, the fed chair, the president's been going after china, raising tariffs on that country's exports to the u.s. beijing, of course, has retaliated. this weekend a new round of higher u.s. tariffs is due to go into effect, although this week president trump did say that the two sides were till talking, raising some hopes in financial markets that perhaps tariff increases by both sides might be averted. now, this trade battle continues to keep businesses on edge, but the president says it's essential to get china to change its unfair ways in the way it goes about doing business. some economists are worrying that the turbulence and the uncertainty could trigger a global recession. on top of that, there are fears about the larger strategic relationship between the u.s. and china. the world's two most dominant economies and, of course, geopolitical powers. so this week we'll be taking a deeper look at the u.s./china relationship. could all these tariff wars signal real economic pain to come for china and for the u.s., or might there now be a deal to be had where we can avoid those pains? an

>> breaking news. stocks in china rise as government dumbs circuit breakers. good morning the i'm lauren simonetti. nicole: good morning i'm nicole petallides. in the u.s. prices falling china's lead. nicole: oil prices moving off the 12 year lows. they're on the rise with china stocks as well. look at oil, 33.78. lauren: stocks and oil moving in the same direction this week. market chaos in china certainly becomes a political issue on the campaign trail. we'll tell you what candidates like donald trump had to say. nicole: we'll talk to gordon chang. he is the author of the coming collapse of china. is this just the beginning of the end? we'll hear reassuring words from charles schwab chief investment strategist liz ann sonders. live reports and analysis. we have you covered from beijing, new york, and chicago. fbam, your look at -- "fbn:am," your look at markets and breaking news, what to expect in the day ahead. mike ingram, market analyst at bgc partners joins us on the phone. mike what are you thinking now, after this crazy week? look, we're down 5% but up arrows this morning.

pledged liquidity guarantees that most of the china insurance regulatory commission rules on insurance and companies can invest in blue chip stocks, but nothing seems to be working. nothing seems to stop the bleeding for now. maria: brockway, do you think the government suffers to halt the trading of the comp names actually was a bad idea, actually worked against the situation? obviously it didn't help that i'm wondering if people thought that us know the quiddity and a reason to double down and sell. reporter: i actually do not think so. a lot of economists in china and traders think the government should actually close down the market altogether for a couple days for people to calm down and think about what they want to do going forward and give the government and policy makers more time to conjure up more solutions. the short answer is no. these come in is actually not a higher order for the government to hope their trading is voluntarily following to report to halt their trading. as of now it not a policy from beijing as these individuals are doing. maybe the government will shut d

here is what we got. the jay powell statement, presidential tweets on china trade. he leaves this afternoon for the g7. we're waiting for the other shoe to drop. what will we say this afternoon. time's up for me. connell mcshane, it's yours. connell: what a friday, stuart, what a friday. it is not over yet. we wait for more news to come. welcome to "cavuto: coast to coast." i'm connell mcshane filling in once again for neil. we have a selloff in wall street, as president trump lashes out at twitter and china, the fed chairman who he appointed fed chairman. hillary vaughn live at the white house today. hillary? reporter: connell, president trump promising to respond to china's retaliatory tariffs this afternoon. we don't know if that is reaction from the president, or include some action from the president in response to this we do have new reaction from him on twitter though. in a flurry of tweets in the last hour, the u.s. stupidly lost trillions of dollars to china. we don't need china. we would be far better off without them. president blasting the country for stealing from the

china and argentina. they will be getting together amidst the intensifying trade war. officials have been carefully downplaying expectations of any kind of a deal at the meeting. joining me now to discuss this and some other topics is larry summers. treasury secretary for president barack obama. larry, thank you very much indeed for being my first guest. thank you for being here. we are in the early stages of a cold war with china. >> i hope not. we might be. certainly on both sides the rhetoric and the actions are getting more and more confrontational. there is no reason why we need to have a cold war with china. the world can accommodate our defining, our greatness in china defining its greatness. unfortunately, right now, it, it looks very confrontational in both the economic realm and the security realm. >> treasury secretary. china entered -- president trump says china does not play fair. he said just this week in an interview i just want our country to be treated fairly. he has a point. >> sure. some of china's practices, intellectual property, problematic. stories about c

