Morning. Dow, nasdaq and s p scoring fourth straight month of gains. One of americas old retailers filing for bankruptcy. Lord taylor hit hard by the coronavirus pandemic. Surprising results of new study ahead. Mornings with maria is live right now. Dagen global action, european markets up across the board. The euro zone economy showing signs of some growth, purchase Managers Index there for july coming in at 51. 8. Anything over 50 shows growth. In asia overnight mostly higher, private survey of chinas Manufacturing Activity showing growth for july. Purchase manager index hitting 9year high. Gold shines, on a roll closing in on 2,000 an ounce. White house officials and democrats set to meet again today to discuss covid19 stimulus bill. Cheryl white house chief of staff mark meadows says we still have a long way to go and hes not optimistic about reaching a solution soon. Democrats want the extra 600 of Unemployment Benefits which ran out last week extended an republicans want to reduce the amount to 200. The nations Oldest Department store filed for bankruptcy yesterday. Taylor brands, parent pane of mens warehouse also filed for chapter 11. So far 40 retailers have filed this year. Violent weekend in chicago. At least 9 people are dead and at least 23 injured in shootings across the city. Youngest victim a 9yearold boy who was shot in the chest. Now to the latest on Tropical Storm isaias, bringing heavy rain and strong winds, floridas governor has issued a state of emergency in coastal communities. Isaisas expected to head to carolinas and turn north in the next 48 hours. The good news it did not become a hurricane. Dagen great news. Thank you so much, cheryl. Microsoft looking to buy tiktoks business after President Trump threatened to ban the popular chinese app over security concerns. Susan li. Susan 45 days for tiktok and microsoft to negotiate a deal according to reports after weekend of negotiations involving the white house and the two companies after President Trump said he was considering anything to ban the popular music app. Microsoft taking the unusual step to comment on takeover talk saying that following a conversation between microsoft ceo and President Trump microsoft is prepared to continue discussions to explore a purchase of tiktok in the u. S. Adding that they were aiming for september 15th to finalize the deal. Now thats a better outcome for tiktok and users in the u. S. Than other executive action that President Trump could have chosen and that included a breakup of the original deal that created tiktok in the first place or putting tiktok on the trade blacklist meaning no u. S. Company including microsoft could buy it. Listen to what secretary of state mike pompeo told maria on sunday morning futures. These Chinese Software companies doing business with the United States, whether its tiktok or wechat, countless more. As Peter Navarro said are feeding data directly to chinese party. Susan tiktok is one of the most popular apps on the planet. 100 million user in the u. S. , downloaded 2. 2 billion times. Others have concerns including india and australian reviewing it both democrats and republicans have asked for National Security reviews an if youre wondering why microsoft, it isnt focus. Price tag in tens of billions. Tiktok was last valued at 50 billion, i guess when theres a crisis who knows what the price would be. Dagen susan, great to see you particularly so early in the morning, susan li on the tiktok story. Joining us now author of the coming collapse of china and u. S. China tech war. Gordon chang, how do you think this plays out 45 days and counting . Gordon i think they will ask for more time, my guess. I dont know why they need that much time to put together a deal. You know, largely because all of this is phoning to be dope in the last 3 to 4 days anyway. Thats the way most deals get done. Dagen this wont be ban of tiktok operations by President Trump . Gordon appears to be off the table. President trump talked about it this weekend and looks like a lot of people prevailed on him to see if a deal can be done. Im not sure that 45 days is the time period. Dagen i understand the threat of china but i know last week that the heads of the Major Technology companies other than microsoft were on capitol hill and the Central Point of discussion was these Large Companies we need more competition which tiktok ownership is chinese and we need more competition and basely set up where other panes can come in and compete even on a smaller scale and now you have one to have largest Technology Companies in the u. S. And the world snapping up what is one of the legitimate competitors to these large Technology Companies. Gordon well, in an ideal world, dagen, youd have a standalone tiktok owned by an American Company that is not microsoft, but microsoft also would be competition or additional competition for the companies that you just mentioned that were in dc like facebook, so it might be a little game for competition but i recognize your concern. Dagen secretary of state mike pompeo telling Maria Bartiromo on sunday morning futures that the u. S. May ban other chinese apps. Maria what happened with tiktok, secretary . Here is what i hope that the American People would come to recognize, the Chinese Software companies doing business in the United States whether its tiktok or wechat, countless more. As pete navarro are feeding data directly to Chinese Communist party, factual recognition, could be information about the residents, phone numbers, who