They blame higher costs, they blame amazon for the competition in shipping, and of course, they are blaming china and the tra war, blaming the Global Economy as a whole. We have a huge show for you. Look at this lineup. Senator roger wicker will be grilling social Media Companies on the hill next hour but we have him first. Sarah Huckabee Sanders on that fiery Cory Lewandowski hearing. Martha maccallum on Elizabeth Warren getting grilled by Stephen Colbert. And tom brady and Dennis Rodman are on the show as well. Wow. What a lineup. All the big names are here. Im david asman in for stuart. Varney company starts right now. David we have some breaking news from President Trump. He just tweeted out quote, i have just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. Check oil, it is now trading after hours, remember, it came down tremendously yesterday, its still dropping. Now its under 59. Looks like its headed to 57 a barrel quite a difference from what happened on monday when it zoomed up as a result of those tensions in iran and saudi arabia, and it seems a though the president is going to tighten the sanctions, but it doesnt look like any military activity so that should bring the price down even more. First up, Congress Warning juul to produce documents or risk a subpoena. Deirdre bolton is here with the details. Deirdre thats right. The chairman of the house subcommittee on the economic and consumer policy sent a letter to the ecigarette company juul saying produce the documents that i asked you for in june or we are going to subpoena you. So you have until october 1st, basically, to get these documents together. List of schools that receive funding from juul to prevent teen vaping, this whole list is just saying show us that you are trying not to addict teens. Thats the bottom line. List of grants juul provided to prevent teen vaping. The contract between altria and juul. Altria owns 35 . Then just this limited list of skus that have been sold. Juul voluntarily stopped selling all flavors but a few. David capn crunch. Bubble gum flavor. Deirdre very difficult to say they werent trying to pull in teens. The fda issuing a warning saying get your packaging correct, meaning you cannot say this is safer than cigarettes. Get that off your packaging. If you dont, we will seize your products. We know the president pretty much banning all flavored vaping products. David great stuff. Thank you very much. Take a look at fed ex. The stock is way down this morning after reporting lower profits and its that forecast of the future that is really weighing on the company. Isnt that true . Ashley absolutely. When you cut your profit forecast, you lower your revenue expectations, you know its going to be a tough day on the stock market. Listen, this is a company thats spending more money to expand its services, when we talk about amazon, its just cut two major contracts with amazon that provided 900 million a year. The company instead aligning itself with amazons competitors, walmart and other companies, dicks sporting goods. They just did a contract with them. They are losing money in what they call the express unit, the unit that flies their packages as opposed to the ground unit. This was a very tough report from fed ex. Profits down, revenue down, the outlook also being lowered. They say eventually, they will turn it around. They also mentioned the trade war with china, saying theres less freight and packaging internationally because of whats going on between the u. S. And china. David what i love about this company is how honest they are. They are very forthright in their forecasting, even if it does damage to the company because they think their honesty is one of their biggest selling points. Got to hand it to them. Elizabeth warren appearing on steve colberts show last night, talking taxes but light on detail. Take a look. You keep being asked in the debates how are you going to pay for it, are you going to raise middle class taxes. Right. How are you going to pay for it . Are you going to raise the middle class taxes . So heres how we are going to do this. Costs are going to go up for the wealthiest americans, for big corporations taxes, what you mean bycost . Yeah. And hardworking middle class families are going to see their costs go down. Will their taxes go up . Heres the thing. Heres the thing. David but heres the thing. Liz peek is here with her interpretation that you simply cant pay for socialized medicine just by taxing the superrich. No, you cant. In fact, theres no question Bernie Sanders has said middle class taxes have to go up to pay for medicare for all but heres the problem liz warren has. It isnt Just Health Care shes spending the wealth money on, wealthy peoples money on, its also getting rid of student debt. Its also increasing Social Security payouts. She has like ten programs that are reaching into the pockets of wealthy people and corporations in america. The numbers dont add up. I think people need to press her on this. David just socialized medicine alone will cost 40 trillion to 50 trillion in ten years. Thats doubling the budget. That takes all this money out of the private sector, puts it in the hand of government bureaucrats and theyre going to be more efficient with it than the private sector . We know better. We know better. Heres the other problem she has. General motors workers right now are on strike. They are paying 3 for their health care cadillac benefits, best benefits in the country. Are those voters and those are typical of union workers, hundreds of millions of people across the country are happy with their insurance, are they really going to trade in what theyve got . 