trillions of dollars of wealth to our economy. while china's economy continues to fall behind. to level the playing field for the american worker against unethical trade practices president trump levied tariffs on $250 billion in chinese goods in 2018 and earlier this year president announced we would place tariffs on another 300 billion of chinese goods if significant issues in our trading relationship were not resolved by december of this year. to protect intellectual property rights, the privacy of our citizens and our national security, we have taken strong steps to curtail illegal behavior of chinese companies like huawei and zte and we urged our allies around the world to build secure 5g networks that don't give bejing control of our most sensitive infrastructure and data as well. as we've grown stronger economically, president trump has always signed the largest increases in our national defense in more than a generation. $2.5 trillion of new investment in our national defense just in the last three years. we've made the strongest military in the history of the world stronger still.

moments, mike pillsbury is here to talk about the latest news on the u.s./china trade front. later, chief economist anthony chan talks about the latest jobs numbers and the impact, and the veteran ceo is here to talk about markets, give us his take on the 2020 election. but first, the markets scored this week on the news that the u.s. and china will resume stalled trade talks in washington in early october. the dow industrials jumped over 400 points on the news on thursday. it was a good week overall. meanwhile, china is feeling the effects, key imports from countries other than china have skyrocketed. while china is losing out bigtime, imports of advanced technology products fell by nearly $20 billion just since july. joining me right now with reaction to what a potential deal could look like is chinese strategy the expert mike pillsbury and, mike, it is great to have you. thank you so much for joining us. >> thank you, maria. maria: where do we stand? the u.s. and china have agreed to meet again with in early october. what are you expecting? >> well, as somebody who's been watchi

fight intensifying amid fears of a global economic slowdown. china allowed currency to go more than a 10-year low versus the dollar. major averages down near 3%. the dow down 766 points. we were down more than 950 point earlier in the session. i'm melissa francis. ashley: i'm ashley webster in for connell mcshane. this is the "after the bell." what an ugly day. we have fox team coverage. jackie deangelis at new york stock exchange and phil flynn at the cme. we begin with edward at the white house? reporter: ashley, bad news upon bad news when it comes to a trade deal with china. chinese commerce spokesperson confirming that china will no longer buy u.s. agriculture going forward until further notice. the chinese spokesperson saying that china is looking at rolling back the roll back of tariffs they were planning on suspending tariffs of u.s. agriculture coming into china there. they're now looking at suspending the suspension of that. now private firms are also following suit. they're also not buying u.s. agriculture in china. a spokesperson going on to say that the market, this affec

. >> maria: did china agree to take $200 billion out of -- to spend $200 billion on u.s. goods? >> well, we agreed with a frame framework for going forward that had a number of elements to it. it had some specific thoughts on specific products which we'll be trying to flush out and it covered lots of other things, the intellectual property, forced technology transfers, a whole gamut of things. but it's not a definitive agreement. it's a framework. >> maria: so are you saying that china then admits to intellectual property theft? >> i didn't say they admitted to anything. i said the issues we addressed were the ones that i just described. >> maria: right. because what i'm asking is, if they're not even admitting that they steal our intellectual property, how are they going to agree to have any changes? that is the issue, right, the theft of intellectual property and the forced transfer of technology. what about that framework addresses those things? >> the framework went into a number of potential legislative changes, very all-encompassing thing. for the moment it's at the 40,00

ordering companies looking to alternatives than china. the market ending 620 to the downside. funny to say 620 down. >> not the lows. connell: 682 there. the we'll see how we settle in off lows of the session. awful day, no matter how you slice it. melissa: that is weird. i'm melissa francis this is "after the bell." there we go. s&p 500 ending in negative territory. both down 3% on the day. fox business team coverage. gerri willis is on the floor of the new york stock exchange. edward lawrence where a lot of action was in jackson hole, wyoming where fed chief jerome powell was speaking earlier. phil flynn watching action in oil and gold from the the cme. hillary vaughn is at the white house. we'll start with you. reporter: white house trade advisor peter navarro was on fox business this morning. he said that china continues to pay the price in this trade fight but he also said later on fox news that we have more bullets in our gun than they do. he says china exports over $600 billion to the u.s. we export about 100 billion. so he thinks that the u.s. still is on top even though china has

