Were looking at a sharp selloff for the nasdaq, down 271 points right now, the s p and nasdaq snapped a winning streak on friday. The markets are down across the board. Large labor day parties raising concerns about a coronavirus spike. Creating a futuristic Fan Experience at the u. S. Open. Watson using Artificial Intelligence to allow fan interaction, even with empty stands. Mornings with maria is live right now. Global markets this morning are under pressure, take a look at european indices, markets are under pressure as concerns grow over a no deal brexit. The cac is down 63 and the dax is lower by 108. Germany is showing signs of a slow recovery. Exports rising 4. 7 in the month of july, imports were up just over 1 . That was far below prepandemic levels. Checking asian markets this morning, take a look at what happened overnight, green across the board in asia, best performer as you can see japan, nikkei average up three quarters of a percent, same situation with the shanghai composite in china. Some of the top stories this morning, President Trump and joe biden clashing over a possible covid19 vaccine, the president demanding an apology from the democratic nominee after using what he calls antivaccine rhetoric. Under my leadership well produce a vaccine in record time. Biden and his very liberal running mate should immediately apologize for the reckless antivaccine rhetoric that they are talking right now. Its a political rest recognize, thats all rhetoric, thats all it is, just for politics. Maria the comments coming after joe biden said that he did not trust the president on a vaccine. One of the problems is when hes playing with politics, is he said so many things that arent true. Im worried if we do have a good vaccine, people will be reluctant to take it. Hes undermining comments. If i could have a vaccine tomorrow, id do it. If it costs me the election, it do it. Maria nearly 190,000 people n the United States have now died from covid19. Well, demonstrators in rochester, new york gathering for a sixth straight night. Theyre demanding justice for daniel prude. The protests ending peacefully with no arrests. Daniel prude died back in march. Video of the incident was released last week. Officers found prude naked in the streets, the officers placing a spit hood over his head designed to protect officers from saliva, then allegedly held him down for two minutes. Lets turn to the unrest in oregon. Members of the group the proud boys held a labor day rally in salem. Police arrested three people there after they were seen tackling a counter protesters. Wildfires are raging across Northern California this morning, gusty winds and dry conditions forcing pg e to cut power to more than 170,000 customers in Northern California. More than 2 million acres tbhurnd a recordbreaking season amid concerns that more devastating fires are on the way. This morning, crews will attempt to rescue more than 50 people trapped by the creek fire, the National Guard flying helicopters into the disaster zone overnight but the smoke was too heavy. Encouraging news in the battle against covid19, florida reporting the lowest number of new cases in a single day since june, thats just over 1800. The overall number could surge following the Labor Day Weekend, like it did after the 4th of july holiday. And for the first time, there are no northeastern states in the top 10 in covid cases per capita, according to Johns Hopkins university data, sunbelt states have the most cases right now. Wall street is looking for a rebound after a rough week last week, weak performing Technology Stocks driving within 25 points of a correction. Joining me right now is the head of investment strategy, hank smith. Also joining the conversation, Dagen Mcdowell and chair of the program of business and finance, Brian Brenberg. Great to see you. Great to be back with you, dagen, good morning, dagen and brian. Dagen great to see you. Brian good morning, great to see you. Maria let me kick it off with you, hank. We have a new round of stimulus hanging in the balance. The Congress Comes back this morning, the senate expected to take up a new bill this week as both signs remain deadlocked over key issues like the 300 unemployment package. Goldman sachs released a note saying its hopeful the bill will be passed by the end of september, although the price tag may be lower than the 2 trillion projected. Whats your take on all of this and the impact on markets . Im not sure we need the stimulus. You if you go back to late july, investors thought it was very important to continue with some form of ppp and the added paycheck benefits. But we didnt get that and it wasnt an issue for the market and we still have Tremendous Positive lyn linearity. We saw it in the jobs report last week. Ism Manufacturing Services are strong. So the economy is recovering and lets not forget, weve already had over 5 trillion in fiscal stimulus, not all thats been spent. And the extraordinary monetary stimulus thats going to be in place for a while, i mean, jay powell just said Interest Rates are going to remain low for several years. So these are the drivers for the market. And whether we get some added stimulus, i dont think is going to be critical for the economy or for the markets. Maria so you feel good about the backdrop. You talk about those jobs numbers that we saw on friday. Then theres the valuation story. Do you feel good about the growth expectations for the rest of the year before and after the election