Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general will investigate google for antitrust violations. The stock price down 19 yesterday, up just six as of right now. Weve got a lot to go at including the latest on Hurricane Dorian. Varney company starts now. Stuart Hurricane Dorian, getting the first pictures of the devastation in the bahamas. At least seven People Killed there and the storm is creeping up the east coast. The obvious question, ash, where is it headed . Ashley it is headed to georgia and South Carolina right now. As you can see, its right around aist. Augustine. Its picking up speed a little bit, going from two to three miles an hour to eight miles an hour. Those Tropical Storm winds extending out and affecting the coastal areas and those slightly inland on the florida side. Storm surge probably the biggest problem with this. Power could be lost on the georgia coast and into the carolinas over the next couple of days. It could make landfall thursday in South Carolina or even more likely, friday in North Carolina by which time it will be maybe a hurricane cat 1 or a very weaker cat 2. Still, winds gusting up to 75, 80 miles an hour but thankfully, nothing like what we saw hit the bahamas when it was a category 5. Stuart we will show some more of that video. Its just a limited amount coming through but its devastation. The picture of devastation, clearly. We have more later in the show for sure. Back to hong kong. The executive leader carrie lam formally withdrawing the extradition bill. Liz peek joins us now. I say beijing blinked. Its a partial blink, if i can put it like that. My question is look, if xi jinping is trying to restore calm to hong kong, would that give him more leverage in trade talks with america . I think it certainly makes trade talks easier because he cannot fight these two battles at once. Both are, lets face it, an infringement on his gathering of absolute power which has gone on for several years. This is the first time really hes been challenged and had to capitulate. This is a major loss of face for xi jinping. I think one of the problems with the trade war, one of the things many of us, even supporters of this confrontation with china are sort of worried about is we dont know what the offramp is. How do you get a deal with china where there is not loss of face for xi jinping because he really cant acknowledge that. He cant accept that. Its amazing to me that this happened. I think its very very good news for the people of hong kong. I think in no way does this end the problem in hong kong because the protesters have many other demands. But to your issue, does this make the trade talks easier, possibly. Because i think this was really muddying the waters. Stuart susan just back from hong kong and we promised our viewers a response. What would be the response from the protesters to the extradition beiill being droppe . Susan the face has been joshua wang, the leader of the umbrella movement. He says its too little, too late and whenever the government appears to be extending an olive branch they always come with a far tighter grip on civil liberties. As we mentioned, there are five demands from the protests, right, and the chant has been we have five demands, not one less are we going to accept all of them. We need all of them. Stuart can the protesters bring back the huge crowds and avoid the violence . Because i suspect if theres more violence, xi jinping, the authorities will pick them off. Susan i think the fact they have extended this olive branch and this concession is the reason why they want to actually fight against this shall we say the population protest support because if you say okay, we will withdraw the bill, now the balls in your court, are you going to continue to support the violence and chaos thats hurting the city and the economy. It undermines the protesters if china makes this big concession and they still are out there rioting and disrupting air travel and everything else. I think thats not going to play well. Stuart we will find out this weekend how big the crowds are and how violent the crowd and protests are. All right. Thanks very much indeed. Now, a look at stock futures, we are going up 200 points at the opening bell. Green arrows across the board. I want to bring in Danielle Dimartino booth. I bring her in because the feds James Bullard is calling for a 50 basis point rate cut at the next fed meeting this month. Is that whats helping to move this market . Well, i certainly think its been a nice bolt of enthusiasm. James bullard had stuck to saying we needed just half of that amount of stimulus. Whats going to be even more interesting is the person that the fed reined in last time, he mentioned 50 basis points, thats John Williams, a permanent Voting Member on the committee. He speaks at the half of the hour. Well see if he reiterates bullards message. There are six fed speakers total on the docket today so we will literally be drowning in fedspeak by the end of the day but it will be interesting to see if there are others on the committee who come out and corroborate bullards enthusiasm for more optimistic, deeper rate cuts on september 18th. Stuart straighten me out here. It seems to be a consensus emerging that Interest Rates from the fed are going to fall sharply and soon. The markets looking for a 100 basis point cut by april of next year. Other observers say it will be 75 basis points. The bottom line, i want to know if you agree