china off-guard is unlikely. seems likely china would alert north korea. so, because they don't want to see the united states take out north korea and then move all the way to the border with china. so lots of different motives in the region of the best course of action for us right now, trish, is talk directly to the leader in north korea, face-to-face. no bellicose public statements. don't get the public alarmed. see him personally say, don't be doing this. you're bringing yourself to destruction because -- trish: are you criticizing what has been said? when you say don't be making public statements just curious? seems you want to get some kind of a message through. since you're not meeting with him, you need to let him know how serious this is? >> the best way to get the message through to meet with him personally, and there are ways to do that. that can be done. it was done in 1994. jimmy carter was sent over there. trish: that didn't work out so well. >> i was sitting in the white house sit room. it worked out well because we didn't bo to war with north korea. trish: now where w

by any substantive progress china and us held off on a full-blown trade war for now but at home was another year of divisive issues and rhetoric a hotly contested midterm election that almost perfectly catches the part of the divided nation and the democrats took the house by a comfortable margin while republicans increase their majority in the senate in the meantime fighting from the mueller investigation to the supreme court nomination to funding for the wall and the mexican border and a host of other issues where passions run hot even pulled out the lyrics of a popular christmas melody what will 2019 bring a have no idea but it's too much to hope for an outbreak of civility the least we could hope for continued american prosperity us expansion will be ten years old next summer making it the longest ever let's hope it lives to me 11 and bill beyond but what continues to define her life not talking about partisan politics but what worries me is between the leaders political corporate and courtroom one - - cultural elites and the people responsible for the so-called populism that el

on china. and his prediction on europe's election. steve bannon, he is here live, tonight, on trish regan primetime. and from europe, to china, to iran. president has a fresh warning for the iranians, if iran wants to fight, it will be quote the official end of that country, pete hegseth with intel from inside of the white house. >> and represent for guaido that man that free world recognizes at interim president of venezuela, americans' to know why the russians are plotting to take over the oil. man who restructured in modern history is joining me on why america first must be our motto in venezuela. big show. trish regan primetime begins right now. trish: he is public enemy number one as far as china is concern concerned. the man who identified and anticipated, looming threat posed to us. the united states by chinese mr. steve bannon, chief executive of donald trump's 2016 campaign and later chief strategist to president, has pounded china for its predatory economic policies, that must be corrected, china is launching its own attack on him, with chinese state tv declaring steve ban

china, china vowing retaliation. but the president insisting it will only make us stronger, fixing a problem that plagued american workers and industries for decades. china not the only nation feeling the heat. trump declared no one has been tougher and russia than he is, now issuing sanctions against dozens of russian companies. taking tough action where previous administrations failed, and the president putting american interests first. we are going to take it all up with ed rollins and gordon chang. growing outrage over the fbi and doj corruption. the department of justice failing still to turn over documents to congress on the clinton email probe, fisa abuse scandals and a whole lot more. alan dershowitz and chris farrell of judicial watch will join me next. we begin with our top story. president trump accusing china of taking advantage of this country. administration threatening china with $100 billion in tariffs in addition to the $350 billion already announced. john roberts has our report. >> tariffs against chinese and u.s. goods are months away from being implemented. the wi

. neil: absolutely. >> i'm charles payne. this is "making money." breaking out trade talks with china about to come to a head. in moments president trump meets the chinese vice premier at the white house. as new reports say there is partial agreement with beijing. the united states may be on the verge of a better economic relationship with china, america companies are doing big business there. they are doing big soul-searching. the moral cost should be the bottom line. if you're on social security, listen up. more money may be coming your way. will it outweigh the rising cost of everyday living? that and much more on "making money." ♪ charles: president trump set to meet face-to-face with the chinese vice premier in the oval office in less than 45 minutes. the markets rallying over reports that the u.s. achieve a partial agreement with china. here is deirdre bolton. reporter: the idea that the market is rallying or partial deal. two moving part i hear from our sources is most likely. the first, as of tuesday, october 15th, the u.s. had already cleared for to us put an additional 5%

the world. but when it comes to china it might be too late. >> what was the last time anyone saw us beating, let's say china in a trade deal? they kill us. i beat klei china all the time,m not saying they are stupid, i like china. charles: they are not stupid. as we head to think of the economy, china has amassed an army, engineers, largely educated in the united states, 2013-14 more than 274,000 chinese steunt students in amern universities. majoring in science, technology, and engineering and math. big paying money jobs. 758 thousand "high net worth" individuals with a collect of fortune 3. tat 8 trillion dolla. big news because china hopes to replace the dollar as world's currency, china does own $1.3 trillion of our debt. any day now, any day, china will complete the man-made islands, positions in pacific. here is the real deal they want to defend billions of gallons of oil in the south china sea, china, something to be reckoned with. we have a great panel, fresh faces, i am charles payne. you are watching "making money," let's meet investment pros, gordon chiang author of comes

