The start of trading this morning after long Holiday Weekend, Dow Jones Industrial average better 500 points and s p 500 is also higher by 56 and nasdaq up 174. This after the dow, nasdaq and the s p 500 closed tout week of gains of better than 3 on the week as you see across the board. Another milestone today, the floor of the New York Stock Exchange will reopen but not quite business as usual. A look at the new restrictions coming up this morning. And turning to the 2020 race, former Vice President joe biden looks to take on President Trump on the economy, mornings with maria is live right now. Maria the easing of lockdowns and optimism of Vaccine Developments leads to gain this morning. Ftse 100 up 87, cac quarante in paris is up 63 and dax index in germany higher by 79. Spain announcing it is opening to foreign visitor this is july and germany ready to lift travel restrictions for other European Countries. In ash asia overnight markets looked like this. Planning another round of stimulus exceeding 8. 8 trillion. Meanwhile it was a weekend of protests in hong kong following china s rules and here on threats of proposed law and asking President Trump for help. Jimmy li at 7 00 a. M. Russias oil minister expect it is market rebalancing in june or july with the price of crude oil now back above 34 a barrel, up to and a third percent this morning. Now some of the other top stories that we are watching this morning. President trump bringing the nation a message of hope from fort mchenry. The president honoring our fallen heros and touting the strength of the american spirit as our country adjusts to a new normal. As our brave warriors have shown us from the nations earliest days in america we are the captains of our own faith. No obstacle, no challenge and no threat is a match for the sheer determination of the American People. Maria 5 states are easing more restrictions today, arkansas, West Virginia bars are opening for business and in ohio Fitness Centers and no Contact Sports getting the green light as well. Theres still no relief in sight for new york city, Governor Andrew Cuomo in new york dodging questions about a reopening date saying that expert projections about when areas would meet criteria have all been wrong. In missouri officials slamming party, crowds Standing Shoulder to shoulder on memorial day weekend. St. Louis county issuing advisory warning anyone who was there should isolate 14 days. Novaxx plans to test 130 participants in australia, resulted for july f if phase 1 is successful, phase 2 and including the United States. Stock is soaring this morning. Travel ban for brazil going into effect today, two days earlier than planned. It applies to noncitizens who have visited brazil within 1 weeks of trying to enter into the United States. Brazils deadly death toll surpassing the United States with more than 800 people dying in the last 24 hours of covid19, New York Stock Exchange reopening Trading Floor today after 2 months after pandemic closed its doors. They would be required to wear masks, observe social distancing rules and not take Public Transportation for work. Traders must sign a waiver that limits nycs liability in case anybody gets sick. Live golf over the weekend bringing in record ratings, Turner Sports says more than 6 Million Viewers watched as Peyton Manning and tiger woods faced off against tom brady and nicholson in florida. Brady med incredible pant and tore his pants. Rallies pointing to considerable move following Holiday Weekend. 500point rally. Markets fueled by the global push toward reopening the economy. States across the country begin to go partially reopen as some of the hardesthit sectors Like Airlines and hotels are also reporting a slight uptick in bookings, economies still see 6 to 7 economy, could have reached its worse point, fixed income adviser senior Vice President portfolio manager, ubs Financial Private wealth adviser alli mccarthy and president and partner of maslansky partners lee carter and Jon Hilsenrath, thank you so much for being here. Bryce, lets kick this off with you, do you think we have seen the worst in terms of the shutdown, bryce . Bryce i think we have. We will find out which places can reopen effectively and safely and which ones will see a spike in terms of the second wave of the coronavirus. We will get smarter and better as we move along through the summer and i dont think we are going to go back to a complete shutdown again and thats going to be great for companies because its really a race against time right, can they survive long enough before the economy comes back before they run out of cash or not. We need to get things back on track but we have to get smart about it. Maria we see the impact, alli mccartney and the president was canned last week would he shut down the economy if we get a second wave in the fall and he said, no, alli, the Economic Cost is also quite significant. Alli yeah, its extraordinarily significant and i think we will also see whether theres also a health and human related cost which Mental Health issues coming to the forefront as hospitals largely being closed down for elective procedures. Based on that my question to you would be if the worst is behind us, you know, then that does good scenario relative to credit . How do you feel about the tradeoff given that we are all hopefully going to assume that the worst is behind us and theres hopefully a better chance for upside surprises down downside . Bryce well i think that the reason the fed is pumping so much in credit markets because the stock market is incredibly dependent upon the bond market more than ever. Companies have taken on so much debt they need to keep rates low and they need to make sure theres lots and lots of liquidity. The fed just started buying Corporate Bonds last last couple of weeks. They only bought 1. 