Done indoors not wearing a salon the salon owner now getting Death Threats. Futures showing slight losses. Down about 1 . Its been incredible run for stocks. Hopes of a vaccine arriving as soon as november fueling rally yesterday leading to another round of records for the nasdaq and s p 500. The dow closing above 29,000 for the First Time Since february. And crack open a can for your furry friend, busch beer out with a dog brew. Mornings with maria live right now. Dagen checking futures in stocks in europe, its green across the board, gains in england, france and germany. France announcing 118 billion stimulus package including investment in green energy, job support and tax cuts. In asia overnight markets were mixed, kospi and south korea and nikkei in japan gaining on this thursday. Same story on wednesday in the markets. Joe biden heading to kenosha, wisconsin, first visit to the state in nearly 2 years. Cheryl casone has more in your headlines, good morning, cheryl. Cheryl thats right, good morning, dagen. Democratic nominee is looking to give message of unity and meeting with family of jacob blake and Law Enforcement. Ive gotten advice from sitting members of the congress and senate that i should go and im not going to do other than meet with Community Leaders as well as Business People and other folks of Law Enforcement. Cheryl biden taking question from the media in more than a month slamming President Trump for handling of the covid19 pandemic and use of twitter. The president is heading to pennsylvania today after meeting with world war ii veterans in North Carolina yesterday. Fox news poll showing joe biden ahead in the race for the white house in 3 key states that President Trump won in 2016, biden leading by 9 points among likely voters in arizona, 4 points in North Carolina and 8 points in wisconsin. Bidens advantage coming from strong support among women and suburban voters. Record amount of red ink, u. S. Debt to top the size of economy next year for the First Time Since world war ii. Nonpartisan Congressional Budget Office estimates that will hit 3. 3 trillion, the fact that covid19 and supporting is struggling the u. S. Economy. Well, get ready, center for Disease Control and prevents are reportedly telling states a Coronavirus Vaccine could be here november 1st, days before the 2020 election. The vaccine would be given to Health Care Workers first. More than 85,000 people have tied from the coronavirus in the United States. Well, covid19 forcing more large u. S. Employers to cut costs. United airlines to furlough 15,000 workers. Amtrak is going to furlough more than 2,000 of workers amid falling travel demand. Those are your headlines, dagen. Back over to you. Dagen cheryl, thank you so much. Futures are down ahead of start of trading, dow futures down 38 points but the dow did close above 29,000 yesterday since the february and s p and nasdaq again closing at all time highs, joining the conversation fox news political analyst caldwell and michael lee. Mike, lets start with the markets and with this incredible run. We are expected to see the job market continues to improve although at a slower pace. Are you concerned like what are some potential hurdles that could get in the way of record run in the markets . Dagen, i think its its just its a price problem now so the markets are really high. We are at alltime highs for the pe multiple for s p 500. I would say thats somewhat justified and you essentially have a fed and treasury backstop on the majority of corporate debt in the s p 500 so that takes a lot of risk off the equation and when you look of the fact of 10year, 60, 70 basis points and you compare with 5 plus percent yield and on top you the economy much more positive than wildest of expectations, we are at a point where sales were up, same store Department Sales are up year over year. The comeback is nothing short of remarkable and the expectation for the pace of recovery to slow down much growth and Earnings Growth to slow down much more and you have a situation like a zoom, come off and blow the stocks off. I think these continual surprises to the upside will continue to push the market higher. Expect anticipations are relatively low. Dagen we were looking at 10year, incredibly low still, but we had the news from the Congressional Budget Office that the u. S. Debt is set to exceed the size of the economy next year for the First Time Since world war ii. Does that become a concern where you have even just the interest on the debt before the pandemic, mike, was going to swamp every year what we spend on our defense, our national security. At what point does this become a drag not only for our economy with the government sifening. Theres so much debt out there and you create two issues. The first is the large of the share the government is the slower the economy is going to grow. Instead of having 80 or 90 in the private sector pulling as the plow horse pulling the cart you add 70, 75 cents. If you think about it as investment its 85 cents working for you and you have 75 cents and when you have this much federal Government Debt out there and this much money in the system its hard for money to multiply quicker, so its not the amount of money in the system but its speed and velocity that grinds to a halt and what this does it doesnt necessarily create inflation but it stops the economy from growing faster, so youve seen this in japan and what we are seeing right now is the japanification of our country. Would you want to be anywhere in the same room as