Hopefuls push for medicare for all, President Trump may roll out his own Healthcare Plan. Millennials are into social media, but they may not be social as you think. As the song goes, one really is the loneliest number. It is monday, august 5th. Fbn a. M. Starts right now. I love you. Wait for you. I love you. Yes, i do. Yes, i do. Cheryl welcome to fbn a. M. Good morning, im cheryl casone. Im deirdre bolton. Im in for lauren simonetti. Cheryl investors are continuing to worry this morning after that trade fight escalation. More on that in a moment. Look at dow futures, were down 370 on dow futures, and the nasdaq is down 143 and a quarter. Looks like its going to be a rough morning for wall street. Thats sending some investors into bonds. If you look at the 10 year treasury, its close to a threeyear low. Cheryl reports that the iranians have seized another oil tanker continuing to affect oil but surprisingly were a little lower on the contract this morning. 54, 76, a loss of 90cents. Stocks in asia down, hong kong down 3 . The trade tensions between the u. S. And china really having an effect on the region. Cheryl all of that is affecting europe. Youve got major red across the board. The london market, the French Market are down both more than 2 and germany a gain excuse me, a loss, a big loss of almost 2 . Investors facing losses at the opening bell. U. S. Stock Index Futures down sharply following the drop in asian markets. Increasing trade tensions between the u. S. And china to blame. Traders pushing the sell button last week of after President Trump announced the u. S. May impose 10 tariffs on another 300 billion worth of chinese imports as of september 1st. The latest round of trade talks ended with no may r juror pro major progress reported. President trump ordered the new tariffs even though there were clear objections from his own advisors. Cheryl Peter Navarro appeared on Fox News Sunday and brushed off claims that American Consumers will pay more because of tariffs, he said its not tariffs but the Federal Reserve which is the biggest threat to the u. S. Economy. These people who are putting out this information are the same multinational corporations that shipped off our jobs to china. Weve lost over 70,000 factories to china, over 5 Million Manufacturing jobs. Im just telling you, were not seeing this in the data. China, the value of their currency since we put the tariffs in place, by almost 10 , were talking about putting 10 tariffs on the remaining 300 billion worth of goods. Were just getting back to where we were before they started manipulating their sigh. Manipulatingmanipulating their. They said the same kinds of things, the l same groups said the same kinds of things when the tariffs began. Were not seeing it. They said everybodys entitled to their own opinion, theyre not entitled to their own facts. I have the facts. Read the press releases and show me prediction thats havent been i find it ironic that jay powell, the fed would come on and blame trade tensions when jay powell singularly is responsible for losing at least a point of growth on our gdp by raising Interest Rates by 100 basis points and engaging in whats called quantitative tightening. The fed is the single greatest obstacle right now to strong growth in america. Cheryl well, all of this coming as china has reportedly asked state buyers there to stop purchasing agricultural imports from the u. S. President trump has criticized china for not following through on past promises to buy large amounts of u. S. Farm products and now sales of huawei p smartphones are jumping in china thanks to a, quote, patriotic buying spree, sales surging by nearly a third of the phones during the Second Quarter. Irans claim that it seized another oil tanker in the strait of hormuz has the u. S. Andal allies determining their responseses. Theyre pushing for an escort operation, aimed at getting safe passage in the strait. Cheryl Allison Barber has the latest. Reporter iran reportedly seized another oil tanker in the persian gulf. Iranian revolutionary guards seized the foreign tanker and detained seven p crew members on wednesday. The revolutionary guard claims that it was an iraqi ship smuggling 700,000 liters of fuel. The u. S. Hasnt commented but the countrys secretary defense and secretary of state melt with respective counterparts on sunday. Mike pompeo asked australia to join a Maritime Security initiative, aimed at promoting safe passage through the persian gulf and strait of hormuz. The u. S. Began to try and convince allies to joins whats known as operation sentinel. The promote freedom of navigation and freedom of commerce, and prevent any provocative actions by iran that may lead to a conflict. Reporter germany said they will not participate in part because they believe the u. S. s policy when it comes to iranian sanctions and maximum pressure is misguided. Secretary pompeo says he is confident that Global Coalition will come together. Theres lots of conversations taking place amongst all of the countries. They understand they have goods that flow through this region that are important to their own economies. Reporter australias deminister says the u. S. s request is a serious and complex one. They have not made a decision one way or another but the defense minister said they are giving the request serious consideration. Allison barber, fox news. Cheryl hundreds of people honor the 20 lives lost in a horrific Walmart Shooting in i vigils across el paso, texas. We are learning more details about the suspect and what could have fueled his