thanks for being with us tonight and good night from new lauren: it's 5:00 a.m. the stakes are high in jackson hole where jay powell is set to speak amid massive criticism. will the fed chair signal more rate cuts or keep his options open? cheryl: hong kong bracing for more he protests and a 20-mile long human chain. protesters joining hands across different districts to symbolize the 1988 soviet union protest that spread across those baltic states. lauren: a costly green new deal from bernie sanders. how his expensive push could impact you and your wallet. cheryl: and do you hope for a $50 living wage? what about a no tip vegan restaurant? how about a school where
everybody gets a ribbon. a classic board game is getting a socialist makeover. it's friday, august 23rd and "fbn: a.m." starts right now. ♪ ♪ don't listen to a word i say. ♪ the screams all sound the same. ♪ the truth may bury this. ♪ ship will carry our body safe to shore. lauren.cheryl: welcome to "fbn" good morning. i'm cheryl casone. lauren: good morning. happy friday. i'm lauren simonetti. cheryl: let's take a look at how your money is moving this morning as investors turn their you attention to fed chairman jay powell. later this morning, jackson hole, 10 am eastern time. the. laurenlauren: we've seen the y.
the 10 year is at 1.64% right now. cheryl: as tensions in iran continue, but supply a big story here in this country. it's been an interesting week for oil, especially with the dollar so strong. we're actually about flat right now, up two cents. lauren: three months of protests in hong kong, more set for today and this weekend. is that affecting the asian market? the hang seng gaining half of 1%, the shanghai also up half of 1%. cheryl: we've got green arrows across the board in europe this morning. lauren: the world is watching and that is the pressure on jay powell. president trump ramping up his attacks on the federal reserve chairman once again ahead of his highly anticipated speech later morning at the fed's annual summit. the president tweeted this, the economy's doing really well, the federal reserve can make it record-setting. the question that's being asked,
why are we paying much more in interest than germany and certain other countries? be early for a change, not late. let america win big, rather than just win. cheryl: investors are weighing different signs of a possible global economic slowdown as the u.s. prepares to ramp up tariffs in the trade war with china. september 1st is right around the corner. here is what white house economic advisor larry kudlow had to say about the economy last night. >> we don't believe in the recession talk. i think the economy's very strong. i think the consumers are leading it. i think we had a lull in manufacturing and business cap ex but the evidence is showing there's comeback. cheryl: be sure to watch "varney and co." this morning at 9:00 a.m. eastern time, they'll have all the breaking headlines from powell's speech. lauren: larry kudlow said americans could see more tax breaks ahead of the 2020
election. >> you might even see tax cuts 2.0, which would drive additional tax relief and create additional tax incentives for middle class folks, for blue collar workers, for small businesses. additional incentives, additional tax cuts. and you might see that during the campaign, to be perfectly honest. lauren: they're trying to keep the economy revving. kudlow said the white house is not looking for any near term tax cuts. cheryl: there could be a new tariff threat for us to deal with, this time on the united states and in particular u.s. tech companies over president trump's trade policies. european officials reportedly want a fund that would invest more than $100 billion in so-called high potential european companies. direct competition, folks. those firms would compete against tech giants like amazon, google, facebook, apple, even
microsoft. this 173 page plan also calls for potential tariffs on the united states and we've seen of course the eu go after several of our technology companies from a legal standpoint as well. lauren: conveniently the g-7 is this weekend. hong kong blohong kong protesteg have a human chain linking hands across the city. protesters are looking to recreate the demonstration that took place across three former soviet republics on this day back in 1989. 2 million people linked hands in a protest known as the baltic way in demand for independence from the soviet union. hong kong organizers are hoping to form a 20-mile human chain, scheduled to start in a couple of hours. cheryl: youtube shut down more than 200 channels it said are spreading dis information about the protests. this decision after the
suspension of hundreds of thousands of twitter and facebook accounts that were tied to the chinese government and those suspensions happened earlier in the week. lauren: patrick burn never shied away from controversy and his decision yesterday to resign as ceo of overstock.com is raising plenty of questions. he released a statement last week saying he had an affair with a russian spy. he followed up yesterday by saying he was becoming a distraction to his company. in a lengthy interview on bulls and bears, he claimed he received fishy orders from former fbi official peter strzok. >> i only figured out last time who sent me the request, it was peter strzok, on behalf of three officials, i'm just identifying now at x, y and z. they weren't named to me. i identified them to the law enforcement. i believe there's a massive
federal investigation that is going to turn up. there was political espionage conducted through a number of different venues against hillary clinton and against rubio cruz and trump. i know for a fact. i know other people who were involved. it was my honor to help the men in black then. it was the third time they came to me and i got some requests. i didn't know who the hell it came from. and it was fishy and three years later i'm watching television and i realize who it was. it was peter strzok and andy mccabe. lauren: he said he was leaving overstock in a perfect place and he is not getting chased out of his company. shares of overstock jumped 8% on the news he was resigning. cheryl: let's talk about hp's ceo dion wiseler, stepping down, we have learned. he said he had to leave over
