Maria big show this morning, joining the conversation fox business Dagen Mcdowell, benchmark capital kevin kelly and forbes media chairman steve forbes is here. Good to be with you. Maria a lot happening on the china front, futures indicating a lower decline, lawer move at the start of trading, dow industrials down 91 points, s p declining 8 points and the nasdaq lower by 16 as tensions between u. S. And china ramp up. Here is the latest, washington added 28 companies to an export blacklist over their role in that countrys crackdown on the Muslim Minority group, beijing warning of retaliation to stay tune, highlevel trade talks to begin on thursday, the president weighing on a potential for a smaller agreement yesterday watch. I would much prefer a big deal, i think thats what we are shooting for, maybe, who knows, probably unlikely. So i would say you heard the story here first, 1 Million People in china who have muslim religion, they have been rounded up now for months, a lot of people call them concentration camps, they are called in china real education camps but they are guarded with armed with armed guards and they force you to learn the Chinese Culture and and forget your own culture in terms to have muslim. I remember some story, steve forbes, that during ramadan the chinese guards found to round them up and forced them to eat pork, do things that youre not supposed to do and make sure that they were not following any muslim, you know, culture, your reaction. Even though the world hasnt paid much attention those things dont work, russia tried to push poland in 1800s, its doom to failure. Internally its simply going to even though the chinese may not like the leaders, its the kind of thing that stokes futures dissension in china. Beijing is worried, seemingly small things can have huge consequences ultimately, internally. Maria dagen, you said it yesterday eloquently in terms of what was going on there and i think that it hasnt been part of the trade discussion the human rights abuses, i wonder i wonder how important this is to overall conversation, obviously this is important that now washington is putting 28 companies on the blacklist. Dagen this is the walk instead of the talk, i think that actions speak very clearly here but in terms of a trade negotiations on the front page of wall street journal today that china is buying joy beans as talks have resumed, sow beans are a barometer for how the whole thing is going, we are just building now momentum again, new purchasing deals, prices have been all been climbing in recent weeks, i wanted to point to that because this is some good news on the trade front. Maria its a good news part of the story on trade, so you wonder if thats going to be enough to do a mini deal for the president and putting things aside like the human rights abuses and intellectual theft. Look whats going on right now, anybody who goes against this, what it wants to do, state television in china has stopped broadcast league games after tweeting support for hong kong protestors and adam respond in News Conference moments ago, this is what he said. The longheld values of the nba are to support freedom of expression and certainly freedom of expression by members of the nba community and in this case, the general manager of the Houston Rockets enjoy that right as one of our employees, we are not willing to compromise those values, again, im sympathetic to our interest here and our partners who are upset. Maria hes not rolling over, the nba not the only organization dealing with backlash and bullying, activation blizzard, dagen. Dagen he needs to take the stand, the reason that people were upset the nba initially put out two different statements after this incident happened and this is what, again, social media and twitter, they really do get the best of you, dont they, the nba, the other one was in mandarin, the english statement was mild and mandarin statement that they originally put out that we were extremely disappointed by the inappropriate remarks made by houston market general manager who undoubtedly hurt the feelings of chinese. Adam was trying to walk a tight rope but you did have james harden come out, rockets guard say, we apologize, do you stand for free speech or do you stand the western way of life and western values and do you stand for people who are being oppressed and abused by the communist china . One of the teams owned by Chinese National who was founder of alibaba, the brock license Brooklyn Nets owner, and its important to note that the former ceo of alibaba is a member of the communist party. Theres no difference, shareholders in Chinese Companies are 3 in line, first its the employees of the companies, keep raises the wages and second the communist party doing pet projects in china and then shareholders, how do you also, chinese investors in your own companies or your own businesses because now we are seeing he is aligned with china on this, now the nba and adam silver had a very, very hard situation to resolve here because hes saying, listen, china he went all the way back to 1800s, the british came in and colonialized us and the japanese is and thats why we are sensitive to this, he posted this on facebook, you two opinions on whats really happening over in china, they are saying we dont want to be colonized again and they are placing the blame on us. Thats the typical reaction, thats why the sanctions against 28 companies is so important, we cannot expect Companies Even the nba alone to do this. They need the backing of the u. S. Government. Youre right. When our trade secrets are being stolen. Maria yeah. They knew they with respect going to get support of u. S. Or european governments. Maria china is reacting the way you expect them to react. Dagen wasnt the nba, leadership of the league paying attention to what American Companies have been through in recent years in terms of very high price that you will pay for doing business in china and getting access to the 1. 