Of impact as nasdaq saw third record finish in a row. The investors investigating big week for earnings. Here we go folks. Big banks including jpmorgan wells fargo city group and bank of america on tap to report this week. And back to the happiest place on earth disney world reopens in florida. The despite a record surging case in that state. What is being done to keep visitors safe. That is ahead. And chinese new a l products possibly only hold company considering pushing back annual reveal of newware what is you should and should not pick up right now. And if you developed bad habits in quarantine, you are not alone. What you can do to break them. Thats coming up, mornings with maria is live right now. Right here we go with european stocks they are up this morning. There is optimism other earning season reaching across the globe as you can see the tax 40 in green and a meeting about European UnionRecovery Fund proposal. Now to ash sha overnight green acrossed board there as well. Markets will reacting to news of a coronavirus treatment and vaccine despite a rise in case here in the United States. As you can see, the nikkei in japan biggest performer in that market group. Well shocking coronavirus numbers coming out of florida, weve got Lauren Simonetti on tap shes got all of the details. Lauren, good morning. Good monday morning cheryl yes numbers are shocking. Florida recorded 15,299 new covid19 cases. Just yesterday marking the highest number of new infections in any state since the pandemic began. Texas also breaking a daily record with more than 10,000 hospitalizations yesterday. And houston state lead rrs calling for another lockdown as the county reaches more than 27,000 infectionings. But there is a sign of major progress new york city recording its first day without a death from the virus since march. The nation open coronavirus testing official criticizing dr. Anthony fauci and response to the pandemic. I respect dr. Fauci a lot but dr. Fauci is not 100 right and he also doesnt necessarily he admits that have the whole National Interest in mind. He looks at it from a very narrow Public Health point of view. The comments that admiral come to white house claims hes been wrong dozens of times. Violent clashes breaking out between propolice and black lives matter protesters in new york city. Rioters setting garbage can on fire ignoring clear orders to vacate the area. This comes after protesters crowded around an nypd officer, and threw an egg at him. Police reportedly making two arrests. Mean while in chicago nine people were shot to death in just one weengdz. Among them, a 15yearold. This is chicagos fourth straight weekend of violence murders in the city up more than 100 this month from the same time last year. Well, the Washington Redskins reportedly set to retire the team controversial name today. Major sponsors including fedex, nike and bank of america call on franchise to stop using any native american image no word when a new name will be announced. The u. S. Navy still looking forward to spark explosion at massive fire on a warship 21 people treated for nonlife lifethreatening injuries yesterday the warship was docked for routine maintenance at the time. And it is monday a shift deal reportedly in the works. It is official right now, in between Analog Devices and maximum integrated products and it is requiring its rival shipmaker for about 20 billion. It is one of the largest merger deals this year. Massive shares surging 10 in premarket. The two have discussed a possible transaction for years now. Shares and Analog Devices are also up about 1 here. But look as everything is becoming a smart device, ship makers need to scale and merging is one way they can do it in better compete with texas and cheryl back to you. Cheryl Lauren Simonetti thank you very much. Leetle move our focus from mergers to earnings looking at futures this morning. And as you can see weve got the dow up 138 nasdaq up 58 and half s p up 13 and a quarter. Investors are focusing on Quarterly Results this week from big banks including jpmorgan, city wells fargo and Goldman SachsSecond Quarter expecting to show covid covid19 still affecting our markets bring strategist also joining the confers for the show for the three hours weve got and pollster and president lee carter is with us senior fellow with National Taxpayer union and maddy, and real clear politics cofounder president tom bevin. Guys good morning to all of you. Good morning, cheryl. Well we have a lot to talk about and start with you because, obviously, earnings that is kicking off this week and estimates are all over the place. Analysts seem to be somewhat flying blind going into what we call the covid quarter now. Whats your expectation . Well, you know consensus is earnings falling somewhere between 40 and 50 from last year but i dont know what row do with that number. You have very little visibility, i mean, weve seen a market that basically had a tugofwar from good economic numbers like strong manufacturing, some upside surprises in the recovery of the labor market, of course, facing off against tough information regards to the virus and up tick particularly in sun belt. So i think you have to almost look past earnings. I think you have to focus old school and look at price to book at least thats a little bit of a measure of longer term earnings sustainability. It is interesting too as well you know, tom as we look at where were at with stimulus and government, obviously, the markets have been banking on stimulus and more stimulus few you know from the political side that