33 points and nasdaq is up 92 and the s p is up 8 points. Yesterday the dow industrials snapping a 4session winning streak with decline of the session with 135 points and nasdaq down 76 and s p lower by 11. Warning on china that i reported here first, attorney general bill barr calling out American Companies for caving into the pressure from beijing. Bombshell allegation, 15 employees of the Washington Redskins said they were harassed for years. Mornings with maria is live right now. Maria in europe mixed moves, the ftse 100 is up 21 but cac quarante is down 15 and dax higher by 42. In asia overnight markets mostly higher with the exception of japan, nikkei average overnight down a third of a percent and the other fractionally moving across the board. Some of the top stories we are watching right now, John Hopkins University reporting over 77,000 new cases yesterday. 10,000 higher than the previous high. 969 deaths were also reported. Florida, South Carolina and texas all reporting their biggest oneday spike yesterday alone. Dr. Anthony fauci warning that cases could soon top 100,000 a day if americans do not take necessary steps to stop this virus. More retailers growing the list of stores requiring shoppers to wear mask. Target, cvs and walgreens will begin on monday, targets requirement will start august 1st and exclude those with underlying medical conditions as well as young children. Well, u. S. , britain and canada accusing russia of trying to steal researching into vaccine for covid19. Hacking on app 29 or cozy bear. Recent tax at labs and pharmaceutical Companies Across the world. The group was also linked to hacking of the Democratic Party emails in 2016 president ial election. Tom cotton told us the same thing here about the china. Meanwhile a spokesperson for russian president Vladimir Putin, quote, russia has nothing to do with those attempts. Change at the top at netflix to tell you about. Chief executive, driving force behind netflixs original shows and movie will company to serve as chief content officer as well. Netflix missed expectations on earnings but revenue topped expectations. The company also warning of weeks of subscriber growth, the stock is down 7 and a third percent as you can see netflix in premarket. Markets mostly flat this morning as investors look to recover from yesterdays volatile session, futures indicating a begin at the start of trading this morning about 30 points on the dow. Major averages ending off of the lows yesterday. Dow snapping a fourday winning streak and s p showing a gain of 1 . Joining me right now cfra investment strategist, also joining me Kings College and manhattan chairman of the program and Business FinanceFox News Contributor professor Brian Brendberg is here. Pollster and the president of maslansky partners lee carter is here, republican strategist pinion, joseph pinion. Good morning. Maria sam, let me kick it off with you, a little apprehension, factional moves but we have the market never record highs even though we have seen some declines recently, how do you expect the backdrop to perform second half . Well, i think investors will be watching very closely to make sure that earnings either put up or shut up, meaning that that they have to actually start to come in as the market has been pricing. Prices tend to lead and anticipate fundamentals. Right now the expectation is that the Second Quarter is the tough quarter and we are supposed to be coming back up of the surface by the end of the year and up by more than 30 in terms of earnings for large caps next year so now wall street wants to make sure that the earnings forecast were high every as we move along. Maria Brian Brendberg. Brian talk to me about how china might affect the second half of the year. I think thats going to be a very big issue. We are talking a lot about relationships there, theres a lot of pressure, i see that affecting equities, whats your read on that . China is a headline event and something that continues to be batted about by the president and just worries as it relates to earnings and so forth. We estimate close to 50 of the revenues for s p 500 come from overseas operation, probably not as much as anticipate. I think we have to keep a very close eye on china and u. S. Maria let me ask you about report from nancy lazar, regular guest, capitol goods firm sell selling into the United States will benefit. This is not your fathers cap cycle, domestic in the United States is outperforming and she says cap x is also showing real life. Whats your view on that and what is the impact on that on the broad every economic backdrop, sam . Well, we are actually seeing rotation, just in the past week, the strongest performances have come from the industrials as well as the continued rise in the energy and then dragging along with it the materials, so i think that we are definitely seeing a better than expected bounce, better than expected in terms of Economic News and i think that report indicates that the forecast is that we will be seeing an upward jump in gdp in Third Quarter, up 26 by our analysis, almost 9 growth in the Fourth Quarter and then a continuation, 6 advantage of 2021 and that would definitely help capital spending. Maria sounds like you do see a vshaped recovery, is that right . Yes, i do and the question is cap value v or lower case