Transcripts For FBC Mornings With Maria Bartiromo 20240714

Hilsenrath. No, no. Never. Also on deck this morning fox news senior strategic analyst and retired four star general jack keane, at the bottom of the hour talking about iran, pesm congressman member of the house of judiciary commit yes and services committee, former toysrus, former vice chairman, gary on china and consumer, Fat Brands International chairman ed ramsey is here. Saturday night live alumni talking about eddy murphy, right now checking on futures this morning, losses slight on the dow futures down 7 points after major turnaround in the markets yesterday as cooler heads, calmer heads prevailing in the trade fight between United States and china yesterday. President trump softening his stance toward china after announcing new heightened tariffs on friday saying yesterday at g7 saying he sees a trade deal happening. China wants to mick a deal, now, whether we make a deal, has to be great deal for us you know, i tell this to president xi who i really respect, i said, look, youre starting up here and youre making 500 billiondollar a year and stealing our intellectual property, we are down in the floor, lower than the floor, 50 50, this has to be deal thats better for us, if its not better, lets not do business together. I raise and he raises, we have to catch up, we have to balance our trading relationship at least to an extent. They were unwilling to do that. Its going to happen. Dagen president said u. S. Representatives had two phone calls with chinese officials about restarting trade talks but China Foreign ministry say its not aware of any, did they call, did we talk on the phone, jon, what do you make of it . Jon the real problem for markets right now isnt the tariffs so much where thet itst all, its the uncertainty that whats going to be the cost of doing business a year or two year, 5 years, 10 years down the road. You know, if the president just said we are done talking, we tried, its over, we are will leave the tariffs in place and im done, i think the market would rally on that because at least executives would have cost of business doing forward. This back and forth and back and forth, you can see it on in the market every day, its not helpful for someone to plan out how to do business in the long run. Dagen its the nature of the presidency, its not something thats happening behind the scenes, again, you get a tweet that it was the tweet and then the declaration of china as a currency man nippulater in manipulator starting the beginning of the month and some of them delayed until december. The fact that these negotiations and these grenades are happening last weeks tweet about hereby looking for other places to do business, legal possibilities of Something Like that are in question. You would think that in a different environment you would think before putting it out there. Dagen i spent the weekend of reading about economic powers action of 1977. [laughter] thats where a lot of people were and things seemed to calm down saturday and sunday. How much more can the market take today even though its closed, a barrage of tweeting coming out, its had not come to the table before President Trump up the stakes,le and hes reallg the market through the ringer, but if it works strategically, all of a sudden they want a peaceful resolution to all of this, perhaps there was a method to the madness. Dagen voters are not voters are slightly different than investors and thats what President Trump and the campaign are focused on, the article, jon, in the wall street journal, i want to get your reaction that trump is gambling that the china trade war will pay off in 2020. If you look at the gallup polling from a short while ago, 62 , to 32 believe china has unfair trade practices. They see this as a winning issue, he cant just step away and do kind of a half deal, if you will. They will keep pushing it until china changes its practices on stealing intellectual property. Jon that that clip that we played, 80 of folks around the country believe, even donald trump critics believe that thats the case. The problem is with the style and and the tactics, right, the imposition of tariffs, the pulling back, calling xi an enemy and now hes a great man, it plays out publicly on twitter and elsewhere and so it is causing a lot of congestion im sorry anxiety among voters, trump supporters, farmers in the midwest. Jon we talked about how this plays with investors and plays with the market, i think what matters how is it playing in board rooms and executive suits because the way the rebounds back on the president negatively if it does, if Companies Start saying, i dont i cant invest more in this environment or i dont want to increase my hiring when theres so much uncertainty, then it starts to affect the economy and potentially hurts the president , so i think it plays both ways and the real important thing to watch over the next few months is how is it playing out in board rooms, their uncertainty result in less investment. Just really quickly, i will point out in campaign trail, Elizabeth Warren would say i dont believe in fighting the trade war by a tweet, im paraphrasing, but she and Bernie Sanders kind of agree with the president on taking on china. So this cant based in a corner and cant win on the issue essentially because they do agree with the president. They will say stylistically they would do it differently. To jons point, china is suffering, their economy is suffering, but our economy is doing great, everything is great, the more pressure we put on china, the tougher it is for their economy and the more chance we have being connected globally of suffering a slowdown possibly tipping into a recession here in america jon the leverage here is all playing out economically, on the one hand we know china is suffering leverage that the u. S. Has on china, on the other hand, they know theres an election coming up, if they can shet shortterm economic pain out of this, that helps their case, so its a longterm versus shortterm pain. Dagen we will talk about the china pain, i want to turn to Johnson Johnson, major decision yesterday, the pharmaceutical giant has been ordered to pay more than half a billion dollars in the oklahoma Opioid Crisis, we will get that 572 million, the state has been seeking as much as 17 billion, billion, to fight the Opioid Crisis but instead 572 million, Johnson Johnson planning to appeal, oklahoma was the first of hundreds of caseses looking to hold drug makers, Retail Pharmacy chains and distributors accountable, the judge wrote j j is eminent danger. [inaudible] misleading and promotion of opioids created as defined by section 1. Legal issues at play here, in this case Johnson Johnson guilty or liable for its marketing, not for the actual products they created but for the way it marketed them, i think this is a long story of volatility that we will see in medical Care Companies like Johnson Johnson and pharmaceuticals over what responsibility they claim. By the way, theres a china angle on this too, people think china sending fentanyl to the states. Dagen passes settlements by two other Companies Reached in runup to the trial, 270 million and then agree today pay 85 million, but, again, the next step could be if youre not Johnson Johnson you may want to be tempted to settle . I think it was a landmark ruling in some ways, they were going after 17 billion and the charge ed them with 572 million, the stock is trading higher, it starts this sort of slippery slope if you will to pin liabilities on the companies, the Opioid Crisis is a crisis and a lot of people involved in it. Theres, you know, potentially with doctors and prescribers, a lot of people that you can point the finger at besides Johnson Johnson and pharmaceutical companies. Dagen this was based on public nuisance laws in this ruling as it pertains to the oklahoma case exclusively on the public nuisance laws, they vary from state to state. Jon theres a question of whether this is going to hurt Small Pharmaceutical Companies and whether our access to improving drugs is is going to be diminished by the rulings, so many fa credits of this, important story to follow. Dagen also talk about personal responsibility in all of this and how this has hurt people who actually need vital drugs to treat pain. Coming up, crisis at boeing, the air space giant facing first lawsuit connect today 737 max jets, details ahead and streaming may be king but netflix with major milestone without it, stay with us. If you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Kevin, meet yourkeviner. Kevin Kevin Kevin Kevin Kevin Kevin Kevin kevin kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. carrying up to 50 times its tbody weight. Essly marches on. It never questions the tasks at hand. But this year, theres a more thrilling path to follow. father kids. Change of plans vo defy the laws of human nature. At the summer of audi sales event get exceptional offers now at Progressive Park insurance themed fun children yeah announcer ride the totally realistic traffic jam. Beep, beep, beep, beep children traffic jam announcer and the worlds first never bump bumper cars. Children never bump announcer its a real savings hootenanny with options that fit your budget. Thats fun for the whole family. Announcer only at progressive par. Maybe an insurance park was a bad idea. Yeah. Yep. Jeffrey epstein accusers will get day in court. Cheryl but some victims are planning to sue that estate, the Washington Post is now reporting some Surveillance Video outside of the jail cell where epstein hung himself is unusable but its not unclear why that is at this point. Well, we are learning more about the business dealings with former nissan chairman carlos goshn, Ran Technology firm from executives, one of nissans partners, the operation which was only known to a few people as important details as to most serious criminal charge against, goshn continues to deny any wrongdoing. Theres boeing, boeing facing lawsuit over 737 jet, russian Aircraft Group accusing boeing of breach of contact and withholding information from safety inspectors, a result of quote of negligent actions and order for jets to be canceled and max has been grounded since march. And long live the bbd, netflix may be king of streaming service but disk groups, not dead yet, shipped 5 billion, this is 21 years after delivers began, 2. 4 subscribers, dagen, someone told me to get rid of disk player and i said, no, i might still need it, maybe im old and school, i dont know. Dagen you dont know need your disk player. [laughter] dagen i think my brother still has one to have giant laser disk player, the giant disk player. Okay. [laughter] cheryl i cant find my calculator, thank you very much. Dagen really nice turntable, what are you talking about, jon . Jon youre saying get rid of the dvd. Dagen you cant give up jon i should have kept my mouth shut. Dagen thats okay, thank you, cheryl, hong kong unrest, leaders starting a dialogue with protestors who arent budging on demands, the latest fun fact 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one Monthly Payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Dagen welcome back, the Housing Market in focus, home sales ticking up slightly as Mortgage Rates fall to multiyear lows, joining us managing director jeff taylor, jeff, what does the road ahead look like for housing . Good morning, when we came into this year predicting 1. 6 trillion year, right now as we sit here potentially 2. 4 trillion market this year. Thats 50 more than we came in year looking like, if you also take a look where Interest Rates are now, 3. 7 on the 30year fix and 10year is 1. 5, right now everything that was originated in 2018, if youre a consumer, you can refinance that loan and probably pick up an entire percent on Mortgage Rate reducing the Monthly Payment by about 10 , its incredible time for Housing Market if youre a lender and if youre a borrower right now first time to make first purchase or buy a house. Jon you know there was a lot of talk a few years ago about how millennials we wanted to stay out in big cities and be in suburbs, are you seeing movement, im asking this in part because i live in suburb, are you seeing any movement out in suburbs or is it in big cities . Youre in luck, you will see movement in suburbs, what people are realizing they can afford a house what they want in suburbs, also working remote, working from home or wherever you are, thats much more in trend, Large Companies and Small Companies are offering, if you get the ability to get the house that they want and work remote and so thats going to actually provide for how they continue. Dagen u. S. China trade tensions could rattle the markets, what do you expect in terms of supply and especially new home supply . Great question, starters new home sales 10 of the market every single year, so Home Builders have doubleedge sword, they have a great demand but yet their supply chain comes globally, a lot from china and other place where is tariffs are, how do you gauge what the house is going to be, thats the moving target that we are dealing with right now. Its had great runway ahead of them right now, it matter the price point where youre going build the house at 200 or 250. People are taking advantage of that rate with respect to mortgages they already have but not necessarily new buyers getting into the market. Look at the space, you do see people refinancing homes they have 4. 