china could be undermined by this issue flaring up. >> i don't want to undermine that progress, but someone here asked where was the outrage when our current president spoke with cuba's raul castro and when he reportedly spoke in secret with iran's leader rouhani. i'm david asman, welcome to "forbes on fox." let's go in focus to steve out with steve forbes, mike ozanian, john tamny and others. steve, i can't help but hear all the progress we made with china, what about the progress with the south china sea business, with trades, et cetera. i don't think it was bad, do you? >> no, and in fact it was a brilliant move by the way liberals love to deal with our enemies that's why they say it's bad to be a enemy of the u.s., worse to be an eye lie of the u.s. in this case what trump did was absolutely fabulous, he made it clear we're going to defend our interests in the south china sea, cyber security, barring our companies from having full selling rights in china especially if they're cutting edge and appoints terry branstad the new ambassador to client who knows president xi of china. i

money is at stake. president trump unleashes his twitter account and aims right at china. trade talks, he says, are moving too slowly so he's considering a big increase in tariffs, as of friday. there may be more later. he's not happy. he's taking a very hard line. he's backed xi jinping into a corner just as we thought a trade deal was imminent. >>> on wall street, the word is sell. investors do not like any sign that the trade talks are breaking down. we are waiting for china's formal response to that tariff threat. when we get it, the market's likely to move. as things stand, the dow will be down close to 500 points, about 470, to be precise, and the s&p down about 45. just look at the nasdaq. a really big selloff in progress there, might be down close to 2%. >>> wait for it. there's big news on other fronts as well. the aircraft carrier "uss abraham lincoln" with supporting ships plus a bomber group on their way to the middle east. there have been threats to american forces in the region. john bolton says quote, any attack on united states forces or those of our allies will be met

were added to the u.s. economy. investors shook off concerns about u.s.-china trade tensions and markets finished in the green for the week. treasury yield rose crossing a key level. the yield is a benchmark for mortgage and auto lending rates and it was driven higher due to a strong payroll report. the controversy is growing surrounding cbs's les moonves. six women say he made unwanted sexual advances towards them. some of the sexual harassment allegations date prior to his move to cbs. he's keeping his chairman and ceo role while the investigation is under way. the white house announcing thursday it plans to freeze anti-pollution and fuel efficiency regulations that were implemented in 2012. they force car makers to raise fuel sisht is to 54 -- rule efficiencies to 54 miles per hour by 2025. california says it will fight the decision. maria, back to you. maria: the markets are continuing to aftergait the threat of a trade dispute with china. i spoke with commerce secretary wilbur ross on my morning program thursday. i asked about the administration strategy. >> the reason for t

republican devin nunes. my special guest as we talk about china as well as what's happening with the fbi and doj. that is live to name eastern sunday morning. start smart every weekend. right here on fox business. work.ays in the fox business mornings with maria ayres 6 to 9 am eastern. we hope you'll join us here that will do it for us this weekend. thank you for joining me. i will see you next time.♪ ♪ have a great weekend ♪ everybody. ♪ [music] >> hello and welcome to the wall street journal at large. sometimes in politics as in life, it is a good idea to just get away. this week, president trump seems to be following the old adage. his exploit and fixer, michael cohen, made headlines telling a congressional committee in washington that his former boss was a treat, conmen and racist. mr. trump was about as far away as is possible traveling all the way to vietnam to meet with kim jong-un. the leader of north korea. now as it turned out he may well be that neither of the two events showtime in washington and the showdown in hanoi, what proved to have much consequence. we

