Its tuesday, august 27th. Fbn a. M. Starts right now. The moon comes up and the sun goes down. We find a little spot at the edge of town. Sip of whiskey, pass it around. Dance in the dusk, turn the radio up. That fireball whiskey whispers. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren im lauren simonetti. Cheryl lets take a look at investors monitor every twist and turn in u. S. China trade relations. The dow is down after yesterdays gain by 80 points, the s p and nasdaq lower as well. Lauren 1. 52 is the yield on the 10 year treasury. Cheryl lets take a look at oil after comments froms president that crossed the tape this morning. Oil is up 40cents. Were at 54. 04. Gold is showing a slight gain, that flight to safety a little bit there. Lauren stocks in asia edging higher. The nikkei gaining 1 , shanghai composite gaining 1 and a third percent. Cheryl european markets lower, theres a slight contraction in german gdp. Red arrows continue across the board across the pond. Lauren china headlines continue to drive this 345r get. Presiden drivethis market. President trump is back in washington. All eyes on china and a potential end to the ongoing trade war. Cheryl Griff Jenkins has a look at why the two sides may not be on the same page. Reporter well have a better idea of where things stand once the talks resume with china in september. But for now, no shortage of drama in the high stakes standoff. The latest, a positive sign from chinas vice premier issuing this statement. China is willing to resolve the trade dispute through calm negotiations and opposes the escalation of the conflict with the president. He called him a great leader yesterday. The president reporting that beijing called his trade team twice over the weekend to resume negotiations. The president now sounding optimistic of a deal. I think they want to make a deal very badly. I think that was elevated last night. Chinas taken a very hard hit over the last number of months. Theyve lost 3 million jobs. It will soon be much more than 3 million jobs. Reporter Chinas Foreign Ministry spokesman spokesman wt confirming the calls and threatened theyll continue to retaliate if President Trump continues to fight joe biden vowed not to criticize the president while overseas, he was blasting the president s trade war. The president has not been fiscally careful. He has sparked the trade war. His trade war with china is blowing up in his face. Donald trump has no plan. Trade war by tweet is harmful to the u. S. Economy, harmful to u. S. Farmers. Reporter the president s back in the white house today so well see if we learn more and well wait to see how the markets react. Its been a very bumpy ride in the last week. Cheryl griff, thank you. Tensions are flairing between china and australia after china arrested an australian writer for alleged spying. He was a blogger and a spy novelist. Hes been in custody for the last of a half year. He could be forced to serve a long prison sentence if convicted. Australia says there is no basis for the spying charges. Lauren Johnson Johnson lost a closely watched case for its role if fueling opioid addiction in the state of oklahoma. The companys shares rose more than 2 on the news because the fine is actually much less than investors had expected. The verdict sent shares of other drug makers that sell opioids mostly higher. Cheryl we get more on the judges ruling and the legal fallout from fox news lauren blanchard. The Opioid Crisis ravaged the reporter a judge decided the actions of Johnson Johnson and opioid epidemic. I am entering an abatement plan that 572,102,000 and 28. Reporter some family members were in the courtroom when the verdict came down. Prosecutors say the companies were motivated by agreed and created a public nuisance by flooding the market with pain killers. The attorney general said opioid overdoses claimed the lives of more than 4600 people from oklahoma in a 10 year period. They will finally be held accountable. Reporter companies are saying theyre not responsible for the addictions and deaths. We have many strong grounds for appeal and we intend to pursue those vigorously. Reporter ahead of the sevenweek trial, the state settled with perdue fa pharma as well as Teva Pharmaceutical industries. This will likely set the precedent for thousands of lawsuit already filed in other states. Lauren blanchard, fox news. Cheryl up to 30 alleged victims of Jeffrey Epstein are going to be heard in court today. New accusers are expected to speak out as well. A judge will formally dismiss charges against him due to his recent suicide. Some victims plan to sue his estate. The Washington Post is reporting that some Surveillance Video outside of the jail cell where epstein hanged himself is unusable, its unclear why that is, though. Lauren democrats are considering a shortterm funding bill to avoid a Government Shutdown next month. Cheryl Tracee Carrascos got that story. Tracee good morning. Congress passed a budget deal last month but have notif not finalized an actual funding bill. Lawmakers return to capitol hill on september 9th, giving them three weeks to reach a shortterm bill will be needed to fund the government into december while a longer term deal is worked out. 20 states are suing over the Trump Administrations efforts to remove the flores agreement. It would allow migrant families including children to be detained indefinitely. The Trump Administration says it will keep children safe from