nasdaq up 20 and s&p 500 futures up and it was another day of gains with the dow industrials closing 378 points at 4:00 o'clock on wall street. nasdaq up 67 and s&p 34. rioters setting fires and smashing windows calling for justice days after a black man is shot by police. marco making landfall, hit the u.s. with less force than previously thought. the real threat from tropical storm laura looming in the gulf. tiktok suing trump administration over proposed ban insisting it's not a threat to national security. saving american farmers. one famous man coming to the city's defense. mornings with maria live right now. european markets in the green take a look. cac quarante is up 36 and dax index in germany higher by 89 points. overnight, mixed story in asia. take a look, trade representative lighthizer spoke with official. republicans striking optimistic tone on night one of national convention. the gop formally nominating with in-person roll call in charlotte, north carolina allowing 6 delegates from each state. >> four more years! >> you're incredible warriors, you have incredible win. we have to win. this is the most important election in the history of our country. our country is counting on it. maria: president trump will officially accept nomination thursday. tonight's theme land of opportunity. well, extreme weather alert this morning, tropical storm laura turning toward the united states expected to become a major hurricane, the system heads towards texas and louisiana now laura being blamed for at least 9 deaths in the caribbean. marco has been downgraded to tropical depression. the storm making landfall in mississippi river, marco could still bring heavy rains to parts of gulf coast today. forecast improving for firefighters in california this morning hoping to get upperhand in wild fires burning across the state, 14,000 fire crews battling massive fires. the fires scorching more than 1.2 million acres destroying more than 1200 homes and buildings, at least 7 people have died as a result of this blaze. kanoshah on fire for different reasons. the latest flash points of unrest following police shooting of black man, demonstrators allegedly launching fireworks toward police. national guard has been called to help with the unrest. and 33-year-old man apparently first person to be re infected by covid-19, first tested positive in march and again in august 17th with no symptoms. raises wes how long a person is immune after infection. president trump taking to the stage as he's officially nominated for a second term. edward lawrence, good morning to you. >> good morning to you, maria. unusual steps and president in unusual times traveled to charlotte. he's showing highlight and differences between he and vice president joe biden. biden spent all of dnc convention in his house in wilmington and here we have the president making trip to north carolina on first day of the convention and pointing out he's opening the economy. >> biden the other say he would shut it down and he would listen to some guy say and he would shut i it down. we just broke a record on jobs, all-time record, best way to bring unity is success, success brings unity and we were there and then we got hit with the plague. >> and the president touting that he grew one of the fastest economies with history with record low unemployment and he can do it again. last night the president reappeared with number of hostages, six of them that his administration freed specifically from iran and syria and the president also thanked frontline workers and south carolina senator tim scott closed the night talking about the children. >> that's why i fight to this day for school choice to make sure every child in every neighborhood has a quality education. i don't care if it's a public, private, charter, virtual or a home school. when a parent has a choice, their kid has a better chance. >> the trump campaign released its agenda for the second term, he wants to create 10 million jobs in 10 months. other items on the list eradicating covid-19 and ending reliance on china and bringing 1 million manufacturing jobs back to u.s. health care reform which started giving health care choice and defending the police, also keeping immigration policies while putting america first in foreign policy which has done on several trade agreements up to now. back to you. maria: all right, edward, edward lawrence on the president's second-term agenda. futures pointing to higher opening, take a look. nasdaq up 9 points, s&p futures up 11 and a quarter. the nasdaq marking its 37th record close of the year. s&p 500 ended in record territory for the third time in the past week. it closed above 3400 for the first time. trade representative robert lighthizer and mnuchin speaking by phone with chinese vice premier and joining me right now adviser investment chief investment officer jim and fox business dagen mcdowell, the wall street journal senior writer jon hilsenrath and the american conservative union chairman matt schlapp. great to see everybody this morning, thank you so much for being here. last night was the day one of the republican national convention. do you think that markets would be trading this way if they thought president trump was going to be unseated? >> well, good question, maria, we will certainly have to address that question pretty much on a daily basis the close -- we get to the actual election. i think for investor the key take away no matter who wins the market breathes a sigh of relief, of course, the election is not contested. no matter who wins we will have a contested election. we expect volatility will be on the increase precisely because of the election no matter the other concerns hoovering over the marketplace but at least for this morning i think it was the positive trade talk news coming out of china, maybe the shift in the dow towards really the brave new world of failed sports and other factors mainly fear of missing out that's driving a lot of mall investors into a specific-tech sector run creating what we think a bubble in the tech sector but not a bubble overall, we think there's plenty of value flaps in this marketplace. maria: i guess the point i'm making, jon hilsenrath, if we were going to see a massive change in policy and that's what it would be, it's a complete change in policy because the two candidates could not be more different in terms of where they want to go, i think they would be selling if investors thought across the board that we were going to go to $4 trillion in tax increases which is what biden is proposing? jon: it's hard to say, maria, the markets are looking at all the same polls that we are looking at and if you look at betting markets they are looking the same betting markets. they have biden ahead. it's hard to make assumption in the market. we saw when the president was elected there was huge increase and the big issue for investors is what happens to that corporate tax rate, when the republicans in congress -- maria: that's my point. jon: huge boost -- right, but the thing i'm saying right now is that the markets are looking at the same polls and right now they are not betting that there's going to be a big selloff. maria: all right, jim lowell, great to have you this morning, thank you so much, sir, we will keep following it. it's time for morning mover, big shake-up, honeywell all joining the blue chip index starting august 31st, the stocks replacing exxon, pfizer and raytheon technologies. s&p dow jones indices says the move would give the technology sector a better representation in dow 30, comes after apple announced latest stock split and also planned for next monday as you see sales up and the stocks that are out are all down. we are just getting started this morning, coming up, getting your financing in order, how to best position yourself during the transition back to the office and then at 7:00 a.m. eastern world but what investors are watching this morning and jim jordan on first night of republican convention, nikki haley discussing trump foreign policy agenda and 8:00 a.m. hour carter page is joining us once again on latest fallout of russia investigation and former chief of staff of president obama is here with first night of rnc, plus jerry seinfeld hits back defending new york city, you're watching mornings with maria live on fox business. to be more sustainable for a big company. we were one of the first stations to pilot a fleet of zero emissions electric vehicles. the amazon vans have a decal that says, "shipment zero." we're striving to deliver a package with zero emissions in to the air. i feel really proud of the impact that has on the environment. but we're always striving to be better. i love being outdoors, running in nature. we have two daughters. i want to do everything i can to protect the environment to make sure they see the same beauty i've seen in nature. my goal is to lead projects that affect 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very pleased to let everybody know that we brought back over 50 hostages from 22 different countries. we worked very hard on it, ambassador o'brian and others and i will tell you, we are proud of the job that we did. maria: former un ambassador nikki haley speaking out at rnc. >> the former vice president has a record of weakness and failure. joe biden is good for iran and isis, great for communist china and he's a god send to everybody who wants america to apologize, abstain and abandon our values. donald trump takes a different approach. he's tough on china and he took on isis and won and he tells the world what it needs to hear. maria: joining me right now is fox news strategic analyst retired four star general jack keane. general, always a pleasure, thanks very much for being here this morning. >> great to be here. maria: what's important policy decisions in terms of policy, general? >> well, i think president trump and his team really reset the strategic framework that the world was actually facing but we hadn't owned up to it and that is we are in a big power competition with china and russia and while we've been involved in the middle east with the 911 wars and they had a priority and they will always have some degree of attention to those wars and to make certain that radical islam does not involve the united states and reattack us again, that's certainly is a priority and remains so. the real issue is the competition with china and russia and the fact that the trump administration identified china as the long-term strategic threat to the security of the american people and not only that, we needed to have a comprehensive plan to do something about it and i think that is the major foreign policy national security shift that this administration took on and i absolute believe that it's right on the mark. maria: this is really an important point that you're making. the chinese communist party has gotten behind joe biden, the chinese communist party refuses to admit that they've been stealing intellectual property for years, decades and decades. has been taking over various pieces of land, invading india, militarizing the south china sea, what kind of retaliation would you expect from china given this administration's real pushback to all of this behavior? jack: well, president xi has kind of told us what he intends to do, i mean, he's the most ambitious, most aggressive, most malign leader since malsotong and when he took over because he had a robust economy behind him and because he had a military that he knew had been modernized and could challenge the united states in the western pacific, he began an incredible degree of aggression and ambition and -- and i think began to achieve a number of significant results and you've noted them on the show in terms of militarizing the south china sea, the aggression, intimidation, coercion of allies in the region and people began to pull back because of thatment the previous administration never took them on. it was about appeasement and tolerance and then president trump began to pushback. initially on economic aggression but also now much more comprehensively and building a grand coalition of our partners and allies to work together and because we are like-minded. these are democratic countries. european, people in southeast asia, in the region, who do not see the chinese communist party as the future for -- and the future as a global leader, they want -- they want democratic countries certainly to step forward and now what the united states is stepping forward is truly beginning to make a difference, maria. maria: you're right. who would want a communist country running the world. let me get to the middle east now that i have you before you go, mike pompeo to join united emirates to join forces with israel. general, which countries do you believe will follow the united arab emirates in terms of recognizing israel. do you think we will see more peace? jack: yeah, i actually think so and i think that the way to look at it is what -- what countries have been involved in negotiations with united states and israel, there are two that come to mine, one is bahrain and the