The allegations in a new height. Big news from millennials their obsession with avocado toast it is monday it is september 16th fbn am starts right now. Little beetles to start off monday morning everybody welcome to fbn am and good morning im cheryl casone. Happy monday good morning im lauren simonetti. I want to take a look a lot of breaking news overnight it is affecting your money this morning. We are seeing pressure in the futures market on middle east tension what is we with just mention that tao is down 111 s p down 14 nasdaq down 59 remember, though, the fed is meeting this week a very busy week or for markets folks. Paying a look at the yield on tern injury treasury back on friday down to 1. 8 this morning. Well that attack in saudi arabia sending price are of oil surging this morning the contract was up more than 15 last night. Havent seen that since may 21st right now up about 7 and a half last on crude 58 8. Brengt at one point it was up 20 in asia, i do want to point out that nikkei in japan is closed for a holiday but self disappointing Economic Data out of china but hopes there for more stimulus so hank shy composite flat on the day. Hong kong down 8 and protest did turn aggressive. European stocks trading lower and investors digesting as Global Investors that news coming out of the middle east and, of course, that big attack. Smg back here in the u. S. Nearly 50,000ing general motorrers work walk off the jobs first strike at gm in 12 years. Production is expected to stop at 55 facilities around the country. Christina is live for us this morning in arlington, texas with all of the latest christina, good morning. Good morning im at appellant right now that has over roughly 4,000 workers there currently the late shift theyre going to be shifting over their dispersed at 11 different gates right now it seems like theres about 25 people but all around this massive plant and this situation is you have united autoworkers that is demanding three big automakers recognize their workers more specific isly at the moment, the union has extended contracts with fiat as well as ford but more with gm that hasnt been the case theyve let that contract expire. Just before midnight ian time yesterday evening so what are the five things theyre asking for. Fair wanks asking for affable health care which is a very, very contentious issue in this entire discussion because gm wants to put more of the burden on the workers. Theyre asking for larger share of profits job securities and a permanent path for those temporary workers theyre also on the sidelines asking to reopen self across the country like you mention were expecting at least, you know, possibly 46,000 people to join these protest these are 46,000 union members, at over 40 plants across the country. Specifically, though, gm has had responded too they said they have given 7 billion dollars to the u. S. Economy. They have given 54 extra 5400 extra jobs at this arlington location, though, they make all of the large vehicle, all of the large suvs for gm more specifically the chevy. The chevy tahoe as well as the suburban and so issue help to for talking about numbers, the average number of supplies right now so for this actual location is below average. On average their supply for 77 days. But at this location about 57 days. But theyre expected to continue staying out here until, you know, until this get negotiated. If they continue theyll be making about 250 dollars u. S. Per week paid by the union. Back to you guys. Ivelgt theyll resume and live for fox business by the way all day out there. Christina, thank you. Well President Trump says that the u. S. Is ready to respond to the Saudi Oil Field attack and president waiting for verification of who is responsible for the drone strike, the disrupted production. Nearly 6 million crude oil barrels. Aye sha has more for us. Yeah good morning to you lauren and cheryl, the world is watching and waiting to see what happens next. Lets take a look at those satellite images from saudi arabia. This is the oil facility that was attacked on saturday by a drone. Now, this disrupts about 5. 7 Million Barrels crude Oil Production thats 5 of the world daily oil supply. Now yemen iran backed rebels are claiming responsibility for this. But the u. S. Is is accusing iran on sunday, the president tweeting Saudi Arabia Oil supply was attacked. There is reason to believe that we know the culprit are locked and loaded depending on verification but are waiting to hear from the kingdom as to who they believes was the cause of this attack. And under what terms we would proceed. Now iran is denying any involvement in this calling the accusations ridiculous. And some in congress are now calling on the president to not rush to judgment. I think escalation the world would be a big mistake, the anxious is trying to have a negotiated ceasefire peace in yemen and bombing iran wont do that this was a regional conflict but no reason that superpower of the United States needs to be getting into bombing mainland ran. On Fox News Sunday