Which is indeed making a comeback. The latest numbers show a sharp increase in new cases, running to about 40,000 a day. The virus task force reconvenes today for the first time in two months. Some states are pausing their reopening program. That is a warning to the nations economy and the rebound. The wall street journal, this is an important warning for the president. The powerful Editorial Board bluntly said hes heading for defeat. Thats a warning for wall street, too, because a biden win would be a real challenge for stocks. So where are we this morning . Warnings duly noted. Ive got some red arrows there. The dow is down about 180. The s p down about 10. The nasdaq down about 15. Red arrows for three indicators. All right. Im going to call this a positive. Remember the mob that threatened to take down the lincoln emancipation memorial . They were supposed to attack it at 7 00 eastern last night . Well, it rained. The limited number of people who showed up retreated to shelter. The lincoln emancipation memorial still stands. Varney company is about to begin. Stuart im searching for positives rather desperately. I found one, i think. Big tech stocks, all of them are positive for the week. Except facefacebook. Thats a special case. The rest of them may be down a fraction today but for the week, they are star performers. Ive got a real winner right now. Look at the gap. Soaring. Kanye west partnering with the gap for a tenyear deal to sell his clothing line in their stores. It starts next year. The gap is up 15 on that. How about the big banks . All of them on the downside. The Federal Reserve has capped their dividends and suspended stock buybacks. Every single one of them in the red this morning. We keep looking for positives. Heres one. A market watcher who is still expecting stocks to hit new highs. Despite it all, brian bellski is bullish. You love that alliteration, i know you do. Lets deal with this negative first of all. Shouldnt the market be worried about a possible joe biden win . Thats a negative, isnt it . Good morning. Yes and no, i would say. First off, its already kind of built into the consensus opinion and is very very consistent. By the way, by the time it ends up in the wall street journal and newspaper, you know everybody is thinking that. So our predominant questions with respect to our clients are how do we position. You clearly think about the first sector you have to worry about are financials. You covered that already this morning with respect to what the fed is doing in terms of capping buybacks and dividends so no buybacks until september but they didnt say stop paying dividends. They said you cant grow the dividend. Need to take a look at financials in particular. They are still paying dividends. Financials have been down and out for 11 years now, almost 12 years, so thats an area that i think is already fully priced in some negativity and yeah, we are going to have increased regulations and further scrutiny on financials but again, thats a sector thats already down, stu. If you think about the platforms with respect to democrat and republican, democratic platforms are still more positively skewed toward technology and Technology Companies are up. So i think a lot of this is already kind of built into the market and i think people are way, way, way getting aled head their skis. Stuart give me 20 seconds. You still think the stocks will lit new highs this year, correct . Absolutely, because the wave is there, in terms of positivity. We think the market is going to hit new highs by the end of the year. Stuart stay there. I will bring you back in a second. Let me deal with a couple other things. First of all, nike. It is a dow stock. It will be a drag on the dow today. Sales down during the pandemic. Lauren, tell me how bad was it . Lauren well, it was a surprise loss for nike of 790 million because its stores were closed and shipping sneakers and then returning them is pretty expensive. 75 rise in online sales could not counter the cost of all that. The quarter for nike actually covered the period ending may 31st so pretty recent numbers. Now 90 of its stores are back open but i want to leave you with a positive. I know you are looking for them. In china where the nike brands, the name holds a lot of value, sales there have recovered. They are now higher than they were last year. Still, dow component, stock down 3. 5 . Stuart got it. Thanks very much, lauren. Lets get to the virus numbers. America saw its biggest single day spike yesterday with nearly 40,000 new cases. Ashley, why dont you go through florida and texas . They are still being hard hit, i think. Ashley they certainly are. As we measure that on a 24hour basis, we are continuing to see a large number of new cases. Texas, for instance, new cases there surging nearly 6,000 just in the last 24 hours, 5,996. Total cases, 131,000, 47 deaths in the last 24 hours. Governor greg abbott yesterday putting the reopening plans on pause. He said hes not going to close existing businesses, he says the state will not go backwards, but he will put a pause in effect so that they can corral, as he put it, the spread of the virus. Now, in florida, we have seen 5,004 new cases in just the last 24 hours. That brings the total to 111,724. 46 deaths also. By the way, of the 111,000 cases, 30 of those have been recorded in just the last ten days. So no doubt we are seeing a rise of those cases, especially in florida. Stuart got that. Thanks, ashley. Lets get back to brian belski. We are talking negatives here. Youre not concerned about a second wave which seems to have hit texas and florida. Well, a lot of people are talking the second wave as you say is happening right now. I think to extrapolate that throughout the country, i think is a mistake, especially if you kind of dig a little deeper into the numbers that are lappihappe in texas and florida. Its county by county, not statewide. Thats number one. I think the Texas Governor is doing a great job in terms of communicating and stopping the advance with respect to businesses but not shutting things down. I think thats the right messaging in terms of building confidence. We need to rebuild confidence in our country with respect to the virus. I think at the end of the