Dead or has it just moved . The new claim that our neighbors to the north might be better off. It is friday, tgif, august 30th. Fbn a. M. Starts right now. Twisting, twisting, everybodys feeling great. Theyre twisting, twisting, theyre twisting the night away. Heres a man in evening clothes. How he got here, i dont know. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Lauren lets take a look at how your money is moving this friday. Once again, optimism on wall street but not enough to erase the first down month for all three major averages since may. Cheryl we continue to watch the bond market for signs of a potential recession. The yield on the 10 year is higher by 3 basis points. Optimism for stocks, not so much for bonds. The yield at 1. 53 . Lauren the price of oil is down 43cents. Cheryl and stocks in asia closing out the week as you can see on your screen mixed with the shanghai composite slightly down. The Chinese Government rebuffed efforts by carrie lamb to calm down protesters. Tariffs go into effect on sunday. Lauren strikes in hong kong monday and tuesday. We have a nice reaction to the optimism on the trade talks in europe. You can see a 1 gain in germany for the dax and the ftse in Great Britain and cac in france each higher as well. Cheryl our top story is at home. The state of florida is on a collision course with Hurricane Dorian. That storm is now a category 2 hurricane. Winds, 105 Miles Per Hour but its expected to possibly hit as a category 4 or 5. That is strength not seen in the miami area since andrew in 1992. Lauren people are filling sandbags and travel plans have been dismantled. Aishah hasnie has the latest. Reporter its not good when the president decides to skip on his overseas trip. Things are looking worse and worse for folks in florida. Lets take a look now at what this cat 2 hurricane looks like right now from space. And it is getting stronger by the hour. So dorian downed trees in the u. S. Virgin islands. By the time it reach somewhere between florida and southeastern georgia on labor day, its expected to be a dangerous category 4 hurricane. The governor warning folks now is the time to act. Do not wait until its too late. If you prepared and then dont end up getting affected, no harm, no foul. If you dont prepare and you are affected, that may be something that is difficult to recover from. Reporter people are listening to that advice. Theyre stocking up on sandbags, gas and food and take a look at this. Empty store shelves already. This i just a few loaves of glun free bread left behind. Inland hotels are offering special cheap rates. No pet fees for southern florida residents who are evacuating the coastline right now. Im nervous. Im going to be prepared. Im trusting in god and i hope we dont get hit. It does get a little scary. Theres a possibility it could hit here. Its best to be prepared. Reporter the president making the decision to skip his poland trip to ensure the safety of americans. Our highest priority is the safety and security of the people. In the path of the hurricane. Its something very important for me to be here. The storm looks like it could be a very, very big one indeed. Reporter and a lot of people had plans to go to florida for the holiday weekend. Were learning that 13 Different Airlines are now offering waivers to anyone who had booked a ticket to go down to florida and were also hearing from people that are down there right now, vacationing. They decided theyre going to wrap things up and come back home a lot earlier than expected. Lauren, cheryl. Lauren might be a good idea. Thank you very much. Cheryl parts of florida, gas stations are running out of fuel as drivers rush to fill ahead of Hurricane Dorian. Airlines are offering waivers for changes. American waiving the fee for changing flights scheduled through september 3rd. Lauren now to the crisis in hong kong, the Chinese Government reportedly rejected carrie lambs proposal to with dray an extradition withdraw an extradition bill earlier this summer. Beijing ordered her not to yield to any of the protesters demands. Organizers have canceled a protest scheduled for tomorrow shortly after three key leader were arrested. One is being investigated for his role in an unaauthorized protest. He served a two month sentence in june. Things in hong kong are not looking promising. Cheryl we continue to talk about china because now the Foreign Ministry has said that the chinese and u. S. Trade teams are maintaining, quote, Effective Communication and that expectations that a new round of negotiations will take place in washington next month. But those higher u. S. Tariffs on china still will take effect on sunday. No response expected from beijing. Lets get that part of the story from Edward Lawrence in washington. Reporter good morning. The chinese for now at least not going with the titfortat, a spokesperson for the Chinese Commerce ministry saying the tariffs or the retaliation they have in place now is sufficient. They dont need to increase it and thats what he said when responding to a question about the president increasing tariffs starting on september 1st. Those will go in two phases. The president upped tariffs on an additional 300 billion in chinese imports to 15 . Part of that goes into effect on sunday, the other part december 15th. This is designed to increase pressure on china. No progress has been made towards a trade deal in the last few months and trade groups say thats the reason its starting to force their representatives and members of the trade groups into moving supply chains. At the end of the day, the uncertainty has driven us away from china anyway and the implementation or the threat of implementation of duties can be as