counselor to the president Kellyanne Conway doubling down on the president s tweets. Secretary pompeo made clear that the Iranian Regime is responsible for this attack on civilian areas and infrastructure vital to our Global Energy supply and were not going to stand for that. Now there are, of course, fears of a spike in oil prices, as markets reopen in just a couple of hours. And that is why lauren and cheryl, the president has already authorized the use of oil reserves in texas. Well more on that right now thank you aye sha. President trump did authorize release of ole from the u. S. Strategic petroleum reserve. Spr to keep market supplied and this Morning Energy stangdz ready to relief enough oil tooff set iran attack on the Global Economy and Energy Markets the market is resilient and respond positively but were seeing shortterm spike in the price of crude oil. Also breaking overnight Perdue Pharma has filed for bankruptcy protection 50 days ago oxycontin maker reached a tentative settlement with many state and local governments. Well two dozen states remain opposed or uncommitted to that deal and that does set the stage for contentious legal battle or several battles it means that purdue about will be removed from federal trial scheduled to start next month. And cancer cause chemical found in popular over the counter heartburn medication sudan tax cautionings people the not to panic, however, since it was only found at low levels no recall issued. Agency is advising patient who is take zantac to consider switching to a different medication. Well, u. S. And Afghan Forces striking a major blow to the taliban this weekend. It was deadly. Tracee carrasco here now with the details. Good morning tracee. Rng good morning two senior officials nearly 40 members of the taliban were reportedly killed in a joint air strike from u. S. N Afghan Forces yesterday rioters reporting more are planned heated of the afghan elections on september 28th. This coming after a statement from President Trump on saturday that al qaeda lead was killed by a u. S. Counterterrorism operation in the afghanistan, pakistan region. It is the end of the line for movie pass, the Monthly Subscription service which allowed movie lovers to see one film a day for a discounted price officially closed on saturday. The service which launched in 2011 claim their efforts to keep the service profitable have not been successful. Seen troubles over past two years including reporting that it expose thousands of credit card numbers. In a press release the Company Leaving the door open saying it doesnt it know if or had when it will return. A chicago federal agent has been indicted on 12 count of wire fraughted after rigging delta sky miles point system. Federal Authorities Say janadi used his position at vega travel services to net himself 42 million delta sky bonus point worth about 1. 75 million and he allegedly booked points registered in the name of a fertility clinic owned by relative of the travel services president. He also signed sky bonus points to other customer unrelated to the clinic. And the lead singer of the new wave rock banding the cars has died it at the age of 75. Rick was found dead in his apartment in new york city yesterday afternoon apparently of Natural Causes estrange wife reportedly pounds singer unresponsive in 1978 car shot to fame with their selftitled hit album which included hit my best friends girl and just what i need and inducted into the rockandroll hall of fame last year and that is whats happening now. Wow. Tracee, thank you. Thank you. All right we will lets take a look at futures this morning. We have got a selloff on this monday, all of the, of course, after a saudi oil attack many believe it was iran as you can see the dow is down 11 is right now s p is down 13. 5 nasdaq down 55 and quarter oil is jumping as equities are falling in the premarket. Now iran accused of launching that attack on his oil field, the country, though, is accusing the u. S. Accusing us of maximum defeat as warning that military is, quote, locked and loaded. Conflict pin evitable. Were going to talk about and General Motors hit with a first union strike in 12 year withs will the automaker be brought to its kneeses . That story going to be developing all day right here on fox business. At synchrony, were changing whats possible. For instance, we know how your customers shop. And what theyve already purchased. Like this lamp. And we use those insights to show you what they might consider buying next. Midcentury modern, nice. That way, you can keep sending them offers for the perfect products. 