This is why we do phase three trials. This is the system working. Ill point out that there are total of nine phase three trials happening around the globe, three here in the United States for the vaccine. Theres the pfizer phase three, moderna phase three and Astrazeneca Oxford University Phase three. It appears right now that the pfizer phase three trial is furtherrest along in the United States but more information is going to come out about this, surely in the days ahead. Maria stat news is very reliable typically in this sector, right, dagen . This study, which began last week, was aiming to enroll 30,000 people in it, funded by fefederal agencies. Im glad you said you think this is why you think that this shows that the system is working. Dagen right, that 30 maria thats important information, yeah. Dagen that 30,000 phase three, thats here in the United States. Its not clear where this adverse reaction happened in someone in the trial, but it could be that it happened in the phase two, three trial that is currently underway in the u. K. So it could have happened over in the united kingdom. Nevertheless, this adverse event in the astrazeneca trial, it could have an impact and this is in stat news story, could have an impact on the efficacy data from the u. K. Trial and it being available if astrazeneca is going to try and get emergency authorization to get the vaccine approved here in the United States. So it does even though it might have happened in the u. K. , it would impact what happens here with the fda in the u. S. Maria sure. Mattie duppler, your thoughts . And of course, all of these Companies Already have plans in place for distribution programs with the federal government once in fact the vaccine is ready. Mattie maria, that is an extremely important point. Remember, were only six months into this thing and were already in phase three for a vaccine trial. That is an incredible rate for these companies to have gotten to this point. That is thanks in part to the trump administrations on of presentation warp speed that tried to get rid of some of the regulatory barriers to make sure we can have a vaccine, so we can look forward in the next year to start to return to life as normal. I think that is the environmental factor here that we need to stay focused on. We are light years ahead of where weve been in the past when were trying to come up with a vaccine for a disease that is this confounding and this critical. Maria yeah. All great points. Lets slip in a break. When we come back, jeff bezos marking another milestone, his new fortune when we come back, the stock up another 1 and two thirds percent this morning. Then, pulling the plug, the cashans kardashians going off the air after 20 seasons. What theyre telling fans, straight ahead. Back in a minute. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is wednesday, september 9t september 9th. Lets check markets at 6 32 a. M. On the east comment. We have a rally underway, futures indicating a gain at the start of trading, a rebound after yesterday. The dow industrials up 134 points, the nasdaq up 193 and the s p higher by 24 andahalf. This after the Big Technology selloff fueled another broader selloff in markets yesterday. The nasdaq finished at the days lows, it was down 465 points. It entered correction territory. The six Biggest Technology stocks erased over 1 trillion in value over the last three trading sessions that was tesla, apple and microsoft. Dow industrials yesterday also down better than 600 points. This morning, a bounceback across the world. European indices are also bouncing. Take a look. Fq100 up 48 48 cac up 25, dax up 118 points. In asia overnight the markets took a cue from wall street, a sea of red following the selloff. The u. S. Is preparing orders to block cotton and tomato imports from chinas shin zhang region, the region where the 1 million uyghurs are being held and detained. China is denying the mistreatment of the uyghurs, saying the camps are Vocational Training centers. The shanghai composite was down 2 overnight. The tech stock selloff hitting softbank shares hard. Cheryl softbank lost 15 billion in market value this week after the Japanese Company reportedly made big bets on Tech Companies like tesla, microsoft and apple. Well, the companys ceo, theyre calling him a whale, given the huge size of the bets. 4 billion worth of options. This is all according to the wall street journal this morning. Softbank shares are up 25 this year. But again, definitely another stock to watch today. Michaels is gearing up for the busy holiday season, hiring more than 16,000 Seasonal Workers across the country. The arts and crafts retail giant says its focusing on expanding its buy online and pick up in store. Well, jeff bezos is topping forbes list of richest americans for the Third Straight year. His fortune, 179 billion as of july 2, tha 24, up 57 last yea, helped by 55 increase in amazon shares since midfebruary due to the covid19 pandemic. Taking a look at amazon in the premarket, stock is up a little more than one andahalf percent. Those are your headlines. Back to you. Maria all right. Cheryl, thank you. Gender reveal parties are now in question. One of the many wildfires burning in california generated by a pyr pyro technique device d during a reveal. They are expecting the expecting parents could face severe penalties. The eldorado fire is still burning. Joining me right now is fox news senior judicial analyst, judge an duAndrew Napolitano. What legal trouble could this couple be facing . Well, i mean, they could be indicted for the destruction of all of this property which would obviously bankrupt them and expose them to very serious jail time. Quite frankly, i dont know if anybodys been killed. If anyone has died either a homeowner or a person on the property trapped by the fire or even a firefighter, they could be indicted for criminally negligent homicide. Their defense would probably be it wasnt us, it was the pyro technique device and you should indict the company that manufactured it. We dont know how the fire started. We dont know if the device operated properly or if it was designed poorly. We dont know if the homeowners were negligent or if its the fault of the manufacturer of this device. All of those things would be determined after the fires are put out and the governor and the government, the prosecutors have the time to conduct their investigation. As well, Insurance Companies are going to want to go after the manufacturing of the device because theyre on the hook for the billions in property loss that they now have to pay for. Maria yeah. Its some story. I mean, you just obviously, it was a gender reveal. It wasnt their fault but theyre being held liable. Well, you know, people the law presumes that you intend the natural and probable consequences of your behavior. So if they were rational and careful, theyre probably not going to get indicted. But if they were irrational and negligent and careless, theyre going to be held responsible for the consequences of what they did. Whether its a gender reveal or a wedding or a first communion or a bar mitzvah or whatever the reason is for the celebration. How careful were they and how properly did they operate this equipment and did the equipment operate as it was supposed to operate . Those are questions the pros you cue tores want to answer prosecutors want to answer before they decide to file charges. Maria let me switch to this story. Jp morgan in the news today, saying that it has found evidence of employees and clients misusing Coronavirus Relief funds. Your reaction . Well, this could be very serious, maria. Remember, jp morgan is the biggest lender in the United States. The government didnt directly give this money away. It gave it to the banks. So jp morgan is the biggest distributor of the 2. 2 trillion that congress appropriated. The question is, did some jp morgan employees help customers who did not qualify for the program to receive the money . And, did jp morgan employees help customers who did qualify to receive the money, receive it twice. So was there deception and was there fraud here and were the jp morgan employees compensated by the customers for these deceptive and criminal acts . There must be some evidence of this because our mutual friend, jamie dimon himself addressed this yesterday. So we dont know exactly what the evidence is. Quite frankly, im speculating on the basis of the news reports this morning as to what it may be. But there must be a there there or jamie dimon wouldnt have made the statement that he did. Whats happening . Jp morgan is doing the investigation. If they find probable cause of crime theyll turn it over to the federal prosecutors in the area where the events took place. Maria lets not forget when the money was first doled out there were a lot of questions about why certain Big Companies got money of, why Smaller Companies didnt get money and there were lots of questions about who was getting what. Well watch that, judge. Great to see you this morning. Thank you so much. Judge Andrew Napolitano joining us this morning. Quick break and ill be speaking with President Trump advisor, dr. Scott atlas this morning, well talk about the pandemic, the race for a vaccine and the astrazeneca news this morning. Plus california congressman devin nunes is here on the Ongoing Investigation on the spying of the trump president ial campaign, the origins of the russia probe. Who will be held accountable. We are waiting on john durhams criminal investigation. Major mistakes people make when getting rid of Old Computers and phones, why your personal information is at risk. Youre watching mornings with maria live on fox business. Stay with us. This week on mornings with maria, tomorrow, its the word on wall street, our expert insight on the best ways to allocate your capital for the future. And friday, former new york city mayor Rudy Giuliani and former nenew York Stock Exchange ceo dk grasso close out the week, thats all right here on mornings with maria. Change the plan or stay the course . Thats why Northern Trust is here. With specialized expertise. A history of success through every economic climate. And proven strategies rooted in data and analytics. Giving you more control. Clarity. And confidence. For now and whatevers next Northern Trust wealth management. Maria welcome back. Coronavirus concerns and the return to work, companies are working to come up with plans but a new edelman report finds half of employees polled believe their offices are safe. Joining us right now is the ceo of edelman, richard edelman. What is fueling the fears . How are Companies Responding . I feel like its an ongoing adapting to this new normal. Maria, we have a huge trust issue on the return to the workplace. In short, half the people say i dont feel the workplace is safe. Only 20 said theyre going to go back to work anytime before christmas. And actually 8 say that theyll take the subway or the bus or the train. So in fact, theyre just locked down and its like a kid who has fallen off a bike. They dont want to get back on the bike and go back into the city. And thats a real disconnect for the country. Maria yeah, its a good analogy about getting back on the bike, richard. Your Research Shows that many people are fearing a second wave in the fall of covid, right . Yeah. Well, twothirds of the people think were going to have