Was nasdaq and s p 500 down almost 3 . Add boycott slit sit Major Companies pulling out of advertising dollars from social media giant is costing Company Millions anding to surngd pressure and down two and a a quarter percent right now. Boeing takes flight test of the 737 max begin this is week. The stock is up on the news this morning premarket up close to 3 and Federal ReserveShopping List essential bank releasing name of companies that it is purchasing Corporate Bonds from. Including automakers, telecommunication companies, even beverage cocacola, plus china take more steps to plan down on hong kong frms and beijing says it will impose visa restriction on americans with what they call egregious conducts on Hong Kong Related issues. Mornings with maria is live right now. Global markets look like this european indices highser with the up a third of the percent and paris up about 16 points also a third of the and dax is higher than 34 points twothirds of one percent. In asia across the board as coronavirus cases surpassed 10 million cases now worldwide. Worse performer overnight was japan and nikkei average down two and third percent as you can see. Now some of the top stories that were waving this morning number of global coronavirus cases sure passing the 10 million mark with number deaths topping 500,000. The u. S. Is the worst effected country with more than 2 and a half million cases and more than 125 thousand deaths. And coronavirus cases meanwhile as is yesterday. Florida reporting over 8,000 cases. Texas surpassing 5,000, and arizona nearly reaching 4,000 cases there. At least 17 states nation wide are either pausing or reversing their reopening plan as of yesterdays. In california, governor gavin new . Is ordering bars to close in 7 counties including los angeles bars and breweries asked to enforce strictser dinein rule or to do just takeouts or pats owe services. Four minneapolis all expected to appear at the same hearing and could enter pleas today and Minneapolis Police announce new rules for body camera video officers will no longer be allowed to view videos before finishing police report. The change coming days after city Council Voted to dismantle its police force. President trump meanwhile pushing back on a New York Times report which focuses on russia, offering bob p bounties to kill american troops in afghanistan tweeted they didnt find this info credible and did not report it to mess or the Vice President. Possibly another fabricated russia hoax maybe bit fake news New York Times wanting to make republicans look bad writes the president. The New York Times reporting that president s and National Security counsel discussed the russia bounties in lates march congress is demanding more information. Trump administration is et set to brief select members of congress on the report later tealsd. Meanwhile boeing reportsedly set to begin critical test flights for the 3737 max jet thats happening as soon as today. The faa approvinged flight as looking to return the 737 to Service Later this year. The jet will be put through a series of extreme maneuvers over Washington States. Pilots also will test changes to software blamed for two deadly crashes that grounded 7. 737 in march last year and they are up 3 and a half percent. Lets take a look at market this is morning futures edging high per ahead of the open coronavirus casing fueling concerns about economic reopening and thes recovery. Friday selloff, of course, wiping out nasdaq gain for the week the dow, s p 500 also down for the week and, of course, this is the keekoff tickoff to the quarter rengdz on tuesday and join me equity strategist and president of partners lee karster. Pwc partser in and real mr. Speakers let me kick it off with you linda approaching 9 end the quarter. Are you expecting any window dressing, any end of quarter moves, that could lead the direction of this market right here . Yeah. I think so. I think that we end the quarter in a little bit more nervous about what future holds and a lot of people have been piling into the cyclical in the last several months theyve had a fantastic run. Ping some money would be taken off the table and we have fed done the same. July fourth here around corner next weekend here we are at the half point of the year. What do you expect second half . Well, you know the summer time historically is a grind and when you give back give and take june has been just a range 3,000 to 3200. We went way heated of probably what we should for the year. And so to expect a pullback of 3,000 looks like complengt supports here for a while. But most people expect a fullback and expected fullback maybe s p 2900 and maybe we dont get that much off. I would think that we should have some pullback that would be a very nice viable one and we should move into the end of the year and more about the virus and what it means and lots of evidence that there really is surplus stimulus behind another stimulus coming to our governments. Very difficult to see here. Maria make sure before we get to that we have the june employment report this week on thursday morning. The economy expected to add 3 million jobs, up from mays gain of 2. 