Transcripts For FBC Mornings With Maria Bartiromo 20240714

Pounding grand bahama island. At least 20 are injured, streets are flooded, many residents documenting the terror on their phones. Every room in this house had windows blown out except for right here. Hurricane dorian is expected to start moving later this morning in north, North Western direction, people in florida are ready for that, most have spent days boarding up their homes and preparing for this hurricane, some days more in a rush to get supplies, other days when the some track caninged or stalled the urgency seemed to subside, stores became a little less crowded, some areas in Palm Beach County are under mandatory Evacuation Orders, shelters are opened and some people are taking advantage of that but at the same time some worry unpredictability of the storm, the slowness of the storm is causing residents to let the guard down, here is the mayor of West Palm Beach. I just fear that people would be complacent and let the guard down and we cant get that happen. Hurricane warning is in effect for grand bahama and also in parts of florida, the National Guard start today move in from people and supplies so this area overnight on sunday, they said they got the call, 200 people already with highwater vehicles in the area in the event the county needs any help, maria. Maria ellison barber joining us there live, we will check back as the story continues there, joining the conversation this morning pollster and the president of maslansky partners lee carter is here along with author of persuasion lee carter, congrats on the book. Mitch roschelle is here and Senior Writer Jon Hilsenrath, great to see everybody this morning, happy tuesday actually, welcome back from the summer, so what are your thoughts on the Disaster Recovery efforts, lee . One of the things so many people are focused on when they are watching hurricanes is what they can do today, they are talk about shelter, they are talking about getting people water, evacuating, but the dais after theres so much devastation and such a long time for rebuilding that we really need to if you sit at home wondering how to help, so many Different Things to help with the efforts in rebuilding and these people will be devastated for a very, very long time. Maria we dont really know the true impact in terms of the economy, john, what about that . Well, i think people are probably focused today on the human toll, you know, 5 deaths in the bahamas, hurricanes and Natural Disaster destroy wealth but they dont hurt economic activity, you never see expansion stopped or slowed down because theres always rebuilding that takes place after it. I think the real focus should be on human toll especially in places like bahamas, as we isnt that true puerto rico a few years ago, they may not have the infrastructure to with stand Something Like this. The economy will be fine in the long run although people will lose homes and cars and that hurts wealth in the long run too. We talked about this in harvey and last year in houston, a lot of folks dont have insurance because they live in areas where they wouldnt ordinarily have insurance here on gulf coast or east coast of florida, people dont have Flood Insurance because they cant get Flood Insurance. The other thing about insurance, the whole Flood Insurance is distorted by government policies, the government has been subsidizing which drove private insurers out of the market. Maria whats impact markets is resudges of trade fight, china obviously has not made an appointment to have the september meeting so far, we are looking at 225 point selloff in the dow after the u. S. Imposed heighten tariffs that went into effect sunday september 1st impact things, clothes, electronics, china is fighting back filing case against the u. S. Through the World Trade Organization. Of all places. [laughter] well, you know, i want to talk about wall street story that my colleague simon who is a great reporter covering Small Business has survey out where we are finding out that increasing number of Small Businesses say that the trade conflict is affecting them and theyre not as well equipped as bigger businesses to deal with the shifting environments, i think thats something to look at. The other thing we saw over the weekend reports from outside of the u. S. , these purchasing manager indices, reports on the industrial economy in south korea, japan, indonesia, china and germany, they are all softening, they are not tariffs but uncertainty, where are things leading and thats affecting business all over the world, today look at Small Business in the United States. Maria pmi, purchasing Managers Index out of china was below 50 which came out overnight and weaker than expected. You are seeing real weakening of the economy but not just china, its everywhere, its our allies, germany, japan, south korea too. Maria then theres brexit, mitch, another uncertainty, right, out there, uk Prime Minister Boris Johnson speaking out over the weekend that uk will leave the European Union by october 1, hes got the deadline, he will keep it. Johnson hinting of a possible election before thesterling belt time thats happened since 2016 amid uncertainty, so you have that impacting markets, mitch. Back to trade topic, their traders, they have a diminishing currency that impacts trade with other countries, so the stories are all interconnected, brexit obviously is a different catalyst than the trade war that we are having with china that impacting other economies but they have a falling currency and ours is getting stronger, thats desperately impacting trade around the world. Maria date is october 31st, 31st is when boar rin johnson wants the uk out of the eu. Lee all this is culminating in selloff because you have uncertainty from impact from brexit to china on the u. S. Yeah, i think that you see a lot of fear and uncertainty, theres not really one thing that you can look at thats making people feel comfortable, you look at china making this kind of threatening a lawsuit right now, that is a real, i mean, whether or not we think anything will come out of it its a symbolic gesture, what they are saying theyre making a statement, you know, we are not counting the table, theyre taking a strong that people will feel uncertain, not much for people to hold onto. Maria to be clear, you havent really seen impact in the numbers yet in terms of the u. S. , yes, you have a slower gdp, of course, we know that in the second quarter, but this story in that you refer today earlier in terms of Small Business, we havent seen it in terms of the actual metrics . Well, great that you mention the numbers because theres a very big set of numbers coming out this week on friday, 8 30 on friday morning, watch maria at 8 30 we have jobs numbers coming out for august and we have seen slowing in hiring and thats really, i think the full for the u. S. Economy as long as Companies Continue hiring and consumers will continue spending and economy will keep growing, if hiring slows and business get worried about outlook and slow hiring then we will see impacts. I watched the job numbers on friday. Maria all hands on deck to see how the impact is, again, Fourth Quarter will be critical, thats when we are going to see whether or not pull it in significantly or not and we will get a real sense of of earnings in the next couple the toughest thing for companies right now is the uncertainty. Maria i agree with you. Anybody can help higher costs with tariffs maria you need to know what youre dealing. If youre planning for 2020 right now, from a business perspective, forget about the elections, if youre a businessman planning for 2020 you need to understand whether your call structure, you need to put your plant here in china or vietnam. Maria if you have a plan to invest many certain business, you have a plan to change your marketing strategy, whatever it is, you might put it on the shelf because you dont know where tariffs are going to go. Aside from manufacturing because manufacturing is relatively small part, the Services Sector similar pacted as well because youre not going to invest in new technology. Right. You will not, jon, to your point invest in more labor if youre worried about the future. Although i just want to say cap x is down, the last reading, but money going into software, things like that it is not down, its not negative. Lets just remember that. For now the question maria okay, fine. Jon businesses want certainty but we are talking about renegotiating the economic relationship between the worlds two largest economic powers, that takes time. Theres a real conundrum about do you get a deal to give people certainty or you keep doing this to get a good deal. Maria we are expecting tripledigit loss right out of the gate, when we come back, tragedy on the water to report, dozens death as Fire Destroys a dive boat off the california coast, details coming up next, markets pointing to loss at the start of trading after long Labor Day Weekend, we will break it all down, stay with us. Expr. Everyone has something to say. But in a world full of talking, shouldnt somebody be listening . So. Lets talk. We are edward jones. With one Financial Advisor per office, were built for hearing whats important to you. One to one. Edward jones. Its time for investing to feel individual. That a speaker is just a speaker. Or that the journey cant be the destination. Most people havent driven a lincoln. Its the final days of the lincoln summer invitation even. Right now, get 0 apr on all lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. [ scoffs ] if you say so. Im sorry . What teach here isnt telling you is that snapshot rewards safe drivers with discounts on car insurance. What . Or maybe he didnt know. [ chuckles ] im done with this class. Youre not even enrolled in this class. I know. Im supposed to be in ceramics. Do you know room 303. Oh. Thank you. Yeah. Good luck, everybody. Oh. Thank you. Yeah. On a scale of one to five . Wait. One to five . When it comes to feelings, its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry, clive actually, really angry. Thank you. And seat 36b angry. Youre clive owen. And youre barefoot. Yeah. Theres also apprehension. Regret. Relief. Oh and theres empathy. Ah, i got this in zurich actually, whats the opposite of empathy . But what if your business could understand what your customers are feeling. And then do something about it. You can turn disappointment into gratitude. Clive, you got to try this. I cant im working. Turn problems into opportunities. Thanks drone. Change the future of your business. Change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Welcome back, the search goes on this morning for survivors of boat fire in california. Lauren simonetti with details. Lauren what a story, search and rescue efforts expect today resume after Labor Day Weekend scuba diving trip ending in tragedy. [inaudible] i cant breathe. Distress call saying the conception was completely engulfed with sleeping passengers trapped inside, 25 confirmed dead, 9 remain missing and 5 crew members were able to jumped to safety rescued by nearby ship. New information ant gunman who killed 7 people and left 25 injured in odessa, texas on sad, the suspect who had just been fired from his job called both police and the fbi before the shooting began, the company where hed work also called 911 but the suspect was gone by the time Police Showed up, the shooter was chased by officers and killed. Hauwei crying foul, accused the United States launching threat, allegedly stole camera technology, the u. S. Claims hauwei spied for china. Maria short break, unrest in hong kong continues, police clashing with protesters as the citys leader reportedly says she would quit if she could, fox senior strategic analyst jack king, facebook ready to follow instagrams example, the fallout coming up, back in a moment with that. With sofi, get your credit cards right by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. Maria welcome back, violent demonstrations in hong kong, thousands of students skipping first day of school yesterday to take to the streets for the 13th week of protests, hong kong chief executive reportedly saying that caused havoc and would quit if she could, lam responded that shes never asked the Chinese Government to let her resign, chairman of insubstitute out for study of war, retired general jack keane, thank you so much for being here. Glad to be here, maria. Maria i want to talk about protestors and where we are here, let me get your reaction to what lam said, ms. Lam basically overheard saying she would quit if she could, how would she change or impact . I dont think theres impact whatsoever, she offered reseg nation resignation weeks ago and the communist Chinese Party rejecteded the proposal. All that said, maria, ccp has been in charge day in and day out in hong kong now for some time, theyve got Senior Police advisers on the ground there that are really calling the shots and obviously we know we they have military in the wings prepared to react if theyre called into deal with this demonstration, but theyre in charge of it and i think weve gone into a new phase, maria. Maria what is the new phase right now, give us your sense of where we are with this . This is the 13th week. Yeah, the new phase is they are outwardly arresting leaders of the dem demonstration as best they can determine who they are. Young Peoples Movement who are organizing the demonstration and they have many involved in that as opposed to one or two leaders themselves, but that that is a sign that the ccp is going to begin the crackdown, if china can take the leaders away, something thats been proven when you are putting protests down, that does in a sense undermine the protest itself but with this with hong kong people and how strongly they feel about this, i dont think arresting the leaders is going the change the quality or the quantity of this demonstration. It indicate who is is at the rallies, who is actually protesting because the cameras can pinpoint who is actually attending, will there be backlash from the government . They have over a thousand in jail cells already and mr. Of the people who have been in judicial hearing, they are being charged with 8 to 10 years because they used the word riot to describe activities and that gives greater jail sentence, a lot at stake for protestors to be sure, but i dont see end in sight at least in the