Transcripts For FBC Mornings With Maria Bartiromo 20240712

That we have this morning. Well, houston is considering new lockdown confirmed coronavirus cases surge, florida recording cases in single day. Republican Convention Speech will take place in jacksonville. One Harvard Health expert is warning the u. S. Will hit 200,000 deaths in september, he joins us next hour. Check directly to americans. Police reform. President trump calling for Police Departments to meet the most current professional standards of force saying he will afounds announce four step plan centering minority communities. President trump warning, if leaders cant take back the city, he will. Microsoft keeping its facial Recognition Technology from police falling in the footsteps of rivals apple, amazon. Big business of youtube. Producing you to the people gaining popularity and making money from posting videos. Today the moms behind parenting videos scoring 60 million views a month. Mornings with maria is live right now. Cheryl taking a look at europe right now. Green across the board. Snapback after we saw in the United States, ftse 100, cac higher by 2 . Gdp plummeting record 20. 4 in april. Jarring number there. In ash overnight, red across the board following in wall streets brutal selloff yesterday. Big loser south korea kospi index. Top stories that are making headlines this morning laying out fourstep plan to tackle racial inequality and Police Brutality while in dallas yesterday. Here is what his plan includes, Economic Development and minority communities, confronting healthcare disparities, encouraging Police Departments to meet standards for use of force and renew calls for choice and president descending Law Enforcement in exclusive fox news interview. We also have to keep police and Law Enforcement strong. They have to be trained in a proper manner. You see events of more than 8 minutes of horror, thats a disgrace and people start saying, well, are all police like that. Police arent like that. I mean, ive seen so many incredible things that they do. Cheryl well, the calls to defund the police still growing, 30 cities are push to go reduce or redirect Police Department funds. Well, the mayor of seattle slamming President Trump for vowing to take back the city from what he calls anarchist occupying the Police Precinct there. Protestors had taken over 6 lots surrounding the Police Precinct referred to capitol hill autonomous zone. List of demands, including the city defund and abolish the Police Department. Police chief said it was not her distinction to abandon the precinct and after reports of extortion in autonomous zone. Another Big Tech Firm has banned sale of facial Recognition Software to police. Move by microsoft follows similar steps by microsoft and ibm after death of george floyd. Microsoft says it will not Sale Technology to Police Department after Congress Passed grounded human rights. Theres microsoft in the premarket up more than 2 and a quarter percent. Well, starbucks under fire after recently told employees they cant wear any black lives matter clothing or accessories. Including to internal memo, any black lives matter messages violate Company Policy against political attire and its goal of making customers feel welcome. There was swift reaction on twitter, many people are calling for a boycott against starbucks. Taking a look at the shares in premarket, broader markets higher almost 3 and a half percent. Well, florida sees a record high covid19 cases in a single day. The state Health Department reporting more than 1600 case, im 20 higher than previous record. Governor ron desantis crediting increase for the spike and florida with restriction ease on restaurants, beaches. No set date when they will end third and final phase. President trump will accept the gop nomination in jacksonville, florida, rnc picking the city to give acceptance speech in august. Charlotte was supposed to host gop convention, several Convention Events were moveed from North Carolina governor. Futures are rebounding after that steep selloff. The dow is up by 627, s p up 1 and a half indunas back gained more nasdaq gained back. Again snapback friday morning. Infections pulling the down more than 1800 points yesterday worst day for the month of march. I want to bring in wall street journal writer Jon Hilsenrath, Mattie Duppler and chief analyst, so happy to have a great panel on this friday. Your reaction in the carnage of markets. We are in times of volatility and we will continue to stay there and investors are starting to look at what companies are actually good at managing through volatility not just in this share price but also related to liquidity, exchange, who does a good job in what sector so you may have some sectors such as pharmas and tech who can do really well in the areas and still get hurt by internal volatility reflected in Foreign Exchange markets. Jon, a couple of things here, first off the jarome comments did nothing especially talking about the labor market and also, jon, you the comments from treasury secretary Steven Mnuchin that more payments, more stimulus could be on the way to u. S. Economy and that did not help despite mnuchins statements . Jon a couple of things, one is mixed messages that we are getting from policymakers and the market having trouble digesting whats good news and bad news. Is the markets reacting to things that are getting worse or Interest Rates are going to be low in the second thing is worries that this coronavirus isnt going away and its coming back and its going to be an impediment. The economy, im interested to wolfgang has to say. Cheryl wolfgang, respond to that. I think its worrisome on what we already know about the coronavirus. The mixed message of getting clarity are we going to stay in lower Interest Rate environment or go into a higher rate environment, quite frankly inflationary and what youre seeing is investors are looking more as inflationary environment. Again, i think that we are seeing a lot of investors looking at individual stocks as we are seeing and then locking looking how they actually manage this through liquidity point of view, how they can actually activate liquidity and use it the best on uncertain Economic Times which we will see for a while. Cheryl we are still going to be lower for week despite the fact that you have the nasdaq blow above 10,000, and thats the tech story. There are stocks that are really worth looking at. We know that technology has been outperforming this entire bull market. We have just a concentration of largest market Tech Companies in tech, we have a huge influence on it. I do agree with wolfgang. Zoom, i wouldnt go near with somebody elses money, its way too overvalueed. Cheryl mattie, the biggest concern here is what the economic recovery will look like and Jarome Powell was not optimistic about the jobs market earlier, mattie. Mattie thats right, cheryl, im surprised the market tanked 2 days after the comments. Chairman said that we will be heavy Market Conditions for the next couple of years potentially and real quick to wolfgang, because we saw volatility in the Retail Investor space, are those tech names still a good buy like lou said or places where you are looking to put money . Tech as well as the farmas, but, again, you to look for companies specifically and the value and the way they are looking at liquidity and managing that and the ones that historically done well and another one that wasnt named earlier like google, they know how to manage through volatility and thats part of what you have to look for. You cant just look at the trend like everybody is looking at zoom and your points on, highly valued stock. At the end of the day as i said to customers, you look have customers that have low volatility within management programs and i think thats very important because its reflective of how the entire company is being managed through the uncertain times. Cheryl maybe companies will start giving us forecast wolfgang. Great to have you on the show, thank you, sir. My pleasure. We are just Getting Started this morning, coming up in the next hour, texas congressman burgess talks about trumps visit to dallas and Police Reform. Talking the latest on oil, big story this morning, at the 8 00 oclock hour Washington Examiner byron york talks the seattle protests. Former toys are are you sure gary storch talks the state of retail and malls in america and the new voice ceo herman cain talks Police Reform and the economy and finally dagen is missing this, nascar driver bubba wall lace will talk about the changes that the support is seeing, dont miss a moment of it in next 3 hours mornings with maria. Also coming up new coronavirus risks, hot spots emerging in states like florida. All you need to know plus final day of youtube week, makes life for coming up with projects for families. Now is the time for a new bath from bath fitter. Every bath fitter bath is 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. Cheryl the risk of resurgence, the nation bracing for a possible second wave of Coronavirus Infections as new hot spots emerge in states that have reopened and florida is going to be one to watch. Jacksonville will host President Trump for the Rnc Convention promising full crowds and no coronavirus restrictions. This comes as Florida Governor ron desantis says Public Schools will open at full capacity in august. Joining me jennifer caudl, full convention without restrictions, does that worry you . It does, any mass event happening around this time anywhere in the country honestly is concerning to me. This is something that myself and many of my colleagues were concerned about, the idea as time goes on, as we start opening up and things like that we start to see resurgence in cases and one of my questions is is this a resurgence in cases that we are seeing in different parts of the country or had they just not gotten hit yet but either way we need to be very cautious, this virus has not gone away yet. Cheryl let me ask you this about florida because testing increased by 37 over the last few weeks but confirmed cases have risen 28 . Doesnt it make sense that if youre going to do more testing you will get more cases . It does, absolutely, but, you know, theres a lot of variables that have gone along with that. Certainly we are testing more and thats a natural given. Anywhere that youre testing more you will have more cases because youre able to find them but, you know, in many parts of the country the country has opened up as well, so another variable is we dont know how much opening the country has sort of impacted that and allowed transition to happen, we also know that recently weve had protests as well. How much has that played a role . Theres a number of valuables playing a role and why we have increase number of cases. Thats why i said regardless of the reasoning, underlying reasoning i think the message is clear here. Coronavirus has not gone away. Its here. It has the capacity to increase and in fact, doing that in some places. Cheryl i know in arizona, jennifer, its the Younger Generation thats coming up with more positive tests, those that maybe werent social distancing and arent worried about getting sick. I will ask you about blood type, can blood type be a factor to immunity and theres a study from 23 me, 0 blood time 8 to 9 less likely to contract it. Its not the first time that we have seen blood type implemented to coronavirus, type a and type b associated with greater risk. Type a has been associated with respiratory failure, thats what youre referring to. This is not a new concept. Its not definitive. This is adding to knowledge of coronavirus in general on how blood type and genetics play a role. Really interesting to see how this sort of shakes up. The whole casone family is looking at their blood types. Dr. Jennifer caudle, appreciate it. Thank you. Cheryl major rally underway, what is driving markets . Plus the sopranos secret . The fate of tony soprano making a buzz this morning. Incomparable design makes it beautiful. State of the Art Technology makes it brilliant. The lexus nx experience the crossover in its most visionary form. Experience amazing at your lexus dealer. Cheryl demonstrations raging across seattle, protestors swarming the capitol hill neighborhood taking over city hall and forcing Police Precincts to close, seattle mayor Neither Police chief plan to resign but President Trump speaking to Harris Faulkner yesterday indicated he may step in. If there were more toughness, you wouldnt have the kind of devastation that you had in minneapolis and in seattle. We all see whats