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Ask your doctor about vascepa. Prescription power. Proven to work. Im working to treat every car like i treat mine. Adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what hes working for. Should always be working harder. Thats why your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Tension spiking after attacks on dee oil fields the president tweeting this Saudi Arabia Oil supply was attacked theres reason to believe that webb the culprit locked and loaded extend on verification but waiting to hear from kingdom who they believe was the cause of this attention and whawrngd term we could proceed. Retired army hes the senior fellow military expert for defense priorities , good morning. Good morning lauren how are you . Two biggest questions this is morning who and how are the questions surrounding this attack was it a drone was a Cruise Missile was it iran or the rebels . I think the bigst question is what should United States to and at the core of this this was an issue between saudi arabia in iran. This was the century old dispute between and expansion of the proxy war between the two in yemen and no u. S. National security interest involved here in the Energy System itself is very flexible and fluid and we can respond to this and we do not need to be acting basically as sod dee Defense Force to respond for them and anyone will respond it needs to be saudi arabia. So what is the response, though, obviously, you would be again with senator graham has had prpgzed perhaps attacking oil fields in iran. But liz is saying Something Else shes saying well you have the unga general asemillably coming up and why dont you deny visa toes the yiet . Certainly anything thats not military something we can look at because we have an interest in having this situation resolved because it is not good for anybody for the Global Energy supply to be put at a reask like this. But the fact is, our arm forces are not designed to help some other country that fought their battle and it is only attacked and were definitely not attacked so it is not appropriate to use our arm forces. Got. Based on what, you know, looking at the satellite image of all of this do you think this is too sophisticated of an attack for the rebels or do you think this was iran . It is entirely possible. But it could be either one of them buzz you know a lot of people have been going into more Drone Technology getting more sophisticated but it could absolutely be iran. But this is all of the more reason why we need to put diplomat pick pressure on both parties to get this resolved in yemen because it could spill l over and cause a war that could involve all kinds of other people and you think the price of oil was spiked today it nothg compared to what would happen if we get in a conflict there. Good point kernel davis thank you for joinings. Were keeping an eye on futures this morning middle east tensions from saudis possibly iran, obviously, whats happening here and watching oil. Were seeing oil jump and markets fall. Dow is down 114 on the premarket is down 1, and three quarters nasdaq is down 58 and a quarter. Also coming up, new allegations released against Supreme CourtJustice Brett kavanaugh. And some of the dems are demanding impeachment but could an update is from New York Timeses change everything . And chevy promise to keep cost down on new corvette. Well cost down thats kind of a oxy moron and explain when we come back on fbn am. I mean, if you havent thought about switching to geico, frankly, youre missing out. Uh. The mobile app makes it easy to manage your policy, even way out here. Your marshmallows. Get digital id cards, emergency roadside service, even file a. Whoa. Whoa. Whoa. Whoa. Whoa. Whoa oops, that cheeky little thing got away from me. My bad. Geico. Its easy to manage your policy whenever, wherever. Can i trouble you for another marshmallow . 2,000 fence posts. 900 acres. 48 bales. All before lunch, which we caught last saturday. We earn our scars. We wear our work ethic. We work until the works done. And when it is, a few hours of shuteye to rest up for tomorrow, the day well finally get something done. ive been a caregiver for 20 years. No two patients are the same. Predicting the next step for them can be challenging. Today were using the ibm cloud to run new analytics tools that help us better predict and plan a patients recovery. Ultimately, its helping thousands of patients return home. Talks will resume this morning between striking autoworkers anden General Motors depending how long this goes it could cost money was millions of dollars and backout is cool as gm is trying to cut cost ahead of expected downturn in u. S. Car industry overall and turn to lauren good morning, lauren. We want to let our viewers know we did get a statement from General Motors i thought it was that they issue a full statement what about they put on the table for the uaw but create 5400 jobs a the over 7 billion investment add to worker pay, add to Health Care Benefit go through the details there and then also had you to figure out what to do with idle plan in michigan and ohio. Who has got leverage here . Right. Thats a big offer. I mean, gm didnt shut down, talk about putting electric trucks there and using ham facility outside of detroit for building suvs. So they are trying to work with that. I think part of the problem is when the shutdown lord town plant said they were going to start produce some product in china i think