might not be really a possibility before the end of the month of july. No. Congress is out, and it is unlikely theyre going to get anything done theyre talking about trying to get i think a fifth package done, and trump has mentioned something about new stimulus checks. Were hearing stuff about you know hundreds of billions of dollars per schools to help them deal with getting kids back into the schools awe of the measures that are going to take. But it is unlikely to see anything getting done in the shortterm just because of the logistics of it number one and politics it have. Theres hely a big divides on capitol hill still. Thats true, and going back to issue of the quarter was looking at expectations now. Because this is going to be, obviously, a huge a negative quarter for American Companies but Energy CompaniesConsumer Discretionary industrials those are sectors that the Analyst Community that has hair eye on for biggest falls. Is there upside surprises in any of those groups in your opinion . Well nose are for sure hot spots and one way you can see that is not just to look at price action but if you look at dividends sustainability sectors that youve mentioned have had the preponderance of dividends so far. If you take tech and pieces of Consumer Services that are related, Communication Services related you have onethird of the s p 500 at this point in those evaluations are sky high. But this time around, as opposed to 20 years ago those enxas actually make a lot of money, in fact, they return on assets substantially higher than market. So just rotating value doesnt necessarily make sense to us. We think moving to middle of the gauge in terms of quality plays with better return on assets but also trading at lesions than market make a lot of sense. But those sectors you noted definitely risk on earning front. Another top sick going to be online retail. Retail in general because thats going to be again the covid quarters that could actually be a positive story because were stuck at home and buying everything online. That what we might be cheryl thats the question is there a pengt of demanding proposition here that makes up for the loss in the last two quarters. And hit it on the head when he said we have to look through earn this is week because it is a weed week. Not only are we waiting on stimulus from washington. Weve got fed beauings stock prices in a way we havent seen in recent time but also taxing. Remember wednesday is that delayed tax deadline which means businesses are paying their quarter one and quarter two taxes. Other than being delayed. That is a trillion dollars in money with the private economy thats a poll off the sidelines back into treasure. Im not sure that would have a positive effect if we werent otherwise in a strange environment essentially fed an congress are what market is watching. Cheryl they have been for the last three month and not seeing eye to eye you have federal rearch Treasury Department disagrees reportedly over main street legending program that was in the journal and i want to take this to the fed they want more risk for the government. Treasury was like wait a minute, more conservative approach. Your response. Look, we need both monetary and fiscal stimulus at this point. And that i think we dont get a second package, out of the administration and congress then i think theres a little bit of risk to the market. But if you look at the response overall both monetary and fiscal, to the pandemic crisis, its overall a lot faster than what we saw in great financial crisis i think thats a lot of what folks are looking at when in terms of keeping equity prices the way they are. Because those stimulus programs are the key to allowing companies to turn back almost like a light switch to really mitigate the longer term damage to the economy. So i think so far you have to give it decent great to monetary and fiscal stimulus but we do need more. Many would say ppe overall wasnt success overall that was stimulus addition to mean stream legending program. Thank you for getting up early. Thank you. Cheryl we are just Getting Started morning we have a lot more coming up. A return to happiest place on earth. Were looking at disney world reopening in orlando safely. Precautions taken and how visitors are responding. And then in the 8 00 hour im going to be joined by pennsylvania scott perry ticktock troubles and race for the white house in 2020. Former White House Deputy press secretary hoag opinion going to talk about gop Voter Register surpassing democrats. And some shiny new apple products possibly on hold. The company considering pushing back its annual reveal newwares what you showlgd and what you should not pick up from a l right now. Much more ahead for all of you but first crime in america. Former new york city mayor Rudy Giuliani speaking to Maria Bartiromo about current mayor bill de blasios plan to he says fix big apple what he said all of thats going to be up. Plus word on wall street top stories investors are looking at with earnings season keeking off this week. You are watching mornings with maria. Live on fox business. vo the time is coming for us to get out and go again. To visit all the places we didnt know meant so much. But were all going at our own speed. At enterprise, peaceofmind starts with our complete clean pledge, curbside rentals and lowtouch transactions. With so many vehicles of so many kinds, you can count on us to help you get everywhere you want to go. Again. Whenever youre ready, were ready for you. Enterprise. Cheryl crime surges in American Cities reporting