impactful as duties. Were seeing price spikes in vietnam, cambodia and indonesia where demand is spiking and thats going to drive up costs. Reporter he said the uncertainty caused Business Investment to slow down. The administration believes the pressure will bring china back to the table to make a trade deal. Were expecting the two heads of the trade teams to have a call that will set up facetoface meetings in washington, d. C. It will be the 13th round of meetings. The u. S. Wants to see if the chinese can come back to the table and add back in what u. S. Trade representative Robert Lighthizer says was removed from the trade deal. Well have to see if that happens. Back to you guys. Lauren thank you. Beto orourke has released his trade plan. He says he would cancel President Trumps tariffs on his first day in office and that he would work with u. S. Allies to crack down on chinas unfair trade practices but its not that easy, cheryl. Cheryl u. S. Prosecutors are looking into new allegations of Technology Theft by Chinese Telecom company, huawei. The wall street journal is reporting that prosecutors are investigating how huawei allegedly stole intellectual property in multiple people and companies and how it recruited employees from its competition. These cases werent covered in indictments against huawei that were issued earlier this year. All of this acourse in the middle of the trade war. Lauren and jim comey violated agency policieses multiple times. Top republicans are sounding off on the Inspector Generals report that came out. Cheryl we learned that comey will not face charges. Reporter the Justice Department declined to prosecute this case but in an 83 page report the fbis watchdog concluded that comey violated policies by failing to seek authorization from the fbi to leak memos documenting his conversations with the president , failing to mark some of the memos and classified and that he had no authorization to remove the memos that the Inspector General deemed government records. President trump reacting over twitter to the news, saying this, perhaps never in the history of our country has someone been more sur thoroughly disgrazed graced than james comey. He should be ashamed of himself. But comey says hes owed an apology. He said they found no evidence they released the items. A quick message with a sorry we lied about you would be nice. We also heard from former depu p attorney general Rod Rosenstein saying this, its important to follow established policies and procedures especially when the stakes are high. We should be most on guard when we believe our own uncomfortable circumstances justify ignoring principles respected by our predecessors. The report drawing reaction from some republican lawmakers like mark meadows. Today was a bad day for james comey, only in washington, d. C. Can you have 70 plus pages of bad news and expect an apology. Reporter just when you thought it was over, lauren and cheryl, we are awaiting another ig report from michael horowitz, expected soon. This one into the origins of the russia investigation and potential fisa abuse. Lauren, cheryl. Cheryl thank you. Staying in washington, democratic lawmakers are calling on amazon to remove unsafe products from its marketplace. The senators sent a letter to jeff bezos urging amazon to take action to provide accurate warnings to protect consumers. In a separate letter, a congresswoman asked bezos to provide information on how amazon would block the sale of recalled products. Thousands of items were deemed unsafe on amazon. Lauren President Trump launched the u. S. Space command. Cheryl Tracee Carrasco has the outofthis world details. Tracee the president said, quote, we will now treat space as an independent region overseen by a new unified geographic combat command. The role of the new Space Command is to conduct Space Operations like enabling satellite based navigation and communications for troops and commanders in the field and providing warnings of missile launches abroad. People working overtime could be getting more money in the future. The Labor Department is reportedly looking to complete a new rule that would make more americans eligible for overtime pay. The new federal rule would increase the salary level that normally determines who qualifies for time andahalf when working extra hours. The rule which could be he completed next month has the ability to raise the pay of millions of american workers. Well, from working overtime to cutting hours, alibabas cofounder jack moss says Artificial Intelligence could bring about a 12 hour workweek. During an appearance at the world Artificial Intelligence conference, the billionaire said that because of Artificial Intelligence, people will have more time enjoying being human beings but urged that governments need to be reforming education to make sure kids can find a job, a job that only requires three days a week for four hours a day. And back hosting jeopardy, the answer, who is alex trebek. Ive had a lot of chemotherapy and thankfully that is now over. Im on the mend and thats all i can hope for right now. Tracee the host, who was diagnosed with stage four pancreatic cancer, has finished chemotherapy and is back to work on the popular game shows 36th season and that is whats happening now. Lauren he looks amazing. Tracee he does. Lauren tracee, thank you. Cheryl we have got something a little bit amazing here to show you. Weve got futures ticking up, look at this. A little bit of a nice jump in the last few minutes. Dow is up 146 right now, s p up 15 and three quarters, nasdaq up 46 and a quarter as we go into the threeday holiday weekend. Apple doing an about face, how fixing the cracked and slowloading screens got a