7 million houses that were bought last year, such a huge part to the market, on the purchase side you have doubleedge sword. Youre currently renting and want to buy, buyers market, if you have to sell your house first, most have to and buy a new house, you sort of have finding and when you can you sell your house and what can you buy in the marketplace, thats what the sentiment is towards refinance, again, we are alltime refinance highs right now over the last 3 years. Dagen thanks for being here, jeff taylor. Thank you for having me. Dagen Tropical Storm doria threatening to become hurricane, getting political, taylor swift calls out washington, thats next. When i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. Is it to carry cargo or to carry on a legacy . It is already working in cities like tokyo. Its show of strength or its sign of intelligence . In crossing harsh terrain or breaking new ground . This is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedesbenz summer event, going on now. Lease the gla 250 suv for just 329 a month with credit toward your first months payment at the mercedesbenz summer event. Mercedesbenz. The best or nothing. Were changing whats possible every single day. But what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, nd Financial Solutionsapps are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Said china we wanted to come to the table, the word calm cooler heads prevailing. Hong kongs leader says no need for china to step in, her ad dorian, First Atlantic hurricane of the season, look at latest path up next. We will tell you how. And mtv music video awards, taylor swift getting political on stage calling out President Trump, more highlights. U. S. Iran tensions, iranian president rouhani says iran has no intention of talking to the u. S. Unless sanctions are lifted. The sanctions are absolutely hurting them horribly. We cant let them have a nuclear weapon. I think that theres a really good chance. Retired fourstar general fox news senior strategic analyst general jack keane, general, is there any way that the u. S. Would lift the sanctions in order to just have talks with iran . Absolutely not. I mean, this is this is the tactical mistake that the Previous Administration made with the iranians when they wanted to sit down and talk about 3 things, nuclear weapons, Ballistic Missiles and irans behavior aggressive iran behavior in the region, iran said we will only talk if if whats on the table is only Nuclear Missiles and we agreed to that and from that point on the talks never went to the right direction. This administration is too savvy for that, we will not give up on the one leverage, dagen, that we have which is which are the sanctions. Iranians are back on the heels, President Trump is on driver seat and all he needs to do is have patience and resolve and iranians will come to them without preconditions on the table. Dagen at what point do iranians come to the United States and i will point out this is a note from the intur euro asia group, the idea of sitting down, President Trump and rouhani sitting down. Said thats part of whats going on here. The Supreme Leader call it is shots here, rouhani in less than 24 hours, less than that had agree today meet with the president and once it got to Supreme Leader, like this has happened in the past, he rejected, hes the key actor and player here to be sure and iranians, listen, this is the toughest adversary we are dealing with, russia, china, north korea, it is the iranians, since 1979 they have never ever changed their objective, dominated control of the middle east, acquired nuclear weapons, all that of the expense of the United States and allies and killed as many of us as possible to put us in the right direction and they have been steady about that for all of these years, so they are focused, we have to hang tough with them, we cannot be given in certainly. Dagen no more money. By the way, this story just broke on the wall street journal website, the u. S. Reported looking to initiate direct talks with the iranbacked hooty forces in yemen, the Trump Administration wants to push saudi arabia in taking part in these negotiation, it put this in perspective with what is happening with iran, is this trying to take some power with iran by initiating negotiations, general . Well, we must have information that the public isnt privy too in terms of intelligence, where the houthis in their own mind, we may have some insights to that and i do think that getting key actors in the region involved here, saudi arabia, uae and the houthis themselves, remember the for audience, houthis are friendly to the United States and to our allies in the region and every single weapon that they are firing is provided to them by the iranians, when they shoot down a drone, when they fired at Oil Infrastructure in saudi arabia, thats provided by the iranians, they will be in the backseat to be sure and the hoot houthis and something of significant proportion and if we can get the fighting stopped and get medical assistance and reduce famine thats a huge step. Dagen the violence stiming from the demonstrations could lead to police crackdown, listen to this. Starting dialing doesnt mean that we will if violence continues, the only thing that we should is to send violence to Law Enforcement actions. Dagen also saying theres no need for beijing to intervene, general, where do we go from here or where does hong kong go from here . Well, first of all, beijing has intervened, lam is a figure head now, they are calling the shots, communist Chinese Party advisers around her, the Police Officials in hong kong, the hong kong Police Officials now have communist Chinese Police advisers involved in population control around them, the ccp is calling the shots here and they this is the problem of regime, they dont want to show any weakness, to their mind, sitting down with protestors and trying to work out a deal given some of their requests, what do they really want . Officially withdraw extradition legislation, lets deal those arrested for committing a crime by participating in riots and minimum 8 year sentence to it and lets talk about universal suffrage for officials inside of hong kong, those are the demands, they are not unreasonable but they are for an authoritarian regime. This is going to continue, dagen. Dagen pleasure and honor, Tropical Storm dorian barreling through the caribbean overnight. Cheryl puerto rico has declared state of emergency now because dorian could turn into a cat 1 hurricane today, several Royal Caribbean cruises have changed course at this point, winds measuring at 50 miles per hour, starting to get pictures as you can see of dorian. Well, facebook, reportedly testing a new messaging app that would be used on instagram, according to the verge, thread, many snapchats possible features, the thread designed to work Close Friends list on instagram. For the first time ever, the mtv music awards took over new jersey, taylor swift, cardi b, knockout performance of her hit truth hurts and then missy elliot takes up video and longtime achievement award, shoutout to influencers, madonna and janet jackson, the night didnt go without political pitch. At the end of the video there was a petition and there is a petition [cheers and applause] basically just said that we all have equal rights under the law and [cheers and applause] half a million signatures with [cheers and applause] 5 times the amount that it would need to warrant a response from the white house. [cheers and applause] cheryl actress and rapper French Montana to address the immigration debate, dagen, musical performances but you have to wonder if thats why major show award ratings keep going down every year. Dagen i actually cried during ce, it was just so fantastic and its about finding strength in yourself. Other people dont acknowledge that. I loved it. Cheryl good. [laughter] dagen i guess we can show that on morning tv. [laughter] dagen thank you, cheryl, coming up big business of sports, transforming landscape in new jersey, plans to update the famous la brea, thats coming up. Right now get 0 apr on all lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. Sleep number 360 smart bed. St sale of the year on the can it help keep us asleep . Yes, it senses your movements and automatically adjusts to keep you both comfortable. Save 50 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 24 months on all beds. Only for a limited time. Dagen headlines across america this morning, 3 employees surrender in nursing home, Hurricane Irma knocked out the aircondition and workers scrambled for days to keep residents cool, 12 people died in heat, 3 workers face manslaughter charges. The Chicago Tribune writes this, Teachers Union regrets new contract proposals setting clock for possible strike, mayor counters money on the table, students heading back to School Next Week but maybe not the teachers, chicago teachers rejected latest offer from the city meaning they are close to striking. 3 design teams proposed la brea revamp, a mammoth family can keep at home, revamp the famous la brea, a giant sloth. Youre looking at me. No, no, look, being from chicago and Rahm Emmanuel thought Teachers Union and lost repeatedly, it was particular sore spot. Looks like we are heading towards teacher strike. Dagen coming up mission canceled, spacex stopped launch of star hopper rocket at the last second, what went wrong, plus the Sports Betting business, how landscape is changing in the garden state, marias interview with a real estate next. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Dagen welcome back, sports gambling transforming the gaming industry in new jersey, the countrys First Digital 24 7 Gambling Network open for business at the racetrack, maria sat down with the two men who made it happen. Maria sports grid announcing this multiyear agreement with meadow here with jack and lou to talk more about that. So youre launching sports grid this week, tell us what to expect . 