Even more retaliation. Weve got the latest. Markets this morning pointing to rally at start of trading upbeat news on Moderna Vaccine. Dow industrials up 556 points and nasdaq up 97 and the s p up 42. New covid warning, though, for expected mothers as baby contracts the baby in the womb. Everything you need to know coming up. Big win for apple this morning, European Union court ruled in favor of the Technology Giant over multibillion dollar antitrust tax bill. The stock is up on the news, up 1 and a quarter percent. Goldman sachs among big banks reporting today along with dow component and United Health, mornings with maria is live right now. Maria and european markets like the Investor Sentiment of vaccine trials and london better consumer data. The cac quarante in paris up 63 and dax index up 122. In asia overnight, mix story, take a look, asian indices finishing like this overnight with shanghai composite down, japan was up one and two third and the others fractionally moving. Some of the top stories we are watching this morning, President Trump turning up the heat on china. The president signed bill that imposes sanctions on beijing after china passed National Security law. The measure sanction chinese officials who crack down on hong kong residents. Their freedoms have been taken away and there goes hong kong in my opinion because it would no longer be able to compete with free markets. I also signed executive order ending preferential treatment for hong kong. Hong kong will be treated the same as mainland china. Maria china is vowing to retaliate against the United States with sanctions of its own saying no foreign country has to right to interfere in hong kongs affairs. Well, the u. S. One step closer to a vaccine for covid19, vaccine developed by the National Institute of health and moderna, shows all 45 trial participants developed antibodies. Moderna stock soaring on the news. City reporting new daily high yesterday alone. Shocking data in florida after a local fox affiliate learned some labs in the state are not reporting negative covid19 tests making the positive rate much higher, the Florida Department of health releasing a statement saying, quote, began working with those labs to ensure that all results were being reported in order to provide comprehensive and transparent data. They broker another data for more covid19 deaths in one day, 133. President trump praising Tommy Tuberville for winning elections. Tuberville easily beating attorney general Jeff Sessions in alabama last night and will face democratic doug jones in closely watched race. And texas now winning third district. Ruth Bader Ginsburg resting in john hopkins hospital recovering from possible infection. Ginsburg initially evaluated at dc hospital after suffering fever and chills. The 87yearold justice was hospitalized in may with an infection caused by a gallstone. Jetblue extending land to block the middle seat throughout the summer meanwhile. Middle seats on larger planes and aisle seats on smaller planes will not be sold at least in september 8th. 3 group of pupil can be asked to sit together. Jet plus shares are up better than 4 in premarket. Vaccine hopes pushing futures higher this morning. Coronavirus vaccine produced antibodies in every patient in early trial. The stock is on fire. Largest oneday gain this month. Management chief Investment Strategy brent and also joining the conversation this morning is the hill media reporter joe concha, fox business Jackie Deangelis and Mitch Roschelle. Bret, let me kick it off with you, your reaction on the vaccine news with moderna. Is that whats going to dictate markets moves until we get the vaccine underway . Yeah, i think so. If you think about the coronavirus anything that ends or decreases impacts in markets, if you have treatment, shrinks the length that we have to live with this in some, way, shape or form. Plus, you to also acknowledge that while cases are rising in certain parts of the country they arent in others and we arent going to lockdowns that drove deficits in march. Maria i want to get your takes on what the banks said yesterday, they are all raising money for the effects of this shutdowns, you have United Health just reporting a few moments ago, we will hear from Goldman Sachs, bank of new york, usc financial. What are you expecting there after we learned from jpmorgan and citi this week, they are raising money with the expectations that we will see increasing loan losses, does that mean the recession gets worse . Yeah, i think its typical behavior. Its actually what they do during time periods. When you get to peak provisions hopefully not in too distant future i think you will start to sharing purchases and banks right now trade at pretty low level of valuation so if and when we do get a vaccine or a treatment if and when the coronavirus loses some of its impact on the economy, we do think looking forward that banks are the types of area of the market that are somebody cyclical. Maria Mitch Roschelle jump in here. Mitch yeah, right now theres sort of absence of guidance and im curious beyond the fed and beyond news on vaccines what are investors going to be looking for in this earning season that could influence the markets . Sure, so i guess to me im more of a macro person. I do think the overall macro, the virus news, vaccine news kind of controls the overall tone of the market in the way it moves. Earnings are barometer and if a Company Comes out and report it is earnings but they are able to survive and their future is still, you know, full of cash and all kind of things that keep them alive, if you