Investment savings again as tensions continue to rise. Selling underway this morning. Dow futures down 50 points duh the nasdaq is up 4 and a quarter. S p 500 right now down 3. Growing concerns over coronavirus spikes and what it could mean for the recovery fueling a selloff yesterday. Nasdaq and s p 500 snapping 5day winning streak with declines in double digit. Facebook not getting a like. Walmart says retailer reportedly to offer freeday delivery and customers willing to pay a 100 a year. Defund police, this as crime is rising across america. We have you covered coming up at 7 30 a. M. I will speak with new york city mayor Rudy Giuliani, dont miss that. Secretary of Homeland Security chad wolf will join me. Secretary is live at 8 30. Mornings with maria is live right now. Global markets this morning are mixed. Take a look at european indices across the board. Dax lower by 86. Uk finance minister announced that the latest Recovery Plan lathe today later today is expected to open pubs. The hang seng also higher by twothirds of 1 . Now some of the top stories that we are watching this morning. The u. S. Has crossed a grim new milestone in the coronavirus pandemic with nearly 3 million confirmed cases now. One bright spot the death toll is steadily dropping. Infections on the rise in 40 states, though, as texas, arizona, california, all report record hospitalizations. The Lone Star State hitting a new single day record with more than 10,000 new coronavirus cases yesterday alone. This as governors of new york, new jersey and connecticut add delaware, kansas and oklahoma to its mandatory quarantine list. President trump has officially pulled the United States out of the World Health Organization. The administration sending a withdrawal notice to un secretary general and leaders yesterday. President trump called the organization a puppet of china slamming it for its response to the coronavirus pandemic. The move goes into effect next july. President trump is pushing for schools to reopen across the country calling for local officials to bring students and teachers back to class this fall. We dont want people to make political statements who do it for political reasons. I think its they think its going to be politically good for them, no way. Its very important for our countries. Maria the white house is arguing that even with coronavirus cases rising across much of the country, the death rates are lower and keeping children at home is harmful to students and their parents. It is ultimately up to local officials on whether inperson classes should begin in the fall semester. Shares of facebook soar to go alltime high yesterday morning despite boycott of advertisers to remove hate speech. 247 before closing back 247. Virtual meeting with civil rights leaders, afterwards the head of ncaaap said facebook lacks cultural sensitivity. Facebook says it is working to stop the hate speech. Amazon will soon face prime competition, walmart to set to launch new Subscription Service later this month. Apartment plus will cost 98 a year, include perks like sameday delivery, discounts on gasoline and early access to product deals. Retail giant hopes service will become alternative to amazon prime. Walmart shares up half a percent. Markets this morning are mixed, stocks finishing lower yesterday but this morning weve got momentum for the nasdaq once again although dow futures down 10 points after 5 days of gains investors cautious as the covid19 cases surge across the country. Meanwhile Federal Reserve considering this with senior fed official randy saying the coronavirus pandemic is not behind us, fed Richard Clarita saying theres more the federal bank can do. Dagen mcdowell, michael lee strategist, michael lee, former republican president ial candidate steve forbes. Great to see everybody this morning, thank you so much for being here. Tom, let me get your thoughts on what we heard from the fed yesterday and then, of course, all of the news of spike in coronavirus cases, what are you seeing from the money end of it, how are the investment flows . Absolutely, its two worlds absolutely, maria, we have one of the decisions where tough Economic News surely earnings concerns, however investors remain confident, we have seen 225 billion in new money going to etfs this year which is great prompter for Consumer Confidence and Investor Confidence and you point out a very important thing. The money has been going into a certain sector of the market, work from home stocks, traditional fang stocks, microsoft and you look at the nasdaq which makes up 8 of the nasdaq 100 stocks. We as a country are doing the best in this environment and actually thriving and many of the Tech Companies are moving up their growth plans because of this environment. Theres some other etfs like arkk and Cloud Computing by global x, which has Companies Like zoom, spotify, all companies that we are hearing hit new highs as this market and internet market and work from home market continues to expand. Maria yeah, of course, we are moving into the earning season, michael lee jump in here, we will get banks next week, secondquarter season will that start to dictate when Second Quarter begins . Tom, my question for you