day, come fall will be the truer test to see how were doing. The president has been very clear we will get a vaccine. Im glad we will have our briefings again because people want more information. But remember, too, the more we test, the more cases so again, some of this is common sense. Stuart fair point. Brian belski remains bullish. I think you balanced it out for us this morning. Thank you very much indeed. See you soon. Thanks. Thank you. Stuart all right. News on facebook, about facebook. Verizon pulling ads. Susan, tell me more. Susan largest advertiser yet to join the Coalition Call by these nonprofits to stop advertising on facebook and instagram. Verizon joining the likes of ben jerry, northface, also an Advertising Firm yesterday that represents the likes of bmw. They are all joining this hash tag stop hate for profit, which is a movement being backed by groups like the naacp and antidefamation league. They are calling on brands to stop advertising on facebook because it allows hate speech and also calls for violence. Getting in touch with verizon, they tell us here at fox business that we are pausing our advertising until facebook can create an acceptable solution, they say, that makes us comfortable. Facebook themselves have not gotten back to our requests but according to one marketing researcher, verizon spent around 1. 5 million on facebook from may to june and around half a million on instagram during that same period. Stuart well, facebook is the one big tech stock that is not doing very well this week. Tell me how facebook is responding to the latest advertising boycott. Susan according to reports, facebook executives have been trying to minimize boycotts or emails and calls with large advertisers and ad agencies over the past week, according to the wall street journal. What they have been telling advertisers is that they take hate speech and misinformation seriously but they are also maintaining that business interests and business interest will not dictate their policies. Zuckerberg himself reiterating the companys principles of neutrality on the platform and said political content can be seen as egregious by one side, maybe not by the other so we are not the arbiter of truth. We have seen the type of activist boycott that remember back in 2017, advertisers started pulling ads off youtube. That didnt really hurt the bottom line at alphabet or youtube. What it did do was accelerate youtubes policing of offensive, harmful content. Maybe that will happen this time around on facebook as well. Stuart facebook down a couple bucks at 233. Thank you. Look at the Airline Stocks this morning, please. They are mostly higher, except united. The ceos, the big carriers, they will be at the white house this afternoon. Blake burman is with us. Blake, is a second bailout on the table . I know thats what the unions want. Reporter well, the unions do want it but im told what the discussions at the white house with the Vice President this afternoon are going to be about, safety measures, especially with the need to reopen and all the reopening we are seeing across the country going forward. Heres the executive that will be in the room with the Vice President , so i am told. The heads of united, american, delta, southwest and jetblue. Im told, stu, the conversation more will be along the lines of things like temperature checks and face masks as there is this reopening all across the country. Also, the issue of Contact Tracing likely to come up in those discussions as well. Remember, the airlines have some issues, private companies handing over data to the federal government on their passengers should there be the need for Contact Tracing because of something that happened on that flight if theres a case on the flight. So all of those issues, i am told, really, thats what these conversations are going to center on. 2 00 hour this afternoon at the white house. Stuart i would love to be a fly on the wall listening to that. This is a complicated and difficult subject. Im not going to be a fly on the wall. Thats it. Thanks very much indeed. We still have red ink if we look at the futures. We will open the market in a few minutes and will be down across the board. Not a serious selloff, though. Ford has redesigned the f150 pickup truck. First big change in six years. The f150 is americas bestselling vehicle so whats new . I will tell you. An onboard generator plus a lot more work space. We will show you. One of disneys most iconic rides is getting a makeover. The big changes coming to splash mountain. Thanks to the cancel culture. President trump going after democratrun cities. Watch this. Take a look at detroit. Take a look at whats happening in oakland. Take a look at whats happening in baltimore. Its like living in hell. Stuart strong words from the president. So why the silence from the democrats . Theres a story for you. We are on it. Back in a moment. We could never do what they do. But what we can do it be a partner that never quits. Verizon is the most Reliable Network in america. Built for interoperability and puts First Responders first, giving their calls priority, 24 7. We do what we do best so they can too. Theyre going to do something with seattle. Were going to do that. Were going to go in there because whats happening, theyre taking over american cities, by the way, in all cases its democrats. Theyre democrat run in all cases and joe biden would have that be the whole country. Stuart there you have it. The president on hannity last night sounding off against the democrat run cities, letting protesters run wild on the streets. Lawrence jones is with us, fox news analyst. Lawrence, the silence coming from the left here, why dont big city mayors and other democrat leaders, why dont they Say Something about this lawlessness . Are they scared . Well, then they would have to talk about the environment that they created. I mean, you know, stu, i spent the entire year last year going to seattle, philly, baltimore, chicago. I reported on this for the channel every single week, all these different, and the hopelessness and the crime and the poor education system. And so they have to deal with it and theyre not willing to deal with it. But then the question becomes, if these are all democrat