4 billion people there. Maria right, what ive said over and over again, companies in the u. S. Have been more interested in getting product in 1. 4 billion people, getting Market Access in terms of protecting their own product. Enforcement part is not what we are talking about. How are you going to enforce that . They will fight us all the way. Thats why they reneged back in april, the u. S. Wanted mechanism to say they have consequences, do you see companies stealing or cheating, theyll be consequences, forget it. South park had a good response, this is interesting, the creators of south park, the cartoon parker issued apology, poking june at chinas lack of free speech. We need to make sure it clears the chinese census, we want the chinese viewers . Seriously. Plenty other things to talk about, what kind of things you were into when you were younger. Well, i always liked winnie the pooh, thats off limits, winnie the pooh they were saying he looks like winnie the pooh. Thats how absurd its gotten. You cant have an opinion even if its a comical one. Maria when jimmy was on, activist, hes in hong kong fighting, he said everything changed when xi jinping came in and everything changed when it was clear that xi jinping was going to be clear for life. Dagen i hope south park would read the whole thing because its hilarious, china has banned that series, banned in the country, period, if we get to that statement later its credit score will get hurt over that. They are social credit. Maria dont forget, this is big money, okay, so Many Companies are betting on the chinese audience, audience Consumer Base to buy their products. Look at general motors. Maria right. This is a big statement and its the right statement, you know, if you believe in the things in terms of trade enforcement, we dont need a deal, all you have to do take one company and knock it down like we almost did with zte, thats the enforcement mechanism, take them out. Maria on deck this morning, executive chairman, ana on women in business and business today, fox news senior strategic analyst jack keane on troop withdrawals on syria, cofounder and ceo of of carl schwab. Mercedes schlapp, chris hogan on longterm saving if for younger generation, big show ahead, dont miss it, we will take a break and when we come back we will check out the whistleblower controversy. Questions swirl around the time of this complaint, very latest coming up. Ellen degeneres, what she said coming up. To the outside world, you look good, but you dont feel good. With polycythemia vera, pv, symptoms can change so slowly over time you might not notice. But new or changing symptoms can mean your pv is changing. Lets change the way we see pv. You track and discuss blood counts with your doctor. But its just as vital to discuss changing symptoms as well. Take notice and take action. Discuss counts and symptoms with your doctor. Visit takeactionpv. Com performance comes in lots of flavors. Di dramatic orchestra ms with your doctor. Theres the ampedup, overtuned, feedingfrenzyof sheetmetalkind. And then theres performance that just leaves you feeling better as a result. 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Exactly, maria, let me start with this, fox news confirming day after the president s likely ukrainian call first whistleblower wrote a twopage memo describing the call, firsthand knowledge and democrats are trying to protect the whistleblowers identity according to washington post, include testifying and their voice and appearance, they argue because of pressure from the white house. We cannot allow the president to somehow get to the whistleblower or threaten him or discourage him or her from telling their side of the story and us learning what exactly is the extent of the alleged scheme displayed in complaint. All eyes on u. S. Em bar dos behind closed doors, pushing back against allegations of a quid pro quo. I think its crazy to withhold but some responded the president has been clear, no quid pro quos of any kind. Subpoenaing secretary of defense and President Trump is continuing to rail against all of this. Impeachment inquiry is a scam. The opposition, the democrats, the radical left, they came out with a whistleblower report before they saw the conversation, had they waited one way, nancy pelosi wouldnt have made a fool out of herself. We have the second whistleblower coming forward, this one claiming direct knowledge of the president s dealings with ukraine, maria. Maria the direct knowledge, would that be much different than what we read in the transcript because who has got the transcript already, why do we keep seeing whistleblowers when we already know what