High level talks end with bipartisan deal. Office of trade and manufacturing policy, Peter Navarro joining me at 8 00 a. M. Hour live coming up. It is jobs friday. Economists are predicting 850,000 jobs added to the economy in month of september. Unemployment rate to tick down to 8. 2 . Special long coverage begins this morning, all hands on deck at 8 00 a. M. Eastern. Markets reacting to the President Trumps coronavirus test. They are negative. Dow futures down 440 points. S p down 57 as the markets react to the president s diagnosis. This after choppy first session of the Fourth Quarter and ended in positive territory. Dow industrials up 35 points, nasdaq up 159 and s p higher by 17 at oclock on wall street. Mornings with maria is live right now. Take a look. European indices down, dax index lower by 139. Korea, hong kong all closed for holidays but nikkei average in japan open was down twothirds of 1 , breaking news overnight President Trump and First Lady Melania Trump have tested positive for covid19. The president confirmed the news in a tweet overnight writing this. Tonight flotus and i tested positive for covid19. We will begin quash teen process immediately. We will get through this together. The first lady also tweeted out, she wrote this in part, we are feeling good and i have postpone ed all engagements and we will get through this together writes the first lady. The president and first lady are doing well and will remain at the white house while they recover. The positive tests after top advisers hope hicks tested positive and she was with him in minnesota on wednesday. Secretary mike into in croatia he and his wife have tested negative for the virus. White house chief of staff meadows tested negative for the virus. Hours before testing positive President Trump discussed the possible changes for the next president ial debate in exclusive interview on fox news, among the ideas floated a mute button to keep candidates from interrupting one another. This is the rules that were agreed to. I think it would be very bad. I think with Hillary Clinton they had modulated and when i looked at her, they. Dealing with tricky people here. I like the format but at the same time hes got to hes got to be truthful. Maria joe biden also weighing in on those debate proposals. Take a listen. Would you be open for organization that they might need mics in between you all speaking, is that something that we would support . As long as we have an opportunity to respond to the people in the audience. Maria sources tell fox news that joe biden debate negotiators specifically requested the mute button. The democratic nominee heads to michigan later today. The house passing 2. 2 trillion Coronavirus Relief bill yesterday with no support from republicans, House Speaker nancy pelosi said negotiations with treasury secretary mnuchin. Majority leader Mitch Mcconnell said he would not support any legislation thats valued over 2 trillion. With just over a month before election day, 32 now, new data from election project reveals more than 2 Million People across the country have voted, 6 states released Voter Registration data rather 54. 5 gather ballots come from registered democrats with over 21 coming from republicans. In 15 states the number of ballots requested has exceeded the total number of votes cast in 2016. And with mailin voting underway in several states the Trump Campaign launched a lawsuit against the city of philadelphia last night over its refusal to allow Campaign Officials to observe voting offices set up across the city to help citizens register to vote or fill out ballots, the city is saying theres no legal basis for Campaign Officials to oversee the election process on election day. You cant make the stuff you up. Officials in South Carolina officials asking Supreme Court to step down after District Court struck down that all absentee ballots be signed by a witness. Markets reacting to President Trump and first lady melania testing positive for covid19. Futures are selling off, decline of 436 points, nasdaq down 259, s p 500 lower by 56. Yesterday the dow turned positive the final minutes of trading, s p and the nasdaq ended the day in the green as well for second day in a row following strong Economic Data, dow industrials finishing 35 and nasdaq 159 and s p 500 up 17, joining me right now michael lee strategist founder, michael lee. Joining the conversation this morning is fox business Dagen Mcdowell and michael, great to have you, lets talk stocks for a second because the market is clearly reacting to the news and i always say the message of the market is are you concerned with the president s diagnoses and what do you think the next month looks like . Micheal you know, it matters how long it takes the president how long to recover and not if he will. Recovery rates are in 90 percentile. We will see how this plays off. The selloff goes to show that the president markets like the president more so than his competitor. Pmi manufacturing came out this weekend and the ism with a couple of the sub categories and new orders of production well over 80. Great for manufacturing front. Consumption is already up year over year with retail sales in alltime new high. We are in pretty good shape continuing claims for unemployment which is what i follow the closest, the most accurate data. Withdraw from 25 million and continuing claims down to 11. 8, so we need to get the number below 2 million to get to prepandemic level. We have a pretty good jobs number. If the market gets below 3300 you will see selling from whats going on in the market. This was definitely a headline i was not expecting this morning when i spoke up. I dont know about you, guys . Maria yeah, of course, theres the stimulus deal, the house passing 2. 