and what about tech and this dismantling of all of this huge rally that weve been watching, this entire year for tech . Sure. And thats probably overdue. Its been a one pai parabolic me up in tech, particularly in the fang complex, add a few initial theres for about seven stocks and that is unsustainable. So a pullback is healthy and this is not analogous to the late 90s where you had companies with no revenues, no earnings, just a story. Here you have real revenues, real earnings, real cash flow, and really strong fundamentals. But a pullback is in our view a healthy thing here. So were positive looking toward the end of this year but recognize theres going to be volatility. Maria yeah, i mean, volatility has been certainly with us and were not expecting any different but the level that these tech stocks have gotten to for so many was just not sustainable. Well see what happens now. Brian brenberg, jump in here. As Steven Mnuchin continues to say hes optimistic that we will see another stimulus, brian. Yeah, hank, Brian Brenberg here. Im not opt o optimistic. Im with you. I actually dont see a stimulus happening because i actually dont think democrats in the house want a stimulus to happen and i dont think theyre willing to compromise below that 2 trillion mark. Im with you. I dont think that the economy necessarily needs it. But i think that the election now after labor day is going to be weighing on investors much more. Theyre going to be considering the likelihood that you get a biden presidency with much more progressive policies. Tell me what that possibility means for investors over the next two months. Well, let me first state one of our rules of investing is dont let politics get in the way of investing. Having said that, though, i think the market would be very comfortable with a biden win combined with the republicans keeping the senate. And then a lot of those progressive policy talking points will not come to fruition. Now, if the democrats do a complete sweep, i think thats a different story. I do not think that is priced into the market right now and that could create some volatility as we get closer there. Maria because the policies are very different of. So you have to expect that if we were to see wall street start believing that the policies in place would be changed, that would certainly be marketmoving, right, hank . Absolutely. Look, the policies of this Current Administration have been excellent for the stock market. Theyve been excellent for the economy. You know, despite some of the trade policy and despite not being able to get immigration reform, tax reform, Regulatory Reform have been huge tailwinds for both the economy and for the market. Maria exactly. Hank, its good to see you this morning. Thanks so much. Of course, well be watching and well be joining you soon. Markets improving a bit, up 4 o0 points on the dow futures. Tesla, take a look at the stock, plunging better than 11 ahead of the open this morning, it is down 10 and a third percent. The automaker will not be included in the s p 500. Tesla shares are still up 400 so far this year. We are just Getting Started this morning. Quick break. When we come back, next up on mornings with maria, retired general jack keane is here weighing in on President Trumps promise to scale back u. S. Economic ties with china. We will get into it. Next hour ill be speaking with white house chief of staff mark meadows, discussing the future of the latest stimulus package. Youll want to hear what meadows has to say about all of that. In the 8 00 a. M. Hour we have mohammed elerian on markets. Dont miss a minute of it, live on fox business. Well be right back. Its such a good vibration. Our Retirement Plan with voya gives us confidence. Yeah, they help us with achievable steps along the way. So we can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Weve always put safety first. And we always will. For people. For the future. And there has never been a summer when its mattered more. Wherever you go, summer safely. Get 0 apr financing for up to five years on select models and exclusive lease offers. Maria cracking do you know on china, President Trump vowing economic retaliation against beijing over its expanding military and its role in the coronavirus pandemic. Watch. We will make america into the manufacturing super power of the world and well end our reliance on china once and for all. I dont want them building a military like theyre building right now. Theyre using our money to build it. If they cant do it here, then let them pay a big tax to build it somewhere else and send it into our country. Well prohibit federal contracts from companies that outsource to china and well hold china accountable for allowing the virus to spread around the world. Maria joining me right now to talk more about that is fox news senior strategic analyst, retired general jack keane. General, always a pleasure to see you. Thanks of so much for being here. Your reaction to all of this . You said this so many times on this program over and over again, that china has the Fastest Growing military and now we see the latest in terms of the navy and the president reacting. Yeah, absolutely. The idea of decoupling ourselves from the Chinese Communist party economically is actually a move in the right direction. I dont think we can completely decouple ourselves because our economies are so intertwined but clearly a focus on what we want to decouple, the pandemic heightened everyones concern about