18 hours of live content coming on a daily basis, coverage, news, opinion, we are excited. Maria what i love about it is the analysis about it. Giving people the edge, so, jack, let me ask you, you have a gold mine here at the meadow lands, youve been sitting on this for a long time, why did you agree with the multiyear agreement with sports grid, what was the track this week . Great salesman and convinced me of the idea of having content and 24hour source and theres no question that Sports Betting is infancy right now. Maria hes going to be bringing people in . Yeah, he will be bringing people in and people want information, who is hurt, which team does better, you know, at home, which team does better on the road, how do they match up, a lot of data that goes into it and you have people who really are professionals, they can bet a lot of money, so like wall street, really, you have people who are analyzing data all day and then coming to conclusions, thats what you need from our business. Maria you came from wall street . Thats right. Maria and then gaming industry. Tell us how you started with partnering with fanduel. I started few years ago that it was going to be legal not just from federal standpoint but in the states and doing that i know content is king, whether financial world or sports world, content is king. Think the players are your stock, think the teams are etfs, we look at it from that perspective. We make sure the odds work in the favor of the gambler and give them as much information as possible to make them successful. Maria he said to me, the way you reach young people is take make sure they understand who the players are, those are the stars, they connect with people. So in terms of sports and what you think most people want to see, they want to see analysis of the players. Yeah, so jeff and i talk about this all of the time, back when we were younger everybody was about their team, its only about the team, now for the player, about the player and all about the players so, you know, players are moving, think of the nba, 15 teams that are going to compete, why, they are moving everybody around and back in the old days the team would stay think derek jeter, without that data, without knowing how this person plays with this person how would you be able to bet, its not the same team anymore, its always changing and in everchanging market we have to be there first and report on the news. Maria obviously the idea that new jersey went legal in terms of gambling was the opening of the door for you here, tell me how big of a deal that was for you, jeff. Saved the day, you know, i was losing a lot of money. I expected im a racing guy, when governor christy announced he was going to close the place it was shocking for everybody, it would have destroyed racing and horse racing in new jersey and fortunately was able to persuade legislature, the governor to do this which truthfully make no sense. Why can somebody be legal in nevada and be illegal in new jersey. The opposition was the leagues, mainly the nfl and they are going to make a fortune by losing and this may be the only time in history that somebody, group of people are litgaiting something and they didnt win and now we are where we are and obviously we have a great location. Maria you are you in terms of the competitiveness with las vegas right now . Number one sports in the world, 500 million this year and people tell me its just the beginning, i dont know. 500 million, i believe the biggest does 300 million. In one year we surpassed a lot, a company thats been in vegas for a long time. Dagen later in the show maria takes firsthand look in Sports Betting network in meadow lands, democrats break shortterm spending bill to fund the government. Early autumn, early Pumpkin Spice latte next hour on new mornings with maria im worried about my parents retirement. Oh, dont worry. Voya helps them to and through retirement. Dealing with todays expenses. Like college. While helping plan, invest and protect for the future. So theyll be okay. Without me . Um. And when we knock out this wall imagine the closet space . Yes oh hey, son. Yeah, i think theyll be fine. Voya. Helping you to and through retirement. Fun fact 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one Monthly Payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Dagen good morning. Im Dagen Mcdowell, in for Maria Bartiromo. Its tuesday, august 27th. Your top stories 7 00 a. M. Eastern. Markets searching for direction after uncertainty over china trade talks, futures losing steam after china said it hopes the u. S. Can create conditions for trade talks. We have an 11 point loss on the dow futures, this after President Trump said china wanted to come to the table which sparked a major rally in the markets in the u. S. Yesterday, a 269 point gain on the dow yesterday. 1 to the plus side on all three major market gauges in the us. Taking on Global Market action, the english market, the british market open for business after being closed monday. The ftse 100 lower there, gains in france and germany. In asia overnight in asia overnight, mostly higher, after renewed hopes of a u. S. China trade deal, he except for the hang seng, which fell ever so slightly. Historic ruling, a judge holding Johnson Johnson responsible for the Opioid Crisis in oklahoma, ordering the company to pay 572 million. But again, the possibility was 17 billion, thats why you see the stock heading higher. We break down this complicated ruling and what it means for other Drug Companies and j j in the months and years ahead. Border battle goes to the courts, more than one dozen states over the plans to detain Migrant Children and families longer than the flores rule allows. Current rule, 20 days. Spacex launch aborted at the last second. Why the giant star hopper rocket didnt leave the ground. Pumpkin drinks returning to starbucks today. You can get the Pumpkin Spice latte but theres a new beverage this year and we will have it here on the set. Here to break it all down with me, real clear politics cofounder and president , tom bevins, jackie deangeles and Senior Writer at the wall street journal, goajohnhilsenrath. I have a message from one of your family members but well wait for that. Well tease it now. Dagen theres so many important stories to discuss, including the opioid ruling and what it means down the road. There are 2,000 municipalities that have sued opioid makers and distributors. This is the beginning of what will be a long big case in oklahoma. Theres another one coming up next in ohio and who knows how many plaintiff cases there will be following that from actual casualties of the Opioid Crisis. Dagen we have an attorney here who will be talking about it in a short while. Also coming up this morning, former toys r us and hbc ceo jerry storch will be here. As well as ed rensey, as well as financial expert, chris hogan on student debt and the scams that people are trying to work on former students and saturday night live alum, joe piscopo, eddie murphy coming back to host, what does mr. Piscopo have to say. The budget battle, democrats eyeing a shortterm spending bill to testimony prai temporare government. There are three workweeks for congress to reach an agreement before september 30th. Joining us now, pennsylvania congressman, guy reshenthaler. Good to see you. Talk about what could happen and what should happen in september. Dagen, thanks for having he me on. I appreciate it. With the budget, we have to remember that the senate was acting responsibly and they were waiting for the topline number, the entire budget. The House Democrats were passing fantasy wish lists with their appropriations bills. I think ultimately well avoid a Government Shutdown because we all know we have a responsibility to fund the government. I just wish this could have been done ahead of time instead of waiting for the last three weeks of session. Dagen tom . Congressman, as you sit there weve got the u. S. Debt on the screen and its cranking up pretty quickly. Deficits topping a trillion dollars. This used be a hard core republican issue, fiscal sanity. Whats going on in the Republican Caucus . How are folks feeling about where the debt and deficit currently stand . Right. I can tell you thats an issue that comes up all the time in conversation. Weve got to do something about the nondiscretionary spending that is just growing exponentially. Until we solve that, were going to have a problem with our deficits. But weve got to remember, that we cant necessarily cut our way out of this deficit. Weve got to grow our way out of it. We only grow the economy by cutting taxes and reducing regulations, thats what we should focus on. Congressman, you talk about growing our way out of the deficit. We a achieved near 3 growth last year and the deficit is nearing a trillion dollars. So how do you explain why weve gotten better growth and the deficit is only getting bigger . Right. Well, of course you do have to do something about nondiscretionary spending, but we can be doing better with the economy. If we make the tax cuts permanent, if w regulation, we can grow the economy even more. We have got to win this trade war with china. If we win the trade war with china, that will also help the economy. Dagen what is winning . Well, winning is making sure that china is not dumping steel and aluminum into u. S. Markets. Thats crushed a lot of these industries in southwestern pennsylvania. We have to make sure that china isnt stealing our intellectual property which is going on. Weve got to hold them accountable and they have got to stop acting as rogue players on the international stage. Theyve got to abide by the wto agreements. Theyve got to honor their commitments that theyve made with us in former trade agreements. Congressman, our trade deficit with china is actually increasing in spite of the fact we put tariffs in place. So are we losing . No. So there is going to be some shortterm pain and Everybody Knows this. This is a trade war. Weve got to look at the long term. Weve got to make sure that china stops exploiting u. S. Companies, make sure they stop stealing our intellectual property. Weve got to hold them accountable. Weve got to remember that for decades other president s have just let china run amuck and finally President Trump is doing something about it and hes standing up to hold them accountable. He is doing something about it but even if we do get a paper deal, how do you actually ensure that in practice china sticks to that deal . Thats the biggest Sticking Point for a lot of people that are looking at this. Right. Well, there has to be enforcement mechanism with whatever deal we do. We have to remember that china w tt when president ble. Trump says that hes going to have tariffs, that theres tariffs. Again, thats bringing them to the table, forcing them to negotiate and hopefully we can get good terms here. I can tell you a that in southwestern pennsylvania, weve got to do something to help our industry such as steel, aluminum and so forth because we cannot compete in the decades ahead if kentuckiana keeps cheating. Dagen you had steel and aluminum tariffs out of the administration. Did that help . It has helped. Its helped. I talked to a lot of folks here, a lot of folks in factories, i can tell you they are cautiously optimistic with these tariffs, that theyre going to be able to compete on a level playing field. Thats all theyre asking for is a level playing field. They dont want dumping of steel and aluminum in the u. S. Market which cripples this sector of the economy. Dagen it hurts manufacturers that use steel and aluminum because of increased prices. I forgot how many jobs have been shed in the automobile Manufacturing Sector in the United States this year. I think its im guessing, i think its 16,000 jobs have been lost. Well, dagen, look, im a free trade guy. You i also want our trading partners to act fairly and theyre not. Ive heard Horror Stories of business thats have had intellectual property stolen from them. So we just want china to be accountable. We want them to be a fair player. And again, thankfully President Trump is Holding China accountable. Dagen i want to move onthe flores agreement, facing backlash now. 19 states plus the district of columbia suing the Trump Administration over the proposal to overhaul the settlement that limits the amount of time that migrant families can be detained. Congressman, you represent pennsylvania. One of the 19 states backing this lawsuit. What say you . Well, i was at the border a few months ago. Led a Bipartisan Group to the border. I can tell you what i saw there really troubled me. The flores decision, which says that you have to release somebody, that an illegal immigrant that has a minor accompanying him or her 20 days, has completely devastated the immigration system. We have to end the flores loophole. Its creating a pre verse incentive for Illegal Immigrants to take a child thats not related to them, take them across the dangerous journey and bring them in illegally to the United States and after 20 days the illegal immigrant is released into the interior of the country and the child, sadly, is returned to the coyotes, the smugglers, the cartels and recycled to make the dangerous pro process over agai. We have to do something to stop this and we have to do something to secure our southern border. Dagen good to see you. Thank you for joining us. Coming up, Johnson Johnson and the landmark decision, the oklahoma judge ruling that finding that the pharmaceutical giant directly responsible for the Opioid Crisis. How j j is fighting back. Plus, launch delayed, why spacexs star hopper is still on the ground and when the company will try again, next. And. Thats your basic threepoint turn. [ scoffs ] if you say so. Im sorry . What teach here isnt telling you is that snapshot rewards safe drivers with discounts on Car Insurance. What . Or maybe he didnt know. [ chuckles ] im done with this class. Youre not even enrolled in this class. I know. Im supposed to be in ceramics. Do you know room 303. Oh. Thank you. Yeah. Good luck, everybody. Oh. Thank you. Yeah. Managingaudreys on it. S . Eating right . On it staying active . On it. Audrey thinks shes doing all she can to manage her type 2 diabetes and Heart Disease but is her treatment doing enough to lower her heart risk . [sfx crash of Football Players colliding offcamera. ] maybe not. Jardiance is the number 1 prescribed pill in its class. Jardiance can reduce the risk of cardiovascular death for adults who also have known Heart Disease. That means jardiance can help save your life from a heart attack or stroke. Plus, jardiance lowers a1c and it could help you lose some weight. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. A rare, but lifethreatening bacterial infection. In the skin of the perineum could occur. Stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection,. Ketoacidosis, or an allergic reaction. Do not take jardiance if you are on dialysis or have severe kidney problems. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Lower a1c and lower risk of a fatal heart attack . On it with jardiance. Ask your doctor about jardiance. The type 2 diabetes pill thats on it. Learn more at jardiance. Com sleep number 360 smart bed. St sale of the year on the can it help keep us asleep . Yes, it senses your movements and automatically adjusts to keep you both comfortable. Save 50 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 24 months on all beds. Only for a limited time. Were changing whats possible every single day. But what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Dagen tensions flairing between china and australia after chaff arrests an australian writer on spy charges. Cheryl casone with the details. Cheryl dagen, yang hung ju is a chinese born blogger and spy novelist who once worked for the china government. Since moving to australia he has been critical of the communist party. He was detained in china while visiting with his wife. If convicted, he could face 10 years in prison. Spacex launch aborted, less than one second before liftoff. The star hopper test was called off, spacex founder elon musk said there were issues with device thats light up the rockets engine. They plan to try again today. This would be the final launch of the experimental rocket. We should add, this is where the windows may be t shattering around the neighborhood close to this. Starbucks Pumpkin Spice lattes are hitting menus starting today. The Company Released a Pumpkin Cream Cold brew. This is the first new pumpkin beverage theyve put out in 16 years. Get this crazy story. A new survey shows how dedicated Pumpkin Spice people are as i fall on my chair. When asked what people would do to get Pumpkin Spice for life, 30 said they would sit in traffic for two hours a day, 35 would name their child Pumpkin Spice. Weve got the new Pumpkin Spice lattelalattes here. John has the new cold brew. Ive got it as well. Dagen, yours is dairy free. 41 said they would give up alcohol if they could have Pumpkin Spice every day. Dagen theyre definitely lying. I want to say something, john. Some years ago we were discussing Pumpkin Spice lattes about this time of year. On this show. And johns brother craig has been giving him a hard time about drinking Pumpkin Spice lattes ever since then. I can just say, craig, john might have one in front of him but that doesnt mean he drinks them. I dont know why that would be something to basically throw shade about. Im a latte drinker. Theres just no Pumpkin Spice in it. Thats something i wanted to clarify. Dagen there is no shame in drinking Pumpkin Spice. Cheryl i think its great. I miss the Pumpkin Spice scones. Let me call star. Dagen i dont understand the phenomenon of it. I dont understand. I really, truly dont understand the a allure of the Pumpkin Spice. Its fine. But its not i would be more obsessed with like, i dont know, halloween candy or Something Like that. Cheryl for Companies Like starbucks and dunkin, theyve had incredible sales success. Dagen the shamrock shake, right. Pumpkin spice, shamrock shake. They remind you of fall. The irony is its august and weve got the Pumpkin Spice. Thats probably why they have the cold brew. Im not im just drinking my straight latte. Dagen youre going to leave that untouched. Im going to stare a. Cheryl send it down this. Dagen how about iced espresso, nothing in it, just iced espresso, if you want the back of your head to explode. Thank you, cheryl. By the way, you see what cheryl did when she sat down . These chairs are too low. Cheryl i totally fell. I kept reading, that was the trick, so, you know thats a skill. Dagen were here to help you up, always. Cheryl thank you. Dagen u. S. China trade uncertainty, markets reacting after china shed doubts on restarting negotiations. Plus, the Johnson Johnson ruling. We are disappointed and disagree with the judges decision. We believe that it is flawed. Dagen a judge ordering the company to pay more than half a billion dollars for fueling the Opioid Crisis just in oklahoma. How the drug maker is fighting back, ahead. But im almost out that door. Im a number away from calling you. I said i was through but im dying inside. Got my head in a mess. Girl i confess. Fun fact 1 in 4 of us millennials have debt we might die with. And most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one Monthly Payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Introducing the allnew chevy silverado. With fifty industryfirsts. Its the strongest, most advanced silverado ever. Can i get some help. Watch his head. Im so happy. Whatever they went through, they went through together. Welcome guys. Life well planned. See what a Raymond James Financial Advisor can do for you. From the 5am wakers, to the 6am sleepers. Everyone uses their phone differently and in different places. Thats why Xfinity Mobile created a Wireless Network that auto connects you to millions of secure wifi hot spots. And the best lte everywhere else. Xfinity mobile is a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Click, call or visit a store today. Dagen u. S. China trade, were looking at modest gains at the open, picking up steam, 41 point gain on the dow futures at the moment, this comes after President Trump said china wants to make a trade deal but chinas Foreign Ministry reiterating he doesnt know anything about phone calls between the u. S. And beijing on trade. This is how granular weve gotten. For the big picture, joining us now, Portfolio Wealth Advisors president and cio, lee monson. How do you invest in this climate where were literally arguing over whether phone calls were made or not . I know. The phantom phone calls. I think what you have to do, you have to think about this rationally. Were going to have to get a trade deal done with china. I think since we have the inverted yield curve a few weeks weve got about six more months of decent markets he despite the volatility. We know the fed is going to have to cut another 75 basis points before the end of the year. You look for opportunities where investors freak out on phone calls that didnt happen because the reality is, we cant live without china and if you just look at some of the things in the news that people arent looking at, like how were not making them happy selling 60 plus f16 to taiwan and how the pentagon said we cant just ditch china here, they provide us with all the active pharmaceutical ingredients that go into our prescription drugs in this country. So i think youve got to buy the weakness. Dagen john . Lee, can you talk a little about the profit outlook. Weve talked so much over the last few weeks about the economy is slowing down, theres a risk of a recession, et cetera, et cetera. How are companies doing . How are their profits holding up . Are they going whats the outlook going into 2020 . Okay. This is the great setup of this march he get between now and the end of the year. So in january, after the big december debacle, we had estimates saying this calendar year profits were going to be 6. 5 growth, right . As of a week or two ago, those are down 75 . The estimates for calendar year down to 1. 5. So how i think the second half of the year is going to shape up, Everybody Knows its weaker. Small cap stocks, the estimates are down double digits. I think were going to he see q3 and q4 surprise to the upside because we brought estimates down into negative growth territory. So again, its about the consensus. Its about peoples expectations. Were expecting debt. I think were going to do better than death. Thats going to move the market higher. Again, were finally seeing the effects of tariffs, especially in the industrials where its hard for firms to really figure out how are we going to invest without certainty. You mentioned the fed and cutting, 75 basis points, do you really think thats realistic . I do. Put it this way. The bond markets think its realistic. I think for those who think its going to be more, i think thats pie in the sky. I think if we dont get 50 basis points by the end of the year i think it could really shake the market. Again, this is a different fed than before. Theyre here to sweet talk markets and assure people that everythings going to be sunny. I think because of the trade war and the National Security issues that go along with it, i think the fed has their back to the wall. Theyre going to have to cut or else this markets going to tank. You mentioned we will get a deal with china. Were talking about with the election coming up, china playing the long game here, do you think well get a deal before President Trumps reelection in november of next year . Oh, yeah. Nobody said it was going to be a good deal, though. I think the reality is, theres so much pressure to stop this tense negotiation thats going nowhere, i mean, we just had the president say stop doing business with china on friday and now hes dialing it back. The issue for investors is the perception of what kind of deal are we talking about. Do i think its going to be a strong deal that long term is going to make markets stronger . I do not think thats going to happen before the election. Are we going to having that puts lipstick on a pig and will assure people before we might hit a recession . Highly likely. Dagen lee, thanks so much for that. Good to see you. Take care. Coming up, a historic ruling, a judge holding Johnson Johnson responsible for the Opioid Crisis in oklahoma. Why shares of j j are rising on the news. Because it could have been much worse. A that stock up 2 in premarket trading. Plus the booming business of spiked seltzer. One company hoping to give the industry a run for its money. Stay with us. Lonely heart calls. Oh, i want to dance with somebody. I want to feel the heat with somebody. Yeah, i want to dance with somebody. With somebody who loves me. vo the ant mindlessly marches on. Carrying up to 50 times its body weight. It never questions the tasks at hand. But this year, theres a more thrilling path to follow. father kids. Change of plans vo defy the laws of human nature. At the summer of audi sales event get exceptional offers now youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Dagen welcome back. Im Dagen Mcdowell, in for Maria Bartiromo. It is tuesday, august 27th. Your top stories at 7 30 a. M. Eastern. An historic ruling, a judge holding Johnson Johnson responsible for the Opioid Crisis in oklahoma, ordering the company to pay 572 million. The state was looking for 17 billion in claims to abate the public nuisance caused by the opioid addiction. Shares of j j are rising more than 2 on the news. Again, this decision a much lower dollar amount than some were expecting. U. S. China trade uncertainty, the focus shifting to phone calls, chinas Foreign Ministry reiterating its not aware of calls between beijing and the u. S. And saying it hopes the u. S. Can stop its, quote, wrong actions. Markets search for direction amid this fresh uncertainty over the trade talks. 