Earlier today. What are the best way we can to honor those who perished . All that and much more on making money. President trump answering a variety of reporters questions during a meeting about possible action on ecigarettes at the white house. Just a short time ago the president not holding back on opinions about former National Security advisor john bolton or about potential vaping risk which is pushing Tobacco Companies moving lower as you can see. I want to go to blake burman who is at the white house with more. Reporter hi, charles. The First Time SincePresident Trump announced tweets announcing john bolton was no longer as part of his team as National Security advisor we heard from the president and his thoughts on the former National Security advisor. He said he disagreed boltons stance before he got into office as it related to the iraq war. During his presidency he doesnt think it was smart when bolton brought up the libya model talking about north korea. Bolton insists he was the one who was resigned, and that he was not fired by the president. Today the president said it was indeed him who made the final call. And i told him, john, you have too many people, youre not getting along with people, a lot of us, including me disagree with some of your tactics and some of your ideas. I wish you well but i would like you to submit your resignation and he did that. Reporter those comment in the oval office came as the president unveiled that the food and drug and administration is taking actions against the flavored products. They would remove flavored products from the market the concern here is children as hhs secretary al azar said, shows that five million kids are using ecigarettes. No child should ever use a vaping or ecigarette product. It is that simple. These products should not be available in establishments where children can easily get them. It is dangerous for a child to use a nicotine delivery device. Reporter charles, regarding flavored ecigarette products the regulations still need to come out. Azar said there is likely a 30day wait period after that. For tobacco flavored ecigarette products those can still be sold out on the marketplace though azar and the acting head of the food and Drug Administration say that companies will need to get approval by may of 2020 regarding those products for those to continue to be sold. Charles . Charles thank you very, blake very much. Fast moving developments. The president discussing the latest developments in china after they exempted 16 additional u. S. Products from tariffs today. I think they did the right thing. I think good for them but they took them off. I think, i think it was a gesture okay . It was a big move. I wasnt shocked. Charles despite the good news a new survey show American Companies are still canceling invests. In fact theyre canceling them at a faster rate. What does it all mean as the two sides prepare to meet next month . I want to bring in former Commerce Department director chris garcia. Weve seen in the last week certain overtures with regard to china concerning the situation in hong kong. They agreed to meet in october. This week weve seen a series of olive branches of sorts, coupled with continued poor Economic Data coming out of country, and that they are under pressure and showing that pressure with these overtures . Charles, on a day we will never forget. I returned from a pepperdine memorial on prayer service, placing 3,000 american flags on the front lawn. I would like to thank pat boone and pepperdine president jim gash continuing that memorial. With respect to the china trade dispute, this backs and bolsters President Trumps trading position proving he was right all along. The american businesses say two top concerns are intellectual Property Protection and access to the chinese market. Now that light is being shed on chinese unfair trade practice what weve seen they forced Technology Transfers. They have in fact stolen ip. What were looking at from the president not Just Protection of ip and forced Technology Transfers and stopping of subsidies, subsidies from Stateowned Enterprises to Stateowned Enterprises or Chinese Companies outright, because they outright block American Companies from competing. All president truould le to see, this goes back to both Peter Navarro and Larry Kudlows ask, which is to have zero subsidies, zero tariffs, zero nontariff barriers. Great to see the Business Community backing up President Trump with a survey. Charles in this American Chamber of commerce survey, increased purchases of u. S. Goods, i would think that might be number one for President Trump. By the way the easiest thing perhaps for china to do, hey, well buy more of your stuff. The harder thing, intellectual property, they still want to be the preeminent nation in the world. I think that is the sticking point. The South China Morning Post saying yesterday that a deal could be done this year if america would go with 80 what they had on the table but ip, how critical is that in there . The ip provisions is basic. If a Company Invests this much money in r d and invest billions and billions of dollars as u. S. Companies do in new technologies, those new technologies should be protected that is basic copyright protection. Any deal with china, american businesses concur with that, any deal with china must include enforceable provisions. Talk is one thing. When you have beijing walking away from the table as they did in may, that shows me maybe theyre not perhaps ready to make substantive changes required for the deal. Charles look at 28 say they want improved intellectual Property Protection in different way. That is over 70 saying they dont care. Theyre okay with a faustian deal, okay getting ripped off as long as they have access to that market. What do we say with companies that are okay with being ripped off as long as they get access to 1. 