hateful rampage. We have the latest from el paso. What is the tone like there . Reporter yeah, well, the whole community is just reeling from this shooting, at the same time pulling together. The suspect is held without bond, charged with capital murder in connection with the deaths of 20 people, people who lost their lives in the walmart in the Shopping Center behind me. Meanwhile, federal authorities are investigating whether the defendant authored an antiimmigrant online post as they consider domestic terrorism and hate crime charges and the fbi is interviewing acquaintances of the defendant in the dallas area. Through those interviews, were putting the investigation together to be able to determine if he was part of a group or working with other individuals that were planning any future attacks. At this point we dont have any credible intelligence saying theres anything going on in the future. Reporter a video posted on facebook shows the inside of the walmart when saturdays gunfire broke out. You can see someone hiding under a shelf as you hear shots being fired, a mother and father shopping for School Supplies lost their lives while shielding their baby from the gunfire. I think they were all together, and the father tried to shield them. There was no way he would let anything happen to that child. Reporter over the weekend, El Paso County sheriffly card wiles wrote about the shooting. He wrote this man came here to kill hispanics. Im outraged and you should be too. This entire nation should be outraged. In this day and age, we are still confronted with people who will kill another for the sole reason of the color of their skin. Beto orourke, who used to represent el paso in congress, joined hundreds of residents for a silent march followed by a vigil to honor the shooting victims. We bore the absolute worst of it in a community for the last 10 year which has averaged 18 murders a year, for the entire year. We saw 20 people gunned down in one day. Reporter later this morning, President Trump is expected to make a statement addressing not only the shootings here in texas, but also ohio. That expected to take place at 10 00 this morning. Back to you. Cheryl jonathan, thank you very much for that live report from el paso. Mexico is threatening to sue the United States for failing to protect its citizens in el paso. The victims include six mexican nationals. After declaring hate has no place in our country, President Trump is expected to give remarks on the Mass Shootings today and democratic lawmakers are demanding a special session of congress to address the crisis. Police releasing brandnew Surveillance Video showing moments a gunman opened fire on a packed street in dayton, ohio, killing nine people including his own sister. [gunfire] another video shows people running for cover and Police Officers consistent p fronting the shooter. Of confronting the shooter. Cheryl potential copy cat attack was stopped at a florida walmart just hours after the shooting in dayton. Police say a man was intrigued by this weekends Mass Shootings and threatened to, quote, shoot up the store. This was south of tampa, florida. The mans mother works at the walmart. The man is now facing a felony charge. Hsbc ceo is out. Tracee carrasco has the details. Tracee the Company Announced after 18 months leading the bank, john flint is being replaced. He will serve as interim chief. Hsbc released Second Quarter earnings along with the aannouncement, posting a rise in net profits. Fox corp. Is buying a majority stake in credible labs. The deal is valued at 2 265 million. Credible is a marketplace for Consumer Lending information. It is used by people to shop for loans and for mortgages. The deal gives fox a 67 stake in the San Franciscobased company which is listed on the australian market. And victorias secret reportedly hiring its first ever transgender model. Valentina sempio posted an Instagram Photo at a shoot. The company came under fire following remarks made by the chief marketing officer, he said transgender and plus size mo hes tells shouldnt be included in its fashion show. And thats whats happening now. Cheryl tracee, thank you. Weve got a major selloff going on in the futures markets this monday to show you many this is an escalation of what we saw on friday on these new tariffs that are going to be levied on china september 1st, 10 on 300 billion. Thats got investors rattled still. Plus, some instability in asia. Dow down 366, s p down 43 and three quarters. Still ahead, well, these trade tensions are mounting and the presiden president ordered w tariffs on chinese goods. This morning, were learning new details about how the president made that decision thats got markets so rattled right now. And if you jump every time your phone rings, listen up. The fccs plan to finally bring you a little peace of mind. 