Maria Fox News Network dagen mcdowell, emily and wall street journal Editorial Page Editor james freeman, great to see you this morning. Good to be here. Maria its been a while when we were in the same studio. Dagen i followed you on instagram. Maria big show this morning on deck, cfo of johnson and jonson is coming this morning. The president and ceo of stu leonard, store thats american staple, made in the usa this morning, real housewives of new york star beth any bethanny frankel. Dont miss a moment of it we have big 3 hours coming up. We want to kick it off indicating big rally, s p is up 25 and nasdaq is up 92 on news late last night that u. S. And china have resume today highlevel trade talks, latest rounds of 15 tariffs on chinese goods took effect on sunday and more to come in december, President Trump spoke about the latest negotiations with china yesterday at the white house. Let me tell you if i wanted to do nothing with china, stock market would be 10,000 points higher than it is right now, but somebody had to do this, to me its much more important than the economy, we will see what happens, if they want to mick a deal they will make a deal, if they dont want to make a deal, thats fine. They are getting i guess the worst on record and they want to make a deal and if i want to make a deal too but we will see what happens. Maria there you go, now we will get talks in early october, its pretty good move in the market, whats your reaction, james . Yeah, i think we ought to maintain reasonable expectations here, this month officials are going to talk about what they are going to talk last month and then theyll talk about deal next month maybe, you look at those comments from President Trump this week and also similar messages from xi jinping and china that this is potentially a longterm process talking about the president was talking about really changing this relationship, he was not talking about a quick deal and so i think we should its encouraging, they are talking but lets not get our hopes set too much. Maria one to have reasons, key reason actually that china reneged back in april because of enforcement issues in place whereas u. S. Finds out that the chinese continue stealing intellectual property theyll be real consequences that Chinese Companies would see an impact, that the enforcement language in in the contract that they put together back in april was just too aggressive against companies that may steal, so i dont know how you change a culture where this has been going on so long in terms of theft. Its been unreasonable position by the chinese, we agree but not codify into law, ridiculous, i dont think they would be able to make the argument in public, i hope they will not still be making it in private, that cant be the reason not to do a deal. Maria i dont think the yours president can do a deal without some kind of promise on that because now the public understands the National Security issues and understands china has been doing. Dagen right, you have to have a reason for inflicting pain on u. S. Farmers and granted thats coming from china, retaliation from china but manufacturers are feeling it, farmers are feeling it on the front lines and you have to if youre waging this war with china, then youve got to come away with a real win and agreement to buy more agriculture products and reduce the trade deficit, at this point not going to cut it. Maria totally agree, lets turn to gm, President Trump confirming will meet with ceo mary barra. Your thoughts on this as we know over the last couple of weeks the president has basically asked the u. S. Companies to move out and take their supply chains elsewhere, not an easy thing to do. Not at all, would be in President Trumps interest to look like hes having conversations and look like hes getting wins, big moment for him, if he can come away out of this morning, you can see how it can help President Trump. Dagen he was tweeting last week, when he start to tweet about something you wonder what was the trigger, what caused him [laughter] dagen exactly, i will point out something that General Motors employees more people in china now than it does in the United States and the United Auto Workers union according to website, 58,000 workers in china, 20 more than its domestic u. S. Force. We lost 11 billion on the bailout, it always goes back when you get a bailout, you basically, youre on the hook for greater Government Intervention as far as the we dont want the government running these companies. I mean, for any president to say you need to manufacture here and not there, thats really thats not appropriate. Dagen again, when you take taxpayer money and dont pay it all back, you know what, youre in a corner, like it or not. Yeah, hes made the u. S. Competitive with the tax and regulatory reforms, he doesnt need to be beating companies to be here, itll work find once we resolve trade issue. Maria was more a message to china, here is what i might be able to do because obviously china will Tell Companies what to do and theyll do it. This is absolutely totally with china and President Trumps electorate. Dagen to be fair i said that from day one, when the president was tweeting about boeing before he was inaugurated, dont interfere with private businesses, let them make their decisions but gm is a different animal here because of thialout, i will bailout, i will give them out. Maria estimated 158,000 jobs expected to be added to the economy, unemployment of 3. 7 , waiting adp report today, we will see what it tells us this morning, good indication of whats ahead, important report, its just two weeks before the Federal Reserve meets, we we are expecting to cutting rates, what do you think . Yeah, obviously Business Investment not where we like it to be, now a few more reality checks and these are the job reports, we will get reading on Small Businesses today as well and then that big federal report on employment tomorrow and thats kind of the ultimate test, jobs and wages thriving of the economy and also in political sense, so i think this is going to be important and it looks like still no recession but slowing economy. Maria how much of this report do you think dictates, the fed does two weeks later because its a quarter point rate cut, 25 basis points, some people are saying give us 50. Dagen right because of shortterm yields are, shortterm yields on treasury, thats why, you cannot have an inversion of the yield curve likely seen, its been inverted in the 10 year, thats why the Federal Reserve will have to cut but these job reports will be in the coming months, theyre always important but the most critical number that youll get on this economy because the one thing as Jon Hilsenrath has talked about, businesses, what are they doing with their spending and their hiring, will