Markets this morning are lower. Mixed picture at the start of trading, dow industrials down 68 points. Nasdaq up 30 and the markets were able to cut losses almost by half. Dow, s p 500 are on track for winning week despite 140 points lower for the white house. Battle for the white house goes prime time. Biden breaking down the election as scranton versus park avenue. Power panel hour. Cohost of the 5, Juan Williams is here and joe concha to tackle what is going on and backlash of facebook spying on instagram users tapping into your phone camera. Mornings with maria is live right now. Global markets this morning look like this. European indices are mix. Cac lower by 15. We did get positive news on the brexit front. European Commission President saying shes convinced a deal is possible following a round of informal talks in europe. Take a look at indices. You will see the shanghai composite was up better than 2 . Some op the top stories that we are watching this morning. President trump rallying voters in wisconsin as joe biden filled softball questions in first time town hall since accepting the nomination. Main topic is the pandemic. Had the president done his job from the beginning all the people would still be alive. All the people im not making this up. Just look at the data. Maria President Trump hosted thousands of supportsers in the battleground state of wisconsin last night. It was clear he was watching bidens town hall on air force one. Biden wants to surrender our country to violent leftwing mob. If biden wins the rioters, arsonists, they win, hes up there getting softball questions from anderson cooper. They dont ask me questions like that. Maria the president also telling the crowd that he remains optimistic that a working vaccine is close to reality. Both candidates are headed to minnesota later today. President trump is expected to make a decision on tiktoks faith in the United States in the next day or two in the latest plan oracle and walmart along with existing person investors will take ownership of tiktoks operation, doug mcmilan getting a seat on the board as well. Tiktok to file for initial Public Offering in the next 12 months. President trump and the chinese federal government still need to sign off on a final deal. Massive manhunt underway this morning in arizona for the suspect attack in state trooper in phoenix. The trooper was sitting in his cruiser when a car pulled up. The passenger got out and opened fire with ak47. A 17yearold is behind bars, alleged accomplice on the run last seen on vehicle, silver 2013 infinity. Investors are waiting on a potential stimulus and pandemic, of course, the pandemic also a factor. Futures this morning are mixed, dow industrials down 60 points. Nasdaq up 33 and s p 500 down one point. The major averages closing off of the lows yesterday. The s p and nasdaq in the red for second straight day. Joining me right now cfra chief investment offer sam stovall, joining the conversation fox business dagen mcdowell, Editorial Page EditorJames Freeman, republican strategist and pinion founder joseph pinion. Sam, let me kick it off with you, lets talk about the earnings picture. What youre expecting for the second half of the year, sam. Sam it would beless than what we isnt that true the second quarter. Right now all 11 sectors are expected to post year on year declines but the s p should be down 26 in operates results as compared to more than 30 short fall in the prior quarter. All right, so in terms of growth, are you saying youre expecting a snapback in growth in the Third Quarter or are you saying we will still see a negative contraction for the Third Quarter . Well, every quarter in 2020 is expected to show a year on year decline in excess of 10 if the full year is 20 , its 2021 when we are looking across the valley and looking for about a 26 year on year increase for s p 500 along with 45 gain with developed International Stocks and 35 gain for emerging markets. Next year is the year that we will see improvements whereas this year is a lessoning on the year on year declines. Sure, sure. As states open up things get better and better but youre still talking about a pretty sharp contraction that we saw on the second quarter. James freeman, jump in here. James thanks, im wondering how you look for another of stimulus. As a taxpayer im hoping there wont be one but does seem like a fair amount of investors are waiting for that to, i guess, believe shoveling money will drive stock prices high, can you tell us how that works . Sure. Investors are saying we need to see improvement in overall economy. We need to have the fed to be supportive and it wouldnt hurt if the government actually did its part as well. So we are looking for both monetary and fiscal support. I really question whether theres going to be a meaningful deal that is introduced between now and election day because neither side wants to give the other an upperhand in terms of showing something to brag about. We will probably end up with a deal after the election but leading up to it very much a headline event. Maria does that impact growth, sam, how important is a stimulus package in your view to seeing better Growth Numbers in the economy . I think its more of a sentiment indicator. Something that will improve the confidence of the general public but i think the real benefit will come from the reopening of the states as well as the speed with which we do end up with a virus vaccine. I happened to believe that we are likely to see the vaccine in 2021 leaning a little bit toward the scientists indicating as to when its likely to be introduced and distributed