35 point gain on the dow futures after a strong showing yesterday. Yesterday the markets up handsomely after President Trump said china want todd come to the table, sparking a rally. You saw the gains of more than 1 on all three major market gauges here in the u. S. Checking on Global Market action in europe, the ftse 100 is down slightly after the british stock market closed yesterday for a holiday. The french and german markets to the plus side. In asia overnight, similar story, markets mostly higher on renewed hopes of a u. S. China trade deal. Except for the hang seng in hong kong which was down slightly. Tropical storm dorian, it could become the first at lain lain t atlantic hurricane of the season. Eddie murphy is coming back to saturday night live, hosting the show for the First Time Since 1984. Look at that photo. If you can he see it, joe piscopo and eddie murphy. Joe piscopo will weigh in on the comedians big return to the show that made them both famous. To our top story this half hour, Johnson Johnson ordered to pay 572 million in the oklahoma opioid case. The state had been seeking as much as 17 billion. Johnson johnson planning to appeal the decision. Oklahomas case was the first of hundreds to go to trial, looking to hold drug makers, pharmacy chains and distributors accountable for opioid abuse. The judge ruling that j j launched a misleading Marketing Campaign to convince the public that opioids posed little addiction risk. The Opioid Crisis is an imminent danger and menace. My judgment includes finding of facts and conclusions of law that the state met its burden that the defendants, jansen and Johnson Johnsons misleading marketing and promotion of opioids created a nuisance as he defined by 500s, section one. Including the finding that those actions compromise the health and safety of thousands. Dagen joining us now, criminal defense attorney, former new jersey prosecutor and former new jersey detective and officer, anthony hope. Much to talk about in this decision. What is your initial takeaway . Its the first time a case like this has come before the court and normally in civil matters, which i do a lot of civil work, in civil matters youre sue forg suing for a cere of action and you want damages for pain and suffering, lost wages, whatever it may be. Heres a unique situation where the attorney general decided to sue Johnson Johnson under a nuisance statute in oklahoma. And the nuisance statutes are normally what people would think somebody is invading your property, somebodys causing you a problem, theres annoyance, harassment. It was expanded in this instance. Under the statute, which is very broad in oklahoma, it appears as if they had a legal right to do so and the judge agreed with them. But it certainly was unique to bring it under the circumstances. They werent looking for money for individuals or looking for money for lost wages or suffering, pain and suffering. What they want is an abatement plan. They want to be able to try to reverse the effects of what they believe was unfair marketing and aggressive marketing and downplaying the significance of the opioids. Downplaying the addiction factor and trying to suggest that somehow opioids, which were originally intended for shortterm, chronic, malignant pain, is no now okay for longtm pain. That was never the situation. That started around 1997, the whole labeling just changed course and its caused a great deal of addictions. Where are the plaintiffs in this case . Where are the victims suing the company for some kind of compensation for pain and suffering . Are they next . Are they coming down the road . One might think that. Right now, the attorney general sued on behalf of the community at large. What about the individuals and the class action suits that you usually see . You usually do that but not in this instance. Something may follow. I think what was going to be determined here, is this going to follow the tobacco litigation of years ago or was it going to fall by the wayside with the gun lawsuits where people tried to sue manufacturers of guns because they were killing people. So this i think is now clearly smack in the middle of what the tobacco lawsuits were years ago. I think its just the very beginning of this. Dagen to johns point, in this decision, this is a one year abatement. I think the state was looking for a 20 year abatement. This is a money grab, a port grab by the state and how is this going to help people who are ad addicted to opioids in tt state . We can get into the nuances of this nuisance law but just continue, because this on the surface looks like just a classic government money grab where people who actually are suffering or suffered dont get anything. Well, thats a great point. And i think the victims arent going to be addressed the way they should have. And this is a situation where im not sure why the judge didnt give them more and didnt extend it for five, 10 years. His position was that he didnt feel there was enough evidence to support that and to be confident that they needed it for longer. So he gave it to them for one year. Theres a host of programs, juvenile programs, addiction programs, medical care, treatment, advertising, everything that tried to remediate the effects of the pharmaceutical companies putting out false and misleading advertising. Dagen before i goa get to jac, ill point out that Johnson Johnsons opioids including a patch and pill constitute less than 1 of oklahomas prescription opioid market. So 1 of the march he get there and you get hit with a judgment north of half a billion dollars. Jackie. I just was wondering what you think the chances are for success on appeal here . I think thats a big piece of this story too. I think first its going to be appealed to the Appellate Court and well see what they say about, whether this nuisance law applies to these circumstances. And Johnson Johnson is clearly in the fight. I dont think theyre going to give up. So it may be something that ultimately once the state remedies or exhausts it, they may go federal. Ultimately it may be a Supreme Court decision that has to be made on this. Do you expect to he see, now they theyve used the public nuisance law, do you expect to see other states, other all atty generals follow . Its certainly unique. If the other states have a nuisance law that is as broadbased as oklahoma, i think theyre on solid ground to do so. Dagen that raises the issue i want to get to the wall street Journal Editorial Board piece out, an editorial on the j j case, entitled an oklahoma opioid stickup. It says this in part, the ruling will be cheered by everyone who wants a scapegoat for the scourge of addiction. It could have larger and dangerous consequences by opening a vast raw ren arena fot liability suits. Theyre talking about the nuisance suit. They were tried to be used against Oil Companies. This is part of what the journal is discussing in this piece. I think this is very different. It really is. This is a situation where the drug itself has an add dick testify an addictive quality that is being downsplayed. If you use the drug as intended, for chronic, shortterm pain or chronic malignant pain, cancer patients, people coming to the end of their life, the drug has a base and point for being here. Theres no question. What they did was they expanded the purpose of the drug and its not the effect of the drug is minimized over time. It becomes more ad addictive. It doesnt have the shortterm effect it was intended for. I clearly see misleading in advertising that caused people to be addicted. Are doctors responsible as well . Are other people responsible . I dont disagree. Dagen from a legal per spec perspective, like most of the opioid plaintiffs, mr. Hunter the jury mal journal writes abo, the state of oklahoma cant draw a clear line between doctors who relied on the alleged misrepresentations and the actual injuries suffered by victims. They cant connect those two. And didnt have to, based on using this nuisance statute. They didnt have to. There were doctors that testified during the lawsuit that the reason they used the drugs for more people was because of the advertising, because what the representatives of the Drug Companies were telling them. That listen, theyre overstateing the addictive effects. This is really something that should be used for chronic pain and people in this country are not being given the medication they need when they have this chronic pain. So the doctors accepted it on some level. Im not saying they have no responsibility. But i think its a very unique case and its just the start. I want to come back to something i just dont get here. This is the government suing and in ohio were going to see more government cases. Why arent individuals suing . Where are they in this . 2 . They can do this. There have been other class action sites. It takes private lawyers to get involved, start a class action suit. Are they lining up right now . I cant answer that question. I would think so. I would think based on this opinion, its going to open the floodgates for that type of litigation, thats for sure. Dagen to johns point, 2,000 states and municipalities have sued opioid makers and distributors and theres two counties, a trial in cleveland, in ohio this was a Republican Attorney general in oklahoma and a red state, a lot of these cases have happened in red states. Usually you think of republican as kind of being in opposition with plaintiffs attorneys and interference with american business. Political boundaries are scrambled in this case. Dagen anthony, great to see you. Thank you for being here. Coming up, a former snl cast member, superstar, weighs in on another superstar. Eddie murphy hosting the show again. And the booming business of spiked seltzer, one Company Breaking into the industry. What sets it apart, ahead. Whos going to walk you through the dark side of the morning . It aint me. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. That a handle is just a handle. Chair is just a chair. Or. That you cant be both inside and outside. Most people havent driven a lincoln. Its the final days of the lincoln summer invitation event. Right now get 0 apr on all lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Were talking salt and pepper. We are peachy keen. You are white. You are black and who cares. Who cares, baby. Dagen that was a slip from saturday night live from 1982. Eddie murphy as Stevie Wonder and our next guest as frank sinatra. This week saturday night live announced eddie murphy will be live from new york once again, hosting the show later this fall. This is his first time back hosting since 1984. Joining me now, radio host, former saturday night live cast member, joe piscopo. It puts a smile on your face, my friend. Dagen, im telling you, i still laugh. I cant believe it. You know what . We did things back then, back in what was the year you said . Dagen he 82. I aint that old. Come on, now. I dont know that we could do that sketch now adays. So im excited that eddies going back. This is huge news. Dagen what can we expect . Hes not we can get into this. There were reports that eddie im using his first name as if i know him. I dont. Eddie, mr. Murphy, is in talks with netflix. 70 million was a number being thrown around for him to come back with a standup special. What can we expect from him, do you think . Go i think its long overyoue that eddie murphy comes back to the comedy scene. I have such respect and love. I cant be objective because hes one of the funniest guys. Not before or since has there been anybody on the comedy scene thats as funny as eddie murphy. Weve been so politically correct, oh, be careful, you cant say this or that, eddie is going do come on the scene with the netflix special, he goes on snl and he will push the envelope and people will just be blown away by how far he can push it and dagen, its about time. Even on the radio here on am970, dagen, i have to watch what i say, i have to be careful what i say. God forbid im going to offend isnt maybe we can do ebony and ivory in the old age home. Dagen were watching a clip of eddie murphy as james brown, about getting in the hot tub. Im dating myself as well but this was when i never missed a minute of saturday night live. That i would stay up late and these sketches, these routines are just burned into my memory forever. Yeah, think about it, you were just a baby girl. He said im going to do james brown in a hot tub and we went what . He wanted to do mr. Rogers, im going to do a street version of mr. Rogers, called mr. Robinson. Whos at the door. It was so funny. This is hed department h eddie. Hes goes im going to do buckwheat. I said to the great eddie murphy, that im great follow be a friend with and not to mention being able to work with and i said eddie, you cant do buckwheat, thats going to come across so racist. He said im doing it, man. This is going to be spectacular, dagen. Dagen hes badge i was looking at photos online, paparazzi shots from the set of coming to america the sequel that hes doing. Cannot wait for that. I want a Beverly Hills cop reboot. Lets bring back im not joking. Because i think i own video cassettes, i have delirious and raw somewhere in a storage unit. Did you watch it . He would walk i remember when you were a kid, Dagen Mcdowell, and i was snl with eddie, the first thing i would say to my friend, eddie murphy, he was 19 years old at the time, check it out, whic i would say , theres kids watching and be careful on what you do. On snl we were a little careful. We pushed the envelope but we were kind of careful. But when he went on stage and he did those hbo specials or raw, i