Why your next conversation may drive you i say you over the edge. Lauren. Lauren uh oh. Ashley it is monday, july 29th. Fbn a. M. Starts right now. Oh, oh, oh, oh, listen to the music. Owsnow owesno. Oh, oh, oh, le music. Oh, oh, oh, listen to the music all the time. Lauren ashley is singing to the dooby brothers. Welcome to fbn a. M. Im lauren simonetti. Ashley thank you for calling it singing. Good morning, im as ashley webster. Lauren its very much wait in see ahead of the july jobs report, the fed rate decision. The dow jones completely unchanged in the premarket. S p and nasdaq are coming off record closes, off fractionally. Ashley the yield on the 10 year treasury, its been where it has been for a while, 2. 06 , down 7 basis points. Lauren tensions in iran continue. The price of oil moving nine cents to the upside, 56. 29 a barrel. Ashley protests in hong kong are going on and theyre sending the hang seng down, down another 1 . Lots of red on the asian markets today. Lauren are we doing any better in europe . A little bit, if you look at the ftse in london, gaining 1. 2 , 89 points. The cac and dax are each lower. Ashley. Ashley the u. S. And cht to he resume facetoface trade talks for the first um. Hillarytime sincemay. Steve mnuchin and Robert Lighthizer are due to arrive in shanghai tomorrow for a meeting. Lauren expectations for any major progress have been dialed back as the two countries remain at odds over issues that include intellectual property theft and a u. S. Ban on sales to huawei. Ahead of the talks, some positive news on agricultural purchases. Several million tons of u. S. Soybeans have been shipped to china. Breaking overnight, beijing making a rare announcement on hong kong after another violent weekend of protests. The hong kong and Macau Affairs office says it believes one country, two systems is the best way to govern hong kong. It says the Central Government supports hong kongs police and chief executive, carrie lamb. Hong kong Police Arrested about 50 people yesterday, tear gas blanketed the downtown area as police also fired rubber bullets to clear thousands of protesters, look at that. Ashley its been a familiar scene recently. Meantime, investors watching washington this week where the Federal Reserve is widely expected to cut Interest Rates for the first time in more than a decade. Jay powell and members of the Central Banks policy making committee are expected to lower rates due to slowing Economic Growth around the world and rising trade pensions. Powell said the fed will continue to act appropriately to sustain the economic expansion. Lauren here is what larry kudlow told jerry baker on wall street journal at large. I will say the market is expecting three 25 basis point rate cuts between now and yearend. Thats the market. My own personal view, and the fed is independent, im not going to preach, theyre going to do what theyre going to do and so forth, i would just say the sooner the better. Lauren former fed chair, janet yellen, said she would support a quarter point rate cut. She was speaking at a conference in colorado over the weekend. Ashley investors bracing for a busy week of earnings, seven dow components, nearly onethird of the s p 500 will report Second Quarter results. Beyond meat and dish Network Report today. Well also hear from four members of the dow tomorrow, merck, pfizer, Procter Gamble and apple. Nearly half of the s p 500 companies have reported earnings so far with three quarters beating profit forecasts and nearly two thirds topping revenue. Lauren new missile tests have been carried out over alaska. This comes days after iran tested a medium range missile. Ashley Allison Barber in jerusalem with the details. Reporter the Israeli Ministry of defense said they successfully demonstrated the missiles outside of the atmosphere. The tests took place in alaska. Israels Prime Minister says they intercepted targets at heights and speeds not known until now. All of our enemies should know we will overcome them defensively and offensively. Reporter iran test fired a medium range Ballistic Missile on wednesday. It flew over 600 miles from southern iran to an area in northern iran outside of the capital, tehran. Arrow three is the top tier of israels multi layered shield which includes the iron dome and arrow two system, all of it meant to defend rockets. Since President Trump announced the u. S. s with drawing drawl we Iranian Nuclear deal, iran has taken steps to reduce commitments it agreed to in the 2015 deal. They say the u. S. Is engaging in economic terrorism. Iran and the remaining signatories met in seeen viennn sunday. Britain, france, russia, germany and china are trying to sal advantage thsalvagethe nuclear. Iran wants to sell oil as it did before the u. S. Rea reimposed sanctions. The official say iran will keep reducing its commitments to the deal until an agreement is reached that secures irans interests. Allison barber, fox news. Lauren the gilroy garlic festival in california ended i n a massacre. A gunman was killed by police. Ashley . Ashley Claudia Cowen e in gilmore. Reporter were almost nine hours after the attack happened. Good morning, lauren and ashley. This tightknit community of gilroy is reeling after the shooting spree turned a day of fun and food into a night of panic and bloodshed. Thousands of people were enjoying the last day of the annual gilroy garlic festival when witnesses say