There are two parts to the story here. The first is the spike in coronavirus cases which the market seems to be shrugging off. But the second part is stimulus, extension of the ppp program. Which is more important right now. At least when it comes to investors. I think the shrugging off part is the most important. Investors saying no matter what happens with the coronavirus well not go back into lockdown and number two, the ppp and other stimulus measures will over the past several months help dampen the blow lets say. Jackie right. Sometimes the markets can be spot on sort of looking forward. You mentioned the fact they think no more shutdowns. Well continue to recover. The economy is going to reopen slowly but surely. Sometimes the markets will get it wrong. What if there is an unforeseen event here . What if the young people that are contracting the virus do potentially spread it to the more vulnerable and older populations . What if the market is miscalculating adam . I dont think it is unforeseen event at all, that youre describing, jackie. It is a foreseen event and it is probably what es e is going to happen. The as you say the market on some days gets it right and on other days get it wrong. It is what it is. Seems to me mortality rates will follow case rates and, maybe some things wont shut down but many, many things will. So i think well see days where the market doesnt have such a cup half full view as it has today. Jackie final question, real quick, look at the nasdaq, another record day. Do you think tech has moved too far too fast . Some investors are saying, you know, it is a little too hot . Well on one hand, sure, the tech cant outrun the economy by, you know, it cant lap the economy by too many laps. That said, these tech stocks are way better than the rest of the companies in the economy and so, it is not wrong that theyre out ahead. It is just a question how much they should be out ahead by. Jackie think about a company like amazon that has done so well during the pandemic because its been providing services to so many folks who need things. Adam, stick around with us. Ashley, over to you. Ashley jackie, thank you very much. Time now to head over to Edward Lawrence at the white house for the very latest developments in washington. Edward . Reporter you know the president , talk about coronavirus and vaccines the president says well have a vaccine long before the end of the year. The markets may have liked those comments here even though the white house is defending that comment even though the fda commissioner would not go that far in an interview. He would only say once the science permits it there will be a vaccine. There is positive news towards a vaccine. President is saying 99 of the coronavirus cases are harmless. The white house backing up that statement. Listen. The president was noting the fact that the vast majority of americans who contract coronavirus will come out on the other side of this. Of course he takes this very seriously. Of course no one wants to see anyone in this country contract covid. Why the administration fought hard to make sure that is not the case with our historic response efforts. Reporter masks are part of it. The white house says masks will be handed out at the next Campaign Rally next saturday. On the payroll protection program, the white house says it was successful program. The press secretary will not say whether the president will push that as part of another round of stimulus. Only that he wants to have payroll tax relief. Ppp funding, they have done an extraordinary jobe with that. Small businesses across the country have gotten it. We kept people on payrolls. Were very pleased with the progress thats been made there and the continuing functioning of the pp. Reporter would he veto a bill that would not have the payroll tax relief in it . I dont want to set parameters or conditions. That will be up to the president when the bill arrives on his desk. Reporter there were dozens of questions in the briefing about the confederate flags and confederate stat tuesday at the end of briefing, there was not one question about dozens of deaths that happened across the nation in chicago, new york and elsewhere. Ashley edward, thank you very much. For the very latest details on the coronavirus pandemic, lets go to fox newss Jonathan Serrie who is in atlanta. Jonathan . Reporter hi, there, ashley. We crunched the latest numbers coming out of Johns Hopkins university to get a picture whats happening with the new surge in coronavirus cases and what we found is the sevenday average of new cases increased 134 over the past month while deaths decreased 39 during that same period. What does that mean . Experts say much of this is because fatalities can lag more than a week after hospitalization but also patients getting infected in this second wave tend to be younger and doctors are improving their ability to care for hospitalized patients. Florida set a record for new cases, 11458, over the 4th of july holiday. City of miami beach closed its beach to discourage crowds. Neighboring, is asking to close gyms, Short Term Rentals starting wednesday. Texas question closed bars reported highest single increase on july 4, 2858 new cases. That is in a single day. New york city, once the epicenter of the outbreak is trying to maintain a downward trend by keeping restaurant dining rooms closed as the state or the city enters its phase three reopening today. We got so much data from around the country, indicating Indoor Dining unfortunately became a real nexus for infection in a way that other types of, you know, Economic Activity werent. Reporter over the weekend the World Health Organization announced discontinuing Clinical Trials of the drug hydroxychloroquine and lopinovier as treatment for hospitalized patient the. W. H. O. Said interim results suggest that there may be safety concerns. They didnt really show any difference in mortality rates. Ashley, back to you. Ashley no doubt, the cases are up. Jackie, back over to you. Blockbuster deal. Uber is going to buy postmates for 2. 