other oman. the countries that would fall in place. not surprising, the kingdom of saudi arabia will not be ones that come into play because the king was palestinian solution and i think the crown prince who does want to have a deal with israel, it will not take place while the king is alive. maria: very interesting. we will be watching oman and bahrain for perhaps activity in the near term. great to see you, sir. general jack keane joining us with a market that's up 155, stay with us, we will be right back. ♪ ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. maria: welcome back, night one of the republican convention in the history books. gop making the case for president trump. >> they will disarm you and invite ms13 next door. the left wants to defund the police, this is personal to me. i wouldn't be here without the bravery and heroism of the men and women of law enforcement who saved my life. the democratic person does not want plaque people to leave their mental plantation. we have been forced to be there for decades and generations, but i have news for joe biden, we are free, we are free people with free minds and i'm part of a large and growing segment of the black community who are independent thinkers and we believe that donald trump is the president that america needs to lead us forward. >> unlike joe biden president trump didn't choose me because i'm a woman, he chose me because i was the best person for the job. >> when you take on the swamp, the swamp fighting back, they try the russia hoax and impeachment despite unbelievable opposition, this president has done what he said he would do. maria: all right, let's talk about the night, matt schlapp, your reaction a lot of real people in last night's events. >> yeah, i have to say the republican party has an easier job, maria, because first of all, their speakers love america, proud of founders of the country and the whole idea of america, the second thing is we are excited about our nominee. it wasn't about attacking the other guy, it was about talking about our pride in what the president has done and the third thing is after four years after what the president has done, it's easy to forget a lot of it and they are going through all of the accomplishments. joe biden doesn't have those accomplishments and a lot of us don't have fond memories of the obama years so we have easier job to do and they ended up doing it. dagen: the republicans had it easy because the democrats you're either for joe biden or kamala harris or you're bigoted, racist, deplorable, that's the binary choice presented to the american people by many democrats. all republicans had to do is come out and show you the greatness of this country is in its people, it's in accomplishments and accomplish means that were achieved because of the opportunities they seized and the opportunities available because of the very foundation of the nation and the freedoms that exist. i think the highlight of the night and more of this to come potentially was senator tim scott. he told his own story and i will leave you with this, you know, his grandfather had been forced to leave school in the third grade to pick cotton but live long enough to see tim scott elected house of representatives and our family went from cotton to congress in one lifetime, that summed up the night for me. maria: it really did. i was getting the chills with that. it was a big representation from black america whether it was vernon jones, tim scott. dagen: walker. maria: we are talking more of rnc day one and even man's best friend likes extra comfort. best cars for your dog. mornings with maria live on fox business. geico. save an extra 15 percent when you switch by october 7th. ♪ give it up for tara! maria: welcome back, good tuesday morning, thank you very much for joining us. i'm maria bartiromo, it's tuesday august 25th. we are on the rise once again after another historic day driven by positive trade talks between united states and china. dow futures up and nasdaq futures up 17 and s&p 12 and a half. representative lighthizer and mnuchin speaking to chinese vice premier. momentum continues. yesterday's close, duh up one and a third percent and european marks meanwhile also higher this morning. momentum continues. the ftse 100 is up 14, cac quarante up 35 and the dax index in germany up 89 points. in asia overnight, more of a mixed story, best performer overnight in asia was korea once again, up one and two-thirds percent on the pos dye. delta airlines plan to go furlough nearly 2,000 pilots this fall, cheryl casone with the details, cheryl. cheryl: that's right, maria, delta says the october cuts can be avoided if the pilots agree to 15% pay cut but the pilots unit has been reluctant to agree to this announcing that 1800 pilots signed up with early retirement, 25 billion-dollar stimulus funds are set to run at the end of september and airlines says it's overstaff. up a little more than half a percent. well, tiktok is suing president trump over executive order to ban transactions with the chinese-owned company in the united states because of national security concerns. tiktok denies it poses a security threat and accuses the administration of acting without due process amid antichina sent iments ahead of the election. bite dance push to go sell to a group that includes oracle, all this in the journal this morning. microsoft also in talks with tiktok. a story to hear to to believe and you still may not believe it, 22-year-old was declared dead at detroit home, she was transferred to funeral home where she incredibly opened her eyes and was, in fact, breathing, she's in detroit medical center in critical condition. maria: all right, cheryl, thank you. republican national convention kicking off in north carolina last night. the president along with heavy hitters touted the economy and jobs and slammed joe biden's record. >> we just broker a record on jobs, an all-time record, take a look at what is happening with the markets, take a look at 401k's which you probably do every hour, take a look at your stocks, were close to breaking a record. >> last time joe's boss it's obama, this time obama, sanders and the squad. biden and the social i have left would be a disaster for our economy. >> joe biden said if a black man didn't vote for him, he wasn't truly black and while his words are one thing, his actions take it to a whole new level. look at what he already did and what he didn't do while he's been in washington for 47 years. maria: speakers tonight include first lady melania trump, secretary of state mike pompeo and senator rand paul among others. joining me right now editor at large matt welch. thank you very much for joining us. what was your reaction to convention night one? >> well, i think the president has a really difficult road i'm saying in confidence with what matt schlapp was saying earlier he needs to do more when conventions need less. he's been trailing joe biden since mid-june. there hasn't been an uncurvant president this far behind in 50 years, he needs to move to needle of people not included to work for him. i think tim scott did his level last last night and i suspect that we will hear more about the number 47 years of joe biden being in office, but i'm not sure that all the speakers share the same kind of effectiveness there, you know, i'm not sure that the swing voters is going to be persuaded by kimberly shouting about canceled culture and so it's a mixed bag considering how far he has to go to persuade people right now who are skeptical. maria: what did you think of the recent poll that said that when asked who people think their neighbor would vote for, 39% of them said, yeah, my neighbor would vote for donald trump sort of like asking for a friend. i'm just trying to understand the polls better and ask you if you're buying these polls overall given that question just a week or so ago. >> i tell you here in the united republic of brooklyn, my neighbor is not voting for donald trump, that's for sure. we live in polarized times right now and i think part of the messaging that you saw last night. the president is running against portland oregon and running against looters and antifa and hugo chávez and socialism and there are some people who live there or live far away from from there and find scary. i'm not sure we know our neighbors anymore in general. there's reason to believe that we don't great job of forecasting models. it's a different situation this year. we know donald trump right now. he's not a novelty act anymore. he's the incumbent. not quite as funny as he used to be and we are living at a time it's not january 2020 with the economy, it's august 2020 and we are all really struggling right now so more difficult for him. maria: yeah, with coronavirus, dagen mcdowell, jump in. dagen: matt, i want to point out and something that lee carter brought to my attention, the poll with cbs that found ten percentage lead for donald trump among independents and based on early dial testing that independents are tracking the way that republicans feel and it's possible and i'm raising the issue that people we call independents are really just hidden republican voters. again, shamed into being quiet, shamed into not calling themselves conservatives by, well, certainly people in the media and that -- therein lies the hidden trump voter, you buy that? >> as someone who has wrote a book about political independence i -- dagen: i teed you up. >> thanks, dude, 90% of people who describe themselves as independent, they vote along predictable lines. doesn't men republican lines. the poll is a surprise to me because previously from what i've listen looking at the -- independents have been leading towards biden in this election and i thought that was a bellwether. that's some rare green shoots for the president in this election as a total block it's not that independents are more republican, but they are more of a bellwether of where donald trump won, watch the numbers for sure over the next couple of months. maria: yeah, i mean, it's the point that i was making about my neighbor when asked, what your neighbor would do. people are afraid to actually say i support donald trump and so whether it's the poll that dagen raises or the one about the neighbor, that's the whole point. they don't -- you know, this canceled culture, they'll get attacked if they say that they were to vote for him. >> well, donald trump, jr. last night used an interesting phrased which was silenced majority. the question for me and it's an open question for someone who hates what we see on the left and to a different extent on the right right now, the question is how much is that affecting americans in the workplace, last couple of months i heard from a lot of people who say yes, we are having to sit through, you know, sessions and things like that. there's a sense from those people. is that sense that people have in their own media or conservative bubbles because they are hearing, we don't know, we will see if that's a winning message. maria: all right, matt, thank you, matt welch from reason. getting your house in order, financial house, people start to transition back into the office kfc iconic tag line going away temporarily. the reason why coming 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them. but is it secure? sure it's secure. okay, sounds great. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. maria: welcome back, don't let your money slide, warning from remote workers. leave bad habits behind. gerri willis with tips an tricks on how to save money beyond the pandemic, gerri. >> hey, good morning, maria. here is your financial to-do list going bark to work. first and foremost set aside emergency fund. 6 months worth of funds or more. remember, 21% of us have no emergency savings whatsoever. in fact, doing this is more important than paying off debt right now. why? well, because if you are unexpectedly layed off you're probably going the try to tap the credit cards which have interest rate of 16% right now or maybe even borrow from your 401k, both of those are bad ideas. listen to this. >> set up direct deposit into savings and that way it happens automatically. >> second, check your healthcare benefits, do you have a high deductible that has not been met yet, you will want to protect flexible income in what they call short-term disability policy. you can do that when open enrollment start in october and they are the right fit just in case you get covid-19 or maybe something else also. if you don't have a will, lots of companies give you legal expertise. doesn't take a lot of time and if you have a child going to college for the first time, remember that when they turn 18, healthcare professionals, they make keep you out of the loop with information on health care. create healthcare proxy for the child to make sure that you're not out of the loop and finally, well, you remember how you saved so much money when you first started to work from home, well, you want to continue frugal habits, eating at home, bringing your lunch because it would come as a surprise and not a good one when your costs spiral. take any advantage you can, maria, back to you. maria: well, one positive here is that the savings rate has been going up, dagen, you are seeing people recognize they need to stock money away. dagen: right, savings in second quarter was north of 25 percent, so it's astonishing that people have done that and had opportunity because of the care's act i think to take -- take up to $100,000 out of a 401k plan with no penalty, you to pay tax on it eventually but if you pay it back you don't owe the tax. i think you have 5 years to do that. that was a way for people to at least by the way 401q plan, it's your money and doesn't belong to the company or anybody else so that was a huge benefit that at least some people took advantage of and the only thing that people need to stop doing is betting on stocks like it's a casino because i think a lot of young people who used to bet on sports when they went away they started gambling on stock and that only leads to a world of hurt. maria: yeah, we have seen that a few times haven't we? gerri willis, thank you. when we will take a break. when we come back a man's best friend needs to be comfortable, best cars, live on fox business. ♪ ♪ businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. maria: welcome back, time for the morning buzz, first upkeep your hands away from your face, kfc faking a major change due to coronavirus. temporarily losing finger-licking slogan, the iconic phrase being blurred out and still featured in the united states for now. interesting here, matt, what you think? matt: i can't wait to get my big bucket of kentucky fried chicken, socially distance and face shield and you know what would be more gross, maria, eating it with a knife and fork, what are wrong with these people that advise these companies, leave my kfc alone. maria: dominoes introducing the cheeseburger pizza and chicken taco pizza, no, the company adding new pizza to lineup, you can satisfy your cravings with a pizza, jon, taco pizza, what do you think, we all know, i'm a pizza expert, having made pizza for so many years with my dad and my sister, i'm not liking this? jon: maria, i totally agree with your no and i will also say that the only pizza i want to eat is new york pizza. i'm actually going to turn this into a plug for new york. you know, new york's pizza, some people say it's so great because of the water that goes into making the dough, water system was created back in 1800's during power outbreaks and reminder to me that new york city has dealt with disease outbreaks before and led to a lot of good things including great pizza and i'm hoping and prayer new york gets through this disease outbreak and we have another 100 years. maria: we are talking about pizza, jon, is it the water? finally dagen, jump in here. i'm talking about pizza. dagen: the disease is liberalism. we will talk about jerry seinfeld. how long has he been in the hamptons? good luck not beating in the head. it's extremely dangerous. i am here every day. i will leave it at that. maria: feels dangerous. let me ask you about this, hitting the road with your dog, auto trader with best ten vehicles for k9 friends, large rear doors, low floors along with accessories, pet barriers and harnesses, tesla vehicles have dog mode which keeps ac going when the owner leaves the car. more people getting dogs during the pandemic. dagen: i did not know this about the tesla -- [laughter] dagen: dusty and you. the tesla model y, keeps the air-conditioning running so you can go in like we have to go in a service station and go use the restroom and has a panel display that tells basically passengers by of what the interior temperature of the car is. i wish i had read this before i leased bmw, it's been in the shop for some total of 4 weeks. so i hate bmw right now. maria: i can't believe this. you've been bragging about this beamer for years. dagen: worst than a chevy vega. maria: not good . . . ity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. maria: welcome back. good tuesday morning everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, august 25th. rnc night one in the books. i'll be speaking with ohio congressman jim jordan along with nikki haley this hour after both spoke last night in highlighted speeches, plus new york congresswoman elise stefanik will speak tomorrow night. positive trade talks between the united states and china, the dow industrials up almost 200 points. the nasdaq up 19, the s&p futures up 14 and three quarters. the nasdaq and s&p 500 hitting all-time highs yesterday. take a look. the markets were higher across the board with the dow industrials up 378 at 4:00 on wall street. the nasdaq was up 67, the s&p up 34. investigating the origins of the russia probe, senator lindsey graham telling me the fbi showed a, quote, double standard in stopping a fisa warrant against the clinton campaign. former foreign policy advisor, carter page is here to talk about that, plus jim comey's claim that he's not a target in the john durham criminal crop. chaos in wisconsin, rioters smashing windows, calling for justice. marco making landfall, the real threat coming from tropical storm laura, it is expected to become a major hurricane. we will follow all of that for you. saving america's farmers, the industry still suffering even with strong crops. what is needed to grow business today. and the fight to save new york city, at least one critic says the big apple is dead. one famous funny man comes to the city's defense. "mornings with maria" is live right now. european markets this morning are higher, take a look at the indy ease there with the fq100 up 11 and-a-half, the dax is up 104. in asiaover night, more of a mixed story, trade representative robert lighthizer and treasury secretary steven mnuchin speaking by phone with lou ha. the kospi in korea was up one and two thirds percent. joining the conversation, dagen mcdowell, jon hilsenrath and matmatt schlapp. the top stories this morning, some of the biggest names in the republican party making the case for president trump last night as the pro-america candidate on night one of the rnc. many of the opening speeches took place at the andrew melon auditorium in washington, d.c., unlike the dnc that was mostly virtual. the gop formally renominating president trump and vice president pence with an in-person roll call in charlotte, north carolina. allowing six delegates from each state. >> four more years! >> i want to thank you from the bottom of my heart. you're incredible warriors. you have incredible strength. we have to win. this is the most important election in the history of our country. our country is counting object . maria: president trump will officially accept the nomination on thursday. tonight's theme, land of opportunity with first lady melania trump, secretary of state mike pompeo and eric and tiffany trump set to speak at tonight's events. picking up strength meanwhile, tropical storm laura is on track to become a major hurricane within the next 48 hours. the system churning toward texas and louisiana now. laura being blamed for at least nine deaths in the carribean. marco has been downgraded to a tropical depression, making landfall near the mouth of the miss i'mississippi river yester. marco could bring heavy rain to parts of the gulf coast. firefighters in california are hoping to get an upper hand on the fast-moving wildfires burning across the state. more than 14,000 fire crews are battling three massive fires started by lightning in the san francisco bay area, scorching more than 1.2 million acres, destroying more than 1200 homes and buildings. at least seven people have died. unrest in kenosha, meanwhile, hundreds of demonstrators in the wisconsin city setting buildings and cars on fire overnight. the city, the latest flash point of unrest following the police shooting of jacob blake, a black man. according to court records a warrant for his arrest was filed last month for criminal trees ts and third degree sexual you assault. -- assault. the national guard has been called in. a 33-year-old man, apparently the world's first person to be reinfected by covid-19. researchers say the man living in hong kong first tested positive on march 26th with symptoms o and again on august 15th with no symptoms. the discovery raising more questions about how long a person is immune after infection. time for the word an wall street, joining me now is price futures group senior market analyst, phil flynn. global advisor president dominic tavella and sean owe of harrah. great to -- o'hara. great to see everybody this morning. thank you so much for being here. >> good morning, maria. maria: let's talk about the markets that will not quit. futures up again, all three major indices with major gains yesterday, the dow jumping above 28,000 for the first time in six months, the s&p 500 and nasdaq seeing record high closes. we had a major day yesterday. the market is up almost 200 points right now. can we expect this market to continue surging? >> well, i think we're seeing a little bit better breadth than we have in the past. overall it's still the five stocks that dominate the headlines. we're getting an awful lot of new investors coming into the market, you see what's going on at robin hood, the number of accounts that are open, specifically the kind of stocks they're buying. when you're thinking about apple and tesla, they're really driving the market, really pushing the markets much higher than really they should be. i think in the short run we've got to be a little careful here. i think they've gotten over their skis. maria: you want to sell into some rallies, dominic? >> we've been trimming back. we did our first sale of equity this week, lowered our equity exposure by 5%. i'm not predicting a major correction. 1% of the stocks in the s&p 500 represent 25% of the overall weighting and every day the phone rings, should we be buying apple now or should we buy it after the split. it's just crazy, maria. you have to look at where the value of the market is. look at the mid-cap sector of the s&p 500, still negative about 6% for the year and the small cap sector of the s&p still negative an average of 11% for the year. there's value there. it's time to start rotating your portfolio. sell a little bit of your winners and start accumulating some of the things that have not done as well. maria: all right. next up, the storm threat for the gulf of mexico, we are watching these storms today, oil and gasoline surging to five month highs this week, around 82% of oil production suspended by midday yesterday in the gulf of mexico. tropical storm laura expected to strengthen to a major hurricane so we could have even more impact. phil, how do you see things in the oil of markets given what we're seeing in the weather? >> i think this is the most significant challenge we've seen from these storms in many, many years because it isn't just one, maria, it's two. first we have to shut down production for tropical depression now marco and now a possible cat 4 which means production in the gulf is going to be closed down more than in recent memory. the bigger concern i have right now is for gasoline prices. we have over a million barrels a day of refining capacity shut in because of these storms and the track of the storm is going right over refinery row. there's a possibility that the refiners could be down for a period of time. that means higher gasoline prices and we're already seeing it reflected in the um p already -- pump already. it's amazing how quickly the prices go up when prices start to get tight. maria: the blue chip swapping of out three components, apple's four for one stock split will reduce the benchmark expo of sure to the information technology sector. this all happens on august 31st, sean. we've got these stocks moving up this morning as a result. because we know that when you're in the dow 30, it allows more -- those money managers that track the dow 30 will now be buying those stocks in the dow 30 of so it's much more buying power which is setting the stocks up. >> yeah. and so the effect of this is kind of a couple of things. there's more money that tracks the s&p 500 because it's a little bit broader but apple reducing its exposure because of the split or dow reducing apple's exposure because of their stock split will lower the weight and so what will likely -- what we'll likely see is a little more of the disconnect between the dow and s&p 500 or the cothe dow and the nasdaq 10. it will lower the pe ratio which people are worried about. apple is trading at 40 timessers earnings. that will have a minor effect of lowering overall pes which may make people a little more comfortable. for the markets to keep going forward from here, really we need two things to happen. we need to have the continued improvement and the pace of opening up the economy and then the second thing we need is the other 495 stocks in the s&p 500 and the other 95 stocks in the, say, the nasdaq 100 to start picking up. you know, i was talking to a colleague yesterday and he said would you rather buy apple or american airlines