near term for the protests and the more they arrest, i think the more they will protest. Maria another example of china using artificial, right, i mean, i know ai is used in the military, how how significant is its use in the military . Well, ai is just is growing by leaps and bounds and we are using it to help control drones in the air as well as on the sea and china also was building the capability, in fact, their advancement is greater than ours because they got into it earlier and resources that they are plying are significant, literally 15 times as much as what we are putting into. They will get there with greater because unfortunately when new technology comes, always been the United States thats been on the leading edge of the technology, not china. Maria general, let me switch gears and ask you about troop withdrawal and u. S. And taliban officials working on a plan to remove u. S. Troops from the country, itll see 5,000 troops from 5 military basis polled within 135 days after the deal takes effect late last night explosion rocked the capital killing 16 people, wounding more than 100 others, taliban is taking responsibility for the bombing saying that the compound was, quote, huge base for planning and divisive strategies and operations for brutal Foreign Security companies, i mean, explain this one in the middle of negotiation with the taliban they are taking responsibility from bombing an area where there was security companies. Yeah, the taliban, weve been under negotiations for a little bit less than a year, 8 to 9 months, something to that effect, taliban has had as part of their strategy to increase level of activity, increase the violence, increase the killing to give them better leverages at the north north negotiationsg the on scene commander general scott miller agrees with and likely would have done anyway even if they were not negotiations, so the United States has no problem with that, the real issue here is, maria, we are about to announce a deal with the taliban that will say in so many words that we will pull all of our troops out by the end of 2020 and theyll be conditions associated with that like one, the taliban and the Afghan Government will talk and you have to ensure that the alqaeda and the isis do not return and have safe havens, but when we make that announcement in less than 18 months, thats going to have devastating effect on the Afghan Security forces, they will feel betrayed and look out as surrender to the taliban and right now as talks have broken up, what the taliban leadership is proclaiming is that one, theyve defeated the United States much like they did the soviet union, the United States is going to be gone here in a short period of time and us that you will have to deal with and just two weeks ago, the taliban spokesperson said that alqaeda was not responsible for the 911 attacks and what an absurdity when they claimed responsibility for the 911 attacks time and time again. Maria right. Epic and iconic experience of that entire movement. Maria so is there any reason to believe that this would get reserved given the fact that it appears that withdrawing the troops in 135 days could make things worse . Well, theres no doubt in any mind itll get worse, it would lead to a civil war because the Northern Alliance tribe that is worked with us to defeat taliban are already getting organized for it. President trump is in charge of this, if he doesnt want to go down below the 8600 and not agree with the with the taliban, you know, to complete withdrawal and say conditions havent been met and we are just not going to do that, thats his call and i think that is the right call, we have a stop that we can apply. Maria real quick, how many troops will be left behind . Right now the plan is 8600, i think thats about right, that gives us a few advisers and Counterterrorism Force to make sure alqaeda does not establish safe haven. Maria its important not to bring all the troops home so we have the 8600 there. General, good to see you, thank you so much. General jack keane joining us there, tracking dorian, the storm downgrading, full forecast after the break, long holiday Labor Day Weekend, whats moving the markets this morning, down 221 points on the do i, stay with us, back in a minute. Se it se it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Its how we care for our Cancer Patients like job. When he was diagnosed with cancer, his team at ctca created a Personalized Care plan to treat his cancer and side effects. So job could continue to work and stay strong for his family. This is how we inspire hope. This is how we heal. We love you, daddy. Good night. I love you guys. Cancer Treatment Centers of america. Appointments available now. Thand find inspirationrs who win new places. Ct. Leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. Maria welcome back, good Tuesday Morning, tuesday september 3rd, top stories right now 6 32 a. M. On the east coast, Hurricane Dorian destructive path, the hurricane stalling over the bahamas right now but will make its way to florida, latest on the storms path this morning. China is suing the u. S. Over tariffs on goods that went into place this weekend. That includes clothing and electronic tariff that is went into effect september 1st, what that could mean for future talk, talks are expected to resume this month, however, no date and no appointment has been set between u. S. And chinese leaders for september so far. Trade worries hitting markets once again, futures indicating decline of 200 points this morning at start of trading we are expecting selloff in major averages as well. 24 points lower and nasdaq lower by 73, thats about 1 lower right there. Last week the dow and nasdaq and s p snapped a 4week losing streak, good week, the dow was up 3 and the almost was almost 3 as was the nasdaq, Global Markets reacting this morning to purchasing index, dax index in germany lower by 26, as battle of brexit intensifies, dollar is up, in asia overnight stocks were mixed as concern over u. S. China trade continue, the yuan weakening hitting 11year low on u. S. Dollar, hang seng down nearly 2 thirds of a percent, we do have purchasing manager indexes as well. Top story half an hour, Hurricane Dorian, 5 people confirmed dead as category 3 storm off the florida coast, dorian packing winds of 150 miles an hour, dumped historic rains on the bahamas this morning. Jillian mele with the very latest, good morning to you. Good morning to you, maria, we have wind gusts and bands of heavy rain in overnight hours, take a look behind me, we are starting to see beach erosion, you can see the pipe that was pretty much completely under sand yesterday, we are seeing that, you have to worry about storm surges, you have to imagine that a lot of people as you know do ride out the storms but police have been going door to door, we went with them yesterday as they tried to evacuate as many people as possible, look at this. You plan on leaving or youre staying, okay. You do understand that the flood levels and Everything Else through here is extremely dangerous, right . Okay, we are under mandatory evacuation, okay . So that area in particular where we were following along with police, that area was completely devastated in 2004 from hurricanes then and they told us about 25 to 30 people had to be rescued from waistdeep water and listen to what one officer has to say. Usually big flood zone, as far as hurricane obviously its catastrophic. Where we are standing right now is there a likelihood this will be under water . Yeah, high likelihood that this will be under water. And so thats one of those things as you know that once the storm is at its peak, sometimes officials cant come and rescue people if they stayed in their homes so theres still a little bit of time this morning, winds are picking up, rain is pick up and if you need to get out now is the time to take seriously and get out, maria, before we leave you, do i want to tell you that the bridges have been closed, officials closed on midnight last night because of wind gusts and its only going to get worse from here and we will keep you updated. Maria we hear the wind gusts right now in the microphone. Jillian mele in vera beach, fox news senior meteorologist on where the path goes now, janice. Janice maria, the storm has weakened a little bit but still category 3, it is stationary, still battering for about 36 hours the same areas across the North Western bahamas with storm surge, heavy rain and relentless winds, we saw a historic category 5 yesterday in the North Western bahamas and the damage is catastrophic for them, unfortunately as the pictures come in. For us, the coast of florida we are still dealing with potential for strong winds, Tropical Storm winds, heavy rainfall, a foot or more and storm surge as i mentioned 5 to 7 feet along the coast of florida, the track has the worst of the rain and the winds and the storm surge offshore, but we are still going to see indirect impacts, however, as we go thursday and friday, the storm comes closer, perhaps making impact or landfall somewhere along the south carolina, North Carolina coastline, so thats when we will have to watch the storm, still major category 3 on thursday and close the other land on friday, something that we will have to watch over the next couple of days, storm surge as i mentioned even if the storm is offshore, 4 to 7 feet of storm surge, that is going to cause inland flooding and certainly problems if you live along the coast, we could see storm intensify but we expect a major hurricane over the next 24 to 36 hours as it eventually moves north ward, again, maria, we will watch for the carolinas as we go through the next couple of days or perhaps a direct impact from the storm system, back to you. Maria janice thank you, we will get back to you as this storm continues in its strength, joining us right now former fema director, brock long, brock, thank you so much for being here, give us the kind of things fema is doing right now knowing whats coming even though the storm has been downgraded . Well, right now fema is working with the state governors and local officials hoping to people stay vigilant, a couple of things worry about dorian right now and they are worrying fema, question one is how far west is the storm going to drift over the next 24 hours, the further west it goes, the higher the storm surge estimates will be, the more wind impacts youre going to see and also the wind is expanding, while intensity is coming down, the wind feel is expanding where hurricaneforced winds and tropicalforced winds extending well beyond center circumstance swlais which increases impacts, right now we need people to heed the warnings and always blows my mind when people think they know better than local officials and try to stay put when asked to leave. Brock, good morning, Mitch Roschelle, the folks who do or dont have insurance, so if you are in one to have areas that get devastated by water and wind and the like and you dont have insurance or you cant get insurance because youre in a flood zone, what are your options right now . Thats something that we have been trying to preach, having run the insurance program, any house can flood, theres a myth out there that a lot of people believe that they dont need Flood Insurance because they dont live in flood hazard area, thats not the case, we ask everybody to consider Flood Insurance because if you live in an area where it rains it can flood and insurance will help you recover far greater than fema, so if you look, for example, Hurricane Harvey when houston and the area was hit, 80 of the homes were unsured and people chose not to buy insurance or were not informed that they could buy insurance and if you look at average assistance that fema put forward 4 to 6,000 versus average payout 117,000 from insurance plans that fema offered up in that area. Brock, this is Jon Hilsenrath, do you have a sense of how well equipped the bahamas are to deal with with catastrophe like this now . The bahamas arent puerto rico, its not under u. S. Jurisdiction, but give us a sense of of how of what their infrastructure is and how do they compare, trips, to puerto rico for instance like this . Yeah, its my understanding that the infrastructure is not exactly solid which was the case in puerto rico and any time, you know, a country does not have strong infrastructure meaning strong, you know, resilient power grids to feel capabilities to water sewer capabilities, if theyre not maintaining Roadway Systems or building them to mitigating manner, obviously the storms have a greater impact which can also increase loss of life and the Recovery Time thats there. If the United States gets involved with the bahamas, typically at the direction of the state department and through usaid but its also interesting to see whether or not the british government, you know, brings the force that is the United States would bring in, like we did to puerto rico, whether thats duplicated by the british government. Maria we will be watching, brock, we will be watching, thank you for your insights this morning. Brock long joining us there, going, going gone, facebook getting rid of like, u. S. Hard break at the open last night, defending champ naomi out before quarter finals, who sent her packing, coming up, all the details from last nights big match, Hurricane Dorian, we are keeping an eye downgraded from category 5 to 3, stay with us, back in a minute. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Sleep number 360 smart bed. St sale of the year on a ptech students around the world. You can adjust your comfort on both sides your sleep number setting. Can it help us fall asleep faster . Yes, by gently warming your feet. But can it help keep us asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. So you can really promise better sleep. Not promise. Prove. Its the final days where all beds are on sale save 40 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 24months on all beds. Ends sunday. Youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. But shouldnt somebody this is be listening . Pression. So. Lets talk. Were built for hearing whats important to you, one to one. Edward jones. Its time for investing to feel individual. Welcome back, President Trump taking to twitter to welcome a trade agreement between u. S. And brazil over ethanol, Lauren Simonetti with details, lauren. Lauren the president tweeting brazil will allow more american ethanol to enter the country, countering intuitive reaction stems from ongoing negotiations between south american nation and trade agreement, big additional list to be submitted and approved within 2 weeks, better for ethanol and we save small refineries. Facebook may start hiding likes on news feed posts, prevent users from destructively comparing themselves to others and possibly feeling inadequate if their post dont get as many thumbs up. Facebook could also stop users from deleting posts an getting enough likes, download down 1 right now. Naomi falling to bencheck, she was the number 13 seed, defeated the number one seed and ashley is number one. Maria unbelievable. You were there. Prepared for nadal match. Maria how was it . 