understand what is going on? we don't know what kind of concessions president might make on china tim cook wants to see but i bet you trish regan will know very soon. i hey, trish. trish: i like the philosophical question. neil: i have no idea. trish: thanks, neil. apple ceo tim cook is sitting down with the president at this very moment. he is trying to convince our president to go easy on china. he obviously has his reasons doing that but are they in the interests of this country? i'm trish regan. welcome to "the intelligence report." the head of the world's most valuable company heading from silicon valley on trade tensions between u.s. and china. what he is trying to accomplish? does he want to change the president's policies on china. good luck with that. i will discuss with "wall street journal" greg ip straight ahead. president trump showing brand new diplomacy with his new pal president macron of france. mainstream media is certainly downplaying their relationship which is an important strategic relationship and instead all they want to do is refer to it as a bromance. i will

growth rates, and europe has gotten weaker, china has weakened as well and other latin american and other countries like canada and australia are now also getting more in the dovish camp as they see growth in inflation. it's not enough for the fed to cut that's going to get the dollar down, you need really the global economy to pick up to help both earnings and the translation that the dollar could provide. maria: i'm glad you mentioned that, but because i've been questioning whether or not these interest rates are going to move anything. will it really have, you know, a senate impact on the economy -- significant impact on the economy in terms of stimulation? >> we don't think so. you get diminishing returning, and you see that clearly if you look at the relationship between the interest rates and the savings rate. from 1980-2006 they both fell simultaneously. consumers borrowed more and more and more. when the fed was cutting in 1985, consumer credit was up 20%. in 1995 it was up 15 president -- 15%. today it's 4 or 5% and slowing, and we've seen the savings rate rise despite lowe

. russia and china have quietly merged and energized elements of their respected foreign policies that at first insinuates both countries into this hemisphere and second, establishes new relationships to directly challenge us policies and interests. russia in league with venezuela, china partnering with panama, a strengthening challenge to the world's only superpower and a challenge that can no longer be ignored without paying a heavy price. we take up the rising possibility of competition between the united states and china and russia in this hemisphere. gordon chang joins us tonight. also, tonight president trump continues his fight for american business and consumers demanding an end to china's unfair trade practices and theft of us technology and intellectual property. president trump: we cannot continue to lose $500 billion a year to china. i had a fantastic meeting with president xi and this was a four hour meeting where everything was agreed on and now if we could get it on paper that's another story but i think we will. we have great strength. no one has done what i've don

with me now. our bear, money matters senior advisor ken rafe. he says china, emerging market bring down global economy and therefore stocks. ken, for balance since the bulls one the day -- won the day, why do you think today is trap for equity investors. >> that is exactly what i think it is, if you look at since 1985, and look at 20 top best trading days since 1985, 100% of them have come in a bear market. three in 1987, two in 1998, five in 2000 and 10 in 2008. so you add this one to the list. i don't know what will happen next but 100% of those best trading days have been precursor for a bear market. if you look at all-time best trading days, going back to 1929, only one of them, may of 1948 was not in a bear market. so today's action in my mind, reconfirms that this is potentially a very bad bear market and a dead-cat bounce. deirdre: mark, as far as taking other side of the coin, what about in the argument that in every bull market there are some down days? >> well of course that is the side we come down on, deirdre. we were expecting correction as was everybody was of course.

this morning. the tit-for-tat. stock index futures are tumbling after china would impose additional shares on u.s. goods reuniting worries about a global trade war. taking a look at the dow did raise 389 points yesterday. a recovery rally getting all that back today. dow futures down one and two thirds of a percent. 396 down to the side. that's 120-point decline. s&p futures down 25 points. cheryl: let's look at asian markets right now. they are under pressure except for japan. this news broke overnight to china's going to fight back again. the latest u.s. terror spirit as you can see come to shanghai down a percentage. the kneecap fractionally. the hang seng taking a hit with kospi down 1.5%. breaking news just moments ago. reuters reporting china's finance minister is saying that chinese tariffs on u.s. soybeans reflect demand from chinese farmers in the united states must be resolved through negotiations. not changing the future story appeared >> let's take a look at european markets or syrup and at this hour. i was the first trading day of the week after easter. the second tradi

getting another salvo from china folks, that it is going to the world trade organization setting out a stream of grievances with the united states. did not name this country in particular but did refer to a number of appeals judges on wto, the world body that polices trade. says some of the national security tariffs on aluminum and steel have been counterproductive and have hurt the globe. this is upping the ante where china already, stuart indicated slapped $60 billion of u.s. goods with additional tariffs that could go up to 25%. in response to our doing the same last week. this tit-for-tat goes on and on. we have it covered with the dow down 576 points. edward lawrence outside of the white house whether there are any talks on part of two presidents of these countries to settle these grievances. deirdre bolton on the jolting going on at corner of wall and broad for stocks. last but not least, allen questrum, former jcpenney ceo. we begin with edward lawrence. what does it look like out there? reporter: china said on june 1st they will up the tariffs on $60 billion worth of goods we e

