It is thursday, september 26th and fbn a. M. Starts right now. I find the things, they just cant be found. Ill share this love i found with everyone. Well sing and dance. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Thank you for joining us. Im lauren simonetti. Cheryl lets take a look at how your money is doing this morning. Hopes of a trade deal with china helped the markets yesterday. Weve got green arrows to show you. This morning the dow is up 56, s p up 5 andahalf, nasdaq up 11 and a quarter. Lauren the yield on the 10 year treasury is at 1. 72 . Cheryl oil down slightly this morning. The price of crude getting close to where it was before the attack on the Saudi Arabian oilfield. We have a gain of 1 15cents. We should add that gas prices in the country are lower today. Lauren stocks in asia mixed. The shanghai composite in china down 0. 9 , investors taking profits off the table before trading is suspended next week. Cheryl as the brexit battle continues, the focus turns to global trade and possible global trade agreements. European markets all substantially higher this morning. Lauren the acting director of National Intelligence will testify today before congress, he will address the whistleblower complaints that ramped up the democrats efforts to impeach President Trump. Joseph mcgwire et threatened mco resign. Cheryl President Trump on the defensive over allegations he asked ukraines president to look into joe biden and his sons involvement in a ukraine company. In a 2018 letter in which they encouraged ukraines prosecutor general to cooperate with investigations in the mueller probe, we get the details from Kristina Partsinevolos here in new york. Reporter impeachment talks oversha he doughing much of the president s meetings on wednesday. He admitted he was willing to be transparent, not only about one but both phone calls with the president of the ukraine. He called on the democrats to be transparent about their visit to the ukraine. Listen in. They went there and wanted to force the new president to do things that they wanted under the form of political threat. They threatened him if he didnt do things. Now, thats what theyre accusing me of, but i didnt do it. I didnt threaten anybody. Reporter i was able to follow up with the president , ask specifically about usmca, should it not be ratified in congress and passed through congress, what would happen with nafta. That would be a shame. I dont want to answer that question but you know how i feel about nafta. I think nafta is the worse trade deal ever made. I think the world trade oranization was not one of the greats. Not one of the grates. Thathe greats. It was terrible. Were going to find out. Thats going to be a very interesting question. Reporter sticking the trade, much of the reaction we saw in the markets on wednesday was about china and the fact there could be progress with china, so we saw an uptick in nature gets. I asked the president what changed this time. I just think its progressing. I think they want to make a deal. Theyre losing their supply chain. Do you having specific. I dont want to say that. Reporter from impeachment to trade, all of those questions were answered here at the press conference. Lauren thank you very much. Amid the impeachment inquiry, the u. S. Signed a trade deal with japan, the worlds Third Largest economy. It covers agriculture, industrial and digital trade, not auto tariffs. Japanese automakers were hoping to see auto tariffs eliminated. They kept them at the current 2. 5 . The deal will open new markets for 7 billion in Agricultural Products going to japan. Cheryl there are growing concerns that the impeachment inquiry into the president could deraise congressional approval of the u. S. Trade agreement with canada and mexico. Lauren Edward Lawrence is in washington with details for us. Reporter good morning. The president joking about democrats, that the house may not have time to bring up usmca for a vote this year because of impeachment activities. Hes turning one of the democrats labels back at them. Listen. I dont think nancy pelosi will have time. Shes wasting her time on lets use a word they used to use a lot. A manufactured crisis. Remember when they came up with a word that nobody ever heard of. Every media group started using it. They said it was a manufactured crisis. Reporter on the usmca, the House Speaker met with the eight democrats in the working group. She said theres still concerns before they will go for a vote. We still have some issues with enforceability. We want to be as fair as possible to americas working family. Thats what drives our decision to go forward or not. Reporter a man negotiating with democrats say they have another meeting tomorrow and they have a legitimate concern. This should be a bipartisan bill, where there are wins for the president , the speaker and the democrats. Reporter on china, the president said a deal could be sooner than you think. The heads of the two trade teams are looking te tentatively at facetoface meetings on october tenth and 11t 11th. Lauren edward, thank you. The average cost of employer provided healthcare has passed 20,000 for a family plan. A new survey shows annual premiums jumped 5 this year to 20,576. On average, employers pay 70 of that and employees pay the rest. The survey indicates that more companies are shifting the share of premiums onto workers while raising the costs of copayments and deductibles. Cheryl we are going to see if wall street has the appetite for another unicorn. Peloton is going to go public today. They priced their initial Public Offering at 29 a share, the top end of the expected range. The ipo likely going to raise about 1. 2 billion and this now values peloton at 8. 