3 hours. I was looking at my watch, i have to get up at 3 00 in the morning. It was worth it. [laughter] maria we will take a break, when we come back, airport scare, panic inside Newark Airport and terminal where passengers were told to evacuate, what happened coming up, Global Markets in focus this morning after new tariffs on china kicked in this weekend, september 1, they went into effect, we will take a look at whats impacted, stay with us. Kevin, meet your father. Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. 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. Sleep number 360 smart bed. St sale of the year on a you can adjust your comfort on both sides your sleep number setting. Can it help us fall asleep faster . Yes, by gently warming your feet. But can it help keep us asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. So you can really promise better sleep. Not promise. Prove. Its the final days where all beds are on sale save 40 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 24months on all beds. Ends sunday. Maria welcome back selloff this morning on wall street, take a look at futures indicating decline right out of the gate, latest tariffs on chinese goods went into effect on sunday september 1, theres now new uncertainty over the timing of the next round of negotiations, joining us right now Vantage Point Investment Adviser chief Investment Adviser wayne wicker, wayne, good to have you this morning, how do you want to be invested in the face of uncertainty of chinau. S. Trade dispute . Well, maria, domestic investors such as you and i, its going to be easy to sidestep some of this by focusing on Domestic Companies insulated from that, those would be utilities and Real Estate Press and while they have lofty valuations today they are a predictable stream of investments in unpredictable market. Maria but are they isolated, Jon Hilsenrath is here, top story in the journal, trade conflicts Global Impact grows, jon, you mentioned earlier these are Small Businesses. Right, we did a survey in august of Small Businesses and growing number of them are saying that theyre being impacted by the trade conflict and in particular the uncertainty about the trade conflict and where this is going to lead. Maria wayne. Well, i think that certainly theres some Consumer Confidence issues when it comes to trade, however, if you look at where unemployment numbers are still very low, we are going to get a jobs number friday thats going to probably while trending lower still be ig significant and as we can see the consumer is still alive, and while there may be consumer concerns on the trade side of things, i think youre still seeing that theres going to be some positive Earnings Growth here in the u. S. Which youre not seeing elsewhere. Maria thats what we want to see, let me bring out the fact that boeing and caterpillar are down this morning, these are two multinationals and for the most part multinationals are getting hit, thats down 1 and a half percent on boeing and 1 and a quarter percent on caterpillar, stronger dollar mitch that you talked about so much, british pound down to lowest point since 2016, this has to do with brexit, Prime Minister Boris Johnson threatening snap election, so thats also adding to uncertainty. Big exporters, those two companies, and exporting when dollar is alltime high, cost is high, so in light of the fact that we have this incredibly strong dollar and incredibly weak currencies around the world, is there a safe place to invest if you are in the multi nationals space, i know that you recognize that utilities are safe place to be, but if you decide to venture in multinationals, is there a safe place to be . Probably the safest place everywhere will get hit by the earnings numbers as the dollar rises, but i think those that have longerterm contracts and visibility, defense contractors, for instance, seem to be in area that while they have a lot of international business, i think domestically everybody can agree both on republican side and the democratic side that defense spend asking going to be going up. You have to look at those companies that have trends that despite higher dollar are going to continue. Jon wayne, you mentioned profits a couple of times, walk us through your outlook for the profit picture. We were talking about double digit earnings increases in 2018, how much is that slowing down and how do you see it playing out in 2020 . Yeah, i think that we are now in september, everybody is coming back from summer vacations, analysts that this time of the year historically start developing their 2020 numbers. I would tell you that at this point in time, youre going see very limited single digit increases for next year, but the important thing is i think its still going to be positive versus other places around the globe. Maria what about the jobs number, fridays job numbers, people are anxious to see Global Impact . I think theyre expecting 158,000 last month was 164,000, thats natural in this stage of the economic cycle, so i dont think thats anything to be concerned about. Maria once everybody comes back its all about 2020, focused more on the economy going into the president s reelection . Yeah, absolutely, the economy is going to be everything right now and the president is going to i mean, i think a lot of people are trying on the left saying that a recession is coming, that the economy is falling apart and 2020 will be terrible, but i think people arent feeling that way, we are talking about Consumer Confidence. Jon we were talking about the president s tweet on ethanol, thats really directed at farm states that are being hurt so hes focused on the economy too. No question about it. Maria interesting analysis, its just focused on the farm states, wayne, great to see you, thanks so much. Wayne wicker joining us, still ahead Hurricane Dorians path, downgraded to category 3 storm and still causing destruction as it hovers the bahamas, full report next. Beyond the routine checkups. 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. Were changing whats 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. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Maria welcome back. Good Tuesday Morning, everybody. Thanks so much for joining us. Im Maria Bartiromo. It is tuesday, september 3rd many your top stories right now, 7 00 a. M. On the east coast. Hurricane dorians destructive path. The hurricane is stalling over the bahamas right now. However, it is expected to make its way toward florida later today. We have the very latest coming up on dorian. Trade once again working its way through markets. Futures indicating a triple digit selloff at the start of trading this morning, down 185 points, and that is off of the lows. Last week, the dow, nasdaq and s p snapped a four week losing strealosestreak. The major indices were up about 3 . Global markets, take a look at european indices. The cac is down 22, the dax in germany down 37. We had the purchasing Managers Index out, showing Manufacturing Activity contracted in the eurozone this morning. The u. K. Manufacturing pmi down to its fastest rate in seven years. This as the battle over brexit intensifies, sending the pound to a multiyear low this morning as the dollar goes up. In asia overnight, stocks were mixed. Concerns over u. S. China trade continuing to impact markets. The hang seng down a fraction. Its really fractional moves this morning in asia. Thongoing protests in hong kong hitting the markets with the hang seng down fractionally. China is suing the u. S. Over tariffs that went into effect over the weekend. Talks are expected to resume this month. We have no confirmation on any meeting between the u. S. And china in september. More trouble for boeing. The 737 max could remain grounded into the holiday season. What it means for the aircraft maker, the airline and your travel plans. The stock is down one and a third percent this morning. All those stories coming up this Tuesday Morning. Joining me to break it down, a author of the new book, persuasion, lee carter is here. Mitch rochell is here and Senior Writer at the wall street journal, john hilsenrath. Your book hits shelves today, lee. It does. Maria tell us about persuasion. Im so excited about this book. I think its so, so needed right now. We live in a time where people arent having conversations across party lines, people arent trying to engage with each other. People are shouting louder, entrenched in their own ways. I think the only way Real Progress will hatch is if ween will happen is if we engage in conversation. I liked in the book was talking about the haters and listening to what the haters say. Say. Say. Its hes to dismiss what people say in the negative. I think sometimes its important to listen to whats being said and say lets get underneath that. Lets try and understand whats going on underneath that. If you want to change somebodys mind you need to understand the other side. For example, if youre a progun control person, youre having a conversation with a Second Amendment supporter, a lot times dipeople dig in their heels ratr than trying to understand where the person is coming from. When you understand the fear or what theyre afraid of, you can have a constructive conversation. How does that relate to social media. There is animosity spread on twitter. Do you have any advice on how people deal with to a certain extent when it gets totally crazy you have to tune it out and not take it personally. When you have to get underneath it, what is going on, what people are afraid of, its driven by fear, fear of change, so spend the time to understand it. You can meet people where they are by having a em pathetic conversation and then start pulling them alongside of you. Maria its incredible the sharp differences in opinions in these last couple years. Congrats on the book. Thank you so much. Maria we will keep talking about that and getting more insights from your in some cases your personal stories in the book as well. Thats right our top story this morning, Hurricane Dorian is a category 3 storm, packing winds of more than 120 miles an hour, sitting off the coast of florida. Allison barber is live this morning in West Palm Beach. She has the very latest. Allison, good morning to you. Reporter hi, maria. We have been expecting to see more rain here, stronger force winds. Yesterday there were moments where there was heavier rain. Some stronger bursts of winds. Weve seen various little bits of rolling rain this morning here in West Palm Beach. But for the most part, things are felt relatively slow so far. We have seen people prepping in florida for days. Were told by the National Weather service that the hurricane which is stalled over the bahamas is going to start moving north today. People in florida are prepared for that. Theyve been boarding up their homes, buying supplies. But some days there has been more of a rush to get supplies. Other days, when weve been in hardware stores, things have been a little bit slower. Officials are worried about that, at least in part. They say they are concerned perhaps that some people are letting their guard down and they dont want that to happen. Listen here. I just fear that people will get complacent and that theyll let their guard down and we cant let that happen. Reporter the florida National Guard started to move into the palm beach area a couple of days ago, about 200 members of the National Guard are stationed at an armory near the airport in town. They got an alert on sunday, saying Palm Beach County might need help. From 10 00 p. M. Sunday to 2 00 a. M. Monday soldiers started to move in. They are sleeping on cots. They have a number of high water vehicles in place in event any sort of rescue is needed. They say, though, they hope that will not happen. The rescues can be incredibly difficult, once winds hit upwards of 40 miles an hour they arent able to go out. They have to wait. Theyre saying people have an Evacuation Order to get out of town. If they havent already, get to a shelter. Once things start going they might not be able to help allison, thank you. Trade tensions this morning are moving markets. China followin filing a comph the world trade oranization over the trump administrations tariffs that went into effect over the weekend. It took effect september 1, targeting goods like clothing, tools, electronics. Beijing biting back, imposing retaliatory tariffs on u. S. Imports of soybeans, crude oil and pharmaceuticals. The big retaliatory tariffs come december 15th. If those go through, that will have an impact. Joining us right now is tennessee senator, march sha maa blackburn. What do you want to see in terms of china. The retaliatory tariffs are in place from beijing. Were expecting a bigger bite l combitecome december. Are you expecting a deal . I think we will see a deal, maria. Look at how china reacted as soon as the japan agreement was announced. Knowing that is there in principle, kind of spurs them on. What i hear from my democratic colleagues is that the usmca will papas hand el handily in t. Its up to nancy pelosi to put it on the floor, call the vote. Im he hopeful she will do that next week. We know that the brexit the u. K. Deal is there when they exit brexit. That has been worked on. And china didnt want to be the first to strike a trade deal with the u. S. They sure dont want to be the last. And with the tariffs on these consumables, it is going to affect their approach. Maria we have a big week in terms of the economy this week. Do you think in the middle of all a of this were going to see an impact to the Economic Growth, given the fact that theres all of this uncertainty . Because we are going to get a good