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. Cheryl weve got a major market selloff on this monday, this is of course on trade concerns, this is carrying over from friday. Asian markets affected by the concerns about the no movement that weve seen between china and the u. S. In the meetings between mnuchin and the chinese that didnt go he anywhere. The dow is down 369, s p down 44 andahalf, nasdaq down 149 points. Well keep you posted throughout the hour on futures. Deirdre more violent protests this weekend in hong kong, the he Pro Democracy Movement is holding a general strike today causing more than 100 flight cancellations, major traffic disruptions. In her first Public Comments in two weeks, carrie lamb says the city is becoming dangerous and unstable. Such extensive disruptions in the name of certain demands or uncooperative movements have seriously undermined hong kongs law and order. Deirdre lamb maintains she has no plans to resign. Cheryl for more on the political crisis in hong kong as well as the he escalation of trade tensions between washington and beijing, lets bring in dean chang, Senior Research fellow at the Heritage FoundationAsian Studies center. I want to focus with you, lets go to the markets. Were looking at a major selloff in u. S. Markets. The president does think the stock market is a barometer of his presidency, investors having a very negative reaction to the new announcement of 10 tariffs on 300 billion. Thats everything that we basically import from china. What do you make of this decision and how bad is the effect going to be do you think on the u. S. Economy . I think that given the president s frustration with the lack of movement in the trade negotiations, im not very surprised. Let me say that i fear that this is going to be the new normal. I think that even if some kind of trade deal is reached, that its quite possible that we are going to be looking at a permanent 10 tariffs across the board for a long time to come. Because unfortunately, the other side of this that is there havent been there hasnt been Much Movement in part because the chinese havent given much at all on the issue of protecting intellectual property. Cheryl theres a report in the wall street journal that says many of his advisors objected to his move. They tried to discourage the president on the new 10 tariff and he made the decision anyway and he finally after two hours of fighting in the white house this is where they stand. Dont those voices carry weight with the president . President trump has demonstrated i think pretty clearly on multiple issues, whether its trade, whether its north korea, that he ultimately is the decider in chief. Hes the one who is going to make the call and his advic advs may have a say, doesnt mean they have influence. Cheryl 40 of clothing that we import to the country, made in china. I want to ask about hong kong. This does play into the trade story. Isnt the escalation of tensions in hong kong and violence, isnt that something that xijinping is going to have to Pay Attention to domestically and does that take away from trade talks as well . Absolutely. He cannot really afford to be seen as wavering on hong kong. The Chinese Congress has said before that hong kong may have one country, two systems, but that really means that your system is subordinate to the chinese system. This is absolutely something that is of concern to xi. Cheryl hes got a lot on his plate, as do we right now with the market selloff. Dean chang, thank you so much. Appreciate your time on this big issue. Thank you for having me. Deirdre right now, futures are in the red, no other way to say it, just keep in mind last week was the worst week for the s p 500 all year. It looks like that tone ready to continue today. You can see that on your screens right now. Were going to talk about that. Also, an extreme idea for the economy, details on a plan from the left wing that could wreck the country. Keep it here on fbn a. M. Hey im bill slowsky jr. , i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Cheryl were following a major market selloff for you on this monday, this of course is based on fears that any hope for a trade deal between the u. S. And china really dwindled, especially on new reports that the chinese will not be buying agricultural imports from the u. S. As president xijinping promised. The nasdaq is down almost 2 right now. Were following it. Deirdre americas economy is certainly growing under President Trump but tv host bill maher wants it to a nosedive. One way you get rid of trump is a crashing economy. So please, bring on the recession. A recession is a surviveable event. What trump is doing to this country is not. Im hoping for a recession, people hate me for it. It would get rid of trump so you shouldnt hate me for it. Recessions are really bad. I know, its worth it. Deirdre don kastrobome, thank you for your time this morning. Will the rising tensions between the u. S. And china keep pushing markets lower . Futures are clearly in the gutter right now, following the worst year for the s p 500 all year last week. Well, i think its going to be something thats temporary for right now, from what were seeing. Its the latest tweet that we heard from President Trump and that comment that we heard from bill maher about going into a recession, thats just a comedian putting out nonsense and thats a ridiculous comment to make. But i think its going to be momenmoment aary if youre talkg about technology, semiconductors, theyre going to get hit a lot harder than some of the other Manufacturing Companies that already started to build it into the process. Deirdre i heard you say that some of the tariffs are already baked in. Im assuming you mean the additional 10 tariffs on the 300 billion. You think investors understand it, if it happens what youre saying is the markets will not go down more . Im saying temporarily i think they will go down but if were not hearing anything else other than what we just heard, i think were going to start to hear about talks that are going to happen in september, about various things that are happening towards more of a positive and it doesnt take much for these markets to either go up or down, so i still think we have some upside and i think tariffs are just going to be a a mo