whole lot easier. Plus, a coast call on the water as a boat narrowly outruns a force of nature. Wait until you see this video, thats coming up on fbn a. M. Here you are in the night. R. Thats why, your cash automatically goes into a Money Market Fund when you open a new account. Just another reminder of the value youll find at fidelity. Open an account today. Lauren Hurricane Dorian is gaining strength as it heads towards florida. Cheryl senior meteorologist janice dean is live in the Fox Weather Center with the latest. Janice the whole state of florida is under a state of emergency because we think this storm is going to impact the whole state of florida and its going to slow down. So the impacts of storm surge, heavy rainfall, Hurricane Force winds, major hurricane just off the coastline, for not only hours, but days. That is a huge concern as we go through the next couple of days and you can see becoming a category 4, major hurricane, and thats going to continue through the bahamas. The bahamas could get category 4 system just hovering along the coast and then into florida. And you can see here, monday, tuesday, wednesday, not moving far at all. So all of those impacts could mean the potential of feet of rainfall and Hurricane Force winds scraping a along the coast. The whole peninsula of florida, even up towards the southeast coastline, you need to pay close attention to this storm system. Were in good agreement with the computer models over the next 24 to 36 hours and then the storm slows down. This could be devastating for much of florida, all of these areas are going to be impacted. You need to be making your preparations and making them complete within the next 24 hours and listening to your local officials because there will be evacuations in the next several hours. Cheryl janice, a great report as always. Janice dean, thank you. Lauren unbelievable. Well, sunday is dday for President Trumps new tariffs on chinese goods. Despite trade concerns, Consumer Spending remains strong. Nancy davis is the chief Investment Officer of quadratic capital. Than circumstance good nancy,. Prices will go up. How does this play out . Are we Strong Enough to handle it . Everybody is talking about inflation being so low and to me the tariffs are just another form of bad inflation. If you think about it, tariffs mean its basically a tax on the u. S. Consumer and its going to be in the higher prices of goods. What investors are facing right now is the potential, are we going to actually have a taking flagst astagflationary environm, which means higher prices and lower growth which you could see whatting if we escalate further. Lauren Deutsche Bank put out a report and they described the china strategy as very longterm, theyre going to try to wait this out, that they have the resilience to do so, they use the word endurance. In the meantime, theyre beefing up their domestic economy. Do we have the ope endurance tht beijing has . Beijing has a stable leader and we have election cycles. I think the u. S. Is not in the advantage in this situation, given where we are with the u. S. Election coming up. So i think theyre going to use that i think to their advantage. Now, i am optimistic that were going to get some type of deal done because its in everybodys best interest. But i dont know if its going to be on our timeframe. Lauren how optimistic do you think investors are. This was a terrific week. But the month of august, all three major averages are down, first down month since may. When youre worried about things, are you more worried about china, are you more worried about the breakup of the European Union and brexit or the yield curve thats been inverlted or Something Else inverted or Something Else . I think investors are a little bit come play sent comple weve had 12 years of rises. You have one bad month as people freak out. Equity markets and bond markets have had a tremendous rally. I think its reasonable that markets go up and they go down. I think investors really need to position more for diversification because its not going to be a Straight Line up. And markets are at alltime highs, whether its credit spreads being near alltime tights or equities or bond markets. Lauren and the moves have been large. Theres volatility in the market. The thing to know is l volatility works on the way up as well as the way down. Lauren thank you for joining us. We know a thing or two about volatility, cheryl. Cheryl so much for a quiet summer, august. Well, the invitations are out. Apple has invited the media to a special event on september 10th. That is expected to be the day they unveil three new iphone models. Apple could also reveal new details for its streaming tv service, apple tv plus. Apple did make one announcement already. Theyre making phone repairs easier, now giving independent repair shops access to official iphone parts. They typically encourage people to go to the store or authorized Service Providers only, so a little more help if you need it out there. Lauren talking about volatility, were seeing triple digit gains in the right direction this morning. Dow up 139, half of 1 , other markets up about the same percentage wise. Coming up, former fbi director james comey declaring victory on twitter after the Inspector Generals report was released. Why he may not be out of the woods just yet. Nfl season is about to begin, so get comfy for the big game. Wouldnt it be great if someone paid you to do that, cheryl . Maybe they will. Weve got the details coming up on fbn a. M. Cheryl name your price. At synchrony, were changing whats possible every single day. With technology that helps you offer shoppers a better experience. Take your companys app. We can add in all sorts o