5 million. Youve also got key enings out like macys so mitch tell me if the week that were in here. Because theres a lot of Economic Data and expecting an increase in jobs. I think i have on tuesday Powell Mnuchin before the House Committee i think theres a lot of focus on stimulus that will continue to come from the fed and perhaps fiscal stimulus that could come from congress. So i think all ears are going to be on that. And i want to dig deeper on to that with linda. What is the market looking for in terms of potential another round of stimulus coming from the administration and from congress . And what if anything is baked into the market in terms of an expectation there . Well the consensus around 1 trillion i think some are pushing for one and a half trillion dollars. I dont think that the market is expecting that theyll be a big infrastructure plan more money being just pushed just direct fiscal stimulus directly out to again the Small Businesses, and individuals to continue what look like would be a july 31st money just, you know, leaving and, i mean, bad news is theres still 20 Million People unemployed. And i really do hope we get a good employment number thats the real i think the beg linchpin here so thats sort of support lots of discussion that there wont be targeted for various industries. And i think in and around a trillion dollars you should get bipartisan support for this even though it is an election year. I think that the market is so thats sort of the question mark right now because youve got now more states either pausing or stopping their reopening. And thats putting in question what this recession looks like, and the recovery. White house trade advisor peter weighed in with me yesterday on sunday morning futures heres what he said about a rebound. Lare are rei with fox busines and he said 20 in the Fourth Quarter is that possible . First of all were going to have a strong e are bound from the depght of the china virus depression but its also true that we are going face many years of working our way through these structural adjustmentses that are going to happen in our urban areas as well as in key sectors like hospitality, entertainment, sports, and education. Maria linda are you in the v camp in term of a pretty good snapback for this economy and which industries would be allocating capitol to in the second half of the year . Well weve been in the i guess the swoosh type of a recovery. But wondering more and more if it is a vshaped recovery, i mean, going to what navarro has said it is reallying unfortunate for Small Businesses. It is just were having here in pittsburgh, pennsylvania where were head quartered slowing down and theyre telling bars and restaurants you know you have to keep your mask on until little minute your food comes to table it is a death mill to so many of the restaurants but Bigger Picture for the economy and whats really interesting that the average wage of the social distance people have lost their jobs is just 35,000. This hurts the lowest income cohorts which is where we really need to keep the stimulus going we really need to try to get those jobs back for the economy as a whole, though. Had shown that it is doing much better remotely working remotely than many, many would have thought, and in terms of an industry and sector that really, really needs to get involved in this, and that people have been very negative about it would be the financial sec for a big piece of the marketplace and were gong to grow out of this range, we need financials to come in we needed market to believe in them, thats the one where we think as a valued group, it is probably one of the best in terms of secular worries for Creative Destruction and good place to look to put money if youre bullish. Maria letter well leave it there we heard from the fed on banks, of course, no, i guess limitations inned Third Quarter in terms of buyback no buybacks and dividends. Limitations there. But certainly the stocks are trading act fively linda good to see you this morning. Thank you so much. Linda, joining us with the market that has taken up speeds is up 1010 on dow industrials slip into break and getting start this had morning coming up North Carolina republican congressional candidate on the langsd mark campaign. Dont miss that, thats coming up in the 7 a. M. Hour our new segment the words on wall street ill be joined by nancy lazar Washington Crossing advisor kevin and chief strategist david nelson. Well all discuss top market news to look out for this week. Thats coming up and then looking sharp online one Company Looks to telling your suits using Artificial Intelligence. Dont miss a moamght moment of it coming up. Also jordan chang is here to talk about the pandemic and with Michael Milton on the Pandemic Impact on the future of health care all coming up here plus walmart new bonus for frontline workers. Question of to fake a look. Stay with us. Welcome back unresting in hong kong the Chinese Government announcing that it will now impose visa restrictions on all u. S. Individuals who are involved in the hong kong situation this is days after the u. S. Imposed sanctions on chinese officials. Accused of curving freedoms in hong kong the move comes as Chinese Government is examining National Security law that would tighten its control over the region that is the Chinese Communist party, getting more aggressive on sunday morning futures i intoak arkansas senator tom cotton about this and china aggression how the corona striers is being used by the ccp as a tool to gain more ground. Chierch you have said is using this pandemic as an opportunity to gain nor ground. Can you tell me about it. Chinese communist if party is certainly using the pandemic to try to assert claims and take very aggressive action against almost all of its neighbors go around the horn you started in