here. i own apple personally and i'm thinking maybe i might actually put a little american airlines in my portfolio because if you think about american airlines and you think let's say a two-year time horizon, there's probably more upside in a name like american airlines than there is a name like apple if we are able to open up the economy and if air travelers feel more comfortable about getting on the plane. it's a really interesting time. so -- i'm sorry. maria: , phil, dominic, sean, great to have you this morning. thank you so much, gentlemen. coming up, house judiciary committee member jim jordan on the first night of the republican national convention. former u.s. ambassador to the un nikki haley is here, talking about the trump foreign policy agenda. in the 8:00 a.m. hour, former advisor to donald trump, carter page is here on the latest fallout from the russia investigation, along with jim messina joining us with his take on the first night of the rnc. jerry seinfeld hitting back, the comedian defending new york city. you are watching "mornings with maria" live on fox business. stay with us. y for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. go from old to new. from worn to wow. the beautiful bath you've always wanted, done right, installed by one expert technician, all in one day. we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today. find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. maria: welcome back. not until 2021, that is when new york city mayor bill de blasio predicts indoor dining will return to the big apple, it is a critical time for new york restaurants as the warm days are numbered for outdoor dining. a recent wall street journal article highlighting new thinking that covid lockdowns were overly blunt and costly. this is important, dagen, because you are talking about industries that will not come back. i spoke to a restaurant guy just yesterday and he said maria, so many restaurants have closed down. they can't make it. they're not going to make it unless indoor dining comes back. your take? dagen: these are -- so we know that bill de blasio hates the rich and the -- he just acts like that rich people don't pay taxes and don't basically support new york city. okay of, we got that. i do also think he hates everybody because when you talk about restaurants and keeping restaurants closed for this long, you're talking about destroying the livelihoods of families. you're talking about destroying jobs, permanently, for people who work in the front of the house, waiters, waitresses and people who work in kitchens across this city. it will be -- if we keep these restaurants closed -- and by the way, i want to point out, cheryl casone reported this on the news channel earlier, the infection rate, the number of positive tests coming back in new york state has been below 1% for 17 days in a row. there is no reason that these restaurants can't open in a safe way to ensure that they are around for months if not years to come. maria: this is a serious thing. they are not going to come back in some capacity. jon hilsenrath, how do you see it? jon: well, i mean, new york has an especially big problem when it comes to restaurants because rents are s so high and taxes ae so high, you have to pack people closely together in new york restaurants to cover all your costs and that becomes a health hazard in a coronavirus era. so it's a big problem. you you know, i think that we've learned as a country that we need to find some alternative to the very tight grip shutdowns that we did back in march and april. you know, one of the obvious alwayalternatives that seems tok is wearing masks. i think that's the kind of compromise the whole country needs to be making right now, especially in cities to try to get business going again without suffering the consequences of such a big shutdown. maria: yeah. for sure. well, we'll see how this plays out of. go ahead, dagen. dagen: no covid cases in the u.s. fall to the lowest level in more than two months and i would credit mask wearing. rural virginia they hand out masks at the grocery store now. i yelled at somebody who refused to put a mask on. i yelled him out of the store into the parking lot, i was so angry. i said don't come in here, make people sick if you don't want to wear a mask. maria: it makes people feel better. what we need it confidence, people need confidence to go back to restaurants. if it's masks, it's masks. if it's social distancings, that's what it is. you need confidence. dagen: right. maria: we will -- matt, you didn't hear me, i guess. matt schlapp, we'll get back to you in a minute. mike: i have a lot of opinions to share with you. maria: he's staring at me blank face. i'm like hello, matt. mike:.>> what's going on here? maria: we're going to take a break. and then we're going to come back to you. fresh greens are making a comeback, we're speaking with one farmer about the positive growth. she turned her life and family's life around. wait until you see her story. and the power of the office. a heart felt reaction from one star after wrapping up the tv favorite. you're watching "mornings with maria" live on fox business. coming this fall, an election season for the age as president trump squares off against former vice president joe biden and we'll have every angle covered with our expert analysis and all-star cast. from the party nominations to the all-important presidential debates, "mornings with maria" is on the scene until the very last votes are counted. "mornings with maria," we are invested in you. -go. find pants that aren't sweats. find your friends. find your sense of wander. find the world is new, again. at chevy we'd like to take you there. now during the chevy open road sales event, get up to 15% of msrp cash back on select 2020 models. that's over fifty-seven hundred dollars cash back on this equinox. it's time to find new roads, again. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. maria: welcome back. going green, fresh produce making a big comeback, packing grocery store shelves, it is a huge rebound for farmers recently, destroying their harvest because of covid-19 supply chain deplays. the uptick is positive. it's unclear if american farmers are out of the woods just yet. my next guest is one of the country's largest fresh produce growers, the owner or the book, the growing season. sarah fry is with us now. thank you so much for joining us. >> good morning, maria. thanks for having me. maria: you have such a great story in terms of building your business. i want to get to that. but first, tell me how things are going in terms of farming, how is business, the fresh vegetable, fruit juice market could be really more than an $8 billion business in the u.s. over the next few years. is that right? >> it is. it is. you know, the restaurant industry, as you know, has taken quite a hit and the fresh produce industry we're actually losing about a billion dollars every single week in our industry. there are about 250,000 fresh produce farms across the country and those farms are really struggling right now. we need to get things, you know, back open. maria: what do farmers need right now, sarah? >> you know, farmers really -- they need their markets to open back up, they need that restaurant business to come back. i know from our own personal experience, we farm fresh fruits and vegetables in seven different states. fortunately for fry farms, most of our business was heavily weighted grocery retail. so companies like walmart, kroger, publix, those stores and those retailers are doing fantastic. but on the beverage side of our business, you know, we do business with great american companies like subway that provide fresh, very affordable food and so we've seen our beverage sales really decline since march. and they're starting to come back and, you know, we're really rooting for the franchisees of those stores to get back up and running. but we just need things to open back up. maria: and you juice sometimes the imperfect fruit that would otherwise be wasted, right? tell me about your beverage business. >> we do. we do. so frida fry farms is best knows the nation's largest pumpkin farm but which actually sell more watermelons than we do pumpkins, although it's kind of a pumpkiny time of the year right now. we started out making watermelon juice on the farm. we would take imperfect melons, juice them on the farm and bottle that juice. sama is the mother of all watermelons. that's why we named our juice sama. maria: you sell more pumpkins than any other producer in the country right now. do you expect any change in demand this year? and what about the government's aid? was that a big game-changer for the farmers? >> it wasn't necessarily helpful to us in our business, although some of the commodities that we grow are going to get a little bit of help here. i think watermelons just made the list. but we shipped thousands of loads of fresh fruits and vegetables beginning in march, i think we shipped like in q2 we shipped nearly 2,000 semi loads of fresh watermelon off our farm in florida and we kept going through covid. obviously with worker safety being front and center and obviously the most important thing in our business and being able to continue. and we had to make a decision very early on when we were deciding how many acres of pumpkins to plant here in the midwest and one of the things that we had to take into consideration was are people still going to want to buy a pumpkin this year. should we plant as many? we leaned in and we actually planted more pumpkins than we ever have in the past because i think pumpkins are a low ticket item that bring joy and happiness into people's homes and, you know, pumpkins make people happy so i think we can all use a little bit more of that now. maria: you're right. you wrote a great memoir, the growing season, how i built a you new life and saved an american farm. real quick, on building a new life, sarah. how did you do that? >> you know, maria, if you've had an opportunity to read the book, it's really in my life i have the same philosophy that i have in business and that's how do you look through life's imperfections and how do you look at challenges and overcome those challenges, how do you look for the good and find the greater purpose. it's no different than what we do with the ugly fruit and the fresh produce industry, when we take that fruit that might be visually imperfect and we turn it into delicious beverages or healthy ingredients. we find that fruit's greater purpose. and in the book, the growing season, that's -- you know, it's a memoir so it's some very personal stories in the book about my life but the overall essence of the book is looking through the imperfections to find the good. maria: love it. sarah, it's great to have you this morning. congrats to you. we'll see you soon. thank you so much. sarah fry. check out the book, the growing season. >> thank you so much. maria: we'll be right back. traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. and it is tuesday, august 25t august 25th. a look at markets at 7:30 a.m. on the east coast. futures on the rise after a historic day driven by positive trade talks between the u.s. and china, dow futures are up 180 points of, two thirds of 1%, the nasdaq turned negative, nasdaq has been the leading group in this market. it is now lower by 12 and-a-half. the s&p 500 up 12 and three quarters. trade representative robert lighthizer and treasury secretary steven mnuchin speaking with chinese vice premier. european markets in the green this morning, take a look. yesterday the market was up strongly with the dow up 378 points and the momentum continues in europe. the fq100 us i'm 10, the cac is up 41, the dax index up 92. in asia overnight a mixed story, best performer was korea, kospi index up one and two thirds percent. the california supreme court overturning the death sentence of scott peterson. cheryl casone has details. >> the court ruled significant errors were made in jury selection but they did uphold the murder conviction. peterson was found guilty in 2004 of killing his pregnant wife, lacey. his lawyer said he hasn't told peterson about the ruling because of a covid-19 outbreak at the prison where he is presiding. top trade negotiators for the u.s. and china say they're committed to the trade deal signed in january. they discussed the agreement in a video conference late yesterday. not a lot of details of the call were released. topics included significant increases in purchases of u.s. products by china. tensions between the u.s. and china intensifying recently with the president threatening to ban chinese apps tiktok and wechat in this country. finally this, hitting a record high, apple shares closing at more than 500 bucks each yesterday, investors are racing to beat the eligibility deadline for the company's upcoming stock split. take a look at apple in the premarket, it's a little bit lower by half a percent but the four for one stock split will take place next monday. a new report is swirling about the new iphone, apple leaked the september 10th event date