on a broad basis. Maria joseph pinion jump in here. A lot of people are concerned that maybe in times of war austerity is not conservatism. Talk a little bit about the balancing act trying to have an infusion for main street and at the same time wanting to have the ability to have a leverage or a tool to infuse capital later on if so needed and then also kind of just opposing that with the rise in sovereign debt not just here in america but around the globe and how all of those things might be interconnected . Sam good morning, joe, good question. When you think of what is going on today, the government and the fed are doing the exact opposite as they should than when they did when they were trying to fight the great depression. In early 1920s, the government was trying to balance the budget and not go into the largest deficit that we have seen since world war ii. At the same time, the fed was looking to raise Interest Rates not bring rates to zero, not engage in additional quantitative easing to blow up its overall balance sheets, so i think from a fiscal and monetary perspective the fed and the government is doing what it should be doing. This is something that is unprecedented at least in those memories of the people who are alive today, so i believe that, you know, its something that we will have to continue to work with. When it comes to deficits, well, the market doesnt seem to be focusing on that right now. Equity investors are like nighttime drivers that only use low beams and we are only looking out 6 to 12 months. Deficit problems is something that we will look down the road in a few years. Maria the worry is not now while youve got rockbottom rates. Sam, good to see you this morning. Great the get your insight this is morning. Sam stovall joining us from cfra. 2020 in focus, former clinton adviser to the Clintons Mark Penn with both President Trump and joe biden heading to minnesota today. What investors are watching this morning and how you should be allocating your money, commerce secretary wilbur ross is here with breaking news on the tiktok deal. You dont want to miss that at 7 30, dont miss our power panel hour, join me, dagen, along with cohost Juan Williams and joe concha with hottest topicking making topics making headlines. Youre watching mornings with maria live on fox business. Needed to fall i needed your love im burning away i need never get old maria welcome back, election day is 46 days away. President trump and democratic nominee joe biden hitting the campaign trail last night. The president at a rally in wisconsin while biden appeared in his first prime town hall since accepting the nomination. Take a watch. We have 3 vaccines in final stage, clinical trials. We worked where the fda approved it really fast. Levels that nobody else could have achieved. I would like the see the governors enforce maskwearing period. I can do that on federal property and as president i would do that. Its about saving peoples lives maria biden and trump both heading to minnesota, joining me stagwell group, mark penn, what did you think of last nights prime Time Showdown . Mark i dont think it was much of a showdown yet. I think the town hall was rather mild and when it comes to rallies, the president likes to go on a bit. Maria were those questions for joe biden prepared . They just seemed mild to say the least . Mark yeah, they are mild. Im not sure if he was asked hard questions that would make much of the difference in the friendly the friendly settings. Itll be really interesting what happens when Chris Wallace can come out and, you know, wallace is quite a question asker compared to anderson cooper, but, look, people havent seen much of joe biden and any time he can kind of get out there and and, you know, state what he thinks he probably does himself some good and i think the president needed to get out on the rally trail because thats what he accelerates as trump speaker. They were probably in best environments but i dont think it was big night for the campaign one way or the other. Maria mark, look at the backdrop, you have the democrats not to open the economy, want to go keep this going, House Speaker nancy pelosi doubling down on call for 2. 2 trillion stimulus package. Its hard to see how we can go any lower, how is the stalemate impacting the American People and what do you see in terms of the backdrop here everything laced with politics to unrest in the country . Mark i think what happens with the facts here matters a lot more anything said, is the virus going down or not, the numbers so far in the last few weeks has been down. Is the economy going up or down, so far the economy has been improving. Those two background facts, very helpful to the president. I think that in terms of the of the stimulus, the problem solvers here really have come in and shaken everybody up by saying, hey, lets compromise in the middle. Finally, a group has come forward and said, lets be about the people rather than politics and i think thats a real Stunning Development here with less than 50 days to an election. Maria i want to talk about your oped, 7 keys to victory in president ial race in oped for the hill this week. Mark, go through those, what is influencing this years election from your standpoint . Mark well, i do think i do think likability and character, i think thats where biden has an edge, thats what his entire convention was about and the president has pretty low numbers when it comes to that. I think the economy clearly thats the president s strong suit even if hes behind in the polls 6 or 7, hes ahead 6 or 7 on the economy. Its a strong suit. I