family health reasons p. he's going to be replaced by enrique lorez who has been with the company for 30 years. he will take control november 1st, working with a transition period. lauren: tesla reportedly put together a covert operation last year to replace solar panel parts that could catch fire. it was called project titan. it would send crews to fix faulty panels. walmart said they got solar panels that recently burst into flames on the roofs of several of their stores. walmart is suing tesla over those fires. cheryl: let's talk about shares of boeing p. this stock got a big lift yesterday amid signs of the company's trouble 737 max, is returning toward a return to service. boeing's stock rose 4% after
reports said the faa could conduct a certification flielt flighflightfor the jet in four x weeks. that would be a huge milestone in their efforts to return the planes to service. the stock is up more than a dollar in the premarket, a gain of more than a quarter percent. lauren: it helped the dow yesterday. some other stocks we're watching this morning, sales force rallying in premarket trading by 6.3% after the company's revenue estimates for this current quarter and the full year topped the street expectations. earnings came in above forecast. and take a look at gap shares. this is the other direction. shares tumbling after the company's same store sales missed the street's estimate as old navy shares fell 5%. old navy was a bright spot for e gap. we will get the latest retail earnings from foot locker when they report later this morning. cheryl: well, switching gears, the probe into the death of jeffrey epstein and that you suicide continues.
lauren: tracee carrasco joins us with the details. good morning, tracee. tracee: 20 jail workers have been subpoenaed as officials investigate why he was left alone and unmonitored in his cell where he ended up killing himself. he epstein had been taken off suicide watch 11 days before his death and was supposed to be checked on by guards every 30 minutes. president trump is headed to the g-7 summit tonight where world leaders are gathering this weekend in france. the president will be joining leaders of britain, france, germany, italy, japan and canada. first on the agenda will be the global economy. the president has been touting the strength of the american economy as other economies suffer a slowdown. major league baseball players banned from playing in venezuela. the league is no longer allowing players to play in venezuelan professional baseball leagues during the off season. the move is in response to president trump's executive order to freeze all assets from the government of nicolas maduro and cut off transactions with
venezuela. and an nba star is awarded the presidential medal of freedom. basketball legend bob ksse received the nation's highest civilian honor. he played for the boston celtics from 1950 to 1963, won six nba championships and later went on to coach. the all-star told the president only in america could my story have been told. and that's what's happening now. lauren: i think he said i'm the luckiest sob. congratulations to him. cheryl: all eyes will be on jackson hole this morning and that speech, that address at the symposium, the fed symposium from jay powell. the s&p is up 12 and-a-half, nasdaq up 44 and three quarters. investors are looking for a rate cut in the september meeting from the fed. president trumpresident trump hn throwing down the gauntlet
against jay yo powell. do you think the fed chief will cave? we'll talk about it coming up. we have unclaimed funds from a nigerian prince, we need you to help us get that. how the government is looking to crack down on one of the oldest scams out there and the nonstop, annoying robocalls. keep it here on "fbn: a.m." ♪ four zero expense ratio index *7*7*78 ♪ maybe i'll win ♪ saved by zero
lauren: a new deal to help put an end to annoying robocalls, carriers including at&t, verizon, t-mobile and sprint are getting together with attorneys general from every state in the country, promising to prevent the calls from even ever getting on their networks and investigating where the calls are coming from. the agreement is voluntary. it does not have a deadline but hopefully a solution to so many of us out there. cheryl: the chairman of the federal reserve, jay powell, going to be in the spotlight today at the fed's annual symposium in jackson hole, wyoming. it really is all on powell's shoulders. todd horowitz is here. the market's really looking for a quarter point cut for the september meeting. are we going to get any blockbuster out of jay powell today that would change our minds? >> good morning, cheryl. you know, i think the market might be looking for a little bit more. i think with all the pressure
that president trump has been trying to put on jay powell, i think the street is looking for more. a quarter point was already basically baked into the cake as they say. so i think that they're looking for more and if they don't get more, you could see a little bit of a selloff. we've been sparking a higher high here and running almost on a daily basis. i think if he doesn't do better or doesn't indicate they're going to go at least three to four rate cuts over the next year, that could create some heartburn for some people. cheryl: we got the minutes this week and that showed that -- i mean, the language i think that we got from the minutes show that not everyone was on-board with cutting at all and a quarter point was actually a gift to the market. i'm wondering if market expectation% a little higher than what powell can actually deliver, especially today, when he knows that everyone's going to be listening to every word that he uses. >> i think typically the march he get does over-anticipate on the upside and they over-sell it