on youtube, the new device will be the first apple with 5g, the first apple phone with 5g. we're ready. back to you. maria: all right. thank you so much, cheryl. the first night of the 2020 republican national convention now in the books. high profile names in the republican party making the case for president trump, as the pro-america candidate. ohio congressman jim jordan spoke last night, recounting an emotional time when president trump comforted his family after his no few's death. jordan slammed democrats arguing they support violent protesters. take a listen. >> look at what's happening in american cities. cities all run by democrats. crime, violence, and mob rule. democrats won't let you go to work but they'll let you riot. democrats won't let you go to school, but they'll let you go loot. president trump has fought against each of their crazy ideas. they tried the russia folks, the mueller investigation and the fake impeachment. this president has done what he said he would of do, taxes cut, regulations reduced, economy growing, lowest unemployment in 50 years, out of the iran deal, embassy in jerusalem, hostages home from north korea, a new usmca agreement and he's building the wall and rebuilding our economy as we speak. maria: joining me right now is ohio congressman, house judiciary committee and house oversight and reform committee member, jim jordan. always a pleasure to see you. congratulations on the speech last night. >> thank you. good to be with you this morning. maria: tell me what you think is resonating most or what did resonate. you made a good point, just at justification showing what the republicans are doing in terms of law and order, ensuring that the economy comes back versus what you're seeing on the other side. is that what you're goal was. >> i think that was part of it. i think really what came through last night, the president said this sunday night on your network, he talked about the amazing potential of the american people and i think that was the theme last night. you think about nikki haley's story, you think about senator scott's story, his humble beginnings, now a united states senator, you think about herschel walker's life, think about the frontline healthcare workers, frontline first responders that the president talked to at the white house, the hostages he met with, the amazing potential of the american people and the positive feel we got last night. i meant what i said in my speech that the republican party is the pro america party, the institutions, the values, the principles that make our country great. that's what we need to defend. this president is doing that. that's why i think he's going to get reelected. maria: at the same time, the speaker of the house, nancy pelosi, called the president as well as the republicans in congress yesterday, domestic enemies, enemies of the state. did you see that? >> yeah, that -- i mean, she has said a number of things that just make no sense that are just flat-out wrong. this president is -- i think he's that rare individual who comes to this town and actually does what he told the american people he was going to do, that's what the american people so appreciate about him and i had that list of things we talked about. take one example. take putting the embassy in jerusalem. for as long as i can remember, every single presidential candidate in both parties say if you elect me i will put the embassy in jerusalem then they get elected and come up with a million reasons, the swamp gives them tons of reasons why they can't do it. this president did it. and the response -- and it worked out fine. but the speaker of the house criticizes the president for doing what he told the american people, that that's how frustrated, that's how -- the democrats have been out to get this president as you know, maria, since before he was even elected with the whole trump, russia investigation. so that's nothing new from her. it is so wrong. i think the american people see through it and like i said, i think they're going to elect president trump as the next president. maria: you went through it, first the russia collusion hoax and then the mueller investigation, the impeachment, you called it the fake impeachment. you're right. they have been out to get him and take him down from day one. now there's a postal service controversy, congressman. walk us through this. post of master general louis dejoy defending his management of the u.s. postal service to the house yesterday amid concerns that cost cutting measures are jeopardizing the agency's ability to serve americans going into a presidential election. what's at stake here? >> what the democrats are trying to do, it's not me saying this, it's the wall street journal, the latest conspiracy theory from the democrats. there's $14 billion cash on hand, a $10 billion line of credit, what he's doing on collection boxes and sorting machines is nothing new. he's doing nothing new. the democrats want to create chaos and confusion because they want to count ballots after election day. that's what this is about. you saw what happened in new york. one congressional primary, actually the chairwoman of the committee, the sponsor of the democrats' bill, caroline malone, her election was june 23rd. she wasn't declared the winner until six weeks later. new jersey primary, took four weeks to count the ballots after the election date. iowa democrat caucuses, i don't know if we still know who won the democrat caucus for the presidential race. so the democrats want this chaos and confusion because i believe, and i'm convinced they know president trump is going to win on election day but they want to keep counting ballots after election day. so that's what this is really about. they want to send out as many live ballots, mail out as many live ballots as they can around this country and then be counting after the election night, after election night's over. that's what this is about. we need to call it for what it is. and -- but they're attacking the post office for those reasons and that's what's scary to me. that's why they're getting so fired up. but again, in spite of all that, the president's going to win. i can just -- you can see it in ohio. he won big in ohio. i think it's going to be even bigger this time. maria: so you don't buy the polls then? because in the polls he's been lagging. >> you can feel it in our state. you see the american flags and trump signs all over the place, i was in junctiontown, across -- youngstown, across the state. used to be you couldn't find republicans in the youngstown area. 350 people at this republican event. you feel the energy building. i think last night was a great kickoff in our convention. i feel that in ohio. i feel very good about our state. the president's out and about. joe biden won't leave his home. the president was in wisconsin, minnesota, north carolina in the last few days. he's out and about, talking to the american people he cares so much about. maria: what are you going to do? look, most people do not want a socialist agenda, most people do not want to see $4 trillion in tax increases. you've got the right idea in terms of policy. but what are you going to do to stop cheating if there is cheating in terms of mail-in voting, what about big tech? congressional lawmakers investigating anti-republican speech, anti-conservative bias at big tech, turning to amazon as well, congressman. what about the potential for cheating, whether it's big tech or whether it's mail-in voting? what are you going to do? >> you draw attention to it. that's all we can do at this point. that's what we did yesterday on the hearing on the postal service. you draw attention to it, every single time big tech is censoring conservatives, you draw attention to it so american people understand what's going on. we have to look at legislative solutions. we can't do that with jerry nadler running the judiciary committee. we need to win back the house to accomplish some of those things. when they censor the president, at the same time twitter will allow a statement from the leader of iran, where he actually threatens the safety of american citizens, that's how ridiculous it has gotten. so you call attention to it every single time so the american people understand. maria: all right. congressman, we'll be watching of course, very important stuff here. congressman jim jordan, great to see you, sir. we have former u.s. ambassador to the un nikki haley coming up next, she spoke at the rnc last night, discussing the trump foreign policy agenda. we'll talk with her coming up. you're watching "mornings with maria" live on fox business. c'mon! hurry up! (vo) audi e-tron. the next frontier of electric. get an exceptional offer at your local audi dealer. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. >> this president has a record of strength and success, the former vice president has a record of weakness and failure. joe biden is good for iran and isis, great for communist china, and he's a god send to everyone who wants america to apologize, abstain and abandon our values. donald trump takes a different approach. he's tough on china and he took on isis and won. and he tells the world what it needs to hear. maria: that was former un ambassador nikki haley touting president trump's foreign policy stance. the party officially nominated president trump for a second term. joining me right now is former u.s. ambassador to the un, nikki haley. thank you for joining us. congratulations on your speech. >> good morning, maria. it was a great night last night. maria: tell me about that. i felt that it was real and there was sincerity because you had real people out there talking about the impact that these policies have had on them. is this going to be the theme for the rest of the week? do you feel that it resonated last night? >> well, i think that this week is about truth. i think this week is about facts. what we saw last week was the sky is falling, the world is coming to an end and this week is a reminder of all of the things president trump has done in the last three and-a-half, four years and the progress that can be built on that. you heard from fantastic people, whether it's andrew pollak or tim scott, whether it was the cuban dissident, herschel walker, all of these people know the president, know what it's like to interact with him but have felt what it means to really watch his policies take effect and you, you know, the country is continuing to move in a good direction. we've got to continue with president trump and vice president pence to make that keep going. maria: well, you talked about your parents, you talked about being born from indian parents and i thought it was so real and sincere, the way you spoke about that. let me ask you about your own plans. because a lot of people look at you and they say, well, we wanted her to be the vice president candidate. we no tha -- we know that it ise pence. but would you accept a job in the administration if the president does get a second term? >> well, that's nothing that i've talked to the president about. right now we want to see the president and vice president pence get over the finish line in november. i think that's what's most important. but certainly any chance there is to serve our country, i want to do. all that nonsense about me and pence, he's a dear friend, he's done a great job. he's been loyal to the president and the american people should be very proud. so, no, i think we have to get them over the finish line and whatever those two need from me or from anyone else, we want to continue our country moving in the right direction. maria: you also spoke out about the potential economic ramifications of a biden presidency. let's' take a listen. >> last time joe's boss was obama. this time, it would be pelosi, sanders and the squad. their vision for america is socialism. joe biden and the socialist left would be a disaster for our economy. maria: so governor, we know that a lot of the policies that we're hearing out of aoc and elizabeth warren are bordering on socialism. you're right. but when joe biden speaks, he tries to tell people that he's a moderate. in fact, the mainstream media is talking about the party as if it's a moderate. kamala harris as well. so tell us why you believe that it is in fact a disaster and it is socialism, because that's not what he says when asked the question. >> well, first of all, joe biden may have been a moderate a few decades ago. but i mean, you can't go and increase taxes on 82% of the americans when we're coming out of a covid situation and say you're a moderate. you can't ask for all of those mandates based on aoc's green new deal and say you're a moderate. you can't allow any conversation about socialism ever taking hold in america and claim to be a moderate. the truth is biden is going to be whoever bernie sanders, elizabeth warren and aoc tell him to be. you watch him how he's flip-flopping on the issues. he's taking a more progressive stance. he's not taking a more moderate stance. our economy can't afford it. americans can't afford it. what we need right now is