1 billion. The stocks going to make its debut on the nasdaq. The ticker, pton. Lauren boeings board has created a Safety Committee following two deadly crashes of its 737 max jet. The committee will oversee the design and production of boeings products an services. The move comes as boeing faces intent regulatory scrutiny and lawsuits after 737 max planes went down in end knee that last october and indonesia last october and in oath ye ethiopian march. The ceo said he expects the 737 max will fly again by the end of the year. Cheryl the uaw strike against General Motors is not just affecting workers in General Motors, its also having an impact on customers and dealers. This strike has caused shortages of spots, delaying repairs for trucks, cars and suvs all over the country and dealers are starting to run low on some models. Heading into the 11th day of the strike, progress is being reported in negotiations between the two sides to end that walkout. Lauren facebook is facing yet another antitrust investigation. Cheryl weve got Tracee Carrasco with all the details this morning. Tracee good morning. Reports say the department of justice will open its own investigation, marking the fourth probe into the companys business practices. The doj joining the federal trade commission, a group of state attorneys general and the house judiciary committee. Reports say attorney general william boa barr called for the investigation. Match is being a accused of relying on fake accounts to entice new customers to buy subscriptions. Nearly 500,000 people signed up to match. Com after receiving communications from fake profile. They also own cupid and tinder and plenty of fish. Youtube says content from politicians will be allowed to stay posted even if it goes against the companys standards. This comes after facebook announced a similar policy this week. And amazons alexa a is getting a new voice. Now you can hear Samuel L Jackson and other celebrities tell you jokes, give you the Weather Forecast and play music. The upgrade will cost 99cents and will be available on new versions of echo devices. That is whats happening now. Lauren that is cool. Cheryl he can read me the weather. Lauren tell me a joke. Cheryl weve got green arrows to show you, all of this on optimism about a chinau. S. Trade deal and the remarks from the president yesterday. The s p is up 6, nasdaq higher by 13 andahalf. Still ahead, juul says it wont fight a trump administrations proposed ban on flavored ecigarettes. How families can cope with the damage already done by vaping. Then, as the trump economy booms, details on the role that craft beer has played in keeping the u. S. Going. You are watching fbn a. M. Doctor, doctor, give me the news. Ive got a bad case of loving you. No pills going to cure my ill. Ive got a bad case of loving. Loving you at fidelity, we believe your money should always be working harder. 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. Of the value youll find at fidelity. Im working to treat every car like i treat mine. Adp helps airtech automotive streamline payroll and hr, so welby torres can achieve what hes working for. Were changing whats possible every single day. And if you run a business, that means a lot. We create Financing Options for your customers. To help them get the things they love instantly. Our data provides insights into what your shoppers have already bought. So you can offer them what they might consider buying next. Our technology and Financial Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Cheryl President Trumps administration officially handed over the whistleblower complaint and the acting director of National Intelligence is set to testify before congress in just a few hours for what we can expect from all this, lets bring in our favorite attorney, david bruno. This is going to be interesting. Were diving once again into issues of National Intelligence in front of congress where nothing is kept secret. Absolutely. On the impeachment front. If he would have called me and asked me about that call, i would have said dont make the call and dont say that. Cheryl the language in the transcript, youre talking between President Trump and the ukrainian president. You knew the democrats wanted an impeachment so why give them an argument. But it was not a crime, what he did. We know that because of the mueller investigation. We had the report from mueller, look to page 188 when it talked about Campaign Finance law. In the trump tower meeting the problem was you couldnt put a value on information. Hillarys dirt could not be valued, it couldnt be a valuation. Here, its the same problem. Thats why the department of justice issued a statement yesterday saying that this is not Campaign Finance violation. But when we talk about impeachment, they dont need a crime. Its high crimes and missed me misdemeanors, very broad. Its essentially a political question. They may get to the 218 they need the house to send it to the senate for that hearing, it sounds from all the reporting yesterday that everybody is staying on party lines and if thats the case, they will not get that conviction in the t senate. Although they may get it in the house. Cheryl okay. Be careful what you ask for because thats going to its going to be dragged out, its going to go through the democratic primary. Cheryl lets talk about joseph mcgwires testimony today. With him, is there legal jeopardy for him, is there legal jeopardy for this whistleblower if it turns out that the president didnt do anything wrong . Im talking like longterm. But is there going to be legal problems for these two issues, mcgwire, i dont believe they have a rational basis, theyre making a legal argument that the president is outside of the National Intelligence agency and therefore that that triggering statute did not apply. So i think theres a basis there. But as far as the whistleblower no, he shouldnt be in trouble either. There was a basis as well, just based on that call. You can look at various different channels today and you will see two totally different opinions as to