going on in seattle. If they dont straighten the situation out, we will straighten it out. We will not let seattle be occupied by anarchist. Cheryl mattie, do you think the president needs to step in and deal with the situation in seattle . We dont quite know what the circumstances are. This is really the first wear hearing. No other media is talking about whats happening in seattle which i think is shocking so we dont know the full story there. I will say that this is one of the circumstances where i would really like to see the president take a step back and not get ahead of himself with the tweeting and the comments he makes about seattle. This is the same day hes announcing what could be very substantial reforms to policing on the federal level, thats where he should be concentrating his efforts and not talking about seattle. Its interesting that the precinct was abandoned. Seattle needs to understand the circumstances there. The president he has a lot going on right now. Hes trying to show leadership role when it comes to divisions that are happening in the country. He should be focusing efforts there. Jon hilsenrath, you have to wonder if its about politics, liberal politics. I will say, mattie, to your point, former colleagues were attacked in seattle for another network, they are covering the story maybe not enough. Jon, again, this is liberal politics, maybe at its worse, letting the folks just run ramp it, take over a city . Jon well, you know, i want to talk actually about the economics of some of this and how it might relate to the politics, you know, theres a political argument going on right now that whether americas are dysfunctional, when you look at minneapolis, new york or seattle and what i want to say is some of them are reacting right now in dysfunctional ways and looks like they are seeing that in seattle but a lot of American Cities have actually had a great run over the last 10 years. Seattle is among them. When you look at where growth was happening, where Economic Activity was happening, where jobs were being created, its cities like seattle, durham, North Carolina, austin, texas, its been in places that are red and that are blue and its because the cities attract a lot of tech work and a lot of highend services. Cheryl well, you know what, jon, let me jump in because i want to get lou before we go to break. Where is big tech, where is boeing and major employers in seattle, why arent they speaking up . I disagree with mattie, its idiotic idea to create autonomous zones and let the spread. Its not something that we can have spread to other cities and creates civil unrest. Police officer said the Response Time to 911 calls has tripled, we cant have that. We need law and order and need everyone to be local instead of sitting back on their heels. Cheryl because even here in blue new york they finally brought in the nypd to stop what was happening in our city. Back on the campaign trail, find out where President Trump and former Vice President joe biden are going to be off to next. Plus game on, the play station 5 makes debut, see which game is hitting hitting the console first. Cheryl welcome back, im Cheryl Casone in for Maria Bartiromo. It is friday, its june 12th, top stories at 6 30 a. M. Eastern time. Futures are rallying looking to gain back some of yesterdays heavy losses. Nice to see the numbers, the dow is up 583 in premarket, s p up 57 and a quarter, nasdaq up 154 and change. This after concerns over spikes in coronavirus cases and what it could mean to the economic recovery fueling a major selloff for the markets yesterday. We lost more than 1800 points on the dow. All three major indices likely lower for the week. In europe green across the board despite the fact that uk economy took big hit from the coronavirus shutdowns. Gdp plummeted a record 20. 4 in april for the country but all the markets are coming back and into asia red across the board following wall streets steep selloff there. As you can see all major indices taking a hit especially the kospi down more than 2 . Stories making headlines this morning, President Trump is set to deliver the commencement address of west point tomorrow. President trump expected to celebrate the amazing accomplishments of cadets, graduating seniors will return to the new york campus after they left back in march, social distancing will be enforced and families will watch the ceremony via live stream. Graduates will be allowed to toss hats. This year will have to retrieve them on their own. Hertz may be bankrupt but thats not stopping the company to stop selling billion dollars in new stock, hertz is looking to take advantage of the recent rally in its stock after they filed for bankruptcy last month. Hertz is also asking bankruptcy judge to get out of leases of more than 140,000 vehicles. Taking a look at the stock, gain is 34 , 2. 76 a share. Shares of lulu lemon down in premarket. The stock continues to sell off this morning after the company after the bell. Fell 17 , 652 million, of course, during the pandemic. Online sales and could not offset the losses after pandemic forced them to close stores. Lulu lemon has Strong Financial guidance due to Coronavirus Impact on business. Here is a look whats trending on foxbusiness. Com. June 10th comet rate end commemorate end of slavery. The Company Announcing more than 2 dozen titles ahead of that, sony would offer two versions of console, no word on pricing, rumors are 500. Tickets go on sale june 19th, 100 her car. Vehicles have to stay 6 feet apart, staff will wear personal protective equipment and also limited capacity for restroom. President trump tackling Police Reform in a trip to dallas, texas yesterday hinting at what to expect next week. We are going to finalize executive order that would encourage Police Departments nationwide to meet the most current professional standards of force and that means force but force with compassionate compassion, if somebody is really bad, you have to do it with real strength, real power. Cheryl former Vice President joe biden in philadelphia yesterday on the campaign trail focusing on reopening the economy in the wake of the coronavirus pandemic and taking a swipe at President Trump in the process. Trump has basically had onepoint plan, open businesses, just open, but it does nothing to to keep workers safe and keep businesses able to stay open and secondly, it has done very little to generate consumer confidence. Cheryl joining me now conservative commentator author of new book trump and churchill, foundation for liberty and greatness, nick and laura. Nick, i will start with you on the president s trip to dallas. He talked about what he wants to see happen, not defunding the police and he wants i will go to fourplan we got, Economic Development in minority communities, hes talking about health care, hes talking about standards, new standards for police and also school choice. What do you make of the president s vague idea of new plan . I think it was a terrific plan, cheryl. Enacting school choice, addressing stuff with the police. I think it was a measured plan, i think it was terrific. I was very happy with the president and also at the point that theres no benefit labeling racists or bigots. I as you know im a legal immigrant country in america, thats something that we have to remember. Cheryl on the other side of this, not joe biden, the democrats talking about defunding the police in some cities and even former Vice President joe biden says he doesnt support the plan, why are we still seeing call to defund the police . Well, i would like to comment first on President Trumps light suggestion to police that they not do what has been happening unfortunately for so long with African Americans being targeted, black americans dying in the streets and hes confronted it with a light suggestion. You know, i think that if you look at joe biden and what he wants to do and what youre seeing in cities like my city of san diego where youre looking at getting rid of the crowded restraint which was used in the george floyd killing, looking at the police holistically and change how policing is done so communities are protected and so that the police understands, you know, a lot of polices are taking directives so we need to make sure that racial profiling stops, systematic racism is cut cheryl laura, let me jump in here. But, laura, again, we will get more details from the white house, maybe today but probably next week about what that specifically means and that will be part of it. Certainly you have bad apples in police. At the same time when you look at what happened in seattle and you look at what happened in new york; the issue of defunding the police which keeps gaining steam in the liberal groups seems seems insane to me, laura. Youve got to have police. Think about how Police Budgets are spent, whether or not we are encouraging racial profiling and whether the priority should be investing in our communities to redirect people so that they have opportunities and and we have programs to make sure that recidivism and people committed crimes have opportunities to transition to a new life, all of these things, its about reexamination, cheryl, i think its not about communities versus police, this is about looking at the Police Budgets and its about looking at the structure of police as has evolved and make changes that we see thousands of american across the political spectrum marching to demand change. Cheryl i do see your point, nick, i do want to pivot to campaign trail obviously this is an Election Year and heck of a year so far, nick, even Vice President biden backing off of the idea to defund the police, hes not really supporting that at the same time President Trump hes hitting the campaign trail. Can the conversation be changed, weve had the pandemic, riot and peaceful protests. This country has been through a lot, nick. Its been a heck of the year. I do think the president can change the narrative. Me made America Great again like he promised it. I think he will make America Great again. When it comes to america its not black lives that matter but black votes that matter and they are using this as weapon against the president. I dont think its going to work when it comes to november. I think the president is being very measured in what hes done. I think he should be commended and we really need to be a very real about this. There are bad apples in the police force. At the end of the day there isnt systematic racism, false narrative and one that the president is doing a great job at shutting down. Cheryl laura, go ahead and respond to that. I think the false narrative is that the president is doing anything to unit the country. Thats what americans are reacting to. Hes done absolutely nothing. No National Address in the wake of mass civil unrests on the streets, people protesting for against Racial Injustice and for rights of black americans and i think his lack of response and really his only response is to encourage the military and police to use violence against protestors. Thats unrest and division. I find that laughable to suggest cheryl not encouraging violence i think law and order just trying to get order in the country. Maybe the military was not the right choice, but at the end of the day we still have a lot going on in this country and a lot of anger. Teargas against people, protestors for a photo cheryl thank you very much, appreciate it to both of you, we are out of time. We have a lot coming up. Roll camera, california restarting its movie business, what to expect ahead. Plus, what a shot . This hole in one on the pga tour making a buzz this morning. We are coming back with the buzz. vo at audi, we design cars that exhilarate with versatility, whether on the track, or the everyday drive. Today, that philosophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. Cheryl bright lights of hollywood are back, california filming Television Production to resume today, crews at standstill through the pandemic. Joining me now former film executive Media Capital technologys president and author of feeding the dragon, chris fenton, chris, what do you think, they are reopening production today but will look a lot different . They will have people doing social distancing and masks and ppe, can hollywood get back to where it was . They are technically opening for production today, different regulations from the state and also from la county and la city but the reality is that production is not quite ready to start up at any sort of meaningful manner. Theres two big issues involved with that, one is getting the unions