Markets finished near session high, momentum continues, yesterday renewed talks between top lawmakers sent dow 222 points. House Speaker Nancy Pelosi ruling out bailout for the Airline Industry. Mostly higher. The storm restrengthening overnight as it can become category 3 before making landfall in the gulf coast. The ballot debate. Biggest worry voters had this morning. And the winner of the 2020 nobel peace prized announce an hour ago, awarded to un president , donald trump was one of the nominees. Mornings with maria begins right now. European markets also higher, take a look, the cac quarante up 21. Dax index is lower, down a point. Mixed story in asia, best performer china after being closed for 3dayday. Top stories that we are watching this morning. President trump says hes feeling great and might return to the campaign trail as early as tomorrow. The president telling me he may hold a rally in florida if he gets the all clear from doctors, hes expected to take another covid test later today. Meanwhile the commission on president ial debates not backing down from plans to change the next president ial debate through a virtual event. Yesterday as you heard on this program the president said the decision is laughable. No, im not going to waste my time only a virtual debate, you sit behind a computer and do virtual debates, thats ridiculous. Maria joe bidens Campaign Says it will host a town hall in philadelphia on the same day of the debate would have been. Top lawmakers go back to negotiation table meanwhile to discuss a sweeping Coronavirus Relief package days after President Trump called out formal talks, both sides remain apart saying no decision will be made before election day. Democrats pushing for 2. 2 trillion version and republicans with a slimdown version. Speaker nancy pelosi said theyll be no solo aid package for the sector unless a larger one is reached upon. If the ruling stands, all ballots must be received by the county clerk by 8 00 p. M. On election date despite when postmarked. Democrats to appeal that decision, President Trump won the state by less than 1 and current polls show biden with a slight lead this year. The fbi foiling a malacia plot to kidnap michigan governor whitmer. The group accused whitmer after having uncontrollable power after putting coronavirus restrictions. Momentum that wont quit, stocks finishing up second straight higher yesterday and momentum continues with gain of 112 points from the dow yesterday. U. S. Futures down 112. Yesterday we were up 122, stimulus hopes propel as democrats resume negotiations. House Speaker Nancy Pelosi says theyll be no aid solely for airlines unless it was part of a greater agreement or they could agree on a bigger agreement that would happen soon after. Joining me now etf trend tom, also joining the conversation this morning fox business Dagen Mcdowell and Founding PartnerMitch Roschelle. Great to see everybody this morning. Good morning. Tom, lets start with you, give us your take on the markets, whats fueling this drive . Tom seems to be more of the tame, maria, when you look at the broadbase rally that we are having, some of the small caps are kicking in but when you really look at what is driving it, its fang stocks, communication where the average investor and the average Small Businesses really embrace technology so the key thing when you look for momentum for the president towards the end of the month, these Technology Stocks are going to start reporting earnings and i think they will be better than expected. Maria yeah, we are waiting on earning season in general, the season kicks off next week, thirdquarter earnings are going to be starting with the banks in the upcoming week, banks like jp morgan, goldman sachs, bank of america reporting on the 1third. When you talk about banks you look at specifically Morgan Stanley, the acquisitions recently. They finished acquisition in etrade which is very telling and then just buying and we are seeing consolidation going on, a lot of pricing pressure in the the trading and bagging, lower fees, competition really among mutual funds where mutual funds to a great degree are bleeding assets as etfs are growing, we will see record etfs this year and more pressure on the banks and especially investment side in the business. Maria yeah. We will eventually see defaults come into the to the plan here but not quite yet this this earning season. Right now its all going to be on the Investment Banking side and that continues to look strong. Maria yeah, im glad that you mentioned Morgan Stanley, you know, for a while Morgan Stanley had the priority to grow assets under management, really emphasis the Wealth Management business, the bank acquiring ean vance, was does it tell you its going, offering steady fees and little capital to run on, you the Wealth Management part of the business being prioritized . Yeah, what we have seen as far as performance standpoint the mutual fund is under pressure because fees are lower and have been beating active management in the last ten years, its tough to acquire assets and what investors are doing and advisers are doing they are speaking with their feet and they are going to lower cost options and with basically free trading today theyve got to find areas to make money somewhere else and thats all about scale, scale is acquisition and expect more especially in the banking side. Yeah, i mean, youve got lots of deals happening, let me get mitch and dagen in here because theres also wall street journal story talking about 30 billiondollar deal, possible acquisition target for a d. Dagen, theyre using the stock market as currency . Dagen indeed, and the thinking also factors any what mightwith the election and you have a lot of back and forth over what would a Bidenharris Administration potentially would look like and what that would mean and should we get ahead of that potentially happening. You can see even more dealmaking pick up between election day and inauguration day. Nobody really knows what will happen but i think that theres a lot of concern about greater regulation, crackdowns, antitrust crackdowns under a democratic administration. Maria its a great point and, tom, you know, in that vein, look at what the democrats and what joe biden and Kamala Harris want to do with Capital Gains taxes. We see Capital Gains taxes go up into the 40 range you will see a major selloff by year end and people will take their profits before they get with the Capital Gains tax next year. Tom we did a web cast yesterday with over a thousand advisers, maria, and most advisers feel split as far as who is going to win but both feel markets will be up in the next 12 months. Youre absolutely right on taxes, Capital Gains taxes is a big concern for wall street. State taxes as well. We are in the lovely state of california, top tax rate is going to be up to 11. 8 , you cant avoid. Its part of the new rules we will be playing in, however, theres definitely profitability in certain areas, again, when you talk about technology, the fastest pace of group is right there. Maria absolutely. Thank you so much. Tom thanks, maria. Stock of chip maker soaring this morning after Advanced Micro Devices is in advanced talks to buy the company, the deal would be valued at more than 30 billion, shares of amd sliding on the news, we are just Getting Started this morning, coming up right here, stay with us, protecting american manufacturing. U. S. Commerce secretary wilbur ross will join me for an exclusive interview coming taking about the steps the Trump Administration is taking to ensure fair trade. Next hour california congressman david nunes to talk about the russia investigation and global propaganda trade from china. Rnc chair Ronna Mcdaniel joins us on the president hitting the campaign trail again and planning a weekend rally, first after the coronavirus diagnosis. Dont miss a moment of it, youre watching mornings with maria live on fox business. Were helping change the future of Heart Failure. Understanding how to talk to your doctor about Treatment Options is key. Today, we are redefining how we do things. 