that call. So i dont think whistleblower could be in trouble. I dont think mcgwire should be in trouble either. Cheryl lets move from politics to business. Juul has been in the spotlight, its been a rough week for that company. A federal probe now, nine vaping related deaths and the families of these at least nine victims, if not more, that have been harmed by these ecigarettes im assuming are going to lawyer up and go after the company. Is there going to be any bones left to pick of juul when this is all said and done and do they deserve compensation . Probably. But is it juul responsible . I dont know. Because it could be aftermarket products. Theres a tremendous amount of attention coming to this and i think its important. Juuls ceo stepped down. Theres been problems over the last couple months with their possible misrepresentation during advertising and all kinds of Health Related issues to these ecigarettes. So thats going to be in the press, continuing, no doubt about that. But juuls a huge company and they made a lot of money. I dont know if these deaths and these issues are really going to wipe them out. Cheryl depends if the market wipes them out as well. David bruno, a lot to go through. Federal law could change to wipe them out too. Cheryl theyve got everyone after them right now. David, thank you so much. Lauren do you find sometimes you really dread going to work . A new report revealed companies shelled out billions of hours due to toxic workplace culture. One in five employees left a job in the past five years because of it and theres a price tag being put on it. Turnover rates Cost Companies 220 billion over the past five years. Who is to blame . Your boss. The report says managers often lack leadership skills to curb bad worker behavior in the office. Lets check in with futures this morning. All this impeachment talk lifting stocks. Futures building on yesterdays rally. The dow is up another 54 points in the premarket, nasdaq tacking on 11. Still ahead, President Trump says the u. S. Is close to a trade deal with china, just as a new deal with japan is signed. Could the impeachment inquiry undo all the president s work . And a daring heist at jfk airport in new york as thieves take off with, get this, hundreds of thousands of dollars cash cay. The incredible details coming up. Fbn a. M. Something big i feel it happening. Out of my control. Feel it in my bones. I mean, if you havent thought about switching to geico, frankly, youre missing out. Uh. The mobile app makes it easy to manage your policy, even way out here. Your marshmallows. Get digital id cards, emergency roadside service, even file a. Whoa. Whoa. Whoa. Whoa. Whoa. Whoa oops, that cheeky little thing got away from me. My bad. Geico. Its easy to manage your policy whenever, wherever. Can i trouble you for another marshmallow . [upbeat action music] pilot were going to be on the tarmac for another 45 minutes or so. That could allow hackers devices into your home. Ys and like all doors, theyre safer when locked. Thats why you need xfinity xfi. With the xfi gateway, devices connected to your homes wifi are protected. Which helps keep people outside from accessing your passwords, credit cards and cameras. And people inside from accidentally visiting sites that arent secure. And if someone trys well let you know. Xfi advanced security. If its connected, its protected. Lauren President Trump is opt mitts particular yesterday on reaching a trade deal with china. That triggered a rally on wall street. We picked up trillions of dollars and theyve lost trillions of dollars. And they want to make a deal very badly. It could happen. It could happen. It could happen. It could happen sooner than you think. Lauren sooner than you think. Jonathan owjonathan hoenig is h. This deal might come sooner. Jonathan, i want to know your thoughts about that. But is it going to be a smaller deal as a result . Quite simply, we do not know. The president has been on both sides of the issue, favoring at certain times a skinny deal and then being against a skinny deal. Its not like the end of the music man where the town was promised the marching band for months and it hasnt arrived. Well, where is the trade deal, this has been going on since january of 2018. Businesses big and small have been affected. There has been progress. Every time there looks like theres progress, the market seems to rally. Lauren its been going on for 15 months but something just changed and that is the impeachment inquiry the president is facing. Do you think because of that china changes their tactics and the president knows that, so President Trump might be more likely to sign a smaller deal . We are in unchartered territory when it comes to these impeachment proceedings. During the clinton era, the market went up, s p, 30 . During watergate the market had one of its worst bear markets in years. Were not talking about economic these days. This is total politics. Thats what makes it even more difficult for individual investors to navigate successfully in the market. Lauren im so glad you brought that up. Back in 1998, 1999 when we were talking about this with bill clinton an his impeachment the Broader Market went up 28 . Why do you think now investors are shrugging this off . If you want to compare this year with the watergate era, were more like the clinton era in that the economy at large is stronger. What we dont have now that we had back then is that internet explosion. During the clinton impeachment era, the nasdaq went up 60 . It was nos those internet its those internet names that were leading the charge. The market is better equipped to handle these impeachment proceedings than than they did during the nixon era. Lauren thank you very much for the time. Cheryl the california startup, impossible foods, is bringing the pretty good meatless patty to the east coast. 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