with this, Interest Rates from the fed are coming down sharply and soon. I would certainly agree with that notion. I think the market is rightly pricing in a rate easing cycle as opposed to just a few bandaids that i think chairman powell was hoping he would be able to get away with. But again, weve got so many people to hear from. Bostons fed president came out yesterday and basically conflicted with what bullard had to say, what jay powell needs to get across is consensus in the communications among the other members, and well be looking for that in the coming days because we are nowhere close to being fed blackout and it will culminate on friday with powells comments themselves out of zurich. Stuart former fed guy William Dudley is trying to walk back his comments from last week, when he said the fed should not cut rates because it might help President Trumps reelection in 2020. In a new interview he says, im just picking out a small quote here, i was not trying to suggest that the fed should take sides in the upcoming election. What do you make of that . I think thats the height of hypocri hypocrisy. His opinion piece, there was no gray area in it at all. I can only imagine how embarrassing it was for dudley to have to have those in washington, d. C. Walk back his comments and say the former vicechairman of the federal open market committee, we have to step away from the gravity, the politicalness of his statement. Look, there was nothing iffy in what he said. I think it was atrocious for an independent body to have somebody of that stature come out and say we should throw the election. Its not the feds purview. They should stay out of it. Stuart thanks for joining us on an important day. Appreciate it. Thank you very much. Lets get to some individual stocks which are indeed moving. First off, american eagle, the apparel company, retailer. Down 10 . They gave a not so rosy forecast. When you do that, the stock goes down. Better profit, better sales at the craft store michaels. Up goes the stock, 18 higher there. Vera bradley, i think they make handbags, dont they . Im not familiar with the company. Their profit missed the mark. They are down 8. 5 . But we are still going up 200 points at the dow industrials for the opening bell. A nice gain for the nasdaq, up 1 as well. Look at walmart. Big story here. Its making big changes to its gun policy, among other things. It will stop selling ammunition for hand guns and assault rifles. Is this another example of a business taking a stand on politics, and should they take a stand on politics . Not hurting the stock. Its up to 115 a share. Then theres peloton, fitness people, getting ready to go public. Now they are dealing with a social media mess. There have been some complaints that the 2,000 bikes are broken when they are delivered. Ouch. Good news for bayer, the maker of roundup. The chemical in the weed killer, not a carcinogen. Thats a real challenge to california regulators. Varney company just getting started. Stuart you really should take a look at roku. What a performance for that stock. Now its introducing a smart sound bar and a wireless speaker. You can preorder them. They cost 179. 99 each. We are bringing you this story because rokus stock is up nearly 400 this calendar year and its going to be up another close to 3 this morning when the market opens. What a stock. Lets get to brexit. We are trying to keep out of the weeds here. Lawmakers voted down, said no to a Nodeal Brexit. Youre not going to crash out, theyre saying. Instead, they voted for parliament to take control of the brexit process. Ashley, without getting into the weeds ashley its very difficult with brexit right now. Stuart why should i care . Ashley because if they do crash out, Nodeal Brexit will have an impact on the markets. When the brexit referendum went through, the market dropped 600 points. What this is all doing, you have a Prime Minister who wants to get out on the october 31st, come hell or high water, or do or die as Boris Johnson put it and you have a parliament that doesnt want it to happen. So they have gotten control of parliament, they will later today try and pass a bill which they probably will, taking nodeal off the table. Johnson will turn around and say fine, we are going to have a general election but he needs twothirds of parliament to agree with that. I dont think he has it. Stuart the bottom line for my interest in this is theres not going to be a Nodeal Brexit. Theyre not going to crash out. Ashley under the current circumstances, johnson is running out of options on that. It will get delayed until january of next year. Stuart which is what the markets want. They dont want to crash out. Ashley you saw the pound come back yesterday because of that. Because nodeal seems to be going away. Stuart thats good for us, america, but at the same time it means any trade deal with the brits is going to be delayed until next year. Ashley yes. Until they get out of the eu. Thats going to have to sit on the back burner as everything has with brexit. Stuart six of one, half a dozen of the other. Got it. Now lets talk walmart. Big changes coming to their gun policy. In response to a rash of mass shootings, going to stop selling ammo for hand guns and assault rifles. No more hand gun sales in alaska at all. Its asking its customers not to carry weapons openly in its stores even in open carry jurisdictions. Herman cain is with us. Herman, is this the new normal . What im really