theyll put a target on marie bar back unfortunately shes doing best she can running very Large Company on a global basis. But running up against the union like this, they typically pick one particular brand and tend to go after it and gm was this years or in this case this time because this contract is four years old. True, though, what theyre doing is going after gm first because theyre frankly in best health financially ahead of ford and this seem like biggest, you know, fish to go after frankly to try to get a good deal. True but ford and fca like theyre ready to sign their dealing and close to sealing it. This is a big issue wh you shut down plant and put people out of jobs and when having two plangts shutting down that was a big issue and youre right a lot of profits to be the one theyre going target. What do you make of the controversy thats vowpgding uaw itself right now . Youve got this, obviously, the documents have been released by now finding out that president gary jones is official a, and in in corruption probe this is a federal probe, and some of the things that in the Associated Press reports somewhat damming you know using money for trips. For homes, personal use, union money, and we dont know where this is going to go but that has to anchor rank and file who are now not going to work this morning. This is very damming situation i mean think about the fact that you have a federal probe and they actually raided someones house last week. And to find a lot of cash that means that money paid in purdue to help support efforts to get better pay, better wages more jobs, this is very upsetting to people at the uaw and two people involved in federal probes one is region director and neither of them are involved in negotiations as far as we know. But thats certainly not what they need uaw or any union dupght need to have this type of issue going on. And they need to get rid of the corruption they have internally. Especially when theyre offering, you know, allergy testing chiropractor compare and giving them wage increases. You know, they have a strong offer like i said i thought it was interesting that they put that publicly out there. In the middle of all of this. Lauren it is beginning to continue thank you for getting up early on this breaking news we do appreciate it. Any time thank you. Despite strike still planning to roll out the 2020 chevy corvette this fall and car generating a lot of buzz as it goes through most radical change ever like moving engine from behind hood from behind compartment compartment and go from 0 to 60 in under four seconds. Gm promising car will be a p takenment base price under 60,000. How is 607 grand attainable . Not a sports car price i suppose. But take a look at gm stock this morning. It is down 3 , 3770 a share and tack look at the Broader Market right here. Sharp selloff dow down 107, s p down 1 and nasdaq down 55 this morning and investors questioning the Global Economy amid trade war with china can can handle a spike in oil prices coming up more on that attack on vawb oil facility putting 5 of world splice offline. What will it mean for what you pay at the gas pouch . And forget gas and charge terse, toyota says it has plans for an electric car that will need to be charged ever again. Those details, coming up on fbn am. Took care of her car rental, and getting her car towed. All i had to take care of was making sure that my daughter was ok. If i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. Were the gomez family. Were the rivera family. Were the kirby family, and we are usaa members for life. Get your Auto Insurance quote today. [upbeat action music] pilot were going to be on the tarmac for another 45 minutes or so. A bombshell bust overnight the New York Times walking back it reportable as Sexual Misconduct by Justice Brett kavanaugh saying victim has no recollection of the decade old incident. Griff life as democrats push for jts impeachment. Griff, good morning. Good morning lauren and cheryl this was a major correction in New York Times revising story about new Sexual Misconduct allegations from this time at yale claim services in a new book from a former cav class mitt and turns out that allegations were uninvestigated accuser doesnt remember the incident. The times writing in a correction, we corroborated this story with two officials who have commuted with mr. Steyer and female student decline to be interviewedded and friends say she does not recall the episode this after theth if was vigorously defending his Supreme Court justices, jt tweetingbred kavanaugh should start suing for liable or Justice Department should come to his rescue the lie is being told about him are unbelievable false ac disation kowt recrimination when does it stop theyre trying to influence his opinion cant let that happen. In the correction comes after nearly all of the 2020 include candidates begin calling for kavanaugh impeachment two of the senators who is grill kavanaugh a year ago Kamala Harris cory booker as well as Warren Sanders trough and biden using i