Great to be here. Maria big show today, fox news senior strategic analyst jack keane is here on saudi arabia and iran. Former secretary of state bob to talk china along with teddies cussing next move for movie pass, House Financial Services andy barr joining us this morning, this morning talking iran as well as former Shell Oil President talking all things oil, dont miss a moment of it, big show, this hour, top story, President Trump rallying into mexico last night, the president talking u. S. China trade, Brett Kavanaugh and American Energy production, watch. The United States is now the number one producer of oil and natural gas anywhere in the world. [cheers and applause] this means more jobs, higher wages and american independence is what we have, look at what they are doing today to Justice Kavanaugh, look at what they are doing, did you see the New York Times, do you see what democrats, they are calling for his resignation, they are calling for his impeachment and the women involved said she didnt know anything, she does they still, so the New York Times had to put out a major apology and they had to change their story, the woman said, i dont remember that, they still want them to be impeached. Somebody had to do something with china, president obama should have done it. President bush should have done it. President clinton should have done it. They all should have done it, frankly, they all should have done a lot of things that we are doing right now, so if you look at it, nobody did it so im going it and thats whats going to happen. Maria quite a a night in new mexico. Most the rallies in states he won or he has won, this is not a republican state, bush won it by less than 1 percent agitate. Trump lost it in 2016. This is a state that the Trump Campaign is targeting, they want to win and on the fact that he thinks he will have increase support among latinos and they will like the fact that the economy is humming and hispanic unemployment is alltime low. He has done a nice job, maria , in new mexico, a lot of support in the last couple of years for his reelection. Maria the left keeps giving on silver platter reasons sort of to be pounce his chest because of all of this misinformation coming out, the media, democrats, you know, fighting with the media, the media fighting with the democrats against the president , its quite extraordinary. Dagen it is in terms of the Supreme Court, a come of opeds in the wall street journal, one by bill mcgurn but then the editorial page editors writing the assault on the Supreme Court and President Trump not only needs to highlight the attacks on Brett Kavanaugh as justice, as individual but as the journal writes, its important to understand that this is an assault on the justice, its part of the left Larger Campaign against the legitimacy of the current Supreme Court and independent judiciary, there were a handful of Democratic Senators including horono, a gun case related to new york city that essentially threatened the Supreme Court, either you drop that gun case or we will stack the court. It was a boldfaced threat against the court. Expect to see more of this. Maria they did the same thing with collusion, they said the president colluded with the russia and keeps on going, its just extraordinary. You would think that anybody on either side of the aisle would be outraged by both of the stories, Brett Kavanaugh and the collusion with russia, its just not the case . The well, New York Times, i think in many ways journalism is broken and broken badly and thats one of the things that trump has been battling over the last 3 years, plus the New York Times in particular, this is the opinion page, theyve had a number of gaffes, this is the most recent but it is astonishing that they would go forward and publish the oped by taking out the most important piece of it was that four women didnt remember, they have been doing damage control and reputation of New York Times is in tatters. Maria editor we said we put resources into russia, russia and the story changed and the story did not change, the story was the same story throughout, now we will put all the resources into racism. Right. [laughter] maria unbelievable, markets this morning are all waiting on Federal Reserve, we are looking at decline at start of trading amidst the middle east tensions and adead of Federal Reserve meeting, oil prices surged yesterday nearly 15 days after attacks on oil fields. Oil is down 1 and a third percent, brent is down one and a quarter percent and we are expecting, dagen, quarterpoint cut when fed announces. Dagen we are expecting a quarterpoint cut, will this cause them to do more maybe not this week but in months ahead in additional meetings, i dont see this as inflationary even though oil is down this morning. Present crude biggest on record, biggest in a decade for west texas intermediate in the u. S. , but i dont think that anybody truly knows, i was pointing to bob earlier, bob knows and understands and