ran cities and its such a terrible place to live when it comes to, you know, the economics there and the crime, why arent republicans presenting an alternative to beat them . It would seem that it would be pretty easy to defeat such reckless policies. Stuart i think the president has done that. Youve got opportunity zones, we have heard a lot about that, but the message doesnt get out because the media doesnt want that message to get out. Go ahead. Go ahead. The problem is, stu, the president can only do things on a federal level. Thats government 101. He can only do so much when it comes to federal. The republicans have to do something when it comes to the local level. The fact of the matter is that all of these cities are run by democrats. That means that republicans arent in leadership there. So they have to take back these cities. It wasnt always democratrun cities. If we are to present an alternative to what theyre doing, i think that the American People would go for that in these cities. You just cant say the president s federal policy because in many cases, that doesnt affect people on the local level. Stuart understood. Lawrence, im going to put the latest fox news polling up on the screen as we go through this. It shows mr. Trump is struggling with black voters in some battleground states like North Carolina. Biden is looking at 83 of the black vote there. In georgia, same story, biden looks at 83 of the black vote. Trump gets 7 . Your home state, texas, biden gets 85 compared to mr. Trump at 6 . Now, this is not just black voters. The president is underwater with women, millenials, independents, the black vote. Hes really underwater here. Lawrence, give him some advice. How does he get how does he get beyond that . How does he turn it around . Well, from everyone, from the standpoint of everyone, the president has to get back on what matters to average day people. Thats the economy, the issues that impact i saw the president talk about school choice. From a national standpoint, he has to get back to the issues. Joe biden is sitting in his basement right now so hes not having much interaction so theres not any fire coming his way. When it comes to black issues, the president is going to have to not only talk about the issues but theres a Race Relations problem in this country right now. Theres a disconnect in understanding when it comes to the community and the police and they didnt just start here with trump but it has been brought to the forefront right now. So it can just be from a policy standpoint, i know the president has worked on criminal justice reform, i know theres talk about policing reform, but there has to be a tone shift. I think theres a disconnect right there and the president s going to have to close that gap. Stuart a tone shift. I can see that. All right. Actually, thats pretty much what the wall street journal Editorial Board said this morning. I like those guys, stu. Stuart so do i. All right, all good stuff. Im sure we will see you again. Have a great weekend. See you soon. Thanks, brother. Stuart you got it. I want to get to this story bigtime. Straight from teslas elon musk. Listen to this. Hes thinking about taking the cybertruck under water. Whats this, susan . Susan kind of like the james bond movie in 1997, that underwater lotus that was a car that worked underwater. We know musk is a future thinker and hes tweeting his approval of a tesla fan video showing an underwater cybertruck. Musk saying i think we can make that work. You have to i guess take his promises with a grain of salt because he promised the tesla roadster would come with a cold air thruster. That didnt happen. Then he also promised a flatulence app and flame thrower which both of those he actually delivered on. But this is not the first time musk has promised that cars could go and work underwater. Remember a few years ago that musk said the model s could also work underwater. The experts say not really, though the battery pack is sealed and is waterproof. The model s could theoretically float for a few minutes but you never want to bet against elon musk. Stuart all ive got to say is thank heavens for elon musk and his tweets because thats terrific material on a friday morning when theres so Much Negative stuff out there. Good video, too. Susan that was your favorite james bond movie, the sfpy who loved me . Stuart that was 1977, i think. I remember the good old days of the early 60s when sean connery was james bond. It was dr. No back then. Susan did you ever own a lotus car . Stuart no. Never had one of them. Not yet, anyway. All right. Heres what ive got for you coming up. I have been waiting for this. We will take you inside fords f150 pickup, the new version. Its a hybrid, first time. We had that marketing guy on earlier this week talking about lie flat seating. We will show it to you next. By the way, we are looking at red arrows for the market which opens in six and a half minutes. I promise we will take you to wall street shortly. Got it. This truck is going to set a new bar in terms of capability, torque, payload, towing that our truck customers need. We will have a hybrid version that gets great fuel economy and have an onboard generator that can actually power a whole work site or your home for a short period of time. Stuart i like the sound of that. The new f150 has got a generator on board. Lets see it. Gary gastelu is with us. Hes a car guy. I think you are sitting in one now. Heres what i want to know about. I am in a car because i dont do the bookshelf thing. Stuart okay. Number one, i want to know about the generator and about this lie flat seating. Tell us, please. Yeah. The generator comes standard with the hybrid, firsttime hybrid for the ford f150. Its a value add if you go with that power train. Its completely integrated into the vehicle, doesnt take up any cabin or cargo space. According to ford, the 2400 watt version can run up to three and a half days on a tank of gas. This can power a campsite, work site, if you have electric motorcycles or something in the back, you can actually charge them while driving the vehicle wherever you go. This is a breakthrough feature. No one else has ever done anything like this before. Really could help move the hybrids but it