a second wave. The problem, maria, is they dont feel like they have a credible source of information. Theres an equal number, 20 who trust state and local federal government and Health Authorities and 20 trust their peers at work. And so they just are getting kind of a cacaphony, too many information sources. They read or watch the mainstream media, yet they talk to their doctors who maybe give them different information. So theyre deciding of to not decide. Maria and yet many are feeling like its working for them, right . I mean, theyre not nat working. Theyre not not working, theyre working but from home. I found it striking that the report found that a third of people need to read a headline three to five times before believing it, that theres such distrust on social media. Well, look, i think companies have to show four or five actual changes in the workplace for people to feel as if its different enough to come back. So masks, social distancing, more spacing in the office, temperature checks, fewer people on elevators. And our Research Shows clearly that you need four of those in order to get to belief. And its also critical, maria, that we talk about vaccines, because 42 of americans said to us, we are scared of taking a vaccine. Maybe we dont understand how it works or maybe we think the research has been done too quickly and if we dont get a vaccine, were not really going to end this level of fear. Maria and this is all among the reasons that the uncertainty is pretty stark for corporations. How do you have a model and expectations about your Earnings Growth story when youre not sure where your customers will be, youre not sure where your employees will be operating from. Well, i find it fascinating that its women, 50 of women say they wont take a vaccine. Also that its people who are in communities of color and i think we have to do a much better job of explaining how and why the research is proceeding in the way it is. It cant be just sort of like a greek play where the hero comes down at the end and saves the day. We have to step by step, inch by inch people get back to the office. Jpm said we want our bankers to come back to the office because we want them to Work Together on deals. I dont think we can force people. They have to want to come back. Threequarters of people say were for sure happy to be at home of working and were productive. There is a benefit to being together. Im in manhattan. I was in a pretty empty office yesterday. I get it. Women who have kids at home, etcetera, schools are uncertain. I get all that. We have to be sure that people feel safe when they come back. Maria yeah, you make so many great points, richard. On th vaccine issue, its the se that applies to the flu. How many people dont get a flu shot, they dont want to get a flu shot. They never get a flu shot. I rarely get flu shots. This flu shot is being talked about as being much more serious. Well get into that later on in the show. Richard, great to see you this morning. Thank you. Maria coming up, the morning stock mover on deck, well take another hot stock investors are eyeing before the opening bell this morning, coming up. The kardashians making a difficult decision, to end their reality show. Their message to fans when we come right back. Stay with us. Its like trying to tell a stranger about rock and roll. Do you believe in magic. Dont bother to choose. If its just music or rhythm and blues. vrunning an architectural fir, tending hives of honeybees, and mentoring a teenager your life is just as unique. A Raymond James Financial Advisor gets to know you, your passions, and the way you help others. So you can live your life. Thats life well planned. The big events are back. Xfinity is your home for the return of live sports. Maria welcome back. Time for the morning buzz. First up, the end of an era, no more keeping up with the kardashians, the reality show airing its final season in 2021 after 14 years on the air, thats 20 seasons. Kim kardashian west making the announcement on instagram. Though no official reason was given, mattie, it is the end of an era here, huh . Mattie it absolutely is. This is a family that has defined reality tv. I think its something to look at when you look at this announcement from kim kardashian, she posted this on instagram. This was after she posted about her underwear line that she had, after she posted about the fragrance line she has. Theyvim skeptical this will be last well see them on tv. Maybe its the last of this tv show. But certainly the kardashians wont be long off dashcam ray. Maria i think youre right about that. New standards for oscar, check out this, the academy of Motion Pictures announcing diversity rules for best picture hopefuls starting in 2024, they include one lead actor being a person of color and internship opportunities. Dagen. Dagen convoluted rules proving once again that the Academy Awards are completely irrelevant. This is already happening on Movie Productions and you dont need to even be nominated for an oscar anymore for it to mean anything to the films box office a or the career of the actor or o actress. Maria youre right. It is already happening and putting regulations in place or rules in place is something. Finally, how about this, curbing loneliness the robot way, pepper providing companionship to older nursing home residents. After two weeks of chatting with pepper significantly improved mental health. I actually met pepper last year while in davos, switzerland. She told me about her favorite show. Check this out. Pepper, whats your favorite show . I watch mornings with maria on the Fox Business Network for the smartest conversations in the morning. [ laughter ] maria i knew pepper was brilliant, dagen. Dagen i just think any whether its a robot or a dog or how about a relative to provide companionship to somebody who is elderly, weve seen particularly during the covid shutdown how people in Nursing Homes have developed literally delirium and heightened dementia because of the lack of human interaction. I think this is wonderful. I prefer a dog, but [ laughter ] maria you make important points as usual. We will take a short break. When we come back, still ahead, it is the word on wall street, top financial analysts helping you watch your wallet, next hour, right here, mornings with maria, live on fox business. In your eyes. The light, the heat. In your eyes. I am complete. In your eyes thats great thats 15 on top of what geico could already save you. So what are you waiting for . John stamos to knit you a scarf . All finished, jean. Enjoy thank you. I give. The stitch work is impeccable. Its just a double fleck pattern with a reverse garter stitch. No big deal. Is your hair this soft . Softer. Geico. Save an extra 15 when you switch by october 7th. Geico. So youre a small businor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Onceweekly trulicity is for type 2 diabetes. Its not insulin. It starts acting from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease or multiple risk factors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. Were committed to helping ensure trulicity is available and affordable. Learn more at trulicity. Com. Maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is wednesday, september 9. Your top stories right now, just before 7 00 a. M. On the east comment. Markets are rallying this morning, futures indicating a rebound out of the gate, dow industrials up 114, nasdaq up 200, s p up 23 right now after the big tech selloff fueled a broader selloff in markets yesterday. Take a look at this, the dow industrials were down 632 points at the close yesterday. The nasdaq finished the day at session lows, it entered correction territory after a selloff of 465 points. Meanwhile, the race for the white house deepens, President Trump doubles down on his law and order message warning of economic collapse if his opponent, joe biden wins the presidency. Joe biden takes a page out of the trump playbook, pushing a made in america plan for jobs. Coming up at 8 30 this morning, california congressman devin nunes is here on the Ongoing Investigation into spying on the Trump Campaign and who could be held responsible as we await a criminal investigation from john durham. Senate republicans introducing a 300 billion coronavirus stimulus bill, democrats say this skinny plan does not go far enough. And beware, you could be exposing your personal information inadvertently, weve got the biggest mistakes you could be making when you get rid of that laptop or of cell phone. The foods youre eating could make you age faster, find out the ones to avoid so you can stay looking and feeling younger. Mornings with maria is live right now. Global markets this morning are mixed. Take a look at european indices, green across the board, pretty good bounceback, the u. K. Moving to curve coronavirus spikes, banning social gatherings of more than six people. The cac is up 20, the dax is up 11 points this morning. In asia overnight, it was a sea of red following the selloff on wall street yesterday. The u. S. Is preparing orders to block cotton and tomato imports from chinas shin zhang region where there is labor, as you know, the uyghurs are being locked up in cams. China responding saying the u. S. Is trying to oppress chinese customers and incite instability. The major indices were lower across the board. Some of the top stories we are watching this morning, the biden and Harris Campaign releasing a plan to fight for american workers. The made in america proposal features offshoring tax penalties and new tax credit to award those who invest in American Products. President Trump Doubles down on his law and order message at a rally in North Carolina, warning if biden wins the economy will collapse and the rioters, anarchists and looters will take over. If biden wins, the violent mobs, you see these mobs all over the place, theyre biden people, theyre biden states and cities, theyre democrat states. If they win, the mobs win. You see these guys, they go around saying i want your meal, give me that food, give me that a woman sitting there, she wants to eat and they come, they grab her food, they grab her drink. Nobodys ever seen stuff like this. This is all that ideology. Were not going to let it happen. If biden wins, the rioters, arsonists and anarchists win. Maria today, President Trump is expected to announce that the u. S. Will withdraw 1700 u. S. Troops from iraq. California is under siege from devastating wildfire as property and lives hang in the balance. Three firefighters hurt, one critically injured while fighting the doland fire in central california. At least 148 people trapped by the creek fire. Rescued by helicopter crews. Govern evegovernor gavin newsomg the peak of fire season is still to come. 2. 3 million acres have been burned so far this year in california. Astrazeneca putting the Coronavirus Vaccine testing on hold, after a participant in the u. K. Suffered a possible of serious side effect. Its unclear if the illnes illns caused by the vaccine. Astrazeneca says this is routine. Taking a look at premarket trading, stock is down 2 andahalf percent. Battling covid19, the number of new cases in several midwest and northeast states is rising. 