our of dependency on the pharmaceutical industry in china, its also dependency on the technology. The main thing the American People have to understand, when we have the United StatesCompany Involved in china in a joint venture with a Chinese Private company, if that technology that theyre manufacturing has any application whatsoever to the chinese military, because of the fusion of their Civil Society and their military society, that technology will be automatically passed to the military and that is what has got to stop because we are assisting them. Example, google is contributing to the development of advanced technology in Artificial Intelligence. Which is fused to the military as a result of it. And theyre using it to surveil their own people and control them and theyre also using it to develop advanced weapon systems based on that technology that we are helping to provide to Chinese Communist party. This is the stuff that has to stop. Maria yeah, i mean, that is so outrageous, general, and we know that google walked away from project may vein. This was maven. This was the project for the department of defense that googles employees bached about and they didnt want google working with the u. S. Government. Yet theyve got an a. I. Lab in beijing and doing what you just said. That is so out say just. The pentagon report last week said china is creating a world class military that can conduct joint on o operations across the globe. It should brighten people. Weve seen what china does with it. Theyve been bullying india. 20 o20 soldiers are dead. Bullying hong kong. What are the ramifications of this and what should the United States do about it . First of all, china is clearly on a president had to path to achieve world dominance. They want to change the International Order that existed for 70 plus years post world war ii to have influence that is more contributory to their national objectives. The yes, the military is a large part of that. The most rapid growing military in the world, largest army, navy, largest coast guard, largest rocket and missile formations in the world and the Largest Air Force in that region. All that said, we, when you get into the quality of our military in terms of our weapons and our people and our training and our performance and the fact that were battletested, we have a superior military to theirs but they want what we have. And listen, we know how to deal with this. We dealt with the soviet union in the same way. We have to organize ourselves in a coalition with our partners and allies and work and push against china. We can do this, maria. Maria yeah. I mean, i dont know that Corporate America has gotten the memo yet. So theres an issue there. Let me ask you about news this morning. One of the top stories in the journal, chinas new Data Security standards, beijings Foreign Ministry today calling on all countries to maintain an open supply chain for information and communications technology. Its been about a month since secretary of state mike pompeo revealed the Clean Network program which bans Chinese Telecom companies from internet infrastructure used by the u. S. And its allies. So general, now you see china pushing back, trying to divide this and using different standards. Which of these programs will be successful and should we be concerned that now china is telling countries dont listen to america and their Clean Network, were going to set the global standard for tech come and Technology Telecom and technology and the internet. This is going to be a combative situation. This is a knee jerk reaction, largely face saving on the part of the Chinese Communist party because of the aggressiveness of the United States and also likeminded countries are now resistinresistingresistinresist. These Technology Companies are conducting Cyber Espionage and the evidence is overwhelming, maria. Yes, theres going to be a confrontation over Technology Development and how that is secured as the countries go forward and it may have impact longterm on the internet. It remains to be seen. But we are taking the right stance to protect our technology and to protect our secrets and other likeminded countries are starting to do the same. Maria all right. General, well keep watching. Very important subject. Love to talk with you about it always. Thank, sir, general jack keane joining us this morning in washington. Well see you soon, jack. Thank you. Coming up, swing state showdown, President Trump and joe biden hitting the campaign trail. They hit it hard over the Labor Day Weekend. Were going to you there. Were looking at where voters stand in key battleground states, stay with us, thats next. The big events are back. Xfinity is your home for the return of live sports. Maria welcome back. Counting down to election day, President Trump and former Vice President biden have eight weeks to make their case to american voters. Were down to 56 days until the big day, the focus yesterday, the economy. Were currently witnessing the fastest labor Market Recovery from an economic crisis in history. World history. By contrast, biden presided over the worst, the weakest and the slowest economic recovery since the great depression. Biden and his very liberal running mate, the most liberal person in congress, by the way, not a Competent Person in my opinion, would destroy this country and would destroy this economy. President trump keeps talking about how great this economy is. How great the stock market is. It hadnt been so great for the