asking here, do big companies, should they take a political stand these days . What do you say . I believe in walmarts case, they are not taking a political stand as much as they are taking a Public Relations stand. Allow me to explain. By not selling any bullets longterm, they will never be responsible or be accused of selling ammunition to a shooter. We cant always control the shooters but we do know criminals are going to get guns anyway. What walmart is saying from a p. R. Standpoint, you cant buy ammunition here so our bullets wont kill anybody. Secondly, politically, it should take a little heat off of them. Maybe, maybe not. I happen to think it wont take much heat off of them simply because the gun nuts, the absolute gun control nut, wants to seize all of our weapons. Stuart okay. Well, approach this as the chief executive officer. Suppose you are running walmart. Your decision is surely not a political decision and i dont think its a p. R. Decision. I think its a decision on whether or not not selling these hand guns and ammunition is good for the business. If the business improves because of what youre doing, then do it. Surely thats your primary consideration. That would be my primary consideration. But i dont know what walmarts p l statement looks like but i believe that simply by not selling ammunition, its not going to hurt them. Secondly, i dont believe that the gun control nuts are going to flock to walmart because of this move. So i believe that walmart would not be in the middle of this ongoing debate and controversy about guns and ammunition and different types of guns. Stuart i think more companies are going to be forced into whether its a p. R. Response or whatever, they are going to be forced to respond to social pressure. I think thats a movement which is gaining steam in america. You with me on this . Im with you on that, stuart. But keep this in mind. I believe many of them are going to do something similar to what walmart did. However, they are trying to stay out of the middle of the ongoing debate and discussion about what do we need to do about gun control. They wont be in the middle of that debate as long as they are not talking about total confiscation of guns. Stuart they have taken themselves out of it. The stock is up, by the way, close to a record high on that. Got it. Herman, thanks for joining us, sir. See you again, promise. Thank you. Happy to do it. Thank you. Stuart take a look at futures. We will still be up over 200 points for the dow, still going to be up about 1 for the nasdaq. Then theres google. They will pay millions of dollars in fines for violating child privacy laws. But thats not their only headache. About two dozen attorneys general getting ready to open a big antitrust investigation into that company. We will bring you that story next. The stock is up this morning. Stuart all right. This is just coming to us right now. New York Federal ReserveBank PresidentJohn Williams says hes ready to act as appropriate to support the economy and a return to 2 inflation. He also says the u. S. Economy is in a good place. Hes focused on low inflation. No impact on the market when that statement came out literally a few seconds ago. We are still up over 200 points. Two items on google. It settled with the ftc for 170 million over violations of childrens privacy laws. Then separately, theres a new antitrust probe from state attorneys general, a couple dozen of them. Lets start with that. Susan this is the largest amount the ftc has ever fined any company when it comes to violating the childrens Online Privacy protection act, and this basically requires that if you are going to track data, extend data and get data from children under the age of 13 on the internet, you basically need parental approval. This complaint alleges that youtube uses cookies which track where you move and go on the internet, they track children on the internet and targeted ads towards them, making millions of dollars in the process. Now, this is the largest fine ever since the law was enacted in 1998. Lot of people saying 170 million, drop in the bucket for google. Stuart state attorneys general going after them on antitrust grounds. What antitrust rules have they broken . Susan way too much control especially when it comes to search. 90 of search is controlled by google, not to mention android which powers more than 70 of the worlds smartphones and google, youtube, of course, 1. 8 billion monthly users so more than half the nations state attorneys say we should be looking into whether or not they are too big for the good of america. Stuart its a very distant threat. Maybe thats why you have not got an Immediate Response on the stock price. Susan the doj coordinating with these state inquiries. If they get into the mix, its a whole different ball game. Stuart sure is. The market opens in five minutes. Less than that. Four and a half minutes. We are up 212 points for the dow. Still up close to one percentage point for the nasdaq. Back after this. We trust usaa more than any other company out there. They give us excellent customer service, every time. Our 18 year old was in an accident. 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Lets talk. Were built for hearing whats important to you, one to one. Edward jones. Its time for investing to feel individual. Stuart okay. We open this market in 27 seconds. We are going to go up and that will probably erase most of yesterdays 200 point loss. Its a deli