on the downside. i think you've got some over-anticipation. remember, cheryl also markets are extremely thin right now. it's the end of summer. there's not much going on. it takes very little to move these markets in a a big direction. i think for chair powell it may kind of he resist and not say things that might lead that they're going to cut more, just because he is supposed to be independent. that's always questionable whether the fed is independent or not. that is one of the big problems. again, that's an issue that's out there. cheryl: i disagree with you about a quiet summer. i think this summer's been anything but quiet. i point to larry kudlow and the president this week on multiple programs and in front of cameras and microphones talking about the idea of middle class tax cuts, payroll tax cut, capital gain tax adjustment, that's been back and forth. larry cu kudlow came out and sad ahead of the 2020 election, you will likely see, he said it on fox business, you will see a
middle class tax cut. the market i think would like something like that. >> i think the market would love that. how are they going to get it through congress? congress won't get away from trying to impeach the president, let alone do anything that would actually help the american people. congress is more worried about impeachment, not worried about running the government the way it's supposed to be run. there's so many issues that are preventing this president who really has the best interest and wants to go forward. cheryl: todd horowitz, it's going to be a big morning. we're going to be watching all of it on varne "varney and co.." thank you so much. lauren: the justice department indicted 80 individuals who are a accused of conducting a business e-mail scam. the e-mails allegedly came from the princess of nigeria. the nation has been a hot bed for e-mail fishing scams for years. 11 people were arrested yesterday. it is not clear whether the knee nigerian government will extradite the individuals in custody to the united states.
still ahead, a warning from hackers, why you may not want to shut your blu tooth -- why you t to shut off your blue tooth right now. and what happened when one guy tried to get rid of a wasp nest on his roof. pretty incredible video. keep it here on "fbn: a.m." ♪ i'm free. ♪ free falling. ♪ yeah, i'm free. ♪ our 18-year-old was in an accident. when i called usaa, it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family and we plan to be with usaa for life. see how much you can save with usaa insurance. see how much you can save dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world.
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go beyond the expected, to do the extraordinary. take your business beyond. cheryl: there may be too much radiation coming off your iphone. tests show the iphone 7 is putting out hour radio frequency radiation than is legally allowed. this is according to the chicago tribune. they're denying. they say the lab where the
phones were tested by the tribune doesn't run the same kind of tests as the tech giant does at its facility. unclear what kind of effect this exposure would have on you. if you want to keep your data secure, let's go back tour phone. you should probably turn your bluetooth off, the warning from hackers is out. they're saying someone can tap into your connection when you're using it to transfer data. if you're using it for music or audio the risk isn't that high. lauren: economists are warning about a a he slowing worldwide economy. the u.s.-china trade war not helping matters. and harvard university economist carmen rinehart said the unrest in hong kong could trigger a global recession. let's see if riley walters agrees. is hong kong the tipping point for a global recession? >> i mean, it's no surprise that regional and global economies are slowing down right now. whether hong kong could be the tipping point i think is a huge what if. there's a lot of what ifs around
hong kong right now. what if mainland china invades? what if protests continue for another year? a lot of what ifs. but if we look at the data, we are seeing a global slowdown right now. i think a lot of that hinges on the u.s. economy and what we're doing at home. lauren: okay. our data has been relatively positive, at least as it relates to the consumer. but yet this backdrop, and you were talking about all the what ifs in hong kong, but you have to admit that what's going on for three months now in hong kong is a bad look for beijing and how they respond, could that not affect any trade deal with the u.s.? >> i think the white house is going to try and separate any trade deal from the talks. now, i mean -- lauren: you think? >> in actuality, yes. when it comes to rhetoric and tweets, they tend to combine these things and doesn't really help but certainly as we progress with trade talks, they're not going to talk about hong kong, the future of hong kong, because it's not their
place. as things escalate in hong kong, that will have an effect on trade talks. but i'm not saying that they're going to try and combine the two. it's like saying we're going to negotiate our national security concerns away with our trade concerns. it's not realistic. but looking back at what the effect it is having on the u.s. economy and how that applies, certainly the congressional budget office just came out with a report saying that tariffs are harming the u.s. economy. it's a cost of $600 a year for the u.s. family. lauren: and they're hurting the chinese economy. bloomburg out with a survey and they found if there is retaliation next month by beijing when we slap import tariffs on chinese products, that could push the chinese economy to grow under 6%. it's the weakest growth there in 30 years. >> well, they've been growing -- they've been trending that way for a long time. there's a lot of questions about whether they are trending at 6% anyway. but yeah, of course. i mean, tariffs hurt everyone.