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Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Maria welcome back, President Trump holding the decision to hold next president ial debate virtually. The president broke the news since first interview after testing positive for coronavirus, watch. The commission on president ial debates announcing this morning that the second president ial debate will be virtual, youre saying youre not going to participate . No, im not going to waste my time on virtual debate. Thats not what debating is all about. You sit behind a computer and debate, thats ridiculous. Maria democratic nominee joe biden has scheduled a town hall in place of that debate next thursday. Joining me right now real clear politics philip wagman, will we see two debates before election day . I certainly hope we see more debates and we need something to write about to lead up to the election. We need to remember that this is not the first time that donald trump has walked away from the debate stage. Back in the republican primary there was a debate that he boycotted that he was not happy with the way that the moderators had put things together. He walked away. I think the key difference now, though, is that he needs to draw this contrast with joe biden this close to the election. He needs these contests to make up some of some of the room between them. Im not sure whats going to happen here, but i think that if youre the president ial commission on debates, you take the president at his word. Maria all right, so you think then is this a negative for the president to just not be involved, look what joe biden did. He scheduled a town hall in place of it. Yeah, the ironic thing of this is that joe biden seems to get what he wants, he can go have a town hall somewhere else on his own terms if a debate doesnt happen and the other thing thats interesting about these debates that we are having about debates is that they overshadow, you know, a key victory that the Trump Campaign was able to achieve during the Vice President ial debate which was that mike pence really pressed the issue to senator harris which is that the Biden Campaign continues to refuse to say whether or not they support packing the courts. We are not having that policy discussion which has very significant ramifications, instead we are sort of focusing on this squabble right here. Maria you know, i think you make a great point. How is it possible that joe biden keeps getting away with this, philip . Hes asked this question repeatedly and keeps answering the question, im not going to answer you because if i answer you its going to be the lead in every paper and its not going to include Everything Else i said. Well, what . And the reporters are allowing him to escape with that answer, its amazing to me. Theres clearly a double standard and i have seen the press hammer President Trump of not releasing Healthcare Plan or not being forthright on a number of different issues but when it comes to the Supreme Court or comes to this other branch of government, it seems like biden and harris can just say, well, we are not going to come down one way or another on this massively important issue, and we will call it a day. Maria and theyre also completely ignoring the latest on the origins of the russia probe. We are getting more and more information about what took place. I asked the president yesterday, take a listen. What comes next, mr. President. We can have all of the documents, unless john durham comes out with a report out indictments and bill barr comes out with some kind of a ruling here, do you think this is resinating on the American People. This is people should be intuited indicted and these are obama and biden, these are people that spied in my campaign and we have everything. Maria pretty incredible, philip, i reported a week ago that there will be no indictments before the election. Theyll be no john durham interim report either. Theres a debate within the doj about whether 25 days, 30 days out, its too close to the election, what do you think . Is this ever going to see accountability in terms of this theme to take him down . Well, i think that every time President Trump or Vice President pence hears question of peaceful transition of power, they clearly think they didnt have a peaceful transition of power because this is something that dogged them throughout entire first term. Theres fairness to that. I think that what we notice here is theres a little bit of simmering frustration underneath the surface, perhaps with attorney general barr and certainly durham for not moving more quickly but at this point, you know, we have the Mueller Investigation and i would think that in terms of transparency, at least as journalists, we would like to see as many documents as we can to we really fill in the details of this story that define the last four years. Maria absolutely. Its been plaguing this administration for this entire term. Philip, great to see you this morning, thank you so much for weighing in. Philip wagmann. When we come back we are zeroing in on ballot and how can become post election focus. Stay with us. So youre a small business, or a big one. 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. 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Dagen, every day i feel like we have another story of a mishaps on ballots. Dagen i will start with this rather than end with this, if you were able to go to a super market during shutdown you can go cast ballot, put on a mask and social distance, new york voting start at the end of october, you can go to polling places and vote. This is this is definitely going to happen. More than half a million ballots mailin ballots were rejected during primaries, 550,000 ballots rejected according to some reports and very often its something simple like a signature isnt, you know, doesnt match your signature on file or the outside of the ballot, the envelope isnt signed at all but nevertheless, peoples people deserve to have their votes counted and when you rely on mailin balloting, mailin voting like we never have before, a lot of votes will be not get counted and thats bad for the nation whether youre right, left or center. Maria it really is. Mitch, thats one thing that most people would like to see, a fair accounting of where we were. I want to see a fair election, thats why i was outraged by the, you know, by the plot to take down trump because you had people in power putting their finger on the scale. Lets just have a fair and square election but its up in the air with the mailin ballot situation. Mitch its up in the air because there could be ballots coming after election day in some of the states and jurisdictions. I think theres a market implication to this because we know theyll be uncertainty regarding the outcome of the election and i think its its inevitable that theyll be uncertainty, i think the extent of the uncertainty is what Market Makers h