them . I wouldnt. Their longterm projections are wildly off. Shortterm projections are wildly off and a lot can change. If we were to bring back a maximum amount of manufacturing from overseas and create high output jobs in the u. S. And we spent a lot of Government Resources to do that, we would see dramatic return on investment and you need to see an underlying change to the u. S. Economy to to address this problem. Dagen i wouldnt you said ask me if i wanted to be in the same room with cbo prognosticators. Unemployment rate following and weekly jobless claims comes out in the 8 00 a. M. Hour, 950,000 claims. What do you make of the shape of the market, it seems that the improvement is slowing . Absolutely. Weve had a vshaped recovery in coincident and economic indicators, however, the labor market is clearly struggling. Im not sure its really v shaped the way we have seen, for example, retail sales, resail sales are actually in july alltime record highs especially that millions of people still being unemployed. The labor market is still the lagger in the market for sure. Dagen any other warning signs that you have seen that will get in the way of the markets run . I think its mostly anecdotal and news that airlines and hotels and some of the other Service Industries are already looking at at cutting back on hiring back some of their people and some Companies Like the Airlines Area are talking about furloughing thousands of people so the anecdotal evidence suggest that is the labor market is still a problem. Dagen i was going to mention that united is planning to cut 16,370 staff as part of the efforts on top of american announcement thats cutting 19,000 jobs. Ed, thank you so much for being here. More time next time. Be sure of that. Be sure to join us tomorrow starting at 8 00 a. M. For all hands on coverage of the august jobs report and here is a look at your morning mover. Novavaxx, study appearing in new england journal of medicine, vaccine induced immune responses was generally safe in people 18 to 59 years of age. The stock is up nearly 5 about 5 ahead of the open. We are just Getting Started this morning, coming up gordon chang is here talking about the china threat. Johnson Hopkins School of Public Health with the latest on covid19 and the rush for a vaccine. At 7 30 a. M. Eastern congressman tom reed and josh are here to discuss President Trump and joe biden on the campaign trail plus the latest on stimulus. In the 8 00 oclock hour pennsylvania senator pat toomey on who is leading in the polls, 8 00 a. M. Donald trump, jr. Joins talk about unrest in america and race for the white house. And we take a look at sports stars turning to trading in covid19 down time, youre watching mornings with maria live on fox business. The thing thats greatest threat of the United States of america emanates from the Chinese Communist party. Its not frankly a close call. Dagen secretary of state mike pompeo on fox news last night after announcing new restrictions on chinese diplomats. An approval for cultural events for more than 50 people outside of embassy. China saying overnight it would make legitimate responses to the new restrictions. Joining us author of coming collapse of china and the u. S. China trade war, gordon chang, gordon, what do you think of the upgraded deinstructions and the height in tensions . Gordon these restrictions are absolutely necessary. We are imposing restrictions on chinese diplomats that the chinese imposes on american diplomats in china. This is reciprocal. Anything to say about this, the question is why did we take so long. We had a lot of tolerant policy over the course of decades and im glad that secretary pompeo is evening out the score. Dagen does it lead to even greater tensions between the two nations . Gordon it could very well do so but we have no choice. We have encouraged china to loosen restrictions on americans to no avail. This is the only thing that we could do. Regardless if it increases tensions or not, this is the right move. Dagen india banning 118 chinese apps as tensions rise between two countries and escalating border dispute going on for months. Gordon, what does the ban mean for relations between india and china . Gordon well, china is really upset about this because now there are 177 chinese mobile apps banned when you add the 59 that were prohibited in june. This is something that is actually hurting china quite a lot, so, for instance, tiktok is banned in india. That was part of a june restrictions. And china understands this, but we have seen some very resalute measures on the part of india in terms of business relations with china and we americans and countries around the world could learn a lot about indias resolve. Dagen what does this signal with indias resolve with the rest of the world along the United States willing to link arms with one another to take on chinas aggression . Gordon well, we are doing that. India has the culture of not allying with any other country and so, you know, theres been talk in the state department of, for instance, a formal quad relationship like nato, that would be india and the United States, japan and australia. Im not so sure that new delhi will do that but the point is we are working closely with india across the board and thats a very good thing because india is a country that china is afraid of. Dagen speaking of fear, the pentagon says china is aiming to double the size of nuclear arsenal. Tell us about chinas fast modernization and development of the military, gordon . Gordon well, china