word but issuing this statement and New York Times raises profound question about integrity of the process that put kavanaugh on the Supreme Court in the first place, and beto orourke had this to say. American people deserved better, and given the fact that it appears as, though, Brett Kavanaugh lied under oath which is a crime, i think that he has disqualified himself for service on the Supreme Court. He should step down or should be impeached. Theres no indication there are any plans on capitol hill to start impeach m process of jt kavanaugh. And Chuck Grassley said hell defend chuck at all cost and were going hear more about this big correction later today. Absolutely. Griff jenkins thank you and were going discuss basically where we go from here. You know, you have donald trump saying, kavanaugh should sue for liable we have joe billedden saying well were republicans pressuring the tbig to under investigation or not investigate where do we go from here . Look i would say this has a major walk back by the New York Times. This is a story that was not vetted. The alleged victim was not the person who brought this to the attention. She, in fact, she has friends who say she doesnt recall the incident, i mean, that was really borderline negligent reporting not negligent reporting look what you said is true. Could Brett Kavanaugh have a case for defamation that the hard case to prove. Is he going pursue it probably not. Probably just speak to continue to vet these stories you know to make sure theyre attacked and especially when they have no credibility. And look as far as the deems they jumped onboard without actually having information and went like a speeding train and not much done a legal perspective but look we have to take storieses with a grain of salt really vet them before we every 2020 democrat come out and say look lets impeach him. But on what ground perjury that he lied about underoath . I dont think they have a case for that at all remember impeachment require 51 at the house and then twothirds at the senate it is unlikely that would happen. Given the demographics in both houses but look, about as far as perjury, that is such a high bar, and the reason that they have not pursue is because it doesnt really exist. And does public have an appetite for this because it got done with these kifnlings hearings not too long ago. I want to switch to talk about power Perdue Pharma and states are upset that happened they want more from perdue but something get . Cant get flood from a so all offing that money going towards this settlement is going to be used up if theyre fighting this in a litigation so they might be better off just joining in on the settlement letting a bankruptcy judge is going to decide how this money is diff out because they it litigating the case and nothing to go to care to treatment programs in all of the good things that that settlement money can do for people that were affected by ownership i did crisis. Misey thank you for covering those stories. Cheryl over to you. Oil prices are souring this morning after Drones Attack saudi arabia Oil Production facilities over the weekend and breaking news weve been following this morning President Trump tweeted this yesterday with, based on attack on attack on saudi arabia i have authorized release of oil from the spr if needed to be determined to keep well supplied informed all appropriate agencies expedited approval of the the oil pipeline currently in the process in texas and other states. Lets bring in david dietz at point view Wealth Management and directors of Energy Futures at america guys, good morning. Good morning david first to you the big question is what does this do, of course, to the economy if we do have this sorning in oil prices which may or may not continue we believe get a third of the production back online today thats the expectation. What does this mean overall as weve got the central bank in focus this week . So certainly not helpful to have this Oil Price Shock when, of course, Central Banks around world are trying to reliquefy World Economy to ward off threat of global recession, of disputea after that i think the the key question is this a one off or to we need to worry this is a repeating problem as tensions between the United States and iran continue to stay very hot and, of course, now john bolton of the administration have been shown reserve is this going to give iran the confidence to keep going after saudi arabia causing problem here . John no long we are the qhows question should add, though, in the administration but i do want to kind of go back to this issue of whats beginning on with the iranians and this middle east tension because robert even s p global they go look. There could be a 510 premium on oil because this makes it very it is just a high intense situation if it doesnt resolve soon and it may not that we are going to see oil go higher at 5 , 5 right now and thats 8 and a half jump this morning but it could get worse. Sm it could gets were and plenty of u. S. Military assets in the area. St