Fbn a. M. Starts right now. Glory days. Well, theyll pass you by. Glory days. In the wink of a young girls eye. Glory days, glory days. Well, theres a girl that lives up the block. Lauren welcome to fbn a. M. Good morning on this wednesday. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren lets take a look at how your money is moving after a monster rally yesterday. We do have a retreat this morning, dow futures down 102, nasdaq giving up 29, s p down 10. Cheryl we did see a fall in bond prices yesterday on news of the tariff delay. Yield on the 10 year right now is lower by 5 basis points, a little bit of a boost this morning. Folks want to watch this on to todays market. Lauren as we continue to watch what goes on with iran, the price of the u. S. Dollar, we do have oil pulling back by 1. 3 , 56. 35 a barrel. Cheryl chinas economy weakening even more. Real estate in particular. Taking a look at asia, despite that news, there is green arrows across the board for i sahn forn markets. Lauren the German Market is down 58 points, half of 1 . Second quarter german gdp contracting, big story for the big market there. Some calm has returned to hong kongs airport but tensions remain. Thousands of protesters threatening to shut down one of the busiest airports in the world for a Third Straight day. Cheryl police are warning demonstrators they could face prison time. Benjamin hall joins us from long london. Reporter some people are saying yesterday was a turning noint the 11 week long series of protests. With the closure of one of the worlds busiest airports, a Major Economic hub, that china couldnt allow that to go on. Yesterday the scene descended into chaos as riot Police Clashed with protesterless. For two days, they prevented passengers from leaving, causing chaos at the airport. Yesterday, mob mentality ensued. President trump tweeted, saying our intelligence informed us that the Chinese Government is moving troops to the border with hong kong. Everyone should be calm and safe. Sure enough, video emerged of a Chinese Military buildup across the border on the mainland. Up until now, china has let the Hong Kong Police take the lead. But yesterday they described the action as near terrorism. A crucial term that would allow china to intervene directly. Yesterday both nancy pelosi and Mitch Mcconnell issued statements in support of the protesters, leading china to suggest washingtons goal wa wao incite chaos in hong kong, saying comments from the members of the u. S. Congress provided the world with new and powerful evidence on the countrys involvement. So chinese troops are moving to the border. Ever harsher language from china and now were hearing china canceled port visits of two u. S. War ships new hong kong later this due in hong kong later this month. The underlying issues that started the protests have not been solved and the fear is the protests will continue until one side or the other gives. Back to you. Cheryl thank you. After pressure from businesses, President Trump has delayed plans to raise tariffs on some chinese imports. Lauren Edward Lawrence has the latest from washington. Good morning, edward. Reporter good morning, cheryl and lauren. U. S. Trade representative Robert Lighthizer agreed to delay some tariffs until december 15th. Other tariffs will be imposed. Now, the tariffs that are delayed are a smaller list of 21 pages. They do include underpants, will be delayed until december 15t december 15th, also laptop computers, cell phones, toys, and clothing as well as footwear. Tariffs are not going away, just delayed on select items. Another list of items will go under tariff on september 1st, this after a phone conversation between the two trade teams, the chinese saying they made stern representations against the tariffs that the u. S. Are imposing here. Still, the president optimistic that a trade deal will eventually come. This should have been done 25 years ago. It should have been 10 years ago or five years ago. This should have been done a long time ago. This should have been done by biden and obama. China is taking out 500 billion a year and much more than that if you include the theft of intellectual property. What many im doing now should have been done many years ago. Reporter hes watching supply chains move out of china, the Chinese CommerceMinistry Spokesperson said china did not agree to give up anything to get that. China also not agreeing to buy u. S. Agriculture, frustrating the president. They said theyre going to buy Farm Products. So far, theyve disappointed me with the truth. They havent been truthful or lets say theyve certainly delayed. But their intention to buy a lot of Farm Products and we had a very good call with china. They would really like to do it. They have a problem in hong kong. Not would like very much to do they would like very much to do something knew th. Reporter the two trade teams have another call in two