In china. Were being told that active preparations for a meeting between President Trump and president xi xinping are underway from this end but the deal is not around the corner. At least it doesnt seem that way. My interview with a senior chinese official on the red lines what items china is not willing to give ground on. What he thinks will be the big headline to come out of the meeting between the two leaders set next week. That is all coming up. Melissa first we begin with breaking news and fox Business Team coverage. Gerri willis on floor of new york stock exchange, Edward Lawrence at the ever important Federal Reserve. Hillary vaughn on capitol hill. With that introduction heed ward i will start with you. Reporter Federal Reserve, no rate cuts, no rate hikes. They will paws, leave things where they are. They were one vote away from looking at the dot plot to have a rate cut. Chairman powell defending the decision they want to look at longer term data and longer term trend before