for a situation where president trump already took us over the finish line, where we had more people working than ever before. opportunities for african-americans, for hispanics, to women. we were breaking records left and right. that's where we need to go back to. and you know, president trump did it once before. we know he can do it again. we watched biden for decades as a south carolina governor, i can tell you, they worked against us when we were trying to bring jobs. they certainly didn't try and help us. maria: let me ask you about foreign policy. we talked about the economic successes that president trump has had. there are foreign policy successes to speak of as well, just recently we had this peace deal between the united arab emirates and israel and of course this is the president who poked back at china. what do you believe, having spent all that time at the u.n., to be the biggest threat and how to deal with it from a foreign policy agenda standpoint? >> well, i've got to tell you that one of the biggest surprises when i got to the united nations was literally how the obama, biden administration wanted to just buy their friends. they wanted to be nice with everyone so that everyone would like us back and president trump changed that. he made sure that everyone knew what we were for and what we were against. our biggest threat hands down is china but you have to also look at the fact that when we're luking at an iran deal and there's a question about whether they're going to extend the arms embargo you've got a real problem because this is the number one sponsor of terrorism. we need a strong president. we need someone strong on foreign policy and we need countries to know. maria: i want to ask you more about that foreign policy when we come right back. i'm talking with ambassador nikki haley. stay with us. don't just think about where you're headed this summer. think about how you'll get there. ♪ and now that you can lease or buy a new lincoln remotely or in person... ♪ discovering that feeling has never been more effortless. ♪ it's the final days of the lincoln summer invitation sales event. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. maria: welcome back. we are back with u.s. ambassador to the united nations and former south carolina governor, nikki haley. before we went to the break we were talking about foreign policy. in your speech last night you said joe biden is good for iran, good with isis, great for communist china. want to ask you about this recent partnership that iran and china are deepening. i know they do a lot of business already. how concerned are you that it looks like china is partnering with iran, not only on the sale of oil but bigger projects as well. is this an afront against the united states. >> we should absolutely be worried about china but we should be strong against china. they're trying to partner with anyone that will weaken america. them getting together with the country that's saying death to america is their way of doing that. we have put china in a weak spot. their economy is feeling it. they have seen what's happened now that we hold them accountable on stealing technology. and they're starting to feel it because of everything that we're doing to counter that. whether it's huawei, whether it's tiktok or anything in between. i think the president has shown that we're onto them and we're not going to let them get away with anything. the idea that china is holding hands with iran is very telling, not just for us, but for our of allies around the world. maria: ambassador, let me ask you. your foreign policy experience is so critical to your leadership. are we going to see you on the 2024 ticket? >> it's too soon to tell any of that right now. right now i want to get president trump and vice president pence elected. maria: we'll leave it there. great to see you, nikki haley. thank you so much. we'll be watching. >> thanks, maria. maria: we'll be right back. traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. go from old to new. from worn to wow. the beautiful bath you've always wanted, done right, installed by one expert technician, all in one day. we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today. good tuesday morning. thanks for joining us. i'm maria bartiromo. tuesday, august 25th top stories right now 8:00 a.m. on the button east coast rnc night one in the books gop promising tour more years america first agenda speaking with stefanik to speak at the convention tomorrow night will join us first with a preview, markets this morning are rallying to look at futures indicating a gain start of trading for the dow industrials the nasdaq has turned negative, in the last hour, the nasdaq, of course, has been leadership of all indices over the last year, dow industrials right now up 200 points nasdaq lower by 12, s&p 500 up 15. of the markets driven by positive trade talks between u.s. china, nasdaq s&p 500 hitting all-time highs yesterday, again, a lot of momentum in this market, i think that investors would not be buying stock if they did not believe the policies were not going to change. they are expecting a trump win at their point, a shake-up dow industrials sales force.com and honeywell joining blue chip next week replacing raytheon technologies to give 30 more technology presence after apple's planned stock split, as you can see, names lower the names going in are rallying, marco landfall the threat is coming from from tropical depression laura expected to become a major hurricane, and create havoc in areas of the country. >> tiktok slapping back, chinese app suing trump administration, over the proposed ban, insisting it is not a threat to national security. >> the fight to save new york city deepens at least one critic says big apple is dead but one famous funman comes to the city's defense, plus welcome back dolphins announcing limited seating of stadium for the 2020 home opener "mornings with maria" is live right now. . >> he european market higher taking a cue from rally yesterday on wall street this morning, ft 100 2ur7bd negative the cac quarante up 40 points dax in germany up 78, coronavirus taking a toll on germany economy accurate a record 9.7% in second quarter in asia overnight mixed story there trade representative lighthizer and trshd secretary mnuchin spoke by phone, with chinese vice premier liu he lou. >> great to see you. >> top stories that we are watching this morning, republicans striking optimistic tone last night on night one of the of the republican national convention, froifrmentn ambassador nikki haley senator tim scot two heavy hifrts making case for president trump as pro america candidate gop former renominating president trump vice president pence in person roll call last night schar lott north carolina 6 from each state. >> four more years. >> i want to thank you from bottom of my hart you are incredible warriors incredible strength we have to win this is the most important election in the history of our country. of our country is counting on it. maria: president trump will will accept the nomination thursday night tonight land of opportunity, with first lady melania trump, saebt pompeo, and eric tiffany trump to speak at tonight's inventory. >> mandatory evacuation orders in place in texas this morning, mayor of galveston ordinarying residents leave as tropical storm laura is expected to make landfall, laura on track to become major hurricane within 48 hours, the system also churning toward louisiana, marco downgraded to tropical depression, the storm making landfall near mouth of mississippi river yesterday marco could bring heavy rains to parts of the gulf coast. >> forecast is improving for firefighters in california hoping to get uber hand on fast-moving wildfires burning across the state more than 14,000 crews battling three massive fires started by lightning in the san francisco bay area this week fires scorched more than 1.2 million acres destroyed more than 1200 homes buildings at least seven died as a result of this blaze. >> changes to dow jones industrial average, sales for those demeanor and honeywell will join the indices before the market opens monday. exxonmobil pfizer he ray theyan technology dropped as changes after apple announced four for one stock sit there takes effect same day investors sending shares of sales for those, honeywell higher in premarket on news meaning more exposure. >> lindsey graham telling me sunday fbi treated hillary clinton president trump differently during 2016 presidential campaign, lindsey graham, released newly declassified documents exclusively sunday to go fbi leadership stopped a fisa warrant on foreign government trying to influence clinton campaign in 2015, the senator on "sunday morning futures." >> in march of 2015, the fbi finds out about a plot by foreign government, to lobby her campaign, and funnel millions of dollars into the clinton chain illegally they open up investigation and october 2015 fbi personnel met with clinton campaign to tell her about the problem so she could fix it they never issued the fisa warrant, that was the right way to do business, four counterintelligence investigations opened by fbi against trump campaign never tell him about it so he can fix it they used it as a way to spy on trump, and they -- informed clinton about the problem facing so she could fix it the ultimately double standard so that former foreign policy adviser to donald trump author of abuse and power, how an innocent american was framed in attempted coup against the president, carter page author joins me now congrats on the book. >> with you, maria good morning. maria: so you just heard lindsey graham, my sources tell me this could be ukraine, lindsey graham specifically told me it was not russia was not china, but there was a foreign country, trying to funnel millions of dollars into hillary clinton campaign, but instead of doing a fisa warrant spying on that campaign staffer like to you, and to donald trump, they told hillary clinton first she fired the person, and then they opened up four counterintelligence investigations into the trump campaign, you being one of them, carter i know you go through in it the book tell us what happened to you. >> well, to spa specific point you were just making maria, there are some -- kink ambassador haley said it best, this week is about truth, i think if you look back over the last four years, as i describe in the book last four years have been about lies, put out by mainstream media and democrats in conjunction with cell within u.s. intelligence community department of justice, to really do tremendous damage to president trump. so, my story talks through basically, i was a junior volunteer in march 2016 on the trump campaign. a couple of over the coming the following months there were a long series of stories put out by opposition research people, affiliated with democratic national committee and agents, over time eventually started to be a range of he reladies stories of prices u.s. intelligence community skeletaled with false allegations leading to series of stories about me being wiretapped my all of pie computers being hacked under a what is known as fisa warrant, so, eventually that is all sort of played out, and now along the lines of what you are saying about chairman graham now we are starting to see a completely new reality, as a lot of this begins to be uncovered your final point on ukraine, right now over last 4 hours or so i know john solomon has a big new report out on ukraine, some big investigations, so, i think, as you know, again as ambassador haley said, this week is about truth and i think the truth is long overdue. maria: so you were wiretapped for a year, over a year, and you found out that you were being wiretapped in the news? >> yeah, basically. i -- i actually -- this gentleman kevin clinesmith i was after having five long meetings with the fbi, in march of 2017, my lawyers were in touch with mr. clinesmith informed him of series of death threats i had been receiving, and, unfortunately, the following week is when in "the washington post", you know, front-page article there is a big story about a fisa washington, to spy on myself, as a way of infiltrateing the trump campaign by u.s. government which was just outrageous. >> unbelievable we point out that you were never charged with wrongdoing i want to ask your reaction to what former fbi director jim comey said this weekend on with regret brennan said not a target of ongoing durham probe doesn't think he is says used as a tool by president trump and supporters listen to this. >> i have to ask you justice department is investigating the investigations into 2016. do you know if you are a witness or a target or have you sat for interview with john durham as part of the investigation. >> yeah, i have no idea i have had no contact with him haven't talked to him. >> do you believe that that means you are a target? >> i can't imagine that i am a target i saw news report that john brennan was a witness, i have given what i know what happened in 2016 a bunch of people trying to do the right thing consistent with the law