Closing at record new high for the second day in a row, with amazon, microsoft, facebook, netflix, we seem to say those names a lot. We have fox Business Team coverage. Edward lawrence in washington, Hillary Vaughn following the Biden Campaign in dunmore pennsylvania. And jeff flock in chicago. Well start with latest from edward. Reporter big news today, two Supreme Court rulings, one for the president , and one against the president. It denied democrats in the house to president s records and tax returns. Decision by chief Justice John Roberts who written, who wrote that, basically the lower courts did not take into the account the separation of branches of government. The subpoenas should meet specific legislative objectives. He added this in the language, quote, the specificity of subpoena request sufficient safeguard of unnecessary intrusion into the office of the president. Now House Speaker nancy pelosi says that she will keep this going in lower courts. There was never any way they were going to gives the records right now. But they would give us a path to the records. This isnt so much about the president s records although we would like to know, you know, how russia funded his operation all those years but that is not what was at stake. What is at stake is the president above the law. Reporter the president believes that this is all politically motivated just meant to make him look bad going into the november elections. Rulings were basically starting all over again, sending back down to the lower courts and you start all over again. So, from a certain point satisfied. From another point im not satisfied because frankly this is a political witchhunt. Reporter on the president s loss it was 72 additional howing Manhattan District Attorney cyrus vance to get the president s tax returns and financial records. In a statement he says our investigation which was delayed for almost a year by this lawsuit will rue assume, guided as always by the grand jurys solemn obligation to follow the law and the facts wherever they may lead n that ruling chief Justice John Roberts writes the president is not immune from handed over evidence in a criminal case, however he says the president s attorney can argue other facts and make another argument in a lower Court Related to this. That is exactly where it es going to go. The president s attorney jay sekulow says he is going to do. That the bottom line, no tax return handed over today. None will be handed over next week and likely none handed over by the election. Back to you. Edward, thank you. Busy morning. This case not closed yet, connell. Connell no its not. James freeman our friend from the wall street journals editorial page, assistant editor, fox news contributor. Joins us right now. Good to see you again. Havent talked to you in a while. Jackie says it was busy at the Supreme Court. I think for investors they look at these types of things at this time, in an Election Year everybody is trying to hedge their bets to figure out whether a decision like this, the idea that cy vance, manhattan d. A. Would get access to the president s financial records make it any less likely that the president gets reelected. Does it . I dont think short term its a big market issue. This probably pushes everything past the election. For those investors thinking about longterm health of the United States, this goes for voters as well, you have to think about how much power you want to give what congress or a local prosecutor to harass the president , even if its, may be a president you dont like at this moment. In the future maybe one you like, you hope that the president would be able to carry out has duties without this constant legal harrassment. Connell the takeaway is, if youre a democrat, be careful what you wish for. This could be a President Biden in 2021 with republicans going after him. That is exactly right. I know a lot of voters would like to see tax returns. I think as a voter it is nice to get more information but it has not been a requirement. It has not been a legal requirement. On the specific issue of the manhattan d. A. , we dont even know what hypothetical crime he is investigating, just test alito points out in his dissent, there are more than 2300 local prosecutors in the United States. Do we really want all of them to engage the presidency in a fishing expedition . Connell now as i said a lot of this is read in a way, this may not have an effect how it might affect the election and you know the market is trying to figure that out. For a while now, it looked into the polls, could be wrong, looks like joe biden more likely to win than donald trump. The market has been fine for the most part. Were down a little bit today. Well talk in detail what former vice President Biden said in pennsylvania later in the show. You posted a column on the journals website this afternoon about it, talking about bidens bigger government and i want you to talk a little bit what you think well see from vice President Biden. He promises obamastyle taxes and red tape but trump style trade fights which has been one issue that not necessarily seen eyetoeye with the current president on, i guess biden is not a free trader either . Yeah, thanks, connell. It has got to be a concern. You mentioned investors, given all the monetary stimulus we dont really know what to make of stock prices but i think certainly one thing that has been supporting them is the idea that okay, biden may be for more taxes and regulation but well get some trade piece. I think his new message, basically, adopting the trump message on trade, suggests