3 of the costs theyre paying for higher taxes and higher costs . No, theyre not going to. David liz, thank you very much. Stay with us. More from you later. Good vibrations on trade from white house economist larry kudlow, talking trade with a musical twist. Susan yeah, musical twist. This is after President Trump says that china is making good on their promises buying chinese farm goods once again. This is part, of course, of the low level discussions that are taking place in washington, d. C. This week which will set up these higher level discussions and larry kudlow sounding very positive when it comes to trade. Take a listen. Right now, i think theres a certain optimism in the wind and im an optimist. China has removed some of its trade barriers on agriculture. We welcome that. The u. S. Has postponed some of its actions as a good will response. A little music in the air. David music in the air. Susan music in the air. Well, look, the markets are calling for it and hopefully we will get something as President Trump says on his way to california, he says dont wait until after 2020, china, to sign this deal. David very quickly, is china worried about a usmca deal . Is that providing us with leverage for a china deal . Susan yes, that, and also the japanese deal as well. Remember . Thats right. David wasnt a complete package but part of one. Susan right. Dont forget, longtime adversaries and also probably the pivot in the asiapacific. David General Mills sales falling short and chewy lost more money. Take a look at General Mills. Its down and chewy is down as well, about 2. 5 down. Take a look at oil. Again, theres positive news that can be viewed as positive news. I should put it that way, from the president this morning tweeting out he will increase sanctions on iran but mentioning nothing about any military activity and that is bringing oil down even more. Gold is down a little as well. Check gm as the strike enters day three. Premarket, its unchanged. Grady trimble joining us live from detroit for the very latest. Any movement at all . Reporter we did get some reports that there might have been some progress yesterday, but these conversations going on behind closed doors so its hard to say. This strike, though, officially lasting longer than the last one which was in 2007. That one only lasted two days. We did learn yesterday, though, that gm has stopped paying for Health Care Coverage for striking workers which is forcing the union to pick up the tab, or at least some of it. The union does have money set aside for situations like this but they are also doling out 250 a week for striking workers so the question is how long can they last. Thats also the question for gm, who, according to some analysts, stands to lose up to 100 million every single day this goes on, and here we are in day three which means three days of no vehicles being produced out of this plant in detroit as well as dozens of other plants across the country. Right now, its just a battle of will as to who can withstand this strike longer. David keep us updated. We will go back to you throughout the morning on fox business. Thank you very much. Lets check the futures. Down, but not by much. Everyone is waiting on what the fed does. Believe it or not, it was a month ago there was a zero chance of no rate hikes. Today its a 41 chance that they wont do anything. There wont b even a 25 basis point cut in rates. The market is waiting on that. You Better Believe if theres no rate cut, you will see a drop further than what it is now. Everybody is on hold until that happens. More turmoil for wework. Hours after delaying its planned ipo, a top real estate exec at the company is out. Were on it. Former Trump Campaign manager Cory Lewandowski, did you see that, ripping into House Democrats during an impeachment probe on capitol hill. Sarah sanders is coming up later this hour on that one. You dont want to miss it. Top execs from google, facebook, twitter, they will all be there sitting in the hot seat on capitol hill. Senators want to know what theyre doing to combat hate and extremism online. Senator roger wicker up next on that. Varney company just getting started. Car insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. [upbeat action music] pilot re gog to be on the tarc for another 45 minutes or so. David checking roku and netflix, they are both down after comcast announced they are going to be providing free streaming to internet only customers. It takes away some of their market share. A new poll has new york city mayor bill de blasio with zero, 0 support for his president ial bid in new york city. You might think that the mayor of new york city would have more than zero support for his run for president. No . No, you would not. Not if you live in new york. Honestly, i think he has done one good thing in new york. I actually believe in prek. I think its good they got that done. Everything else david one out of 1,000 is good. Everything else about the city is in a shambles and theres no plan, no oversight, no