halt china's strategic thrust in our hemisphere. insisting on investing billions of dollars, building power and influence in central and southern america. and unfair trade practices and theft, just routine. it is no longer just about massive trade deficits with china, and its theft of trillions of dollars in u.s. technology. it is also very much about china's ambitions in our backyard. we take up that incursion into this hemisphere, the china trade talks and beijing's increasing regression with the former federal four-star general. in the hudson direct your for chinese strategy, michael pillsbury. radical dems and left-wing media screen for cover as they falsely accuse catholic high school students. a native american activist confronted those boys, their kentucky schools had to cancel classes due to threats the following that false reporting. outright lies. did social media moms target the boys because of their make america great hats? >> i think that is why they were targeted. i think they were also targeted for what they stood for witches, christianity, the right for life,

. on the east coast, new uncertainty over trade deal with china this morning, bay join reportedly casting doubt over long-term deal with the u.s., that headline alone sparked some selling on wall street, lower opening to the broader averages, s&p 500 closed at new record high, pulling back this morning 10 points, the dow industrials down 91 and nasdaq lower by 19, twitter takes a stand on political adds, social media giant banning political ads, shot at facebook as it faces backlash over its policy, moving coming as facebook reported earnings, the company posted better than expected results last night, rise in users, apple reporting a double beat last night, revenue up despite a decline in iphone sales, facebook shares up and nationals take world series, historic win yesterday, all the details coming up, mornings with maria begins right now. ♪ ♪ maria: big show this morning, fox business jackie deangelis, fox news contributor liz peek, former republican presidential candidate steve forbes, great to see everybody this morning. >> god to be with you. maria: lots to talk about to

weak number for the euro zone pair tennis or experts plunge 20 percent. last week, china's economy is also slowing down. the fed riveting and basically changing everything. now, not even expecting a rate hike this year. should we be worried about that? is it like a oops moment where they are saying this is worse than we thought, the slowdown? >> i actually think is positive. it shows that the fed is very attuned to the current state of the world. i think they were on a track that had been established in a pathway based on you know, rear looking statistics.i think the markets of the world gave a signal. and a lot of input coming from all over the place. the smartest people in the world don't know everything. they need input from outside. i think the fed very intelligently responded and adjusted their policy to the realities that the markets were indicating and i think that with the adjustment, look at what happened. stabilization in the market, the markets come back to where they were, your stabilization of things. i think exactly positive that the fed isn't in an ivory tower, they are

intense. the u.s. and china are so far apart on big issues, the u.s. wants to reduce its trade deficit with china by $200 billion by 2020. china wants the u.s. to back off on threatening tariffs on chinese goods of up to $150 billion and accusations of intel leg chuintellectual propen rife. as they continue negotiating, the meetings, a win. the u.s. delayed trade tariffs against canada, mexico and the eu for one more month in regards to steel and asylum. slum. aluminum. apple reporting 273 per share in earnings on revenue of $61.1 billion. iphone sells forlower than in the past. but the tech giant made up in its services and wearable businesses. apple announced it's planning a 100 billion-dollar share bayback program, the largest on record. some cite the tax reform bill as part of the reason. mcdonald's, home of the golden arches posted 179 per share on revenue of $5.14 billion. more chester bought premium priced items. even with positive earnings news from numerous companies, trade was rocky this week. the dow, the s&p 500 and the nasdaq finished mixed. mmaria, back to you. maria: sto

figure out if you're in a bubble when you're in it. i think this is coming from china. and, the thing that is happened in china always makes crises and panics worse when people don't feel like they can trust the numbers and they don't know what the real story is and what you had in china they have destroyed the information content of the market prices. government is just going to intervene. they will buy up a bunch stuff so you can't tell anything what is worth and official statistics can't be trusted and that is the type of environment that leads to wild swings as people get rumors, they get some information. we'll be down 1000. we're back up to down only 300. trish: you think this is rumorville today? people are just speculating? you don't think people are saying that there is a floor at some point they're getting back? you're nodding your head, chad morganlander, that rumors are fueling all this? >> i believe strongly this happens to do with a reset of global growth projections, reset of expectations over the long run of china's growth expectations. you have had tremendous amount o

