Heavy hitters from both sides of the isle are huddling with the president to talk trade and ttp, Ohio Governor john kasich, mike bloomberg, can they help the lameduck president get it done when both Hillary Clinton and trump hate it. The hottest gadget in america has been on sale for seven hours. These are our cameras, trained on what were very long lines, they have completely thinned out for the iphone 7, what does that mean . On wall street bank stocks down. Dow jones industrial down 96 poingts, a positive finish to the week might be in jeopardy, we will find out in 59 minutes because thats when the closing bell rings. We will start the count down. Liz breaking news this hour. We need to look at wells fargo stock, it is falling about 2 . The pressure is ramping up on both the company and ceo at this hour. The stock is down in part very much because ceo john has to pull out the bag and hit to washington, d. C. Two congressional probes, john has to appear before the Senate Banking committee on tuesday and then before the House Financial ServicesCommittee Later this month in the wake of that phoney ghost account scandal where the bank was setting up Bank Accounts for people, charging them for it and they never asked them for these things. Its become a huge issue. To the markets, one week ago at th exa timthe w wa ummeng 4 pois. What a week since then for wall street . Up triple digits, and you see right now down about 96 points. September absolutely live to go reputation as the choppiest month of the year. Where were stocks in your portfolio today . Major indices on track to end the week on the green. That could all change in the next, lets call 56 minutes. Be sure to stay with me as we track every single move and tick on wall energy, it is the worst performing sector in s p 500. Crude oil actually took a nose dive to a 5week low today, we can look at the price right now, i want to tell you that the worst point of today, we had crude at 42. 74. Right now you can see the energy names that are pulling back and causing the markets unbalance, everybody to explorers to drillers. A rough week if you own financials. Jpmorgan and goldan sachs leading the losses. We have an hour to go here. Its fallen 9 and a half percent after the german banking was slammed with 14 billiondollar film but the Justice Department heading all the way back to what had started the financial crisis. Its not all gloom and doom. Intel is making investors right now leaving the dow after the chip maker boosted thirdquarter revenue forecast, stock 52week high, specifically intel says pc demand is coming back. We heard that before. Lets see if it comes true. To virginia where first Lady Michelle obama, take a look because shes taking the stage, indeed. She has just taken the stage in the campaign trail hitting the trail for the first time on behalf of the democratic nominee Hillary Clinton and then theres this, donald trump is expected to stump in miami but its not the only duo happening at the moment. Billionaire versus billionaire with mark cuban escalating his war of words with the republican nominee. It was born right here on fox business but blake berman is following what, i guess, is another fire ball thrown into the fray. Blake and who doesnt like a little verbal sparring between one billionaire and the next, lids, from time to time . Specially here on a friday afternoon, nonetheless. Yes, it is between in this case donald trump and one mark cuban. This goes back to last week, you might remember mark cuban appeared on cavuto coast to coast and cuban had said that he has a hedge in his portfolio for the possibility of a potential President Trump and if donald trump wins the race that he is bracing for the markets to quote, thank you. Well, donald trump appeared earlier this morning with Maria Bartiromo on mornings with maria and maria play that had very sound bite for donald trump and as one might imagine in his response, trump did not hold back. Mark is not i really believe not smart enough to understand whats going on. Heist a mixed up guy. I think i think this, look, i think that this plan is a great plan, we are in trouble, explain to mark we have 20 trillion in debt, we have high taxes in this country, very high taxes. Blake cuban did not sit back, no, no, he didnt. He took to twitter after the interview and here is what he said, i will read you three tweets, im quoting here. He said donald trump you must have flunked economist when you didnt get into penn, your plan is gibberish. He then went out and laid out this plan to donald trump as well. Five different points, starts with this, quote, 10 million to the charity of your choice if you let me interview you for 4 hours on your policy and their substance, cuban went onto tweet quoting here in the words of you, what do you have to lose. Cuban there, liz, trying to flip the script on trump as we know trump has called for potentially a moderator debate and cuban hey, i will step in and ten Million Dollars to do it. Liz i know you are but what am i. Im kidding. Blake its twitter, we could do this all day long. [laughter] liz listen, thanks so much. Blake berman. We take it right to our battleground experts, former ohio congressman denise and former florida senator george, theyre going to weigh in on the tightening president ial race specifically in those two key battleground states, ohio and florida. Speaking of ohio, look