The securities and Exchange Commission focusing on disclosure. We will get into it. 8 30 a. M. Eastern. Chairman jay is here live. We will talk about it. Isaias leaving millions without power, the deadly storm causing disruption across the east coast. Did you lose power . Novaxx with trial, research and Development President gregory glen is here to walk us through the progress. Markets this morning look like this. Indications are for pretty good rally at the start of trading. Futures indicating gain 200 points right out of the gate. Dow industrials up 198 and nasdaq up 1. The momentum continues. Up 38 points yesterday, the dow up 164 at the close yesterday and the s p up 11. Gold committerring glittering. Take a look. Up and a 3 quarters percent. 2020 voting in focus. Battle intensify over mailin ballots, the campaign sue it is state of nevada. Plus some of you may have heard but i have a very special announcement later this morning. Stick around, big announcement coming up. Mornings with maria is live right now. Maria Global Markets this morning with firmer tone. Business in the uk growing at the fasters fastest in 5 years. Dax index in germany higher by 135 points. Better than 1 . Asian markets overnight mostly higher, take a look. Asian indices, best performer was korea, kospi index up 1 and a half percent. Nikkei average down a fraction. This morning joining the conversation Dagen Mcdowell and senior fellow and strategist president Mattie Duppler. Dagen morning. Morning. Maria east coast cleaning up after isaias, powerful storm weakening to Tropical Cyclone, killing at least 6 people and leaving millions without power. The storms tornadoes, massive floodings and devastation and destruction in beirut, massive explosion tearing through the port in lebanons capital, at least 100 people are dead, more than 4,000 injured according to red cross. Rescue crews searching for survivors in rubble. Officials blaming ammoniam nitrate. White house officials reporting some progress on the new Coronavirus Relief bill. The two sides working to resolve Sticking Point including jobless benefits and aid package. They hope to have a deal in place by the end to have week. Thats when they leave for another recess. President trump weighed in telling lou dobbs that the economy will stay open, doubling down on taking executive action if a stimulus plan is not taken soon. Grim milestone in coronavirus pandemic, global death toll topping 700,000. This as the u. S. Closes in on 5 million cases. The World Health Organization that crowds at nightclubs and beaches are sparking uptick in cases. Novaxx potential vaccine showing results, we are speaking with research and Development President gregory glen this morning. He will talk to us about the vaccine in next hour, stay with us for that. Business first, disney reporting mixed earnings after rough quarter jolted by the coronavirus pandemic. The company most notably with 5 billiondollar loss largely due in part of shutting down. Take a look, the numbers there obviously below expectations as well. This as disney is reporting 100 million plus subscribers and promise of new streaming service. Joining me to talk more about that Mainstay Capital Management ceo and chief investment strategist david kudlaw and tuna amobi. Tuna, let me kick this off with you, your reaction to disney quarter. Is this what you expected obviously with this pandemic . Good morning, maria. It was a really, really interesting quarter, right, so the meets on the renew line and a couple of things here, so we knew going at theme parks was going take a major hit from covid19 and also the studio, the results of theater shutdowns. Actually had a billion dollars higher up rated income due to deferral of programming costs both on entertainment side and sports side with the shutdown of sports. But overall, more than anything else, maria, they underscore what disney has been doing toward direct to consumer, platforms as you alluded to 100 million for streaming platforms and then actually more interesting that we saw, kind of the film being released into into disney plus as paper view offering. This is revolutionary in terms of how this has been capitalized by the covid19 where the studios, disney taking the lead here to kind of go and release this title into their streaming and then also the 5 billion that they took in International Channels underscores this shaped to streaming and lastly i might add the starbranded indirect customer to count all adult focus brands was actually another major announcement that we saw. All in all, a lot of interest in things to take away. Maria yeah, i think its really important that you mention this live action mula film skipping theaters and going straight to digital. I mean, do you think that this is going to indicate the the future . Many people are balling at the 29. 