manage to the critical sectors that we need to focus on autos and retail sales, auto sales, how does it impact, this is weakening this year, and retail sales and i dont this is a supply shock like we havent seen in recent memory, and a shock to prices, saudi arabia has about 4 weeks worth of supply but then it starts running into problem in terms of driving crude oil to these nations that are on their backs in terms of their economy. Maria maybe the u. S. Which is Energy Independent at this point, it does take some time to replenish what was lost from the saudis, right . Yeah, not as long as it used to take, maria, im not as concerned about this, i think we did give overreaction in oil price, the technology and entrepreneurship for fracking has helped us gain energy independence, saudi make plans, rest of the world, dont start pumping, we will be back, you mentioned the reserves, i think theyll be there, im not as concerned, set aside any military action or response, i think that we will get through this very efficiently, very effectively, fracking can turn on pretty quickly, some of the areas had pulled back, theyll put them back again, maria, i think on the auto side, if this finds its way to the pump, we may see pullback, if you read about gm issues, theyre running behind on their trucks and thats probably the most vulnerable area, but if gas prices stay somewhere where they are, people will continue to buy big suvs. Maria what about the costs . Twoprong hurt, gm is feeling the pain, 250,000 United Auto Workers on strike, gm could lose a Million Dollars a day. Your reaction on top of high oil prices. Im disappointed. I lived through 2007, 8, 9 and dramatic changes we had to make to operations and many of the relationships we had the with union, ron at uaw was forward, he made bolds moves for us in bringing temporaries on, having twotier system based on seniority and they want to disregard that and thats what helped the Auto Industry get through a tough time. If we see adjusted rate go from 17 million for 9. 6 itll have more dramatic effect than the strike will have, again, if you look at the Dealer Network, theyre already pretty full, im not sure we will see a big dislocation relative to supply to gm dealerships. Maria all right, we will watch that short break, when we come back, wework to delay ipo by at least a month, putting plan road show in jeopardy, back with vengeance, odell beckham, jr. Making giant catch as cleveland brown, back in a minute. That one . no what about that . no what about now . no that do it . [ buffer stops ] still not working how bout now . no i just dont know. I mean, i dont know who labeled this thing. Yeah . no yeah . [upbeat action music] pilot were going to be on the tarmac for another 45 minutes or so. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Maria welcome back, a Police Officer in alabama gunned down in line of duty, Cheryl Casone with details in cheryl. Cheryl yeah, maria, we begin with sad news this story, officer fatally wounded while exchanging gunfire with suspect yesterday, mayor called him a hero, father of two and engaged to be married. Shooting is under investigation, Authorities Say the suspect was wanted on felony failure to appear warrant. Well, another headline this morning, more speed bumps for wework, the workshare company ipo expected to kick off monday, stock to debut next week, reuters reporting that the company is concerned, expects to complete Public Offering this year, valuation has continue today fall. Valued at 47 billion in fundraising this year. 15 billion and could be lower. Tech giant putting another 250 million into a plant in harrisburg, kentucky, fox news 24 7 headlines bret larson with apples chief operating officer Jeff Williams. Quarter a billion dollars and its going to go towards further advanced technologies, retro fitting processes for the future and we couldnt be more excited, in fact, the phones we launched just last week, the 11 and 11pro have glass that came from here and the toughest glass in any smartphone in the industry. Cheryl actually not just the new iphones, every generation of iphone has had glass from the plant as well as apple watch. Jeff williams, big interview. Maria wework delaying ipo, real issue there in terms of governance, i i want to get your reaction to that, the Federal Reserve meeting today and tomorrow, we are expecting a cut, why cut down when the economy is doing so well. Dagen its not, Business Investment has been slipping, the u. S. Consumer is in good shape but this is, again, a move to ensure that we dont get a downturn in the u. S. Economy. Maria i dont know that you can stay economy is doing good right now. Dagen its weakening. Its not all awesome sauce and i think that this is a move to make sure that it doesnt get significantly worse and that we continue to grow. Well, the president wants to see a rate cut and we will make noise if he doesnt get one. Maria yeah. He certainly wants to see rates lower heading