think the president was ahead but he receded back somewhat from that. I think that people see joe biden right now as better able surprisingly to handle civil unrest of a violence in social justice but those numbers particularly on the violence are closing, you know, pretty quickly and i do think theres some key demographic differences that we are seeing, the working class is staying with donald trump, the suburbs have so far sticking with democrats as they moved in the midterms. The interesting seniors going to biden and latinos going over to trump. So you have all of the unexpected reliances and i think you have to look at all of these factors to really figure out who is going to win, whats going on. Is it going to be about the virus which also has been the most important issue or is it going to be about the economy . Maria and is it going to be decided on Election Night . I mean, you saw what happened just in pennsylvania, they want to accept ballots 3 days after the election, mark . Mark i am worried about this. I dont understand how anyone cannot see that doing all of these mailin ballots when we are not really prepared, we dont have the kind of systems set up, its safe to come in person, this is going to be Election Night chaos. We all know that, you know, i think the country has to get together here. Maria well, we are going to talk about this coming up and the results of that Supreme Court decision. Dagen, jump in . Dagen mark, does it help joe biden at all to say last night that the president is responsible for every Single Person who has died from covid19 and then to continue both Kamala Harris and joe biden, to fo m. E. N. Foment uncertainty. It seems like recipe for disaster. You know what, if a vaccine comes out under trump i wouldnt take it but if im the president , then its aok and safe for you to take. That seems extremely dangerous and i think the American People when you spit in their face and tell them its raining, they really know the truth. [laughter]mark well, i dont think exaggerated attacks work for anybody. Its one of the frustrations i see when i see both candidates. Obviously donald trump isnt responsible for every day from the covid and theres concern about the vaccine. Most people, by the way, dont think theres going to be a vaccine until next year. Itll be a surprise if there is a vaccine certified, they will trust the fda. 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Claim your seventyfivedollar credit when you post your first job at indeed. Com promo if i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with xfinity mobile. Maria welcome back, a new controversy brewing over mailin voting, the pennsylvania Supreme Court rule to go extend the ballot deadline for the General Electric general election rather by 3 days, so if a ballot is received after election day as long as it was postmarked by november third it will be counted. James, some republicans are actually looking at this as a victory because the democrats wanted 7 days, they actually got 3 days decision, your reaction . James i guess 3 is better than 7 but our elections should be decided on Election Night. Thats the clean result you want. You dont want long periods of time when they see count need today prevail to engage shenanigans with ballot counting. You want a clean decision on Election Night. That should be the goal and unfortunately you have a lot of states who have decided they want Election Night to extend over weeks even months and they want our elections to be decided by litigation on a regular basis. I think that is poisonous for democracy. Maria which is why ag barr told me it opens the flood gates of fraud. Here is the title, oops, we found 1,066 ballots. Dagen its going to be a huge problem. When the democrats tell you, we always vote by mail, this is nothing new. That is simply not true. Its a lie. This year 21 of all voters are going to have ballots mailed directly to them because the direct mail balloting in places like california and nevada, you will have 57 and this is according to New York Times, absentee voting would be allowed with all with no excuse with 57 of voters. The New York Times called this a rapid and Seismic Shift in how we vote in the country and to think that the local election boards and county election offices are prepared for this mail whenever it might show up is just beyond incomprehensible to think that they are prepared. I will add the democrats across the country are messaging, hey, go out and vote in person, if youve been to a ive said this all along f youve been to super market or gone to buy some cigarettes an fill up your car wearing a mask you can go out and vote and youre hearing that more and more from democrats because if you in the new fox news poll choice for president is voting president. Mail in voters chose joe biden suggesting that a lot of mailin voters supporting biden. What does that tell you, the democrats ought to be worried about the mailin voting, snafus and how the ballots are counting. Maria james, oops, moment in new jersey, the state found more than 1500 ballots from julys primary. James yeah, this has been we have seen it in new york as well. Just to emphasize the point that dagen is making that this is not the normal process. Yes, we have long had absentee balloting where a person a specific person makes a request to make ballot and we are now seeing in a lot of states mailing of ballots unsolicited. This means since millions of people move every year a lot of the ballots are going to be going to people who no longer live there and who knows what happens to the ballot at that point and its re