99 price tag, tuna. Indeed, maria. Its something that we certainly did not see coming but as you alluded the price seems pretty steep. This has been offered in countries where, you know, they can integrate that into dismy plus platform while also in other countries where theaters are open and go ahead and release the title and while disney has as experiment, theres every chance that it could actually portray a trend. Look at universal amc, for example, agreed to shorten theatrical windows. Maria yeah. Yes, its true, that would be, you know, understandable. Lets Talk Technology for a second. David, tech on a tear, nasdaq closing at another record yesterday. Thirtieth record of the year. Broader markets boosted by gains in technology and hopes of Coronavirus Relief. Youve got the nasdaq up at 10,941 right now. Apple meanwhile is nearly near 2 trillion in valuation, david, it is set for 4 to 1 stock split. Whats your take on technology . Well, you know, it was believed by many investors and analysts for a very long time that big cap tech was a house of cards ready to fall and what weve seen if tech continues to go and go and it really what we say tech is eating the world and we look around at Companies Continue to prosper and whether thats in ecommerce or internet stocks, retailers, the large retailers, ecommerce, they are enabled by technology or Technology Companies themselves and these are companies that have solid Balance Sheets and have great cash flows. We see many continue to flow to those stocks in markets, valuations are stretched but they have been stretched for a long time and when we look at the secular growth story for a lot of technology names, it is the place where he want to be. We look at during the pandemic, they became defensive sector during the pandemic holding up well during the initial stages of the lockdown and their secular growth stories is causing them to continue to lead in this market upturn. Maria yeah, i mean, i get the secular growth story. Here we go in a pandemic shutdown and the Digital Economy is just penetrating even more but, david, would you put new money to tech today given those valuations . A lot of people look at apple its still cheap compared to what Earnings Growth is . Would you invest in new money . Yeah, i would. When you look at some of the names and look at some of the valuations, you struggle with it from a fundamental analysis but if you look at the growth story, the growth story thats there and you look at where else we can invest today, you know, we see value stocks have their day in the sun every once in a while. We will see brief leadership. You take the last quarter, the growth index had its best quarter in 40 years and we continue to see growth, continue to outperform because secular growth stories are outperforming cyclical growth stories environment like this and that takes us right back to technology names, thats where we want to be. Maria yeah, all right, we will leave it there, david kudlow and tuna mobi. Great to see you, gentlemen. We are just Getting Started this morning, come on up join us big rest of the show. Fdic chair is here on state of Small Business and the economy as it weathers the coronavirus downturn. 7 00 a. M. Eastern word on wall street, how it impacts your money. Plus race of vaccine, we will speak with one doctor which company is taking pivotal step in fighting covid19. Shes going to be sitting in Judiciary Committee later today in one of the most important witness testimonies. At 8 00 a. M. Eastern tom cotton talking about the washington stimulus battle. Fdc chairman is discussing kodak investigation and Chinese Companies. A big surprise, some of you may already know what it is, but for those who dont, ive got news for you, youre watching mornings with maria live on fox business. Maria welcome back, rising tensions between the United States and china. Health and Human Service secretary alex azar leading highlevel to taiwan. First visit by u. S. Cabinet official in 6 years. The u. S. And china agree today meet later this month to review the implementation of that phase 1 trade deal. Joining me to talk more about that the daily wire writer ian hawworth, things are getting tough between u. S. And china at this point but i guess china did buy that 200 billion in commodities, soybeans that it had promised the United States. Where are we in your view . Well, i think the important thing to think about whenever we talk about china to look at them in context of recent history. I think its very easy to get distracted with certain instances of the news, for example, tiktok is in the news. People are talking about whether or not we should force them to sell it or to close it down. What we have to think about is the Chinese Communist party is evil regime and dictatorship that doesnt care about human rights an we need to be approaching our relationship with them in mind and in my view retreating in arrangement weve had with them, time after time we have learned the lesson, they are not to be trusted on the world stage. I think coronavirus has shown us that and whenever i talk about china, yes, they might follow through with one deal here or there. Its within their interest to follow through. We need not to forget they are evil dictatorship and buying some amount of soybean doesnt change that. Thats exactly right, ian. The truth is we have seen evidence over and over again of steady intellectual property theft which the ccp just refuses to even admit, so how do you see a relationship or a partnership, a Business Partnership taking place over the longterm if its pretty clear at this point that 40 years of engagement have not worked . I simply dont really see it happening. I think the Chinese Government have shown their hand over and over and over again. Its a matter of global naive that we keep falling. The democrats are doing mental back flips to blame trump for everything that happened with the coronavirus. This is a brutal regime and so when we consider that every element of chinese life including media, including businesses are only allowed to exist with the expressed permission