they continue to support the consumer economy because, again, the consumer economy hinges on the job market, much slower hiring, this is going to be the most critical thing in terms of how companies are dealing with the trade war. Maria and the election 2020 may hinge on the jobs picture, so its all connected. All connected in the way democrats are talk about a recession. Selffulfilling prophecy here, huge. Maria all hands on deck, watching Hurricane Dorian, again picked up to category 3 strength overnight, taking aim at carolinas, bracing for life, threatening storm surges and jeff flock live this morning in charleston, South Carolina with the very latest there, jeff, what can you tell us, good morning to you. I hear you talking about jobs, maria, i will make a wage that theyll be a lot of jobs created along the coast and North Carolinas to fix up mess after the storm, we are close to center circulation hitting charleston, South Carolina where we are this morning, surrounded by water, normally we have street flooding about 50 streets are now closed according to local authorities here and we are not even having center circulation as close as its going to get, still on its way, sum that up yet, once it comes up next hour downtown on the harper, see what that looks like, right now we are getting gusts of 70, almost 80milesperhour winds in charleston and thats the water coming too, its not going to be a pretty seen when its over, what happened at florida, its going to be worse when it comes to South Carolina and North Carolina, we will be here all day, wet and windy at the moment, maria. Maria jeff, thank you so much, stay safe, jeff is up to his knees in the flooding in South Carolina, meanwhile the bahamas slowly picking up the pieces after dorian, the most destructive storm to ever hit the island chain, at least 20 deaths reported in the bahamas, that number expected to rise, at least 13,000 homes completely destroyed, tens of thousands scrambling for basic needs, the coast guard with the help from the British Royal navy rescued at least 47 people who were trapped by the flood waters, florida senators marco rubio and rick scott are asking President Trump to waive visa requirements for bahamians seeking shelter in the United States. The Uk Parliament denies Boris Johnson snap election pushing for delay of European Union, what it means for johnsons political future, highs and lows, cnn 7hour environment discussion. Back in a minute. At fidelity, we believe your money should always be working harder. 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Lauren the person responsible for saturdays mass shooting in texas used illegally manufactured gun, they have a person of interest illegally manufacturing and selling ar rifle, the shooter killed Police Prohibited under federal law from having firearm after being found mentally unfit by the courts, investigators believe the gun was purchased by private sale who ch avoided criminal background check. Parliament stopping plan to take the uk out eu deal. No brexit exit could be Vice President mike pence meeting with Prime Minister today. Bloomberg reporting Company Restructuring advisers to limit legal liabilities and even considering bankruptcy, one of many drug makers facing lawsuits related to the opioid epidemic, take a look at this because shares are down 34 right here in the premarket, the company losing more than 90 of the its value in the last year. And some good news for you, nba hall of famer received the president ial medal of freedom, played for the lakers for 14 years, that was followed by 3 years of coaching, President Trump tweeting receiving the nations highest civilian honor for outstanding career both on and off the court. Maria. Maria lauren, thank you, short break, when we come back, battle of the border, crossings are down after stepped up efforts by mexico, we will tell you exactly what is going on there, text troubles, twitter taking disability to text. We will be right back. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because 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. This is jamie. 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Maria welcome back, pretty good rally, futures indicating 250 points, s p up 25, nasdaq up 91, all happening because late last night we learned that trust and china have agreed to resume trade negotiations in washington early next month, early october is what we are hearing, the wall street journal is reporting that the Federal Reserve is also gearing up to cut Interest Rates on september 18th when they meet, joining us to talk about all of that, chief investment officer, steve, always pleasure to see you, thanks for being here. Thank you, maria. Maria talks in terms of u. S. And china, how important is this, how closely do you look at this in terms of impact on market . I think james had it right, markets are not expecting too much here, this is obviously a protracted negotiation, its good news that they are at least talking again, one of the things i put out on the website yesterday was that we are getting to the Second Derivative of trade war at some point and it cant get much worse than it already is and maybe this is one reason why the markets are rallying, maybe a turn, we are not thinking, who knows, we are not thinking that theyll be an immediate fixer. Maria adp out this morning and jobs number out tomorrow and fed meeting on september. What are you expecting about that . Im worried about the jobs number, thats the most notorious number, all over the map, often flash comes out, suggested later, we could get a weak number here, you know, who knows, its possible, i think the market might take that positively because a weak number would give the fed ammunition to do 50 which is what i think they will do. Maria 50 basis points . I think they should do 50 up above everybody else and what its doing with the dollar, et cetera, if they dont 50, theyll do 25 and 25, 2 and 6 weeks from now, we will be looking at a yield curve thats no longer looking as inverted or flat as it is right now. Maria especially since you have Central Banks, dagen, stimulating, you 3 or 4 Central Banks stimulating in september alone. Dagen because they are desperate and economies are contracting. You then get some some push from that, you know, they are running government surplus, fiscal surplus in the face of what locks like an industrial recession in germany, you can bet they are going to do something here. Dagen half a point cut, which by the way markets are only factoring a 10 possibility of that happening. 90 probability for a quarter point cut, 10 for half point cut. No, i think the market will take 50 basis points very favorably and, remember, we still havent seen the valuation effect of those lower Interest Rates, the 10year yield whi