on board. That includes above the line unions, that include everybody like the actors to the directors, writers, et cetera, and then theres the below the line unions which include everybody from the grips and the electricians and all the teamster and transportation workers. You have to get those people on board and on top of it you have to get the insurance situation figured out and thats complicated. Cheryl everybody is worried about lawsuits as everybody comes back to work. Its hollywood, right, theres a lot of hugging, intimate scenes, all kinds of things. Hollywood productions arent socially distance. What is this going to look like . How do you write a script for something that you cant shoot it . Well, its funny, covid really shines the light on the fact that hollywood is not a widgetmaking business. In my book i dont get too inside baseball but i reveal colorful parts of making movies. Even if you look behind me you see the iron man 3 poster, we had robert downey, jr. Doing his own stunts, he got hurt during the process an ultimately shut down production for a bit and shooting down production on bigbudget movie can cost 500 to a Million Dollars a day and ensuring against that type of thing is very expensive and carries a lot of liabilities for the insurers. Cheryl lou, tv production is amazon, netflix, amazon prime, lou, jump in here. Lou forget the end of the internet. Just a real practical question here. How quickly can content go from production to distribution and do you think this pandemic has permanently changed the model where we will go straight to streaming and just bypass theaters . Chris well, theres two questions there, one is the Actual Development into production and into distribution situation. Its much faster in television typically because of the way that production cycle is done. Movies can take a lot longer but your second question with regard to Theatrical Release of movies, i think we will see hybrid models and we will see it hybrid across different markets. So we might see the United States go straight to a pay Premium Model and bypass theatrical and we might see other markets like china or india go straight to theatrical for the first window. Cheryl all the networks, fall tv shows arent happening, we will not get new content basically until next spring and we are all through tiger king and need something else. Chris, thank you very much. Thanks for having me. Cheryl well, lets stay with hollywood here, coming up a long time sopranos secret possibly slipped. Line of work, its always out there. You probably dont even hear it when it happens, right . [laughter] cheryl the fate of tony soprano making a huge buzz this morning, weve got it coming up. Cheryl time for morning buzz, first up Country Music trio, lady antabelu changing name. We regetful and embarrassed to say that we did not take into account the associations that weigh down the word, referring to period before civil war which includes slavery. We are sorry for the hurt this has caused. Cancel culture, mattie, your reaction. Mattie you know, cheryl, lady has to do whatever they feel they can do to contribute to circumstances which is having conversation about race. Gerard bush last filmmaker and partner they are releasing a movie this summer called antebellum. Its my responsibility as someone with platform to be investing more and talking about hiring more black creators and making sure hes highlighting back contributions to the industry. Cheryl like they are known as lady a. I happened to like Country Music. I love this story. It is a finale being debated to this day. 2019 interview that resurfaced sopranos creator could put end of the shows, final moment as the death scene, now a lot of fans, lou, tony didnt die and i kind of didnt want to know but i kind of we do. I love meatball and sopranos. I dont know if david was auditions, he contemplated this 2 years in advance. He tried to walk it out but that one is out of the bag. Cheryl his partner was you realized what you just did, buddy. Hole in one, pga officially returned yesterday, one golfer got right into it in the opening round of Charles Schwab challenge. Hole in 1, second one in his career, tough to do Jon Hilsenrath. Jon you know, its great news for me as a sports junky to see, you know, to see any kind of sport getting back on the tv and ive got a question for baseball, hey, baseball, are you watching. We were talking about maybe having baseball season starting july 4th, thats been thrown out the window because the owners and the players cant get act together on agreement on how to share revenue. They are fight over how to share revenue that they are now not going to get because they cant agree on how to share it. If they dont move fast, they will see all the other sports blow right by them and no one to play but themselves. Cheryl you will have basketball altogether. Jon baseball has a chance to have the stage right now and they are blowing it. I just dont think theres any other way to say it. They are blowing this opportunity. Cheryl they need to get over themselves thats far sure. Guys, thank you very much, stay with us, a lot more coming up with all 3 of you. Still ahead setting up for summer vacation, how americans are preparing to travel amid the pandemic, we will look at that coming up in the next hour of mornings with maria. 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. And mine super soft . With the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. But can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. And snoring . No problem. And done. So you can really promise better sleep . Not promise. Prove. Its the final days to save up to 600 on select sleep number 360 smart beds. Plus 0 interest for 48 months free premium delivery when you add a base. Ends monday. Cheryl good morning. Im Cheryl Casone, im in for Maria Bartiromo. It is friday, june 12th. Your top stories 7 00 a. M. Eastern time. Futures rallying, looking to gain back some of yesterdays losses, s p up 56 and a quarter, nasdaq up 151 and change, this was after concerns over spikes in coronavirus cases and what it could mean to the recovery fueled a major selloff yesterday. It was a brutal day for wall street, the dow losing 1861, nasdaq lost 527, s p lost 188, after going above the nasdaq after hitting 10,000 earlier in the week. The dow, nasdaq, s p 5 0 r fa recording the highest number of cases in a single day, as President Trump announced his Republican Convention he speech will take place in jacksonville, one Health Expert warning the u. S. Will hit 200,000 deaths in september, he joins us later on in the hour. The white house looking at more stimulus, the plan could include another round of checks going directly to americans. Police reform, President Trump calling for Police Departments to meet the most current professional standards of force, saying he will announce a fourstep plan centering on Economic Development and making investments in my mort minority communities. Seattle under siege, reports of armed guards, extortion and no police. President trump warning if leaders cant take back the city, he will. Microsoft keeping its facial Recognition Technology from Police Following in the foot steps of amazon and ibm. And weve got this, our look at the big business of youtube continues, introducing you to the people gaining popularity and making money from posting videos. Today one of the moms behind the parenting videos scoring more than 60 million views a month. Mornings with maria live now. And in europe its green across the board despite what we saw in the United States yesterday. Take a look at this, the ftse actually gaining more than 1 and the dax index, the cac 40 higher as well, despite the fact the u. K. Economy took a big hit from the coronavirus shutdowns, gdp there plummeted a record 20. 4 for the month of april. Now to asia, red across the board following wall streets steep selloff, the biggest loser was the kospi, down 2 . Joining the conversation this morning, weve got the allstars with me, Jon Hilsenrath, Mattie Duppler and lou basineste. Weve got top stories making headlines, want to bring them to you. First, this, President Trump laying out his fourstep plan to tackle racial inequality and Police Brutality. While he was in dallas yesterday. His plan includes Economic Development and minority communities, confronting healthcare disparities, and renewing calls for school choice. Well, the mayor of seattle slamming President Trump for vowing to take back that city. Lawfully gathering and expressing First Amendment rights, demanding we do better as a society, and providing true equity for communities of color is not terrorism. It is patriotism. Cheryl protesters have taken over six blocks surrounding the Police Precinct referred to as capitol hill autonomous zone or chaz theyre calling it. They have a list of demands, including the city defund and abolish the Police Department. The police chief said it was not her decision to abandon the precinct. The department is warning Business Owners to not give money to the protesters after reports of extortion in the autonomous zone. Well, zoom video under fire for closing the account of a Human Rights Group saying it took that step at the request of the chinese government. At issue, a Video Conference marking the anniversary of the Tiananmen Square massacre in 1989. Zoom which has been criticized for its relationship to china has since reactivated that account. And twitter has shut down more than 170,000 accounts that it says were used to push prochina messages. The company says the fake posts spread deceptive narratives about the hong kong protests and covid19 pandemic. Well, florida seeing record high covid19 cases in a single day. The states Health Department reported more than 1600 cases, almost 20 higher than the previous record. Governor ron de santis crediting the increase in testing for the spike. Florida is in phase two of the reopening with restrictions eased on restaurants, gyms and beaches. There is no set date when the state will enter the third and final phase. Later this summer President Trump will accept the gop nomination in jacksonville. Well, the Senate Judiciary committee is giving senator Lindsey Graham the green light to issue subpoenas in its investigation into the 2016 russia probe. The list requesting documents and testimony from several high profile obama officials. Graham detailed his plans on last nights hand a hannity. Im going to call every person who signed the warrant and ask them, did you know about the doctoring of an email, did you know that the fbi had learned that the dossier was no longer reliable, and im sure most of them are going to say no. The most important investigation in 30 years of a sitting president that nobody told the top of the fbi oh, by the way our case fell apart. Cheryl well, under committee rules, graham can only issue subpoena as part of a deal with Ranking Member Dianne Feinstein or a majority vote. Well, funding Police Departments, President Trump speaking on what the white house plans to do regarding Police Reform during a roundtable in dallas, texas yesterday. Were working to finalize an executive order that will encourage Police Departments nationwide to meet the most current professional standards for the use of force including tactics for deescalation. Were not defunding police. If anything, were going the other route. Were going to have Stronger Police forces. Cheryl joining me now, texas congressman, medical dr. Michael burgues. Its great to have you here, sir. Thanks having me on. Cheryl this is the first time we heard the president dig into what he sees for Police Reform. What did you make of the plan yesterday and how was he received yesterday . In the event venue he was obviously received very well. I wasnt part of the motorcade so i dont know what the scene was like outside. But i will say this. I thought of course the president put down the marker that order is going to be maintained. I think thats important. He is the chief in a way, hes the chief Law Enforcement officer in the country. But he also it was a note of conciliation and certainly the panelists who were present and spoke very hel eloquently about things such as education and investment in the minority community, ways to bring people together, i thought that was an Important Message also. Wasnt exactly reported in the papers, the coverage i read. Cheryl he was in dallas texas. There were horrific scenes that came out of dallas during all of this. I want to bring in Jon Hilsenrath from the wall street journal. Hes got a question. Jon. Jon congressman, i want