of communist party i dont see how in good conscious we can work with them. If you look at human rights abuse, china is the Worlds Largest producer of cotton and 84 of chinas population is produce are uighur and concentration camps. The Chinese Government exemplifies that and yet a lot of people dont really care because ultimately it comes to people like cheap sneakers and cheap electronics, we need to make that decision because the money to answer your question, i dont really see relationship if we are able to look ourselves in the mirror at the end of the day. Maria it seems every time Kevin Mccarthy wants to bring a bill to the floor, nancy pelosi will not do it. Bring a bill to the floor to keep china accountable and i continue to hear. I heard it again yesterday speaking with highup insider that told me that ccp is in constant motion trying to influence policy at every turn, local elections, mayors and congresswomen and congressmen, how worried should we be that the ccp is trying to influence our sitting congressmen and women right now as they try to influence policy . Well, i think we should be very worried and we should assume that they are doing so. I mean, im not really surprise. China is involved in so many areas of world life. If you think about actions on the internet and action through companies spying. We had a consulate in houston that was shut down for spying. The notion that they are lobbying and the issue with the democrats is, due to and a lot of cases trump derangement syndrome they are more focused on 2020 than anything else. The fact that we have who should be our number 1 global enemy china, we should have a bipartisan agreement that we need to change our relationship with them, the democrats are far more focused on maintaining power in 2020 and hiding the fact that joe biden is a terrible candidate that can barely put a sentence together by blaming trump for literally everything that is wrong in the world whether is his fault or not. Bringing it back to the coronavirus, first example, legitimate criticisms of trump when it comes to coronavirus but ultimately its chinas fault. If you tell democrats that, you wouldnt think that china put a step wrong. Its quite horrendous. Maria thats right. You recently wrote a piece comparing it to 1930s nazi germany, we will talk more about that. Thanks very much. Ian ha worth. What if i sleep hot . Or cold . Introducing the new sleep number 360 smart bed. Now temperature balancing, so you can sleep better together. Can it help keep me asleep . 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Maria welcome back, fox business alert, the headquarters will be located in new york and the deal will be completed by the end of 2020. The stocks as you can see are active. Youve got teledoc down and levango held up 2 and a half third percent on the news. We knew that telemedicine has been penetrating even further through this pandemic. Meanwhile theres this, the stimulus showdown continues in washington. Lawmakers inching towards the next round of coronavirus stimulus. Senate Majority Leader Mitch Mcconnell is willing to support the 600dollar Unemployment Benefits that just expired. Mcconnell and nancy pelosi weighed in yesterday. What we are hoping for here is a bipartisan proposal. We are ready to help and as other speakers pointed out get rid of trillion dollars that are related to the problem. This takes time and specificity and we have clearest understanding of what is going to be in the bill and what the consequences are. Maria lets talk about this and the consequences. Dagen mcdowell i want to get your take but first let me welcome back to the page Editorial Page EditorJames Freeman. Great to have you back. James good morning, maria, great to be here, great to be back. Maria lets talk about stimulus. Dagen, it looks like they have to get something done. They are leaving for recess at end of the week, they have to come together in the next 2 days, what do you think . Dagen the republicans did drag their feet in addressing the issue with the 600 extra per week paid by the federal government expiring at the end to have month. Democrats stepped up in may to pass a 3 and a half trillion dollar plan, so the republicans are back on their heels but clearly democrats are not going to go for just a fix for the 600 in Unemployment Benefits. The democrats stopped an effort by two senators trying to pass narrow legislation last week, again, extending this extra benefit through the end of the year albeit smaller, Martha Mcsally tried to do it for a week and nogo from democrats because the goal to load up the pie, its going to be trillions of dollars in state aid, in aid to reopening schools even if the schools dont reopen. Theres billions and billions of dollars that was allocated earlier in the year in an earlier stimulus that has not been spent that is not going to stop the democrats from trying to doll out billions more. Maria yeah, and, you know, the argument james was that the 600 a week was allowing people to make more money staying home than they were making on the job, but the democrats will not give, so it looks like the republicans are going to have to agree to extending the 600 a week. What do you say . James yeah, those sound bites that youve played, the two parties are sounding a lot more friendly with each other right now and i think thats bad for taxpayers and for the economy as you say. You want the incentives for people to work if if it pays more t