i am not worried at all about that investigation. of the investigation. next i am sure will be an investigation of the investigation of the investigation. they just want to have an investigation, to talk about. maria: just mind-boggling carter page your reaction to that. >> well, two aspects to it maria first of all, on the not a target point, my lawyers again were in conversations with kevin china smith mr. china smith told them you are just a witness at this stage meanwhile he is submitting in conjunction with, mr. comey a number of o er people fake fisa warrants to u.s. district court in washington. the other aspect of what he was saying about mr. brennan, you know this is a -- an operative within u.s. intelligence community having meetings with then-senator read leading minority leader in the senate, talking about the same dossier allegations sends a letter to come cia again a lot more needs to come out right now, i think the story is just beginning. of. maria: well really interesting, because you keep mentioning kevin clinesmith he has in last couple days pled guilty, to altering a document, to say that you in fact if a were not working with another agency being cia, because they said that while you knew all russians you were hanging out with russians you must be a russian agent hanging out with russians because you were working for cia he said changed document saying that you were not working for the cia. jim comey just said he knows what went on in 2016 now we do too. we know exactly what went on, given the fact that he was told by the subsource, that the dossier was hearsay made up in a bar yet represent renewing a warrant to spy on you to get that window into the trump campaign. >> yeah, unfortunately, no one in that interview asked him about the as u.s. department of justice inspector general pointing out 17 series errors omissions in fisa warrants which he started. he signed the most of them, three out of out of the four. so there is a lot more open questions that need to be answered maria for sure. maria: all right, great to have you this morning as always thanks very much we will be watching your book we will talk to you soon carter page joining us stay with us we will be right lack elise stefanik up next. instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. . >> horror film really they will disarm you empty prisons lock in you your home invite ms-13 next door police aren't coming when you call democrat-run cities they are already being defunded, disbanded. >> left wants to defund the police this is personal to me. i wouldn't be here without the bravery heroism of men and women in law enforcement saved my life the democratic party does not want white people to live mental plantations. we have been forced to be there, for decades generations. but i have news for joe biden. we are free, we are free people with free minds. and i am part of a large growing segment of the black community independent thinkers we believe donald trump is the president that america needs to lead us forward. >> a unlike joe biden president trump didn't choose me because i am a woman, he chose me because i was the best person for the job. maria: those are some highlights from first night of the republican national convention last night we are gearing up for another big day today, speakers tonight include first lady melania trump secretary of state mike pompeo senator rand paul next guest to speak on wednesday, on night three of the rnc joining me right now new york congresswoman house intel armed services committee member elise stefanik great to see you again thanks for being mere. >> good to see you, maria. excited to join you this morning tell me about your speech what you would like to communicate on day three of the rnc this week. >> very similar to the uplifting positive theme that we saw last night, this is standing strongly in support of president trump's record of results strong leadership on behalf of this country, as we compare that to joe biden's failed record of 47 years. my district strongly supports president trump and i think what we saw last night was the exact opposite of the dreary darkness that we saw over the xa democratic convention, i heard from my constituents how excited up lifted they were hearing the diverse voices of support for president trump because of his record of results, but most importantly because of his strong leadership, on behalf of every hardworking american opinion. >> let me ask you about new york we talk new york all the time on this program i will tell you feels scary feels unsafe, you were a leading voice in the house calling for investigation, into new york governor andrew cuomo's nursing home policy put in place in march sending covid-19 patients into nursing homes due to over crowded hospitals then he reversed the policy in may. what are you trying to do, tell me about your are efforts. >> sure, so i have spoken with family members lost loved ones because of the nursing home crisis, and this is a failure of governor cuomo to not follow guidelines from, to force nursing homes to accept covid-positive patients regardless of ability to isolate a directive signed with department of health led to loss of lives of thousands families asking for transparency answers new york state won't even give the actual number because they are note to publicly counting, individuals who tested got in it nursing home then transferred to the hospital, what i want in a federal investigation is frankly an independent investigation, a bipartisan independent investigation with democrats republicans called for to get to the truth also make sure that we update the policies so that this never happens again what is frustrating, maria is as you see the national mainstream media highlighting governor cuomoo they've not held him accountable for this abject failure that is tragic people still mourning the losses of loved ones, governor cuomo needs to spend more time talking to new yorkers that he represents, rather than focusing on his book that he just announced. maria: that is the thing, i don't understand this because democrats constantly slam president trump for leadership in covid-19. they never discuss what took place here we have a der a friend janice dean at this company lost both in-laws in a nursing home covid-19 patients got there were living there how far is it possible that the mainstream we had can completely ignore this? where is this investigation going? >> well, we need to ensure that the state most important federal level there is investigation i have spoken to janice dean what is shame full governor cuomo's team completely dismissed janice's real concerns and personal story, in fact they didn't want her to testify and she finally was invited to share her story every new yorker every american should hear when it comes to president trump's leader on covid there is no state that he has helped more than new york state, whether the navy come for the ship or significant support doubling testing capacity strong leadership is the opposite of the failed leadership of governor cuomo. >> needs help in termed of law and order city feels unsafe in a big way in new york elise stefanik i know you are he working on that as well we will talk soon thank you congresswoman. >> thank you, maria. >> we'll be right back. you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. maria: welcome back florida floobl hard rock stadium home of miami dolphinst of miami hurricanes will open up 20% capacity for both team's home openers next men and women 13,000 fans allowed in social distancing masked mandate staggered investigate time dagen more normalization here. dagen: a little but like states in which team reside the plans for letting fans into the stadiums they are all over the place. for the nfl, but "new york post" has story chicago las vegas washington will of no fans no questions asked. yet to be determined, no fans until further notice giants jetsbills eagles, no fans at the game denver reduced but specific capacity cincinnati dallas minnesota pittsburgh to 20% capacity baltimore 20, 25 yind indianapolis. >> jon what do you think? >> well, it certainly different approach in nba major league baseball have nonletting fans in if i look at cdc guidelines could qualify as high riv event because, you know, what you've seen talk people into stadiums tend to be ina bitors for spread of the virus sounds like miami, is trying to take some precautions in that how they let people in how much distancing i think the key is having masks keeping six feet people six feet apart, but, you know, again, it is a to let different approach than we've seen with the other leagues, so far other leagues seem pulling it off okay. maria: request. >> we are seeing here, maria is a real clash between blue states and red states. big cities and rural america, i think that governor kemp is seeing in india much criticized for opening economy sooner than most other red states has seen a drop in cases, i think florida is handling this correctly i am all for miami dolphins playing i just hope they lose but also stand for the anthem. >> we will take a break on that note come back with former deputy chief of staff to president obama jim messina here on his take. >> the comedian is standing up for new york city we are back right after this break. . maria: welcome back, good tuesday moring thanks so much for joining us. i am maria bartiromo, tuesday, august 25th we're hour away from the opening bell, markets this morning mixed 8:31 a.m. on the east coast, take a look, dow industrials up 175 points, s&p up 14, nasdaq turned negative, it is down 9 points on nasdaq, european the markets in green this morning, although too a bit of wind taken out of the sails if i felt00 up 8 points cac quarante up 53 dax index up 99 coronavirus taking a toll on germany economy the germany economy accurate a record 9. 7% a second quarter in asia overnight mixed there as well best performer was korea kospi indices up would be and two-thirds representative robert lighthizer treasury secretary mnuchin spoke by phone yesterday with chinese vice premier liu he to discuss phase one china deal don't have more details on that new york city setting up covid-19 testing sights at busiest airports now cheryl casone with details. cheryl: yeah, maria covid-19 testing sites set up jfk international laguardia, this is an expansion of a pilot program to test airport airline workers right now not clear testing is mandatory when you arrive at airports built new york along with connecticut and new jersey does require traveling from 35 states quarantine for two weeks after arrival. >> well best buy in premarket company says it expects sales to slow current quarter partly due to higher unemployment retail reported strorng strorng second-quarter earnings as customers stocked up on computers kitchen appliances technology to help work cook attend classes from pandemic, stocks to watch, finally u.s. marine takes a patriot to next level there he is has signed a deal with patriots as tight end, 28-year-old at naval economy from tloovn to 2014 joined marines after graduating but put career on hold five years wanted to serve his country, his two broez are both nfl offensive mini linemen headlines from here back to you -- >> thank you, so much, night one in books, of the rnc night two of the republican national convention now hours away with another round of gop leadership scheduled to speak president trump taking to stage last night officially nominated for second term by republicans president with high profile republicans touting economy jobs slamming joe biden's record. >> we just broke a record on jobs, all-time record take a look what is happening with with the markets take a look at 4 o1 ks. >> last time the boss was obama this time would be pelosi sanders, the squad, biden socialist left would be a disaster for our economy. >> joe biden said if a black man didn't vote for him he wasn't truly black while words are one thing, are his actions take it to a whole new level. look at what he already did. what he didn't do while he has been in washington for 47 years. maria: speakers at rnc first lady melania trump saebt pompeo, senator rand paul joining me right now former deputy white house chief of staff former presidential campaign manager for president obama messina group ceo jim messina great to have you back thanks so much for being here this morning. >> my please ensure critiqueing of joe biden as donald trump week before at dnc your reaction about to what you saw last night. >> well, look if you look incumbent campaigns a referendum on incumbent. this point donald trump the problem he has to move independent voters, as you know, trails by 17 points, and not just enough to rip down joe biden if you are incumbent you got to kind of paint a picture, of where you are going to take the future, and last night didn't do that he has three more as the to do it important for any incumbent, to do it. and i think sort of on night one, they laid predicate on biden have not sort of done the work on the future issues that they've got to do going forward maria. maria: a they