they hurt us when we apply them and when the chinese apply their own it hurts them. lauren: riley, not to interrupt, but i want to get a lot in. what could an immediate trade deal with china, what could that look like? >> i think what it could look like is a big question. i think what the effect it could have is be he very positive for both our economies, positive around the growing sentiment, growing uncertainty that's been building over the last two years that's been having a negative effect on both of our economies. lauren: which makes me wonder if we should just sign or agree to something and then figure it out from there. anyway, riley walters, thank you for your time. >> thank you. cheryl: tensions flairing over record wildfires in the amazon. brazil's president blaming the fires on environmental groups, seeking to embarrass him. the groups in turn blamed his support for farmers using the land for pasture. he also accused france's president of using fires for political gain after macron
called the fires an international crisis on twitter. this is important. the forest produces 20% of the world's oxygen and they have seen more than 74,000 fires this year alone. and then check this out. a man in alaska tumbled off his roof trying to get rid of a wasp nest. you can see the guy hit the nest with a a snow shovel, he's freaking out. he loses his balance. he fall toss the ground, goes down face-first. he is freaking out but he wasn't stung, he says. it's a great video and it's gone viral on the internet. lauren: i'm scared just watching it. let's take a look at how your money is doing this morning dow up 87, s&p up 11, nasdaq up 40 of course ahead of a speak by fed chair, jay powell. coming up, bernie sanders wants to save the world and he's ready to spend more than anyone else doing it. we're going to break down his green new deal and why he wants
oil executives criminally prosecuted. and tradeing in the race car for the hammer, how a classic board game is getting a socialist makeover. keep it here on "fbn: a.m." ♪ hip to be square. ♪ it's hip to be square. ♪ it's hip to be square. ♪ so hip to be square. ♪ um. you don't know my name, do you? (laughs nervously) of course i know your name. i just get you mixed up with the other guy. what's his name? what's your name? switch to geico®. you could save 15% or more on car insurance. could you just tell me? i want this to be over. 2,000 fence posts. 900 acres. 48 bales.
