Survivors and Law Enforcement officials, after being in dayton, ohio. Well keep you updated on the president s movements throughout the hour. Get ready for next contender in the smartphone fight. Minutes from now, samsung unveils the new galaxy 10 and 10 plus. What makes it stand out from the iphone. Well look at results from lyft. Shares are currently trading, below their ipo. Well bring you breaking headlines just as soon as we get them. Ashley back to those markets. The dow as we said rebounding from steep losses earlier today as treasury rates plunged. Investors worried about a economic slowdown as the trade war drags on between the u. S. And china. Edward lawrence at the while house with latest on exactly where that trade war stands. Edward . Reporter ashley, a lot of movement within china now talking about possibly showing this could be a prolonged trade dispute with china of the chinese fully expecting 10 tariffs on 300 billion of additional imports to go into effect september 1st. Our chinese sources also telling us that the chinese are preparing for the 10 tariffs to become 25 Going Forward because china will not buy u. S. Agriculture. The chinese also at an annual government retreat where our sources say they are working on ways to retaliate against the u. S. That will not affect chinas economy. One of the ideas to further support Government Companies and support Foreign Companies in china, not just from the u. S. Still as chinas economy slowing, President Donald Trump seeing and believing china will need a deal. They are losing thousands and thousands of companies are leaving china now because of the tariffs. Were in a very good position as to whether or not a deal will be made, i will tell you this, china would like to make a deal very badly. Reporter a Senior Administration official tells me right now u. S. Technology firms are selling to huawei under a temporary general license. That license expires august 15th. The process started for companies to get a new license to sell after august 15th, but the decisions are still at least three weeks away. The terms sell to huawei, a new federal rule effective next week will bar felled ral agencies from federal agencies from buying from huawei, zte and three other tech firms t bans buying services and video, security, Telecommunications Equipment made by the companies. The rule will extend to Government Contractors in 2020. Both the u. S. And china are positioning themselves. The tones are hardening each side who will blink first to get concessions towards a trade deal. It appears unlikely there will be a trade deal this year. Ashley oh, boy, edward, thank you very much. Here to comment, jordan kimmel portfolio manager, and our good friend, todd horowitz, bubba trading show host. Let me begin with you. It was confusing start to the day. Interest rates around the world and here in the u. S. Plunging, the 10year down to 1. 59 . I always thought low rate were supposed to stimulate the economy. People will borrow, spend, but the stock market came down in unison. A very confusing situation especially for investors. Not really confusing, ashley, to me. Youre dealing with extremely nervous market. A market win investors looking at the very next headline. Everyone is trying to guess after a long run from 09, which had plenty of interruptions by the way. Everyone is trying to guess when the next recession is coming. Bond yields going lower, are a sign maybe growth is slowing. We know how low yields are around the world. I think what people need to do is knock it out of their zone, knock it out of their plan, really look for quality. The fact when you want to be afraid, ashley, when Everyone Wants to buy everything, valuations go too high, it is very reasonable market if youre willing to do your homework, think a little bit longer term than the next minute. Ashley keep calm, carry on says jordan. Todd, let me bring you. What does this do to the fed . Many people think they will make another cut before the september meeting, and a race to the bottom, the u. S. Has to respond in kind . Hi, ashley, i believe that the fed will probably panic just like investors today. Okay, the investor panicked when we saw the bonds. The fed will do the same thing. They will cut before the next meeting. I wouldnt be surprised if they cut before the week is over depending on market action. Theyre too in tune, that is their biggest. Ashley todd, to follow up, dont they have to be competitive as the dollar getting stronger and stronger . Were just not exporting goods. But the at end of the day they need our goods, they will do it. We are selfsufficient. We dont need to be involved with china. We can live without them. Melissa back to huawei as our own Edward Lawrence just reported the while house is banning u. S. Government business with five Chinese Technology giants including huawei. Jordan, what do you think of this one . There is a lot of opportunity out of side of huawei. We have motorola systems and plenty of business to do elsewhere. I think issue not so much the trade deficit with china, it is technology transfers. Everyone said for years and years we would fight it. Nobody did before. I think it is important. I think frankly, remember china as important as it is to the world, they are our Third Largest trading partner. Lets put things in perspective. Melissa todd, what do you think about that . Feels like everybody is panicking about all the different decisions, yet that is true. We have been saying for a long time. Somebody has to stand stand up o these guys. They cant make up rules and rob us of our technology . Many other countries around the world which to do business . I think President Trump is saying exactly the right thing here. All he is doing he is turning up the valve. He is turning up the pressure by doing this with huawei. He will continue to go. He is not going to back down. Now the biggest problem, i think china made was not making the deal when it was on the table. Because they tried to go against him. Now he will go harder, he will say im getting my deal or not. Really goes back to simple facts. Maybe we pay up more for goods. China is accommodating importing because devaluing yuan, what were trying to do with our currency. Every other world currency is doing. If we dont get a deal today, tomorrow, we wont get a deal. He will continue to turn up the hit. Melissa fedex is ending ground delivery contract with amazon at the end of the month as the ecommerce giant builds its own delivery service. Todd, i thought phrasing on this one was really funny. Fedex came out and said it is ending its contract to deliver for amazon. Theyre firing their customer . It is an interesting story. I would bet that a lot of that came from, that amazon probably kept squeezing them on price. Melissa can you hold that answer . I hate to interrupt you. I want to, liz is reporting Second Quarter results right now. We dont want to let that get away. Jackie deangelis, what is that number . Reporter looking at lyft right now, Second Quarter revenue 2. 51 billion. That is substantially higher than the estimates that we were expecting, 809 million. You can see that stock is up 10 right there. On earnings per share side, again, im still looking for this number. You guys just flashed it before. But it looks like it was a double beat for lyft. Melissa okay. We will take a closer look if dont have it in front of you. Reporter thank you. Melissa do you see it on the dow jones wire, ashley . What is it . Ashley 62 is that a gain or a loss . They were expecting a loss. Melissa forecasting a loss. Ashley that is impressive if that is true. Number of active riders up to 21. 8 million. That is impressive. Revenue, adjusted loss for the quarter, 197 million. Lyft, what it is doing afterhours, up 10 . Reporter thanks, guys. Melissa todd, what do you think . Jackie, your mic is still open. Lyft priced in this big after move. Options market tell you expectations 10 was expected either up or down. Im not a big fan. I would be more anxious to want a sell a company like this. I dont see how their overall Business Model will work getting down to it. Theyre still losing money. They might have shown a profit. Theyre still losing money. I dont know how they turn that around. Melissa ashley, come in. Ashley they are raising guidance nicely. Any losses will be smaller than anticipated. That is helping to pop the stock after hours, jordan. Lets see what happens. Well see if it sticks. I agree with todd. The i Like Companies that not only make money but have accelerating Profit Margins. I think this is overreaction to it. Im always nervous or concerned Companies Want to look at other than cash flow. Put up other metrics, number of riders number of eyeballs. That dont work in my model. Im much more of a cash flow. Im impressed by the move it made. Lets see if it sticks. I didnt see how much they make, i didnt see numbers. My guess is they will talk how much they lose and ridership. Well see if the gain sticks. Melissa thanks, guys. Ashley were diving into the details of lyft, initially good numbers and good outlook raised stock afterhours. Well get more into that. The battle of devices. Samsung unveiling the most advanced galaxy phone of the year as the company goes headtohead with apple. Where is your money best spent . Susan li got very sneaky exclusive look at samsungs new phone. She will have the breaking details next. Melissa another casualty of the u. S. Trade dispute. U. S. Tourism takes a hit as china urges resident to cut back on trips overseas. Critics say the escalating decline is putting economy at risk. Escalating decline. That is like jumbo shrimp. Ashley military intelligence. Bracing for a health crisis. Doc siegel sounding the alarm on what could become a national epidemic. What you need to know about a virus and its prevention coming up. Ed monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. You wouldnt accept from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. Dprevagen is the number onemild memopharmacistrecommendedng . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Im not really a, i thought wall street guy. Ns. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade 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 an eligible phone. Click, call or visit a store today. Melissa breaking news right now. Lets go sort through the lyft results for you. It was a loss, actually of 2. 23 a share. Lets bring in Jackie Deangelis who has the details for us. Jackie, must leak our guests were saying they want to talk right away, lets add more riders and quarterly revenue beat estimates. If you look at the loss there, that is not good. Go ahead. Reporter it was not good at all. The expectation was for a loss of 1. 58. Substantially less than that. On revenue side looks better, 867 million versus 809 million. Uber will report as well. This is all about getting into the black here, getting profitable. That is not a great showing by lyft in terms of that. People will look for daily active riders to see if theyre increasing and average revenue per ride to be increasing melissa as well. Melissa thank you for that. Jordan and todd are back to react. Ashley if you want to pipe in and ashley looking to jackies point, the average per rider revenue was almost 40 bucks, 38. 