get a virus, im sorry, a vaccine, i think the stocks will move higher and so i dont want to downplay earnings, certainly i do think that given the economic recovery that we have had that we underestimates or some people did, its likely that earnings beat expectations but i still think the overall macro narrative is controlled more on what happens with the virus moving forward. Maria right, of course. We need the confidence to get people out there and get revenue generated in a number of industries. Jackie deangelis, jump in. Good morning, great to see you guys. Im wondering what you think about bankruptcies, we see them trickle in and how that impacts the economy as we move forward, something thats keeping me up at night. Yeah, the question comes up quite a bit and one of the areas of the market, certainly there could be bankruptcies and i think during every economic recession there are bankruptcies but overall if you see the virus and i hate coming back to this its what drove our down torn and response to it and we did the more nationwide, you know, pullback which caused the economic debts to be so large, if you see that receding, i think the mows cyclical areas of the economy even with bankruptcy will outperform because the survivors, if you think of what happens during recession, the week hands are forced out. The companies that survive are left to garner the higher profits that result in that until you get a new round of competition which drives earnings down cost of capital and you the whole cycle repeat. I wouldnt overly pick it on bankruptcy. I would think of what happens on the other side of this and at some point the virus will stock exerting a huge impact on the economy will push forward and more cyclical areas of the markets and even with bankruptcies will likely outperform because they havent done so well and thats actually where the volume is in the market. Maria okay, thats where youre allocating capital. Jump in. Quick question, brent. The dow closed 26,700, thats above the 2,019 which was great year and we are probably going to go 27,000 today, are you surprised that we are where we are in the markets right now given everything the country has endudder economically over the last 4 months . Yeah, im a bit surprise of the move lately because the cases are having but as maria opened audiotape about vaccine news, if youre a money manager right now and your underweight equities are behind on fund, theres a lot of cash in the sideline ready to come in and thats buy dips opportunity and any time the market falls the individuals are playing catchup because they didnt believe that march 23rd it was bottom. That all being said thats the bifurcation in the market, you have the largely s p 500 because it is controlled by bigtech stocks that help us do the things that we are doing right now and they are not really impact bid the virus, you the others. Small caps, mid caps and the more Cyclical Companies that have been punished more. When people talk about the disconnect between economy and markets, you to look under the sheets and see what is happening and thats where the market is reflecting whats happening in the economy and so i do still i guess think theres opportunity in the areas that havent done as well to do better in the future given the fact that they are more economic as we get into this. Maria makes a lot of sense, great analysis, thank you so much. Thanks for having me. Maria investing today as we watch the market now at the highs of the warning up to 269 points on the dow industrials, we are just Getting Started this morning, coming up this hour georgia congressman buddy carter talk about the president s new plans to help with infrastructure. Jonathan ward reacting to chinas response to the u. S. New sanctions over hong kong, warning for all expected mothers this morning, first case emerges of a baby contracting covid19 in the wound, everything that you need to know coming up and the streaming wars this morning. We take a look at what nbc is offering with peacock and the rising spending on content. We will be right back. vo audi etron. The next frontier of electric. Get audi at your door Remote Services through participating dealers. Maria welcome back, rebuilding america, infrastructure front and center this morning as President Trump will travel to atlanta today. Hes expected to announce a policy change focused on fast tracking projects across the country. Joining me right now georgia congressman House Energy Committee member buddy carter who will be at the president s side today. Congressman, good to see you, thank you so much for joining us. Tell us about the kind of projects youd like to get fired up across the country and what the policy might do to do just that. Congressman thats the expansion of lanes i75 between atlanta and macon. We happened to have the second busiest container port in eastern savannah and this will enhance mobility and help us get our products both to the port and from the port to where they are trying to go. Theres a ups site right there and thatll help decrease the amount of of, decrease certainly the congestion there and certainly and expedite the project so where we can get it increased and without having to see congestion. Maria how important is deregulating some of these situations where whether its atlanta or anywhere else in the country, is Regulatory Environment too burdensome that pushing some of the projects to happen and take place over years and years. I mean, theres certain executives who tell me they dont want to invest in any of this because it takes too long. Congressman theres no question