there a miscalculation along these lines, this could get a lot worse. But i would tend to think that i think as they are today, the situation will kind of smooth out here saudis have oil capacity 35 day worth around globe. They have spare capacity, we have accident is pr that we made available so i think this initial shock we should see a little bit more upside not looking to get us away here this current price that we are at is within the range that we have been in recent months so were still in the range but threatening to trade higher. Okay it is were see like in e premarket right now exxon is up like more than 3 were going to be watching Energy Producers today. Also i want to bring up another issue here thats the saudi iran what does this mean for them . Well certainly when your key production facilities are expose and subject to attack that does not help value of yours so that puts a flip side so autooil prices are higher so i think that this could certainly delay the launch of that ipo and that is unhelpful for saudis and dont let mr. Trump do that. What this could mean for the Global Economy from an energy stand point looks like were not going to have any iranian oil on the market for the future so were going to have a little bit less supply out through. Yes, so that glim linger of hope that weve seen iranian barrel on the market and did traitd lower an that last week thats not going to happen any time soon. We do have a spike here but United States we have crude oil here and 20 barrels more than last year and over 600 Million Barrels in the spr. We have 400,000 in commercial storage we have a lot of crude oil and have a lot more crude oil in shortterm future we have pipeline that came onsb line in august that is adding barrels to global system we have pipe lime and accommodate a lot of folkses with our crude oil. Now up more than 8 that was a story there and of i. T. David robert i thank you so much for joining us on this breaking news this morning. We appreciate it. Thank you. That oil story and sell off pressuring global stocks here in the u. S. The dow is indicated to open down 113 point about half of one percent nasdaq down three effort aways of one percent. Still ahead time to talk british Prime Minister set to meet with the president of the European Commission today. Do, die or delay time for brexit. And how you can win 50,000 just for eating oreos. Oh. Okay i know. Im on it. Keep it here fbn am returns. Well huffman sentencing in College Admission scandal reportedly struck a neive with loughlin. We have got that full house star is reportedly regretting not taking the plea deal in the case after learning learning thn handed 14 days in jail 250 hours of Community Service and a 30,000 dollar fine. Loughlin and her husband rejengted a plea deal back in april and could face up to 40 years behind bars. A source telling People Magazine that loughlin also made the best choice for herself at the time. Toyota reportedly wants to design a car which can forever. The the automaker testing new solar powered prius with ultimate goal of ditching charging stations. Bloomberg reporting that toyota has been working on the Technology Since july. The car hasoof and hood and sals about 7 miles to cars drive ling range and can charge while vehicle is on the move. Oreo bringing back its mystery flavor. They look just like regular owes but have a different taste. This time the company is giving fans an incentive to find out what that flavor is. One person who cracked cookie case will win 50,000 that cookie hit store shelves nationwide today you have until november 10th to submit your best guess for chance to win and that is what is happening now. Tracee, thank you. Thanks. It is a critical week for brexit as Boris Johnson will meet with European Commission president jean paul today to try to score a last minute deal. Neil wilson chief market analyst at markets. Com and neil good morning. Good morning. Are you even a little bit hopeful that we can get in agreement between johnson and counterparts in the e. U. . No im not holding on much hope. I dont think the markets are either. To be honest with you. I think, you know, weve seen how the sort of red lines are from the e. U. , and where this sticking points are and i just dont feel that theres any sort of room for maneuver here. And even if there were. Even if Boris Johnson somehow sort of fudged on rehatch of theresa may old deal, and i would be surprised if parliament were to approve that. I think having lost a majority, theres no consensus involvement for any kind of deal. Prime minister johnson says he wont delay, what happens . No deal brexit end of october . Well supposedly tied by the law that is being passed by peace and i think were coming to a sort of, you know, the critical point really Parliament Even needs to decide on revoking and going through a general election or carrying out the new deal. I feel l that were coming head and i think Boris Johnson state is all political career on a person. I think theres still a real chance that we e do leave them without a deal. All right neil thank you very much for the time. We continue to follow breaking news, of course, General Motors the uaw has issued members do not go to work today youre looking at live pictures arlington, texas quiet now a reporter on ground a few momenting ago telling us had shift change and were expecting to see hundreds of folks that are going to be rising with the sun in auralling to tongs a parf dallas and 1200 vehicles day made at this plant were going look, of course, at the 6 45 by the way in dallas, texas right now. And right here 5 45 a. M. Eastern tile futures are pointing lower dow down 123. Nasdaq is down 61 still ahead the fed meaning this week and newscasting big on that rate cut baked into Housing Market and luxury buyers factor into all of this, and one city wants to make a big clack to School Lunches. That could make kids everywhere really supersad. Youre watching fbn am. Im off to college. Im worried about my parents retirement. Dont worry. Voya helps them to and through retirement. Dealing with todays expenses. While helping plan, invest and protect for the future. So theyll be okay . I think theyll be fine. Voya. Helping you to and through retirement. Thand find inspiration who win new places. Ct. Leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. Imagine a world where nothing gets in the way of doing great work. Where an American Icon uses the latest hr tools to stay true to the family recipe. Where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. Where the nations Biggest Party store can staff up quickly as soon as its time for fun. This is the world of adp. Hr, talent, time, benefits and payroll. Designed for people. Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Plane yals rejoice new report from the department of agriculture says National Price of avocado down to a dollar 16 way off 210 where it was just back in july. And some savings on avocado toast is today National Guacamole day. Avocado is good for you. Very good for you. [laughter] well Federal Reserve is. Thed to cut Interest Rates for second time this week since financial crisis is this move, though, going to be ast boost to housing . Lets bring in beth ceo and beth realty a hot topic but lower of Mortgage Rates especially the the 30 year after this week . I think were expecting cut in the rate. But i dont predict that it is going to have an impact on buyer morale and i dont think were going see this all of a sudden influx of buyers purchasing. Because i think that the problem is that people are concerned about a bigger issue and i think this highlights the challenge that we face right now. Which is theres a lot of overprice inventory. What about fears over recession . Wee dont have a recession but we can take ourselfves into one. Smg i think thats part of the problem too because right now buyers are seeing thats theres this stock market has been a little bit volatile which we dont love, and that creates uncertainty, and then theres this talk of are we going to go into a recession and buyers sort of recoil . Were in a very value driven and price sensitive market and buyers are looking both ways before they purchase. The the year in manhattan luxury sector which is a little bit different from the rest of the nation. Is the luxury buyer the million four million, 5 million person are they sensitive to Interest Rates as lower tears are . I dont think so. Because typically in manhattan theres a lot of cash buyers, when youre dealing with a million, four million and up thats market you theyre not looking at rate as much theyre not considering it. Were going to get existing home sales later this week house starts later this week and data has been solid do you expect that to continue . I think it will be stable that is good we like the fact that permitses are a little bit higher, and were seeing that you know the market has not had had a complete lapse. So were positive. Were thinking about carl icahn making news. You know moving out of new york heading to florida. We have seen the exodus continue for the really the last decade now. Whether it is connecticut, new york businesses are just done. How bad is this going to get for the new york market . You know there was some estimate that said roughly 300,000 people are leaving new york to go to florida. And part of that is the new tax law we know thats a factor. But it is also weather. I mean, people want a easier climate, and so people are moving to a place where they feel more kivel and so i think that thats a choice for everybody to make. Doesnt that mean that lawmaker as here in this state, connecticut, new mexico have to reevaluate taxation in general. We want people to stay in new york it is a wonderful place to live but affordable for people. Well we see, of course, that the fed does this week and get a big decision on Interest Rates and we have with got that housing that are coming out thank you for a preview of all of that. Sk thank you for having e me. Thank you so much. Lauren over to you. Coming up sometimes it is small joys in life that mean the most a new study shows the shocking things we are willing to give up just for the the things. And School Lunches may never be the same. What one city plans to eliminate that is dividing kids and parents everywhere. Take your companys app. We can add in all sorts of capabilities, which help your customers manage rewards, offers, and payments on the fly. And now, applying for credit can happen in a flash. That way, more people can start shopping with you on the spot, wherever they are. Hows that for changing whats possible . The ncome on. Y glc. [ cars honking ] its so late. Yay. It fights traffic. No parking. I told you. Oh, a spot hold on. It fights tension. Seriously, did you take my phone . Passenger light on. It even fights. Fighting. Innovation that keeps people together. The 2020 glc. Lease the glc 300 suv for just 479 a month at your local mercedesbenz dealer. Should always be working harder. Thats why your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. The secret to happiness could be found in Little Things and you wont believe how important they are to some people. Joining us now with that happiest is something we all want to attain but how . Theres a thing small joys all right this is about small joys in life so it could be that cup of coffee to one of my favorite things listening to your favorite album and now new study show just how far people would go to make sure theyre able to have those things. For example guacamole it is all of the raise these dayses, one in four swim in shark infested waters to make sure they were able to have guacamole for a year. All right. Another one one of my favorites people would not talk to their family one in five peel would not talk to their family to make sure that they would have their small joys in life. So other one too. Shave your head not leaving house for a month. Just for joy just to keep us 1800 a year that makes sense coffee. Got it. So we piece this earlier lauren and i are heartbroken about this. This is horrible. New york wants to make a big change to school lunch. This is sad no good thanks plash owe ruining everything. You know what i mean him and School Chancellor now want to ban chocolate milk. From student and a schools and this is they say over Health Concern and sugar intake but it is chocolate milk thats being a kid. Now, the thing is the argument the counterargument is that if you ban chocolate milk at least kids were getting some sort of milking but now it some may drink it because they may not. The regular milk so this was the new movement that is happening because it is all to protect the children. Smg dairy industry responded . Theyre not happy whatsoever. Twothirds Dairy Farmers up in upstate new york this isnt good but i did find out that San Francisco and washington, d. C. Some of their Public Schools have banned chocolate milk already not surprised about have chocolate milk everybody this morning. I think i will. Thats it for us now send it over to Maria Bartiromo in mornings mornings with ya. Good morning ladies thank you so much. Thanks for joining us im Maria Bartiromo happy monday everybody. It is monday september 16th. Your top stories right now just before 6 a. M. On east coast, we have breaking news right now. Dee oil field have been attacked nearly 6 of Global Oil Output taking out questions remain as to who is behind the attack but President Trump says, the u. S. Is locked and loaded and thinks it knows who it is that would be iran. The Market Impact this morning oil prices are up. Take a look were expecting this. They are soaring right now oil prices up almost 9 on light sweed crude at 5959 brengt crude higher by 7565 1saudi kingdom raising to bring production levels become to normal this morning futures are reacting to attack and the move in oil pointing towards a lower opening for stock price this is morning. Dow industrials down 111 point and s p down 13, and nasdaq lower by 55. General motors workers have gone on strike nearly 50,000 workers walked off the job. Were taking a look at what is at stake when negotiations resume later this morning. A lot this morning had coming up right here right now mornings with maria begin right now. And a happy monday morning to everybody we have a big show this morning joining conversation this morning fox business noshing Dagen Mcdowell campus reform. Org editor in chief. With us this morning along with partner Mitch Rochelle great to see everybody today. Good morning a lot to talk about. Ing right and particularly in terms of the impact on oil market by this production on hit 5. 7 million borrels per day at the strike if saudi arabia and how the u. S. Is in a unusual role to make up that production loss. Us being the Number One Oil producer in the world and one of the large essex porters of oil and gas. Important point to make and talking about former ambassador under president george w. Bush here to discuss and iran and saudis iowa and member arm service and budget committees here on oil and judge kavanaugh a lot to talk about there as well. The chief