reading into the economy this week when weve got lots of numbers coming out, culminating at the end of the week with the jobs numbers and were wondering if were going to see thats the uncertainty out there and the fact that rates are so low, because people dont know how this is going to end. Well, i loved what lee was just saying about the difference between being there, looking at hope or an fear and how you reat to things. Here in tennessee, as i visited with manufacturers and have been on plant floors during the month of august, im going to tell you, maria, people are betting on hope. Not on fear. And they fully believe that were going to see something resolved with china. And when you talk to our farmers and ag producers, japans agreement is very focused on agricultural products. And this is going to provide some relief for them. Theyre hopeful about usmca. And the markets that are going to be there and im telling you, on that usmca, when you have the farm bureau, the chamber of commerce, the uaw, and the teamsters all supporting an agreement, call the vote and pass the thing. Maria yeah, well see see. If she brings it to the floor next week, people feel it will get a yes vote. Thats important for the economy as well, john. I want to ask you about politics and the china negotiations. These negotiations are dragging on. They could drag on through the 2020 election. Would you be comfortable with these negotiations continuing to get a better deal even if it goes on through the 2020 elections or do you want the president to finish this up and get it out of the way before 2020 . We want this done right. The thing that has happened with china and china trade is there has been a kick the can mentality. And they have just lied, cheat, stolen, taken our technology transfer, intellectual property violations, the Copyright Court in shanghai has not been a whole lot of help to u. S. Innovators, so lets get this done right. I think having these other trade agreements puts some muchneeded pressure on china to get this done. And you know, when you look at every different sector, whether its the entertainment sector, the technology sector, of course the agriculture sector, china look at the wto violations theyve had. The list goes on and on. Everybody wants to deal with china and say, look, if youre going to be a market economy, act like a market economy. Maria thats what were seeing that play out right now in hong kong, obviously where theyre demanding freedoms. Theres a great op ed in the joint venture naithejournal abos going on there to tianemen square. What are your colleagues when you and your colleagues get back. Gun regula regulation is one thg being talked about, the push to limit high capacity magazine, thats gaining steam from lawmakers following recent Mass Shootings, including one this weekend in odessa, texas. Nine states passing laws. The house weighed a several bill at a federal level which would ban magazines holding more than 10 rounds of ammunition. Senator, what should be done . Do you thing this will be high on the agenda when Congress Gets back in session . Of course. Looking at the issue, its going to be important. Maria, no one wants someone who is a danger to themselves or others to have a gun or any kind of weapon. And no one wants to abridge someones lawabiding citizens Second Amendment rights. I think what you will see i will say this. One of the most impactful round tables i did during the month of august was with Law Enforcement officials in upper east tennessee. And they continued to talk about the need for more beds in facilities with those with mental illness. And during my time in the state, one mom told me about how pleased she was to finally get her daughter, who had been homeless, drug addiction, mental illness, in a facility and what a relief that was. Another woman told me about her brother who they have been to the police with a social media rantings and have said he owns a gun, help us. And they cant do anything. Looking at how we address that, looking at how we address mental illness, how we look at beds in facilities, so that people have the care and the medical attention that they need. Maria thats why the president was talking about red flag legislation, lee, where when theres a red flag, when you think theres a mental illness, you need to flag it. Right. Theres no question maria i dont know if that could be a abused. It could be abused. Theres people worried about their freedoms. Theres two sides of the argument. Theres the do you regulate the people, making sure do you regulate the guns themselves . Seems like most of us on the right are talking about how do we deal with men l tal mental i. I think the red flag makes sure it doesnt geat th get into theg hands. Maria thanks so much. Coming up, boning 737 boeing 737 delayed again. Two Major Airlines are pushing back. The max isnt connecte expectedn until the end of the year. How it could affect the busy holiday season. Trade tensions, china suing over the most recent tariffs that went into effect on sunday. Targeting goods like clothing and electronics. The status of future talks coming up. Back in a minute. Limu emu doug hour 36 in the stakeout. As soon as the homeowners arrive, well inform them that Liberty Mutual customizes home insurance, so theyll only pay for what they need. Your turn to keep watch, limu. Wake me up if you see anything. [ snoring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Val, vern. Im off to college and im not gonna be around. Im worried about my parents retirement. Oh, dont worry. Voya helps them to and through retirement. Dealing with todays expenses. Like college. While helping plan, invest and protect for the future. So theyll be okay. Without me . Um. And when we knock out this wall imagine the closet space . Yes oh hey, son. Yeah, i think theyll be fine. Voya. Helping you to and through retirement. Maria welcome back. Boeing facing new delays for the 737 max jet, that could stretch into the holidays. Grady pro drum bellgradi with t. Theres friction between boeing and International Air safety authorities according to the wall street journal. At a recent briefing, regulators complained that boeing failed to provide Technical Details and answer specific questions about modifications to max Flight Control computers. As you know, all of the you Major Airlines that fly the 737 max have already proactively canceled or taken flights off schedule through thanksgiving. American apparently with the most optimistic outlook announcing this weekend max flights are canceled until december 3rd. 200 for southwest, thats every single day and thousands of them every month for each airline. Boeing said for some time it hopes to have the planes back in service sometime in the Fourth Quarter. The journal reports some industry officials in europe, though, dont think thats going to happen. Theyre looking more like january at the earliest. Okay. So looking forward, whats the next step for boeing . They have to resubmit briefing documents describing proposed Software Changes according to the journal. Faa officials then have to vet the changes and thats why we could be looking at after christmas for when the plane is back in the air and maria, thats bad for boeings stock for two reasons. One, for quarter 4 earnings its not good and already the Holiday Travel season is a super busy time of year, so this pushes it back farther and could make travel even more difficult, especially for the airlines coordinating the lodge is. Maria grady, thats certainly moving the stock as well, down 1 andahalf percent on boeing shares. Grady, thank you. Well be watching. Coming up, trade tensions, new u. S. Tariffs are now in effect, charging a 15 tax on billions of dollars worth of chinese imports coming into the country. Chinas response, after this. And then apple watch sleep update, how its new feature will help track your zs. Stay with us. Well explain. Devices are like doorways that could allow hackers into your home. And like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Call, click, or visit a store today. Maria welcome back. We are looking at u. S. China trade this morning, new u. S. Tariffs are now in effect. They went into effect september 1, charging a 15 tax on 112 billion worth of chinese imports. Those imports include chocolate, beef, cheese, a lot more. Coming into the country from china. A spokesperson for the Chinese Commerce ministry now says china will sue the United States over these tariffs through the world trade oranization. Joining us right now is china beige book ceo, leland miller. Its great to have you. Thanks so much for being here. We want to ask about chinas economy. First, your thoughts on the lawsuit through the world trade oranization. It makes all the sense in the world for china to be doing this. One of the things theyre most scared of is being ganged up by the rest of the world. They feel vulnerable. How do you talk about chinese rule of law, how do the chinese broadcast the fact theyre part of the system and theyre not unfair traders, this is one way. They say look, we work through the system. We defend the rule based order. It gives them nice talking points. Maria does the hong kong situation put more pressure on xijinping . Next month, october, is the 70th anniversary of the communist Party Beginning on october 1st. You have to wonder if hes going to do anything before that. What about the hong kong protests and how that adds pressure . Its enormous pressure for xi. The world is watching. Everybody wants some sort of graphic, want a guy standing in front of a tank or the clos clot aapproximation. You have millions of people in the street. You have police who are reacting to them. Youre going to have images. Its very, very sensitive for china right now. You have the trade war. You have hong kong. You have all these other issues. Its very sensitive time for beijing. What do the people of hong kong want . It started out as a protest against a specific extradition law. Its become bigger than that. What do you think they want from the Chinese Government . The major problem is there isnt one set of demands. Theyre pushing back at the idea theyre being engulfed by the chinese state. People who talk bad about the state are going to disappear, all kinds of maria they want autonomy, like what they were promised. They want two systems. Maria china keeps breaking the promises. Thats right. Theres no real way of easily pushing back. This is basically an outpouring of emotion against some things that have been building up with the extradition law being the major issue. This is really hong kong fighting for its own freedoms. Maria i think it helps the president , doesnt it, because it puts more pressure on xijinping. It you is additional pressure on xi. If xi is trying to say do we trust the white house to do this or that in return for commitment, it makes it difficult too. Maria the breaking news this morning is that chinas Commerce Ministry says it has the right to declare a state of emergency. So china says it has the right declare a state of emergency in hong kong. Does that change anything from your standpoint . This just happened this morning. Not really. Chinas always felt it could declare a state of emergency. China feels that hong kong is chinas and as a result, theyre going to do whatever it takes. Theyre watching the cameras. They dont want this to play out bad in front of tv cameras around the world. Theyre going to do whatever it takes in order to put this down. Thats the real tragedy of this all, that no matter how hard hong kong people fight, this is going in one direction. In the world, one of the places you could count on for stability was hong kong. It was a trading port, way back, now its a financial hub. Now its unstable. Look at the images on the screen. Does china concern itself with the fact that hong kong is important for that part of the world, being a part of entry for commerce. Maria its a Global Financial hub. What message does it send to titaiwan, were going to give yu two systems. This is a major problem that xi didnt need particularly as you said before the 70t 70 anniversy of the prc. Everything is hitting the chinese right now. I cant imagine being a fly on the wall when the leadership met. Maria the administration, i think it was a couple weeks ago, said if we were to see any violence on the part of the Chinese Government, theres absolutely no chance of a deal between the u. S. And china. Right . So i mean, the u. S. Is watching what the Chinese Government does in hong kong very closely. They are. But heres where the chinese have a bit of a pass. A lot of what is happening right now is done by the peoples arm police, sometimes acting as hong kong policemen. The chinese have been preparing for this for years and years and years. Youre unlikely to see the type of army action, youre not going to have tanks rolling over the border and shutting down the streets. Youre going to have more police action. One thing the chinese have done, theyve gotten good at crowd control, riot control. The types of things you see are much more smooth and fluid but they can put down protests very easily. Maria theyve got facial recognition to do it. Theyve got ai all over the place. What about huawei, the company is now ayou usin cueing the unid states of accusing the United States of cyber attacks, of threatening employees, huawei detailing allegations in a new release, press release, where it denied stealing Smartphone Camera technology. Its still denying stealing any intellectual property. Thats one major concern is that lost amidst the other major issues, hong kong and trade, is huawei will get a free pass on this. Huawei has been a very bad actor for a very long time. And right now theyre under siege. The commerce accident has the ability to basically Commerce Department has the ability to basically stop most commercial relationship was the United States under the entity list and under more dramatic things, a denial order, for instance. This could get lost in a trade deal. That would be a major problem. Huawei is basically the tip of the chinese sword in terms of ig, its probably the most important state champion. This shouldnt fall under the radar despite how many big things are happening right now. How is the chinese Economy Holding up . Maria im glad you asked a that. We had flash data that came out and our data shows the economy is in much more difficult shape than i think the most recent public data. We have not shown this deterioration through 2017. Theres been very strong cred 2019. Theres strong credit support. Even in the third quarter, things are now getting worse. Maria is it going to hit the u. S. . Theres not necessarily a carryover mechanism but the weakness in china right now is quite dramatic compared to anything that weve seen since the Fourth Quarter of last year. Theres not a mechanism thats going to transfer one to the other. Its worrisome from a trade standpoint. Maria you said china doesnt want to fight the rest of the world. Do you feel the u. S. Has allies against china . If theyre asked. The problem is, as long as theres auto tariffs and other things hovering overhead, the europeans arent going to go to bat full steam unless they think theyve been cleared. A lot of this will be to marshalling the type of support. Everyone know what chinas been doing the last 20 years. The question is can they be taken out of the cross hairs and put china back in it. Maria dont forget the huawei infrastructure thats in place throughout europe. Its the battle of the ages. Maria leland, great to get your insight. Tracking Hurricane Dorian, the deadly storm leaves a path of destruction in the bahamas. Florida is briefing for impact. Floridas rick scott is weighing in with us live. Back in a minute. 