Jones industrial average up 16 points but its the nasdaq thats breaking out of 88 points on the nasdaq this morning and s p futures up 4 and 3 quarters staff largest Economic Contraction in u. S. History yesterday, another uptick on unemployment claims push selloff i didnt do, the dow industrials at the close yesterday still the dow, nasdaq and s p 500 on pace for fourth straight month of gains with industrial up on final day of july. Economic recovery, where is the economic recovery headed and what can the fed do to support it . Coming up at 8 10, chief investment offer rick is here and you dont want to miss valuable insight and commentary stimulus stale meat, still no deal with extra unemployment expiring today. President trump does not want to see election day move but also does not want to see fraud. U. S. Appeals court said to reconsider dismissal of his case. Coming up 8 30 a. M. Congressman jim jordan will weigh on latest moves on flynn, the congressmans fiery take away as well. Global markets this morning are higher for the most part, take a look at european indices request ftse 100 is up 4 points and cac in paris up a fraction and dax up 44 points. Number better than 17 that many were predicting. Chinas growth. Somesome of the top stories, pandemic no match for amazon, record Second Quarter profit of 5. 2 billion on 40 jump on revenue from year ago to nearly 89 billion. Amazon benefiting in the shutdown. Apple reporting blow outnumbers, higher revenue categories, apple announced a 4 for one stock split. Facebook and alphabet, Parent Company of google, posted better than expected earnings, ahead of the open take a look at stocks, big tech on big fire, apple up better than 5 , apple up 6 , amazon better than 5 , facebook nearly 6 , google parent alphabet is trading down this morning. President trump responding to the backlash after suggesting the election will be postponed. The president citing concerns over mass mail and voting. In a tweet yesterday the president said the election wound inaccurate and most inaccurate and fraudulent in history. The president defending himself saying he doesnt want to see a rigged election. I want to have the election but i also dont want to have to wait for 3 months and find out that the ballots are all missing and the election doesnt mean anything. Do i want to see a day change, no, i dont want to see a crooked election. This would be the most rigged election in history if that happens. Maria well, members of the Republican PartyHouse Minority leader Kevin Mccarthy spoke out against the election would not be moved. Covid19 stimulus move hitting road block, democrats rejecting offer from President Trump to temporarily extend assistance to help local and state governments along with schools and colleges. Senate Majority Leader Mitch Mcconnell accusing democrats of not engaging in constructive talks. Both to meet today and over the weekend as well. Secretary of state mike pompeo insisting the tide is turning against china as u. S. Ramping pressure against communist regime. We see the Chinese Communist party also for what it is, the central threat of our times, vigorous diplomacy help lead international awakening for the threat of ccp. Senators, the tide is turning. Maria during Senate Hearing yesterday pompeo called out beijing for stealing intellectual property and for cracking down on freedoms in hong kong. Well, former president ial candidate herman cain has died, he was diagnosed after two weeks after attending the rally in oklahoma. Cain leaves behind wife gloria, two children and grandchildren, he was 74 years old. Herman cain was an incredible individual. Big tech with big beats on earnings, rally underway, apple, amazon, google and facebook all ending with gains after better than expected numbers just one day after the ceos faced tough questions on capitol hill. Google reported mison revenue, though, first time its ever done a miss on revenue. Still it beat analyst expectations on earnings amid coronavirus pandemic. Joining me right now anderson Capital Management cfa, Peter Anderson joining the conversation, fox business dagen mcdowell, Fox News ContributorBrian Brendberg is here. Also with us this morning looking at peter about the markets, markets rebounded, thanks for joining us, great to see everybody. Markets rebounding after decline in Second Quarter gdp. We saw contraction of 32. 9 , worst contraction since the Great Depression but hopes for Coronavirus Vaccine keeping some investors optimistic, Johnson Johnson announcing its moving to Human Vaccine trials. Peter anderson, great to have you this morning. Lets talk earnings for a second because we are looking at important ones out this morning like caterpillar, how do things look to you . Well, first off, there were terrific earnings last night as you were reporting, so thats a great situation. I think industrials we are going to have a different picture, right, because the lockdown stocks such as apple and google, et cetera, are playing right into the pandemic now. The the other companies, they are not involved in technology i think we might see some more choppy results but im not worried about that because with a vaccine on horizon, i think that will lift all but it will take more time. Maria do you think that the earnings overall are showing that we could see growth in the second half of the year based on what ceos are saying in terms of guidance . Well, you know, we have to listen to each one of the ceos youre right because that gives a sense of what they think the probability of a vaccine are