Restrictions but many businesses and states are seeking additional financial assistance. 8 30 a. M. Eastern treasury secretary Steven Mnuchin will join me live on how to help recover from the pandemic. Retail continues to struggles. J. Crew to file for bankruptcy this morning. We are expecting that. Take a look at futures, indicating a decline 266 points and nasdaq lower by 73 on top of selloff on friday which led the u. S. Markets in the red for the week, take a look, mornings with maria is live right now. Tensions between the United States and china are growing. Dax index in germany down 368 points right now. Sharp decline there. Manufacturing and construction starting back up in italy today. Shops set to reopen in ten days followed by bars and restaurants in june, in italy. In asia overnight losses in hong kong and south korea. Hong kongs gdp for the First Quarter decreasing, much steeper fall than expected. Hong kong down better than 4 . Markets in china closed for holiday as well as in japan. Oil prices this morning sliding after snapping a 3week losing streak as you can see price of oil down 1. 47 at 7 and a half percent lower. Now some of the other top stories that we are watching this morning. President trump said its time for america to get back on its feet and get back on the economy. During fox news town hall at Lincoln Memorial last night. At some point we have to open up our country and people will be safe, weve learned a lot, we learned about the tremendous contagion. We have no choice. We are not going to have a country left. These are workers, these are people that want to get back to work and at a certain point if you keep going too long its not going to happen. Maria restaurants, gyms, groomers, salons, all begin to go reopen. President trump wants to see schools and universities reopen this september, the president predicting Coronavirus Vaccine may be available in december at cases approach 1. 2 million. Nearly 60,000 people have died so far from covid19. So far more than 180,000 have recovered from the virus in the United States. And Dallas County seeing Record Number of coronavirus cases, new cases as the state starts rolling back, 234 new cases yesterday, largest singleday jump during pandemic. Possible side that the outy is nearing its peak. Greg abbott relighting restaurants, businesses to reopen at partial capacity. And a possible gamechanger in the battle against covid19 headed to u. S. Hospitals this week. The ceo of Gilead Sciences in broadcast interview said company is donating entire supply of remdesivir to help more than 150 patients, shares of gilead higher by almost 2 . Senator warren topping the list of democratic voters for Vice President spot. The former 2020 hopeful ranking 36 of the vote, senators Kamala Harris and Amy Klobuchar also making the list. More than half of those saying that the Presumptive Democratic nominee joe biden should make a bold choice in his Vice President ial pick. The former vp has pledged to select a woman as his running mate. Covid19 forcing j. Crew to file bankruptcy protection. J. Crew will hand over control to lenders and online sales will operate normally at j. Crew. Looking at markets this morning, we are looking at down at start of trading, investors are weighing the reopening of the economy along with renewed tensions between United States and china. Dow industrials down 278 points. Stocks closing lower on friday as well. Joining me right now Vantage PointInvestment Adviser wayne wicker and fox business Dagen Mcdowell, pollster and the president of maslansky partners lee carter and wall street journal writer Jon Hilsenrath, great to see everybody this morning. Lee great to see you. Maria more tough numbers on jobs, wayne wicker, the u. S. Economy could see historically high rate in 2021 according to the administration despite the current Economic Contraction caused by coronavirus. Here is a listen to what National Economic adviser larry kudlow told me yesterday on sunday morning futures. We have all seen the numbers in terms of Second Quarter, we are looking to contraction up to 30 just in the Second Quarter, youre saying that youre expecting growth in the Third Quarter, larry . Maria, they are looking for growth rate in Third Quarter would be well over 20 . We want to move towards longrun growth incentives. Maria wayne, what about that, do you want to invest with that kind of expectation that Third Quarter, Fourth Quarter 2021 already strong . Wayne well, maria, i think that certainly coming off of a low case that we have today the numbers will be pretty attractive. Having said that, we have to be careful that the con sense consensus assessment is well above. I believe we will get there but its just going to take a little longer. Maria how are you investing today . You always have to be in the time in the market and not timing the market. You have better cash flows, better balance sheets. Places like health care, theyll be the hero of the crisis and health care will be places where investors want to take a look at even though the names have run a bit. Maria Jon Hilsenrath. Jon you know, i want to say one thing about Larry Kudlows remarks. I think it is true. The economy is going to come back and americans should feel some sense of confidence that we will come back but on this