staggering increase in shootings and Violent Crimes as officials warn theres a socalled storm on the horizon. Amid calls for change, former new york city mayor Rudy Giuliani speaking to Maria Bartiromo about up tick in crime on sunday morning futures if watch this. What is your reaction to mayor de blasios new plan he says to take back the blocks . Relying heavily on Community Members on the streets . Hes already amended that plan because it was stupid throughout, and it is a disaster maria ive never seen it leak this. I mean, there were more murders in the city under jenkins but we never had a total disrespect for the police even in bad old days no one would spit at a Police Officer or punch a Police Officer. Cheryl or put a officer in choke hold or throw eggs on them bring in matt welch, matt good morning and 15 shootings in a 15hour span here in new york city. Yeah. We Vice President seen anything like this for a generation. You know since early 90s and it is specifically shootings and this is also true in minneapolis, true in chicago, it is what people do with their guns more than across the board crime wave which leads to all kinds of interesting potential kind of interpretation of the data in Minneapolis Police have stopped a lot of the type of stop and san frisk it is not wht they call it there but incidents of stopping people and checking them are way down. And in addition to the Police Department has understandably lost a lot of credibility in the community there. So when you have a perfect storm of kind of luke people cooped up with the pandemic the surming months are normal to have an increase in crime and an increase in shooting. And then you have in some Police Departments and some cities, a severe drawback and number of stops that people do. I think you start to get this. But caveat that were all trying to figure out why crime went up there are pee three decades and criminologists dont have a consensus on that view either. Cheryl lee carter were hearing Defund Policeman tray continue especially in cities like new york, chicago, and seattle and this is politics at play. These are liberal cities, lee. Yeah. It really is, and you know that one thing that i ponged interesting much is theres a movement to Defund Police theres only 75 dont. In fact look at numbers 42 of americans want funding state to stay the same and 30 want increase and theres a concern about these safety that goes both with cream crime and how they feel about covid and concern about civil unrest people want to have ability to protect themselves in these situations. So were going to have a real interesting conversation coming up about Defunding Police theres also going to be really interesting debate coming up as we go into election psych m about gun control because if youre talking about this gun control, if it is gun related deaths that are happening right now, democrats are beginning to be pushing for stronger gun control measures and a lot of republicans are looking at their concern about the safety to have a gun at home right now. This is going to get really, really ugly. Really Good Research lee. I want to you react to that. One thing to keep in mind is also every city and every state is under severe budgetary pressure right now. Right, new york politicians here in bill de blasio is as reckless as a human being can come. A love to talk about whatever they think that the that the streets are asking to say. So talked big game about defunding mrs. And came down to actually doing something, they kind of hid money around and Defund Police by taking police out of schools and so were going to fund them the exact same amount and have the seam personnel and from the department of education, they wont do it. However with every city including new york has to cut billions from their budget because they dont have the tax money and it is not likely necessarily that the federal government is beginning to fill up that gap. So youre going see some cuts and it will be interesting to see whether political pressure cuts towards people saying, you know Defund Police yes. Or that hey look crime is up and shooting is up and we dont like that. New york doesnt want to see this come back the way it was in 1990s. Most incredible thing in new york was protesters Defund Police signs being escorted and protected by the police. Thats the story were seeing. Matt welch well great commentary for you thank you very much. Good to see you. Thank you. Cheryl weve got a lot more coming up folks taking the page out of President Trump playbook a key white house advisor sounding off on joe Biden Economic plan. Thats coming up next. Plus solving an age old argument how to load the dishwasher experts are on hand to answer your questions. Well be right back. [laughter] insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Simon pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Cheryl too similar joe biden revealing a plan with a massive 700 billion job plan fueled by American Made goods. Biden plan appears to be very much like President Trumps agenda. Maria bartiromo spoke with white house trade advisor Peter Navarro about it. Watch. Maria reaction to the economic plan released this past week . Poll driven plagiarist by china joe biden i was astonished by that given joe biden history. I think everybody remembers back in 1988 when biden ran for president and did the trifecta of plagiarism and ripped off in speeches and had to withdraw from the race. In shame and in embarrassment, and now hes just blatantly ripping off the president s by american agenda. I prnlly bnl at the side when