Sweet caroline. Good times never seemed to so good. Ive been inclined. To believe they never would. But now i cheryl welcome to fbn a. M. Good morning, everybody. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl once again, we do have red arrows. Investors really focused on china and the trade talks. Its been months of negotiations. Dow is down 21, s p down 2 and three quarters, nasdaq down 4. Lauren markets are china are back open after a week long celebrating communist rule. The nikkei is up 1 . Cheryl in europe this is another trade sensitive story, there is brandnew news on brexit were going of to get to in this hour. The ftse barely higher, the cac and dax are lower. Well, trade, once again front and center this morning. High level talks are set to kick off later this week as deputies are trying to work on a deal between china and the united states. But there is a major Sticking Point that could hold up this entire negotiation process. Lauren for more on this, lets go to edward lawrence, he has details from washington. Reporter good morning. Trade talks with the Chinese Deputy level delegation begins later on this morning at this building behind me. The trade team arrived yesterday in two busloads. They went into the building to talk with the u. S. Side. The Chinese Commerce industry says they stand ready to strike a deal on things both sides agree upon. One of the wants by the u. S. Is not on the table and that is changes to chinese law. The Commerce Ministry telling us that china will not change their laws to protect intellectual property but saying they will do that through administrative regulations to hand he del any sort of intellectual property protection. The president said last week he prefers a complete deal. Righyesterday, they indicate thy could accept a partial deal. It depends. Listen. Lets see what they bring. I will add to this, we are open to a number of ideas, some may be shortterm, some may be longterm. Its a essential that the structural issues we talked about for two years, since ive been around, the ip theft, the forced transfers of technology, the cyberspace hacking, the espionage, the trade tariffs and the nontariff barriers, that stuffs got to get solved. They want to keep their people working. I understand that very well. But i think that we just have to see what happens. I would much prefer a big deal and i think thats what were shooting for. Can something happen . I guess, who knows. Reporter this marks the second deputy level talks since the last time the two heads of the trade teams met. The last time the deputies met was four weeks ago, september 19th. Thursday well see exactly if there is progress towards a trade deal or not. On thursday is when the primary level meetings will happen with the u. S. Trade team and the chinese trade delegation. It could come at a price if they do take a partial deal on this, depends on if china would want to have tariffs rolled back, possibly removed from the currency manipulator list. Well have to see what happens. Thursday is the big day to find out. Back to you. Cheryl new overnight, China State Television is suspending the broadcast arrangements for the nba preseason games, all of this while nba commissioner adam silver is playing defense over the how ton rockets general managers tweet that backed the protests in hong kong which started the controversy. Silver said his organization supports freedom of expression. Well, the nba is resisting beijings pressure to punish rockets general manager. The league was criticized over an earlier statement that said it regretted maurys remarks. Well be listening for a press conference for th from the nba commissioner. Lauren the creators in south park have issued a tongue in cheek apology to china after the show was banned. Look, for this movie to really make money we need to make sure it clears the chinese censors, we want those viewers. S theres things to talk about, what kind of things were you into when you were younger. I like wi winnie the pooh. Thats illegal, because some Chinese Student said he looked like the chinese president. Thats ridiculous. Lauren the official south park twitter says we welcome the chinese censors into our homes and hearts. We like freedom more than democracy. Xi doesnt look like winnie the pooh at all. Long live the Great Communist Party of china. May your sorgum harvest be plentiful. We good now, china . Cheryl lets now move to whats going on with japan and the united states. Theres progress on the trade front with the two countries. The u. S. Signed limited agreements with japan on farm goods and digital trade. This will restore benefits that farmers lost when the u. S. Withdrew from the transes Pacific Partnership three days after president trumps election. It also lowers trade barriers to Digital Media and software. These two deals represent a tremendous victory for both of our nationses. Nations. They will create countless jobs, reduce the trade deficit substantially, promote fairness and reciprocity and unlock last opportunities for growth. Cheryl the new agreements do not settle differences between the u. S. And japan on autos, which could face import taxes