a man with a rifle opened fire stopped to reload and fired again. Some say they heard as many as 50 shots fired. Witnesses say the shooter appeared calm as he fired at random, causing confusion and chaos among the crowd of festivalgoers. It just started popping off like fireworks, sounded like fire crackers. Thats what i thought it was, until he grabbed me and pulled me and said it was a gun, we need to go. It was like an automatic going off really close too. And then there was a point of silence and then there was another reroad, seemed like a reload and we heard 30 more rounds. Everyone was screaming, running. It was just crazy. Reporter there is always a Large Police Presence at this popular event and gilroy officers engaged the suspect in less than a minute, fatally shooting him. According to one witness, when someone asked why he was shooting at people, the gunman said something about being angry. The manhunt continues now for a second suspect. The police chief describes how they avoided going through the metal detectors at the festivals entrance. It appears as though they had come into the festival via the creek which borders a parking area and they used some sort of tool to cut through the fence to be able to gain access through the secure fence line and thats how they got into the festival area itself. Reporter police have not released any information about the victims of this attack, nor have they identified the gunman or discussed any possible motive. Back to you. Ashley Claudia Cowen in gilroy, thank you so. Laurenmuch. Lauren President Trump tapped a new National Intelligence director. Ashley Tracee Carrasco has the details. Tracee President Trump nominating texas gop congressman John Ratcliffe as the new director of National Intelligence. Ratcliffe tweeted hes grateful for the opportunity to lead the Intelligence Community and work on behalf of the Public Servants who are tireless devoted to defending the security and safety of the United States. He will replace dan coats who resigned as intelligence director. Pfizer and mylan are reportedly nearing a deal that could create a global powerhouse in the low price drug market. Pfizer would spin off its upjohn business and combine the firm with mylan. They will sell epipen and viagra. Pfizer shareholders will own most of the new company. They could bring in annual sales of more than 20 billion. Director Quentin Tarantino smashes his own Box Office Record with onc upon a once n a time in hollywood. Explain what it is exactly that a stunt double does. Actors are required to do a lot of dangerous stuff. He is meant to help carry the load. Tracee the film brought in 40 million in its debut, not enough to dethrone the lion king. It made 75. 5 million. Spiderman, far from home, took the number three spot with just over 14 million. The film topped 1 billion worldwide this weekend. And discoverys shark week has officially kicked off and just in time. Kelloggs announced its releasing a baby shark cereal. It will feature berry flavoredded loops and marshmallows. It ill wil will be available int in late september. Lauren thats a brilliant idea. If only the box could sing. Still ahead, showdown in shanghai as u. S. And china trade representatives get ready to talk trade this week, is a deal in sight or will they kick the can further down the road . And is siri sharing your secrets, we have details on a new report on who could be listening to your most intimate moments. Youre watching fbn a. M. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. You need decision tech. Sh siri is listening and maybe a little too much. A new report says apples digital assistant is hearing everything from confidential information to drug deals and even more intimate moments and apples contractors are getting an airful. The guardian earful. The guardian says they send the recordings to outside companies to help grade siris responses and interactions. Lauren basically like alexa from amazon. Speaking of amazon, more than 20 amazon workers at a delivery facility in chicago are accusing the company of not paying them nor overtime during prime week. They filed a complaint with the Illinois Department of labor, claiming that management dismissed them six hours early on july 19th and promised to pay them for their full shift. The workers said amazon counted the six hours in the following weeks papered, so they didnt pay period, so they didnt get the overtime for those hours. Ashley investors have a full plate this week with u. S. China trade talks set to resume and the Federal Reserve meeting on Interest Rates. Our next guest says dont expect any major progress this week on a trade deal. David nelson is chief strategist with bell point asset management. David, good morning to you. I was reading your note. You asked the question, so what are the chances of some breakthrough being made in china with these trade talks and you said in a word, no. Can i go. Ashley yes. Thank you for being here. Over to you, lauren. No, you said president xi, the president of china has dou dug. Where does that leave him with regard to getting something done with us . Probably difficult at best. I think president xi, i think the calculus for him all along was to push this closer to the election and hes making a political gamble here. Hes hoping to negotiate with somebody on the other side of the aisle. If President Trump is reelected, i would expect a deal