17 states seeing an increase in cases for at least two straight weeks. Thats according to reuters. Across the United States, new infections and deaths have actually fallen. The death rate dropping for a third week in a row last week to more than 5800 people in the u. S. Well, the Rochester Police chief and entire command staff stepping down amid raging protests over the death of daniel prude, a black man who died in Police Custody, this as Rochester Police are trying to identify suspects accused of launch fireworks at Law Enforcement during protests. Joining the conversation, Dagen Mcdowell and Mattie Duppler. Great to see you guys this morning. Dagen great to see you. Mattie good morning, maria. Maria whats on your mind this morning, dagen . Dagen i am i wanted to pass on a little more information of what were finding out about this the pause in this vaccine trial for astrazeneca really quickly, put on hold. There is a report in the New York Times that says the person it was a volunteer in the u. K. Trial, that was diagnosed with transverse myleitis, an inflammation of the spinal cord generally caused by infections. This was in the New York Times. It remains to be seen of how quickly they could resume this trial. So that story develops. I wanted to pass that on to the viewers. Maria we want to talk about that. The stock is down two and two thirds percent right now. Time for the word on wall street, joining me right now is divine Asset Management ceo, daniel hughes, Washington Crossing advisors, Portfolio Manager kevin kuran and chief economist lindsey piezza. First up, futures positive this morning following the big selloff yesterday. Take a look at where we stand, the dow industrials up 76 points, the nasdaq up 141 points right now and the s p is up 17. This after the dow fell more than 600 points yesterday and the nasdaq is now in correction territory. But we know that this selloff and this rally has been narrow, six major Technology Stocks lost more than a trillion dollars in market value just over the past three days. Kevin, your reaction to what were seeing in tech over the last month. Yeah, were seeing a pullback due to valuations. But broadly speaking, tech has been a darlings throughout the year and held up very well under pressure. Tech had that in spades with maybe some growth on top of it. And then on the other side, you have the lower credit Quality Companies that have really struggled. This market this year has been two different stories. Tech has been very good because of growth, endurance to covid and the quality of their Balance Sheets. But valuations have gotten stretched and now youre starting to see a little bit of a pullback as valuations normalize. Maria okay. Well, you know what . The valuations should be normalizing after that huge runup, i guess. Next up, look at tesla. I mean, its rebounding this morning but look at this stock in the last year, the electric car maker suffered its worst decline ever yesterday, down 21 . It was left out of the new additions to the s p 500 on friday, danny. Your reaction to this, a 4 and two thirds percent rally this morning after yesterdays 21 selloff. Yeah, maria, tesla lost 82 billion in market cap yesterday. But thats not surprising for a stock thats been extremely volatile. There was a lot of expectation that after the split and because they had four quarters of consecutive profitability, that they would join the s p and thats why there was such a massive runup. Dont forget, its still up 295 qlailt yeartodate, a lot of the other electric car makers traded in kind. One exception was nikola, it was up 40 of 40 yesterday, up almo yeartodate with an 18 billion market cap. Maria yeah. Its true. Were also looking at a market that is waiting or wondering if were going to see any stimulus. Senate republicans proposed a 300 billion coronavirus aid package yesterday. It provides 300 a week of Unemployment Benefits through december 27th. It also funds state governments, schools and a Small Businesses and it forgives the u. S. Postal services 10 billion loan. It does not provide another round of stimulus checks, however. Lindsey, what do you make of this proposal . Its unlikely to pass the house, by the way, but will the economy rebound without government aid going into this period where were expecting growth . Well, we have been seeing improving economic numbers and if we look to fridays jobs numbers, the better than expected pace of hiring as well as drawing down the Unemployment Rate below 8 andahalf percent, this better than expected news should alleviate some pressure on officials in washington to pass something from a timetable standpoint. But as you you said, the economy is still very much under pressure, tens of millions of Americans Still in a position of joblessness, relying on that federal assistance. There is an expectation that a package should be and will be passed. The question is the size and the scope, will this skinny package from Congressional Republicans be enough. Now, as you pointed out, many of the provisions that we were looking for in terms of extending federal assistance, in terms of providing a second round of the ppp program, these were some of the key provisions, the key variables that both sides were looking for but again, its just that light version. Will it be enough to carry the economy . That remains to be seen. Maria yeah. Well see about that. We certainly would expect a bounceback from that sharp contraction in the second quarter, thats for sure. Its great to see you all, danny hughes, kevin and lindsey, thank you so much for the word on wall street. Coming up, senator james lang board. Ryan langford is here. Ill be speaking with President Trump advisor and Coronavirus Task force member dr. Scott atlas as well. Well talk bought the latest on the pandemic and the race for a vaccine. Plus, california congressman devin nunes joining me to talk about the Ongoing Investigation into the origins of the russia probe, spying on the Trump Campaign, who could be held accountable. Youre watching mornings with maria live on fox business. I want to know the truth. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. On kings hawaiian bread yum kings hawaiian. Before money, people tools, 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. Maria welcome back. The senate is expected to vote tomorrow on a socalled skinny Coronavirus Relief bill. Majority of leader Mitch Mcconnell unveiled a new 300 billion package. It includes 300 of added weekly Unemployment Benefits. It also includes relief for Small Businesses. It does not include funding for a second round of stimulus checks. Joining me right now is oklahoma senator James Langford. Senator, its great to have you this morning. Thanks very much for joining us. You bet. Good to see you again. Maria so how likely is this bill that Mitch Mcconnell unveiled yesterday . Can you walk us through some of the pushback or some of the sticking points in terms of getting something done . Yeah, the sticking points begin with the dollar amounts. Democrats from the house pushed a 3. 5 trillion package, this is a 300 about 350 of billion dollar 350 billionpackage whichs in size. It lines up with the 3 trillion package we did earlier this year. Thats the beginning point. Im trying to figure out how to be as fiscally responsible as we can. When you walk through the virus right now, the virus is not affecting some people at all. They get it, dont know it. Other people end up in icu. The same thing in our of economy. Right now, there are some businesses that are having their best year theyve ever had and other of businesses are on life support and are struggling to stay alive or have already declared chapter 11. What were trying to do with this package is to be able to target it the way we think it should be targeted, towards the highest need area, but not do blanket dollars everywhere in the economy. Lots of areas of the economy are doing very well right now. So not for profits, we have a focus on not for profits and Small Businesses. We have a focus on those that are hardest hit, Small Businesses, those that have had 35 revenue loss, they wont make it into 2021 if they dont get a second round. We have the same thing, trying to deal with the issue of the virus itself, how to get additional billions of dollars to make sure we have vaccines ready, healthcare ready, money for schools, public, private, char techs all of those elements blended into this in a way thats targeted to the highest need, not just trying to throw dollars out in general. Maria where are the needs specifically . You went through a few of them. What about city and states . We know the localities want money from the federal government. Where does that stand . I dont remember a time the localities havent asked for money from the federal government. What weve done is we took the 150 billion that was given to a lot of localities and extended the time period for their use. Much of that money, that 15 of of billion dollars, has not even been spent by states and localities, theyre trying to figure out what to do with it or where the areas of highest needs are. Theres a deadline for the end of december. We extended it to the end of september so theyve got time to be able to make sure they know what they need. Many of the cities and communities i talk to in oklahoma, they had one of their best tax revenue years theyve ever had for sales tax, a lot of people stayed at home, shopped online. Many cities, most of the needs have been met. The revenue wasnt as bad as what we thought it was in march. Were trying to give them the maximum amount of flexibility we can with time to be able to find their highest needs and apply those dollars there. Maria i wonder how different it would be if this wasnt an election year. Some of your colleagues on the left would like the chaos to continue going into the election, would like to have as weak an economy as possible. President trump hitting key swing states yesterday. He dubbed down on his law and order of message in florida and in North Carolina. And joe biden is taking his made in america message to michigan today, touting millions of new manufacturing jobs in the United States. Senator, your thoughts on where we are here and what truly materializes on the other side of this election. The other side of this election really does matter for us. If joe biden wants to talk about made in america and manufacturing, look at the last three andahalf years and whats happened in manufacturing in america, how much manufacturing has moved back to the United States. The trade deals that have been done that benefit the United States. The acceleration in new jobs in that area. If joe biden wants to say lets do more manufacturing in america, great, i know a way to do that, election President Trump. Hes done that the last three andahalf years. The law and order conversation the president has had, its a real issue. A lot of Democratic Candidates all over the country are saying the individuals that are smashing windows and that are burning buildings, they need to be heard. They do need to be heard. They need to be heard in a peaceful way, not to smash windows and destroy things and to say later we should work to understand. We should work to understand in advance. But we should also have law and order in the process of when we do that. Safety and security is a big issue in the country, always has been, its one of the prime roles for government and the president s right to talk about it. Maria of course. And its just extraordinary that youre not hearing more pushback on