3 billion additional customers . It is not a good thing for American Workers to see those companies okay with that april d i. P. Theft, maybe they dont have sensitive ip exploited by china. That may be a way to read that sure pay as well. They offered sound advice to u. S. Businesses. While we want to make sure we have access to Chinese Markets but we want to make sure on the other side we force china to play by the rules by diversifying u. S. Manufacturers supply chains f we can find a way to get china to feel that pressure, again there might be a little bit of shortterm pain but in the long run well have more protected intellectual Property Rights and at the end of the day we want a fair, free, reciprocal trade agreement china. Neil i thinkth already feeling that. Chris, appreciate. Thank you, charles. Charles President Trump ramping up pressure on Federal Reserve to get Interest Rates cut at least zero. Here is the tweet that got it started. The Federal Reserve should get Interest Rates to zero or less. We should refinance our debt. Interest costs could be brought way down while substantially lengthening the term. We have great currency, power and balance sheet. The United States, usa should pay the lowest rate, no inflation. Only naivety of jay powell and Federal Reserve doesnt allow us to do what other countries are doing. A once in a life opportunity that we are missing because of quote, unquote, boneheads. Jason rotman michael. President trump bringing real estate chops to the discussion. He likes low rates. Charles we all do. Were waiting for big wave of refinancing. Essentially low rates, refinance, whats wrong with that . Yeah. I think at the end of the day he is doing what he is supposed to do, he is lobbying for things helpful to the economy. When it brings rates down, refinancing with Government Debt that is slow moving thing. Rates wont stay low that long. While theyre low, look for ways to be tactical, get the cost of debt lower, that is not a real thing in my view. Charles jason, what about the real thing of being competitive with respect to rates in general . The ecb is ready to announce some amazing things, right . And so if jay powell thinks the pressure is on now, wait until tomorrow, when the ecb says well buy bonds. We may look at equities. Were cutting rates. Well be accommodative. Of course, the world is going to zero or lower . Well, i think that there is a danger of being too reactive versus rationally, reasonably proactive. And i say that because. We are in arguably the greatest bond bubble in history, right . You know with this 17 trillion of negative yielding bonds around the world. As we know, what does happen to bubbles . At some point they do pop and come down. We are already seeing the u. S. Bond market starting to correct. The ultralong bond, the 30year bond futures have gottenrushed over the past week because rate were too low. The market was actually saying rates were too low, lets jam down the bond prices. I think with trump arguing for negative rates, he frankly, listen, he is an amazing businessman, he has done wonders for the economy, negative rates in the u. S. Are not good. Remember what happened in 2007 with the real estate bubble . The fed does not like bubbles. It is their archenemy. That is why they will not go to zero. Charles this brings up, you brought up the great recession, what happened before. Jpmorgans Ceo Jamie Dimon also admitting that interest rate, this cut we had in july, he said it surprised him. The company is preparing for the risk of 0 rates in this country. So, michael, on one hand i thought it was surprising. Maybe admirable that jamie dimon admitted that a firm, one of the smartest guys on wall street missed all of that. I thought it was pretty welltelegraphed. Some people thought we would get a 50 basis point cut but secondly how do you prepare . What he talks about the risk of this, how does than investor get their portfolio ready for lower rates or maybe zero . Again i think this has been a bond bubble. So to your point i think essentially rates go down, they get to that level. Then youve got to prepare i think for that correction. So from an investor perspective, you know, how low can rates go . Not much lower. I do think as well. Weve seen the Treasury Curve shift up a quarter of a point in the last few days, right . Charles are you making adjustment for at least lower rates at all . Again i think as it relates to the bond market, weve been short in terms of preparing for rates going higher. You have to find incrementally find yield in other places. More dividendpaying stocks, things like that. Charles were