weeks. Lauren today fbi agents will conduct a sweep of the manhattan jail where Jeffrey Epstein died. More questions are being raised about epsteins death. Cheryl Griff Jenkins joins us live from washington this morning. Griff, were learning that basically records were potentially falsified, is that right, griff . Its something, ill tell you. This is a rapidly moving story. There are multiple reports from the New York Times and associated press, saying the two Corrections Officers charged with checking every 30 minutes on the most high profile prisoner in the country were in fact asleep on the job for up to three hours and suspected of falsifying logs showing the contrary, which if true, would constitute a possible federal crime. The officers are on administrative leave, pending an investigation. Fox news learned the wa the wars been reassigned. Today the attorney general temporarily assigned the warden to the bureaus northeast regional office, pending the outcome of the fbi and oig investigations into the apparent suicide of Jeffrey Epstein, a former inmate. The otisville warden has been named acting war den of the mcc new york, former acting attorney general Matt Whitaker says this is simply inexcusable. There is really no reason that this failures should have happened. There should have been enhanced procedures because of the previous attempt or assault, most likely an attempt and now the success. There were failures but there should have been more enhanced procedures. Itseits inexcusable. Reporter after action reports may tell us more as a team will start determining whether employees were following protocols and give information on how the decision was made to remove epstein from suicide watch in the firs first place. They are demanding answers and certainly hearings are on the way. Cheryl griff, thank you. Charlie gasparino was one of the reporters that spoke with epstein over the last few months in an exclusive phone conversation. He told gaspo he was not a pedophile. He said the only thing worse than being called a pedophile is being called a hedge fund manager. Lauren Mary Joe White has been hired as the head of victoria secrets parent company. He accused epstein of stealing vast funds from his fortune. Cheryl President Trump praised the Energy Industry yesterday. Lauren Tracee Carrasco has details. Tracee President Trump promoting a plan to turn natural gas into plastic. During his trip to pennsylvania, he toured a soon to be completed petrochemical complex. Some criticized the building of a plant to make plastics but President Trump said pollution in the ocean is not our plastic, its floating over from various other places. The trump administrations new green card rules are facing challenges in california. San francisco and Santa Clara County filed suits against the new rule that denies permanent residence t to legal immigrants. The rule is expected to take effect in midoctober. U. S. Mortgage debt hitting a record 9. 4 trillion. Thats beyond the previous record reached in 2008 as the financial crisis hit. The Federal Reserve bank of new york said mortgage balances rose by 162 billion in the Second Quarter. Mortgages are the largest part of household debt. Cinnamon coke is coming to america. The soda was a hit in the u. K. And now it is coming here. It is expected to hit the shelves at the end of september and stick around through new years eve. Coke is also reportedly launching sprite winter cranberry. The company is adding the new flavors for the Holiday Season a bit early. And thats whats happening now. Cheryl im on board with this. Those actually sound really good, especially the cinnamon coke. Lauren i think she means they sound good as mixers. Cheryl , no, really, i think i would drink a cinnamon coke. Lauren they sound good. Lets take a look at futures this morning. We do have signs of a global slowdown with that german contraction in the Second Quarter and several sign thats the chinese economys hitting the brakes. Dow futures down 127. Still ahead, grinch may have stolen christmas, but did President Trump save it . And how amazons is stepping up its game and can now tell you when youre feeling afraid. Keep it here on fbn a. M. 