that youre not going to get a lot of progrowth stimulus there either, or progrowth incentives, trade fights, higher taxes, higher Corporate Tax rates, more regulation, hard to see where the growth would come from in a biden presidency. Connell the timing is curious because you figure, hypothetical clay he would come in at a time the virus is still the story and were trying to stimulate the economy and youre trying to bring growth about and these necessarily might not be the politics or the policies that do that. Investor to some extent, looking at, he will not go nuts with the tax hikes and all the rest at first. They could be proven wrong by that. He might. Well i think it should strike people as kind of weird, given where the economy is, that he has not backed off at all from the 4 trilliondollar tax hike plan, and it looks likes were going to get more given the new spending that is tied to his announcements today. Connell yeah. Youre right. More again on biden in a few minutes, from pennsylvania. But it is interesting because that is the prism people are seeing things through these days. Good to see you again. James freeman. Jackie, back over to you. Jackie all right. The u. S. Reporting more than 50,000 new coronavirus cases in a single day as Texas Governor greg abbott suspends elective surgeries in dozens of new counties. Fox newss Casey Stegall in dallas with the latest there. Casey. Reporter jackie, up until today elective surgeries were on hold in eight counties in the state of texas but todays proclamation of the governor expanded it to 113 counties. That is out of 254 in the entire state. So no elective surgeries for the timebeing in 113 counties here in texas because not only is hospital bed space running tight in texas and also other states where theyre experiencing surges of cases, Officials Say staffing also has become an issue. The feds are sending in additional help in fact. More than 1000 doctors, nurses, other medical personnel deployed to places like california, arizona, texas and florida. Six federal teams alone to the lone star state. More than 9600 patients are now hospitalized with covid across texas. 2816 have died since the outbreak. While in arizona, the number much new daily cases slowly started to decline but the data shows a recent jump in fatalities attributed to the virus. 75 in the last 24 hours. Before that the record was 40 on june 25th. More than half of the states ventilators are in use and Critical Care bed capacity sits at 89 . Listen to why leaders say that is not sustainable if this trend continues. Covid patients in an icu bed, theyre not there for a few days, week, two weeks, longer. So that bed is taken out of circulation. I can say im worried. This is one of those moments, regardless how old the age group is. Reporter Officials Say hospital space is also getting tight in florida, after the Sunshine State has experienced Significant Community spread of the virus in recent weeks. To help contain it, jacksonville is one much three communities across the country where new federally run surge testing sites are now open. Anyone can be tested for free in those spots. Anyone without symptoms even which is hard to do in many places across the country. Baton rouge, louisiana, and edinburgh, texas, are the two other locations where the federal government is operating those surge testing facilities. Jackie . Jackie casey, thank you for that report. Connell . Connell all right. Seems like a shift in message to some degree. Former Vice President joe biden laying out the economic plan we referenced with a more populist vision. Seems like he is going after President Trump with that. Critics say the push could backfire on the Presumptive Democratic nominee. So are they right . Well talk to a major player, someone working closely with the Biden Campaign. Plus a safe path forward for students, and despite floridas order to fully reopen schools in the fall, one district is planning to keep the classrooms closed. Well talk to the miamidade superintendent about that move. That is coming up next. Onestop shop for customer needs. Why one industry is making a postpandemic push into primary care. Stick around. I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. We do things differently and aother money managers, dont understand why. Because our way works great for us but not for your clients. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when our clients do better. At Fisher Investments were clearly different. Jackie President Trump threatening to cut funding if schools do not fully reopen in the fall but many of the nations large School Districts disagreeing with the push to bring back in class instruction. Joining us miamidade superintendent. Great to have you with us, sir. Good afternoon. Good afternoon. Jackie i want to talk to you about how difficult the decision the state has to make. The state issued an order the schools should resume in person on august 24th. Youre looking florida one of the hotbeds or if not the new epicenter of covid19. How do you work through the process with time slowly running out . Number one, thanks for giving me the opportunity. Look, it is my sincere wish and will to introduce students back to the in house experience that is the biggest experience we can provide. The biggest challenge we face, Miamidade County stands at epicenter of covid19 in the entire country. So much so the entire state of florida has evolved to phase two, while south florida is under phase one. Here is the challenge, according to the white houses own reopening plan as well as the state of florida reopening