at the Ohio Governor, this went down at the white house, Ohio Governor john kasich, a republican standing at the podium of the president of the United States, how did one of Donald Trumps biggest primary contenders rivals get there . Well president obama invited him along with other big Business Leaders and elected officials there to talk trade. Former treasury secretary, billionaire former city mayor, bloomberg, all on hand for one of the president s final chances to push his bipartisan pitch on the ttp, Transpacific Partnership trade deal. With this being one of president obamas priorities, will he able to get the deal to a vote and if so would it be able to pass by the election in november or perhaps right after . Lets bring in trade representative ron kirk who is with me. Embassador, we have viewers right now who are workers, who are ceos and who are politicians wondering, does it get before a vote before the election or certainly right after . Well, liz, i certainly hope so. And thank you for giving me a chance to come back with you again and what we saw today in washington with the president and the group that you just referenced is way we have always advanced trade and i will say this as a former mayor, mayors and governors, governors live in a world in which we talk about jobs, and most big city mayors in america, democrat or republican understand the importance and the value to our communities to our ability to create jobs where we live and work by being engaged in the world. And thats what this trade agreement is all about and in particular this Transpacific Partnership gives us access to the fastestgrowing market in the world, and in the slow economy, the one thing americans should embrace, the words made in america are still the most treasured brand in the world and it just makes good economic sense for us to go out and sell to the 95 of the worlds population that doesnt live in the United States. I wasnt surprised to see such an Impressive Group today. I hope your listeners will understand even in the midst of economic anxiety, one of the drivers of economic recovery has been the fact that we have been exporting more to the rest of the world. Liz im glad you brought that up. We export a lot to mexico, they import, but we export about 235 billion, make it 230, First Six Months of this year, we have already exported, i believe, about 132 billion. They are buying our stuff. A little bit less balanced in china. China is a consumer nation at this time. Here is the complaint, ron, about the ttp and other trade deals. We lose jobs here in may recollect america and its a fact because there are jobs and balances and the famous one is carrier, the airconditioning company that donald trump is talking about, they took jobs from the state of indiana, the Vice President ial candidate hold on, i want you to respond what he said on fox business. Mike pence articulated what he was told by the ceo of carrier, listen and then you can respond. I had the folks in my office that run that company and they told me that part of it was that all of their competitors were already in mexico. Lizly all the competitors were in mexico. They had to go because labor is cheaper, what do we do about . Look, i cant speak to carriers example but, you know, part of our challenge for those of us who believe in trade, its so easy to focus on the one business that says its going to mexico but we never focus on the fact that mercedes is building production here in the United States now. All of the bmw x series are made here in the United States, toyota is building trucks in my home state of texas. This is a twoway street and manufacturers tend to make stuff where theyre going to sell them. I think if you look on balance, it is unquestionably unblable unquestionable that our economy is stronger when we engage with the world. Liz we dont want to hurt the consumer. Hopefully we can deal with this. I find it ironic that this is one of the things both candidates dont agree on. This is one place where i disagree with both of them and the one thing we need, and i appreciate you bringing me on your show, look, there is a huge economic anxiety particularly among middleclass americans, but the reality most of the jobs lost to manufacturing in this country over the last 30 years have been due to automation on the factory floor and robotics, not trade. But its a whole lot easier to blame it on trade and everybody thinks thats auditory world but we dont want to live in a country in which america sticks its head in the sand and ignores the hard reality that 95 of the World Consumers now live some where else. We wanting to out and compete and win that business and these are people that want to buy what we make and with respect to mr. Trump, if its good enough for him, its good enough for us. Theres a reason donald trump is building projects in india, china and all around the world and weve highlight it had fact that none of the clothes are made here. So if its good for him, it ought to be good for every other Small Business that has a product that they want to share with consumers around the world and the way we access those markets is by negotiating smart, tough trade agreements like the Transpacific Partnership. Liz smart and tough. Ron kirk, former u. S. Trade representative. More of my interview online, you can go to lizclaman. Com. Dow jones down 98 points in the first day out of five that apple is down, losing 73 cents, 114 and change. We already talked about intel, you can see at the very bottom, United Technologies that is a real problem at the moment. Utx is down right now 2. 