seeing the dividend payers do pretty well. Jason what adjustments have you made . Everyone anticipating at least one more rate cut. Wall street is anticipating two or three more rate cuts. There are a few more items i can share. Were looking at commodities. If you read any of my recent reports, charles, the last great undervalued asset. Oil in the mid 50s. Charles jason, anything on the equity side . Small cap stocks and oil. Charles we got you. Michael, jason, thank you very much. I have breaking news for you now, Purdue Pharma is reportedly reaching a tentative settlement in a opioid lawsuit. Washington post is reporting that the oxycontin maker made a deal with 22 state attorneys generals and more than 2,000 cities and counties accused of fueling Opioid Crisis in country, and lying about the addictive quality of oxycontin. The deal is set to be worth 12 billion including 3 billion from the sacklers, the family personal funds. Fox business reached out to purdue for a comment. We havent gotten one yet. When we do well share it with you. Victory for President Trump in last nights special election but why is the media acting like he lost . A lot on the plate including the usmca, will pelosi finally put it to a vote . Thats next. Limu emu doug and now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. 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. Charles so congress is back in session and the ball is in Nancy Pelosis court as we wait to see if shell bring the new u. S. Mexico canada trade agreement to a vote. Also just a few weeks until the government could potentially shut down. Right now the house seems focused on impeaching the president with a Committee Meeting tomorrow to consider a resolution. Joining me republican congressman rob woodall of georgia. Thank you for joining us. Happy to be here. Charles were glad you guys are back. Which hope you get something done but is impeachment first up . How much sense does that make with all the important issues facing this country . Well, if you knew how fractured and liberal this new Democratic Caucus was you would know that probably does make some sense. You would have thought they would have gotten all the steam off their electoral pot in the first 3 4 of this year but apparently it will run all the way into the fourth quarter. Charles what about usmca . Nancy pelosi has been around. She is a great leader. She understands politics as well as anyone else. With the 2020 election right around the corner i cannot imagine she is willing to go to the american people, vote for a democrat even though we did not vote for this bill . I appreciate you talking about her leadership. You know there are some things in washington that arent republicans against democrats. It is america against the world and when you talk about our largest trading partners, yes, we need a deal. She knows it. Kevin mccarthy knows it. President trump knows it. You and i know it. And so she is doing everything she can to round up the fringe elements of her caucus, bringing the vote to the floor and losing does nothing for me. I want to bring the vote to the floor. I want to win and win big for all the working families across the country counting on us to get it done. Charles you talk about the fringe element of the democratic party, the overwhelming influence they have gotten for themselves. On one hand, it is great political fodder if youre on the republican side. You spoke about america and americans. Is it the atmosphere that we see, that were watching, vitriolic atmosphere, the anger that we watch and witness every day in washington, d. C. . How do we overcome that . You know there are some members of congress who feel like they were sent here to defeat the other side. I wasnt sent here to defeat democrats. I was sent here to advance america. I think most of my democrat and republican colleagues feel the same way. When i talk about fringe elements, im talking about members of congress who feel like the bill is something that President Trump will sign, then it is not good. They need to send something he absolutely wont sign. That does nothing for me. It does nothing for working families. That is no way to govern. That is not what were going to see this fall. Charles quickly, if we cover two more things, i have a minute to go. I want your thoughts whether or not well see a government shutdown, whether or not we get any legislation on gun control . Theyre going to be those elements in congress who believe shutting down the government will embarass President Trump and create a democratic victory. I reject that notion. There is no need to have a government shutdown. We advanced 11 Appropriations Bills through the house. We ought to be able to get this done. As for gun control, there is absolutely common sense things we can do together. We already moved some of those bills to the house this year. We moved some bills through the Republican House last year. If folks would stop trying to claim credit and start trying to wok together we could see advancements on behalf of 330 million americans. Charles congressman woodall, thank you very much, appreciate it. Thank you. Charles ive got some breaking news for you today. Dont know, t. Boone pickens, oil pioneer were learning he just passed a