india high up in himalaya china invaded and in hong kong they passed legislation that violates their International Commitments their commitments to people of hong kong that is essentially going to turn hong kong into what comien is and against our partners countrying like vietnam they invaded taiwan and taken aggressive action against the East China Sea china is becoming more aggressive than ever. Joining me right now, the author of the coming collapse of china and great u. S. China tech war author gordon chang a pleasure to see you thanks so much for joining us we were showing pictures before senator cotton what we saw was the militarizing of the border. Of china and india so yeah, they seem to have used this pandemic as an opportunity to gain more ground while the rest of the world was dealing with a pandemic. Yeah. Well first of all in the initial stages of the epidemic they then started this mass dploim diplomacy to get will will you that changed what has others call is employer diplomacy weve seen a number of disturbing and aggressive acts including below line of actual control killing of 20 indian soling jeer on june 15th and all of those boths bumping in other incidents in the souts china sea East China Sea, increase tempo of dangerous navy and Global Commons this is becoming really worrisome as china lashing out against almost everybody. What are you expecting this week we have an anniversary coming up in terms of the anniversary of the handover on wednesday. Do you think thats gong create more unrest . Well, china has hong kong authoritieses at chinas direction has denied a permit for what has become an annual tradition the judge july one march by people in hong kong many people expect that by july one, china is going to pass the National Security law for hong kong bypassing honk Hong Kong Legislature this is draconian as senator cotton said this is toal area position making it to different than mainland in many respects because people in hong kong koangt want this. We have seen jimmy joshua wang protest, and we should be giving refuge asylum to people in hong kong. [sirens] maria thats pretty incredible this upcoming are anniversary on wednesday july 1 were going get a new law before we see anniversary overnight so then theres the population, the Chinese Communist government taken extreme measures to control the muslims and new investigation from Associated Press shows pregnancy checks, sterile diseation abortions on hundreds of thousands of women. Some china experts emp calling this demographic genocide gordon whats your take we know a million leaders are currently locked because because they want to studies their own religion but they wont allow them to. Now this. Yeah. This is forced Birth Control forced abortions in many cases, the sterilization is accomplished through torture this is who are horrific this does meet the definition of genocide now this is, of course, in addition to those internment camps which are concentration camps youve got at least 1. 3 million in other minority there is. This is worse than what the third right did prior to the mass exterminationings and yons understand how we can have normal relations with a country like this. Yeah. I mean, ag bar compare xi jinping whats going to china to germany. Thank you so much sir well keep watching a fundamental story for the world well attack a break when we come buck stops here adding to growing list of companies. And nba players making buzzing this morning weve got it coming up. 300 miles an hour, thats where i feel normal. Having an annuity tells me my retirement is protected. Protected Lifetime Income from an annuity can help your Retirement Plan ride out turbulent times. Learn more at protectedincome. Org. Because now you can expewatch all your favorite hulu shows and movies on xfinity. Youre only a voice command away from Award Winning shows like the handmaids tale, to new hits like little fires everywhere. And fx originals you can only watch on hulu. Thats just the beginning of what you can experience with hulu on xfinity. Tv made simple, easy, awesome. Welcome back the Economic Impact of the 2020 election the stock market has been under pressure, under recently but under President Trump it has been, of course, green across the board some investor worry that a blue wave at the ballot box will reverse economic gains. I spoke with arkansas senator tom cotton yesterday on sunday morning futures and he warned of the economic fallout of a joe Biden Victory in november. Watch. Ive got this Company Reports here and cowen and Company Tells ritz clients that if biden were to win Elizabeth Warren will be the key voice on Economic Policy. Joe biden doesnt have much of an agenda in his basement hes been a weather vain for the fad and fashion and softs on soviet union and always votedded to outsource jobs to china why he still to this day for the china is nots one of our competitors but that mean when is he gets in office, hes simply going to be a vessel for the radical left of the democratic party. Whether it is Elizabeth Warren economic policies or the mobs that we see on the streets tearing down statues, in an instance of mob violence or passing dc statehood bill. Lee karster all of those things happening now in terms of that dc state hood the house wants that to happen. The democrats in house nag. Ive got that reports here, and whats your take on this . In terms of what Biden Administration would look like we look at all of the politicians and donald trump is trailing joe bide