they are connected to, those are the issues that President Trump has made clear and will take action with respect to National Security risk presented by software connected to the Chinese Communist party. Dagen gordon, the secretary of state mentioned wechat, what other apps could be scrutinized next by the Trump Administration . Gordon i think all of the chinese apps owned by, for instance, ten cent which includes wechat but they have others. You know, it just seems to me that we are talking about almost every chinese app and the reason, dagen, is because american apps are not allowed in china so the issue chinese apps in trust. Its not just a question of bad behavior that the secretary of state mentioned. Its just also a question of basic fairness and reciprocity and that would mean every chinese app. India actually went to a pretty big extent banning 59 chinese apps or thinking of another 258, this is the direction that we should be going as well because this is just reciprocity. Dagen i think the message is clear that this isnt just about tiktok but what kind of chill potentially does this send through corporate world, the Business Community because how does china and the communist party there react because again, so Many American businesses do business there. We still import a great deal of our products from china even food, so how does this play out in the coming months as the economy is just trying to get back on its feet globally . Gordon well, of course, theres going to be tension but, you know, the relationship between china and the u. S. Just has been unbalanced and unfair and President Trump is doing something about it which is really important so, for instance, if youre the owner of waymo, youre going to be pretty upset but if youre General Motors youre worried about retaliation for what we may do with may mow, so theres waymo and theres a lot of things that can ripple through but its important that we do this because the relationship is fundamentally unfair to the u. S. And resulting in wounds to the u. S. Because china has been using position to steal information, surveil and to manipulate u. S. Users, a whole bunch of things that are completely unacceptable. Dagen shouldnt this have been addressed in the trade deal . Gordon the trade deal was broken into two phases because this is a very difficult issue and it wasnt going to be resolved. Dagen why do a deal in the first place, gordon . If our National Security is at risk, why broker a deal with them . This should very paramount. Im just raising the question. Gordon i dont think there should have been a phase 1 deal anyway. I agree with you on that point but there are all sorts of issues. Its not just these. Its a question of staid subsidies in china and predatory policies that apply to u. S. Companies there including policies that result in taking of information and source code, so, yeah, a whole bunch of things that should have been dealt with and as i said, i think the best thing to do is for the u. S. To cut its ties with china for a number of Different Reasons because we tried to do this for 3 decades now and we have been completely unsuccessful in obtaining reciprocal, fair trading relationships. Dagen i just wonder we are running annual deficits, 5 trillion, we have so money somewhere and some of the lending comes from china and i wonder how that plays out in next coming years, gordon chang, take care of yourself. Here is your morning mover, everybody. American petroleum selling to 7eleven in all cash deal. Largest Energy Related deal of the year, a year after marathon close activist pressure, marathon shares jumping more than 10 on the news. Look at it go premarket up more than 13 . We are just Getting Started this morning, coming up twitter fallout, latest 3 people are indicted in connection with the massive digital attacks. At 7 00 a. M. Eastern word on wall street. Latest on what investors are watching this morning and florida congressman greg stoube joining us and 8 00 oclock hour tennessee senator Marsha Blackburn to discuss china threat and andy puzder talking about the stimulus battle and impact on businesses and the difficulty hiring that they are having. And much more ahead, first, earning season rolling on, big names like disney and uber out with Quarterly Results this week. We take a look. Jobs report on friday. Youre watching mornings with maria live on fox business. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Dagen futures are searching for direction as we kick off new trading month. Investors focusing their attention to washington and the economy. Lawmakers at a standstill over latest coronavirus aid package. The august recess just days away. Joining me now federated hermes strategist linda and all morning long pollster and maslansky partners president lee carter, former president ial candidate, Arkansas Governor Mike Huckabee and Mitch Roschelle. Linda, lets kick it off with you, is the market counting on some stimulus to happen . Oh, the market is expecting a stimulus to happen and, you know, its unfortunate we are in an Election Year and they have to do this back and forth but i think theres every expectation that they wont go in august recess without something even if its a band aid. Dagen what do you expect then . Well, i think we are going to get the 1,200dollars just just as they did the last time but still dont know between this 200 to 600dollar per week extra bonus stimulus. Thats the one i think that they are going to really be debating back and forth and probably