successful vaccine being implemented into the marketplace so i think what youre going to see half of the people believe its going to take longer, some believe there wont be a vaccine and the other half of ceos would be very positive saying by the end of this year we will have at least some prototypes for a vaccine and then we are off to the races because we desperately need some more clarity about the timing of that and caterpillar and the rest of them, once we do get more clarity i think that analysts will be modeling in much stronger growth. Maria Brian Brendberg. Brian hey, peter, brian here. Does it concern you that congress cant figure out what they need to do next to help the recovery. Clearly we are at a deadlock, we are talking about trillions more dollars in spending. Its not clear to me by the way that the spending will spur growth, wall street seems to be okay with that situation. Are you okay with that situation . Well, its complex, right, because now youre throwing politics into this situation and we are all trying to work very hard at modeling earnings and factoring into a vaccine, when you the politics aspect of that i think that we are happy that congress is at least signaling that theyre supporting us and the fed, et cetera, so i think all of those things are mandate approach but they are not a longterm solution, so sure, it worries me that we havent come to a consensus on that but in the long term i dont think its really going to matter. The only thing that matters now is clarity on vaccines and, for instance, if tomorrow, of course, its too early but lets just assume that tomorrow we came out with a successful vaccine, i think all of the other issues congress is squabbling about recovery package would be secondary to that kind of good news. Maria all right, we will leave it there, peter, great to get your insights this morning, thank you so much. Youre welcome. Maria Peter Andersen joining us. Take a look at morning mover, ford the stock jumping after reporting smaller than expected loss, production was hit hard because of the coronavirusrelated shutdown, also fox, ford is up and caterpillar crossing the tape moments ago, adjusted earnings came 1. 03 a share. Revenue at 10 billion, also a beat. Company says it will not provide outlook for the year, the stock is hoovering near the flat line and indicator as caterpillar is global and is into construction. We will take a look at that. We are just Getting Started this morning, coming up blackrock Global Fixed Income chief investment offer is here to talk about earnings and impact on Broader Market and fed meeting and rockbottom Interest Rates and north dakota senator to discuss mailin ballots and where we are on covid stimulus. Ohio congressman gym jordan talking about big tech and latest on general of Michael Flynn case and we are also keeping an eye on Technology Stocks this morning after grilling on capitol hill and company earnings, stay here for more on big tech. Plus, can you keep a secret . Big announcement to talk to you about but you will have to wait until next week to hear it. You dont want to miss it. Stay with us, youre watching mornings with maria live on fox business. Local audi dea ler. And their financial wellbeing. Since our beginning, our business has been people. Its evident in good times, with decisions focused on the longterm. And crucial when circumstances become difficult. That continued emphasis on people our advisors, associates, clients and communities gives us purpose, strength and a way forward. Today. And always. Maria welcome back, reopening safely, testing for america working to get students back to class, americans back to work and the economy back on track. The nonprofit partnering with a nearly a dozen universities to secure lowcost coronavirus testing, joining us right now Infectious Disease epidemiologist, dr. Adamson, great to have you this morning, thanks very much for joining us. What is your take on reopening schools and and the best way to do it . We have audience who really is interested in terms of whats happening with their children this fall, how do you see it . Doctor well, it depends on what the Community Prevalence is but in areas and communities where the burden of covid is low enough, reopening schools is possible and while its complicated puzzle of policies and, you know, scheduling and, you know, changing air flow, really at the heart of testing is going to be essential to reopen schools safely. Maria yeah, i mean, you know, now its become protocols, its become, you know, common to go to anywhere in an event and go to institution and youre getting tested or youre getting your temperature taken, so tell us more about testing for america and this initiative . Well, testing for america has really helped to identify some of the key components of testing and venders that are able to fulfill the criteria, so, for example, when you test to be well, we need a huge number available, we need them to be highly accurate, low cost as you mentioned and also most importantly right now we need a fast time to results. At max we need 1 to 2 days of testing until the test results are returned, and so testing for america has helped partner colleges, universities and designing protocols for the frequency of asymptomatic testing for different groups and help designed the protocols and connect the groups with testing venders that meet the rigorous criteria. Maria so, dr. Adamson, how concerned should parents be . Doctor one of the things the note about it the population were people who had mild to moderate symptoms