from the trump administration. Lauren president trumps decision to withdraw from syria met with swift backlash as leaders on both sides of the aisle accuse him of abandoning the syrian kurds. The president said hes following through on a campaign promise. Cheryl we have todd piro joining us with reaction. Reporter good morning. The president pushing back against criticism of the move ahead of a planned invasion by turkey as both democrats and some republicans express concern that the withdrawal could lead to the genocide of our kurdish allies and a rise of isis in the region. Syria was supposed to be a shortterm hit, just a very shower and thunderstorvery sh. That was many years ago. We want to bring our troops back home and i got elected on that. Reporter some republicans including senators rand paul and mike lee support the decision, others, like representative adam kikinsinger spoke out against i. We have certainly not won the war against isis. Weve made gains. This is an endless war that the terrorists decided to do against us. Reporter normally divided congressional leadership came together to denounce the president s decision, albeit in drastically different ways p. Mitch mcconnell said the move would only benefit russia, iran and the assad regime and urged the president to keep the coalition together to defeat isis. Nancy pelosi accused the president of attempting to appease an authoritarian strongman. A Senior Administration official tells fox news the decision was discussed with top brass at the state department and the pentagon. Back to you. Cheryl todd, thank you. Well, more trouble for dow component boeing over the grounded 737 max. Southwest Airlines Pilots union is suing southwest for lost compensation, claiming its nearly 10,000 pilots are losing millions of dollars a month. The union says theyre suing boeing, that boeing moved to quickly to market the 737 max before making sure its safe to fly. The plane has been grounded since march following two deadly crashes. This adds to boeings legal problems. Lauren a deal to create one of the worlds biggest Financial Exchanges is officially dead. Cheryl big breaking news on this one. A lot of doubts on this deal initially. Tracee the Hong Kong Stock Exchange pulled 36 billion for the london stock exchange. Officials at the Hong Kong Exchange saying theyre london counterparts wouldnt even consider the offer. The acquisition would have created a 70 billion company but the London Exchange citing concerns about the Hong Kong Exchanges tie toss the chinese government. The rejection frees up the London Exchange to buy refinitiv. Samsung Electronics Said profits in the last quarter will fall by more than half from a year earlier, putting the blame on weak demand for computer chips. The quarter could have been worse but strong sales of the galaxy 10 helped the company beat analyst estimates. Wendys plan to serve breakfast next year is going to cost a lot of money. An analyst estimates the chain will have to spend 250 million to launch the National Breakfast program. Thats significantly more than the 20 million wendys said it planned to invest when it announced the plan last month. And all rise, here comes judge barbie. Mattel introducing the latest career move for the iconic doll. This barbie is Available Online for 13 many she comes with a black robe, a gavel and lacey collar, likely inspired by justice rout ruth bader ginsbur. Cheryl thank you very much. Lauren we had selling yesterday and dow under a little bit of pressure this morning. Down about 18 points. The s p and nasdaq each down 2 in the premarket. Still ahead, rough road for facebook, the company settling one lawsuit, now accused of putting peoples data in danger. And a major problem thats led to many millennials leaving their jobs and its not about their paycheck. And as we head to break, lets take a look at todays National Average for gasoline, if youre filling up today, the National Average is 2. 65 a gallon. Keep it here on fox business, were invested in you. Thunder only happens when its raining. Players only love you when theyre playing. In brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero 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. 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. Thand find inspiration who win new places. Ct. Ptech students around the world. Leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. Lauren new yorks attorney general meeting with officials at the department of justice and federal trade commission to talk about the antitrust probe involving facebook. Ag Latisha James is leading the campaign and is soliciting support from other states. She says roughly 40 state attorneys general plan to take part. Cheryl you know those videos on facebook that pop up on your feed. Sometimes you watch them, sometimes you dont. Facebook reached a settlement over how it measures video views and how the data goes to advertisers. Advertisers sued the company, they said facebook incorrectly calculated how long people were watching videos on the platform, in particular those advertisements. The company has paid 40 million to settle this latest lawsuit against