somewhere in between. Im guessing in the 400s but theyll come up with something. Dagen Mitch Roschelle, jump in here. Mitch yeah, i think its going to be a challenge and the thing of additional weekly benefit is the republican proposal pushes on the states if they go with the 70 of what used to be making option and the thing i fear quite honestly the states having hard time paying benefits in the first police and can the system work. Linda, youre yeah, july 31st have passed and expecting a check. I would think they would do a quick band aid now and we should really hear something this week about it. Dagen indeed, we knew for months it would expire in the end of july and another report of earnings including disney and uber, what are your expectations there. Whats driving market massive amount of stimulus particularly from the Federal Reserve . Well, its absolutely the massive amount of stimulus and also hope and expectation that we make our way through. Im seeing more information that suggests we may have peaked out in some virus figures and we can see numbers plummet and if that occurs that would leave relative ly market and reason to keep moving up but we are kind of high end and we are expecting pullback as many are. Dagen linda, great to see you, be sure to tun to fox business, maria will be bringing the opening bell at the New York Stock Exchange celebrating 25 years since she made her debut on the floor at the nysc. You dont want to miss that most indeed. Coming up china undermining american democracy. The warning from secretary of state mike pompeo, plus relationship red flags. Potential signs that the right one might be wrong. Youre watching mornings with maria live on fox business. Wow. Ok thats 15 on top of what geico could already save you. So what are you waiting for . Idina menzel to sing your own theme song . Tara, tara, look at her go with a fresh cup of joe. Gettin down to work early following her dreams into taxidermy oh, its. Tax attorney. I read that wrong, oh yeeaaaah geico. Save an extra 15 percent when you switch by october 7th. Give it up for tara introducing the new sleep number 360 smart bed. When you switch by october 7th. Now temperature balancing, so you can sleep better together. Can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. Can it help with snoring . Ive never heard snoring. Exactly. No problem. And done. Will it help me keep up with mom . Youve got this. So you can really promise better sleep . Not promise. Prove. And now, no interest until january 2023 on all smart beds. Only for a limited time. Dagen growing threat from china. Maria bartiromo speaking with secretary of state mike pompeo on sunday morning futures about the risk ahead of the november election. Dagen i want to ask you about fbi director Christopher Wray and he warned about chinas increase capability to interfere in u. S. Elections saying that china has developed an ability to interfere with local elections and target members of congress to influence china policy, what can you tell us . The Chinese Communist party, you saw this with our closure of consulate in houston is running espionage operations inside the United States and attempting deep influence targeting of American Business leaders, of american congresswoman of city council members, we saw that happen to state senator in wisconsin. This is a deep effort to conduct influence operations to undermine american democracy and put our nation at risk. Dagen governor, your reaction to that . Governor about time that somebody in this election is worried and its about power in the world and what the secretary pointed out that our greatest threat is china not only in ways they have cheated but abused trade practices but when people talk about russian interference, lets wake up, you know, and smell the general chow chicken here. Something is really going wrong with the chinese interference and im very concerned that too Many Democrats and people in the media are worried about what the president tweets and they dont understand that if joe biden were to be elected president hunter biden would probably be the ambassador to china and we might as well as write them a check and be done with that. Dagen governor i cant imagine that hunter biden would be ambassador to china, youre joking, right . Unofficial ambassador. The point im making, though, dagen, is joe biden will look the other way for china and he would allow family members to make a lot of money with china. Thats not the way you build a strong relationship that you push back and you say we are not going tolerate the kind of activity that is the chinese have been playing. Dagen lee, this is what you do for a living, what do americans feel and think about china, the threat of china, where do they fall on that regardless of political affiliation . Lee so this is one area that republicans and democrats agree on which is a very, very few. Two and three americans are very concerned about the world that china is playing right now. They are worried about trade relationship, they are very worried about the security issues, they are very worried about intellectual property and they are very worried about their own jobs so this issue is front and center and look at polling on who they think is going to be better at dealing with china. Its really head to head and for a long time President Trump did lead on china and hes not right now, so i think there needs to be a real heavy hand here and very clear articulation from both biden and trump on exactly what the difference is and