to ask about this idea of bad apples in the police force. I think most americans would agree that the vast majority of police officers, say, 99 , are good people doing well protecting the public. But this idea that maybe there are a few bad apples, i wonder if thats an acceptable idea. You know, we wouldnt accept a bad apple among pilots. You cant get in a plane if 1 are bad and might crash the plane. So what do you think of this and is there any way to just kind of get rid of the notion that its acceptable to of have bad apples . Its not acceptable to have bad apples in every profession, every profession, medical profession, certainly theres always a significant effort made on selfpolicing but also there are standards and there are outside reviewers, so its yes, there are people who end up being policemen who should not be policemen. The idea is you need to find them, find them quickly, find them another line of work or get rid of them. I think one of the points that the president did make yesterday was comparing with the va when he arrived in office, you couldnt find anyone at the va and he changed that and it helped the culture at the va. It made it better. So i dont i think acknowledging that, yes, there are some theres some people who shouldnt be there but it doesnt wor mean you dont workn continuous im provement. Cheryl instead of talking about defund, lets talk about maybe reform for police. Thats being talked about in congress. South carolina senator tim scott, hes got a draft of a proposal that we think would be ready by maybe next week. In the house youve got minority leader Kevin Mccarthy saying he disagrees with the dems, and he would support efforts like banning choke holds. Obviously the back and forth is going to start between the house and the senate of. Probably not a surprise here. What kind of meaningful reform do you think should be passed by congress . Well, i do think look, the discussion about defunding the police is one of those particularly troublesome to me because if anything, you want to increase the value for someone to be a policeman because you want the very best people to apply. If you dont have the best people applying to these Law Enforcement positions, youre not getting the very best people and we need them. The country needs them. The communities need them. So i think anything that embellishes and encourages a higher standard even upon entrance into the police academies, i think that would be a good thing. Cheryl its a conversation four years ago we had a terrible event in dallas where five Law Enforcement officers lost their lives providing security for a protest march and they were ambushed on the street and shot down. Chief renee hall who wasnt at the event yesterday admittedly but said Dallas Police force is down 600 officers. Its difficult to get your best people out when youve got those kind of constraints and paying benefits on top of it cheryl i dont have a lot of time this morning. There was definitely commentary in the dallas area about who was not with the president yesterday. Im glad you brought that up. I want to switch gears to whats happening in houston. What do you make of this talk that one official there saying they are the praecipes of a disaster for covid cases and there could be another lockdown there. Whats your reaction to that . Well, talk of a lockdown is way premature. When the governor began the phased opening that were doing now in texas, there was broad acknowledgement, that doesnt mean the virus is over, that there wont be more cases and it needs to be monitored closely and the one thing about this virus that we learned is that when a when theres a clues tieclusterof cases the virus hae ability to be a super spreader and where there is evidence of that youve got to be very aggressive and get on that quickly with isolation targeted in that whatever facility or area that is, ramp up the testing, and aggressive Public Health information to citizens. But its i think weve all learned through what weve just been through that you shut things down entirely and you hurt a lot of people. Theres a lot of Collateral Damage in that and certainly weve seen that throughout society. Cheryl you say that as a congressman and of course from the great state of texas, my home state as well. Congressman michael burgues, always great to talk with you, sir. Thank you. Cheryl coming up next, this is going to be great, former Shell Oil President is going to talk to us about the latest on the oil contract, going crazy the last 48 hours. Next hour, Washington Examiner chief correspondent brian york talks the seattle protest. Jerry storch talks the state of retail, herman cain talks Police Reform and the economy. Bubba wallace talks about the big changes nascar is seeing. Dont miss a moment of it. Cheryl oil is edging higher this morning, up about 16cents, were at 36, 50, this follows yesterdays steep slump for oil, we saw the biggest drop in the contract, we havent seen it since april 127th. Investor april 27th. Investors are worried about the spike of coronavirus cases. I want to bring in former Shell Oil President john hofmeister. What do you make of the concern about demand destruction because youve got the oil side of the story and then youve also got these incredibly low gas prices across the country right now. Well, this is a very, very uneasy season for demand and its going to continue, i think, as long as we have this uncertainty with respect to how much of the economy will remain essentially shut down. And so theres a big problem. And if you look at what opec plus did last week, when they extended the cutbacks of production of oil but only by a month, thats really to say to the u. S. Oil patch, dont get your hopes up of producing any time too soon because were going to if you do, were going to flood the market again. A month from now. And so everybodys on edge on the production side about not producing more than the economy can handle because what do you do with oil thats not needed . It just sits in storage and its not of any value to anybody. On the other hand, if youre a producing company, thats what youre paid to do, produce oil. So the u. S. Oil patch is in a dilemma right now, the price is high enough to begin some new production, just barely, but most everybody i thinks going to hold back because the demand is not there. Cheryl talked to the saudis and russians about that. Mattie duppler, youve got a question for john, go ahead. I would say its not just about production, its about investment. These are capital heavy industries, millions of jobs hang in the balance. Part of the cares act allowed for some tax treatment that allowed companies to smooth 0 losses because of the demand shock. What do you think Congress Needs to do moving forward and important is it to maintain tax treatment for companies so they can ride out this storm . Well, i think thats the best thing congress can do is provide some kind of tax relief, which means elimination of certain royalties and giving people a break on the cash that they have to to pay to the government. But youre correct, with this demand destruction, what comes with it is zeroing out or severely curtailing Capital Investment. We know from 100 years of history, every time we cut back Capital Investment a year, year andahalf, two years from now, theres not going to be enough supply. Because we arent finding new oil. We arent producing for the future. And so were going to face the inevitable, high priced oil, maybe its 2022, 2023, dont know for sure. But weve put down about 6 to 800 billion of capital has been deferred from this industry. And if you dont spend money for the future, in the future youre not going to have the oil. We know that for a fact. Cheryl john, that is an interesting, fascinating warning from you. Before we go i want to bring in lou. Lou you mentioned high prices, thats what you guys were experiencing during your tenure. Do you believe the addage that low prices are the cure for low prices, will there be a demand uptick or is there too much excess supply for that to happen. For right now, theres an excess of supply. Keep in mind, we lost about 12 to 14 Million Barrels a day of demand. Thats huge. Thats a 15 roughly a 15 reduction in total demand for oil and what do you do when you cant sell it . You just sit on it. And so i dont think low prices are going to help cure low prices in the short term. It may be by the fall well see a different scenario play out. But right now, i think its going to be a continued low price period through the summer months. Cheryl john hofmeister, im still stuck on the fact about 2022 and the issue of supply. Thats end credible. Makes me want to buy Energy Stocks today. Underhofmeister, thank you so much. Cheryl coming up, we are poised for a triple digit rally at the open after a dismal day on wall street yesterday. Weve got to having positive on a friday, dont we. Dow is up 537 in the premarket right now. Setting up for summer vacation, how americans are preparing to travel amid the pandemic. We were just talking about gas prices. Are they going to be driving . Stay with us. Hey, you, get off of my cloud. Dont hang around 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. Cheryl cities across the United States struggling to stay afloat. Among them, allentown, pennsylvania, now fighting to survive amid revenue shortfalls due to the covid19 pandemic. Kristina partsinevelos is in allentown this morning. Good morning to you. Reporter good morning, cheryl. Like you mentioned, it is a cry for help from a lot of these small towns across america. Why . Because they were left out of the almost 2 trillion Coronavirus Relief package. Allentown, its the Third Largest city in pennsylvania, a little bit more than 120,000 people but it still wasnt big enough to get funding from washington. Overall, you have cities, towns, they have to have at least 500,000 people in their population in order to qualify. That means roughly 36 cities across the country actually made that criteria which is why towns like allentown are begging for a cash infusion from washington. Listen in. Were in dire financial situation right now. A hungry mouth is a hungry mouth, no matter if its in a small city or a large city. And weve got a lot of challenges and very needy people here in allentown. Reporter its estimated that towns and cities in pennsylvania will see a roughly 40 revenue shortfall. In allentown theyre expecting a budget loss of 10 million. This is a time when allentown was trying to reinvent itself. It used to be a manufacturing hub. Now its trying to be a place where Small Businesses can thrive. You can see with the boarded up windows, forrent signs all across the city, everything like that is on hold. With the next round of funding relief stalled in capitol hill, a lot of towns will have to make some Big Decisions and that means budget cuts, cutting parks budgets or reducing the number of firefighters, et cetera. Thats because a lot of the towns, small towns across america feel left off, feel the money went to larger municipalities instead of small town america. Thats why theyre begging for help. Cheryl thats why billy joel wrote a song about allentown. If you listen to the lyrics, its what youre reporting on today, so thats crazy. Reporter its crazy. Its come back again. Its so unfortunate to see a lot of these stories like this. Cheryl kristina partsinevelos, live in allentown, pennsylvania. I want to bring in Jon Hilsenrath for your reaction. It is sad whats happening to small towns not small towns but smaller towns like allentown who arent getting the attention they need, jon. Jon i think thats a really important report. I hope the rest of washington is watching because theres this kind of debate going on in washington which is kind of painted as red versus blue, why should the government bail out these kind of blue states and blue cities. But the fact is that the shock thats hitting state and local governments right now is color blind. Its hitting red places, blue places and purple places like pennsylvania. And so i think thats really whats going to shape this next the state and local debate about giving support to state and local governments is a really important debate thats going to be happening in washington. Cheryl matty, mattie, i wt to get you into this. Final thought. The Federal Reserve is setting up a Lending Facility that is supposed to give help to states for these reasons, theres different sizes, different problems across the country. Allentown hopefully can get support there. Cheryl weve got a lot more coming up. Youre going to love this story. Not gone yet, gone with the wind sales are up after hbo max took it down. It is making the buzz this morning. We design and engineer in america. And assemble more vehicles here than anyone else. Its why at moments notice we can take American Ingenuity and our manufacturing capability and put it to work. Building respirators, ventilators and face shields. Building what weve been building for over a century. An unbreakable connection between the Ford Motor Company and america. Cheryl welcome back. Im Cheryl Casone, in for Maria Bartiromo today and it is friday, june 12th. Your top stories at 7 30 a. M. Eastern time. Futures rallying today, looking to gain back some of yesterdays heavy losses. The dow is up 533 in the premarket, nasdaq up 154, s p up 55 and change. This of after concerns over spikes in coronavirus cases and what it could mean to the recovery fueled a major selloff yesterday. It was a rough day for wall street, havent seen this since march, dow lost 1861, nasdaq down 527, s p lost 1898. Now to europe, green across the board, despite the fact the u. K. Economy took a big hit from the coronavirus shutdown, gdp plummeted 20. 