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. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . So, how can we change my body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Should always be working harder. Oney thats why, your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Maria welcome back. Good Tuesday Morning, everybody. Thanks so much for joining us. Our top story this half hour, Hurricane Dorian, still a powerful category 3 hurricane headed towards florida. Parts of the state have evacuations in effect. One of the busiest airports in the country, orlando international, has been shut down today and Walt Disney World is closing early. Joining us right now, senator rick scott. Thanks very much for joining us. Can you tell us what youre expecting and what youre doing ahhead of dorian in florida. I got off the phone with the National Hurricane center. We have the potential for 47 feet of storm surge. This is a bunch of water coming in. We are watching this track. Were hoping that it goes north and east, not only does it not hit florida, it doesnt hit georgia or the carolinas. Weve got the risk of tornadoes. I want everybody to continue to follow the news, follow exactly whats happening here. I want everybody to stay safe. I always tell everybody, you can rebuild homes but you sure cant rebuild a life. The federal government i know is focused, ive been with President Trump over the weekend. Fema, camp david, i talked to the sheriffs, everybody is focused. Weve got to keep everybody, individual families, get off the barrier islands, watch Evacuation Orders, dont wait until the last minute if you think youre going to evacuate. Understand, we are probably going to lose power. Have seven days of food and water. Have your medicines. Take this seriously and hope for the best. Maria youve seen this before, senator. We are waiting to see whether it makes landfall in florida or in the carolinas. Tell us what that looks like, once a category 3 storm does make landfall in florida, if in fact thats where it will. First off, the biggest risk weve got is related to water. The winds horrible and the structures it could have a devastating impact. The real risk is storm surge, the flooding and so and were going to lose power. I mean, our utilities, i talked to them, theyre working hard but were going to lose power. Thats why i tell everybody. I hope this goes right up the coast and into the atlantic and never touches anywhere but youve got to watch it and these things are unpredictable. The National Hurricane center does a great job trying to figure out exactly where this thing is going to go but theyre very unpredictable where theyre going to go. My heart goes out maria, what happened in the bahamas, your heart goes out to what we dont have nearly enough information yet but oh, gosh, its devastation there. Maria right. Senator, thanks very much. We will be checking back with you of course as we watch this storms path. Thanks very much for joining us. Senator rick scott on the phone this morning. We want to turn to gun violence in the United States, the white house is now working with the Justice Department on legislation to expedite the Death Penalty for those convicted of carrying out Mass Shootings in the country. The move coming days after seven people were gunned down in texas on saturday. Joining me right now is former acting u. S. Attorney general, matt whitaker. Good to have you on the program. Thank you for joining us. Whats your take on this conversation here . Terms of gun legislation. Do you think well see changes . This is an issue i worked a lot on when i was at the department of justice, as chief of staff and acting attorney general. We had the School Safety commission that produced a report with many ideas. We also had sort of looked at the red flag law issues and told states that they should implement those as appropriate. But fundamentally, democrats and republicans in the white house, the senate, the house and the white house are going to have to come to some agreement because they cant do it alone. Nobody can do this alone. Thats what i saw at the department of justice. Pejust expeditedDeath Penalty fs is a good idea. Theres another part, the courts that give the cases unlimited appeals. I would like to see the legislation before i can really give you a great opinion on it. Maria aside from the Death Penalty, theres a conversation once again happening around Mental Health. The red flag legislation. Is that where this is going or do you expect we will have tougher proposal as it relates to peoples guns . I dont think theres a lot of appetite especially on the right to implement stricter gun laws but at the same time the American People are seeing these situations play out oftentimes and almost every time it does involve Mental Health crisis issue, we saw that in texas very recently. So this is where i think to some extent the states are going to have to get in the game instead of a topdown federal solution. I think each state is going to have to implement not only red flag laws but other ways to deal with the Mental Health issues. Let me ask you about the ig report on jim comey, your reaction to the report on the former fbi director where jim comey told the office of the Inspector General he made the decision to leak the contents of memos, confidential memos, to his friend because he wanted the conversation with the president to go in the public square. So that would tip an investigation by a special counsel. Your reaction . Jim comeys a sophisticated person that understands how the doj and fbi works and he knew that leaking the memos inconsistent with policy could trigger the appointment of a special counsel. One of the things that Everyone Needs to understand is it was inconsistent with policy and those policies are there so that sophisticated a actors like jim cant exploit the department of justice to their own interest instead of the interest of justice and so im very concerned. This is twice now that the Inspector General found jim comey acting in his own interest and not consistent with policies of the department of justice and i think thats going to ultimately really and dramatically affect his reputation. We have two more, we have another Inspector General report coming out on the fisa abuse issue and we have john durham, the u. S. Attorney in connecticut, working on the origins of the investigation. I think thats where its going to come to a head. Maria most people now understand there was a group of people that tried to frame the president back in 2016. And so far all weve seen is jim comey getting off, andrew mccabe, there was criminal charges referred but we havent seen any indictments. Do you think theres going to be accountability for this group of people that did come up with this whole story that the president had anything to do with russian meddling. The firing of jim comey caused two things, one, the memos leaked and the second thing an disc andy mccabe appeao have put the president into the investigation. Thats very concerning. I dont think the story is over by any stretch. I think a andy mccabe is in he jeopardy of criminal prosecution. I think john durham once he gets to the bottom of the origin of the investigation, i think we could see serious ramifications. Maria the cia was very much involved. Do you think john brennan will have to testify . If congress would do their job, instead of the other distractions they aappear to be spending their time on, i would expect john brennan to have to account for his role in this. I think clapper is another interesting character in all of this and ultimately the American People are going to hear the whole story. I dont think its going to be good for the Obama Administration in 2016. Maria so do you think were going to get another ig report soon . I mean, the fisa abuse was real. We know that. Weve seen what the exculpatory evidence that was not given to the fisa court. Do you think thats the next thing to blow . I do. I think john durham is also on a similar track. I think horowitz is going to come back with a very damning report on the fisa abuse and i think there will have to be structural changes the way the fisa process is done. Maria meanwhile, in the face of all of this, the House Democrats are still investigating the president. They are preparing to look into what the president s alleged involvement was in silencing two women who claim they had affairs with him before he was elected. Democrats have said theres enough evidence to name the president as a coconspirator in this case which led to the arrest of former Trump Organization attorney Michael Cohen. Your thoughts on this . We went from Stormy Daniels to russia collusion to obstruction of justice to recession. Now were back to Stormy Daniels with the House Democrats. The House Democrats especially in the Judiciary Committee are looking for any political issue that can stick and in this case the department of justice investigated the case. Didnt find the case to bring. Mueller was uninterested in even looking at that case. And fundamentally youre dealing with Michael Cohen as your number one star witness who is a convicted liar. And that is not something you would base a case on. Maria do you think that the people are going to see through this . I mean, i know a lot of this is politics. So im just wondering, as weve got real issues to deal with, like china, like this throwing a wrecking ball into the democracy of our country back in 2016 by trying to frame the president elect and yet theyre focused the House Democrats are focused on whatever they can do to take President Trump down. Will this play out in the 2020 election . I think the democrats in the house have a risk of reaching the political circus level as they head into an Election Year and like we mentioned, trying to find an issue where there are so many important issues, like china, like School Safety. All the things the American People keeping the economy really strong, thats one of the things the president is focused on every day, making sure the economy continues to chug along and americans have good paying jobs. Thats bread and you butter issues the house should be working on. Maria thats what you think the people will focus on in 2020. Absolutely. Maria i wonder if the voter will get impacted. We remember from the bill clinclinton era, its the econoy and its only the economy. We need to make sure the elected officials are doing everything they can to make sure American People have Economic Growth and stability. Maria coming up, airport scare, passengers inside a Newark Airport terminal have been told to evacuate. What caused the panic, coming up. And b then apple watch update, how a new feature will help track your sleep. Back in a minute. Can i get some help. Watch his head. Im so happy. Whatever they went through, they went through together. Welcome guys. Life well planned. See what a Raymond James Financial Advisor can do for you. [ soft piano music playing ] mm, uh, what do you do for fun . Not this. Oh, what am i into . Mostly progressives name your price tool. Helps people find Coverage Options based on their budget. Flo has it, i want it, its a whole thing, and shes right there. Yeah, shes my ride. This dates lame. He has pics of you on his phone. Theyre very tasteful. Its the idea that if our mothers were diagnosed with cancer, how would we want them to be treated . Thats exactly how we care for you. With answers and actions. To hear your concerns, quiet your fears, lift your spirits. Thats the mother standard of care. This is how we inspire hope. This is how we heal. Cancer Treatment Centers of america. Appointments available now. Maria welcome back. Chaos inside of a terminal at Newark Liberty International Airport. Lauren simonetti with headlines now. Lauren this is a sign of the times. Travelers were told to get out, they were sent scrambling for exits as Police Rushed the terminal. The situation prompted by an Alaskan Airlines employee after noticing two men she thought looked suspicious, apparently screamed evacuate. An hour later the airport announced there was no threat. The two men were released after being questioned by police. Everybody acted on the scare. Saudi arabia is removing the Energy Minister as chairman of the state owned oil giant aramco, as the government prepares for an ipo of the company. Officials believe separate the ministry of energy from aramco will avoid conflicts of interest and accelerate the ipo which could be the largest ever. If you dont think you get enough sleep, your apple watch could prove it. The watch may be getting an upgrade that could help track your sleep without you having to buy the newest model. The new features can reportedly check on the quality of your sleep using multiple sensors that are already part of the watch. Along with data like your heart rate, movement, and even noises in the room. This according to nine to five mac. The upgrade may be announced as early as next week. Apple shares down about 1 right here in the h premarket. Theyre going to announce the new iphones or maybe a new watch or watch feature. I dont