within weeks, certainly cey months. Ashley. Ashley the way the chie government operates and allows markets open to foreign countries, we had a deal in place and they suddenly walked away. I think they had to from their mindset. The math doesnt work for them. Theyll try to push this closer to the election. Make no mistake, this is an adversary. Its not just trade. Its the military and foreign policy. Ashley seems like its been going on to decades. Want to move on to the fed decision, quickly. Chances this week, we believe ba 25 basis point cut or maybe 50. Its the worst kept secret that were going to get a rate cut. Weve had pretty strong Economic Data in the last couple weeks including a monster retail sales number a couple weeks ago. I would say that 25 is a lock. We can debate the merits of a rate cut. What we cant debate is the harsh reaction that would happen if we didnt get one. Ashley as far as the Market Reaction to this, its got to be baked in, right . Its certainly baked in. What isnt baked in is if we didnt get anything at all. What powell understands now, its probably taken a while for the mindset to set in, is the fed doesnt operate in a vacuum. I look at the yield serve, it almost demands it. Developed economies around the world are at negative rates. Germany is negative all the way to 17 years. I think they have to make this move. Ashley well have to leave it here. Lauren still ahead, half a dozen countries try to salvage the Iran Nuclear Deal without the u. S. What it could means for hopes of a u. S. iran troops. And this mom turned a going out of business sale into a remarkable act of kindness. Keep it here on fbn a. M. I just want to use your love tonight. Tonight, tonight, tonight, tonight, tonight. I dont want to lose your love tonight. I want it that way. I cant believe it. That karl brought his karaoke machine . Aint nothing but a heartache. No, i cant believe how easy it was to save hundreds of dollars on my Car Insurance with geico. I never wanna hear you say. No, kevin. No, kevin believe it geico could save you fifteen percent or more on Car Insurance. Lauren after eight weeks of massive protests in hong kong, beijing holding a very rare News Conference to address the crisis. The hong kong and Macau Affairs office says it believes one country, two systems is the best way to support hong kong. They say they will not send in the Chinese Military to diffuse the situation. Retired colonel daniel davis joins us now. Is what beijing said enough to diffuse the violence . No, i mean, the this whole situation started eight weeks ago with this law they didnt want to see on the books. The protesters got that off the books. What it did, it opened up a whole new strain that they more freedom and they wont be satisfied until they get it. Lauren what can beijing say to make the protests stop . Theyre only getting worse. They hold the News Conference and no one is happy. Its putting beijings control at risk. One of the main thing the protesters are asking for, they want the ability to elect their own governor and their Legislative Council which is right now appointed by beijing. Beijing doesnt want to give up control. They want this to go away. I dont think the protesters will let it go away because theyre really upset. Lauren it doesnt look like its going away. It is disrupting business in hong kong and affecting the market, down more than 1 today. We have to switch to another hot topic and that is iran. Several story lines here. The first is the u. S. And israel have tested Missile Defense system and Great Britain sent another war ship to the persian gulf. What are the chances that these are seen as acts of provocation by iran, that we get some sort of conflict because we misinterpret what one anothers is doing . That is a very real risk. We have already seen that with the ship that the the iranian ship that the british seized gibraltor which was followed by the titfortat, the seizure of a british ship by iran later on. These things will continue on, titfortat, we need to diffuse the situation because the last thing we want is for it to even accidentally spark into war which would be catastrophic. Lauren iran met with the eu and several nations that backed the 2015 nuclear deal over the weekend to restore parts of it. Will that go anywhere . And thats what theyre trying to do desperately. So are our allies. Thats what they want. That provides President Trump an opportunity to open up a diplomatic channel by saying, look, we can give targeted sanctions relief to allow iran to sell oil to our allies to open up the possibilities of talks. That could lessen tensions and could give trump a chance to negotiate like he says he wants to. Lauren chances of it happening . President trump will have to agree to do that. As long as he doesnt listen to bolton, i think theres a good chance. Lauren thank you. Ashley lets take a look at how your money is doing this morning. Look at the futures board, all essentially flat but just slightly lower. The dow off just 3 points at 27, 146. Coming up next, President Trump firing back at critics and doubling down on criticism of congressman Elijah Cummings and the city of bal baltimore. We go live to washington. You wont want to miss one mans cover of a lion king classic song that is taking the internet by storm. Youre watching fbn a. M. The circle of life. And it moves us. 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