about it and theres no greater example of savannah harbor, perhaps most studied project ever in the history of man. We started that project in the mid90s and didnt have construction start until 2015, what we are going to be doing and what the president has done by by modifying and adjusting the National Environmental policy act is to expedite the process. Maria right. Congressman its erroneous to think that the amount of time spending equates to review. Thats what we have done here and what the president has done. This is truly someone who understands commerce and understands business. Maria yeah, and the regulatory fight. Let me ask you about joe biden, though, because Presumptive Democratic nominee has unveiled a 2 trilliondollar Climate Change plan yesterday. The former Vice President calling for more investment and shorter time frame for change. President trump fired back, listen to this. Have to get your reaction. I know that Climate Change is a challenge and is going to define our american future. I know meeting challenge would be a once in a lifetime opportunity to jolt new life into our economy, strengthen our global leadership, protect our planet for future generations and if i have the honor of being elected president , we will not tinker around the edges. He wants to impose Massive Energy taxes and jobcrushing mandates to eliminate carbon from the United States economy. Let him define the word carbon because he wont be able to. Obliterating oil and Natural Sources that supply countless american jobs. Maria congressman, your reaction to what you heard from biden and, of course, the president s response . Congressman i think the president is spot on here. You know, i served on the committee for Climate Change, i can tell you that we havent gotten the credit for decreasing Carbon Emissions like we have. We have decreased Carbon Emissions by growing our economy. It can be done. Look, we all care about the environment, republicans care about the environment just as much as democrats do but we have done great job of decreasing Carbon Footprint at the same time increasing our economy and making sure our economy continues to grow and that can be done, that can be done by the innovations that exist right here in the United States of america. Maria all right, we will leave it there, we certainly have seen the corporate sector step up in terms of all of this, for sure. Congressman, good to see you this morning, congressman buddy carter, we will be watching your trip to atlanta with the president this morning. President trump takes action on immigration. He plans to change the process to enter the United States. We will tell you all the details. Americas fittest cities, find out if your town made the list. Youre watching mornings with maria live on fox business. Which must be named after the. That would be rocky the flying squirrel, mr. Gecko sir. Obviously ahh come on bullwinkle, theyre named after. Our first president george rockington that doesnt even make any sense. Mr. Uhh. Winkle. Geico. Over 75 years of savings and service. But what if you could stdo better than that . K. Mr. Uhh. Winkle. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Is that if youre not wexpecting the shock,t and the markets fall dramatically, you might panic. And in the midst of that panic, you might sell and run to cash. At the very moment, you shouldnt. At the very moment prices. 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. Maria welcome back, meritbase immigration. President trump promising executive action to bring in highskilled workers. We are going take care of daca because im going to be doing in the not too distant future pretty soon i will be signing a new immigration action very, very big meritbase immigration action that based on the daca decision i will be able to do. Maria now, the daca decision, the president referring to is the supreme courts action last month upholding the program for young undocumented immigrants. Chief Justice John Roberts writing in 54 decision that the administration fail today give adequate justification for rescinding the program. Joe concha, what you think of the next executive action and what that might look like . Its interesting what i hear the reaction of the president announcing meritbase action, some accusing him again of the most tired term in the last 3 years of him being a racist, when you look at, however, other countries. In this country only 12 of legal immigrants are selected based on skill, based on merit, if you go to say canada or new zealand or australia that number is closer to 60 or 70 , so this is a thing that has precedent and context and i think the president should push the argument more when talking about this. Maria yeah, he said thats going to happen in the next in the near term so maybe its weeks away. Mitch roschelle, your reaction. Mitch no, i think this is an important issue and unfortunately i think it underscores the unwillingness of congress to work with the administration. I think everybody agrees that we need to reform our immigration policy to joes point to make it realistic with the rest of the world, but, again, this is one of the situations where congress refuses to give the president a win especially in this area because it takes away their narrative. Maria yeah, it certainly stop getting things done certainly. This constant fighting. We will take a break, when we come back confronting china, President Trump takes action over beijings takeover of hong kong and the overreach that the communist party has been doing. We will tell you what hes doing coming up. Apples tax victory. Wins m