cheryl: as we close in on the next round of democratic debates, 13 candidates in san francisco today for the dnc summer meeting. skipping the meeting, joe biden, who is in new hampshire where the environment's become a big story. local voters blame climate change for economic problems they're dealing with. dnc's meeting temporarily interrupted yesterday by protesters that demand a debate centered solely on climate change. then enter bernie sanders. he unveiled a $16.3 trillion
green new deal, calling for a climate change national emergency, shifts the u.s. to renewable energy completely by 2050 and holds the fossil industry, fossil fuel industry accountable for what he calls criminal activity, he's talking about oil execs. let's bring in tiana lowe. good morning. >> good morning. cheryl: this green new deal by sanders, $200 billion, swears it will pay for itself. 20 million jobs. he also wants to give $200 billion -- i'm sorry, of the trillion, $60.3 trillion, $200 billion to help poor nations deal with climate change. yeah, let's give $200 billion to other countries. tiana, your reaction to this thing? >> i mean, this achieves the exact same nothing as alexandria ocasio-cortez's green new deal but at least it's $16 trillion as opposed to $93 trillion. you know, this is just another way to nationalize yet another industry, just in the same way that medicare for all would
nationalize one-fifth of the american economy via healthcare. this would nationalize the entire energy industry. it does less to ameal i don' toe problem of climate change than joe biden's proposal. it would call for a moratorium on the production of nuclear energy facilities. it doesn't discuss with china or india and it believes it can glean money from the existing energy industry that has fairly limited market cap. this cannot pay for itself under any economic logic. cheryl: he wants to go after oil executives and charge them with criminal activity, which i'm not even going to b honor that idea. that's gotten ridiculous. you brought up joe biden. he's in new hampshire. james freeman is talking about biden getting better, what we're seeing the biden campaign do,
first off, he's in new ha new he and he's going more for the moderate voter. he seems to be focused on electability. james freeman says that's a better strategy than bernie with $16.3 trillion with climate change. >> biden knows where his bread is buttered. he can't offend the unions and the working class. you don't get voters by talking about nationalizing the entire energy industry and by threatening to lock up executives. cheryl: when it comes to the healthcare plans that we've gotten from several candidates, whether it's bernie sanders or elizabeth warren or kamala harris, we're finding more and more that even likely democratic voters once they learn what medicare for all is, 80% say no thank you. we saw it happen in colorado back in 2016 and that was a
bernie sanders single pair healthcare plan. the democrats, i think this idea logical shift we're seeing is becoming heir apparent titanic in the middle of the dems. >> bernie woul, carving out a sl exception for unions, realizing he won't get the union vote and it undercuts the case for the medical for all. this is full benefits. he thinks we're going to have the profit and the revenue stream to continue the research and development that's carrying global medical advancements? we will not. cheryl: i will say, likely democratic voters, they're wising up to bernie sanders. you're seeing his numbers dropping. biden still holding steady and elizabeth warren gaining on biden. it's still fascinating to watch and a lot will happen in san francisco today. tiana lowe, thank you. lauren: a federal appeals court dealing a major blow to progressives, ruling that
presidential electors have the right to vote for the candidates of their choice. democrats have been trying to promote state law that's would force them to vote for the national popular vote winner instead. the system has come under fire most recently from he congresswoman alexandria ocasio-cortez. she called the electoral college a racist scam that needs to go. of course, she caught heat for that from american farmers. you won't collect 200 bucks for passing go in this monopoly game. the classic game of unbridled capitalism getting a socialist makeover. players can contribute to projects like no tip vegan restaurants and an all-winners school. the game even caught the eye of ted cruz who offered a few of his own suggestions on upcoming games. possibly a russia, ussr edition and east german edition.
cheryl: back to capitalism, the real business of your money and look at wall street this morning. dow up 85, we're pulling back a little bit but, again, we're going to be hearing from fed chairman powell today and investors are seemingly positive. you've got the s&p up 10 and-a-half, nasdaq up 38 and-a-half right now. you've heard about fake meat. now fake fish, fake eggs. there's a new trend that's catching on for your dog. the details coming up. and we have said this before. we're going to say it again. adulting is tough. but one school's got you covered. how you can learn to be an adult. you're watching "fbn: a.m.." ♪ teenage wasteland. ♪ always teenage wasteland. ♪ teenage wasteland. ♪ oh, yeah. ♪ teenage wasteland. le♪ with technology that helps you offer shoppers a better experience.
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cheryl: americans spent $30 billion a year on pet food. that's led to a bowl full of options for your dog. even the current plant based meat trend is going to the dogs. wild earth is launchin launching meat-free food, yes, for your pet. let's bring the man behind the innovative product. ryan joins us via skype. good morning. >> good morning, cheryl. cheryl: i know it's 2:40 in the morning in california. thank you for staying up or getting up, whatever happened. we have never seen pet food, dog
food, that's vegan based. i know that mark cuban is like the main backer behind your company. whose idea was this? >> so it was my idea. i kind of looked at the current dog food market and realized it was a mess. and so when i looked at the quality of the protein, it wasn't good protein. i thought is there a better way. i looked at a lot of the trends happening in the human food space with clean, high quality protein and decided to make wild earth pet. that was really the vision. so to make a high protein but clean protein made with plant based product. cheryl: you've got your critics that say that dogs in particular, they need animal protein and you've got blue buffalo, you've got other whole food meat based dog foods that are on the market. that's become a multibillion dollar market in and of itself. what do you say to critics that say a dog actually needs animal
protein. >> i basically say they need protein. it can come from animal based products, from plants, as long as you have the right amin amy o acids that make up proteins, that's what you need. we know what helps dogs survive and thrive and that's what we've added with our team of scientists and velle veterinari. cheryl: let's talk about the business itself. what are your goals and where can our viewers buy this if they're interested? are you going the online route? are you trying to cut deals with some of the pet food stores, petco, for instance? what's the plan and what's the pricing? >> pricing is -- we're $25 for a smaller bag, $65 for a larger bag. you can actually find us online, direct to consumer. we launched this week. we're available nationwide at wildearth.com, one word, wildearth.com. we will also retail in select outlets starting in september.