the left in terms of this looting and rioting. I believe there were some in the Biden Campaign who actually paid for the bail of people if they were arrested. So theres that. What does this mean for the senate . I have spoken with a number of ceos who are worried about the republicans losing the senate. Party control will be decided in november. Republicans are currently holding 53 of the 100 seats but are defending 23 of the 35 seats up for grabs. How are you feeling about the senate and holding onto the majority . Yeah, we can definitely do that. We could lose that. Its important that people actually stay engaged in this. The senate is essential if were going to deal with, for instance, Supreme Court judges or additional judges like we are doing this week, were doing District Court judges for federal bench around the country, as well as working on the issue of coronavirus. If youre going to deal with what the direction of the country is, theres only one place that both sides are always heard is the United States senate and it is essential that republicans remain in control of the senate. We have a lot of seats that are tossup seats right now that are very important, montana, iowa, arizona, colorado, maine, North Carolina, you can work your way around the states, around the United States, and you can see a lot of races that are up that are very important that people actually lean in and participate in. Some folks are focused on the president ial race and thats always important, who the president is, its also exceptionally important what the direction of the United States senate and which direction it goes so i do encourage people to get involved and to actually participate, obviously to vote but to get engaged as much as they can in whats happening in the senate, it will determine a lot of the direction of the country. Maria absolute lit it will. Absolutely it will. Good to see you this morning. Thank you, sir. Good to see you as well. Maria stay with us, coming up, astrazeneca pausing Clinical Trials of its Coronavirus Vaccine. We will take a look when we come right back. Then new york city makes changes, what is being done to bring people back to the upper west side. We will discuss. Stay with us. Incomparable design makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. Lease the 2020 nx 300 for 339 a month for 36 months. Experience amazing at your lexus dealer. Experience azing you can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save 400 a year on your wireless bill. Plus, get 400 off when you buy the new Samsung Galaxy note20 ultra 5g. Maria welcome back. New york city making changes when it comes to the homeless population. No longer using the almost ucerne hotel as a shelter. They will relocate people housed there during the pandemic. Al sharpton said yesterday proper policing in the big apple is necessary. Dagen, your reaction, getting this reaction a, actually, on what has taken place. Dagen so the lucerne is one of three hotels that Homeless Individuals were moved into at the because of the mayor and ive had long conversations with Cheryl Casone about this very topic. But you literally have people in a residential family neighborhood who were living in the street, even though they were in the hotel, harassing people. There were sex acts being performed in broad daylight. I cant even at 7 30 in the morning describe what was going on. At one point you had more than a handful of convicted sex offenders living in one of these hotels. One of whom raped a 4yearold child right near a park and a public school. So literally bill de blasio may be the worst mayor in the history of, well, the United States of america in terms of what is going on. His initiative, thrive new york, almost not literally, figuratively set fire to a billion dollars, thats how much funding has been wasted on trying to take care of people who are mentally ill. In fact, she has a 2 million staff of 14 amid the budget crisis in new york city. So new york citys an open sewer. Dont come here. Dont come here until we have a new mayor. Over the weekend, we had 28 shot including a child and that was described as peaceful. I dont know what changes here. But i can tell you that the People Living on the upper west side, its kind of a hot bed of liberalism, until they had what was basically an open of sewer out in the street, sex acts being performed in broad daylight. They hired a lawyer who used to work for Rudy Giuliani. Thats the only reason anything got changed is because they had to go out and bring in a legal team. Now theyre acting like a bunch of right wing conservatives, arent they . Maria you and i i think take this personally because we live in new york and weve watched this city decline. But you also look at other democratrun cities, mattie, like san francisco, like los angeles. Look a th at the homeless problm there. Youve got to wonder whether or not this is policy that is creating this massive decline for our biggest cities. Michigan Governor Gretchen Whitmer spent over 1 million on security upgrades for the governors residence, including a new perimeter fence. Whitmer cited a growing number of threats against her Amidst Police brutality protests and the states stringent covid19 lockdown. There wasnt increased security anywhere else. Mattie i would include washington, d. C. In the list of cities that cant get out of its own way. Dagen has done more than anything else to document how challenging is to live in new nw york. Its no surprise, some of the consequences of the policy decisions that have been made here. Giving Homeless Individuals shelter in the hotels doesnt bother me as much as the fact that theres zero policy in place to have Affordable Housing in huge cities. In fact, you have senator Chuck Schumer talking about how his number one priority if he takes hold of the senate is to be able to give a tax cut to higher income earners by repealing the salt deduction, nothing about individuals who need help the most. I think what youre living and experiencing in new york proves otherwise. Dagen i wish i could tell the story of what happened to me over the weekend. It is so disgusting i actually cant tell it on Live Television this early in the morning but suffice it to say, an individual who did something extremely vile in front of me, he didnt even get a ticket. The cops throw their hands up, theyre like he doesnt have an id card, what i am supposed to do . We arrested all the people that were rooting during the riots in june and they were back out on the street to rob and loot and riot again. Maria really a sad state of affairs. Coming up, the cost of the pandemic, the chairman and ceo of chubb is here to talk about the cost and weigh in on covid19 insurance. Plus a luxury lawsuit, why lvmh is backing out of the deal with tiffany. You wont want to miss that. Back in a moment maria welcome back. Good wednesday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is wednesday, september 9. A look at markets here at 7 32 a. M. On the east coast. Futures pointing to a rebound this morning, take a look. Dow industrials up about 97 points, nasdaq up 164, and the s p up 20 points after a big tech selloff fueled another selloff broadly for the averages yesterday. The dow industrials were down 632 points at the close, the nasdaq finished the day at session lows, entered correction territory with a decline of 465 points, the s p was down 95 at you 4 00 on wall street yesterday. In europe this morning, it is green across the board, rebound of sorts here as well with the fq100 up 47, cac up 25 and the dax index higher by 120. In asia overnight it was a sea of red following the selloff on wall street yesterday. The u. S. Is preparing orders to block cotton and tomato imports from chinas shin zhang region where the uyghurs were put into forced labor camps. China is denying the mistreatment of the population, saying the camps are Vocational Training centers. Tiffanys suing lvmh over the merger agreement. Cheryl tiffany shares are trading sharply lower in the premarket rights now, the company filed a lawsuit against lvmh accusing it of breaching the merger agreement. This is after lvmh said it might walk away from the planned 16 billion takeover due to problems related to closing the deal. Tiffanys says lvmh is dragging its feet to win antitrust approval. Jp morgan has reportedly opened an investigation into the alleged misuse of ppp money by some of its employees and customers. The stimulus money was aimed at helping Small Businesses affected by covid19 shutdowns. Jp morgan is looking into possible misuse of Unemployment Benefits and other Government Programs thats according to an internal memo. Jp morgan processed 28 million in loans through the ppp program. The stock is slightly higher. Marriott shares are down in the premarket more than 1 . The hotel chain just announcing plans to lay off more than 600 workers at its maryland headquarters next month due to a slump in travel amid the coronavirus pandemic. Underarmor also hurting from the pandemic, theyre going to lay off about 600 from their Global Workforce this year as part of the ongoing Restructuring Plan they put in place. Taking a look at the premarket, Stock Performance of underarmor slightly lower. A change in leadership at netflix, the Company Naming bella baharia as the head of tv, in a move to streamline on of presentations under new coceo, ted serandis. Those are your headlines. Back to you. Maria cheryl, thank you. Meanwhile, the cost of the pandemic continues to rise, covid19 taking a massive toll on the entire world, more than 897,000 people have died from the virus across the globe. We are seeing issues ranging from economic to psychological issues. The Congressional Budget Office predicting a loss of nearly 8 trillion to the u. S. Economy over the next decade. Joining me right now you to talk about the cost of covid is the chairman and ceo of chubb group and Chubb Limited chairman ceo, evan greenberg. Nice to be with you. Maria and i know youve written a lot about this in various opeds in the wall street journal, among other places, the solutions to this issue. Lets talk about the cost as you see it. I know that judges are making their decisions as we speak today and i love the fact that theyre calling it Business Interruption insurance. Is the language critical here in terms of these businesses trying to recover lost revenue . Maria, the pandemic as you rightfully say has a tremendous is taking a tremendous toll and cost on society, both health and personal and economic and the Insurance Industry is, as you know, bearing its fair share of that financial burden and rightfully so. We insure many of the risks that are exposed now, health related, credit related, liability related, that people and businesses are exposed to. Business interruption is one of those risks that in some cases businesses bought coverage for. And in other cases, and in most cases, pandemic was not insured and because its an impossible risk for the industry to take on openended. This is a catastrophe that has no geographic bound an it has no time bound and so, therefore, in practical terms, the liability is almost infinite. So we cover Business Interruption when it requires direct physical loss to the property. When it results in that. Say, a fire or an earthquake or a flood, damages your property and therefore your business is interrupted. It is shut down. In that