77. That seems quite high to me. Melissa its a really big number and deeply suspicious. As someone who toggles back and forth between uber and lyft, every time i do that, you get a coupon from the other within to come back, i dont think i ever paid 40 bucks on lyft. Were talking about long distances. Were manhattan people going all the way out to the airport. Jordan, give me your take on the more, more details weve been sharing with you here . Specifically im old enough to remember stories of were losing money on every transaction but well make it up in volume. That really only works when you keep floating bonds, keep floating stocks. Melissa right. Have wall street line your back. When you look at the numbers, lyft is clearly number two in the space. Theyre also twice as expensive, when i look at metric price to sales which is what i like to look at. You cant look at earnings here, there are none. I will be surprised if the stock stays up there. A lot of times right now, these are people not making decisions on investing. This is actually algorithm trading. Goes above or below certain levels, computer want to buy. I urge investors find companies that not only increase revenues and earnings. I look at Profit Margins and cash flow. That is my model. I actually like accelerating including dividends. So lyft cant get into my bucket at least for a long time. Melissa okay. Ashley lets go from car rides to smartphones. In a bit to take on apple, samsung unveiling two smartphones, galaxy note 10 and 10 plus. The galaxy event is going on new york city. Susan li got a early look at the devices. Russell holly, mobile nation senior editor. Lets begin with susan. What can you tell us about the new smartphones . Reporter this is samsungs last chance to put themselves ahead of apples device announcement. This is after the debacle of the foldable phone. We have two galaxy notes introduced for first time by samsung. Usually they introduce one. Were looking at the galaxy note 10, 10 plus. They threw in a 5g model for the 10 plus as well. Were looking at 6. 3inch screens for the smaller model. 6. 8 inches for the bigger one. Triple camera on the back. These are pretty good, quad cameras, four of them, four on the back of the note 10 plus. This is what samsung is known for. Display, beautiful screens, infinity screens go edge to edge. In terms of quality of pictures. Some say they do it a lot better than apple does. You have to pay up a lot. Price tag, 949. Well call it 950. Ramp up, since theyre playing tricks on us with the 949. 9 the price tag and 1099, 1100. For consumers to pay up that amount. They havent been wanting to refresh the cycles as much as they used to, they have to introduce something compelling. In this galaxy note theyre talking about the cameras, display and iconic s pen, if i can show you the augment tiff reality. This is so cool to me. Text to email as well but the augmented reality, this is 3d, hand drawn, Artificial Intelligence and augmented reality picturing. Look how it tracks you while you move, any object within the video. This is something i have not seen before in a smartphone. Very interesting. Youre looking good. I chose that by the way. Ashley is this a gamechanger . How impressive are the phones . I think the most interesting then about these two phones how different they are. They have the galaxy note brand and s pen that comes into it but larger version is significantly different. It has larger storage. It has a micro sd card for expandable storage which used to be part of every samsung phone. Neither phone has a headphone jack. That is kind of a staple. Theyre significantly deliver the. Larger battery. More color versions for bigger version. Seems like samsung made the smaller version for people who want galaxy s experience but also want the spen and made a larger version for people who are true hardcore fans of the note brand where they want biggest screen, most power and all the specs that go with it. I would agree. That is one of the biggest selling point for the galaxy note, it has a dedicated fan base, right . They are offering tradeins in order to get people to update to the new galaxy note. Tradeins have been beneficial for apple in order to get more of their sales. Ashley fascinating stuff. Sorry, a busy news day. Were out of time. Im a gadget guy. I want one without looking at it, i want one. Melissa off to the worst august start in record off more than 12 of first five trading days of the month. Lets get to phil flynn at cme. A rough ride there. Reporter an incredibly rough ride. They were pricing in economic doom and gloom, recession, saudi plunge Protection Committee well stop the selloff, all of sudden things turn around. Lyft should have got helped out because we got gasoline prices down, Heating Oil Prices down of the everything was pricing in a major slowdown. The Energy InformationAdministration Report didnt help. Showed a surprise build in supplies, mostly in the gulf coast. They didnt care. They were worried about the lack of u. S. Exports. Hey, china might not buy our oil. That is another reason they were short. Export next week will go up big. The big story, gold, how about that, a sixyear high. Backing off with stocks going up on a big day. Back to you. Ashley we have more breaking news on the earnings front. Fox corporation, our Parent Company reporting Fourth Quarter results. Lets go back to jackie with the numbers. Reporter it was a double beat, ashley for fox corp parent of this network. Beat, higher