what has been the most surprising flow into etfs which is earning sector either in equities or fixed incomes that really shocked you . Tom well, the great thing, michael as you know the fed has stepped up and bought etfs in corporate and high yield side, areas of fallen angels where they supported highyield stocks in the forms of etfs to really provide backstop and then back to Technology Side its just amazing the amount of money thats flowing into the qqq, nasdaq etf, the s p 500, almost 20 has made up the fang stocks and if the fang stocks werent there we wouldnt see the rebound that we are seeing. Its down 10 overall so we have bifurcation in stocks across the u. S. Maria thats a good point, tom. Let me ask you about the backdrop. Did you hear anything about all of the fed speakers that we heard from yesterday about where we are in this economic recovery and when you expect normalization. I seep saying that larry kudlow told us 2 weeks ago that the Third Quarter we will see growth of 20 . Thats that is a real difference from what we are seeing in the Second Quarter which is, of course, contraction, when do you expect growth once again in this economy . Its really unclear because most companies arent giving us the transparency that weve expected in the past, maria, and you know that, one thing we can be confident of, though, if the fed and the government need to step in again, theyve kept some powder dry and we can expect that to happen. We can see that confidence in wall street. Maria interesting when you keep talking about 10 trillion in stimulus between the government and Federal Reserve. Steve forbes, jump here in. Steve tom, im wondering would the tech part of the market be hit by the prospect, when would it be hit by the prospect if the democrats take the senate, im surprised they havent taken that into consideration with higher taxes, all the things that bring about slow growth. Why isnt the market reacted more to that possibility when you look at the polls . Tom steve, its a great point. I think the only saving grace here is these Technology Companies enabled america to actually thrive in many cases during these challenging times. You think about the Financial Adviser industry, 350,000 Financial Advisers around the country forced to work from home, run their businesses, deal with their clients, hand holding going while kids are running around and because of technology and companies that we talked about they are able to operate where maybe 10 years ago that wouldnt happen. A lot of concern as we get closer to november if it looks like the democrats are strong. Maria all right, we will be watching certainly, tom, good to have you this morning, thank you so much. Tom lydon. Coming up this hour meet crypto currency entrepreneur and former child actor now running for president. We will get his 2020 platform coming up and next hour former new york city mayor Rudy Giuliani here to talk about recent spikes in crime about the country. What can be done about it . Lee zeldon joining me about the fbis pushback on chinese cybercrimes, we heard from the director of the fbi yesterday and this morning acting department of Homeland Security, secretary chad wolf talking about inyeahing violence and combating china all coming up right here much more ahead. But first up dr. Mike is here to talk about toxic Hand Sanitizers and how your blood type could affect your coronavirus risk. Dont miss that. Show on the water, plan for floating Movie Theater. Youre watching mornings with maria live on fox business. vo touch and go. Handwriting recognition and the audi a4. Moms lits made for all of insuraus who worry aboute. Our families and have kids to protect. For a dollar a day you can be covered for up to half a million. Getting that peace of mind is easy. Visit jennylife. Com to get a Life Insurance policy today. Maria welcome back, fbi alert director Christopher Wray warning that chinese efforts to steal american information are growing at a shocking rate calling them one of the largest transfers of wealth in Human History, watch. Weve now reached the point where the fbi is opening a new chinarelated counterintelligence case about every 10 hours. Of the nearly 5,000 active fbi counterintelligence cases currently underway across the country, almost half are all related to china. Maria wray added that if you are an american adult, china has likely already stolen your personal data. Joining me right now American Enterprise institute researching fellow zach cooper, zach, great to have you this morning, thank you so much for being here. Another really important speech yesterday from the fbi director Christopher Wray. This follows a similar speech recently from Robert Obrian and youre going to get another speech from the secretary of state and the attorney general within the next 2 weeks, we see the threat, our audience understands the threat. We have been talking about this for over a year in terms of what china and the communist party has been doing. What is the u. S. Going to do about it . Thats a great question. What we saw in 2015 the chinese promised they were going to stop the behavior and as you saw yesterday from director wray it hasnt stopped if anything he would argue