case, Business Interruption responds. But the virus and the pan he demickeys not pandemic is not does not cause direct physical loss to a company. Thats what the judges are opining on in the court where businesses in the trial bar on behalf of business seeks relief, in insurance policies where the contracts simply dont cover it. Maria thats why i mentioned the language. Because i know that in 2006 the language was developed to preclude a pandemic type situation but lawyers are trying to recover losses from these Small Businesses and individuals and theyre looking at the Insurance Companies to pay the bill. What would be your best estimate in terms of the cost of covid . I mean, i think this whole issue has an overhang on certainly the Insurance Industry as a general rule and the stocks. But if we had some clarity, is it going the to cost 50 billion, is it going to cost 100 billion, wouldnt that be a positive for the industry and give people real clarity . Do we have any clarity on the cost of this . No one knows with any certainty. Were in the middle of this catastrophe. And no one has any certainty of what will be the ultimate bill to the Insurance Industry. Remember, this is a global catastrophe. As i said, it has no geographic bound or time limit. But from our best estimate, its going to cost the Insurance Industry on both the liability and the asset side of the Balance Sheet somewhere north of 100 billion. Which will make it the largest catastrophe that the industry has shouldered in its history. Maria all right. So tell me what the solutions are. The senate is expected to vote tomorrow on the gops latest skinny Coronavirus Relief bill. Majority leader Mitch Mcconnell revealed the bill, it includes 300 of Unemployment Benefits. It does not include funding for a second round of stimulus checks. As you know, republicans want it to include Liability Insurance as well to protect businesses from getting sued. Your reaction to whats on the table now and what ultimately could materialize. Maria, the solution to this crisis is pretty simple. In words. We have to control the virus and bring it to a level where in all geographies where we feel comfortable and safe to open up the economy. That requires basic health protocols. Wear masks. Test and trace. The balance of wash your hands, social distance, those things are proven to bring down the level of infection so that its safe for people to go back to work, kids to go back to school, and we can open the economy. And short of that, were going to waste trillions of dollars of treasure and value needlessly. The senates bill the senates bill, which makes a lot of sense, we need theres enough uncertainty and theres enough risk to business right now, given the environment were in. Those businesses that open safely, that follow the protocols of health that Health Officials recommend and in areas where it is safe to open, when they open their businesses, why should they needlessly face the uncertain prospect of litigation against them . And whether it is a business or it is schools, it is the safe harbor that the senate bill provides that gives them safe harbor. Its not insurance. It gives them safe harbor from liability where theyre immune to a suit if they follow the right protocols to protect either students or customers or employees. Maria evan, real quick, we only have a couple seconds here. In the middle of all of this youve got to present a growth story to investors. I know pricing has been very strong. Most companies doing, what, 10 increases the in premiums. Is that the growth story at chubb . Youve also of course done your share of acquisitions and developed markets overseas away from not just china but places like brazil and mexico. What is the growth story at chubb, real quick, evan . Maria, i think chubb is entering in the next few years its greatest period of growth and wealth creation, Value Creation that we globally, that we have experienced in our history. I am very opt of miss particular about the few optimistic about the future for the company, given Market Conditions and given opportunities we see around the globe. Maria all right. We will b leav leave it there. Its good to have you this morning. Thanks very much for joining me. Thank you. Its good to be with you. Maria thank you so much. Evan greenberg. Well be right back. Stay with us. Motorcycle riders love the open road. And geico loves helping riders get to where theyre going, so to help even more, geico is giving new and current customers a fifteen percent credit on their motorcycle policies with the geico giveback. And because were committed for the long haul, the credit lasts your full policy term. The geico giveback. Helping riders focus on the road ahead. The geico giveback. Before money, people tools, 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. 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So its true, we have a single participant who has had an unexplained illness and we have to have an independent review committee to find out whether or not this is a true adverse effect of the vaccine, or simply an illness that coincided with the administration of the vaccine. Its a really important finding and only until we figure out whether thats the case well know the impact on this vaccines trial. I will say, this is the leading candidate vaccine. Its also the one furthest in the development. So i really want to see what this independent review Committee Finds before making any judgments. Maria dr. Mike, i want to ask you something thats a little more personal to all of us. A lot of medical professionals say getting a flu shot this year is more important than ever. So you and i had this little dance, what, was it a year ago or two years ago, you told me maria, you better get the flu shot. I didnt and then i got the flu. Do you think we i should get the flu shot this year and tell me if its more important than usual because of covid. Maria, its never been more important to get your flu vaccination this year. Because the last thing we want to have happen is for you to get the flu unnecessarily and get a particularly bad case of the flu, necessitating you going to the hospital. We do not want that. We want to keep you out of hospitals. We want to keep all our Resources Available to help patients if they are to get covid19 or of another illness. The flu you vaccination not only reduces the chance of you getting the flu but it also reduces the complication rate of getting pneumonia, of dying, being hospitalized with the flu. So maria, please, please, lead by example and lets see you get the flu vaccine this year. If you want ill even give it to you. [ laughter ] maria okay. You know remarks you might have a deal there. What about when you get the flu that day, you file like youre sick. Feel like youre sick. Should we ignore the fact that you get the flu and you feel sick that day. We have actual parameters where we do give the vaccine if a patient is experiencing certain symptoms and ones where we dont. If you come into my office and youre experiencing a fever, we will not be giving you a vaccination that day. Because that is not whats advised. Thats not whats been tested through safety trials. If youre having sniffles, even if you had the flu in the beginning of the flu season, there is still benefit getting the flu vaccine because it covers you from more strains than the one you potentially had. Maria i want to switch gears. This is a good question. A new study suggesting that eating processed foods can cause your body to age faster. What do you make of it . Yeah, maria, its common sense that if were eating three or four servings of processed foods its not quote, unquote, healthy. What does it actually mean . The study found that a chromosome structure, which could be used as a marker for bioaging, actually are shorter, those te lemeres are shorter in individuals who are eating three or more servings of processed foods a day. Its an important finding in understanding why processed foods are unhealthy for us. Yes, they make us overeat, eat Unhealthy Foods with high cholesterol and sodium. Having shorter telemeres, thats concerning. I encourage every one of your viewers to rethink how many processed foods that they consume in a day. Maria whats the impact on your body . Your bones are not as strong . Less vitality . Real quick. The true finding is you have more inflammation, more stress, leading to more chronic illness. Maria there you go. Dr. Mike, thank you. Great info from you as always. Well be right back. When their growing family meant growing expenses, our agents helped make saving on insurance easy usaa. What youre made of, were made for. Usaa if i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Maria welcome back. Spring fashions making their way down new york runways this week, the catwalk switching things up this year as the industry struggles amid covid19. Kristina partsinevolos is taking a look at this fashion flip. Good morning to you. Reporter good morning, maria. Although you do have some virtual showcases for new York Fashion Week, its still going ahead and launching on septembe. This comes, the coul spring collection comes at a time when the industry is reeling. You have people that arent buying goods, International Travel is down and constant store closures. What to expect from new York Fashion Week. Youll have 30 minute virtual runway shows that will allow brands to connect with customers. Theres going to be one on one meetings too. But the average joe like you and i wont be able to go to that. But theres some big names that are opting not to showcase any lines, that will be michael kors, provenza, tori burch, they said we wont create a spring collection for 2021 and showcase in new York Fashion Week. Instead, theyre going to wait. And another big name too, marc jacobs said hes not going to be creating a collection for the upcoming new York Fashion Week either. He foreshadowed this to vogue. Listen in. Im not sure there will be a spring, summer 21 collection. I just dont know. This has been a very difficult business to be in for a long time. Reporter the big question is how do you have fashion week when so many people arent dressing up, especially when sweat pant sales are through the roof. Im wondering how many viewers are wearing sweat pants. Even vogue editor anna wintour was wearing sweat pants recently. You have fashion week, an example, coming at a time when so many retailers filed for bankruptcy and when the industry itself is going direct to consumer. That is going to be the latest trend, bypassing the middleman. New York Fashion Week still set to go but it will be a lot different as anna wintour told the New York Times. Maria kristina partsinevolos. Stay with us. Still ahead ill be speaking with dr. Scott atlas about the latest on the pandemic and the race for a vaccine. Next hour, right here. vo while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager your life is just as unique. A Raymond James Financial Advisor gets to know you, your passions, and the way you help others. So you can live your life. Thats life well planned. Wednesday morning. Thanks for joining us. Im maria bartiromo, it is wednesday, september 9, to about stories 8 00 a. M. On the east coast, markets are rallying this morning to kick off the morning futures pointing to a gain 150 points, right out of the gate dow industrials, the nasdaq up 170 points, s p