smugglers and cut down on fraught fraudulent families. Immigration officials will no longer allow people to stay in the u. S. Without risk of deportation while they or their family members receive lifesavinsaving medical treatm. Papa johns is preparing to have john lynch to take over as the ceo. He would replace steve richie who took over in january 2018 when John Schnatter stepped down. Spacex launch aborted, less than one second before liftoff the star hoppers test was stopped. The Company Plans to try again today. This would be the final launch of the rocket, a prototype of a mars launch system. And thats whats happening now. Cheryl its still going to shatter windows in the neighborhoods where theyre going to launch it so that issue not fixed yet. Tracee that warning still in effect. Lauren thank you. Cheryl poor people in texas. For first time ever, the mtv Video Music Awards took over new jersey. Taylor swift, cardi b, little n a as and Billy Ray Cyrus all taking awards while Missy Elliott took home the Lifetime Achievement award. The night didnt go off without a hitch. I shouldnt do this because ill just mispronounce [bleep] [bleep]. You do it. Cheryl that was John Travolta who famously mispronounced a name at the oscars. He wound up making another flub. He gave the moon man award to a taylor swift imperso impersonatr instead of her. Lauren the night had some political punches. As an immigrant i feel like we are the people that make this country. You voting for this video means that you want a world where were all treated equally under the law. [ cheering and applause ] lauren check the ratings when they come in. Cheryl that is why ratings for awards shows in general are down. Well see what the ratings come in for that one. Lauren its one of the reasons theyre going hostless too. Lets take a look at futures. We have a downdraft, a headlinedriven market. Dow is down 25 points but doing better than it had been moments ago. Like i said, optimism turning into skepticism over the trade war, beijing casting new doubts that its eager to get back to the bargaining table. And guess who is back in the neighborhood. This is how you answer the door in my neighborhood. Who is it . [ laughter ] lauren cheryls laughing. Eddie murphy is heading back to tv. Details on his big return, coming up. Keep it here on fbn a. M. Hold on. Im coming. Hold on. Im coming. This is the couple who wanted to get away who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Lauren hong kongs leaders are warning that the violence stemming from antigovernment protests could lead to a police crackdown. Starting a dialogue doesnt mean that we will condone violence. If violence continues, the only thing that we should do is to stem out through the violence through Law Enforcement actions. Lauren thats carrie lamb, saying the government is confident it can handle the Current Situation by itself. More demonstrations are planned over coming days, posing a direct challenge to authority in china. Three months of protests. Cheryl beijing is reportedly downplaying President Trumps claim that china wants to resume trade talks. Our next guest says he hopes both sides want to return to the bargaining table. Clark packen, he is here. Clark, good morning. Good morning. Thanks for having me. Cheryl even your tone is shifting a little bit about the likelihood of a trade deal. Weve seen the chinese now, the yuan affecting our markets this morning, the devaluation of the currency. Theyre not propping it up strongly but theyre not pushing it down either which makes you wonder what policy is coming out of beijing. Also, the fact that theyre pushing back against President Trumps comments over the weekend. Yeah, im certainly a little disappointed by the tone from beijing. I would like to see, again, both sides get back to the table. Weve been through this four, five times. And it seems like nothing is being resolved. Meanwhile, its creating massive uncertainty in the market and the march h markets basically g water right now. Cheryl look at your screen right now. We were down 100 points on u. S. Futures for the dow, now were down 20. This is based on every tweet, comment, back and forth that we see. Its not just xijinping thats the issue. We heard about carrie lamb and the events in beijing. Thats not quieting down. And while shes trying to take a consistenconciliatory tone, it t some point Mainland China will jump into the fray. I hope not. I hope both sides can remain calm. This has the potential to spiral out of control, the same way that Tianemen Square did. My hope is both sides can take a deep breath and not resort to any sort of violence or any sort of ratcheting up of tensions, even into the trade space. Cheryl since the tariff fighting began, markets have actually been strong but for the month of august, all of the major averages looking to lose about 3 . All this volatility is on china. And now it seems that the chinese, and weve had several guests come on our program and say this, are basically going to wait this out as we get closer to the election. How likely is that, in your opinion, at this point . I think that makes a lot of economic sense if youre a businessman, youre looking to see how this is going to play out. Investment doesnt like uncertainty and theres so much uncertainty that i completely understand why businesses are sitting on capital and not investing right now. Cheryl Goldman Sachs upping its forecast, saying its going to hurt the u. S. Economy more. You a agree, yes or no . I think its up in the air. It remains to be seen. Cheryl theyre saying 0. 