mean, raw he went way out and i think that hes going to even further this time around. Dagen i want to give a shoutout to my dear friend, rob bartlett. He was doing comedy in a group called the identical triplets with eddie murphy before saturday night live. He met eddie at the white house comedy like venue out on long island. And if you look, there are pictures online and eddie was i think 18. So you want to talk about an incredible career. You too, my friend. Rob bartlett, im telling you something, is a comic genius as well, one of the funniest cats in the world. Eddie came out of the long island comedy scene. I was on the west side. There were people on the east side, jerry seinfeld, out of the comic strip. I was at the improve says. Eddie came out of nowhere. I met him on saturday night live. He was 19. He was grounded. He was a great guy. He was downtoearth. Weve been best friends evers since. To me, with due respect to everybody working, eddie murphy, the king of comedy right there. Its going to be awesome on saturday night live. Dagen awesome to see you, my friend. Joe piscopo. Thanks, dagen. Always great to see you. And thank you. Dagen coming up, hard seltzer made in america, the founders of a you new company made in america here to talk about the extremely popular bubbly summer drink. I like it. I love it. I want some more of it. I try so hard. I cant rise above it. Dont know what it is about that little girls loving. But i like it, i love it, i want some more of it. Their bearnaise sauce here is the best in town. [ soft piano music playing ] mm, uh, what do you do for fun . Not this. Oh, what am i into . Mostly progressives name your price tool. Helps people find Coverage Options based on their budget. Flo has it, i want it, its a whole thing, and shes right there. Yeah, shes my ride. This dates lame. He has pics of you on his phone. Theyre very tasteful. He has pics of you on his phone. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy a new samsung note. Click, call or visit a store today. Dagen welcome back. Made in america, head to any picnic, barbecue, bar, even the vmas, you know hard seltzer is the cocktail of the summer. Beer, wine, mixed drinks, getting a run for their money. Offering a healthy alternative, also takes great. Joining me the founders of the company, two robbers, vi vicrimd vivik meyer. You come from the world of finance, now into this. How did you do it . We launched about two months ago in philly. My brother and i are outsiders to the industry. We started looking at this can category about two years ago. Really came a across it i think the way that most people do which is looking for healthier alternatives to beer. And i think a couple things were clear to us when we saw some of the bigger players out there. Number one was really this category is going to be huge, its going to take a huge amount of market share from beer. Theres a ton of longterm potential, because its low carb, low sugar. Theres an opportunity to make something differentiated from some of the bigger brands that were out there, the biggest being white claw and truly. We spent a ton of time on our formula and our branding an and packaging to make something that stood out from the crowd. Like he said, we started working on this about two years ago. I was actually in graduate school at the time and same thing, just saw the category had a ton of potential, decided to make the decision to drop out and pursue it fulltime and kind of been running with it sense then. Dagen is it hard distribution . Yes, so distribution unlike most food and beverage categories for beer is regional. For us, we started by towards the end of 2018 we started having conversations with distributors in eastern pennsylvania and kind of locked in an agreement with a distributor out there. So since then, weve been selling in eastern pennsylvania, primarily the philadelphia region. For us, were going to be launching in new jersey soon. We partnered with some distributors out there which were excited about and working on moving to new york and western pennsylvania, pittsburgh area. Why do you call it two robbers . I was going to ask that. True story. When i moved to philadelphia, my apartment was actually broken into twice within the first month of moving there which was dagen thats not funny. It wasnt funny at the time and it was a bizarre experience to go through and as we thought about coming up with a name for us, drawing inspiration from some of our favorite craft beers and trying to come up with a name that had a story behind it. Dagen awesome. Tgood to see you. Stay with us, everybody. More trade ahead. Ble every single day. But what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Is it to carry cargo or to carry on a legacy . So, how can we change its show of strength or its sign of intelligence . In crossing harsh terrain or breaking new ground . This is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedesbenz summer event, going on now. Lease the gla 250 suv for just 329 a month with credit toward your first months payment at the mercedesbenz summer event. Mercedesbenz. The best or nothing. Who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Expedia. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Liberty mutual customizes your Car Insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty dagen good morning, im Dagen Mcdowell in for Maria Bartiromo, its tuesday august 27th, your stop stories at 8 00 a. M. Eastern, u. S. China trade uncertainty, back in the forefront, the focus now shifting to phone calls, China Foreign ministry reiterating it is not aware of calls between beijing and the u. S. , saying it hopes the u. S. Can stop, quote, long action, markets search for direction with this uncertainty, 26point gain on dow futures, last trading week of month, its been a rough month for stocks coming up 4 weeks of losses in allow. This after President Trump says that china wanted to come to the table, sparked major rally, 269point gain on the dow, checking the Global Market action this tuesday in europe you have gains in france, and germany, slight loss on ftse 100 in england. In asia, except for the hong kong dropping ever so slightly. And historic ruling, judge holding Johnson Johnson responsible for Opioid Crisis in oklahoma, ordering to pay 572 million, why shares of Johnson Johnson are rising. Tropical storm dorian, First Atlantic hurricane season. Path ahead. Here to break it all down with me president tom bevin, jackie deangeles and jon hilsenrath. Jon i would think that thats dagen i bet you dollars engineering. Jon thats a good one too. I didnt get my degree in journalism. Jackie has a law degree. Dagen asking her for information, parking ticket ive got, thank you, we will get more from you guys in just a moment. Former mcdonalds ceo ramsey, Ramsey Solutions craig hogan and Stuart Varney, you dont want to miss any of the guests coming up. U. S. China trade in focus, President Trump after announcing new heightened tariffs late friday, yesterday at g7 he discussed what is on the table. China wants to make a deal, now whether or not we make a deal, has to be a great deal for us. You know, and i tell this to president xi who i really respect, i really do have Great Respect and i like him too, tough guy, i told him strongly, look, youre starting up here and youre making 500 billion a year and stealing our intellectual property, we are down on the floor, lower than the floor, 50 50, this has to be a deal that is better for us. If its not better, lets not do business together. I dont want to do business. Thats the way i negotiate. Dagen joining me now former toysrus and hbc ceo gary. Gary, much to talk about the press conference yesterday but consumers are really finally going to start to see the tariffs september the first as tariffs kick in then and december the 15th, what do you think the impact would be . Frankly not much and i know i may be outlier on that, consumers are fire, spending at record levels, you take a look at the size of the tariffs, it might impact consumers by a two tenths of 1 , not at all a lot. Will impact retailers and businesses built independent upon cheap chinese sourcing, but the consumer overall doesnt add to a lot when you look at spending. Jon when you talk to Board Members and executives, what do they tell you about how uncertainty of negotiations is playing out in their planning, is it a real problem for them or are they able to just kind of plan for 2020 as they would in any given year . Its totally situational, so most of the people you talk to will come on and speak about from their perspective which everyone does, it could be a company with specific business address, could be trade association, a lot of them complaining about all of this or could be politician who is trying to view this as a political issue on one side or the other of the aisle, but depending on your view of this, uncertainty is certainly bad for business and most Business People can react to something, again, trade issues of this magnitude relatively well and, again, i want to be clear, because i dont want letters, there are companies that built their whole business around sourcing parts from china and are moving quickly to move it. They just move there in the last decade, but could take a while for somebody to move, if youre one of those people youre very, very worried and youre not very much to do but bite it or eat it in the shortterm. Most people what we say dont be a victim, go do something, this reminds me of retailers that complain of bad weather, the strong ones dont. I noticed on recent Earnings Call you heard from home depot, yeah, the tariffs are real but we are negotiating, we are managing these. Youre from nordstrom, this is an issue but will not material for us this year, strong retailers will find their way around this. Some industries and some companies that are so dependent on china that this wont be a fast fix for them. Dagen i do want to point out something too that we need to talk about impact of china and businesses in china, some of the rhetoric that you hear from President Trump but theres real evidence thats hurting the country, a story fortune did overnight in last 24 hours, quarter of chinese production by global sportswear brand is lying idle and theres a real problem now because youre seeing shift by these very retailers here in the United States of of sourcing from other nations. Management malpractice not to be searching for alternative. Everybody is doing that. They are saying they are working aggressively to find alternative sources. You know, many of them are opening up heard stories of factories across the board in vietnam, this would be managed by the chinese but are coming manufacturer right across the border, youll see a lot of Energy Around moving production out of china and theres no doubt that it will hurt the chinese economy if that continues. If we can go back to consumer for a moment, tariffs are impacting the average household to the tune of 60,000 a year, im not minimizing how much that is to a lot of folks but at the same time ive spoken to a lot of folks who have said im willing to pay the 1. 