that it has accelerated. I think the administration will come under increasing pressure to put this at the top of the agenda and thats going to put more pressure on the trade deal. There were provisions in the trade deal to try and address this but if the behavior is continuing itll be difficult for the president to continue forward with that deal. Maria so one of the things here is that china is trying to leap ahead of the United States in Significant Technology advancements like ai, quantum computing, et cetera, but theyre not ding it in terms of working with the United States or trying to educate its people about this, they are just stealing it. This is the first time we have seen major government have an official strategy, espionage and theft but thats exactly what the Chinese Communist party is doing. Thats right, and i think to stop it we are going to have to really put the relationship on the line and i think thats what the Obama Administration tried to do in 2015, but werent willing to actually pull the trigger and put penalties and now thats the task up to the Trump Administration. Theyve taken real action recently, they have put in places director wray outlined whole investigation that has gone after many, many people who have been involved in this behavior back in china, many of them are associated with Stateowned Enterprises with the federal government directly, even with the People Liberation army and cyber hacking and i think thats not going to be enough. This would be a bigger issue particularly as people think about the scope of this behavior as director ray has said and others, this is the largest theft of anything in Human History, Something Like 250 billion in intellectual property theft, a year from china. Maria yeah, and what theyre doing is they are using our intellectual property that they stole and then they are using it to actually compete against the very companies that theyve stolen the intellectual property for. A couple of months ago i mentioned that they are stealing data about medical advancements and they are filing patent with that information that they stole to beat the very companies that they stole it from to get a patent. Its actually incredible. What about the thousand talents programs because this is one of the issues where china has exploited, the thousand talents program, the chinese federal government tryies to entice scientists to bring science and innovation back to china, how do you do it, do you do away with the thousand talents programs or Sportsman Program . Things like thousand talents where i think there are serious questions to be asked. Director wray outlined a whole series of individuals who were part of the thousand talents program. They were incentivized to bring information back to china, to bring knowledge and know how to china and in some cases do it covertly and one case as jot lined yesterday individual got 50,000 a month covertly to bring information and to do the same thing that he was being paid by the u. S. Government to do here in the United States. That kind of behavior absolutely has to stop. Maria right. I think we have to differentiate that from the positive work which is, you know, sometimes the students being here and studying and bringing money into our university system. Maria right, and thats the trick, how do you differentiate who is working for the ccp and who isnt. I dont think you actually can. What about the issue that the white house officials warning federallyadministrative Retirement Plan for Railroad Workers against investing in Chinese Companies saying additional sanctions can be ahead in return for chinas role in spreading the coronavirus. National security adviser robert brian and director of National EconomicCouncil Larry Kudlow wrote this letter. The nrri trusts investment in prc expose it is Retirement Funds of Railroad Workers to significant and unnecessary risks. Zach, this is similar to thrift fund where the president wrote to thrift fund and said stop investing into companies that are either sanctioned or working for the Chinese Military building equipment that may very well be used against the United States one day . Thats right, i think that this is just the beginning. We are going to see more pressure on folks to divest from these kinds of funds because they think that theres real risks especially when companies havent been audited. Exactly. Great to see you. Zach cooper, we will be right back. 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. 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Dagen facebooks own auditors, outside legal team that looked into this essentially said the same thing that facebook is doing too little on civil rights concerns and too reactive and slow in addressing hate speech, voter suppression, other problematic content on the platform. This is in the wall street journal today. Weve known this for years and now you have advertisers boycotting facebook. Theyre essentially using the current mood and their own virtue signaling as cover to costs during pandemic then they would probably be cutting costs anyway. Advertisers are seeing noble, just when people were committing suicide and murder on live stream on facebook literally for