4 in april. In asia, red across the board following wall streets steep selloff. The kospi down more than 2 . Some of the top stories this morning, two active duty navy pilots were killed in a plane crash in alabama, the plane going down a few miles outside of selma yesterday afternoon. The commander was josh was josh. The ntsb is investigating the crash. Palentere technologies is planning to file for an initial Public Offering soon. The company was started by peter teal. It could start trading as soon as september. This follows a number of successful ipos in the wake of the coronavirus outbreak. The company was valued at 20 billion in 2015. Heres a look at whats trending on foxbusiness. Com. Microsoft joins amazon and ibm in halting police use of facial Recognition Technology. The company does not sell facial Recognition Technology to police right now, says it will not do so until theres a national law in place, quote, grounded in nen rights. The yum brand lawsuit comes a day after grubhub was purchased. And a gnaw survey says 45 of americans plan to buy travel insurance for future trips, that of move is thanks to the coronavirus upending a lot of travel plans over the last three months. Well, staying with the coronavirus, and the risk of a second wave, the nation is bracing for a possible new spike in Coronavirus Infection as new hot spots emerge in reopened states. In florida, jacksonville will host the Republican National convention, promising full crowds and no restrictions. President Trump Holding a rally in oklahoma just next week with sources saying theres going to be no mandates for face masks or social distancing. A lot of questions here. I want to bring in Harvard Global Health Institute director, dr. Aashish jah. Great to have you. You said this recently, that if states continue to loosen their restrictions we could see 200,000 deaths by september. That is a stunning number, doctor. Why do you say that . Good morning and thanks for having me on. Right now, about 800 to 1,000 people are dying every day from the coronavirus. And if you assume that we wont see any spikes, that we wont see any increases, that that number will just stay steady, thats 25 to 30,000 deaths a month and that means that some time during september we will cross the 200,000 mark and we wont be done. The pandemic will keep going. It was just my way of giving a reality check to folks that were not done with this pandemic. Weve got a long way to go and weve got to be careful. Cheryl weve heard dr. Fauci and dr. Birx say over and over again, wear a face covering, wash your hands, social distancing, a lot of the parts of the country were not seeing that and we really didnt see that during the protests. Did that factor into your prediction . Those things all worry me. I completely understand we cant be locked down forever so of ive been supportive of the idea of opening up but i said weve got to open up smartly and that means maintaining a certain amount of social distancing. If youre going to go out and go into crowds and i would prefer from a virus point of view that people wouldnt do that, but i understand people feel compelled to do that but if you do youve got to wear a mask and use hand takesanitizer. We need to get testing in the communities and the states. Thats not where it needs to be. Cheryl theres a piece in the journal this morning, im going to bring in Jon Hilsenrath from the journal, theres a piece that said basically because youre getting more testing, youre getting more cases. Obviously, the more you test, the more positive cases youre going to get. Thats why florida, arizona and texas are seeing this kind of buildup if you will. Let me bring in my colleague from the journal, Jon Hilsenrath. Go ahead. Jon two things, ill make a point and then ill ask a question. One is, testing means for cases. Thats why we have to look at how much death there is. Theres no fudging that one. My sense is that deaths are rising and i would like to hear the doctors view about that. I would also like to hear what lessons weve learned, what lessons youve learned about what works and what doesnt work in terms of trying to get this contagion under control. Yeah. So those are good questions. Deaths are not fudgeable. And hospitalizations as well. So if youre going to make the case that the number of tests increasing is leading to more cases being identified, that would not explain increases in hospitalization and wouldnt explain the steady or rising death numbers and remember, hospitalizations and deaths are lagging indicaters, take several weeks after people get infected before they get really sick and dying. In terms of lessons learned, theres a lot. This is a changing virus the virus isnt changing, our knowledge is changing. What we learned, i think theres more and more evidence that being outdoors is better than being indoors. Two months ago we dhiengt we didnt think masks were important. Now we have learned that masks are important. If you look at countries like gergermany, they have a vigorous testing and tracing program, if we could get that in america we could get virus levels down and get the economy going again. Cheryl we have companies that are working on vaccines or treatments for the coronavirus. I want to bring in lou basineste. These Major American Companies are pushing to find that vaccine. Lou two points. One i wanted to mention that i think theres i dont want to be insensitive to the value of a life but weve become accustomed to a certain number of flu cases each year, 30 to 60,000, want to know if the doctor thinks theres a level set number that we accept theres a number that will happen each season with the coronavirus. A followon, what happens if there is no vaccine. Theres tons of companies, moderna, regeneron, racing for a vaccine, what we if we dont have a vaccine in the next 12 to 18 months. People will say there are older people. I care about the lives of older people. There are a lot of older people that i love. If they died off i would be pretty unhappy. I think this idea that were going to have to live with 3 or 500,000 americans dying before the pandemic is over, to me its unacceptable, particularly because no other high income country, maybe except the u. K. Which is also bungling this response but countries like germany and others are not having to do this kind of thing so we shouldnt accept it either. If we dont get a vaccine thats going to be im pretty optimistic we will have one. The idea that we wont have one in 18 months i think is low likelihood. Lets play that out. We are going to have to figure out how to live with this virus, hopefully well have better therapies and a program that knows how to suppress the virus in terms of a vigorous testing and tracing program. Theres two ways to suppress the virus, shut the country down or have a vigorous testing and tracing program. Masks and social distancing helps but only so far. So i dont we dont have a lot of choices right now. You have one. You cant shut the country down again. Cheryl we all agree on that. Doctor, it was great to haveu on. And i hope youre wrong. I hope your your predictions ae wrong. I do too. We are all hoping that im wrong. Cheryl weve had so much heart break in this country already. Doctor, thank you very much, sir. Great discussion with you. Weve got a lot more coming up. Were going to switch gears and talk about the office, offices, were looking at a new product that can keep employees minds at ease as they come back to work. Drive on, fans are getting back to the nascar races and its making a big buzz this morning. Maria next week on of mornings with maria, monday, he says the coronavirus economic recovery is already in full effect. Former cke restaurant ceo andy poser with the evidence. Tuesday, democracy depends on Law Enforcement according to valerie jarrett. She will join me live. Wednesday, President Trump takes the campaign back on the road, Sarah Sanders is here. Thursday, healthcare in focus, former Cleveland Clinic ceo, drn the next jobs in america. On friday, with markets continuing to show resilience, we are following the money. Its all right here on mornings with maria. Now is the time for a new bath from bath fitter. Every bath fitter bath is 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. Cheryl as states reopen, Many Americans are getting back to work despite rising coronavirus cases in some areas of the country. Many employees are fearful about returning to the office right now. A Digital Health company is launching a new product that helps Large Companies get workers back safely. Joining me now is the ceo of boyd health, andrew leay. Good morning. Good morning. Cheryl tell us about this product, how does it help us feel better about going to the office. We think going back to the office is a personal and a local decision and on the personal level we built a product called back with care that helps the employee understand if theyre symptomatic not to come in, if theyre exposed not to come in, if they received a positive test not to come in. Beyond that, if they have those things, to actually navigate them into seeing the right doctor, getting testing thats in network for them and helping them during the quarantine process. For employers, what were doing is actually taking into account the amount of disease thats in the area of all of their employees, so imagine you have multiple offices. We can actually help the employer understand if i bring back 50 of my new york office, this is the likelihood of this number of people getting sick. If i bring back 20 of my office in chicago, this is the number of people that might get sick, this is the number of people that might get hospitalized and this is the number of people that might get an adverse reaction. Were using real da data to help employers make safe decisions on who comes in and the employee level help them if they cant come in, actually get the care that they need during this really pivotal time. Cheryl what are your clients telling you on the corporate side about bringing people back into the office . How worried are they about lawsuits . I think there is a general sense that there feels like theres no silver bullet, whether it be testing or masks or social distancing or thermometer screens. I think that the sentiment right now is, goodness, i dont know what to do with this uncertainty. Having a product like were doing that takes real data from studies thats been published, thats been updated on a daily basis to help employers understand if you can layer multiple solutions on top of each other, testing, contact tracing, mask wearing, social distancing, reducing the number of people who come back into the office, that actually can have real effects on the likelihood of something bad happening. So really shedding light on the decisions that theyre making. Cheryl i like the data. I want to bring in lou on this, from the tech perspective, this is what companies will have to deal with and this data can actually assist them. Lou it sounds like a practical tool. Cheryl lou, your mic is cutting out. Anyway, that would be my question, then. But again, technology, though, andrew, i mean our work environments are going to change, right, everything is going to have to change. Do you think it will be new jobs in technology . Do you think companies will cut back in other ways because they dont need as many employees as they thought they did in the office, maybe the work from home thing, what do you make of