v, but right now our forecast is 32 decline in the Second Quarter but the bounce to come in the Third Quarter and continue into next year. Maria let me get joseph pinion in here, joseph, the election is one of the main highlights to have second half of the year, how do you see the economic backdrop impacting the election, joseph, and what are your thoughts in temples of the economic story when you look at the politics and the backdrop as well . Well, absolutely, sam, i think to your point what the markets create more than anything is a sense of security. I think that Many Americans are feeling quite insecure. We are talking about 32 of homeowners not making payments in july, we are talk about a new york city one quarter people not making rent payments going back to march, my question to you is what do you see as kind of the problems that we are facing here as liquidity problem start to plead into possibly wall streets predictions particularly netflix now earnings coming down and the impact of American People get less than 5 cents on the on comparison to the money that weve spent to covid19 crisis . Well, youre bringing up an interesting point about the divide between wall street and main street, certainly main street is feeling the brunt of the covid crisis in terms of shutdowns and so forth and now with many of the cases in the country spiking the question is well, whats going to be happening in the next several months and we are still in phase 1 of the covid virus, so questions are whats likely to happen. I think that is whats contributing to joe bidens poll numbers as compared with the president s and so i think wall street is going to be paying close attention. Take a look at the markets performance from july 31 through october 31 and traditionally a downward move has signaled a replacement of the incumbent administration. I wouldnt be worried too much about a democratic sweep. There have been 5 times since world war ii that we have seen the president and congress go democratic and what we typically found that the market has advanced 10 and a half percent in calendar year. The uncertainty leading up that wall street does not like but once they found out who is in charge they tend to deal with it. Maria certainty is always they want, i got that. Sam, great to see you this morning, thanks so much. My pleasure. Maria sam stovall. Author gordon chang is here and will weigh on attorney generals bill barr tough words for American Companies which i reported here first. Word on wall street, we are talking to top strategist and what that are watching. Congressman doug collins is here, next Republican Convention in jacksonville and changes being made. 8 00 a. M. Hour, plan for conservative movie studio and Operation Underground Railroad founder on Conspiracy Theory rounding way fair and Human Trafficking, lots to talk about with him and then its time to ask maria, im in the hot seat answering your questions, dont miss it, i look forward to that. Much more ahead. I will be speaking with texas congressman Michael Burgess about next round of stimulus, what should we expect, youre watching mornings with maria live on fox business. Me. Neighborhoods great. Amazing school district. The hoa has been very involved. These shrubs arent board approved. You need to break down your cardboard. Thank you. Violation. Violation. I see youve met cynthia. At least geico makes bundling our home and Car Insurance easy. And it does help us save a bunch of money. Two inches over regulation. Thanks, cynthia. For bundling made easy, go to geico. Com apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com maria white house is signaling to Congress Next stimulus package must contain payroll tax cut or risk President Trump rejecting any new deal. This adds to new tensions over how big the stimulus package could be. House Speaker Nancy Pelosi saying 1. 3 trillion is not enough. That was the president s plan. Joining me right now is texas congressman house energy and Commerce Community member and medical doctor himself Michael Burgess, congressman, thank you very much for joining us. You have a small window of time when you get back to when you leave again in early august to actually get something done. Do you think we are going to see a fourth stimulus package before you guys leave again for the august recess . Boy, thats the question for the ages, the struggle as you know is speaker wants a good deal, more stimulus and Senate Majority leader wants liability certainty as businesses begin to open back up and it is the struggle between those two issues as you know and ive spoken on this program many times. Im absolutely in favor of a payroll tax cut and if thats the direction the speaker would try to go i think we would be able to get it done before nightfall tonight. Maria well, i mean, here we are in a contraction, we are expecting growth for the second half of the year, but we are looking at a pretty sharp contraction in the Second Quarter, we are in a recession right now, how are you planning on getting us out of this, you and your colleagues if its not a payroll tax cut, what are the options, what are the levers you need to push, is it all tax cuts or is it Something Else . Its Something Else, letting the economy get back to work. I think weve talked about this before as well, theres almost no way that we