Components reporting this week including pfizer, mcdonalds, boeing, apple, exxon mobile and we also hear from facebook, google parent alphabet, we look ahead at what to expect. Turning into the market, futures pointing to higher open to kick off this week, 121 point gain on dow futures as gold shines hitting all time high closing at 2,000 an ounce as concerns debt, what about National Debt . Mornings with maria is live right now. Checking on Global Market action, in Europe Markets are mixed, slight losses in england and france at the moment. Blow to Tourism Industry. Uk putting spain in quarantine list due to coronavirus cases and other countries could follow. Markets mixed there. Hang seng and nikkei lower, china reporting june industrial profit surged 11 and a half percent. Keep in mind the numbers are put out did the communist party. Cheryl casone has more in your headlines, cheryl. Cheryl good morning. 1 trilliondollar package from republicans, more stimulus check, 1,200 with direct payments and reduce 70 , the bill not to extend 600dollar payment. The payroll tax not going to be in there. America and seattle officers clashing with protestors outside of Police Precinct one day after its damaged. Seattle Police Department releasing officer body cam video of attacks, nearly 60 officers injured during the protest on saturday, 47 people arrested. Meanwhile in portland protestors set and set off fireworks near courthouse and police used teargas to disperse crowds. One person was hurt. Well, more than 9300 cases, florida, now recording more than 420,000 cases. Closing in on california for the most cases in the nation. California remains in the top spot 445,000 cases, new york has more than 415,000 cases. Well, happening overnight, china has seized control of u. S. Consulate after american diplomats were forced to clear the premises. Yesterday moving vans left the area as crowds gathered to watch as American Flag was lowered from the building, the latest tensions between the u. S. And china come as just days after the chinese were forced to leave consulate in houston. The u. S. Claims that china used the texas facility to spy and steal data, charge that china still denies. Well, today is body of congressman john lewis will arrive in washington, d. C. , he will lie in state in Capitol Rotunda tonight and tomorrow. Lewis was given same honor yesterday. Horsedrawn carriage taking lewis at Edmund Pettus bridge for final crossing, what a hero. Those are your headlines, over to you. Dagen i bet you the bridge gets renamed, thank you so much, cheryl. Futures pointing big week ahead after stocks in the red last week, you can see the future gains there. Nasdaq down for the second week in a row, you can see the markets last week, also north of 1 on the nasdaq. Joining me now chief equity Market Strategist phil orlando and joining the conversation all morning long pollster and maslansky partners lee carter and moody partner john lonsky and Mitch Roschelle. Phil, lets kick it off with you, you saw the losses in tech stocks, do you think theres more to come with some of the Biggest Tech Companies . The stock markets had phenomenal gain, frankly, we have been expecting that there would be some consolidation and there would be a rally, if you would from economic sensitive names that have lagged here, so the fact that tech is pulling back here is not a concern at all. Theyve had a great run. Dagen Mitch Roschelle, have there been in laggers, the Commodity Index were up 25 since the end of march and the bloomberg barkleys index added 3 in the span, if the gains hold final week of july, this would be the first time that gauges rose that much in a fourmonth period, first time ever, so theres not including gold spiking to record hikes theres not much that hasnt gained with the massive amount of money that the Federal Reserve has been pumping in. Mitch yeah, thats what the market is responding to. To phils point i think the interesting thing is the size of the fang names is really whats driving the s p 500 and the rally isnt as broad as people would expect perhaps. My question to phil is if we continue to see the rotation away from some of those technology names, where does the money go . So since the bo testimony of the market on march 23rd, s p 500 have outperformed value stocks by like 37 which is just an enormous number, now, within the growth category weve liked tech and health care and as youre saying 5 or 6 fang names have driven rally in tech. We would like to see the rally broaden out. Health care ought to continue to do well based upon the progress that we are making with vaccines and antiviral drugs but we would like to see more economically sensitive stocks in categories like financial services, consumer discretionary, industrials, energy, we think these stocks need to find some love and frankly the Second Quarter earning season is coming in better than expected so maybe investors are ready to start to look sort of swift through the rubble and look through the stocks that are undervalued and this is going