. china's market plunges shutting down trading in 29 minutes. second shutdown this week. worries over china's currency and worsening the economy. good morning, i'm nicole petallides. >> lauren: and i'm lauren simonetti. the shanghai composite down over 7% once again today before trading was halted. that has dragged all asian stock market slightly lower. nikkei down 2%. worst start in new year in two decades. kospi down more than 1%, nicole. >> nicole: u.s. stock market futures getting hit hard. dow futures 380 to the downside, 2.2% and s&p futures down 46. >> lauren: other big story is the oil market right now, if you look at the quote, 32.94, so far down in double digits. we are looking at double digits this year. we will have the live reports from beijing, london, chicago. welcome to fbn:am, first look at what's moving in today's markets and what to expect on your day ahead. nicole kidman lets get back to the breaking news. globe market selloff is right now. we will go to tracy yu, good morning, tracy, what's behind the selloff in china? >> tracy: good morning to you, ladies, we had

which seemed quite positive about the china trade talks. he will meet with the china nice vice premier tomorrow. that is new. the market is boeing straight up. we're holding the gain. 220 points higher. we say good-bye from us. neil, it's yours. neil: all right. not too shabby. we're still up 222 points as stuart said here. maybe the kind nice talks was going to be one day, thursday, that's it. it could be extended into tomorrow. we do know the vice premier will meet with the president tomorrow. there are a lot of moving pieces. as well as commitment to buy more soybeans. the question, exactly how much more, edward lawrence following fast moving developments. reporter: any minute now the vice premier will come out for a break for lunch. this is the 13th round of face-to-face talks. going for three hours now. the president tweeting out saying that china wants a deal, but quote, do i? he goes on to say that he will meet with the vice premier in the oval office. there is lot of talk from sources that they could possibly cut this short. the chinese are trying to come home with some

my guest this weekend. i want to start in china. you've done so much in china from your scholars and investing. this weekend we have the president's key economic team going to china to meet with their counter part, stephen mnuchin is going with larry kudlow and mr. lighthouser. what can they accomplish? from they're starting a process. it's important to keep the expectations under realistic control. there is a lot of stuff that needs to be adjusted between the two countries. china has very high tariffs. basically makes it difficult for foreigners, including the united states, to export into china. they have restricted ability to invest in a lot of industries in china. they have difficult regulation standards and customs. they have some difficulties for us with protecting intellectual property. and so all of these are big issues and they're unbalanced. and they tend to be in favor strongly of china. and the u.s. government just wants to level the playing field so that companies can compete fairly. what's normal for a developing county is to have a number of these issues in place to al

president of china xi jinping as our guests in the united states. tremendous. secretary ross, thank you so much for joining us. i want to get to the meeting with the president of china in moment. but first let me begin with the syria strikes. you were in the situation room when the strikes took place, along with other members of the president's cabinet. tell us what went on while the launch was happening. >> city was obviously a very thrilling scene. it justifies all the inconveniences one puts up with going into government to be there when history was made. i believe the president did make history with his decision to take an action that was measured and very precise and seemingly has had a very beneficial effect already. maria: your colleague steven mnuchin said to expect more sanctions coming against syria. what would those look like? >> that's for the secretary of treasury to do. our job in commerce is to enforce sanctions. d.t.e., the second largest chinese telecommunications equipment manufacturer we nailed for violating the sanctions against iran and north korea and signed $1

chief financial officer in canada. news sparking fear about trade truce between the u.s. and china and the relationship getting worse. all this coming after tuesday's big selloff, major averages dropped better than 3% on the session, marks, of course, were closed yesterday for the funeral of president george h.w. bush, so this is the first time the market is opening after that sharp sell ah on tuesday. markets are down sharply this morning again. in europe major indices better than 2% across the board. 2 and a half percent lower on ft in london. in asia worst performer was hong kong, oil prices sliding ahead of the meeting amid uncertainty over production cut out of opec, we will bring you the headlines as the meeting has begun, round two for mary bara after explaining recent job-cut announcement to lawmakers. >> the industry is transforming and we need to make sure that general motors is around for next search decades, i have responsibility to stakeholders, folks retired from the company, investors, we want to make sure there's strong general motors that's ready to lead in transpo