point that we will get 20 in the second half of the year. I like to think about the economy its like a bouncing ball. If you drop a ball from the first floor of a building, you will get a bounce from the first floor. You drop it from a tenth floor you will get a much bigger bounce. You can say thats a great bounce but you drop from the tenth floor building. I think we have to be careful about how we think about and talk about whatever rebound because its coming off a historically large drop. What i want to ask wayne is, is the market now with or ahead of the Economic Outlook . The market isnt far off of its high and some people say its getting ahead of itself and what its looking on the other side of this . Wayne i would agree. We had historic month of april and it was pricing where we were back follow 2019 when we hit the high last week. Certainly the economic environment today is not even close to where we were even six months ago so i do think that the fundamentals of the economy here were ignored to a certain extent as we look forward to the second half of next year that larry kudlow was just referencing. Maria dagen. Dagen wayne, do you think investors are factoring what the road ahead into the next year and the year after that might look like for many of American Companies and im thinking about workers demanding higher wages, potential unionization of the chains that have stayed open and had their workers who are literally running cash registers on the front line of fighting the virus. I think theres a ground swell that is going to happen in terms of people demanding higher wages and better compensation in many of these industries and is that really being factored in to stocks right here . Wayne so dagen, i think youre right that theres going to be tension between employees and employers over the next 12 to 18 months. I think in the current environment people are just scared and so many people lost their jobs that in the next few months that may not be a bit of an issue but as we start to come back and we will come back, i think that youre going to see bolder moves and coalitions of employees asking for higher wages and moving above where we are today. I dont think that theres any question about that. Maria real quick, wayne, this weekend obviously warren buffet had virtual annual meeting and is bailing on the airlines and saying that the airlines have to face a very tough couple of years, do you agree with that in terms of airline stocks, despite the fact that they did get Financial Aid package . I think we have to step back as warren buffet was talking about. Structurally has just changed. I dont have any Airline Travel at the moment and many suggesting third or Fourth Quarter this year before you take your First Business trip. So i do think in that regard youre going to have very a real problem with the airlines in the near future. Maria all right, we will leave it there. Wayne, great to have you this morning. Thanks so much. Wayne thank you so much. Maria wayne wicker. We are just getting started, later this hour we are talking with pennsylvania congressman guy to talk about the latest on general flynn and the ceo of roech is here, getting Emergency Funding, next hour former attorney general Jeff Sessions to talk about the latest on china as well as general Michael Flynn and in the 8 00 a. M. Hour former Los Angeles MayorAntonio Villaraigosa and dont miss a moment of it, big show, it is monday morning right here back in a moment. When its hot. Stay cool. When its cold. Stay warm. When theres a lot to do. Do it all. And do it right. Without breaking a sweat. With the comfortable, versatile new kubota lx series. Show me what youre made of. So we showed it our people, sourcing and distributing more fresh food than anyone. Our drivers helping grocers restock their shelves. How were helping restaurants open popup markets. And encouraging all americans to take out to give back. Adversity came to town. So we looked it in the eye. And it wont be us. That blinks first. Maria welcome back, investigating the investigators and the origin of the russia probe. Internal fbi documents discussing getting Michael Flynn to lie. I spoke with jim jordan and trey gowdy of their take away from the leaked documents. We had an adialogues dump of documents this past week. What struck you . That there was absolute no evidence that Michael Flynn was an agent of foreign power. So they are about the lose the investigation without interviewing him. Keep in mind they had no interest in interviewing Michael Flynn and theyre about to close the case and you get the call with kisliyak. All that happened in 3 weeks time and they were willing to do include going after 3star general that served our country for decades. Maria joining me to talk more about that house judiciary member guy reschenthaler. We continue the see the notes, handwritten notes and we will get more this upcoming week right now about the fbis intent. They were trying to take down anybody they could from the trump campaign. How do you think this plays out . Well, maria, i want to say that they call this chilling. You had james comey, nevertrumpers going into the white house talking to Michael Flynn who at the time is the National Security adviser and they were on a fishing expedition. There was no crime. The