it. Lauren deputy level trade talks between the u. S. And china resume today, setting the stage for the high level talks that liu he will lead on thursday and friday. Expectations for a major breakthrough are low as china refuses to budge on major Sticking Points, including intellectual property theft. Mitch rochell joins me now. Good morning. Good morning. Lauren its interesting, because the administration is saying why should we accept a narrow deal. Were not going to do that. And theyre adding fuel to the fire by blacklisting chinese firms for Human Rights Violations and then you see whats going on with the nba, the lawmakers responding to the chinese criticism. And that whole angle. So i feel like this china story has really grown and how do we get out of it. Not to mention cartman from south park weighing in on china as well. Lauren yeah. Heres whats going to likely happen. I think doing something overly ambitious is not likely going to happen before the election. So i think this signals where theyre trying to tier everything. Tier 1 would be agriculture and oil, on the expectation that oil was up yesterday. Number two is the sticky thing which is ip theft and forced transfer of intellectual property. The last thing is tariff. The thing theyre trying to signal is well relieve the tariffs when we have other things going. There are cross current that could interfere with it all but if they stick with something thats doable like agriculture and oil, maybe we can make progress down the rise. Lauren we hope. Tariffs are expected to rise, some of them next week to 30 . We have Companies Reporting their earnings for the last quarter, we get levi strauss and dominoes today, the banks next week. Were expecting earnings to decline, allin. Earnings big picture may be an underpromise, overthriver se r natur overdeliver scen. The banks are the ones to look at. Youve got the consumer and business side of the bank. On the consumer side, if like in the last several quarters the consumer side of the bank tends to be strong, thats an indication that the economys going to be strong because people are bore he rowing. The business side, were going to see if two rate cuts meant anything. Lauren and the chance of a rate cut in october is now 72 . Exactly. When you say a rate cut, is it 25 basis points. Lauren that was at 25 basis points. It will be interesting to see if businesses are starting to r borrow more now that rates are lower. That was the goal to get businesses to start borrowing more. Consumers are fine. Were trying to motivate the businesses. Lauren how long do you think the consumer is going to be fine. The National Retail federation very optimistic for retail shopping. We continue to see warnings a that maybe the consumer is pulling back. Theyre saving more. When youre saving it, putting it in the bank or under your mattress, youre not putting it into the economy. I think what happens is the more we use the r word in the media, the consumer starts seeing that and saying wait a second, oh, my god, a he recessions coming, were going to start tightening up. The Christmas Season will be very important. We are op optimistic that theyl spend more this year than last year across most demographics. If it doesnt happen, that could be a bad sign. Right now, theres enough positive momentum, net tail winds that this Holiday Season will be strong. Why are we talking about the holidays in october. I havent even bought my candy corn yet. Lauren my mother was texting me yesterday, asking what he she should get everybody for christmas. I said mom, im not ready for this. Cheryl i already know what i want for christmas. Now i have to figure out everybody elses gift. Lets take a look at futures this morning. What id like to see is green arrows. We have a slight selloff going on in the markets, dow down 28, s p down 3 andahalf, nasdaq down 4 andahalf. Its china and trade and kind of where were at right now. Also still ahead, were going to take a look at the brandnew corvette stingray but could union troubles, you know that walkout, keep that car out of your driveway . And as the vaping crisis gets worse across the country, two more retail chains say theyre quitting. Cigarettes. Keep it quitting ecigarettes. Keep it here, fbn a. M. You better get, get, get, get away. From everything you every knew. Im off to college. Im worried about my parents retirement. Dont worry. Voya helps them to and through retirement. Dealing with todays expenses. While helping plan, invest and protect for the future. So theyll be okay . I think theyll be fine. Voya. Helping you to and through retirement. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its 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. Call, click, or visit a store today. Cheryl a new study has found that half of millennials have left the job over Mental Health reasons. Thats a lot higher than the 20 overall that left a job for the same reason, this is according to a new study from the Harvard Business review. Experts there say there are several issues that are hitting millennials in particular, a rise in depression, higher living costs and burnout. Lauren its a very mindful generation