can print or electronically manufacture enough dollars to take care of the entire United States economy. We have to let people getting back to being productive and get back to work and thats been one of the big challenges every time a state or governor begins things open and somebody says you to close it back down and that whip saw has been very damaging. Maria lee carter. Polling says 87 of americans are concerned about the economy in this moment, polling also says that of all of the things americans are concerned about that President Trump and republicans to fix the economy. Outside of opening things. Thats a beg debate state by state and the way people are handling it. What are things that you will do to make sure that money gets back into American Worker and the recovery is stimulated outside of encouraging reopening every one of the packages so far has been geared towards that, some more than others, payroll protection turned out to be a pretty Popular Program and benefited certainly knowing the district that i represent, representative of the vast number of Small Businesses but more importantly families who were depending upon those dollars. If the loan program has been popular with businesses themselves. I wouldnt be adverse. Im absolutely willing to listen to that. I do know that the Senate Majority leader and hes been quite firm on this, you to provide certainty of those businesses reopening that theyll be liability certainty as they enter back in and i agree with him, this doesnt matter whether youre talking about offshore oil production, offshore energy production, whether youre talking about working aware house or even our schools, some certainty that youre not opening yourself up to liability bonanza by opening back up. Maria well, i mean, while you and your colleagues are trying to put this back together, you anarchists out there trying to take apart, again, destroying infrastructure and and destroying statutes, House Republican leader Kevin Mccarthy introducing a new bill that would protect monuments and statutes from having vandalized. This bill would withhold federal aid. Congressman, what do you think about this . Would you vote for this proposal . You know, i will tell you this, the hard part is that we are generally talking about monuments to democrats who were the ones primarily responsible for all of the problems that todays democrats are complaining about. Look, why dont we we shouldnt forget our history at the same time where are the people who are talking about building new monuments, why are we just tearing down old monuments and almost reminds me of what taliban did in afghanistan around the time they came into power and blowing up buddhist statute. Why are we trying to destroy history . It doesnt make good sense. Maria yeah, you make a good point. Congressman, good to see you this morning, thanks so much. Good deal, thanks, maria. Maria congressman Michael Burgess joining us there. Attacking an officer and just walking away, what happened to one of the suspects in this weeks Brooklyn Bridge attack which was horrible, that is coming up next. Wait till you hear this. Then connection laws, we are taking a look at how pandemic is affecting couples for taking online space to speak to other people. Thats coming up. Hike 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, growing violence in new york city and against new York City Police officers, a suspect now in custody for allegedly attacking an nypd officer with a cane during protest on the Brooklyn Bridge. You can see the person swinging his cane. This comes as a 25yearold man accused of punching an nypd chief during same protest has been released without bail. Number of shootings is up 210 year over year, june and july period. Joseph pinion, your take on this as we have been, you know, railing against this new bail reform law, but this protest yesterday where there was obvious wrongdoing, where there was violence, this person goes to jail because theres no bail, hes let right out back on the street. Well, look, i think its important for us to yeah, absolutely. Its important for us to remember that this march towards lawlessness always begins with righteous outrage and so it was righteous outrage from the fact that was held for 1 years for backpack theft that never occurred and somehow out of that we decide today let rapists and murderers out of jail for reasons passing understanding and it was righteous outrage after killing of george floyd that left people being completely deplored by the behavior that a man can lose his life with a knee in his neck for over 8 minutes and somehow we would pivot from there to allow people to assault Law Enforcement, we have to have Law Enforcement, there has to be trust and there has to be faith and relationship between Law Enforcement and the community and there can be no trust where theres fear and so when Law Enforcement is afraid to go and do their job or afraid to intervene, theres no progress there and certainly no help for black people. Its important for us to focus on the fact that people have been leading us down the wrong path on many of these issues even if they believe its for the wrong reason and the aftermath is pain and suffering for those who depend on Law Enforcement and justice the most. Maria and that is what has been pain and suffering for th