60 a day to win the trade war with china. So i havent seen the reports from that study, i havent read details of the study, its confusing to me, i dont know. Specifically talk about study, ive seen many studies that seen things multiply in effect of tariffs, if you take a look, 300 billion that would impact consumer most directly at 10 , do the math, 30 billion, the majority of that is not this year when you take a look at where the numbers come. 127 Million Consumers in the u. S. , so thousand dollars a consumer, a thousand dollars, thats 127 billion worth of impact which is many times the the total of the tariffs, doesnt make any sense to me. I think company what maybe missing from some of this is how rapidly rap capitalism adapts, in terms of the actual impact that we will see on the consumer and the economy, again, 35 billion worth of tariffs or 45 billion worth of tariffs is not a lot in 14 trillion consumer economy, i want to be clear, individual businesses will be hit very hard by the tariffs if they have no where else to go and cant move quickly. Dagen thank you for the insight, what a great discussion, weve learned a lot. Come back soon. Thank you. Dagen legal battle over immigration laws, blake berman at the white house with the latest. Dagen, good morning to you, lawsuit just filed was widely anticipated attorneys generals from 19 different state as long with the district of colombia suing Trump Administration over new family detention proposal at its core here is the detention of immigrants who are caught along the southern border for longer than 20 days which had been the cap determined in the 1997 flores settlement agreement, californias Javier Becerra writing in lawsuit, detention of children and family and prisonlike conditions will harm the mental and physical health of children and their parents, many of whom will ultimately be released to communities within the states. We wish to protect them from irreputable harm which may be caused by the Trump Administration, detention which is unnecessary. Now Trump Administration argue that is the flores settlement has led to increase flow of Central American immigrants and new rule establishes standard of care and custody for children and families and will protect kids from human smugglers. The acting customs and Border Protection mark morgan is one of those named in the suit, he takes issue with labeling it as indefinite detention. This is not about indefinite detention, if anybody says that, thats an complut lie, we are going to hold them together as a family in godsafe environment just doing the immigration proceedings which history showed us takes between 40 and 60 days. Dagen keep in mind rule put forth by the trump manage needs to be approved by u. S. District judge that oversees flores one way or another, this is going to be settled it appears by the legal system, dagen. Dagen blake, thank you so much for that, blake berman live at the white house, tom, i want to get your reaction to this because this an administration with the election 14 months away, little more than 14 months away that will keep pushing and pushing each and every immigration issue, you name it, they are going to keep forging ahead. Correct. The Trump Administration hasnt had a lot of success in the courts on some of these issues, the lawsuits have often times been decided against him and we see how trump reacts to that but the administration and the president , they continue to try and pull every lever at their disposable to try and work because nothing is getting done in congress and nothing will get done between now and election day. Resinates not only with trumps base but broadly across the country. Dagen thank you, tom. Tracking dorian and Tropical Storm gathering strength, look at latest path, a major decision, one new study pinpoint the most and least valuable College Majors, we will tell you what they are before you head off to school or send your kids off to school and how to manage skyrocketing student debt ahead. Your business is up and running, but is it going beyond fast . Comcast business gives you high speed internet. We also have Solutions Like powerful wifi that gives your entire business more coverage and automatic internet backup that can keep your business running. And it all starts with our gigspeed network. So give us 10 minutes. If we cant offer you faster speed or better savings than your current internet service, well give you 300 dollars for your time. Call now to get your comcast business 10 minute advantage. Comcast business. Beyond fast. Dagen Johnson Johnson vowing to appeal opioid ruling in oklahoma, Cheryl Casone has details, cheryl. Cheryl blockbuster, dagen, Johnson Johnson is calling this a flawed ruling, they do plan to appeal, but the Company Stock we should add rose more than 2 and the fine is a lot less than expected, as you can see the stock is higher in premarket 1 and a quarter percent. Tropical storm dorian can turn into a hurricane in the next 48 hours, National Hurricane center issued hurricane watch for puerto rico and Dominican Republic as dorian deals west and northwest. Just south of puerto rico tomorrow afternoon, this is just 2 years after maria. It did cross into barbados but officials advising people to stay inside, could hit south florida maybe this weekend as Tropical Storm. Then theres this, actor loughlin will go back to court today, well, their lawyers may face conflict of interest, they represented the university in a previous but unrelated case, also New York Post reporting daughter olivia jay not return to go fall this school, instead, dagen, she wants to launch beauty line, the post reporting that she wants to capitalize on her fame as the now fake crew child. Dagen she had a social media present and could have done that out of high school, the warrants wanted her to have a degree, she could have been a multimillionaire without ever going to usc. Supposedly they are still using the defense that we didnt know it was wrong. [laughter] dagen good luck with that, thank you, cheryl. Cheryl you bet. Dagen trade turmoil, china and u. S. On different paths, former mcdonalds ceo ed ramsey will weigh in on how businesses are handling the uncertainty, major decision, one new study pinpointed the most and least valuable College Majors, how to manage student highrocketed student debt as well. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Dagen investors watching ongoing u. S. China trade talks, joining us now former mcdonalds ceo, former daves barbecue ceo, Fat Brands International chairman ed ramsey, ed, what to make of this, you always bring heaping common sense, give us common sense . Well, this International Trade thing is really kind of interesting. I think strategically trump and his team and i want to emphasize team are doing exactly the right thing. China has to be dealt with, the intellectual property theft is well discussed. I think the economic matter is very important, to small Business People in china are really starting to feel the effects of the more aggressive Political Leadership in the country and starting to close down. These tariffs are having an impact and i think china does want to come to the table and talk and ultimately trump and his team and the chinese will come together and do something sensible and when that domino falls the rest of the dominoes will fall, so im optimistic about it. Lets not kid ourselves we are dealing dealing with chinese communists and you never know what theyre going to do. Dagen i want to correct myself heaping morsels. Ed, i want to move to fight of 15dollar minimum wage, the union targeting highway rest stops, bloomberg reporting that tomorrow fastfood workers in connecticut will announce wage step claims including 3 mcdonalds franchisees and declare their plans to unionize, i want to get your reaction to this. Well, the whole effort to get to 15dollar minimum wage denies the reality of unskilled, lowskilled workers and what their inputs are versus outputs, takes an awful lot of money to train a mcdonalds employee, somewhere north of 4 to 500 just the initial month of training and on boarding people that dont have skill sets and paying 15 an hour in new york city make a lot of sense, i dont disagree with that. Paying 15 in a Rural Community where cost of living is significantly less makes no sense and on turnpikes the costs are through the roofs, its expensive, rents are high, i find it ridiculous that the 15 are being pushed as it is globally, certain cities i get that, im all for it, but i think the minimum wage ought to be determined locally where you have congressmen and senators, local State Government that understands the economics of their state. Jon National Debate going on now that immigration policy and how to handle immigrants both legal and illegal, can you talk about the Restaurant Industry and in particular the fastfood industry and what role immigrants play there and economically whats the best way to fashion immigration policy right now . Well, i think in the large chains like mcdonalds and fat brands and others with a lot of franchisees, they are careful about this immigration issue because it can be very costly, look at what happened at pawei in arizona, had to close out restaurants because they didnt have employees, a lot of employees also that are found in grocery stores, you find in all kinds of little neighborhood Convenient Stores and in full service restaurants, it is a big issue. I know that there are a lot immigrants in those facilities working that are not here legally, they are really outstanding employees and its tragic that we havent resolved this issue. But the flood borders with the kind of people coming in today which are really highly populated with illegal behavior is not acceptable, its going to be an ongoing problem until we get control of our southern border and start to sort this out. But any company that hires a large number of minority immigrant workers to get those low wages, better watch out. I think the chicken plant processors down in the south that found out recently and its just wrong, we should not be exploiting workers ever. Dagen we should figure out a way to again, make these Jobs Available and make people legal in this country who are hard working and who have not committed crimes, i want to get your reaction really quickly and thats up to congress, but we can talk about congress all day long, they never do anything and still get paid, i dont meat, ed, kfc is tasting chickenlike nuggets, whats your take on meatless meat trend, vegan trend . Well, i think it really is here to stay, keep this in mind, the church with mr. Kellogg behind in 30s, worthington food founded by harding in 1939, the vegetarian meat crazy craze is not something new. The flavorings are getting better, processes are getting better. We used impossible burger at fat brands and our customers loved it. Its at the beginning stages of technology catching up with reality and i think over time you will see more and more vegetarian products an thats not to say that carnivores and meat lovers wont have their opportunity but the products will get better and i think its good, any time you can advance science and technology for the bettermen of the diet i think you ought to do it. Dagen amen, amen as a vegan i say that. I do not shame people who choose to eat meat. Dont shame us. I happened to like the impossible burger that we sold at fat brands, its a great product, do i like it every day, my favorite thing a a filet fish sandwich. Im not afraid of missing out frankly, its either this or that and like everything. I didnt get to 270 pounds by not eating. Dagen you look great, thank you for the wisdom. Coming up trouble for boeing, embattled aircraft maker facing lawsuit in major decision, one new study pinpointing the most and least valuable College Degrees, soaring student debt could be leading to scams. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Dagen welcome back im Dagen Mcdowell in for Maria Bartiromo, its tuesday august 27th, your top stories at 8 30 a. M. Eastern. U. S. China trade uncertainty, focus shifting to phone calls, chinas Foreign Ministry reiterating its not aware of calls between beijing and the u. S. And saying it hopes u. S. Can stop, quote, long action. Markets search for direction, uncertainty over china trade talks but we have 75point gain on dow futures after big rally in the market after President Trump said china wanted to come to the table and you saw gain as cross the board in the u. S. In europe, if you look at Market Action today, gains there as well, we now have plus signs in england on the ftse 100 in addition to france and germany. In asia overnight similar story, the only market to the downside was hang seng in hong kong off less than one tenth of 1 . The most valuable College Majors find out degrees that are most likely to turn into a highpaying job. Plus big businesses sports vetting and inside look at gambling facility in new jersey and how it successfully is taking on nevada, las vegas, futures pointing to higher open coming up the highs of yesterdays markets struggling over china trade situation, gerri willis on the new york stock exchange. Off the highs we had premarket this morning, we were up 100 points higher but down a little bit now, China Foreign Ministry Says yet again today they have not heard of any recent phone calls between china and the u. S. , they want washington, they say to stop their wrong actions, not my words but the china ministries, they want washington to create conditions for talks, as you can see the markets here improving even on this news yesterday the president saying, of course, that the resume of talks was imminent. Half percent. Joining us lawsuit from 737 max customer, russian company, subsidiary of russian state conglomerate, filed in chicago, maintaining that boeing intentionally failed to disclose information about the air worthiness of the 737 max jet, company ordered 35 of of the jets, they want 135 million from boeing, back to you. Dagen thank you so much gerri willis. Lets turn to 2020, former Vice President joe biden slipping