2 trillion coronavirus stimulus plan last night, after highlevel talks ended with bipartisan deal. Dagen mcdowell, you have the president and the first lady now testing positive for covid. You have a house bill that passed but, of course, markets are reacting to this diagnosis, the president says hes going to be working through this and we will get through this together. Dagen theres just so many unknowns and that is the inclination of any investor is to sell when you dont know what the next few weeks or even months look like and thats just a fact. Theres so many questions that cannot be answered that nobody should be weighing in about the president s health or anything of that nature. One of the problems is, mike, is that you still have close to 12 Million People collecting Unemployment Benefits and youve had a long list of Companies Just this week come out and announce that theyre going to be laying people off with no stimulus deal from congress and united and american, 32,000 jobs will be cut, all state, 3800 people layed off, shell 9,000, disney is laying off 28,000 jobs, so the jobs picture is going in the wrong direction and you have a lot of businesses that they dont have a lifeline that last through the end of the year in terms of cash because their numbers particularly here in new york city are 60, 70 below where they were a year ago, so we are in this kind of vice grip, if you will, in terms of jobs and in terms of business in the nation. Micheal look, a lot of the shutdowns that still exist are purely political. A third of people filing for unemployment are in california and new york. I believe the states will open up dramatically come november 4th. Dagen you cant make the argument now that the president and fist lady has been diagnosed with covid. Isnt that the case . Micheal i say that we need to get on with the lives and first time in Human History that quarantine the healthy and survival rates in 90 percentile and people would rather take chances than starve and rebuild their life from zero after losing their businesses. I think you can do this safely and securely. I dont know that the virus will go away but the momentum is clearly behind the u. S. Economy. We are in the midst of dramatic economy and never straightlined or perfect, but we are well on ouria and to, you know, to take us off our track its going to take more positive tests even than the president. Maria i agree, michael on your analysis, the market will not be in terms of strength and closeness to record highs if investors did not believe that the president would get a second term and the policies stay in place for a second term. Todays reaction is clearly because the president has been diagnosed with covid19. The september jobs report is out this morning, 8 30 a. M. Eastern. Michael, we are looking at economists predicting 850,000 jobs added to the economy last month. This may very well be a marketmover, do you think this moves markets, real quick, we have to jump . Micheal i think we will get good news based on the adp number and the continuing claims tonight to head. Maria michael lee, thank you so much. We are on all angles this morning. We will be right back. Keeping your oysters 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 claim your seventyfivedollar credit when you post your first job at indeed. Com promo maria welcome back, breaking news overnight. President trump and First Lady Melania Trump testing positive for the coronavirus. The first couple confirmed that they will be quarantining under further until further notice. Fox Griff Jenkins now with more, griff. Griff hi, maria, the news certainly rocking washington, but sending shock waves around the world, Global Leaders weighing in sending their well wishes and prayers and, remember, all this started for our viewers just waking up in learning this news, it started when the president confirmed shortly before 1 00 a. M. In a tweet saying that he and the first lady teses pd ey aththow quarantininntg,ining, trsrs lrsyadad also alsols outut me newmes n aewnd hopingopin tgt tionna itison syingyi safe safea ying thatt we we wil wet g roug th ther. Heearnedea,rnearn mromro the t itwhouseou dr. Sean Sean Connolly aolndly and theyy are asymptomatic and e andec esid cry cg c out duty withoutitho disruption while recovering. The news cameus hours afterer the lothnge tthe eth trusted ae hickckstedositive. Shs with the president most recently on wednesday in rally in minnesota and also with the president on tuesday with the debate and the prior saturday at a rally in pennsylvania. So its really turned all eyes on all the people within the president s circle and another person close to the president , secretary mike pompeo traveling aboard his plane flying from rome to croatia said that he and his wife have tested negative and also white house chief of staff mark meadows has tested negative. We are learning a lot of detail as we wake up to the news that its going to change perhaps not only how the president will conduct business as the leader to have free world but also implications for what will happen on the campaign trail with only 32 days to go till november third, maria. Maria all right, griff, thank you very much, griff general with the very latest, we will get back to you if any other news comes up. Editor at large matt welch, thank you very much for weighing in here, your reaction to the president and first lady testing positive. What do you think this does to the campaign and upcoming election now 32 days away . The most obvious thing that it does its the last of the debates we will see. Its hard to imagine under any circumstances there being more president ial debates tat very least. There already dicey because the Debate Commission was in the process of changing its rules and the president wasnt too thrilled about that. The most