with china. president trump with his trademark optimism remains confident china is ready to make a deal. >> i spoke to president xi recently. i really believe they want to make a deal. the tariffs have absolutely hurt china very badly but our country is taking in a lot of money through tariffs. a lot of money. a lot of tariffs. steel dumping tariffs and others. i think china wants to get it resolved. their economy is not doing well. they're down close to 38%. that's a lot. and i think that gives them a great incentive to negotiate. lou: this new round of trades talks come as tensions in the southed china sea escalate and the chinese complain strongly about u.s. patrols near disputed islands that the chinese have taken over. general jack keane with us on the latest on red storm rising. >>> and the white house may use executive privilege to block release of parts of the mueller witch hunt's final report. we'll tell you about that. but would the decision be wise? we'll take that up with sydney powell here tonight. >>> the top story, president trump to address the nation from the oval offic

china america won't stand down. it's not just about tariffs. it's about a whole lot more next. charles: vice president pence taking aim at china's aggressiveness in the south china sea. >> chain today's aggression was on display this week when a chinese naval vessel came within 45 yards of the u.s.s. decatur as it conducted freedom of navigation operations in the south china sea. force our ship to quickly maneuver to avoid collision. despite such reckless harassment, the united states navy will continue to fly, sail, and operate wherever international law allows and our national interests demands. we'll not be intimidated and we'll not stand down. charles: the vice president also took aim on the economic battle. joining us, gillian melchoir, juan meyer. we just interviewed congresswoman march happen blackburn. we did reach out to her opponent phil bredesen, but so far no response. juan, china is a bad actor in this world. >> the chinese chip manufacturer, how the chinese have been hacking into you. charles: we'll cover that later. amazon, am, they both have denied it. but we k

selloff as the president softens his tone towards china and white house officials express confidence that both sides will get to a deal here before things escalate into an all-out trade war. this is what we tried to caution everybody last week. sometimes the market gets ahead of itself. i'm trish regan. welcome to "the intelligence report." negotiations between the two largest economies has investors cheering big time right now. that doesn't mean the administration will let china off the hook. the president is insisting any deal with china must be fair, must be fair to us, the united states. china has been taking advantage of us. china has been taking advantage of american workers for too long, he says. he wants to address the trade imbalance right now before it gets any worse. we'll have details coming up. confusion in syria after a devastating chemical attack on civilians. the president condemning the attack just a few moments ago, calling it horrible and barbaric. what does that mean? he says we will respond. how will we respond. question have intel for you. joining me north carol

worthy. >>.>> well the trade war is on. the u.s. and china implementing $34 billion in tariffs and it looks like that may just be the start of it. steve hilton know as thing or two about international trade. he's here with his take >>> for calls to abolish i.c.e. the white house now launching a full scale defense of the immigration enforcement agency. tonight we have a guest that says the democrats pushing this agenda are backing a loser. >>> facebook cofounder wants to see a national guaranteed income. coming up, we have a guest who is worried socialism is on the rise here in the u.s. it's money and politics. we deliver the debate behind tomorrow's head lines. the evening edit starts right now. ♪ ♪ well, the stock market able to brush off the trade war fears today rallying on the strong jobs report, dow closing at 22,456. more on that in a minute the u.s. china trade war is on. trump administration saying it wants to protect jobs at home placing tariffs, 25% tariffs on boilers, x-ray machine components, airplane, tires, various other industrial parts and then china comes back

did in the west. at that point china could bully them. how can we make north korea feel comfortable and create an environment where they can securely determine their own future. charles: we know none of this is new. but there are if yo -- there ar. >> the north koreans do want sanctions relief. i think they have been unnerved by president trump's threats, and the chinese have been unnerved as well. the koreans don't like the chinese. this goes back a millennia. with regard to a country, that war between china and korea has moved hundreds of miles in both directions in the course of those 2,000 years. we don't have any territorial claims on south or north korea. charles: some form of u.s. military presence in south korea. >> moon jae-in the south korean president said kim jong-un said that. most of south koreans understand the only reason they are there with a vibrant, free society is because of the united states. charles: in your find what could a deal ultimately look like? >> president trump said repeatedly and mike pompeo said today the agreement will be about denuclearizing the k