65 billion in an allstock deal. Adam lashinsky is still with us. Lets talk about this deal because uber went after grubhub t wasnt able to purchase that company and they wanted to make sure they were going to get postmates to fold that service into uber eats. Your thoughts . Well, uber is sort of revolutionized the transportation world to create an verb, i will uber there but the uberbusiness collapsed with covid. It was never a moneymaker to begin with. A few years ago uber started to make food delivery from restaurants, that is known as uber eats. That is one thing that is eating right now. What we see with the failed grubhub acquisition and potentially successful postmates acquisition is uber more than doubling down on the one strategy that is providing growing revenues for the company right now. Jackie lets talk about the price tag for a second, 2. 65 billion. It was higher, negotiations occurred over the weekend and it was reported last week and last week sources were telling me postmates said if it didnt get the dollar value it wanted it would go ahead with an ipo. But you look at a number like that, adam, in the kind of market were in, in the Technology Market that could be a little top heavy, you say investors are bitings here. Uber was up 6 today. Theyre biting. To investors, investors are the hammer that everything looks like a nail and this nail here for uber is cost cutting. So by buying a company that has some presence, big presence in los angeles, one big american city, investors can see how uber can cut out another layer of their own administrative costs and be somewhat more efficient and they can translate that into a 6 gain on the stock price but youre, the way, your initial question is, is spot on. It is a very, very high price tag for a company that maybe could have gone public, maybe couldnt have. Jackie lets take a look at facebook, adam, because it is under fire. Walgreens joining more than 500 companies to pull ads from the tech giant over its handling of hate speech. As Ceo Mark Zuckerberg prepares to meet with civil rights advocates behind the complaints tomorrow. You know, zuckerberg has been very strategic in this whole situation. Maybe twitter being a little bit more proactive here. But perhaps his sitting back and being a little bit more cautious and hesitant to act, do you think it will cost facebook . I mean, it might. Heres my guess. In the short term yes, in the long term no. I agree with you, he has been very strategic. I listened to some of these companies. I think the original rallying cry was were going to, were going to boycott facebook in july. When i heard that, i thought to myself, what do you mean in july . I mean the fact is facebook produces for these companies. This advertisi works. So my cynical prediction is that the advertisers will come back because it helps them do business. Jackie how much does it move forward the conversation, adam, how much control these companies should have . What they should be censoring, what they shouldnt be sensorring . Are they social media companies. Are or are they Tech Companies . Or publishers. Jackie right, publishers. I think it moves forward the conversation and this, you know, the conversation in washington where these, where the ceos will come and talk about it, it all moves it forward. My sort of question or challenge is, then what . We know nothing will happen in 2020. We have to wait to see what the congress and the white house look like in 2021. Maybe something will happen. Maybe they will even do a better job of screening the awful stuff off their platforms which broadcasters and publishers we understand today take care of because they have to. But maybe they wont. Jackie it will be interesting to see for sure. Something very closely watched. Adam, thank you so much. Ashley. My pleasure, thank you. Ashley just another look at todays tech rally. Amazon closing above 3,000 for the first time but microsoft, apple, tesla, having big days. Netflix also hitting a new record, yes, the nasdaq up 2. 25 . That kind of day for big tech. All right, moving on, a nation on edge. Vice president mike pence meeting right now with the Coronavirus Task force as local leaders grapple with a safe path forward. Well have the very latest on the National Strategy with the coronavirus. Plus a possible break through drug. How one Biotech Company is leading the charge in the fight against covid19, and what it could mean in the race for a cure. And the nfl under pressure. The Washington Redskins are considering a name change as a growing list of retailers pull the plug on the teams merchandise. Stick around. Hey, can i. Hold on one second. Sure. Okay. Okay safe drivers save 40 guys guys check it out. Safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him hes here. Hes right here. Hi hi. Hey thats totally him. Its him thats totally the guy. Safe drivers do save 40 . Click or call for a quote today. Safe drivers do save 40 . Weve always put safety first. And we always will. For people. For the future. And there has never been a summer when its mattered more. Wherever you go, summer safely. Get zero percent apr financing for up to five years on select models and exclusive lease offers. Ashley a Coronavirus Task force meeting is underway at this hour. Vice president mike pence joining with other members to discuss the uptick in virus cases across the u. S. The administration