are talking about policies talked a lot about what they are going to do in terms of jobs and moving the economy. and they've said that there wasn't a lot of policy at dnc due grow with that something struck me as well watching dnc there was a lot of slamming of the incumbent as you say but no substance on actual policy changes, that biden and harris want to make. >> a challenge for both campaigns to lay out the vision where they are going to take the country both campaigns -- even trump last night clip you showed talking about past talked about stock market, 25 million people unemployed independent voters sitting out here with a record 2 1/2 jobs i don't, saying wait a minute, tell me what you are going to do don't tell me about stock market i don't have stocks both campaigns, have got to do this. in a likely the focus of the first debates, if i was in either one of those manager jobs right now i would look at team say we got to move message about moving country forward i think that is -- especially maria important for the incumbent, you know, historic challenges he has economic problems, he has the pandemic has race relations has to chart a way out of this last night didn't get it done. maria: well, also, you had joe biden giving us a sense of what his plans are, what he did first interview, with kamala harris, on abc take a listen to that watch. >> so if signs saying shut it down would i shut it down would i listen to the scientists. >> so joe biden wants to shut down the economy, jim what does that mean in terms of economic growth and getting back to normalization the president trying to push reopening. >> i think what joe biden was saying let's figure out what signs is he go after facts not politics, right i don't think he was saying shut it down i think he was saying if scientists stay we have to then we do he -- said what signs says how do you move forward right how do you get a plan to put masks in place to actually slow this thing down. and we augmenting to all work together bipartisanly to get if i could not the way the president has shown that is the issue joe biden is talking about in -- trump is as -- swing voters. >> don't we have that plan in place best ideas six feet away from each other social distancing wearing masks, are washing your hands hygiene these are the things we have been hearing from day one of this pandemic. >> maria we have not heard that since day one you had a president denied that, said don't wear masks until we finally had to because of poll numbers you can't possibly say. >> wait a minute, wait a minute you know -- >> maria -- >> you know that jim you know that president trump stopped all travel from china joe biden called him a xenophobe. you know that. >> maria you also know donald trump did nothing for weeks, after scientists begged him put in place he said up to gsdz come on i know you are a fan of his you can't possibly say -- >> i know he -- shut down travel, on january 31st. will. >> to china, what about -- what he absolutely did not say, you have to wear a masks you've got to take this seriously he said over 20 times going to go away. that is not leadership you can't do that. >> jim -- you can't say one part not the other nancy pelosi in chinatown saying come on to china town we're having a ball! >> we are talking about donald trump, are incumbent running for president. >> i am talking democrat party what is coming out of democrat party let me switch gears we can argue back-and-forth who did what for covid-19 policy most important for viewers i think would you agree "the wall street journal" rights op-ed on joe biden's tax plans they say that biden tax hike would be severe, he is taking abouting raising taxes by four trillion dollars between three and four trillion dollars is that really what this country needs came off a contraction almost 33% that is going to take out of this contraction? >> i think what everyone agrees we need is more stimulus, that is negotiations going on between white house and congress right now -- >> that is not what joe biden said stimulus is not raising taxes four trillion dollars that is not stimulus. >> well, what we need is infrastructure plan to put people back to work do increase infrastructure that is very he laid out after he got nomination exactly what he will do i think real bipartisan support i worked capitol hill 20 years, you have members both parties saying that is kind of stimulus you need. maria: how worried are you that joe biden's plans are being overrun by bernie sanders and elizabeth warren? and the -- the lurch to the left this seems like this keeps coming up he is trying to appear like a moderate but policies just don't say "moderate"? >> i think people are going to look at this race, and say who is joe biden who are values, as you know, presidential races more about who they think they want to put their hands their future in the hands of. you know people trying very hard to scare folks around biden, going to do this or squad, the fact is the country knows who joe biden is known him a very long time saw him as vice president that is why i think there are -- just tearing him down doesn't work they have got to build trump up just not what we're seeing so far. maria: all right, jim messina thanks so much for insight this morning appreciate it that was fun i am glad we went back-and-forth to talk about policies thank you, sir. jim messina. we'll be right back. ♪ i need it so bad don't call it a hobby. it's way more than just a job. this is how we live every single day. can we go and play? (roaring of engines) ( ♪ ) ♪ i needed to try ( ♪ ) ♪ needed to fall ( ♪ ) ♪ i needed your love ♪ i'm burning away ♪ ♪ i need never get old ♪ i'm burning away ♪ so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. find a stock basedtech. on your interests bounce forward, with comcast business. or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. maria: welcome back new york city is dead forever that is title of a recent op-ed by author james writes quote i love new york city, when i first moved to new york city it was dream come true now completely dead, but new york city always bounces back, no. not this time. but new york city is the center of the financial universe opportunities are flourish here again. no, not this time new york city has experienced worse, no, it hasn't, joining me right now author himself, james thanks for being here you are a longtime new yorker, you love the city, but you've left why do you think new york city is dead won't come back? >> a. >> well maria, first off thanks for having me on the show, second, right now, there is a major problem. tax revenues going down, deficits going up, something like a third or more of restaurants and small businesses might already be permanently closed in new york city, apartment vacancies all-time high going to get higher, one in four residents have not been paying rent since march who knows how many more vacancies there will be, and, the city is already even said the deficits are so high they have to start laying off critical employees like emps frontline workers teachers police garbage collectors mta workers a serious problem. you can't run city with revenue going down deficits going up all the citizens leaving. and, i haven't left permanently coming back i have kids in school in the city i want the city to recover but i don't see how physically happens every business closing many citizens are leaving. will the. maria: -- the comedian slamming you in "new york times" writing you say new york will not bounce back this time. you will not bounce back, in your -- he innovated new life in florida i hope you have a long healthy run down there i can't that i have more fiting retribution for fine article stupid advisors will give up eventually same way you have we have to keep going with new york city if that is all right with you sure will as how sure it will sure as hell come back, you are out with new opened with your response what do you make of jerry seinfeld pushing back at you -- >> i mean i clearly -- he is you know loves the city concerned about criticism i don't know why has to are personally attack me i live in new york city as a permanent resident and i want it to do well but facts are the facts, again apartment vacations are all-time high, not temporary high, people have left permanently, people are moving companies, getting they can't respond to all calls, bllgs office buildings empty many companies going remote permanently that means, the climb in taxes restaurant closings means declining tourism means declining revenues for the city deficits again, are going through the roof, because of the virus understandably, so again i don't know why seinfeld had to be permanent in attack like doesn't know me at all but instead i am focused what on could solutions be let's look at the facts of what the problems are. the city is going in the direction of bankruptcy, they have already announced august 31 going to turn out 22,000 pink slips for critical workers, police, mta, emt people front line on virus about to fire. and i don't know why jerry is not more focused on that, instead arbitrary personal attack i have a lot of respect tor careery seinfeld. dagen: it is dagen mcdowell i've been in new york city every day during virus unrest during looting coming into work, every day. and i am angry, i am angry because, of the feckless leadership here in the city, a mayor really doesn't seem to give a flying damn about anybody but himself, and then also just general cost of being here. but i will say this. if you lower the cost of living here you get rid of the mayor, and some of the bureaucrats run city into ground quick comeback for new york. >> a good point you continue lower cost of living quickly what is going to happen first is all at the owners of all buildings are go bankrupt once 10,000 restaurants go out of business no restaurant is goings to immediately replace tenants land lords owners are going bankrupt the restaurants, owners going bankrupt. dagen: it is going to be a great washout. and a lot of ways, but we don't you know we are not -- we are not in favor of chaos nostalgia as kyle submitting wrote we want days of cheaper new york where we could go out do things i think jerry sign fellow has been in hamptons whole time i don't know what he is talking about. just saying. thank you so much. we'll be right back. businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. >> welcome back talking about new york city, dagen mcdowell that was pretty compelling look i mention earlier the restaurant industry i agree. it seems if restaurants can't get indoor dining they can't get their business back they live by cash flow they will be out of business. they are not coming back. dagen: right new york city will be more waste landed than it already is i want to point out i don't know if seinfeld has been in hamptons i know he has like very fancy digs out there how far time has mr. seinfeld how much time do they actually spend in noshes during virus during looting during unrest number one, number two this actually goes to something jon hilsenrath was talking about you have a great repricing of rent of real estate new york city needs to get a lot cheaper, and soon to offset everything that people have to deal with. and that goes to john's point rents northeast to be lower if a restaurant is going to operate at third capacity. right jon? >> hmm. . >> absolutely. and we could point to the tax burdens enough cities they have a lot of services that they provide. you know, just pulling the lens back i think this whole debate that we're having nationally about cities i think everybody needs to be reminded, that american cities have been a hugely important engine of economic growth, are for this whole country, over the last 20 years, this have produced more jobs than the rest of the country more output, we should be cheering for cities, and frankly i think he, the whole debate about cities has gotten a a little bit too polarized we need them toe to come back and be engine for shooting there at, people are not going to bring their families back to area where they are afraid for their safety. i don't think anybody is arguing that we don't want cities to come back. we want cities to come back. but will we go back when crime is where it is. taxes are one thing but safety is much more important, i think for much people. we will take a break and come back with that. more "mornings with maria" on fox business right after this. >> thank you so much for joining me this morning, great show, dagen mcdowell, have a great day, stuart varney is next, take it away with "varney & company". stuart: thank you very much indeed and good morning to you. good morning, everyone. you are watching financial history, and extraordinary five-month stock market rally and a series of record highs for the s&p and the nasdaq, the dow is back above 28000, that is 10000-point higher than marc march 23, a trillion dollar valuation for several tech companies, 2 trillion for apple. the market is looking at the other side of the virus. new cas

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