in support, biden is at 19 down from 32 in the same poll back in june, Bernie Sanders and Elizabeth Warren are now tied for first place with 20 each. Is this a one off, you think, tom, and what do you make of this particularly heading into the Fall Campaign season . Yeah, its always dangerous to read too much into one and thats why i tell people look at the average, real clear politics average that has 5 or 6 polls taken over the same period of time in the last couple of weeks, biden still has the lead, obviously. Dagen not in that poll, he doesnt. Potential warning sign for joe biden, the core of his his argument to voters is his electability, hes the guy that can beat trump, some of the data supports that idea, to the extent that that argument gets chipped away by some of the polls showing if lead start to slip thats a big problem for him. Dagen its hard to connect the two has to do with kind of biden being biden and the repeated gaffes and i know that theyre amplified by the media, i know that when you strain the gaffes together kind of makes you Pay Attention but people who were at rallies particularly in early voting states, do you think that the gaffefield august, if you will, has had effect on the numbers . I do think theres concern among democrats and you saw this voiced by governor of montana, whoever goes against trump we need somebody at the top of their game and joe biden is not on tophis game. One individual gaffe or the things taken individually not a big deal but they add up over time and to the extent that they start to reflect, you know, things that are more than just stumbling of words where hes like the other day when he was in New Hampshire and said he was in vermont that kind of stuff does worry democratic voters and chip away of the idea that joe biden is her policies are actually further left in some ways particularly with wealth confiscation, wealth tax that she talked about on sunday. Split among, you know, warren and sanders and doesnt look like both candidates have tons of money and tons of support across the country, the longer that goes on, the better the better opportunity it presents for biden that they could sneak with nomination. Who is the alternative to biden if youre not far left of the party . I mean, that is whats been frustrating for centrist democrats, nobody has really occupied that space, really risen to the challenge. Amy klobuchar who hasnt caught fire, not really connecting with voters, so i think theres no real alternative to biden for centrist right now, that doesnt seem somebody will not emerge but its concerning that nobody has really risen to that. Dagen one reason certainly the candidates, i will move onto this that they focused on, student debt and Debt Forgiveness and college and we have been talking about this story, picking College Major can be huge decision and new study that finds some might be better choice than others, jon and i have a bet, according to bank rate naval architecture and Marine Engineering is the most valuable College Degree with Median Income of 90,000, drama and theater arts, the least valuable generating Median Income of 35,000. So, jon. Dagen was right. I said economics, you were right again. The question is how do the numbers change if college is free . Right. Dagen you cant get to you cant get there. Your debts are forgiven. Dagen you want to make combine an economic and political discussion, ive said this that it was the bank bailout that gave birth to Tea Party Movement and so there is on the left there is still this anti or where is my bailout crowd and a lot of student Debt Forgiveness was borne out of the same sentiment. Why are taxpayers pay to go bail out other people when you were fiscally responsible, it was about cutting spending and reducing the debt, it is the antibailout notion that the federal government will swoop in and rescue the big banks, jon is making the face. Where is my bailout when the government gets involved in paying for things it distorts the markets, the reason one reason its so expensive right now because the government has been subsidizing loans for so many years, thats why the debt is out there in the first place, its not a clean way at least in the United States to make it you could argue that the government should not be in the business and not be even more in the business. Absolutely. Dagen housing too, fannie mae and freddie mac are still controlling mortgage. Exactly. Jon, love it. Bernies climate plan, Stuart Varney says hes living in fantasy land. Betting big on sports, Maria Bartiromo inside look at new network at meadow land, first update from the tennis channel. Welcome back to tennis channel report from fox business, danny, williams sisters in action. Serena williams blasted old rival maria sharipova. The american with alltime win, claims 24th major crown in big apple. Sister venna also enjoyed day at the office, dropping single game on the way to second round. Dont forget tennis channel live kicks off our daily coverage from meadows at 8 00 a. M. Eastern. Im really into this car, but how do i know if im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Dagen 2020 hopeful senator Bernie Sanders setting himself apart from the pack of democrats with his own version of a green new deal. Joining me now the host of Varney Company Stuart Varney, what say you, sir . Ive got a lot to say about this. [laughter] dagen bring it. Stuart we didnt have time yesterday because of press conference at g7 and breaking news, we do have time for it today, i want to go through some of the main points in bernies climate plan because its radical in the extreme, i dont see American Voters going for it, try, this all Power Generation and all transportation must switch to renewables by 2030, thats only 10 years away, no coal, no oil, no net gas, no nuclear power, bernie says that after 2035 electricity will be virtually free because it comes from renewables, now look at some of the spending that hes got in mind, 2. 2 trillion to weatherize and retro fit businesses, 2. 1 trillion for families so they can switch to electric car, gee, didnt you want a tesla paid for by somebody else . 527 billion for Free Universal School Meals and expand food stamps, 36 billion to help people transform their lawns into foodproducing or reforested spaces. All of this will cost 16 trillion paid for by the Oil Companies which he will bankrupt, paid for by the rich, he will take their money an paid for by you the taxpayer and i think hes also just going to print money like theres no tomorrow, how about that for a vote grabber, i think its an absolute vote loser, thats just my opinion, dagen. Dagen i will leave it at that. Cant wait for next 3 hours, 9 00 a. M. To noon, monday through friday, this one will be a doozy, i can guaranty you that, Stuart Varney, teaming up for game day, inside look at new sports vetting network at the meadows lands. Oh, wow. You two are going to have such a great trip. Yeah, have fun thanks to you, we will. Aw, stop. This is why voya helps reach todays goals. All while helping you to and through retirement. Um, you guys are just going for a week, right . Yeah thats right. Can you help with these . Oh. Um, were more of the plan, invest and protect kind of help. Sorry, little paws, so. But have fun send a postcard voya. Helping you to and through retirement. From the 5am wakers, to the 6am sleepers. Everyone uses their phone differently and in different places. Thats why Xfinity Mobile created a Wireless Network that auto connects you to millions of secure wifi hot spots. And the best lte everywhere else. Xfinity mobile is a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Click, call or visit a store today. Thats it. Im calling kohler about their walkin bath. Nah. Not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call. To save 500 off bath walls with your walk in bath. Or visit kohlerwalkinbath. Com for more info. Dagen new jersey overtaking nevada as the countrys legal sports capital, big reason why, maria takes us on the tour of new 24 hours grid Network Inside fanduel sports book with sports grid president lou mahn. Tell me a little bit of what we are seeing here, explain whats going on today. We are partners with fanduel and this is where the action takes place, on game day people placing bets they come in here, they get to see the games and the odds, what they can bet on. What a great location because you have all the games, whatever games you want, all the different sports, tell me about the monitors and why each of the different sports are important. Yeah, people think its just about football, listen, nfl, they are the big in the room, im going to tell you this, nfl is special because we love watching on sundays, whats great about sports its every single day, you have baseball, tennis is huge, golf is huge. Maria not just gambling its actually handy capping the game, its actually getting the edge knowing the odds. Thats right, its entertaining, right . For us its not just about news and opinion, its about, hey, here is the stats, we partnered with sports radar, they have the api, the data that we need to be experts at what we do because we are generating content. You have the beautiful area here, you bar, places where people will sit and watch the game, you can look over here at the track. Maria dinner and get a drink. Real entertainment. Its all about entertainment and bringing experience back in the area. Social media being to broadcast live, news, update. All should be done which is great. We have more revenue in gaming here than in nevada . Well, what youre seeing over the last few months is the handle, the handle is the amount of bets placed in a particular area. In new jersey in the last few months we basically have taken out nevada from a handling perspective. You have to guess it, here youre crossing the bridge, see great content, get the edge, watch, have a drink, place a bet. What else could be better . [laughter] maria terrific. Dagen thanks to jeff and lou, still ahead final thoughts from allstar panel, stay with us. Kevin, meet your father. Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. This is jamie. Youre going to be seeing a lot more of him now. Im not calling him dad. Oh, nno. Look, [sighs] i get it. Some new guy comes in helping your mom bundle and save with progressive, but hey, were all in this together. Right, champ . Im getting more nuggets. How about some carrots . You dont want to ruin your dinner. Youre not my dad thats fair. Overstepped. What about him . Lets do it. Come on. This summer, add a new member to the family. Hurry in and lease the glc 300 suv for just 419 a month with credit toward your first months payment at the mercedesbenz summer event. Going on now. Dagen final thoughts from this allstar panel . Tom, to you first. Regarding the last segment on Sports Betting, theres a lot of betting going on on politics right now in 2020. We are in the process of working on a project, we will be rolling something out the next couple weeks that deals on betting on the political market. Keep an eye out for that. Dagen awesome. I was showing somebody in my hometown the realclear average of polls and how to read into them. Jackie . Slowly watching the futures turn around. We started out negative, we are up 90 now. Hopefully the markets are digesting the news from yesterday, still optimistic and there wont be a wrench in the optimism. We have been talking about china all morning. The markets want a resolution and a fast resolution. We are talking about fundamentally changing the way the worlds two largest economies interact. It just doesnt make for a quick resolution. We got to be prepared to sit this one out for awhile. Dagen john, good to see you. Jackie, tom, thank you one and all. It is always such a pleasure. Weve got to talk about hard seltzer as well. Varney company is up right now. Mr. Varney, Stuart Varney, take it away. Stuart good morning, dagen. Good morning, everyone. Johnson johnson has been ordered to pay the state of oklahoma 572 million. The judge said they played down the dangers and oversold the benefits of opioids. Now, there are more than 2,000 opioid lawsuits still going forward. Youd think that would be bad news for j js stock but look at this. The verdict came after the market closed so today is the first opportunity for investors to pass their judgment, and the stock is up 1. 40. Thats premarket trading. We are going to get into this just a little later in the show. That monmouth poll has thrown a big wrench into the president ial campaign of joe biden. Hes lost his lead. Hes made another gaffe. On occasion when he goes off prompter h