S p up 42 at 4 00 oclock on wall street. Getting tough on china, acceptable or the tom cotton is here, introducing a bill to revoke chinas nation status and whether tiktok and oracle will keep your data safe. Ken cuccinelli on actions to block chinese products made with forced labor. Wild fires raging on the west coast as the gulf coast is feeling the power of Hurricane Sally, we have the latest on the deadly threats. One soda company has a new drink that could help you sleep. Mornings with maria is live right now. Maria lets check european markets, rising from may to july, cac quarante is up 20 and dax index in germany higher by almost 40 points right now. In asia markets mostly higher signs of make recovery in china. Up half of 1 in the month of august. Months are released by the communist party as we always like to remind people, shanghai up half percent. Some of the top stories that we are watching this morning. President trump headed to philadelphia this morning after pushing the Great American comeback during west coast blitz and the president slamming joe biden at latinos for trump event in phoenix. In hispanic americans came here to pursue the american dream, right, we all want i love the american want. We want the american dream. You look at what theyre asking for its like the american nightmare. Maria biden headed to florida today to make his play for latino support as well. Meanwhile the gulf coast bracing for Hurricane Sally this morning, slowmoving storm expected to make landfall between tonight and tomorrow morning bringing lifethreatening storm surge up to 9 feet, forecasters are warning of severe flash flooding with as much of 20inches of rain. Sally packing 65 miles per hour. President trump getting a firsthand look at endeavor station of wild fires burning in california. Governor newsom thank the president for support and Quick Response for the emergency but also pressed him on Climate Change. We obviously feel very strongly that the hots are getting hotter and the dries are getting dryer and something thats happening to the plumbing to have world. Climate change is real and thats exacerbating this. Maria the president says Forest Management is to blame for not controlling the situation getting a harsh reaction from disdemocratic rival. You give a climate arsonists 4 more years, why would anybody be surprised if we have more blaze. Wild fires dont skip towns that voted a certain way. The impacts of Climate Change dont pick and choose. Thats because its not a partisan phenomena. Its science. Maria the wild fires are being blamed for at least 36 deaths in 3 states. The u. S. Government will have to sign off on oracles deal with tiktok. The Treasury Department will review oracles agreement to be a trusted Technology Provider for the popular app which is owned by bite dance, chinese company. President trump had threatened to ban tiktok from the United States unless operation was sold to u. S. Company. The stock is rising up another 1 and a half percent. Markets are higher broadly speaking indicating a gain at the start of trading extending rally, dow futures up 177 points right now and the gains being driven by surge of merger and the tech and healthcare sectors as well as oracles partnership with tiktok. We had merger stories in the last 24 hours. Pfizer could present key data to regulators. Fox business Dagen Mcdowell and the wall street journal Senior WriterJon Hilsenrath, great to see you, guys, thanks so much for being here. Let me kick it off with you, steve. Federal reserve meeting, twoday meeting, officials meeting today and tomorrow after deciding last month to allow inflation to rise above 2 . What are you expecting from the fed, theyll reveal new plans to boost inflation . Maria, i do their forward outlook and we will get that this week, they will have to raise their numbers because the economy, consensus is well for numbers this year and next, we will probably see them bump up their numbers and i wont say much about interest rates. I think people will assume they are for and continue to be following the inflation target be symmetric. Maria data on detail sales, august retail sales of 1 but as the fall rolls around, Holiday Shopping expectations, not sure about another wave of coronavirus, deloyd 1. 1 rise in sales. Could hinge on how much income earners can spend, steve, do you think we will see a strong shopping season at the end of the year, what do you think of the broad economic recovery ahead of the numbers this morning . The numbers look pretty good to us, maria, we just raised our forecast for this year and next. We are sticking with 3500 target on the s p which when we said it back year it rooked kind of crazy but we think longterm we are probably going higher. We are in a sharp recovery mode here. We have Industrial Production today, retail sales tomorrow. Housing start coming up this week, later this week, so just on all the data points we are collecting from the Company Level and we are getting a lot of company conferences, a lot of the data is coming pretty positive. Looks like economy recovery is pretty much in place. As you noted theres a lot of concerns near term about the election and