7 hit to gdp at this point. Clark, were watching it. Were reacting. Were here. Clark, thank you so much. Thanks. Lauren coming up, not one day after President Trump said hes open to talk with iran, there is trouble a ahead. Why iran may not want to come to the table here. And how far does your love of Pumpkin Spice go . Cheryl i love Pumpkin Spice. Lauren its so fall, right. The extreme lengths some are willing to go to have it all year round. Pumpkin spice in the summer. What would you give up . Keep it here. The way my soul gets lost with you. The fin finer things i feel 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 ] [ loud squawking and siren blaring ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. Lauren hopes for a meeting between the u. S. And iran may be crumbling already. Irans president saying this morning iran has no intention to talk to the United States unless all sanctions are lifted. A senior fellow at the foundation for defense of democracies is here. Good morning. Good morning. Lauren how likely is this meeting in the first place because the iranian president answers to Supreme Leader who calls the shots. Thats right. Thats the power structure in place. The Supreme Leader has to give a green light to irans president or any other iranian diplomat to engage in such negotiations. The reason were talking about this is because at the tail end of the g7 summit, emmanuel macron, frances president , hinted he would like to see row rohani of iran and President Trump of the u. S. Meet. Lauren macron said they will likely meet within weeks. Does that tee us off for a potential meeting at the un in september . It could tee us up for that. It is the next big major diplomatic marker here. Its natural for different president s and different officials to meet on the sidelines, formally or informally. The expectations are raised. If there isnt a meeting, there may be a phone call. In 2013, president obama and president rohani had a phone call. Two months later there was an interim nuclear deal. Lauren whats the point if both sides are digging in their heels. You have iran struggling economically and saying were not talking until you lift the sanctions. Thats a great point. Its not about hawks or doves. Its about good policies or bad policies. In less than one year the u. S. Has been able to do the same kind of damage to the iran economy that it took a decade of multilateral sanctions to do. My advice is to keep the pressure up and make sure iran comes to the table in earnest. They want to be able to sell 700,000 barrels of oil, they want a line of credit, that is a sign that the sanctions are working. Lauren if we just keep talking and flirting with them in a way to reduce the tension, reduce the pressure, do you expect that to maybe reduce irans control of the persian gulf and their provocations in that area . Actually, i would expect the opposite. I think the iranians are trying to incentiveize the Trump Administration to not engage in productive diplomacy but rather premature d diplomacy, meaning u have high level photo ops or high level sanctions relief and this gives irans enough political stamp m stamina and eh cash to wait out the president. Lauren because if a democrat is elected the tune and tone will change. Cheryl Tropical Storm dorian traveling through the carribean overnight. Lauren janice dean has the latest. Janice were watching dorian. We got the 5 00 a. M. Advisory, its still a Tropical Storm, 50mileanhour sustained winds. Over the next 24 to 48 hours, the storm is really not going to strengthen. When it gets near the bahamas we could have trouble. Watching puerto rico, how close to land does this come . If it comes close to land it will tear part of it apart and it wont have the fuel source. This computer model shows a good path in terms of not a direct hit to puerto rico. Of course, they were hit hard by category 5 maria two years ago. A lot of people still living in tents. They dont need to see another tropical system. This one actually brings some of the moisture into the southern part of the island but the bulk of the storm remains offshore. Also watching tropical depression six. This one remains offshore. But again, ladies, well watch over the next couple days as the system could come close to the southeast coast or florida on the weekend. Back to you. Lauren janice, this is when you make your money. Thank you very much. Janice i am here. Cheryl lets take a look at your money and how its moving on this tuesday. Right now we have got dow futures weve really come back. We were down more than 100 points earlier. Now were down only 28. Nasdaq is down 9 and a quarter. Were watching everything trade and also this. The rock star versus the rock. Former Vice President joe biden dealt a major blow in a new poll. How all those gaffes caught up with him. And will you be judged based on your social behavior . How a growing trend in china is now hitting the United States. Youre watching fbn a. M. Lauren geez louise. I like me better when im with you. For instance, we know how your customers shop. And what theyve already purchased. Like this lamp. And we use those insights to show you what they might consider buying next. Midcentury modern, nice. That way, you can keep sending them offers for the perfect products. And that keeps them coming back. Hows that for changing whats pos