all that . Theres no doubt about it. Were building a product to help employers bring employees back into the office, i think the genies out of the bottle in terms of how productive people can be in a work from home setting. Theres a lot of new roles that help remote workforces, whether that be remote hr, remote recruiting, remote it to get people set up at scale. Or even having senior level positions that focus on operations of a remote of workforce. I really dont think were going to go back to the way things were. Cheryl i think youre right. Well, again, im sorry we couldnt get lou in there because i think technology will be a piece of that, to your point. Andrew, thanks very much. Thanks, cheryl. Cheryl weve got a lot more coming up. Another shot at the game, who is reaching out to colin kaepernick, thats making buzz this morning. Plus, the final day of youtube week is here. Were going to hear from a creator who makes a living giving advice and then coming up with fun projects for the whole family. Shes a mom. Coming up. This ones for the girls. Who have ever had a broken heart. Who wished upon a shooting star. Cheryl it is time for the morning buzz. Gone but not forgotten, gone for the wind jumping to the number one spot on amazons best sellers chart, a day after hbo max pulled the movie for racist depictions. It could return to hbo max in less than a week. You go to your apple tv, jon, gone with the wind is now a top choice by the way, i should add. Jon a couple thoughts about this. One is i think a lot of people are going to attack hbo for Political Correctness and cancel culture for canceling this and, frankly, hbo is a private enterprise. They can do whatever they want with their property. People can boycott them if they want and thats the way a private enterprise system works. So im not going to argue with them doing what they choose to do with their property. The other thing id say is, yes, there is a risk here of people overreacting, Political Correctness, cancel culture. Maybe people have taken black concerns about policing more seriously, we won b wouldnt bee toxic environment. Cheryl i thought gone with the wind was a great movie. Its just me. I havent seen it. Cheryl its a classic. Another shot at the nfl. Seattle seahawks coach says one nfl team is interested in signing colin kaepernick. He told the times in seattle he regrets not signing kaepernick. Mattie, he hasnt played since 2016. Why is there still interest in this quarterback . Mattie i think he hasnt played since 2016 because weve been hearing about how o hes oe of the first to take a stance on the circumstance that the country is now confronting. Im not sure how i feel about him coming back on the field. Anyone who is upset about the fact that black americans used their platform in the past to talk about inequities in the country, they need to say this is not the time to say they cant use their platform to talk about what we need to heal in the country. Cheryl Roger Goodell says he regrets that we didnt pay more attention. The pledge of allegiance ends with justice for all. If we want to honor the flag lets try to live up with the pledge that we put our hand to our heart to every day as children. Cheryl were all in this together. Nascar announces it will allow fans in races this month in florida and alabama. Theyre going to be screened, ppe, social distance. What do you make of this, the fact that nascar is back. I [ indiscernible ] cheryl lou, your mic is messed up. Jon hilsenrath, final word. Jon on nascar, im going to throw it back to baseball. Hey, baseball, are you watching, weve got golf and racing. Where are you . Get your act together. Mattie jon, weve got hockey as well. Come on over, the waters fine. Jon baseball, wake up. Cheryl just want my baseball back. I miss it. Nascar is back. Its happening now. Driver Bubba Wallace is going to be joining me in the next hour, thats going to be 8 50 a. M. Eastern time to talk about the big changes the sport is seeing. And tune in for nascar on fox, thats this sunday, 3 30 p. M. Eastern time. Well be right back. Good morning. Im Cheryl Casone for Maria Bartiromo. Friday, june 12 top stories 8 00 a. M. Eastern time, futures rallying, look to gain back some yesterdays losses dow premarketing up 466 nasdaq up 132 s p up 47. This after concerns over spikes in coronavirus cases, what it could mean to the recovery, fueled a major he selloff yesterday this is where the dow ended last night 1816 to the downside nasdaq lost 527 s p lost 188 again coming back this morning. The dow, nasdaq and s p 500 are at this point on track to snap a three week with with winning streak houston considering lockdowns as confirmed coronavirus cases surge, florida recording highest number of cases in a single day President Trump announced his republican Convention Speech will take place in jacksonville. The white house, looking at more stimulus the plan could include another round of checks going directly to americans. Police he reform President Trump calling for Police Departments to meet most current professional standards saying will announce fourstep plan on Economic Development are investments in minority communities seattle under siege self undeclared autonomous zone reports of armed guards extortion President Trump warning if leaders cant take back that city he will, microsoft facial Recognition Technology, from p police. Following in footsteps competitors microsoft up 1 3 4 in premarket. Introducing you to people gaining popularity making money posting videos today one of the moms behind parenting videos scoring more than 60 million views a month. Mornings with maria live now. A in europe taking a look at green across the board despite fact that uk academy taking a hit from coronavirus shutdown, gdp plummeted there a record 20. 4 for april still a green in europe, asia youve got red arrows across the board following that o selloff that we saw on wall street the close last night the kospi loving the most, 2 , joining the conversation, about Jon Hilsenrath, and Mattie Duppler good morning. Good morning. With you in a second top stories making headlines right now President Trump, laying out four step pran to tackle racial inhe equality, in dalz texas yesterday here is what plan catalyze Economic Development minority communities, encouraging ptdz to meet standards for use of force, renewing calls for school choice. President defended Law Enforcement, in exclusive fox news. Is we have also to keep our police and our Law Enforcement strong, we have to do it right, they have to be trained in a proper manner when you see vn more than 8 minutes horror. A disgrace, and then people start saying well, are all police like that police arent like that. I have seen so many incredible things that they do. Call to Defund Police growing at least 30 cities pushing to redirect Police Department funding, the mayor of seelt is slamming President Trump, for vowing to take back the city from what he calls anarchists, occupying the precinct. Lawful grarth expressing First Amendment rights the demanding we do better as society providing true equity for communities of color is not terrorism, it is patriotism. As if protesters have taken over six blocks surrounding the precinct revered to as capitol hill ooms zone or chaz, a list of demands to defund abolish Police Department the police says not her decision to abandon the precinct. Florida, sees record high covid19 cases in a single day, the state Health Department reported more than 1600 cases almost 20 higher, than previous record, Governor Ron Desantis crediting the increase in testing for spike florida in phase two of reopening with restrictions eased on restaurants, gyms, beaches there is no set date when state the enter third final phase. President trump will accept the gop nomination in factville riflt nc picking the city for the president to give acceptance speech in august. Court of peoples to hear oral arguments on department of justice motion to dismiss the Michael Flynn case doj argues fbi should not have interviewed the former National Security advisory false statement made cannot be used in the probe. If hertz may be abrupt but not stopping trying to sell up to one billion dollars in stock according to the wall street journal hertz looking to take advantage of rally in stock after they filed for bankruptcy last month also asking a judge to allow it to get out of leases more than 140,000 vehicles up 45 a gain of 94 cents stock at 3 bucks a share. To demonstrations across seattle protesters swarming the capitol hill neighborhood this week taking over city haul forcing Police Precinct to completely close down chief says to meing are going to resign. If there were more toughness you wouldnt have the kind of devastation that you had in minneapolis, and in seattle, i mean see what is going on i will tell you if they continue straighten that situation out were going to straighten it out. We are not letting seattle be occupied by anarchists. Something needs to be done the Washington Examiner chief political correspondent, good morning seattle is a mess right now the president says enough is enough. ;. Well the problem for the president and anybody else who wants to see order restored there the local governments seems in favor of this, i mean you just played a quote from mayor of seattle, who basically is accommodate to go people whove taken over area renamed capitol hill autonomous zone appears protesters digging in for long run Getting Services there the city is helping them with this. So how do you deal with a municipality in which elected leadership does not want to restore or that is a significant problem for this president that we didnt see maybe with ub the passivity. Not just mayor of seattle the governor there really doing nothing, ive to compare this to what Police Department in new york same amount of violence, maybe got more in seattle but even though you do have a democratic mayor in new york city democratic Governor Cuomo finally said enough was enough to bring peace to the city i i dont understand where mayor or governor there thinks this is going to go, how is this supposed to get any better . I dont know. Well they may just be so animated by opposition to the president , that whatever says they are going to say on pitt the mayor seattle fame otherwise elie told the president get back in his bunker, after said that he would would restore order, in seattle so really unclear right now what the federal government can do. If there is significant opposition from both the state, and the local government in seattle. You know, to your point we keep saying especially in blue states playing politics, peoples lives on line, hard to watch, i want to switch gears, President Trump and former Vice President joe biden are now ramping up campaigning, the President Trump went to dallas yesterday for fundraiser bid 9 11 key state pennsylvania what states do you think biden is going to turn focus to for the summer . Have. A well, the reason donald trump is he won pennsylvania, michigan wisconsin, he had a job to do in 2016 to win florida, ohio pennsylvania, and ep did all that and then add michigan and wisconsin so pretty clear, what a democratic president ial nominee needs to do he needs to win back wisconsin he needs to win back, michigan, he needs to win back pennsylvania so i think you are going to see a lot of joe biden being a native pennsylvania are going to see a lot of campaigning in those states, clearly there are other states, like arizona, North Carolina florida, where the president did well before, that he may not do as well this time, they are going to be battlegrounds those three big states is what won it for President Trump pennsylvania wisconsin michigan. President trump said he is doing rallies, we have talked about Florida Convention there the rallies are going to kick back in, do you think that will help President Trump . The absolutely, he has been really kind of stircrazy i think like many of us, stuck in white house not able to go out and do these rallies because, the president he delighted showing how big his support would be, for example, in Iowa Caucuses before Iowa Caucuses democrats were getting really actively small crowds pet comes in a huge crowd in arena there did the same thing in New Hampshire likes to do that sort of stuff, the rallies what gives him energy, now going to be interesting to see, about what happens, in tulsa, because this is would be first big gathering political gathering since shutdown the president had last rally in late february, joe biden had a rally in detroit march 9 oldfashioned people stepped into arena the sort of rally but we havent seen those in a long time. We hear reports that the the president is not going to insist on masks social distancing or anything, we will see what they do. Quick before i let you go do you think there will be a facetoface president ial debate about. Sure, you know i just cant see the, how there could not be may be a failure of imagination on my part, but debates are so engrained in our system, there is a commission on president ial debates controversial a lot of the time but one of the big things that voters have to compare candidates so when you get to to be, rightb late september october, the choice is finally becoming really this person or that person you have to be debate to help voters decide. 