is clearly going to double its number of war heads as the pentagon reports says. There are suspicions that china has been testing devises in modernization drive. Basely its building a military to defend itself and what china is trying to do is build forces that would allow it to break apart its neighbors as is currently trying to do and that really means that we are seeing countries on china starting to Work Together and although china is building this big military and thats frightening. China cant really win the race because its races against everybody else. Dagen gordon, great to see you this morning as always gordon change. Healthcare haircare controversy and said she was set up by salon owner, weve got the scoop i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old im a delivery Operations Manager in san diego, california. Weve had a ton of obstacles in finding ways to be more sustainable for a big company. We were one of the first stations to pilot a fleet of zero emissions electric vehicles. The amazon vans have a decal that says, shipment zero. Were striving to deliver a package with zero emissions in to the air. I feel really proud of the impact that has on the environment. But were always striving to be better. I love being outdoors, running in nature. We have two daughters. I want to do everything i can to protect the environment to make sure they see the same beauty ive seen in nature. My goal is to lead projects that affect the world. I know that to be great requires hard work. My so youre a smallrojects thatbor a big one. Rld. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. When they said we are able to accommodate people one person at a time and that we can set up that time, i trusted that. As it turns out it was a setup so i take responsibility for falling for a setup. Dagen House Speaker nancy pelosi yesterday also demanding an apology for what shes calling that setup after a video showed her having her hair done inside a San Francisco salon, not wearing a mask. Salon owner erika denying the accusation on Tucker Carlson. Theres no way i could have set that up and ive had a camera system in there for 5 years. I mean, i didnt go in there and turn cameras on as soon as she walked in and set her up. So thats absolutely false. Dagen San Francisco allows salon owners one person at a time inside. A lawyer for the stylist says he was given approval from the salon owner for the appointment. Gianno, theres editorial after editorial, tweet after tweet about Nancy Pelosis response about the hypocrisy, about her privilege, about her willfull blindness of owners. It is do as i do and do as i do. Governor cuomo walking in the streets with no mask on. Bill de blasio, the mayor of new york doing something similar. At this point its very obvious and im in london right now where people have said in the states why are they locking things down like they have been, its clearly to them at least political to ensure that President Trump loses the election. We have seen this. Now weve got our leader who is the speaker of the house who is not acting appropriately and there should be criticisms across the board because there are Business Owners who are hurting because businesses have been shut down for months and rioting and nobody wants to go in streets of chicago because they are being murdered in the streets of chicago. People vote them out of office, vote them out of the majority. Dagen let me write the script for nancy pelosi, she got caught. Here is a good response, i should have been wearing a mask. I know that i preach to the American People and say that donald trump is trying to kill people because of the issue of masks, i should have been wearing a mask, i should have followed the rules and regulations of the very city and n which i live. I apologize, i will make this better. Im going tip the stylist 500 bucks, thats a response that actually would have won hearts and mind but instead shes doubling down on her entitle entitlement. Mike dagen, this gives you a window of how many in power view many of the requirements and many of the people in america. Look, you give a man a hammer and all he sees is nails. The lockdown wills go down as the worst policy decision in the history of our country. This is just absolutely terrible and if nancy pelosi generally thought you had to wear a mask or social distancing or keeping the businesses closed, saving lives, shes right in the demographic where covid is supposedly the most the most deadly, so it just goes to show you how much of this is full of fluff and exactly how little she feels about everyone else in this country. Dagen right. Mike the height of hypocrisy and for her to say is just a setup is just insane. So i dont its its almost beyond belief but should be expected of most politicians in charge today. Dagen here is what i tweeted this morning, i retweeted the wall street journal editorial on this. As a child of two small Business Owners growing up in the very rural south, i have known my entire life when the politicians talk about Small Businesses are the heart of america, they really dont give a flying flip about shop owners, small Business Owners and their workers. Their mouths only function as offspring of rhetorical sewage, thats where we are in this nation. Wow. Dagen i got a wow from gianno excited for you to be here. Potential treatment for covid patients, we discuss it with dr. Marty makary and robinhood on the hot seat, popular app under investigation now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with