up 26. This after big tech root big selloff yesterday in stocks nasdaq dow down sharply dow industrials down 632 points the close yesterday the nasdaq, finished the day of session lows entered correction territory with decline 465 points, the s p was down 95. The race for the white house President Trump is doubling down on law and order message he is warning of economic collapse if opponent joe biden wins the presidency, biden takes a page out of trump playbook now pushing a made in america plan for jobs. Coming up 8 30 a. M. Eastern california congressman devin nunes is here on the Ongoing Investigation, being into spying on the Trump Campaign in 2016, and who could be held responsible. For origins. Senate republicans 300billiondollar coronavirus stimulus bill democrats say skinny plan does note go far enough you could compose personal information biggest mistakes you could be making with when you get rid of a cell phone or laptop computer a scare off Coast Cape Cod beachgoers spotting a great white shark. Just a few feet from shore, mornings with maria is live right now. Maria Global Markets this morning mixed european indices higher across the board take a look uk moving to curb coronavirus spikes banning stoshl gatherings more than six people ft 100 up 60 points cac quarante up 33 dax up 154. In asia overnight receive a red after that sharp selloff on wall street yesterday the u. S. Is preparing orders to block cotton tomato imports from chinas shenzhen region where we go yourself have been put into forced labor camped china responded saying u. S. Is trying to oppress chinese customers, and insight instability if you can believe that one shanghai composite down almost 2 nikkei down over 1 , some stories is that we are watching this morning, joe biden, launching his new made in america platform today in michigan, it a offshore tax he appellate new tax credit for those investing in American Products President Trump doubling down in law and order message in North Carolina warning if biden wins the economy will collapse rioters anarchists looters will take over. If biden wins the violent mobs you see mobs all over the place they are biden people biden states cities that states if they win mobs win guys go around saying ya you want your meal gimme that gimme a woman wants to eat if grab her food grab her drinks, nobody is ever seen stuff like that all that ideology we are not going to let it happen if biden wins, the roirs as are initiatives anarchists win. The president will be back on campaign trail, tomorrow, you can say in michigan, on the campaign trail. Of. Firefighters putting lives on line this morning battle massive wildfires corroborative california three firefighters have been hurt one critically injured fighting the dolan fire that is in central part of the state, at least 148 people trapped by the creek fire rescued by hospital crews governor gavin newsom warning peak of fire season to come 2. 3 million acres burned this year. Astrazeneca putting a pause on Clinical Trials of Coronavirus Vaccine, after participant in uk had serious adverse reaction unclear if illness was caused by vaccine, but astrazeneca says this is routine, it does not know how long it will last first first report of serious issue from any trial related to covid taking a look at premarket trading i this morning, astrazeneca shares are down, 2 1 2 . Of them violence unrest takes toll in rochester the police achieve entire command staff, now stepping down, the department under fire over death daniel prude black man died in Police Custody trying to i identify suspects accused of launching fireworks at Law Enforcement during protesters. Dagen mcdowell, matter Mattie Duppler astrazeneca pausing trials of Coronavirus Vaccine, a participant in uk suffering adverse reaction causing stoppage pharmaceutical manufacturer calling this pause in trial routine, but it is unclear how he long it will last, joining me right now adviser to President Trump Coronavirus Task force member directors scott atlas great to have you this morning. Thank you so much for to being here. Your reaction, to this pause, in the o Covid Vaccine, at astrazeneca. Well, you know, this is one of the reasons Clinical Trials are done, this is an indication the trials are being done safely. Things happen during trials, that is part of the reason we cant totally predict exactly when things will be available. I mean this is not not anything really unexpected as they said it is routine, these are investigated why we do trial should be assured by this. You know, what is your take on peoples feelings out there, about actually taking a vaccine . I mean we have debates all day long about whether or not to get a flu shot, that is just a flu shot what about a vaccine and idea that people are skeptical may not want the take this even if it is on the market. That is true there is a lot of skepticism, unfortunately, about vaccines in general, vaccines are super safe, and, you know, it is a mistake not to take a flu vaccine. But speaking of this specific situation i think unconscionable what people in public arenas are saying about undermining the idea a safe vaccine production process going on, we have the safest drug production in the world. This is something that is done with our so many different organizations, inside the government involved in the trial, there is a separate independent board of experts that is nongovernmental, that is data safety monitoring board the president no one in the administration has any input or any knowledge of the data as it goes, i mean really we are in middle of a pandemic here, we have 200,000 people almost have died already. People are inciting fear into people about the vaccine . I think this is really unconscionable frankly i hate to say he they are killing people by doing that, we have people who are high risk they need vaccine when this vaccine is available on track to have it available before end of the year but, again, timing is unpredictable really with accuracy depends on events that occur during Clinical Trial but, you know, this is something people should feel extraordinarily confident about. I am going to take the vaccine, i can tell you that he everybody i know here is going to take the vaccine. Maria well i mean you are making a really important point, and that is that unfortunately, politics is getting involved in a very serious medical issue, for americans. And that is you heard Kamala Harris say i dont trust the vaccine i dont trust donald trump. So that is what you are referring to; correct . Well, i think there is a lot of people who are trying to cast doubt on the safety of the process itself, the process itself, again is completely independent the president has zero input into this zero pressure coming from president about this, none that i know of even if he wanted to he could not influence the trial, this is really off the rails again one of the many failures of people in the Public Sector here, who are instilling fear into public we need commons logic be rationale this is going to be a safe production if we are lucky to have capitalized on incredibly rapid process we are going to be thrilled to have this vaccine. Before i continue on Covid Vaccine you just said a mistake not to get the flu shot, right dr. Atlas . That is right the flu shot is recommended. And if you look at the cdc, recommendation you know flu shot is only taken, by the way, by 50, 60 americans which is a shame not one hundred percent effective not a magic wand no vaccines are the flu shot is safe we known about this for years important to get stop hospitalizations stop people going to die from the flu, tens of thousands every year die from the flu. Maria yeah, in terms of a Covid Vaccine Anthony Fauci said unlikely released before novembers election more likely by the end of the year you said a moment ago you do believe that we will have a vaccine by yearend; is that right . . This well, from what i hear. I am not involved with vaccine trial i hear discussions, and what i hear that is we are on track, to get the vaccine brvr the end of the year. No one nose no one with literally no one i dont know how strongly i can say that knows if it will be october or not you can being predict all you want that it wont be available, i just think, no one knows. You know, it is all about, how many being infections occur all about the data has nothing to do with what somebody thinks is going to happen but what is on track, according to people in the trials is by the end of theier. Maria so as we wrap up here give your status check where we are right now in terms of the coronavirus, obviously, there are worried have a that we are going to see secretary wave in the fall here we are september. Where are we . Weve had a tragic loss of lives no question about that learned a tremendous amount about virus we know who to protect, who is less vulnerable we know we have to do better in the nursing home with elderly and administration is really doubling down on protecting them we also know the harms of the lockdown prolonging lockdown is a terrible thing, destroying families, destroying children, sacrificing Children Education future we need to safely, safely open schools in person do everything we can to do that at least some pathway toward that we need to safely reopen society because the lockdown is very harmful as a Public Policy person, you have to care about impact of a policy, it is not just about stopping covid19. At all costs. Maria yeah, you make a great point dr. Scott atlas great to see you this morning sir thank you very much we will keep watching thank you. Coming up california congressman devin nunes here to talk about Ongoing Investigation into russia probe spying on trump 2016 president ial campaign whether we will see any accountability then major mistakes people make getting the rid of Old Computers old phones in your personal information could be at risk, your morning stock he mover a look at another hot stoke you are 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. Im a delivery Operations Manager in san diego, california. We were one of the first stations to pilot a fleet of electric vehicles. Were striving to deliver a package with zero emissions into the air. I feel really proud of the impact that has on the environment. We have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. We love our new home. Theres so much space. We have a guestroom now. But, we have aunts. 