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The protest comes as customs and Border Patrol weigh bids for a contract. Cheryl President Trump says hes protecting u. S. Consumers by delaying the next round of china tariffs and the u. S. Has the upper hand in the trade war with them. Does his action yesterday show the opposite. Clark packer joins us. Youve been critical in the past of the threat of tariffs and the president s hank handling o had handling of the trade war. Some trade Fund Managers saying this action with the president yesterday, he blinked. Do you agree with them . I do. The president made the case that the tariffs are not being paid by americans but just yesterday he said in light of the Holiday Season, hes going to delay them because he doesnt want to ruin christmas. Its sort of a contradictory message. Theres a lot of uncertainty coming out of the white house with regard to china. Cheryl it looks like if you think about this, the fact youve got the trade hawk, peter navarro, and on the other side of the table, weve heard these reports, youve gone mnuchin and kudlow, seems like those voices won yesterday. I think thats right. I think the president s political advisers said if you look toward the reelection, you need a solid economy. The way the trajectory has been lately it hasnt been as positive. I think that the political guys are getting in his ear and saying lets get this thing, try to smooth it out, hopefully pave the way for reelection in 2020. Cheryl you said this in your research and notes that tariffs are a tax on the u. S. Consumer. 350, that is the number that a family of four would be paying if the full cost of these last round of tariffs were actually imposed september 1st. Its still coming on december 15th. So at the end of the day, the consumer and the market seems to be where the president has put his focus and attention, versus dealing with the chinese on this, whether its intellectual property theft or the trade imbalance that weve got with them right now, seems that hes focused on americans. Yeah. But i do think that the United States has very legitimate complaints here and its not just this administration, these problems have been festering for a while and to the president s credit he brought these issues to the forefront. Cheryl we got news overnight about chinas economy. There is a weakness thats been shown in chinas economy, unemployment at the highest level weve ever seen, this is government data, take it for what its worth. But also the Industrial Production is the weakest in 17 years. Theyre seeing less Real Estate Investment over there. Do you think that this trade war is hurting the chinese . I do. I think its hurting both sides. But it doesnt it wouldnt shock me if the data were worse in china. Theyre really dependent on selling products to the United States and as the trade war continues, its going to hurt their side but it also, again, hurts our side as well. Cheryl well, and xijinping also has the hong kong problem which well talk about later on in the show and a possible military situation there. Clark, thank you. Thanks for having me. Lauren more fallout from the grounding of the boeing 737 max. Boeing delivered 258 planes this year, that was down from 417 a year ago. Airbus now on track to pass boeing as the worlds biggest plane maker. And in texas, 58 people under arrest after a demonstration by catering workers in front of American Airlines headquarters in fort worth. The union is demanding higher pay from americans food service company. Plus, a woman is suing american for allegedly locking her emotional support dog in a planes rest room. She said she has severe anxiety and the dog was confined to the bathroom during a flight last april. Police say no crime was committed. Cheryl thats a long flight to put a nothing a bathroom putting a dog in a bathroom. We have a few red arrows to show you this morning. Were pulling back today. The volatility continues. The dow is down 126, s p down 13 and three quarters, nasdaq down 44 and a quarter. Coming up, a different type of bar brawl. Why alexandria ocasiocortez and the bar stool sports founder are going toe to toe on twitter. And walmart and target have been hanging on in the fight against amazon. Could Britney Spears having to do with that . Details next on fbn a. M. Im stronger than yesterday. Whos dog is this . Its my special friend, antonio. His luxurious fur calms my nerves when im worried about moving into our new apartment. Why dont we just ask geico for help with renters insurance . I didnt know geico helps with renters insurance. Yeah, and we could save a bunch too. Antonio fetch computer antonio . Ill get it. Get to know geico and see how much you could save on renters insurance. 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. the day well finally get something done. 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. Lauren congresswoman alexandria ocasiocortez challenged by bar stool sports founder dave portnoy. He caused a stir on twitter when he tweeted a series of antiunion messages. A writer responded he would help staffers with unionization. Cheryl portnoy snapped back he would fire anyone on the spot who contacts the writer. Aoc told her followers that portnoy could face legal action. He said you could be sued on the spot, thats from aoc. Portnoy responded, he would like to debate the congresswoman. Ocasiocortez has not accepted that offer. Lauren sh shoul markets heldo the trade war with china. Does President Trumps tariff delay put us any closer towards a deal . Dominic davella joins us now. Dominic, are we closer to a deal . No. [ laughter