to fuel the second half rally. Dagen john lonsky, jump in here, took over the break over the summer, the size of the Balance Sheet paused, its been at 7 trillion in june since june, where do you think the fed comes in this week and can you expect more stimulus from the central bank . John you may get more stimulus as additional purchases. The u. S. Economy is not doing so poorly that the fed has to make much use of current credit support programs for corporations, Small Businesses, state and local governments, its incredible, you allude today this earlier, we right now are looking at the lowest Corporate Bond yields on record according to the bloomberg barkleys index, moodies has bond yield, lowest since 1955. Dagen that is incredible. We are less than 100 days until the election, theres unrest in democraticled cities across the country. You throw in china, the virus, you still see cases growing in certain states particularly the southern portion of the United States, whats your greatest fear or concern . Well, i dont know that theres any one greatest fear. I think youve had a couple of them. From a virus standpoint, second wave of surge that we have seen florida, california, and texas, mortalities have stayed relatively low, we would love to see second wave peak out and see vaccine development. Suppose none of that works out, thats one concern. The second concern is democrats run the table, that potentially introduces a fiscal policy regime change in terms of tax regulation and that sort of thing and im not sure the market has begun to price that in. I think thats the biggest risks. Dagen here is a little tip, the size of government has exploded because of this virus, we are running a 5 or 6 or even 7 trilliondollar deficit. The fed is monetizing is monitoring. It will only get bigger, regardless of who is in the white house, phil, we are in an area, new with era of ginormous those underwritings had been a little over 1 . The plan longterm, if the test underwritings continue to go well, you finance some or all of Monetary Policy at lower rate than what we have been financing the 20 plus trillion dollars of debt up until now. That could be one of the vehicle that is the treasure uses to try to keep this what the under control. Dagen good to see you, phil, thank you for the insight, phil orlando. Coming up next hour acting Customs Border protection mark morgan talks about ongoing violence in democrat led cities. In 8 00 a. M. Hour, Leland Miller weighing on rising tensions with china. And keeping safe in the summer, the new warning over the chemicals found in sunscreen, you dont want to miss any moment of it but former nypd lieutenant Darrin Porcher talks about curving the riots across the country. We are looking at the new trend of home schooling tods, youre watching mornings with maria live on fox business. Now is the time for a new bath from bath fitter. 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Absolutely, i will say that we are working very closely with the department of justice, the fbi as well as others and we will have additional actions as early as this week. We cannot let continue Police Officers targeted and injured night after night. Its important that your viewers understand whats going on in portland is violence every single night. Lets bring this to a peaceful conclusion. Dagen meantime oakland also hard hit over the weekend with protestors setting fire to the alamido courthouse late saturday night something that she has resisted, joining me now for nypd lieutenant Darrin Porcher, great to see you. What people cant understand is how do these mayors and the governors in the states standby and watch this happen whether its without the help of the feds or not. When you read the tealeaves its clear that the protests that become violent require sense of targeted enforcement, therefore as a result we need to have focus policing on agitators that are committing atrocities that are committing anarchy in the cities that are plagued by the violence demonstrations as a result. Dagen are these Police Forces capable of that and whats getting in the way of the targeted enforcement . I believe the departments are capable of creating moratorium on violence however its the elected officials that are receding the Police Presence at the demonstrations so as a result we see violence plaguing the communities. We need to have proactive and not reactive reaction in the city. Thats what we are doing. Closing the gate after the horses escapes. Dagen Andy Mccarthy who is a former u. S. Prosecutor, contributor fox news outlined this last week in oped he did on foxnews. Com. We need to make the distinction, the clear distinction about the role of federal officers in portland protecting federal property and assistance that people from federal Law Enforcement agencies are providing in a city like chicago, its very, very different. Absolutely, when we look at whats happening in portland, initially deployment of federal Law Enforcement was there for the protection of federal monuments and courthouses