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 . Maria welcome back on campaign trail, President Trump hitting key swing states yesterday, doubling down law and order much in florida and North Carolina. Joe biden is now taking his made in america message to michigan touting millions of new manufacturing jobs, in the United States, joining me right now maryland Congressional District candidate kimberly, great to see you acquaint thank you for joining is. How you feeling about your race. Good morning thank you for having me i feel really good about race we saw numbers recently for black americans support for President Trump you are hopefully checking my name comoeth a lot of support from a lot of people i dont think people even realized that we are going to vote republican in the first place, many, many on top of that all the people that are afraid to admit voting for trump, you know ive got people in streets every single day telling me lot of people energized, momentum increasing each day people listening to the message we are talking about career opportunities, talking about School Choice talking about law and order, everything that President Trump is talking about, and i think we are going to fair well. Maria you kimberly you raise important point African American vote is crime for President Trump can you walk us through what you believe are most important issues for that community, whether or not, the president s policies have resonated there. Absolutely, so i think i think first and foremost what we see in headlines all the time that is that whole Defund Police narrative a poll i think by gallup 81 black americans do not want to Defund Police, those that are preyed on most those in dangerous neighborhoods like baltimore, areas that immediate more police on the ground, we are down now so if you talk about law and order, that message is resonating because people want more law and order. Maria kimberly this is such an important point and an issue that we take up on this room a lot. Looking at some of the democratic run cities in this run they are a wreck look at new york look at chicago, san francisco, los angeles. By the way, these are l. A. San fran districts nancy pelosi and adam schiff you walk long streets locally there are tents needles on the floor homelessness et cetera, what is the policy in the tell me about baltimore, because you are seeing a similar situation there, and what policies do you believe are behind this . Yeah, so, you know this is the important piece i think and that is the fact that we just dont have career opportunities, baltimore used to be a manufacturing powerhouse ironic that joe biden talking about in america with him and colleagues that signed over to nafta pushed manufacturing jobs out of this country, when you look at ro he chester that was another manufacturing hub, here youve got a punch of Police Officers now resigning, over retiring early they dont want to deal he will with nonsense we have going on cant afford to have any cops leave in Baltimore City we are down more Police Officers i am saddened the way things are going across the country i think people listening to donald trump saying you know what maybe this is our guy. Former president obama chatting with Kamala Harris, talked about the campaign trail, relationships with joe biden. Kimberly will he obamas involvement be critical for the democratic ticket . S it seems like he is behind a lot of it, people are questioning whether or not he is going to be running the show should joe biden get in. Yeah, i dont think going to sell, just like 2016 we saw Hillary Clinton was running on being president obama 2. 0, what dn. Y president obama was elected i think a lot of people wanted that first black president right they put through Hillary Clinton now youve got joe biden, but they dont fit the bill here, you know always talking about, the color of ones skin gender piece, yeah youve got Kamala Harris on ticket i dont think enough to sell joe biden, we see joe deteriorating each day, i cant even imagine what it is going to be like for him to debate President Trump he is very low energy, doesnt seem with it we see now his his Campaign Across the country right now youve got five or six people in front of him at a time where youve got President Trump last night in front of audience of 15,000 begins a i cant see joe biden pulling this off. Maria . Kimberly quick before you go, how are you going to pull this off in baltimore like new york city, it is a 90 plus percent liberal vote, even for mayor de blasio in new york city, the electorate that came out to vote were so small he got in because its democratic led and it is democrat vote. Yeah, so you know a 26 democratic district i am running in i think people starting to see ways going on want a change, we have had democrats in the charge over 50 years are billions of dollars into about Baltimore Area no one seems to know where that money has gone people want a change i am hoping to be that change for those people. All right kimberly we will be watching certainly good for you kimberly joining us this morning, we will be watching, from baltimore, coming up President Trump, being recognized for a mainly accomplishment this year we are going to tell you all about it when we come back a great white shark spotted less than 10 feet from share the Close Encounter coming up mornings with maria live on fox business. Look here, its your very own allinone Entertainment Experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Maria it is one of the worlds most honored awards President Trump officially nominated for a 2021 Nobel Peace Prize for efforts brokering peace deal between israel and United Arab Emirates the nomination by a member of the nor a wedgean apartment four u. S. President s have won recently president barack obama in 2009 President Trump nominated 2018 following singapore summit with kim jongun did not win at that time mattie reaction. Oh, boy you thought people by 2016 election about trump nominated going to make heads spin not only for Peace Agreement but also for role keeping United States out of Foreign Affairs trying to get out of the i will engagement in the middle east an interesting proposition particularly up against joe biden having, has made a career out of his work in Foreign Affairs. Dagen. Dagen this speaks to something that President Trump needs to do on the campaign trail, that i talked about, during his time in office. And that the the wall street journal kind of writes somewhat about today. They have an editorial called a trump comeback question mark. But it says that biden wants to make the campaign a referendum on trump and biden is succeeding with trump help but you need to focus on policy not personality, the media is not going to do that for you. So you need to avoid these voters have heard several years his base firmly in support of President Trump he has to worry suburban voters college educatored voters women left him the focus Campaign Needs to stay on policy make it a joyous as the wall street journal said not between two men but two futures, to policy. Maria i thought it really did a good job pointing out policies would not be more different make sure to spotlight that what your policies are versus bidens policies. Dagen yes hes got to focus on that like the rambling joe biden is stupid gets loss in the casserole. Focus. Coming up california congressman devin nunes here going to talk about massive rinse president fade Ongoing Investigation into spying on the trump 2016 president ial campaign, and whether or not we will see accountability, from john durham we will be back right after this break. Ng. Mercedesbenz suvs were built, designed and engineered with only one mission in mind. To be the absolute best. In the category, in the industry. In the world. Testdrive one of eight mercedesbenz suvs, starting at just 36,230. Mercedesbenz. The best or nothing. Maria welcome back. Good wednesday morning. Thanks so much for joining us. Im maria bartiromo. Wednesday, september 9 lets take a look at market 8 30 a. M. On the east coast, we are expecting a pretty good rallystart of trading fighters pointed to go rebound after yesterdays selloff dow industrials up 200 points nasdaq up 156 s p up 30 points we are at highs of the morning, on top of that selloff that pushed nasdaq into correction territory yesterday. We are markets down across the board, european higher europe where we are looking at monday into ft up 57 cac quarante up 37 dax up 147, in asia overnight, sea of red following the selloff on wall street, u. S. Is preparing orders to block tomato sports from the shenzhen region where we go house of representatives been in posed labor camped china is denying admit straement of the uighur minorities saying camping are Vocational Training centers. Mark meadows on this program yesterday discussing the latest on jon durham criminal investigationing who could see jail time, watch. Do we ne anything about durham and criminal investigation where this goes. We are still waiting on john durham in terms of any visibility, in the time line, are i dont have that i can tell you additional documents that i have been able to review say that a number of the peter strzoks, andy mccabes james comeys, others in administration previously are in real trouble because of their willingness to participate in an unlawful act i use the word unlawful at best broke all kinds of protocols it is a worse people should go to jail as i mentioned previously. Joining me right now california congressman House Intelligence Community Ranking Member house ways and Means Committee member author of the book countdown to socialism congressman devin nunes here lead integrator on russia probe four years going good to see you. Thank you for being here. Great to be with you this morning, thank you. Here we are, what under 60 days away from election, congressman we still havent heard from john durham you heard what mark meadows said do you believe we will see more guilty please in addition to Kevin Clinesmith offered a document that was evidence hard foe we are not involved in the investigation do i think this is a good thing, i have said many times, unlike noourl witch hunt we dont know what with durham is up to, we can make criminal referrals maria which we have done, if you notice there is a lot of people that arent talking or talking writing books coming out talking so that is giving more visibility, into what weve been able to see, the challenges always been who ordered kill shot so to speak who ordered this had clearly a conspiracy here wasnt draement up by gold old fbi agent working hard came across russians maybe trying to do something with Trump Campaign how do we know is that not true . There is no evidence any russians involved this was all about dossier that Clinton Campaign inserted this in 2016. Into the campaign, are and essentially was a bunch of lies. So, we dont know my guess is they are trying to peace all this together there are lot of difficulties weve seen a lot of Text Messages weve seen that is all evidence but i think at the end of the day, it is who ordered this that is the question that durham has to get to the bottom of who who wanted this done . And congressman i think that john durham is looking at some activity we saw before july of 2016 i mentioned that because that is when fbi claims that they launched an investigation, into the Trump Campaign july of 2016. Yet way before then we see former spies, some people might call them issued with a up spies like Stefan Halper getting paid huge sums of money, right before the surveillance on carter page and Trump Campaign began we know Stefan Halper paid 200,000 dollars 2015, 411 thousands in 2016, for doing a report on china sand russia, i am not buying, pays that kind of money i ask you do you believe that john brennan was running a book inside the pentagon, paying money out through office of net assessments to spies is to track trump people . Well to bring up key point that was how were taxpayer dollars going to Defense Department and ending up in what i call the came Cambridge Club former british spies, as you said, supposed american spies hiring people appear when you look at work they did just bogus work that wouldnt have taken that kind of money to do, american taxpayers must have gotten ripped off. We dont know who who organized that. What my guess