2020 is certainly the most what the any of us thought it was going to be for sure so many ways byron york, thank you very much. A weve got a lot more coming up this morning, coming up next we have grot former toys r us ceo going to talk about the state of real and americas malls, herman cain takes Police Reform the economy, and changes the sport is seeing plus the final day of youtube week, hear from a creator makes a living giving advice coming up with projects. And because we dont know exactly when this crisis is going to be over and we dont know exactly when the stock market will reach its bottom, weve got to be prepared for this to last a long time. If you assume that youre out of work for nine months but you end up only being out of work for. Some Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. Business of retail hit hard by coronavirus pandemic, today there are about 1,000 malls operating in the u. S. , former Department Store executive expects more than 20 about shut down former vice chairman of target jerry, i remember talking to you when you ran toys r us a sads state for retail especially brick and mortar. It was tough before coronavirus now coronavirus, people unemployed, major shift to the ecommerce, we have two to three times retail growth we needed before the virus hits consumers coming out of quarantine looking arrange changed instead of things they want more focused on things they needed even things we want to change used to want fancy clothes, things like that, now, what we really want are Great Electronics we want Great Health Care things we use around the house more, because we know were in for long haul here. Run on toilet paper example i want to bring mattie into the conversation, being. Hi that is a dismal outlook especially given last friday we heard in may the economy added almost 400,000 retail jobs, was that a surprise do you think a trend going to continue or what is ahead for retail in will coming months. I am very optimistic outlook just that o there is a sea change taking place. So used to be maybe bought a lot of clothes dont need to get addressed up any more only People Like Us dress up to go on tv not plying clothes dont want to go in the Department Stores but big box Department Store target walmart costcos to get cool stuff best buy okay he home depot lowes amazon plenty of winners in this environment i am very optimistic capitalism always through pre of Creative Destruction recreation always adapts old guys used to win not winners of the future. Cheryl i have not worn a pair of heels in three months as a matter of fact. I am sitting here thinking you talked about getting dressed up, one might have hopes is never to wear a tie again. After this lockdown, you know i want to ask you about something good i think might be on the horizon, you know a lot of people were locked down it seems to me and we saw that people had more income than they did spending over the last couple months seems a lot of pentup demand we could see bump in activity next couple months as people say you know what it is time to have a meal, or do shopping. What do you think about pentup demand break that down for me. I think you are absolutely right. We retail for may tuesday next week i think seeing bump versus april bump after this going for a while. The real question what happens over Holiday Season allimportant for retail as you know. People will not be able to crowd into the stores, remember going like bum per to bumper last minute gift i dont think that is going to happen on top of shifts ecustomers you may see suppressed holiday demand also the retailers have been skittish, have not been ordering so much for the fall story of retail not what happens next few months i think that is going to be great very positive about that it is what is going to happen in Holiday Season and beyond there i think we get to next spring going to see a shake south yet more, bankruptcies consolidation but make no doubt but he you know the wirps are going to win big. And again that is walmart, target costco tj maxx home depot, amazon plenty of winners plenty of consumption out there just going to change. Cheryl quick before i let you go what are he retailers you think filing for bankruptcy we have seen jcpenney neimanmarcus who else. I dont want to pick them i get nasty letters from old friends i think on the cusp mall based Apparel Stores feels like just inevitable that is going to happen. Youve seen, a number of Apparel Companies warern Taylor Brands i think a huge swath of famous names in the Apparel World just have to go under gifshg we have said it is supply and demand. We didnt get to american malls dying breed breaking news i wish i could stay with you, great to see you, sir as also a thank you very much we would have breaking news to get in american airliners expecting Second Quarter revenue down 90 from same period in 2019 pretty rough forecast airline saying, its Cost Reduction actions amid pandemic have removed more than 13 1 2 pln from operating budget stock higher a brewered market gain happening right now, as you can see american up he more than 12 well be right back. You say that customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Focus Mortgage Rates plunge to go record low, issue falling below 3 yesterday, below 3 . Fueled by fears he over second coronavirus. This is incredible. It is incredible but not really surprising, given that Federal Reserve chairman wednesday said that zero Interest Rates were essentially new normal may be next two years i think supply of had not fallen more particularly on backs of bad coronavirus news we saw last month that Housing Market was one of the first markets to start to emerge after coronavirus lockdowns but certainly good news for home buyers certainly good nice for economy, a bright spot as they rehe open recovery remains uncertain. Smart Real Estate Investor is buying right now . Absolutely, should be buying in suburbs this low base for deurbanization if you rep out of 9 11 anywhere in new jersey had a train line in city saw huge boom in values i think you are going to see that i think a as you bureau about an rivalry coming. Last word true you are seeing we are seeing in new york people are running out of new york city. You know i am going to be the pooper it should be leading to boom in housing that could be a driver of this economy were not seeing a lot of actual credit being created banks are so stretched, were not seeing kind of refinancing, it would be great actually if our banks were in have a better position to lend really cheap rates out. You had to bring me down Jon Hilsenrath, okay. I still like you a lot more coming up folks, futures off the highs of the morning, but we are still looking at a triple digit gain open we have green arrows standing by for import export prices in about three minutes. Well be right back. Yyeah yeah hey, hey so as you head back out on the road, well be doing what we do best. Providing some calm in your day. With virtual, realtime tours of our vehicles as well as remote purchasing. For a little help, on and off the road. Now when you buy or lease a new lincoln, well make up to 3 payments on your behalf. Now every bath fitter bathbath fis installed quickly, now when you buy or lease a new lincoln, 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. Just for healthcare workers fighting covid19. Learn more at massmutual. Com healthbridge. Cheryl welcome back, i am Cheryl Casone in for Maria Bartiromo. This morning, it is friday, june 12 top stories 8 30 a. M. Eastern futures rallying, we are looking to gain back, some of yesterdays heavy losses, the dow come back a little bit, but still up 465 in premarket, nasdaq up 117 s p up 49 and one half, this is after concerns over spikes in coronavirus cases, what it could mean to the recover, fueled major selloff yesterday rough numbers to see we havent had a day like this since march dow up 1861 s p lost 188 in europe o green across the board gdp there plummeted record 20. 4 for april asia across the board following wall street steep selloff kospi biggest ever loser there, doordash about to close on round of funding the wall street journal says Company Expected to be valued 15 billion dollars even before the infusion sources say radar dash plans to sell hundreds of millions of equity civilian investments doordash largest u. S. Meal Delivery Company filed to go public in february looking to trade this year. Michelle headed to prison for the paying bribes in College Admission scandal a judge denied her request to serve at home over coronavirus fears it will allow her to postpone start of sentence until end of august, sentenced to five months in prison in february admiting paying 00,000 dollars to get her daughter into the university of southern california. As a Beach Volleyball recruit. Trending on foxbusiness. Com, Lady Antebellum changed to lady a, the band dropped antebellum due to associations with slavery, are twitter purchased more than 32,000 fake accounts with ties to china russia tissuingy said they vie ladies manipulation. And requiring paurnls to take he healthy assessments before bordering. What white house plans to do regarding Police Reform in dallas yesterday. Working to finalize executive order nourm the Police Departments stationwide meet most current professional standards for use of force, including tactics for de deescalation deduct funding we are going to have Stronger Police are forces because that is what you need. The new voice ceo president ial candidate herman cain, good morning. Good morning. What did you make of the president s comments. I thought they were right on they are driven by common sense. All of this mayhem about Police Brutality simply suggests to Police Forces go back review training review standards certain things that should not be allowed, lets make sure all officers know that that is basically what the president was saying. And one of the other points he raised yesterday was concerning Economic Development. The good news is, we already have a tactic available called opportunity zone, i have seen it working in atlanta, opportunity zones, are a vehicle to draw capital into some distressed communities it is unfortunate people tearing stuff up destroyed a lot of those black businesses where money was going in that is the unfortunate thing, but what i heard from a lot of businesspeople, they are going to reopen, restart, and rebuild. So i happen to think the president was right on, in encouraging these kinds of initiatives in order to try and level the Playing Field a little bit more. Cheryl umhmm he protests peaceful ones across country message heard loud and clear certainly i am curious what you thought about criticism President Trump faced in dallas concluded three top Law Enforcement officials African American in that city there was pictureback especially in texas about that decision what did you make of that. First, you have in this mob i am talking about seattle i am talking minneapolis a lot of these other places it is a mob. You have peaceful protesters, and you have anarchists you have looters just desperate finally in order to try to steal stuff. The fact that the president did not include someone is not a big signal for me i dont know the reasons why maybe they did not want to attend. I have seen pushback from president sometimes when he wanted to insight somebody they did not want to i go simply think it is a good thing he was listening to his Law Enforcement people, and he has now highlighted them with these are some things that came out of the meeting that you should be working on. President doesnt have that Legal Authority necessarily, to impact these other than opportunity zones already available through the tax code. But he can encourage them that is leadership. Encouraging people to do the right thing. To your point a great point really up to states, and really