8 billion out of 250 billion still to come. They need to keep throwing money in order of that in order to keep the stock market up and i think they want to see good end of may and i think this week will be good for equities both from the economy reopening as well as the fed going to make darn sure that they end on good note by pumping into the credit markets. Maria great point, Jon Hilsenrath. Jon you know, i think we have a couple of forces pulling the economy, on the one hand theres pinned up demand. A lot of people want to get out of their homes, go out and shop or whatever and that should provide the economy a left, i think the thing that we have to look out for in the next few weeks is Collateral Damage in the job market. Its troubling that when you look at the weekly unemployment claims numbers that come out every thursday, theres still in the millions. Theyve come down by a couple of orders of magnitude out but we are still getting more people, new people layed off every month and on the one hand theres pinned up demand and on the other Hand Companies that are still trying to cut back on costs to manage their way through this thing and thats i think going to dictate what kind of rebound we get in the second half of the year. The pinned up demand kind of convince companies that its time to stop laying people off and time to start bringing them back. Maria what about that, bryce, what second half are you expecting . Bryce i think theres a ton of pinned up demand, you look at the difference between spending and income and the spending plummeted for consumers and plummeted for companies and yet their incomes hoarding cash and pinned up demand, what we really see impact from that in the second half of the year, im not sure. I think its really going to start in the Fourth Quarter to, you know, maybe even the first quarter. I think its going to take a little longer than people think but the stock market is going to anticipate that. So i think its still positive for equity and per earnings projections, once people can start to make earnings projection that is they have any kind of confidence at all then you will see a boost or lift to equities. I dont know that the Third Quarter is going to be that great but youre going to see all of the pinned up demand really start to hit and i think thats really an underestimated idea or point that you just made. I think its great. Maria i guess little by little we will get visibility that we need in order to understand where the earnings picture is by year end. Bryce, good to have you this morning, thanks so much. Bryce thank you. Maria we will see you soon, bryce doty joining us there. Coming up hong kong tycoon jimmy lie and doug collins here on the Michael Flynn investigation. And adam on testing and coming up at 8 00 a. M. Eastern, wyoming senator and doctor john borraso on washingtons actions to open reopen the country. Retired attorney general and analyst jack keane. Dont miss a moment of it. Big 3 hours coming up. China is eyeing more control. Hong kong the communist country trying to tighten grip igniting fresh of protests overnight. How leader carrie lam is responding. How schools will change permanently post pandemic, we will break it all down when we come back. These days, its anything but business as usual. Thats why working together is more important than ever. At t is committed to keeping you connected. So you can keep your patients cared for. Your customers served. Your students inspired. And your employees closer than ever. Our network is resilient. Our people are strong. Our job is to keep your business connected. Its what weve always done. Its what well always do. Maria welcome back, new laws proposed by beijing will not have an impact on human rights, lam added that no other countries have no place to interfere. Could be in place by the end of next month. Joining me to talk about founder of atlas organization, jonathan ward, thank you so much for joining us. The wall street journal is out with a good writeup of this this morning, when carrie lam came out and said this is not going to affect your human rights she didnt even know exactly what was going on or what the rules were going to be and when they would take effect. She didnt even know sort of what how to, plain it but she was sure that it wasnt going to affect peoples human rights, your reaction to all of this . Good morning, maria, this represents the communist party of china full takeover of hong kong, they are moving toward full takeover. What the National Security law means that the relevant National Security organs that operate in china, concentration camps, break up protests, detain people, those can operate inside hong kong. Mss, pip, Public Security bureaus, its the end of one country two systems. Maria why do you think its happening now, jonathan, we spoke to jimmy lia in the past, when xi jinping became dictator for live everything changed. We will