is is that this is just a guess well, i think will be an educated guess i should say, but there must be times between the fusion gps people who hired the foreign spy supposedly went to you russian sources and Cambridge Club dollar are too many tie theres too many ties between Alexander Downer supposedly australian diplomat happened to run into trump official happened to Say Something about emails nonadded up how does that feel look Hillary Clinton probably really infers about emails being found on her illegal server, they were looking to do both a an end run around that to make it looked like somehow Trump Campaign was involved and at the same time, have an the october surprise trying to tie donald trump to russia it was really the Obama Administration Hillary Clinton had held all ties to russia for gods sake they are the ones had the russia reset. So these are this is why questions you ask are deep there is a lot there. And this is why it is i am sure staking durham so long to get to the bottom of. I wanted to appointed out john brennan i know he had interview with jun durham a couple weeks ago my sources continue to point to him as overall mastermind in terms of massive payouts, to former spies, that ended up, Stefan Halper supposed to do report on china russia meanwhile, in cambridge bumping into carter page george papadopoulup papado clovis as well dont forget papadopoulos and page essentially low Level Campaign people some cases just volunteers that is why so questionable what would all these people with long resumes be doing meeting with these people what appears to be setting them up with lies and deceit. Why paid so much will have a beer ma411,000 one lump jum havent they confessed how come Lindsey Graham keeps saying going to call witnesses halper has not been called Alexander Downer not called all questions, want answers to let me ask you bhurnt biden apparently in hot water again you were the first lawmaker, that brought china up to me, 3 1 2 years ago because you were doing deep dive on china in intelligence area, and so, that the that is one issue that keeps coming up a fund corun by son of the democratic president ial nominee is helping facilitate the sale of michigan based auto parts maker, to one of chinas main militarying aircraft makers Aviation Industry corporation of china that is avic what can you tell us about bidens connection to china and why his sons fund has enabled this acquisition of a company that is tied to the chinese military. I can cut right to the chase the overall problem with joe bidens hiding in his basement. And not having real questions posed to him by the press. So, his son not only had a lot to do in china where he raised money for a fund that is the way i understand that fund failed, at the same time, son was involved in ukraine, as you know, now, what did they try to do to trump tried to find it was trump had something to do with ukraine very similar and follows along the same line, that whatsoever their doing accuse you of doing. Biden needs to sit down, and ask these questions donald trump should ask these questions also, because you know, you have seen the pictures of biden there threatening prosecutor in ukraine biden going to china his son setting up a fund it do you have the mean any is illegal, but the american taxpayers and American Voters have a right to know whether or not they think this is proper or not. Fanned president if the Vice President s son is over in china, trying to raise money while brokering a deal in 2015, do you really believe that biden is ever going to get tough on china . Have my guess is he is not i is going to be very weak on china. Maria yeah, look i know you talk a little about this in youre book countdown to socialism con congrats on book before you go the fires in california, thesefires are taking place, congressman in your district. You are headed up there this morning what can you tell us . Well, yeah, getting ready to leave to be brief the Trump Officials from department of agriculture are going to be out, this is what happens when you have socialism spread across the country we ended most Timber Harvesting in this area we are spotter a starter above where i live ashes everywhere smoke covering sun total zavrt almost 200,000 acres people live work, they use trees we make timber out of trees after last 20 years, all this has been shut down because of radical environmentism similar to people want to stop fracking oil drilling Everything Else we dealt with that in california what happens fuel begins to burn plants grow we get sun we get water, we get snow. Fills up catches on fire, now we have a total disaster total unprecedented for me in this region going to see some of the devastation in a few hours. Really sad to see, our condolences prayers to you and your district avdealing with piled fires thank you so much your book countdown to socialism is out check it out before we take a break an up update from the tennis channel. This is tennis channel u. S. Open update for fox business i am dani, the americans 23 seed, into 69 minutes to reach first career grand slaum semifinal. Former ucla bruin put together a nearperfect tournament winning all five matches flushing meadows without dropping a set. I am thrilled to be in semi finals at u. S. Open one at a time i am very happy. Next brady osaka 2018 u. S. Open champ took out another american rodgers in straight sets in her quarterfinal match they have played twice headtohead in careers, and tennis channel has live coverage of Clay Court Tennis all week along. Of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Hey, our workers comp insurance is expiring. Should i just renew it . Yeah, sure. Hey there, Small Business owner. Pie insurance here with some sweet advice to stop you from overpaying on workers comp. Try pie instead and save up to 30 . Thirty percent . Really . Sure get a quote in 3 minutes at easyaspie. Com. That is easy. So, need another reminder . No, im good. Reminder for what . Oh. Ho ho, yeah need workers comp insurance . Get a quote in 3 minutes at easyaspie. Com. Maria welcome back protect that data many realizing they turned over digital life too late if you are donating selling old devices properly delete data. Joining me right now cyberguy kurt knutsson. Tell us how you do it. Biggest lesson good morning from this research skirt research did this test he bought 80 some he odd ole devices from computers to old tablets drives, phones here is what he found out when he looked at them the common hacker software would allow him to get to this. Imagine finding on old data you gave to someone else you donated or sold 611 email addresses there, 50 dates of birth 41 Social Security numbers 19 credit card numbers get this the photo xurz both sides of the credit card most cases, six drivers license drivers license two passports that is all somebody needs to then take over your world. In terms of compromising your personal data. So when you swipe your phone clean, does it kill the data . I mean how do you wipe your data safely properly he thought he did. A great question deleting is one thing destroying is whole other thing you want to stick to the destroy obliterate side of the data, one way to do that in general whether your pc, mack whether whether android iphone going to follow steps, number one back up the informing number two, untangle yourself find out apps like itunes payment apps you have cloud accounts number three just delete and remove everything, you are going to select the most extreme way of removing everything, so remove everything on android says other things different platforms in general how it is going to work the Details Online if you go to cyberguy. Com stepbystep for each device. Even if you even if you pull a Hillary Clinton use a hammer just sort of destroy it, that is not getting rid of it; right . Because didnt she juice he a hammer you need probably a torch a torch i dont know you need a torch maybe wood chipper to pull that one out . How can people would i hackingmilliondollar question right . Is it ti go to bed last night do you leave doors unlocked . Of course not many routers at homes just like that are set up as they showed up the first day, and so a good idea to have a look google label on router at your house it will come back with model and make, you can you can learn from that how to change the administrative password on it, then disable any Remote Access the not using any of that, turn on a Guest Network when people visit dont have access to everything in your house no reason they need to is this that is a good point people like to come in want your password, that is what you should not be giving your password to people coming in want to get wifi, right. I dont need lawn sprinkleslers turned on by houseguests that is all i know. Thank you great really great insight kurt knutsson. Great white shark nearshore tp the Close Encounter right after this. Welcome back, time for morning buzz saving your smile den its the say dealing with unexpected consequence of coronavirus, chips cracked teeth mental stress of causing more to grind teeth dagen right here started doing this during the coronavirus shutdown, in fact right the beginning of the shutdown when i was well coming to work whole time, i bit down on kind bar went i should not eat that pulled it out threw in garbage can with my cap with tooth attached to it 20 minutes before one evening kneedeep in garbage can at work trying to find my tooth which i did, i had to basically walk i had no tooth for a while because, i couldnt go to a dentist that is my tooth story. You are we didnt know when on the five you went ahead did the show. I did find it in the garbage can. Unbelievable, next up we are definitely going to need a bigger boat on this one a great white shark was spotted 10 feet off the shore of cape cod on labor day 12 to 14 feet wide nearly four feet wide the busy one this year frequent sightings, scary. Froming taggens tooth in trash can to sharks teeth this video is wild something that i think we would only see in 2020, couple feet offshore i wouldnt want to be in the water with you swimmers be anywhere near that even though summer has been my god jenne from the block setting quite as on queens Jennifer Lopez Alex Rodriguez last ditch pto buy mets puts jailo in control first time a latina woman would be in the such a motion in Major League Baseball how do you like that mattie. I love it, remember Baseball Players refusing to play most summer what they need to shake up the sport is latina energy, from j. Lo she is a woman to bring it bring Super Bowl Energy to mlb may be getting people more excited to watch baseball. Maria great point lets get j. Lo on the scene, we will take a break with more coming right next. Stay with us. Check that your morning mover that is tiffany the stocktaking hit after lbmh said is pouring out of the 16 billion takeover of tiffany, started litigation and the stock down 10 . Thank you Dagen Mcdowell and maddie, we will see everybody tomorrow, have a great day i hope you can see the day, Varney Company begins right now. Ashley webster taken away. Ashley good morning maria good morning, everybody, stuart is out today but i promise to be back tomorrow, im Ashley Webster and heres the big stories we are following today. Futures pointing to a rebound this morning as you can see the dow, s p and the nasdaq that has been a correction territory in