certainly about the corona start and economic restart, i meant to say, there are concerns but i think in the middle of next quarter, you know, First Quarter next year, a lot of those will be behind us, so we think that the whole thing is going higher well into next year. We also think that the rotation that we are seeing a little bit toward the cyclical will bring too. Maria let me bring in Jon Hilsenrath, jon. Jon yeah, i mean, i think that that the economy is in a recovery from this shock that we had earlier in the year and that, you know, we could expect the numbers to be trending up. One of the things that i wanted to ask steve, you talk about the uncertainty about the election, the big turning point for the market 4 years ago was election day and President Trumps election, walk us through the two scenarios that you see after the election if biden is elected or trump is a elected. Biden has proposed raising the Corporate Income tax, what does that mean for the markets if election day turns out for biden and what does it mean for a trump day . Well, first, jon, i think the market is pretty much ready to know who the next president is on november 5th, all the mailin voting and closeness the election, i think the markets also wondering who is going to win the senate. As you know thats very, very close, and so you dont know whether all of bidens agenda will get implemented. If you read the platform theres a lot of market negatives for sure. On the other hand, without the politics getting into this because theres very strong feelings on both sides of this, i think one of the things that we are seeing is that the market sees positive from both sides on on the agenda. I mean, i have my own view, we will probably take down our oneterm make forecast if the full democratic agenda gets implemented for sure because, you know, because supply and economics but in the near term, well, the democrats will spend a lot of money, take money from rich people who dont need it and, you know, youll see a demand side stimulus and if you see more of the president , youll see continued supply side stimulus. I think the market this time around might be feeling better just to know who the next president is and what theyve got to deal with. We think forward earnings are going to draw about 10 to 15 , all of the things being equal on the Corporate Tax side, 28 based on our math so thats a hit. In the middle youre in the middle of a sharp recovery and maybe you make it up the other way, i dont know. Maria all right, steve, we will be watching with. I know that right now you like stocks and you want to be owning strong with the expectations for the backdrop, it is great to see you this morning, steve, thank you. Thank you, maria. Stephen auth. Fedex giant, announced it will hire 70,000 workers for Holiday Season and all those coming ahead of fedex earning reports staff close, stock up 1 and a half percent going into the quarterly report. We are just Getting Started this morning, coming up trump 2020 Campaign Pollster jim is here, he will weigh in next on the Trump Campaign focused on the economy. Cofounder and Atlanta Falcons owner dealing with the pandemic and return of sports. Arkansas senator tom cotton is here next hour to discuss next bill revoke chinas status. Also Ken Cuccinelli, we we willt the angle from the Homeland Security. Youre watching mornings with maria live on fox business. Achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo maria countdown to november less than 50 day asway until election day. President trump slamming joe bidens record at a lot knows for trump event yesterday in arizona. Biden criticizing the administrations response to Climate Change. Joe biden spent 47 years selling out the Hispanic American Community sending you jobs to china, raising your taxes, surging regulations. [laughter] i dont know. It sound good to me. 4 more years of trumps climate denial, how many suburbs will be burned in wild fires, how many suburban neighborhoods would have been flooded out, how many suburbs would have been blown away in super storms . Maria President Trump is headed to pennsylvania today, joe biden is stopping in florida. Joining me right now trump 2020 president ial Campaign Pollster and the president of mclaughlin, ken, great to see you. Great to be here, maria. Maria how would you assess the race with 49 days to go . We feel great, look it it we are on offense on the states that the president is going. He was at the Latino Coalition yesterday and great news for the Trump Campaign, a recent Florida Survey that had him ahead but not only that among hispanics down in florida, he was actually winning 50 president to 46 ,e not biding joe bidens leftist agenda of higher taxes, more regulations and embrace of socialism. Its really helping President Trump among hispanic voters. Maria so what do you make of these polls, lets look at the latest fox news polls on the issues voters say they trust President Trump more on the economy, they are confident in joe biden on other issues, though, like coronavirus, immigration and law and order and this is so tight, has been for a year now, whats your take on these polls that continue to show joe biden