talk to jimmy lai, what are your thoughts on why this is happening now, why china is asserting this extra might on hong kong today . Jonathan you think of what theyve done in the last few weeks, theyve threatened australia with raising tariffs on wine and brief, threatening britain with consequences if they remove hauwei from telecommunication systems. Theyve moved troops to Indian Border and taking action in hong kong which is always going to happen. The thing about china people keep expecting it to get better and not worse. You know, when they built concentration camps and put a Million People people were surprised, when they started cracking down on hong kong people they were surprised. People have to stop being surprised by the actions of communist china. The military has been asounding the alarm on china for years now. This is only going to get worse. At this point the threats that they are make to go taiwan are significant. The military ambition that is they have in the region are significant and on the day that any of those things happened, the end of the hong kong as we knew it is a big event, you know, World Finance and economics but i think its only going to get worse as the communists parties ambitions and abilities. Maria big event, huge event particularly for those business that is you have spoken about. Hong kong in my lifetime has seen International Hub equating to new york and london. A friend of this program, he tweeted this out yesterday. Youtube deleted every comment i ever made about the wumao internet Propaganda Division of the Chinese Communist party who google decided to censor and gets comments deleted by you tube because hes criticizing the communist party and their propaganda. Lucky, has been outspoken in the need for American Technology companies to stand up to beijings abuse, human rights, jonathan, your reaction because you said a moment ago that ceo needs to get it, this is one who does get it. People should be looking for any sort of influence there. There have been instances within companies of people selfcensoring in order to please the communist party. You cant please the communist party. What they want, whether youre a nation state or multinational corporations for you to pull the political line. Chinas use of economics for coercion, you know, whether its to smaller nation states in Southeast Asia or threats to the u. S. , we have to get a grip on where the relationship between china and the United States is headed and our ceos will have to start looking for alternatives. Maria jonathan, real quick, the troops that you mentioned of india, troops of india and china are face to face right now. What should the United States, do what should the u. S. Do . The u. S. Will have to show support for india in this moment. We will have to Start BuildingMultilateral Coalition between u. S. , australia, japan and india really has to move forward and we should have their back. Maria okay, we will leave there it. Jonathan, great to see you, jonathan ward, we will be right back. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Maria welcome back, america dealing with the case of blue state lockdown blues, the wall street journal this morning and the Editorial Board arguing the slow reopening in democratic states will hinder economic recovery there. The Editorial Board writes this, businesses need suppliers and paying customers. This is why the economic recovery will be especially painful in democratic states. State lockdown longer and businesses were struggling before the pandemic due to high rents, taxes and government labor mandates, Jon Hilsenrath, your reaction to this on the Editorial Board at the journal, let me just say that your colleagues on the opinion side of the paper this morning write that nearly twothirds of leisure and hospitality jobs in new york and new jersey and about half in california and illinois have disappeared in april compared to 43 in florida. Theres a real difference here, jon, when you look at the the construction losses, 4 of construction workers in florida lost their jobs, compared to 41 in new york. Jon right, well, let me say a couple of things. First of all, i appreciate that youre distinguishing between our opinion pages of the journal and the news side. Im on the news side so im not on the opinion side. You know, i would say that, you know, in the blue states particularly up in the northeast, new york, new jersey, connecticut, that was the epicenter of the coronavirus, so, you know, we saw an incredible economic shock there because because that was where the pandemic got started. It does look like its the case that the red states are pulling back their lockdowns earlier and we are going to get what we have here is National Grand experiment on what the right policies, the fact of the matter is we dont know the answer yet. Theres tradeoffs, if you pull back too quickly, the risk people say is that you get an up surge in this virus. If you dont pull back quickly enough, the risk is that your economy takes a hit and we are going to see how that plays out. The good news, i think, that we are heading into the summer months and that does look like thats based on the weathers affect coronavirus and that looks like it can be a chance for economies to breathe easier. My concern is what happens come fall and thats why im looking at brazil with some concern right now, why is