but when we look at operation in chicago its different. They are looking to decrease violence and begin violence in connection with whats happening in chicago, so in chicago its going to be more investigative and apprehension base where as we look at what is happening in portland for more protection mechanism so they are different in both places but the truth of the matter is we need that localized Law Enforcement to assist and coalesce behind the federal authorities to ensure that we can eradicate and create drop in violence and we havent seen it in connection with the localized Law Enforcement and the elected officials in places like portland and chicago. Dagen right, i think this is true that the protests that have turned into anarchy and violence and vandalism and its not peaceful protests, we see we can see with our own eyes and they dont just run out of oxygen and end which seem to be at least the early narrative that we are hearing from the mayors. Darrin, great to see you, Darrin Porcher. Thank you. 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Learn how to draw with a minions expert. How to build an indoor Obstacle Course plus. Whatever shes doing. And me, jade cattapreta. The host of es the soup camp tonsafun. Its like summer camp, but minus the poison ivy. Unless you own poison ivy. In which case, why . Just say summer camp into your xfinity voice remote to join. Dagen hours away from exact details of stimulus relief. It will carry a 1 trilliondollar price tag, thereabouts, lee, what do you make of this, is it too late because the democrats in the house passed Something Back in may trying to get ahead of this but got 3 and a half trillion dollar price tag on it . Lee its not too late but it has to happen now. Congress takes a break august 7th, last week we had the federal eviction rules expire. 7 31, four days from now we have Unemployment Insurance boost that everybody got and all of that expiring. They have to act now and they have to get it done and they have to make the case that this is better than anything else. The underlying issue here and what is at stake that most Americans Still give president and republicans the edge on the economy and a lot of their feelings on the economy right now is being listed by whats happening by the stimulus package. I think its really important that republicans get something passed and get it done. Dagen Mitch Roschelle in latest fox news poll that came out, i think it was more than a week ago, the the joe biden has an edge on President Trump with the economy now by 1 percentage point but thats a turnaround, so it kind of puts the ball in the Republicans Court on getting relief out. Mitch yeah, we need to do this in a way that does, in fact, continue to stimulate the economy without creating unintended consequences of the 600 because the 600 had unintended consequences of people making more money not working. The university of chicago did the study back in may that suggested that twothirds of americans would make less than money if they return to work and abandon the 600dollar weekly benefit and we need something that will actually continue to create incentives to get people to work as opposed to not work. Dagen john lonski, the republicans waited too long because the 600 in benefits this week, started disappearing over the weekend, people can talk about about going away, its actually going away for people and the republicans Mitch Mcconnell is talking about its going take weeks to negotiate this. John yes, a lot of people are going to miss that money and are depending upon it and people that need it because of preexisting conditions, asthma, diabetes, they really cant go out there and get a job without risking contracting the horrible disease, and what im especially worried about, however, the end to ability of household to differ mortgage payments, rent payments and what not, whether or not they are going to be able to reassume the payments, in addition, we have to see they will make mortgage payments, interest payments. Dagen the republicans in this based on reporting on the wall street journal, the republicans will seek to extend the federal ban which expired on friday with federallybacked mortgages, this is according to larry kudlow. Democrats proposed expanding ban on evictions while offering 175 billion in housing assistance, so they are trying to put that ban on evictions back in place, the republicans are. Coming up, keeping safe in summer, the new warning over chemicals found in sunscreen, plus change for chicken, one chickfila restaurant is trying to help fight the coin shortage. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. This moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you new clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Dagen welcome back, im Dagen Mcdowell in for Maria Bartiromo, its monday july 27th, lets take a look at where markets are. Its 6 31 eastern time. Futures are pointing to higher point, gold shining, hitting new alltime high closing in on 2,000 an ounce. Concerns growing over w