cities how he they police themselves, a great term glad you said that i want to shift to economy right now. Because, treasury secretary mnuchin said that claiming claiming another lockdown going to cause too much economic damage warned about that, weve heard houston actually in texas as well, is talk of a schutdown because of surge in cases, do you feel the same way mnuchin does there is no way that we can survive another economic lockdown in this country. Absolutely. And when you go back and look at the guidance that was given by world health organization, weve got being mixed messages mixed signals we have Unanswered Questions i would agree with secretary mnuchin no. We cannot afford economically here is what is happening in some places a total shutdown poverty rate is going up what are people going to do if they dont have jobs to go to, to earn a living in order to take care of their families . That is the main reason. You have some liberals trying to paint narrative that president , mnuchin and administration, are more interested in economics than safety. No they are not. They can do both, and you have a lot of governors that are demonstrating that you can being both reopen gradually, businesspeople are taking it seriously opening very carefully and then youve got the fact that some of these governors know that weve got to do more and they are also being safe. So all of these scare tactics they wont work this time around they will not work, so i do agree, with secretary mnuchin and the administration on trying to do both. Interesting, yeah, i i mean never faced anything like this in our country i want to bring in my colleague Mattie Duppler a question for you hi herman i want to stay on mnuchin comments he talked about Federal Reserve 345i7b street Lending Facility as way to get some businesses online you of course served on kansas city Federal Reserve board what had do you make of those comments extraordinary moment now with Federal Reserve offering credit liquidity to try to get the economy back open do you think it is working . I think it is working going to same some businesses time to you work through paperwork with banks to get loans i think it is working. Secondly the thie i know about Federal Reserve especially under this chairman, if inflation starts to rare its ugly head they will move in a heartbeat but the fact they have extremely low rates will help to to encourage people, to make the necessary loans so they can rebuild yes, do i agree with his comments. Hymnan cain great to have you on the program we appreciate your time this friday sir, good to see you thank you he cheryl good to see you all. Herman cain a lot more coming up, nascar driver Bubba Wallace to talk about changes his support is seeing right now, plus, about keeping it cool mom style youtube creator makes a living giving advice and coming up with projects for the whole family. Next week on mornings with maria, monday, he says the coronavirus economic recovery is already in full effect, former cke restaurant ceo with the evidence. Tuesday democracy depends on Law Enforcement according to former he obama adviser jar aret will join me live. Wednesday President Trump Takes Campaign on road former press secretary Sarah Sanders is here thursday health care in focus are former Cleveland Clinic ceo weighs in on next jobs in america. On friday with markets continuing to show show resiliency we are following the money, all right here on mornings with maria. For as little as 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies for 50 instead of paying thousands. All Commission Free online. Schwab stock slices an easy way to start investing or to give the gift of stock ownership. Schwab. Own your tomorrow. Schwab. vo at whether on the track,that exhor the everyday drive. Ty, today, that philosophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. Confession i was editing on learning activities this is happening in the next room. Makeup. Make tutorial using was my makeup. Cheryl did a good job, day in the life of mom in quadrant broadcast to millions on youtube about what is up moms a goto for quick fixes kids activities recesss recipes page more than three million are subscribers two billion lifetime views, good morning. Good morning to you thank you so much for having me. Good for you, i mean look i am not a parent but a lot of my friends are they are always looking for like inspiration youve got three kids how do you start a channel like this turning into huge business you already got three kids to take care of. Luckily started it when i had one otherwise not sure it would have been possible, you know similar to what you are saying i was looking for how to with a baby shocked about that six years ago youtube there wasnt a lot of contact, so started creating that content that we wanted to see now at least we have a business running, because three kids especially during quarantine pretty nice. Cheryl you said we is your husband he helping out because one of the things i was impressed with on Youtube Channel went through it last night the editing production value it is really good. Thank you. I am luck that i had a production background in 20s, did quite a bit of editing, but to answer your question no my husband is very supportive but works in finance has nothing to do with the creative part except for watching videos, being supportive. Maybe he will take you public some day i want to bring in i am have to not a mom up want to bring in Mattie Duppler new mom. That is right tenmonthold at home you trying to do a video edit take care of kids at the same time close to me i have been in same boat trying to pull videos on instagram you saw video when you had one kid obviously, we were in different times how has quarantine changed the business are you seeing a different video get more traffic, what are you doing for content during unusual times. Definitely seeing a lot of news on Library Parents looking for more activities more things to do with kids at home also looking for comedy, kind of that consensus that we are all in this together we need help to get through it indefinitely kind of experiencing almost interesting time. Your videos are short of i commend you as a tv person for keeping provides short because everybody has the Attention Span of a dpi. Nat kudos to you, about somebody wants to be an influencer what would you say. You have to love what you do be super authentic viewers will see through it Big Companies that are trying to launch channels you have to love it let that shine through dont expect to have money right away it is definitely when i look back at when we started i am like how did we keep going you just if you love it, you keep going, eventually, you know things will work out for you. I love the fact you are holding he coffee cup i have a feelin you drink a lot of coffee. Especially at 5 30 in the morning pacific time yes. Good morning show congratulations, a good story thank you very much we look for more stuff on youtube we appreciate it. Thank you, bye. Weve got more coming up guess this nascar great baby wallace going to join me next to talk about new changes in his support, dont miss this interview. Stay with us. Keep on turning rolling, rolling, rolling. Cheryl Bubba Wallace nascar style only African American driver highest level advocating for to social change banning Confederate Flag at races you wants to speak up for people made uncomfortable by that flag bubba good morning. Good morning. How are you. Good want to talk to you first lets talk about the flag, because nascar in the past they didnt really like the flag out there now banning it, you say that is something needed to be done a long time ago. Yeah, for sure, i think you know, tried to implement that, few years ago, and kind of get to this fore, biding my way but now has gone, the conversation started, people see the flag makes them feel certain type way just like several just get it away from supporting events, i just read an article, of a friend of mine marty, said, ban or upset, by move, issue will open toward i thought very powerful so that is exactly correct. Cheryl you have been very vocal a strong voice for nascar are you getting a lot of support from other drivers . Have. Yeah, yeah for sure, i have seen a couple article where drivers are speaking up, being vocal using platforms that is great the more awareness to the sport change the sport the world as well, our fellow competitors colleagues, for stepping up, and being the ambassador they are. Cheryl good to hear i know it is a Family Affair nascar in general i want to talk about this week, there is going to be fans in the stands which is i mean i think this is huge are you excited going to be military members i know, but i mean are you ready . Yeah, going to be a change for us, somewhat back to normal which is funny quarantine everything, so going to be, about starts, still take precautionary measures for covid19 make sure we get everybody in safely enjoy the cafe as well we are excited, homestead is probably, one of every drivers favorite traction for sure, so it will be a blast, nascar for getting the ball rolling getting fans back in, for this. Especially exciting for us quick before i let you go there is a lot o two races a week what is that like . My back sore getting used to it pretty quickly all we know is racing when i was a kid racing five times throughout the week so nothing new but for nascar, i think future changes for sure to our schedule to bring. Bubba nascar loved the way as far as getting sport back up and running inning great to see something live supporting event, great to watch you thank you so much for being here this morning Bubba Wallace thank you, sir. Absolutely thank you have a good morning. Good luck take advil for your back tune into nascar 400 race 3 30 pm eastern time on fox. More mornings with maria coming right after the break. Facing leaks takes strength. So heres to the strong, who trust in our performance and comfortable, longlasting protection. Because your strength is supported by ours. Depend. The only thing stronger than us, is you. Cheryl hello, sunny froiday morning in new york city. Futures pointing to a rally at the start of trading, trying to recoup some of yesterdays losses. The dow is up 526 right now. Jon, final thoughts . I think we can all hope and pray as a nation we dont get a comeback from coronavirus and if we dont, the market will be just fine. The economy will just come back. If we do, then its going to be a tough summer. Cheryl do you think we will get do you think mnuchins comments about stimulus are going to happen, extra money to americans . I think theres a very important debate that has to happen in washington about how to handle state and local government budgets. They could hold back a recovery, red states and blue states, because they are experiencing an awful lot of fiscal pain right now. Cheryl thats true. Maddie, jump into this. Yesterday was the worst day we have seen since march, march 23rd when the market bottomed out but i had some people say to me how can the market be so ahead of the curve and jumping up when youve still got, whether it was riots or protests or coronavirus. Your answer to that . Well, on friday, when we saw that really positive jobs number, that surprise to the upside, everyone said the market got it right, they were ahead of the curve because they knew what was coming. I think the markets a reflection of the fact we are in a volatile time and theres going to be a very long road until we can get back to a time of certainty. Jons right, we need to be paying attention to the fact we are still in the middle of a Public Health crisis. We need to take care of ourselves, take care of our communities and that in turn will allow the economy to recover. Cheryl yesterday was a rough day to see. Luckily we have green arrows today. Its not how we open, its how we close. Fun show, you guys. Thank you so much. That is it for me. Over to stuart varney. Sir, take it away. Stuart i will take it. Good morning, by the way. Good morning, everyone. Lets get right at it. As of now, we are looking at a modest bounce for stocks after thursdays massive 1800 point selloff. Run through this quickly. The dow looks like its going to have a 560 point gain. Pretty good, up about 60 on the s p, very solid, and the nasdaq up 143. Okay. Not quite making up yesterdays losses but up. Look at big tech. We are running up towards the opening bell. These are premarket quotes. This is how we are going to open. We are seeing stocks come back strong, these stocks are coming back strong. So again, the money doesnt