want to know how little i sleep. Maria i like that feature. I didnt want them listening to me. I dont want a watch to tell me. Maria we could get confirmation. Are you shamed by your watch . I got two andahalf hours of sleep last night. Thats terrific. Dont you find it upsetting theyre listening to the noise in your bedroom. I dont like that at all. Theyre all listening to everything. Maria i dont like any of it. My television is listening to me. Maria its true. I already know that. Maria we will take a short break. When we come back, theres a search for su survivors underway from a dive boat fire off the coast of california. Weve got details. Oil in focus, we watch the price as Hurricane Dorian and International Trade tensions affect the markets. The price of oil down almost 2 . Back in a minute. Our 18yearold was in an accident. When i called usaa, it was that voice asking me, is your daughter ok . Thats where i felt relief. Were the rivera family and we plan to be with usaa for life. See how much you can save with usaa insurance. See how much you can save 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. Maria welcome back. Markets are lower this morning, oil included, down two and a quarter percent right now as Hurricane Dorian and International Trade tensions affect the market. Joining us right now is publisher steven short. With oil down better than 2 right now, what do you think is behind this decline . Absolutely, maria, i do think it is concerns with regard to demand and the rift between washington and beijing with regard to trade. Its labor day or its past labor day, therefore, we are going into the weakest demand part of the season. So over the next two months refineries along the gulf coast, in the midwest, up the east coast will begin maintenance season. Theyll be buying fewer barrels of crude oil as they shut in operations to prepare for the winter peak season. So were going right now into the weakest demand part of the season. So that clearly is an overhang on the market right now. When you talk about weak demand, give us a global perspective. Where is it coming from . Is it coming from outside of the United States . Inside places like china . Or is the weak demand showing up right here in the United States too . Well, weak demand i would say globally youre starting to see the weakest demand. Keep in mind, its all relative. Its still rather strong, just not as strong as a year ago. Here in the United States, demand happens to be very strong. We had record demand last summer. Not quite there this summer. But when you look at the spread action, geographical pricing action, what were starting to see now is first and foremost on the kne nymex, the futures, thee spreads, were seeing good bids in the spot market. Any time you see a bid in the spot market relative to the outer months, its a clear signal that demand is on par, if not surpassing supply. So again, take away there is demand very strong especially for this time of the year. Its just that in the months ahead, its not going to be as strong as it was over the summer. The big issue here now is the fact that over the past month weve had two major pipelines that are now accessing crude oil in the permian, in west texas, and getting the oil to the export markets near Corpus Christi and those spreads, that is to say the spread between oil price in houston and the spread in the oil price in west texas is such that west texas is gaining on houston. So the market is getting access to those barrels now. So were looking at a market that is working towards balance. Its wellsupplied but demand relatively speaking is impressive. Maria what do you make of the saudi aramco story, changing chairman ahead of the ipo, they believe it could expedite the process that the previous compareman was perceived of slowing things down. Saudi aramco taking out the chairman and replacing the chairman, does this mean you think theres an ipo on the horizon . Absolutely. I think saudi aramco, i was skeptical a year, year andahalf ago that it would ever occur, especially in this price environment. But aramco has to go full speed ahead and i think the switch to the new Energy Minister who interestingly enough doesnt have an oil background, he comes from the investment, the banking side, so i think its a clear signal that to the market that, yeah, the preparations for the ipo are continuing at pace. This new Energy Minister well, to you point, the old Energy Minister was skeptical especially with regard to the 2 trillion valuation that the crown prince wants. The new guy is a close ally to the crown prince. He has a more diversified background. Its a signal this is a go. Maria makes sense. Well see what exchange they choose. Good to see you, thanks so much. Still ahead, Hurricane Dorians destructive path, the storm stalling over the bahamas but it is expected to get its way toward florida. Back if a minute. Oh, wow. You two are going to have such a great trip. Yeah, have fun thanks to you, we will. Aw, stop. This is why voya helps reach todays goals. All while helping you to and through retirement. Um, you guys are just going for a week, right . Yeah thats right. Can you help with these . Oh. Um, were more of the plan, invest and protect kind of help. Sorry, little paws, so. But have fun send a postcard voya. Helping you to and through retirement. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Am Maria Bartiromo tuesday, september 3 welcome back from summer top stories right now 8 30h 8 00 a. M. On the east coast Hurricane Dorian destructive path the hurricane is stalling over the bahamas right now, children towards florida later today. Churning towards florida the latest on the path. U. S. China trade turmoil continues china suing over tariffs on goods that went into place this weekend. The tariffs include Clothing Electronics took effect september 1, what it could mean for future talks between the two countries, they were expected to take place this month no meetings sketdz as the result markets uncertainty, when both sides will meet facetoface, of that uncertainty hitting markets this morning, to look at futures a triple digit line to down 226 points on dow down 22 s p, nasdaq lower by 63. Last week the markets snapped a four week losing streak with dow s p and nasdaq, all off about 3 on the week, last week, Global Markets different european indices lower across the board, fractional moves nonetheless ft 100 down 18 cac quarante down 26 dax down 39 we have been purchasing Managers Index showing Manufacturing Activity con tracted purchasing Managers Index pmi to left the fastest move in seven years it fell at fastest pace in seven years rather we are expecting u. S. Pmi this morning, at 9 45 a. M. , in asia overnight stocks mixed as concerns over i haventss china trade situation continues,s the yuan weakening hitting 11year low against u. S. Dollar, then there is this the showdown a critical day in parliament in london some lawmakers trying to gain control of the agenda, Prime Minister Boris Johnson threatening a snap election dollar up begins the pound, protesters in hong kong continuing accelerated beijing is warning, that it could declare a state of emergency, if calm does not return to the streets of hong kong, this as a leaked recording of carrie lam was out she said she would quit if she could all stories coming up, this Tuesday Morning joining me to break it down pollster president of the maslansky partners author of persuasion lee carter here Mitch Roschelle with Jon Hilsenrath great to see everybody. Good morning you know what talking about with all the stuff switzerland, switzerland. Jon and i talk 5 15 20 this morning about hurricane, i said you know economic hurricane, maybe that will trend on social media, the fact that in switzerland the 50 year bond is below zero, and their bond maturing 2022 has lowest yield of any bond in the world. Unbelievable. You think swits safe place would you think the economy is insulated they have the most negative yields in the world. I am amazed at swiss bond yields what is trending in your brain at 5 00 in the morning. Day will. I walked into greenroom lets talk about swiss bonds. You are as sleep did he deprived as i am. Interest rate a sign of optimism if you have a positive Interest Rate you think a dollar today is going to be worth even more a few years, down the road because, there is money to about made putting it to work, when you have negative Interest Rates just tells you there is something fundamentally pessimistic be longer run Growth Outlook i think a lot has to do with aging populations demographics. We are going to learn a lot big week data jobs number out friday, what is your take, because the estimate 1 of 0,000 jobs 160,000 jobs a j. P. Morgan notes out says best possible scenario could be major miss jobs 110 to 130,000 would fore shadow a rate cut 50 base points come september 18 when fed meets. Disconnect between main street and wall street, investors might want to miss lower Interest Rates but what americans want are jobs, so a miss on jobs front i dont think good sign for the economy. More on stories coming up top story is Hurricane Dorian a occasion three storm, packing winds more than 120 Miles Per Hour now sitting off the coast of florida, fox news ellison bar br live in West Palm Beach, florida with the very latest good morning to you. Reporter hi, maria National Weather service issued a hurricane watch advisory coastal palm beach Palm Beach County metro palm beach counter5 00 this morning, they have also issued a Tropical Storm warning for metro inland he coastal Palm Beach County so facilitate we really havent seen is a whole other lot of bad weathered coming through this ear the winds nonexistent the rain relativity mild short bursts people in florida are ready for that storm experts say they spb it northward out of bahamas up towards this way they have spent days, boarding up homes getting supplies preparing for this hurricane, but some days, there was a bigger rush to the store to get supplies, other days as hurricane paths changed osh slowed that urgency seemed to subside, about officials have seen that, and West Palm Beach they say they are somewhat concerned that perhaps, people are letting their guard down listen here. I just fear that people will get complacent, and that they will let guard down we cant let that happen. Reporter the florida about National Guard started to move into palm beach palm beach area a couple days ago overnight on sunday, they have about 200 members of the guard at armory not far from the palm beach palm Beach Airport they are stationed there with a number of high water vehicles presented if need to help with searchandrescue they are hoping people in evacuation areas they have already evacuated so that they are not in a position where they may need to go out try and find people. But right now most people in this area are hunkered down we have seen relative little rain i really action so far this morning. We will check back as news develops ellison barber west palm, trade impacts markets u. S. China reportedly struggling to arrange a trade meeting for september. This as fresh round of tariffs on china kicked in over the weekend targeting clothing times strongest all of that went into effect september 1, china then, of course, responded by imposing retaliatory tariff on u. S. Imports soybeans crude oil Pharmaceuticals Filed a complaint with World Trade Organization joining us right now michigan congresswoman House Energy Commerce member Debbie Dingell a pleasure to see you thanks for joining us. Good morning, maria. Always good to be with request you reaction to latest retaliation from china obviously, impacting major averages i know you have side in the past that you support what the president is doing but with where is the end game here . Well, i dont know i dont know where endgame is part of the problem as you know the president tweeted after, i talked about it, on saturday but i made it very clear, on saturday, that weve got to do something about china. China does minute our currency subsidize goods bringing into our country stealing intellectual property, but chaotic leaves everybody guessing so i wish that we he would communicate even with hill more what he is doing but i will tell you he has been willing to deal with unfair trade practices in a way that i havent seen anybody really to do in a couple of decades. Maria yeah. Weve got to do it in a way we understand, it doesnt impact the markets weve got to explain it to consumers that they may have short term gain on Lower Consumer costs but when they get a monopoly on the market going to raise the cost. Maria yeah do a better job explaining it. Maria Mitch Roschelle is here this president p completely changed conference people have a clear understanding of chinese behavior. Just lip service used to be now it is actually action, and were sitting down having a conversation and calling them out for some of the behavior. But it is it is a long process. Uncertainty. Absolutely, congresswoman question for you bay you are in ann arbor i got to say go blue to you. I we had senator blackburn on talked about usmca the fact stalled in your chamber with any deal with china question could it get passed legislatively what is a statues of usmca . We are returning next week, and i think we will have tough conversation, i know that there has been team of eight negotiating i am somebody that believes we have to pass i call it nafta 2. 0 weve got to do it so that my o workers in michigan are not competing with 1. 50 major in mexico we have been working it need an updated President Trump on his way to mexico to talk to the workers there, i believe we have to get a bill but we got to get one that is fair, to working men and women, for me to vote for it in my state in michigan. Maria congresswoman you talk about workers in your area in michigan. How what do you hear from constituents about how the Manufacturing Sector is holding up right now with all the uncertainty over china tariffs and usmca and other trade problems . You know they are trying to understand it, that is part of the problemp you know. I dont think the president does a o gaved job of talking about does a good job talking about china at times to workerthe way, when you it goes against General Motors tweets against General Motors, General Motors isnt expoimportg from china to here lower cost goods are imported to here last week, laid off 200 more jobs at steel plant reeling from clur of four General Motors plants, workers want to know what is being done to stabilize jobs here to bring jobs back from mexico to here. And were talking about that, and talking about how we need trade policy this is an area that nasteda nafta 1. 