leading with the exception of the economy . Thats going to be one of the defining issues of the race. More and more as we get closer to election and coronavirus is coming under control we are seeing that the economy is most important to voters. Most surveys that you see right now, the number 1 issue overwhelmingly is the economy and getting people back to work, rebuilding staff coronavirus and the economic lockdowns and donald trump has consistently had a big advantage on those issues even before the convention we had that kind of advantage. Because what happens is, the voters intuitively know that joe bidens policies are bad for the economy. The last thing we need right now is a 4 trilliondollar jobkilling tax increase and its going to raise taxes on 82 of americans. Its going to raise taxes on Small Business, they know thats bad for the economy and its going to be really interesting in the debates as those issues become more defined. Maria you know, its interesting because joe biden keeps trying to add the line when hes talking about tax increases that anybody making 400,000 or lower will not get taxed, but thats misleading because of what you just said. Youre going to see higher taxes on Small Business, higher taxes for the corporate rate and that reverberates throughout the population, doesnt it, explain out that works . Youre exactly right, maria, voters get it. The one promise that politicians tend to keep is when they promise to raise taxes, oh, only on people making 400,000 a year, they know at the end to have day, look, theres been independent studies that show its going to raise taxes on 82 of americans and actually lowincome workers who did really well with the trump tax cuts, they are going to have their taxes raised by thousands of dollars and thats really going to hurt joe biden especially in battleground states right now. Maria real quick on the campaign ads, the Trump Campaign to roll out 10 milliondollar campaign centered on the company according to fox news focused on law and order, is this going to take that movement higher because hes focusing on the ads squarely on the economy. Look, we view the economy as strong point for President Trump and the voters continually give him High Economic marks. Maria all right, we will leave it there. Pollster. Big decisions just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. So youre a small businor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. 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 youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Maria welcome back, 2020 issue, focusing on voters putting less weight on the economy, paying more attention to the coronavirus, leadership style and racial concerns ahead of voting for the president. Jon hilsenrath, why are we seeing this shift, you just heard what stephen auth and jim mclaughlin. You say its not about the economy stupid anymore in your piece this morning. Jon that shows up in the fox poll that you just that you just held up there. If you look at President Trumps ratings on the economy he polls ahead of biden consistently across many polls but if you look at the overall rating of like who voters are favored, biden has a slight edge and thats an indicators that voters are looking at other issues. When i talked to pollsters, they have been surprised over the last few months that the president hasnt spoken more about the economy and i think maybe thats one of the things that you were sharing from mr. Mclaughlin, theres a sense that the economy is the president s strong suit and he needs to be out there talking more about it after a summer in which all of the debate was issues like law and order and race issues and coronavirus. I think the Trump Campaign really wants to bring it back to the economy right now because thats where voters see him as having an edge. Maria but thats certainly what we are seeing in the polls. Youre saying you dont think this is going to be the number 1 factor for voters because of the coronavirus and the law and order issues . Jon well, right now it isnt lining up as the number 1 factor. There are these other issues and, you know, theres a couple of things behind that. One is that, you know, when you look at how people view the economy, its increasingly a partisan issue as with so many other issues. When you ask voters whether they think theyre better off or the economy is doing well, their answers increasingly line up with what party they are in and this goes all the way back to the obama days, so when you ask people in 2016 if the economy was strong or weak, you had democrats much more likely to say it was strong and republicans much more likely to say its weak and if you ask the exact same question its reversed. You have republicans much more likely to say its strong and democrats much more likely to say its weak. So partisanship is a very big reason why this issue has been scrambled and frankly the other the other thing thats scrambling the role of the economy is weve had two economies in the trump era, we had a Strong Economy up until march where we had unemployment falling to historic lows and pretty steady growth and after that we had a really, you know, obviously we had