hiring of good people who can manage a city. Look, being a mayor is all about being responsive to local problems. Hes not responsive. He could care less. David hes not here. Iowa, for heavens sake, where nobody wants him, no one recognizes him, trying to run for president. David even among liberal democrats you talk to in manhattan, the guy has very little support. Very hard to find anybodys support because the subways are terrible, the streets are dirtier. Its a disaster. David it is not a good situation. All right. We always go through these periods, then we rise again. It will come back up. Plantbased protein is gaining in popularity but its not just meat substitutes that are on the rise. How about plantbased tuna substitutes . Joining us is the founder of tuno and former Bumblebee Tuna executives. Great to see you. Why would you want phony fish when real fish is supposed to be good for you . Well, its not really phony fish. Its plantbased protein. Its an alternative that was created many many years ago in order to address the david forgive me for interrupting but its not real fish. Thats what i mean when i say phony fish. Its not real fish. Theres no fish oil in it. Its substitutes, correct . It is an alternative, not necessarily a substitute. But it can be used as a substitute in the processing, yes. David forgive me for being specific here but the words have meaning. Again, the question is, if you are eating fish, some people say it actually makes you more healthy so why would you want to switch to a fish substitute, to use your word, rather than just eating the fish . Its being able to create a product thats going to be a more global application, not just for ourselves as we go towards the future. Its an alternative protein source. Its got application, of course, as any tuna product or other products we have in the product line. David in other words, its not so much focused towards keeping you healthier as much as it is towards the environmental concerns, am i right . Well, its environmental, its a healthier product. Its the healthiest product as far as plantbased protein. We tried to create a product thats clean label, its got dha component of omega3, because we add seaweed to it, algae oil, its all natural plantbased protein. David liz peek wants to know does it smell like tuna . I hope not. We tried to create a product didnt have the same, that particular type of attribute. David what do your friends at bumblebee think of what youre doing . Oh, theres a pause there. Go ahead. Im still in the seafood business. Of course, i catch a lost commentary for it but some of them are actually appreciative of what we are trying to accomplish here because the oceans are pretty well, they are under some stress on the global side of it. Its being able to develop an alternative. Again, its not just necessarily for the tuna lovers out there as it is for the new people coming into the david i get you. Its great to see new enterprises and you are charting new territory. All the best to you. Thanks very much for being here. Appreciate it. Take a look at futures. They are down but again, everybodys waiting on what the fed does at 2 00 p. M. Today. We should get an idea of whether or not they are going to lower rates at all. There is now a 41 chance among investors that there will be no rate cut. Can you imagine the tweets from the president if that happens, not to mention the reaction by the markets if that happens. You can bet its going to go down from 26 to the negative if we dont have any rate cuts. But again, most people believe there will be a 25 basis point cut. Still, that number was zero just a month ago, people who thought there would be no rate cut. Now its 41 . Have you ever wanted to work out like tom brady . Now is your chance. Hes opening up a new gym in boston. We have a sneak preview for you. Plus, we are going to be talking to the star himself at 11 00 a. M. Right here on varney company. Well be right back. Mom youve o get yourself a new car. I wish i could save faster. Youre making good choices. Youll get there. Were you going to tell me about this . I know i cant afford to go. I still have this car so you can afford to go. I am so proud of you. Thanks. Principal. 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David the big tech names we talk about every day are back on capitol hill, this time for a hearing on extremism and mass violence. Joining us is senator roger wicker, who chairs the committee hosting the hearing. So what are you going to be asking them, senator . Well, we have executives from google, facebook and twitter and also, we have a witness from the an Antidefamation League to talk about what theyre doing, what they see on social media. This is part of a coordinated response of three committees after the recent spate of gun violence in august. Judiciary will be looking at gun sales, well be looking at another committee on Mental Health issues, but today, its about the social media platforms, what they found to be successful, what else needs to be done, and also some advice from an outside group on where they think we ought to be going on this. David a lot of folks are suspicious when politicians Start Talking about extremism online because it all depends on your perspective. I mean, somebodys extremism may be another persons moderate, you know what im saying