we have a distributor, we're distributing across the u.s. march cuban has been a huge help with that. he's an iconic entrepreneur across the u.s. and has helped us get up and running really quickly. cheryl: how did you get involved with mark cuban. i have to ask. how did this relationship start? >> it actually started on shark tank. cheryl: that's what i thought. >> a couple months ago i pitched mark and all the sharks. by the way, all the sharks ate our dog food and so this is part of -- this is part of the point of having really clean protein. it's something that i challenge the ceo of blue buffalo to eat their own dog food. i will and i have many times. will they? right. i think that's really what we're trying to get to. this is really clean. if you wouldn't eat it yourself, why would you feed it to your pet. cheryl: i love shark tank. that's one of the reasons i watch the shoasm good -- watch
the show. good luck. keep us posted. can't wait to see how the food performs. >> thank you. lauren: we do have breaking news. the kremlin says that putin, russian president vladimir putin, wants russian military to take exhaustive measures to prepare for a reciprocal response to the u.s. cruise missile test. putin also says he doesn't want russia to be drawn into an arms raise. we will continue to -- arms race. we will continue to monitor that story. strong storms right here in the northeast, will they ruin your weekend plans? senior meteorologist janice dean live in the fox weather center with the forecast. janice: hi, ladies. we had strong storms not only in new york city but parts of the mid-at lain particular, back through the -- mid-atlantic, back through plains states. lots of damaging wind reports and it's all because we have a cold front that's bringing temperature five to 10 degrees below average for parts of the great lakes and you can see it's kind of centered here and that's where we see the potential for
strong to severe storms again today across the high plains as well as the mid-atlantic region. there's your future radar. we could see a few stray showers in the new york city area this morning, then things clear out for a beautiful weekend. i must tell you, over the next saturday and sunday, temperatures will be in the 70s. also, real quick, area of concern we're watching the tropics off the southeast coast. happy friday, ladies. cheryl: janice dean in the weather center, janice, thank you. lauren: still ahead, robots are heading into space. we have details on a new bots mission into the final frontier. and fast food fight is getting cheesy. why kfc is throwing down with mcdonald's. be right back. ♪ everybody's got a 00. >> a hungryheart. ♪ everybody's got a hungry heart. ♪ you lay down your money ♪
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♪ cheryl: the future's here. rusrussia's space agency sent a life size robot to the united nations. it's part of the testing of a new rocket system. the robot will monitor and report on conditions during the flight. the movements of the robot are limited so it doesn't accidentally damage the aircraft. it will have artificial intelligence so it can act and move on its own. we shall see. lauren: we shall. let's get you caught up on global market action. wall street is seeking clarity from jay powell when he speaks in wyoming later this morning. they might not get it. futures still up, dow up 78, nasdaq tacking on 35 this morning. all three major averages up at least 1.2% this week. in europe, stocks also optimistic.
french president emmanuel macron will meet with the iranian foreign minister this morning on the eve of the g-7. what can they do to save the nuclear deal struck back in 2015? and the bond market has been on fire recently as investors weigh the odds of a global economic slowdown. we ask, has the bond market rally gone too far and we ask that to jane foley, the senior currency an lis analyst at rabo. what do you think. >> we have seen evidence that maybe it is. interestingly, we had a historic auction of german 30 year bonds with no coupon, no interest rate return. it didn't go too well. it did coincide with slightly better than expected economic data from germany that day. but really if the economy continues to deteriorate, i think bond yields can go further lower. lauren: we haven't bottomed out just yet. we have the g-7 upon us. president trump, jane, is poking at some of our european allies and now we have this report from
politico saying that europe is drafting plans to put tariffs on the u.s. to boost european tech giants. what do you make of it? >> well, i think there's a couple of stories here. the first is the technology story. yes, of course europe does lag the u.s. by long margin in terms of investment into technology. it makes sense for europe to want to try and pick up itself and do something more an that front. i don't think that's unusual. the more interesting story is about the tariffs. now, europe is worried that trump will turn his attention to europe and talk of more tariffs on european goods. that's a concern. the german economy is weakening significantly. they're trying to come up with plans, what will they do in reaction to what is connecte cot expecteexpected to be more trads on this front. lauren: have a a good weekend. thank you. cheryl: after a horrific shooting that shook the nation, walmart set to reopen its store in el paso, texas.