and so by default theres a selection bias in that, you know, children are much less likely to show symptoms, you know, only 20 of kids might show any symptoms at all and where adults and older adults maybe 80 of them are showing symptoms. So when we pick and choose, you will find higher loads but would surprise me on average children had the same infectiousness as grownups and we have seen from other studies like the south korean Contact Tracing study that really theres evidence that younger kids under 10 are likely less infectious. Maria so that would be the most important things that schools need to implement in terms of making it a safe environment for children to go to school this fall . What is most important in terms of those safety precautions . Doctor well, you know, weve got to do the basics of masks, opening up windows, adding fans for good circulation and really when we think about ways to protect teachers who could be the ones probably most vulnerable of having that outcomes, that theyve become infected, thats where testing teachers will likely be the most essential parts of reopening the schools and, you know, testing them frequently, you know, on occasion thats appropriate, dynamic according to what the Community Spread of covid is around the school. Maria all right, we will leave it there. Dr. Adamson, good to see you this morning, thanks very much. Doctor thank you for having me. Maria we will see you soon. Coming up President Trump is defending his stance on mailin voting after the controversial tweet yesterday we are keeping an eye after all crushed earnings expectations last night the stocks are up, we are back in a minute. Tada did you know Liberty Mutual customizes your Car Insurance so you only pay for what you need . I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. So when it comes to screening for colon cancer, dont wait. Because when caught early, its more treatable. Im cologuard. Im noninvasive and detect altered dna in your stool to find 92 of colon cancers even in early stages. Tell me more. Its for people 45 plus at average risk for colon cancer, not high risk. False positive and negative results may occur. Ask your prescriber if cologuard is right for you. Im on it. Thats a step in the right direction. Im on it. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com welcome to camp tonsafun on xfinity its summer camp, but in your living room. Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. I want to have the election but i also dont want to have wait 3 months and find out that ballots are all missing and the election doesnt mean anything. Do i want to see a date change, no, but i dont want to see a crooked election. This election would be the most rigged election in history if that happens. Maria thats President Trump defending stance on mailin voting after tweeting this yesterday. We told you at the end of the show. He wrote on twitter with universal mailin voting not absentee voting which is good, 2020 would be the most inaccurate and fraudulent election in history. It would be a great embarrassment to the usa, delay the election until people can properly and securely safely vote, question mark, question mark, question mark. We were all wondering what the president was doing when we were leaving the show yesterday. Dagen mcdowell, one day later, what do you think that was about . Dagen i think i said yesterday that this is one of those bomb that is the president drops on twitter, its a bone he throws in the yard so all democrats, all the people on the left, all the members on the media go chasing it because is it a distraction, it is a little ball of catnip that he throws in the grass and kittens go after it. That being said, anything question mark question mark question mark lets just like not get our trousers in a twist over that. Nevertheless, he raises a huge issue that the democrats seem to be ignoring or acting like that theres no problem, that how are you going to vote during a pandemic that rely tong Postal Service is the way to go here, not only the wall street journal has editorial about this today, new jersey had to disqualify 25 of mailin ballots. The journal had already written about and we talked on the program that the democratic primary between carolyn and saraj patel in new york hasnt been decided yet. Saraj patel joined lawsuit with democrats charging Voter Suppression and had to do with like mailin ballots, not mailin ballots. Preaddressed envelope sent to people so they dont have dates stamped on them and thats what the lawsuit alleges. This is a perfectly legitimate issue that needs to be addressed and now the wall street journal does add if President Trump keeps using the word rig, he should just reconsider participation that if you think that it is rigged and let somebody else run who isnt looking for an excuse if youre defeated. Maria yeah. I think that was so spoton yesterday when you said lets ignore it. I think the tweet came out, dagen, 15 minutes after we got the news that we had the worst contraction we have seen in some time, 32 contraction in the Second Quarter. Brian, what do you think . Brian look, the underlying issue here to dagens point is so important. You know, this is the way that the president raises big issues but im glad he did it. You have the timing of elections, thats one thing but you have the integrity of elections and can you get a result and can we trust a result and mailin voting, look, its been bipartisan basis that people have recognized, mailin voting has problems and right now the Democraticled Congr