investigation was about to be shut down but the top official decided to keep it open and get him leverage and get him fired and if the fbi can do this to 3star general, the head of the nsa, if they can do to President Trump as nominee for president , think of what they can do to average joe, clear abuse of power and they try to catch Michael Flynn in a crime on a fishing expedition. We should all be concerned about that, maria. Maria yeah, thats the bottom line. If youre going to see bad cops just putting their finger on the scale and decide to go take somebody down because they dont like whats happening with the country, they dont like that 50 million plus people voted for President Trump, then what could happen to average guy and gal out there if theyre going to do this to sitting nsa director and sitting president , by the way, is this the first of dominoes to fall because theres a ton of information that i know has happened about inform antidepressants running into Campaign People that we still havent been talking about yet . Well, yes, i do, we have to wait for Durham Report that will be released. Let the American People what went on and how the cabal at the fbi politicized and weponized that institution and in second step should be to prosecute those who abuse power to the fullest extent of the law and that way we send a message to future fbi directors and top on Law Enforcement agencies and frankly all top bureaucrats because some of them played politics above country and above institution. Maria yeah, youre really going to see accountability so that the fbi can be trusted an the system is fair. Let me ask you about reopening the economy, how is it going . The pennsylvania governor announcing that the state would start easing restrictions on businesses on friday. President trump spoke out over the weekend urging states to get back to work. Congressman, what are you expecting, can you do that in your state safely and do you think we will get back to growth and back to business soon . Well, i think we should reopen. Its time to get americans back to work and this is a reopening for higher death count. We are over and the other end of the bell curve so we should reopen and thoughtful and nuance about it but in pennsylvania in particular the vast majority 65 of our deaths have taken place in Nursing Homes. Why are we not more focused on the most vulnerable in our society . Why do we not deploy more resources to Nursing Homes instead of just adding blanket one size fits all orders which has decimatessed the economy. We have largest unemployment claims in pennsylvania and fifth largest in population because the governor has taken one size fits all approach and crushed our economy but i think the good news is that once we start to reopen the fundamentals of the economy are still the same. I think we will have a speedier recovery especially if we can reduce regulation and payroll tax payroll tax cut and do something to stimulate the economy. Maria congressman, thanks very much for your insight. Guy reschenthaler. When we come back unusual show, big camping spot, one man arrested in happiest place on earth. We will be right back after the short break. Some Companies Still have hr stuck between employees and their data. Entering data. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Staying connected your way youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. Maria welcome back, chinas deadly covid19 coverup. Alarming new report from department of Homeland Security confirms what we have been reporting saying that china deliberately downplayed the severity of coronavirus in order to hoard critical medical supplies in order to fight the outbreak. Increased exports and decreased exports hiding virus if january. You heard it last month white house Peter Navarro telling me in april that china cornered the ppe market on sunday morning futures. So that was that and then here is what i think should be very disturbing to every american, during this period of time, that 6week interval when they were hiding the virus from the world. China went from a net exporter of personal protective equipment. They are the largest producer of that in the world to a large net importer, they basically went around and vacuumed up virtually all of the ppe around the world including a lot from this country which was for humanitarian reasons sharing our ppe with them and what that did was lead people in new york, milan and everywhere in between defenseless when it came time to have that ppe. Now whats happening today which which is equally alarming is china is sitting on that hoard ppe where it cornered the market and profiteering. I have cases that are coming across my desk where masks made in china are being sold to hospitals here in america as much as 8. Maria unbelievable. Dagen mcdowell, weigh in here. Ive got the list in front of me and i know ive been reading this list over and over on this program for weeks now. Face masks increased by 18 fold from the four months proceeding january 2020. Goggles increased 260 january and february of 2020. Surgical gloves, china bought an increase of 242 in january and february and oxygen therapy, cornering the market even though, dagen, they are the largest producer and already produced half of the worlds capacity of this prote