0 cost show, shuttered plants standing empty. The house continuing to rampup pressure for impeachment some democrats crucial districts pennsylvania conor lamb new jersey, reportedly pressed to act to bring impeachment to the table so far, neither has giving nancy pelosi leverage as she argues against impeachment where ask you to sant i think nobody is bother the law you got to follow the facts i was a in ann arbor i too have been target of some of those ideas but i am very clear we are not going to win an election, just being anti anybody weve got to be and talk about the issues weve got to talk about Health Care Talk about trade, weve got to talk about the environment. We that is going to win this election. So the Judiciary Committee needs to do their job, follow the facts, no one is above the law people like me, other committees need to be worried about Health Care Preparation drug prices what were going to do about things like poisoning of our water. You have to vote at some point if nancy pelosi does not bring usmca to floor who gets blamed. I am getting book there i am going to people know how i feel we need a new nafta 2. 0, but we got to get it to the point talk to ambassador lighthizer regularly, i am not part of that negotiating committee of eight i know they have blen to mexico they have been doing things, i i think the President Trump to mexico will be very important bring labor onboard lets see. Good to see you quick. Yeah, a lot of people are republicans are going to say that democrats dont want to give the president a victory on nafta 2. 0 what do you say to that. Maria thats right. What i have been saying to people weve got teer careful that people dont say that. That is why i think this president trip is very trumka trip is very important to members if labor can support compromise bill they will bring a number of people along. You keep saying president trumka weird. I know. United states trumka the leader you got the it. Thank you talking about you are right i dont want to confuse anybody. Congresswoman good to see you the this you so much joining us there coming up all eyes on Britain Parliament this morning Prime Minister boris gentleman unson is threatening a snap election as European Commission says no deal brexit could be likely the unrest in hong kong accelerates beijing weighing a state of emergency now amid protests as they leaked recording of the regions leader reportedly reveals she is eyeing an exit. Back in a minute. This is the family who wanted to connect. And find inspiration in new places. Leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. Liberty mutual customizes your car insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. 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. And when it is, a few hours of shuteye to rest up for tomorrow, the day well finally get something done. should always be working harder. Thats why, your cash automatically goes into a Money Market Fund when you open a new account. And fidelitys rate is higher than etrades, td ameritrades, even 10 times more than schwabs. Plus only fidelity has zero account fees and zero minimums for retail brokerage and retirement accounts. Just another reminder of the value youll only find at fidelity. Open an account today. Maria the search for answers goes on this morning after a deadly dive boat fire off coast of Southern California Lauren Simonetti with headlines. Hi search efforts to resume this morning after Labor Day Weekend suba diving trip ended in tragic catching fire early yesterday morning here in santa cruz island. Get back here i cant breathe. A distressed call saying 75 foot conception completely unengulfed with flames 25 people confirmed dead nine missing, ficrew members jumped to safety the conception was 20 yards offshore. Extraordinary commission that the chief of staff of hong kong she would resign if she could the audio recording released by reuters following report lam held a News Conference saying she never asked beijing to let her resign to end the political crises protests violent 159 arrests 241 bear days can any of theers driechg protests media from Hong Kong Government headquarters, a yearlong tax dispute between irs intel could bring a price tag to major u. S. Tech Companies Since recent ruling in june more than two disease companies disclosed potential cutback facebook reported 1. 1billiondollar tax expense because of it, reversed a benefit of more than four hundred million dollars, previously taken intel asked the full 90th circuit cou nint court of appeals to hear the case. Looking to mobile betting for revenue as growing number legalize sports gambling the wall street journal reporting new jersey tied with nevada for the biggest market for Sports Betting in the country you discussed that with lou the founder of sports grid a Sports Betting network. Weve got more revenue in gaming here than in nevada . What you are seeing the last few months is a handle the handle is the amount of debt bents that are placed in a particular area so new jersey, last few months basically taken out nevada, from a handle, we have an edge, remember you have to get there, here, you are just crossing the bridge you are new jersey, you are able to come here have a great time great content get edge do you watch games have a drink place a bet what else could we better. Youve got a point new jersey legalized sports betsing last year Online Mobile gambling pennsylvania West Virginia iowa nevada we are laughing a good point. Incredible i was there with him i couldnt believe that new jersey is rivaling nevada when it comes to Sports Betting good such thank you so much. All eyes on britain pors parliament Prime Minister Boris Johnson threatens a snap election as European Commission says Nodeal Brexit could be little Hurricane Dorians destructive path at standstill this morning unebb leashed devastating winds on bahamas we are following its move toward United States all morning long stay with us, back in a minute. Kevin, meet your father. Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin Kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. Maria welcome back futures he lower this morning we are xhpg a triple digit o selloff out of the gate this morning the latest u. S. Tariff on chinese goods going into effect this past sunday. September 1, now there is new uncertainty over the timing of the next round of negotiations. Between washington and beijing currently two sides struggling to come up with a date in september. Joining us right now Northern Trust wealth chief Investment Officer katie nixon great to have you this morning on do a markets lower how do you see this conflict. It is more of the same. This uncertainty ads to growing list of regions that investors have had their emotions running hot this sper we dont couple this tariff issue to about relievsolved i think this uncertainty is new normal. What do you do as investor we know weve got a pretty good economy jewel of the world jobs number friday do you ant to be allin on stocks going into this week of economic data. Interesting our stance right now from tax perspective is to be risk on, but to be, in our riv on bucket a little bit less risky by that i mean we are taking sorts of lower bets with risk assets buying high yield bonds. Lower beta . Things that have exposure to equity markets, job completely exposed good example would be global reor from your where there is Interest Rate component where we think rates are going to stay low and probably go even lower so there is support there from an Interest Rate perspective. Maria yielding assets. Yeah i dont know if i want re in europe having a hardest time generating growth how do you do that you have got Interest Rate story i get that, but maria, the fears that you are expressing about europe are baked into prices assets right now they they are pride of very attractively. You are buying european equities severe newt, underweight merging Market Equities positive u. S. Equities so the conditions you articulated earlier we like u. S. Assets we recognize there is some significant headwinds the risk cases have increased, you mentioned the tariffs, that one of the issues the strengthen strength of the dollar headwind to u. S. Multinational earnings than valuation that are historically pretty high that is a bit of a headwind to progress that we may see Going Forward we still think u. S. Probably best bet right now. One of the things you mentioned high valuations i dont think were talking about it debt markets, insanely high we focus on yields forget about inverse price price all times high 30year treasury highest price it has ever been when you are trying to balance a portfolio for a client how do you deal with the fact that the component the debt component is just priced really, really high right now . You know we kind of look fixed income high quality fixed income as insurance policy a value at low rates is the diversification benefit last thing you want to do be forced to sell risk assets to we the mon financial need or goal even though yield is expensive right now even though the treasury marketed seems to be even though it is much higher than global yields, on relative basis still looks pretty good even though low yields are low have a place in your portfolio. How about the profit landscape what are profits looking like for American Companies especially going into 2020 . You know we have seen them slow down is that slowdown going to persist worsen or do you see bonusback. Maria i thought there was supposed to be a bounceback in fourth kwa either are. There is also a expectation bounceback in Fourth Quarter. The headlines. Yeah, we expect a leg up, and next year should be better om because counts best this year tough very tough great strength 2018 very tough year this year next year relatively better year. What does that i mean are we talking sigh single digit doubledigit. On profits. On profits below where consensus is now consensus al starts out way too high. Who you do Companies Respond to not so great profit growth, so i mean seems to me that is very investment is slowing down potentially why hiring is going to slow down. Feedback loop a tough growing uncertainty macroenvironment global macroenvironment s p 500 for example is not economy right it is much mores exposed to some global issues than u. S. Economy is. Right. For companies inss s p 500 growing uncertainty around macroissues the strength of the dollar so there are headwinds what o do they do probably what they did buy back stocks to support Earnings Growth. How much of an issue is brexit for markets . Because uk prime Boris Johnson spoke out over leave european u october 31. Umhmm. Maria now prohibiting at possible election before deadline to avoid another delay British Pound Sterling fell below 1. 20 for the very First Time Since 2016 does this represent to you eat potential big upset for u. S. Markets . I dont think so i think short term clearing Nodeal Brexit which is the worstcase scenario would have a negative impact on global risk. That is britain leaving european european without a deal in place the cliff. And i do think that would be a riv off he globally but short term because i think the impact of that may not be as broad as the Market Reaction would suggest. All right. There is a lot of democrats out there saying a recession is coming economy not as good as it seems, that trump is running economy in danger of because next year not going to be what it is what do you say to that. Our ways case that we will avoid a recession but very low groefkt the risk case increased not just tariffs talked about but it is a fed, right so we have inverted yield curve right now a bond market to your point about low yields screaming to the feds take action, sooner, and more. So if the fed is reluctant drags their feet, and doesnt accommodate the market what we see economy slowing down that poisons a risk for the economy financial conditions from he Monetary Policy perspective are inconsistent with economy. Fed meets september 8 will they cut rates half a point 50 basis points in your view. They should but i dont think they will. You dont think they will. No 25 i think that 50 basis points will be on the table what people dont recognize right now the fed chairman has divisions win his own committee, about how faring to. I think the president of the United States wants trump to take command of that of the fed, and wants jay powell to take command but powell is fighting different factions within this is group. We hered factions last week think a rate cut is we may get so he will glimmer of something. We will hear something but if you think about it 50 base points would basically uninvert 3 month 10 year yield curve there needs something more than 25, but as to your point i am not sure the appetite there is if president is right the fed buying the curve has been all the year. Last year raising rates six months later cutting rates so there you go. Katie nixon joining us warrens wealth taxing the democratic hopeful doubles down on plan to tax the rich wait till you here this one. Hurricane dorian destructive path threatening 2 United States to hit east with devastating winds and rain we are following every move. Back in a minute. Ging whats 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. We use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. And you can offer them the perfect products. That ceo gets it. From adding unique capabilities to your companys apps to bringing you loyalty programs, our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Dorian at least knife people confirmed dead as a result of this hurricane, it has been downgraded it is now the category three storm sitting off the coast of florida. Right now. Fox news is live in vero beach with the very latest ways have happening now . Reporter good morning good morning, maria. The winds have definitely picked up since we saw you two hours ag weve had significant bands of rain the worst that wooiven since out the here a few days i want to show what is going on watered is looking raging right now, you can see that was mostly covered in sand yesterday we are seeing beach erosion high winds in distance you can see