plan, schools cannot physically open at least not at full capacity until they transition, until the Community Transitions into a phase two status. Phase two status requires a sustained decrease in hospitalizations, sustained decrease of at least 14 days of number of covid19 positive cases. That is a challenge were facing w that said, we have a reopening plan that provide as fiveday a week experience for parents side by side with innovative options for parents that rely on Remote Learning as well. But thats a challenge that were facing right now is, the rush as you correctly said, to reopen schools at a time when quite frankly restaurants shut down this week. So we are emptying restaurants but we, with the idea of actually packing up schools. There is something logically inconsistent with that. Jackie i hear what youre saying. Im not disputing challenges youre face as you make a very difficult decision but at the White House Press briefing this afternoon, Caylee Mcdonald was asked aboutdkiley Kaley Mcenany was asked about reopening schools. Challenges with child care of parent trying to go back to work but also crucial meal services. She talked about some statistics with respect to kids learning remotely. Theyre not necessarily getting most out of the programs. She even mentioned things like child abuse occurring more frequently as kids are staying home. How do you respond to those . I think that a number of those are extremely valid points. Look, since the last quarter of last school year we had served over five million meals out of 50 distribution sites. We continue to do so during the summer. So we know that sometimes if the schools are closed down kids would go without eating. Therefore we continued the Meal Distribution process. Secondly, we have opened hotlines for social, emotional support as well as Mental Health support for employees as well as students. And lastly, look, we are touted by even secretary devos is one of the most Effective School systems in america in terms of our model for Distance Learning w that said, look, there is Nothing Better than a teacher in front of a child in a school environment. However, the biggest challenge for us, right now, is the fact that our community is under phase one based on health conditions. Federal guidelines as well as state guidelines, right now, published in the white house as well as the state of florida present the opening of schools while in phase one. So we hope the transition to phase two, obviously welcome back students into the best type of education they can benefit from. Jackie really quickly, im wondering how you would respond to the fact that if you dont reopen come august 24th, you could perhaps see cuts in funding when this is a time all the schools are saying they need more funding to be able to reopen properly, to sanitize classrooms, to maintain social distancing, to maintain the fact that, and insure the fact that theyre checking the kids to make sure they dont have temperatures, that kind of thing . Youre response to that, sir . Well i was actually heartened by Vice President pences statement yesterday that while there is a moral imperative to actually return kids back to school in the fall that he recognizes that there are some districts that are facing significant limitations and that to me gives me hope there will be some degree of flexibility as we transition to a phase two scenario, allowing for the students return without sacrificing the muchneeded resources that these kids deserve. So were going to continue to work with our commissioner of education, with whom we have a terrific relationship. Our reopening plan i think will be seen favorably bit state of florida. The state of florida in its guidance and emergency order declares they will be working closely with us and the local Health Department to insure pa safe, timely return back to the schoolhouse. Jackie and we wish you the best with your planning. Thank you so much for joining us today. Alberto calvaho. Connell . Connell well is stay on the topic, important to many people as schools reopen in the country as districts finalize plans to open in the fall. You talked about miamidade, new york city, which is the Largest School district in the nation, has a plan where students will alternate being online and having personal instruction. Live to laura engle with details on that. Reporter connell, new york city mayor bill de blasio says, schools cannot hold all their students at any one given time. So this blended learning plan is really the best solution they have right now moving forward. You mentioned their blended learning was unveiled by new york city mayor bill de blasio to have students going back to schools two to three days a week with masks and the other days the students will continue Remote Learning during the spring. That needs work president of united teachers federation, saying that working parents will have to work to pull this off. There is crisis in city of new york and other communities, the blended learning model means children are not coming to School Every Day and there definitely will be a child care crisis. That is something the city needs to tackle to get on top of. Reporter now the mayors proposed model needs to be signed off on by governor andrew cuomo. The state officials will make the decision for 700 School Districts in the state in august. Whether child online only classes choosing which some parents already said they will take advantage of. In my opinion doesnt matter if youre there for five days or for two days, youre still in that environment with the other kids, with the germs and, kid