was in the call . Democrats say direct knowledge with the president and the former dealings with ukraine, not just the call, so it would be interesting to learn because all the things leak what details outside and beyond that call. Maria i see, we will be following you, Griff Jenkins in washington, incredible story as well, where is this going . Going nowhere because whats going to come out who knows when, the next few weeks, attorney general barrs reports on what happened in 2016 and 2017 have this whole collusion, thats why brennan is going on tv. Maria absolutely, i on this that congressman John Ratcliffe made an important point that we havent talked about, Michael Horowitz report should be out within 2 weeks, the fisa abuse report, we know that there was evidence of the fisa court which was not given. The other interesting thing none of those things who is going to turn, plea bargain. Maria who will squeeze and get the others. Dagen impeachment proceedings being conducted in secret and the rhetoric that the American People hear from the left, democrats is increasingly unhinged, a guest in another network how to ensure that she becomes president impeaching trump pence, mike pence. If they are going to impeach the president follow the rules of the road and it smells. Maria impeach a dually elected president behind closed doors. Theres an election coming up. Maria coming up fortnites warning, video game could be as addictive as cocaine. We are taking a look at that millennials and their money. Back after the break, back in a minute when i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. Liberty mutual customizes your car insurance, iso you only pay forg in cwhat you need. Yo. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. 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Maria we are going to thirdquarter earnings reporting season, how do you want to be positioned, invested going into these events . I think you want to be fully invested, our model says you should be weary the first part of october, include thursday mornings reversal but i think this is going to be more of a process in what we saw with the august 5th selling climb and period of weeks, its also on old market actually, maria, that when the president is in trouble the stock market is in trouble and it kind of looks like in the near term the president is in trouble. Hey, jeff, its kevin kelly, my note out to investors is talking about where the fundamentals are, we are expecting earnings to contract about 4 , you just mentioned, hey, when the president is in trouble, listen, the market could do well, i theres four stocks that really concern me that have to do with regular pressure, microsoft, apple, google, they account for 14 of the overall market, 4 stocks command more than financials which is 12. 9 , heading into earning season, how should we position ourselves, try to get to more conservative investment as a lot market has done trading at 19. 4 times earnings. Well, depends on what earnings ewe used, i think its somewhere 177, 178 for next year, 19 times, 1 77, youre coming up with 3200, i think earnings are going to pick up Going Forward because i dont think the economy is as soft as people are suggesting. What about the fed, chairman jay powell to speak at National Association in colorado, the fed cut rates last month, we have another meeting in a couple of weeks, are you expecting the fed to cut rates again . I am, i think they will cut it in october and i think they will cut it again in december, thats what the market wants and i think thats what the market is going to get. Jeff, steve forbes here, do you see any breakout in this market, i mean, its sort of been going sideways for a year and a half since the trade business began, trade war began, if we dont get deal with china, whats that going to do to manufacturing . Same thing i said on your cruise for investors, by the way, i think the market will break out to the upside and i still think we are in secular bull market, not many people left around that have seen a secular bull market, in 1949 to 66 or the 80 to 2000. Maria we will see you soon, we will be watching, thanks so much. Always a pleasure. To you, President Trump defending strategy for troops in syria facing massive pushback from both sides of the aisle, he wants to pull out. Withdrawal conversation continues, jack keane is here weighing in on that, Ellen Degeners calling out critics defending her friendship with george w. Bush. Back in a minute [ [ tires screech ]playing ] mom, youve got to get yourself a new car. The cars fine. [ car horn honks ] i wish i could save faster. Youre making good choices. Youll get there. Got it . Yeah. Thank you. Bye. Were you going to tell me about this . I know i cant afford to go. You cant even afford to get yourself a new car. I still have this car so you can afford to go. [ music resumes ] im so proud of you. Thank you, mom. Principal. We can help you plan for that. Start today at principal. Com. Maria welcome back, good Tuesday Morning, everybody, thank you so much for joining us, 63 00 a. M. On the east coast, investors on edge ahead of thursdays trade talks with china, dow futures down and nasdaq futures lower by 39, this is china threatening retaliation after the u. S. Added 28 Additional Companies to the u. S. blacklist, major