the American Flag out there, that is actually on top of a ship we are told so many people in this exhibit hoping that may bes it through this storm police have been busy going doortodoor few days making sure those in evacuation zones know to get out listen. All right do you plan on leaving usuyou are saying okay ub do understand the flood he levels everythings else through here is extremely dangerous right we are under mandatory evacuation, okay . Reporter all right, you know a lot of people are choosing to say but police have been very busy a lot of areas, have flooded significantly in previous hurricanes especially 2004 that neighborhood where we were with police was completely underwater take a listen to what one officer has to say. At harbour usually flood zone every storm will flood a little but as far as the hurricane obviously, catastrophic. We are standing right now there is a high likelihood this will be this water. Yes. Yes, definitely a high likelihood that will be underwater. Reporter you talked to sheriffsos last half an hour said you have a few hours if you are in this area to change your mind get out get out now, the bridges have been closed once out you cannot come back in maria. Maria thanks very much, joining us in vero beach this morning, we turn to trade, that is moving markets this morning, china vice premier telling state media he is firmly against a trade war adding not good for china the u. S. Or the world this as u. S. Small businesses are feeling impact of the trade impasse xhu get of tariffed has gone into effect september 1 china fired back with a reallytory tariffs as you know filed complaint with World Trade Organization joining us ceo of the inside voice former president ial candidate herman cain great to have you this morning thanks so much for joining us. Thank you. Maria first your reaction to what is taking place are you expecting a deal with china at any point . I expect a deal with china but not on a timetable secondly, not every business is a multibilliondollar business in the United States that is going to be impacted by the tariffs you have a lot ofmilliondollar businesses that are suppliers to the big businesses and some of them deal directly with china so will that be an impact . That is going to flood fruit the system as complex as it is . Yes, but i do believe that eventually we will get a deal. Now, let me make one other point, the reason that china is going to file a suit with the World Trade Organization is to determine who allies are. Because i have to believe of 164 word trade organizations members there are only about 200 developed countries in the world they want the find out who their friends are maybe they have been helping some of those countries at our expense. They want to find out test water i see that as a testing ground. Herman hitch roschelle one of the things on that point china has been doing for bn Belt One Initiative making investments . Smaller countries around the world bigger currency do you think they have been buying some allies so when a time like this comes they actually have them on their side . I absolutely do believe that. Some of these countries they have been buying or subsidizing well i think the chinese is going to dare them to vote against them i happen to agree with you one hundred percent. Democratic hopeful Elizabeth Warren talking about proposed tax plan on wealth she is insisting her idea not because of any attitude watch this. All i am saying is for the gazillion airz how about their property tax we include most of their wealth, which is their stock portfolio, the diamonds rembrandts yachts okay . I am just saying lets include those so okay. So, by the way, i want to say to everybody i dont he proposal a tax because i am cranky. The diamonds the yachts . Include it all, okay. Start now herman what do you think . Crazy classic it is classic class warfare, i dont have a yacht i dont want one but i am not jealous of somebody that has a yacht i dont have six cars i dont want six cars but not jealous of any one who doesnt have six cars Elizabeth Warren is the classic class warfare crowd few that show up for rallies plays its tax the wealthy, most people that acquired large amounts of money and they have a fortune what risk did government take nonwhat risk did Elizabeth Warren take. She took risks when she built her own multimill multimill i dont know day willar fortune. This is confiscation. It is we need a step back to understand that 70 of americans right now think the wealthy should be taxed more she is playinging into a base Elizabeth Warren is actually running a very smart campaign. You might dislike her you have to understand the reality that we are up against if we are going to chaernths and minds better understand that come up with policies to overcome that i dont know i know there is a lot of people disagree with Elizabeth Warren on this but it is very, very very popular with her base. Are you surprised how well she is doing. You know, she is totally different candidate this time than last time i am very surprised how well she is running a very, very, very Good Campaign in primary, if i were her would i be very concerned if she won because i dont know how she can after she put down half americans, by talking about how you know. She put down gazillion gazillionaires. How many are there enough to skon is if kate to make a difference in terms of redistributing that wealth . No. It if you took all of the money you wouldnt have enough to pay for lunatic plans she and other wannabees are putting out there about that 70 number i happen to believe 70 the rich should pay more because most of the media not all, they never push back when she says she wants to go after rich they dont know what the rich are already paying. In terms of taxes, if they knew if media would do their job, not all, some, do their job push back say but the people making over a certain amount of money millionaires paying over 80 all taxes that is not insufficient . You never hear that number. You hear it on this program, you know that, snoobd yoe do you. Maria she made a comment a lot, by the way, amazing you look at large cities in this country where the policies are, Elizabeth Warren policies, those cities are crumbling herman that is another day we appreciate you joining us this morning thank you. Happy to about here herman cain joining us unrests in Hong Kong Beijing weighing a state of emergency this morning as leaked recording reveals the regional leader may be eyeing an exited stuart stuarted weighing in on that a new report says jets could be grounded into december extending cancellations what it means forhold travel season first update from tins channel. Welcome back to Tennis Channel Court report for fox is before naomi osaka out of u. S. Open by switzerland on labor day. It was the third inviting over japanese supers star did it in style firing 29 winners on the way to convert finals, djokovic response in final four, repeat means aussie will replace osaka at top of the rankings, nadal in quarterfinals u. S. Open ninth time in his career taking out opponent up next diego schwarzman. Start with tennis channel live u. S. Open daily at 8 00 a. M. Eastern for Court Reporter i am Jonathan Jonathan novack. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. Managingaudreys on it. S . Eating right and staying active . On it audrey thinks shes doing all she can to manage her type 2 diabetes and heart disease, but is her treatment doing enough to lower her heart risk . Maybe not. Jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. So it could help save your life from a heart attack or stroke. And it lowers a1c. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. A rare, but lifethreatening bacterial infection. In the skin of the perineum could occur. Stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection,. Ketoacidosis, or an allergic reaction. Do not take jardiance if you are on dialysis or have severe kidney problems. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Lower a1c and lower risk of a fatal heart attack . On it with jardiance. Ask your doctor about jardiance. This is jamie. Youre going to be seeing a lot more of him now. Im not calling him dad. Oh, nno. Look, [sighs] i get it. Some new guy comes in helping your mom bundle and save with progressive, but hey, were all in this together. Right, champ . Im getting more nuggets. How about some carrots . You dont want to ruin your dinner. Youre not my dad thats fair. Overstepped. Unrest continues this morning, thousands of students skipped the first day of school as police again clash with protesters, this as city leader reportedly now says she would quit if she could. Joining us now Stuart Varney to weigh in hiengs accelerating there. Really are, i i caught the state media saying the end is near. That is a newspaper end is near that is ominous ive got a personal interest in this lived there a couple years in hong kong got start in the media as a reporter for radio hong kong. I have an adopted daughter from hong kong a very close connection to the place. I worry about those brave youngsters maybe near rioting demanding their freedom and going right up against a communist dictatorship my heart goes out to them so i have got a personal interest but as professional interest as well i dont see if a crackdown coming in hong kong this is ominous the end is year, i dont see how that can possibly help trade talks i dont see how it con possiblybly help our stock im very worried along with you, maria i just dont like the way things are going i dont see any way out. You are right dont forget a deadline all of this 50 years goes back the china out and out so that would be 2047, we will see you 10 minutes i know you have a lot more on that Varney Company top of the hour, 9 00 a. M. Eastern right after mornings with maria first, more trouble for boeing new reports say 737 maximum could be grounded into december. What it could mean for the Holiday Travel season boeing down better than 2 right now back in a minute. From the 5am wakers, to the 6am sleepers. Everyone uses their phone differently and in different places. Thats why Xfinity Mobile created a Wireless Network that auto connects you to millions of secure wifi hot spots. And the best lte everywhere else. Xfinity mobile is a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Click, call or visit a store today. Maria welcome back we are expecting a trid decline start of trading futures down 188 points on news that china is suing over tariffs that went into effect september 1, gesture willis floor of the New York Stock Exchange servers reacting to retrogressives this morning, gerri. That is right, hey. Good morning maria yeah tariffs are a big topic this morning, you know traders coming back from threeday weekend guess what we have no if date for the negotiations, to resume china saying they filed some kind of complaint with wto about the tariffs that we have put in place on their goods. Some folks here saying that could put another delay on getting back to the table having a conversation, so concerns there. 196 on dow, 00 points as you can see not good news a broad market selloff we are seeing usual suspects a lot of companies that do business in China International companies boeing, caterpillar down but as also the same stocks down as well speaking of boeing taking a look at that stock right now there is a new delay in bringing back the grounded 737 max jet into service why . International regulatory complaining they have not gotten information they wants interest boeing to find out if Flight Control computers are ready for action. And, finally, gambling stocks wynn resorts Las Vegas Sands lower, now unchanged mgm unchange, as gambling revenues macau in august fell 8. 6 the fist month of declines in 8 months so lots of weakness there, might want to know reuters reporting the biggest junket operator sun city tweeting targeted buy by a apologetic saying they have done great harm to china social economic order lots going on bringing revenues down as well. Maria thank you a short break then final thoughts from allstar panel. Back in a minute. Most people think a button is just a button. That a speaker is just a speaker. Or that the journey cant be the destination. Most people havent driven a lincoln. Its the final days of the lincoln summer invitation even. Right now, get 0 apr on all lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. Maria welcome back. Final thoughts from this allstar panel. One of the big news items of the morning, beijing is asserting power to potentially declare a state of emergency in hong kong. Well see how that plays out. Final thoughts . Im looking at manufacturing numbers coming out at 10 00 in the u. S. We have had a lot of soft manufacturing numbers in the last few days from other countries. Want to see if thats feeding into the u. S. Maria thats the ism coming out at 9 45. Mitch . One of the things that we lose sight of, there are businesses that cannot pass the tariffs along. If you are manufacturing a consumer product, you may or may not be able to pass that along because who you are selling it to, if you sell to a large retailer, theyre not going to pay more for it. There are Small Businesses getting squeezed which was apparent in the survey done on Small Business. Maria that means we have the jobs numbers out on friday. My new book out today. Persuasion. Its based on a lot of lessons we learned following the president and his rise to power. Maria based on what has taken place in the last couple years because of the twitter universe and social media. A completely divided country. We dont engage with people who disagree with us. This is a way to help change hearts and minds. Maria get the book. Great to see everybody. Thanks for joining me this morning. Varney Company Begins right now. Stu, take it away. Stuart good morning, maria. Good morning, everyone. Septembers a tough month for investors and we are starting out this september with a selloff. Look at this. The dow industrials are going to be down about 200 at the opening bell, about. 75 . A smaller loss, but a loss nonetheless for the s p and for the nasdaq. So whats going on . One word, tariffs. Sunday, september 1st, as scheduled, the administration went ahead with more tariffs on more chinese products coming here. The worry is the same as always. Consumers here pay more and economies around the world slow down. Its the headline driven market and whe