insists there will be no mask mandate despite calls for a National Strategy. Take a listen. And yet when we look at masks and wearing of masks, thats done on a location basis, when you cant have social distancing but certainly a National Mandate is not in order. Were allowing our governors and our local mayors to weigh in on that. Ashley all right. Here to discuss is Dan Henninger from the wall street journal. Dan, great to see you. Youre also of course a fox news contributor, cant forget that. Dan, i get the sense this will be a growing, growing issue for the democrats. Cuomo blasting the president accusing him of enabling the virus, downplaying the threat of the virus, pointing to what they say should be a National Strategy. What is your opinion on all of this . Well, looks to me, ash, though it is going to center around the idea whether we need a quote, unquote, mandate to wear masks at the National Level and, i mean, just think about it for two seconds and its quite obvious a mandate would not be in the least bitten forcible. What police out there is supposed to run around chasing people who are or not Wearing Masks . It would same reason a lot of the social distancing does. Ash, there is a lot of public mistrust of authorities on the coronavirus. They keep getting mixed messages. It is not clear what people should do. Partly that is because the coronavirus, the science itself is not wellunderstood and so the authorities have kind of defaulted to the most conservative points of view on this. And that with reopening is a point of view and a position that really has been breaking down. I think it has been difficult to convince people to do things like this. Ashley i think youre right. I want to pull back, just talk about the Trump Campaign in general. It was interesting, i was watching karl rove and he was saying, time for the trump Many Campaign to hit reset button. When youre in the barrel, a lot of bad press, polls are against you, you need to do something to move in a different direction. That is ma i mean by reset. Ashley is he right, dan . Is this time for the Trump Campaign to reassess and perhaps remessage . I dont know whether i go so far to say they need to reboot completely. I would like to emphasize two things. The country has just gone through an extraordinary period. First the pandemic, unlike anything in our lifetime, maybe going back to the polio epidemic back in the 1950s, and second the nonstop protests running for nearly five weeks now over the killing of george floyd. This has been a lot for the American Public to absorb. I think people are looking for a period of stability now and normalcy and reset really has to be kind of in the heads of the American People. I thought the president made a very good start in this respect with that speech at Mount Rushmore where he pushed back against the politics of the left. Talked eloquently about what the United States represents and that is an argument that i think could carry him pretty far into the election. Especially since the democrats and their standardbearer, joe biden are indeed affiliated at least spiritually with what the protesters are demanding which is a complete revision of the american idea. Ashley yeah, the speech you talk of, the one the New York Times called dark and divisive. Talking to joe biden, he has been tweeting and writings opeds, says hey, listen the president right now is derailed us from democracy. Im going to transform this country. My first thought was, well youve been in politics here for more than 40 years, what exactly have you transformed up to now . What do you think, dan . Yeah. That is really good question. I mean he has not been a major figure other than the fact he was a senator for a long time and then vice president. Look, were going to have the conventions. Probably they will be virtual. There will be a lot of speeches. I dont think there is any doubt, most of the democrats will be aligning themselves with the protests that have taken place, expressing a vision of america that i suspect a lot of americans dont share and then, joe biden himself, is going to have to appear at these conventions. He will have to campaign and indeed debate donald trump. If i had any advice for the president , it would be to let bidens behavior speak for itself. You do not have to take this guy down personally. He will do it to himself. The demeanor that the president showed and displayed at that Mount Rushmore speech was extraordinarily effective. I think thats kind of what the American People are looking for here over the next four months. Ashley i think you are right. Dan henninger as always. Great stuff, dan. Thanks for joining us. Jackie, back to you. Good to be with you, ash. All right. A slow return to the skies. July 4th weekend setting a new travel record since the start of the pandemic but airlines are still facing a long road to normalcy. Were live from Laguardia Airport where things stand. That is coming up next. How one College Student family is riding to improve rideshare safety after a heart break. Usaa is made for whats next no matter what challenges life throws at you, were always here to help with Fast Response and Great Service and it doesnt stop there were also here to help look ahead thats why were helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and thats just one of the many ways were here to help the military Community Find out more at usaa. Com thats why ive got the power of 1,2,3 medicines with trelegy. The only fdaapproved, oncedaily 3 in 1 copd treatment. With trelegy and the power of 1, 2, 3, im breathing better. Trelegy works 3 ways to open airways, keep them open, and reduce inflammation for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure be