Out tonight . We will have that for you and so much more on making money. Charles President Trump is on his way to japan for the g20 summit right now. Where he will meet with chinas president xi xinping. They will of course going to talk about this trade deal. Meanwhile President Trump airing his grievances with china on fox business this morning. They have taken advantage of us as a country for so long, theyre so far ahead on average, this country is losing more than 500 billion a year with china. Charles Edward Lawrence is live in osaka with a preview. Edward . Reporter yes, charles, good morning, from osaka. It is tomorrow morning. The city is on lockdown for World Leaders coming here. They will be on the world stage, next few days here. President trump on air force one, now on his way coming over here to osaka. He will meet eight World Leaders over the various course of the next few days. One meeting with all eyes on with russian president vladmir putin. The president will have about an hour with the russian president to speak about certain things. Senior administrations Officials Say they will talk about iran hostilities and ukraine. The president will talk about trade. He will have about 95 minutes with president xi xinping from china. The president saying the next round of tariffs might not be at 25 . Indicating it could be possibly 10 tariffs. Well see what happens here. This week will go a long way to say how the trade talks in the future will go. Spokesperson for the Chinese Foreign ministry criticizing the u. S. Ahead of the g20 summit here without mentioning the u. S. Spif. Quote, instability and uncertainty in the World Economy are mainly attributed to trade tensions which are largely caused by unilateralism, protectism and bullying acts. He went on to say china is a vick sim of restrictive measures by other countries. Adding that china wants to work with a coalition here to stop economic bullying as they call it. This is tough talk more on lines of gaining a coalition, rather than trying to sit down with the night here. There will abdel mitigation meeting next few days. A meeting between President Trump and president xi. That will determine the tone how things go forward on trade with china. Charles. Charles we have Michelle Gerard and university of maryland economist peter morici. Michelle, we had highs and lows, optimism, pessimism, where do you think we stand right now . What do you think the outcome will be . Our next best best is not unfortunately any firm resolution. You may get a situation where tariffs are delayed while negotiations continue but i find it hard to believe this is going to be resolve in a way we feel like the air is clear. It will be very interesting though, to the extent that we even get a reprieve, even if we got good news, you talk about the fed, how the markets would take the removal of uncertainty about a trade outcome. In some ways obviously the removal of trade is very positive. Then on the kneejerk rethink of it, what does that mean for the fed . Maybe the fed will cut rates . There is a lot of pieces that fit into this, trying to assess what the outcome or potential scenarios might be around this meeting. Charles peter, your thoughts. My feeling is they really cant accomplish a lot because of the constraints that are on the two leaders. If they decide to sit down, there will be 18 other basically National Leaders that will be very disappointed, because if they decide to sit down, in some way relax tensions with regard to the tariffs, wake up, there is still a lot of problems in the global economy. Europe cant grow for reasons entirely to do with europe. China has fundamental dysfunctions internally. Were facing difficulties. The tax cuts has not worked out exactly as they should and country is leaning left now. All that comes to the foreground when you have tariffs kicking around anymore. The tariffs are not that large with respect to the global trade. They released a study that global trade is contracting blaming it all on donald trump. If they dont have donald trump to blame anymore, they have a lot of explaining to do. Charles mesh, something you said with respect to the federal reserve. Jay powell said it has not a negative impact on economy but a negative impact on psychology which also moves the economic needle. Do you think, for michelle, i will come back to you, peter, do you think there could be a scenario where trade talks are resumed in a way, where were back on the glide path and fed cuts rates next month . The fed chairman acknowledged in a press conference after the fomc meeting if there was a trade deal, would that take rate cuts off the table . He acknowledged they were looking more broadly. Peter mentioned there are other issues ailing the global economy, far beyond just the tariffs. So in that sense i think the fed does have broader concerns. Even if under bestcase scenario we walked away with u. S. China trade deal, i dont think that would in any way defer the fed what i think will be a rate cut in july. May have impact, implications for the size of the rate cut but whether or not we see it actually delivered. Charles peter, last word . My feeling ace rate cut is on the table. This is one of the most encouraging things chairman powell said that shows us he understands what is really going on. Economic indicator, Economic Indicator indicates, excuse me for that, tax cuts are not working very well on the corporate side. So the biggest barrier to getting a rate cut frankly is donald trump and his tweets. If he would leave the man alone, so there isnt a perception of political compromise on powells part, i think he will do the right thing and cut rates in july. Charles lets leave it there. Michelle, peter, two of my favorites, i appreciate you helping our audience out. Thank you both very much. Thanks. Charles hey, folks, market slowing down a little bit. This morning it was fire. Cnbc, they accidentally lit that match. The network misquoting their interview with treasury secretary steve mnuchin, reporting that he said a china deal was 90 done. Well, turns out mnuchin was talking about last months breakdown in those talks. It was the past tense. Joining me to discuss all of this, kaltbaum Capital Management president , Fox News Contributor gary kaltbaum. Gary, let me start with the china situation. Obviously wall street is looking at this. I think we have to handicap it difficultly. We thought first three month it was a done deal, niceties, pleasantries, positive comment from both sides. Expectations game has to be a lot lower. I know wall street is not looking for a deal on friday but what is wall street looking for . I wish i knew, charles. I think the needle changes every day right now. We hear Different Things from different people daily. My big wish they would stop talking about it, get in a room, get something done, get anything done because i have to tell you theyre driving markets up a wall and it is putting a lot of uncertainty in things. I know you were talk about the economy before. I got the economy in the ones this quarter. There is a definite slowdown coming on. Durable goods not so good. Home numbers not so good last couple days. This is something to watch. If donald trump is worried about reelection, if the economy is tanking, and market is tanking, he is in big trouble. Maybe it moves him quicker to get something done. Charles jay powell takes great pride that the role the fed played during the Great Recession and i think peter morici is right, that powell is overthinking all of this and every time he speaks the market reacts negatively. Whats happening here . First off it is 100 lock that they are lowering rates at the end of july. It will be a quarter point. I dont think they need to go a half yet of maybe that helps things out. I think the important part of the equation the market is already doing the job. The 10year is down 2 . That is where big mortgages come from, last i looked were 3. 75, four on mortgages. That is cheap, cheap money for housing industry and could help. Charles we saw Mortgage Applications jump. They have been inconsistent but i think two of the last three Mortgage Applications have been significantly better than anticipated. Before i let you go, gary, you always talk about the semiconductors as being a proxy for you. Micron reported and it was something they said about loopholes if you will. Micron has loopholes, intel has loopholes, huawei, to me suggest that while the administration is playing hardball with china, they have left some loopholes deliberate hi as an overture toward getting a deal done. First your thoughts on the the on semiconductors. Are they back or a oneday blip . Im not sure but i tell you very good action. Institutions are there buying. Microns numbers were not good at all. I dont trust them that much because they are always saying great things. Nothing bad happens when semiconductors have the bid. Lets hope that continues. Of course there is loopholes, you just cant stop commerce with these companies. If you do, it is what is known as or else, that would be troublesome. Charles gary, we always appreciate your thoughts. Thanks, my friend. You got it buddy. Charles President Trump blasting fed chair Jerome Powell how he made him, how he wishes the ecb president mario draghi was the fed chair. We have more on those comments. Congress working on a humanitarian border package as the humanitarian crisis worsens. Well have the latest after the break. That move us forward. Every day, invesco combines ideas with technology, data with inspiration, investors with solutions. 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I want to bring in Border Commerce Security Council president nelson barito American Public seeing this more than ever. It is a humanitarian crisis. Something that must be addressed. I think something that should not be politicized anymore. Both sides of the aisle have to put their differences aside. Apparently this house bill wont make it through. Do you know enough about the senate bill, Senate Compromise bill, whether or not that could be ultimately the framework for something that gets through . Thanks for having me back, charles, and certainly the senate bill will have department of Human Services dollars attached to it, but more importantly theyre looking for 50 billion, 50 million to be able to get more judges, more Immigration Judges we need on this border. That is really the problem. The reason we have all these people on the border, number one, obviously the house bill is only addressing that issues focus once they get here, instead of looking at issues, stopping them from getting here at all. If they enacted something in this legislation that would stop the crisis and human human problem we have. Now once theyre here, the reason they have two to three years, sometimes even four years of waiting in line in the United States is because we dont have enough Immigration Judges. That was not part of the house bill. Looks like that may be part of the senate bill. Trump basically said, i will veto this if it doesnt make sense to the stop the crisis, put dollars in place to stop this insanity. Greatest thing is, now we have a Foreign Government that is doing more than our own congress to address the issue. Charles all eyes on the u. S. Congress. A pox on both houses until this gets through. No one wants to hear about going on two week summer vacation. So having said that, understanding urgency understanding the predictment nancy pelosi continues to find herself in trying to corral her members, do you think that perhaps midnight tonight, early tomorrow, whatever it is we can get some sort of a compromise . I hope we can, i will tell you, i just got back from yuma, arizona last week, the crisis is everywhere. Three weeks ago it was in laredo. I was talking to border patrol. I talked to crossers, these illegal crossers. Tell you the thing is, until nancy pelosi and hopefully they put these things aside, enact some legislation, this is not going to change. Absolutely they can do it. It is all on her. They have to corral the fringe part of the Democratic Party to say look, we want to do this, because it is the right thing to do. Weve had warnings on this now for months. Weve known there was a border crisis. Weve been talking about it since early last year. 144,000 people crossed the border last month. In a decade we havent had this number. It is four times the amount we were having just a year ago. Charles nelson, unfortunately late last year a lot of people were referencing old data, actually laughing at the idea this was an emergency. No one is laughing now. Always appreciate your expertise. Thank you, charles. Charles Elizabeth Warren, guess what, folks . She will be front and center in the first democratic president ial debate tonight. Can the nomination come without promising trillions of dollars in freebies . Well have a preview. President going off on fed chair Jerome Powell on Maria Bartiromo this morning. Well have the latest with this on going feud next. Now i made him and he want to show how tough he is. Back then, we checked our zero times a day. Times change. Eyes havent. Thats why theres ocuvite. Screen light. Sunlight. Longer hours. Eyes today are stressed but ocuvite has vital nutrients to help protect them. Ocuvite. 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I do have the right to do it, but let me just tell you, he has to lower Interest Rates for us to compete with china. What theyre doing is pouring money into the economy. And theyre lowering rates. Reporter in an exclusive interview with fox businesss Maria Bartiromo, President Trump said rising Interest Rates makes u. S. Less competitive and dealing dealing with retaliatory tariffs from other countries. Trump says other nations are devaluing their currency take advantage u. S. He says the powell is not factoring in and not doing anything about it. If he would have raised them half, just half, not done the quantitative tightening our market would be up another 10,000 points. Gdp would be up another point or two points. We potentially could have hit five. Reporter trump says he want to start paying off our major debt. But he says its a lot harder to do that when Interest Rates are rising. Charles . Charles hillary, thank you very much. Want to bring in Heritage Foundation senior writer. Kelsey bolling. President trump every time gets a chance to talk about this, it has gotten under his skin and to agree people understand, quantitative tightening, so audience understands, reverse of ease ease. At one point