51. Right now the markets, they hate uncertainty but whats the biggest question mark for the markets . Is it the election or is it the fed . 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The ability to collaborate changes how we work. What we do together changes how we live. Perfect driving record. Until one of you clips a food truck. Then your rates go through the roof. Perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you twentyfour seven. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Liz gary johnson fans, you have to hear this one, breaking news and huge blows of the Libertarian Party and also the green party. Gary johnson the libertarian candidate and jill stein have officially failed to make the cut for the first president ial debate. The announcement came just a few moments ago from the commission on president ial debates. Republican president ial candidate donald trump will take on his democratic rival head on on what is shaping out to be, of course, you know, one of the most heated debates in decades. The rating, can you imagine . We have billionaires, investors all in the edge of the seat not necessarily ahead of debate but the next meeting. We should have done something two years ago, Interest Rates are very low and creating serious reaching for yield, risks which will have a bad ending. Liz is that a fancy word for bubble . Yeah. The worstsing what the next rate will be into an olympic sport. Liz what do you think, skiing . Whats going to happen . Is the fed going to pull the trigger on Interest Rates . Im not talking september but maybe december . Lets bring in former Vice President of the dallas fed jerry and he was also the former dallas fed ep economic adviser along traders of cme group. To the markets at the moment, keith, im very interested to know iser oil or worry of whats happening with the fed next week thats bringing volatility . A lot of people forget that september is the most cruel month when it comes to equity market and investing. October is the month that garners all the headlines. September is the worst month. We fully expect down here on the floor that once we get back from labor day we will have volatility. 2016 is a special year because you have so many things going on around the world and one which is president ial election. Throughout september you will ree back and forth. Ekfter the fed comes out and does a raise Interest Rates and give us a dubbish statement. Liz either way, people are wondering if that is a bubble, when you talk about whats happening here, it does makes people wonder is the fed pushing into risky assets, people are watching looking for yield. Yeah, of course, its a financial asset bubble and people shouldnt be taking risks and its not going to be any pretty way to end this. At some point they will have to raise Interest Rates and when they do we will find out which assets were overvalued. They put credibility on the line and members that think they should do it. So i think the consensus is moving but i think it will be december. Liz if the fed waits for clear skies over single nation that has an economy, we are never going to see anything. No, we are not. Here is the deal. Maybe im rumple stilskin right now. I agree, the problem here is this, the u. S. Economy doesnt have an Interest Rate problem. The Federal Reserve has an Interest Rate problem. Now they cant raise rates without causing a lot of bad problems but they want to raise rates to make things look like theyre going to be healthier and we have some more fat put back in the system theyre stuck, theres no where to go. Itll be interesting to see where they wiggle out of this. So oil lower for longer, Interest Rates lower for longer. Liz we have the Consumer Price index number which is indication of inflation at the consumer level and to scotts point, do they didder too much and talk too much . They talk too much. They are fighting in public. This should take place in in a conference room, in the meeting room not in front of a camera. Liz do you guys agree . Yes. Liz we initially liked the transparency but we had seen the volatility it causes and here at fox business we are covering every single move or fed head, the dubs versus the hawks and who said what every five seconds. Yeah, part of the problem, liz, is that youve got all 12 fed Bank President s talking, youve got most of the governors talks and you have Stanley Fisher who came into the fed and didnt like the way they were jawboning the market and you have messages coming out. I actually look going back to the greenspan fed which i know jerry was part of and remembers where all we do was every meeting we look at which arm he was carrying briefcase in and then we guessed. Liz do we go back to that, gary, shall we go back to that time . The transparency doesnt work. Maybe the members werent ready for it. Liz keith, scott, have a good week. Be sure to tune in to wall street tonight, ubs manager and Capital Management ceo bill smeith, markets, where people should be putting their money and, of course, what the fed might do next week. 8 00 p. M. Weekend and stick around for stossel. Look at the dow still down 91 points. You dont have your apple i7 by now,