into the economy heading into the election actually. Maria for sure. They overadjust it last year, maria. Maybe shouldnt have happened. Maria the rest of the world is stimulating as well. Dagen trade fight with china is not going easy on certainly farmers in this country, some manufacturers, again, this all started with the steel and aluminum tariffs which really kind of upended Decision Making which started early last year. Maria yeah, we will talk about that next year. President trump says looks like iran is behind oil attacks in saudi arabia, irans response is coming up, down the fed is in focus, investors waiting for rate cut decision, that could come tomorrow, it will come tomorrow, 25 basis points is what we are expecting, we will take a look at all that when we come back. s possible every single day. But what does changing whats possible mean anyway . Well. If you run a business, it means a lot. For starters, we provide you with Financing Options for your customers. That way, you can help them buy the things they love instantly and pay over time. And that turns them into serious fans. Hang on, theres more. Want Customer Insights . Weve got those, too. 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Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Maria welcome back, focus on Federal Reserve today, twoday meeting in washington, many expecting it will end tomorrow at about 2 00 oclock with the announcement that the fed will lower Interest Rate by quarter point. Joining us right now fixed income adviser senior vp and Portfolio Manager bryce, bryce, good to see you, thank you very much for joining us, lets talk about the fed and why we are going to see a quarterpoint cut, whats your reaction to this expectation and how the economy is doing right now . I think they are going to be comfortable the quarter point cut to 2 , but i think the fed is going to be a little hesitant to promise much beyond that, i think theyre realizing that theres a lot cross Car Insurance in the economy, you mentioned earlier in the show the weakness in manufacturing, thats really isolated to manufacturing that involves internationaltype of manufacturing, domestic manufacturers. Maria because of the trade uncertainty. Right, right. The core cpi that the rest of us have to deal with was 2. 4 year over year so they have to walk a fine line, i dont think the stock market is going to be happy with what they say, i think that theyre going to come across a little too hawkish for them, the stock market and trump, they all want to telegraph to make cut after cut after cut and i dont think thats going to happen, that will cause disruption in markets even though clearly the cut tomorrow is priced in, whats not priced is what will happen next. Maria you dont think its the beginning of a string of cuts . I think they are stuck, rates are negative in europe and we need to cut here, like really, do we really want to go down that path, is the curve inverted because the german 10year bond went to negative and thats causing our curve to come down because the money is flooding into that market, if thats the reason for the inversion, how does that mean you should cut more, so theres so many cross currents involved on whats going on right now, its difficult for them to say we will cut, cut, cut. They also dont want to look like they are doing whatever the president says either, they have the whole wrinkle to deal with and still try to maintain some sort of credibility. Hey, bryce, bob nardelli, you and maria mentioned china, output for them it was certainly lower, if you think about hong kong issue that they had to roll back, i mean, what whats your view on china, the tariffs and how the Prime Minister will have to react to that . Im not hopeful on a resolution on trade with china, i think that President Trump is totally happy with manufacturing leaving china and coming back here which is primary goal but feels that with the way they operate not only is it legal to steal, you know, industrial secrets, encouraged, part of culture, i dont see a resolution, probably 6 months i did, now i dont think thats going to end well, so the tariffs are probably here to stay for quite a while, i think theyll be maybe progress made with europe and other parts of the country but with china, what you mentioned with hong kong, i just dont see there being a lot of good will between the two countries right now. What about this oped, one of the president s fed nominees oped this morning ahead of the journal, here is what she writes, it would be in keeping with historical mandate if the fed were to pursue a more coordinated relationship with both congress and the president when it comes to fulfilling economy goals authorized by legislative decree, government to be selective. This is from judy shelton, the president outspoken against of jay powell, what kind of relationship and rapport should fed have with congress and the president . I understand that Judy Sheltons point, i disagree