remarkable thing, i think, about the election is how impervious it has been to news of any sort. Think of how many socalled bombshell news stories have come out over the past 6 months, 6 hours probably and it just hasnt registered a blip in the polls in order did the debate, nor did the debate registered a blip. 95 of the country to the extent they think about this made up their minds a long time ago. Its hard to see how the news changes that dynamic and the race, so as, you know, wild and disorienting as it seems as the president of the United States and first lady tested positive. It might not have that big of an impact in the race in order they knock on wood, do not get sick. Maria democrats passed scaleddown coronavirus bill. Its not going to pass the republicanled senate. Its way high than the senate wanted. Speaker pelosi said that while no agreement has been reached, no talks with the treasury secretary are planned, whats your reaction to this, is this a factor at all in the scheme of things right now . I mean, the scale down, its accurate term in terms of the way washington thinks about it, think about that for a second. 2. 2 trillion, scaled down, its amazing, one thing that washington likes to do, does well, spend our money or kids money in future. I think we might see some kind of Coronavirus Relief package going for precisely that reason. Those talks with secretary mnuchin are ongoing and they may yet produce something before the election. Its remarkable to me and actually the president the news about the president underscores this. The one thing that the federal government really should have been and congress should have been paying attention to the most since at least the end of february is how can we either get out of the way to allow more testing or spend money to create the process for more testing to happen fast because the more the people as soon as we have athome testing that we can do every day, then a whole lot of the negative impacts of coronavirus both on health and especially the economy start to be minimized a great deal and instead congress would rather talk about what are the size of the checks that it can write either to individual americans or to maria yeah, all right, matt, thank you so much. Matt welch joining us from reason, stay there. We will be right back. See yourself. Welcome back to the mirror. And know youre not alone. Because this is not just a mirror, its an unstoppable community. Come on jesse, one more its every workout. Come on you two, lets go for everyone. So join in now. And see your best self. In the mirror. Maria welcome back, breaking news overnight. President trump and First Lady Melania Trump have tested positive for the coronavirus. Markets are reacting to this news this morning and selling off. Dow futures are down better than 470 points. We are looking at 500point decline right out of the gate this morning as investors react to the president s diagnosis. The president tweeted overnight and he says that he is going to be getting through this, we will all get through this together and working through without any disruption, is what his doctor said, Dagen Mcdowell, your reaction to Market Reaction that we are seeing this morning . Maria this is a sell first and ask questions later. As i said earlier, theres just so many unknowns, well, everything in terms of not just the president s health and his recovery, you can have virtually no symptoms with this virus, number 1, number 2, what does it do to the campaign . Does it change how the voters feel about the president or Vice President joe biden . This is sell first and we will get answers later. That being said, you talk about go ahead, you talk about Vice President bidens plans, his economic plans, those plans would, if, in fact, crater the economic recovery. Thats just a fact and maybe hes running on getting rid of all of President Trumps tax cuts. He actually said that in the debate the other night. He pledged to eliminate President Trumps tax cuts. So tell me youre going to raise taxes on corporations that would take money away from them that they could then use to higher people back, add new jobs, give people raises. That just doesnt make any sense in the environment and this is part of what we are seeing in the reaction in the futures. Maria yeah, and that is the reason that people are not believing that thats going to take hold. I mean, up until now, we really havent seen a sustained selfoff because the marginally largely expecting the president to get a second term. If that werent the case, the market would be selling off significantly for a long period of time. Its clearly we are seeing a reaction to the president s diagnosis of covid. The diagnosis will prompt a 2week quarantine period. This, of course, is going to affect his campaigning in the next president ial debate, you just heard matt talking about that, but, dagen, that debate is kicking off in two weeks, the quarantine period is two weeks, i find it hard to believe that the president is going to be able to be on any set for the next debate at a minimum its going to be him doing a doom, i dont see any other way in terms of this debate season being completed. Dagen begs the question does that necessarily hurt him and does it hurt joe biden because joe biden to talk more about dug that debate earlier in dont trust this very month you could have data that could be submitted to the fda maybe from pfizer which is the furthest along, but this is where we are and people talk about the president s response to the covid virus, now that he has it, lets shine a light on all of the things that have been accomplished by private industry and science and how close we are to having that vaccine which middle of next year could be available to every american. Maria yeah, that was the rea