lauren: in a very different way. tracee carrasco has the details. tracee: the el paso walmart where the deadly shooting happened will reopen with a memorial to the victims. officials say the store will be renovated and have an area that pays tribute to the shooting which left 25 dead and 22 others injured. a spokesperson said reopening the store will be a testament to the strength and resiliency that characterized the community in the wake of the a august 3rd shooting. the store is expected to reopen in three to four months. dale earnhardt jr. announcing his return to racing. the nascar icon will be behind the wheel at nascar's race at darlington speedway on august 31st. this race just two weeks after dale jr. and his family survived a fiery plane crash. the 44-year-old had retired from full-time racing in 2017 and has moved into the tv booth as an analyst. hasbro adds peppa pig to its
lineup for a big price. it is a $4 billion deal, all cash. entertainment one is known as e-1, has a group of preschool brands including peppa pig. the deal brings with it content, film distribution and music operations. and the fast food wars continue. mcdonald's is looking to take on popeye's and wendy's with its own spicey chicken sandwich according to business insider. the spicey barbecue sandwich and tenders are expected to be released in september. and following chick-fil-a's introduction of macaroni and cheese to its 34e7 menu, kfc is stepping up its game, adding the macaroni and cheese bowl, available starting august 26t august 26th. lauren: i can't wait that long. that looks yo amazing. tracee: one week, that's all. lauren: three days. cheryl: we've got a lot more
coming up. do you sometimes feel like being an adult is hard? there's a school ready to help. we're going to explain. and you know, being an adult means you work hard, you get tired. well, you don't feel like doing the laundry, maybe. but guess what? a new study could change your mind on that. we'll be right back. ♪ i will wait, i will wait for you. ♪ okerage accounts. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero
♪ who's going to work for the working man, work for the working man. ♪ cheryl: would you believe that doing chores can actually be good for you? lauren: mike gunzelman joins us with more. are you good at chores? >> i'm terrible at chores. researchers found out that doing chores and just like low intensifies i call activity can actually make us live longer and it's actually really beneficial for our health. they looked at 6,000 people throughout the course of a good amount of years, five plus years and found that just about doing 24 minutes of this type of activity can help us live longer. so they say you don't have to go to the gym for an hour. they say it's important to get that out there. you don't just sweat bullets. you can do things like walk the dog, mow the lawn. they say cooking and just moving around is so much better and more beneficial than doing nothing. which is true, obviously. but i don't think people really think that oh, if i mow the lawn
that's going to be helpful. they say literally about 24 minutes or so can actually add years to your life. lauren: folding laundry? >> i don't know how to do that. i'm not good. lauren: a lot of kids don't know how to do stuff like that. you can learn in college, you apparently. >> i had mixed feelings on this but i think it's a good idea. university of california berkley is one of a lot of colleges adding classes on adulting. millennials and gen zers, we have no idea thousand be an adult. when i went to class i had to learn about philosophy and stuff. now they teach you about how to do your taxes, how to cook, pretty much thousand be an adult which -- pretty much how to be an adult which is practical and matter. lauren: the problem is the parents that aren't teaching the kids how to do those things. >> it's an entitlement society. in the past, parents would have taught this. now, we're clueless. cheryl: mitch rochell has two
sons in college and they had an hour-long conversation to learn how to use the laundry machines at school. they had no ideas. put the quarters in the machine to do laundry. lauren: they still use quarters in college. i would think it would be smartphone enabled. mike, thank you. >> happy friday,. cheryl: that's it for fbn:am. maria: happy friday, thanks for joining us. 23rd. what to it expect and what it means markets? china trade battle to deal with. the impact of u.s. restrictions is less than sears, telecom