conflicted as is bob mueller. lou: and bob mueller one hopes will take the hint. >> he'll never do it. lou: thanks for being here but >> investors all around the world saying with their dollars that this is not good for growth. lauren: breaking news this morning, fares of global trade war sink stocks across the board. we might be looking a selloff today. >> u.s. stock market futures, well, they've been volatile up and down overnight. down as much as 200 this morning. now down 113 points as we get started today, big day for the markets, i should say the nasdaq down almost a percent right now. lauren: all right, this is all after we saw 724-point selloff for the dow yesterday that was

about 3%, of course, after president trump slammed 150 billion in tariffs of chinese goods. >> down 1.5%, the dax german index. lauren: in asia, this is where things got really ugly. check out the nikkei in japan, 4 and a half decline. in china, down 3 and a half percent and kospi in south korea down 3% even though the country was exempt from steel and aluminum tariff. >> ouch. john bolton replaces h.r. mcmaster as national security adviser. lauren: in snait, late-night congress for you, reverse government shutdown. are you ready for all the news this morning? fbn:am starts right now.

>> 5:01 a.m. in new york march 23rd, along for a ride on big market day, good morning, i'm gerri willis. lauren: thank you so much for joining us. i don't know where to begin with all the news. >> so much news. lauren: we will start with what happened overnight, china warning it might retaliate after the trump administration announced at least 50 billion-dollar in trade sanctions against beijing. china says $3 billion in u.s. goods, pork, aluminum and steel pipes, fruit and wine could be subject to tariffs of as much as 25%. the list does not include u.s. farm products for now like soybeans. >> could be negotiated a little later. >> president trump says that trade with china must be

addressed. >> the largest deficit of any country in the history of our world. it's out of control. >> u.s. tariffs against steel and aluminum products are set to take effect today. however, some countries including china -- canada, méxico and eu member countries have been granted temporary exceptions, lauren. lauren: you can see futures are down pretty sharply right here in the u.s., down 100, it was down 200 earlier but this is a volatile market. s&p futures down by 8 points, nasdaq futures down by 47 and quite honestly for the month of march, this could be the worst performer for the dow in 17 years. david nelson, chief strategists, sean ohara, good morning, gentlemen, what a day. start with you, sean, what

exactly is affecting the markets today because it seems like there's a perfect storm of events? >> i think it's a combination of things, i think that the ongoing political turmoil between trump administration and the -- and mueller combined with the budget that seems, you know, out of control, $1.3 trillion spending bill that gets signed last night. that's weighing on the markets, facebook story, anemic story and i think part of it is just normal cycle stuff, i mean, stock markets go through corrections, this is a correction. i think we all felt really great when the correction lasted only six days but that's not really what is a normal correction looks like. they usually last longer than that. those that we think the lows before the correction is

actually over. lauren: a lot of people like to say that the economies are strong, can stocks selloff when economy and earnings are strong, obviously, yes, that's what we are seeing right now but how far can they -- how bad is this going to get? >> sure, in the short run, you're correct, stocks can go down and the economy is strong, all the things you pointed to, in the end, stocks will certainly follow earnings, i'm encouraged this morning a little bit, i look at the china's response, pretty measured response at this point, none of the big ticket items, no ag, heavy machinery, this is their first stage, you know, first response to ours, but make no mistake, lauren, china on almost every level geopolitical, economic they are adversary dealing with xi for life.

>> do you think that u.s. businesses rethink strategies with china as china is a major customer for so many goods, i'm looking at nike, 15% of renew comes from china. starbucks, 14%. 3m, 10%, do you think big multinationals like this are going to rethink their china strategy? >> they will be forced to. i think what everybody is missing in this whole thing is none of this affects the tax policy and the regulatory policy that have been acted -- enacted, those will have positive effect on earnings. where this potentially affect it is u.s. consumer in higher prices, if you're an investor and you're looking to trade, if you will, rearrange portfolio given what's going on with some uncertainty on trade, perhaps what you should be doing not looking at multinationals but

looking at smaller and mid-caps because they have sales come outside from u.s. this is an opportunity to take a look at portfolio and make determination have i gotten big large cap multinational names that have run really well here and i should be started to think about reallocating to small and mid-cap names and small and mid-cap have not done as well as as big names. lauren: interesting how steel and aluminum stocks got hit by as much as 15% yesterday even though tariffs were expect today help them. >> you know, lauren, i would weigh in here and say the following, trump often comes out with over the top bombastic, all-in trade war type sanction but slowly but surely walks back to center and the line of sand starts to move closer to his framework. he's already negotiating with

europe, canada and méxico, perhaps they could form a coalition because china in the end, that's really the big cahona and that's where we need to focus. lauren: beijing versus washington, david and sean, thank you so much for getting up with us, happy weekend. >> you too. >> thank you very much. >> senate approving a $1.3 trillion deal, yeah, that happened. >> the yeas are 65, the nays are 32. the motion to concur is agreed to. >> 24 republicans led by legislation led by senator rand paul. sound familiar? the legislation would lift military spending by $80 billion this year in domestic programs by 63 billion, in fact, wall street journal calling it a budget blow-out, it also includes, of course,

$1.6 billion for border wall, the bill now goes for the president for signature. lauren: al late yesterday we got more news that moved markets, former u.s. ambassador john bolton is replacing general h.r. mcmaster as the white house national security adviser, this is what the president tweeted, quote, i am please today announce that effective april 9th, ambassador john bolton would be my new national security adviser, i'm thankful for service of h.r. mcmaster who has done outstanding job and will always remain my friend, there will be a official contact over on 4/9. ambassador bolton was on mccallum and said he has two critical rules. >> making sure that the president has full range of options present today him to make the decisions that only the president can make, the other side of the coin is when the president makes a decision, the

national security adviser is among others but certainly one of the leading implementors of the decision. lauren: he assigned with the president on iran and north korea. latest staff shake-up comes after the president announced as secretary of state rex tillerson essentially fired by a twitter last week. >> a lot going on. lauren: we didn't get to the legal team changes. >> 18 turn others in the administration. lauren: that's it? >> yeah. stock market futures as you can see pointing to more selling at the open, the dow looks like it's going to open down half percent down 22 points. stay with us. [fbi agent] you're a brave man, mr. stevens.

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and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-you still just thinking about your a1c? well no, i'm also thinking about my heart. now it's your turn to ask the serious questions. ask your doctor about jardiance. and get to the heart of what matters. lauren: happy friday, let's get you caught up with what's the global market is doing. 1% across europe. eu is exempt from steel and aluminum tariffs until may first and in the u.s. stocks down for day number three, dow futures down 139 points, nasdaq futures down by 56. girri. >> china says will retaliate if

president trump goes through with plans to impose tariffs of 50 billion in chinese goods. and proven today, additional duties on up to 3 billion in u.s. import in response to tariffs trump announced earlier this month on steel and aluminum. in light of this, can a trade war will be everted, let's bring michael barns, former adviser to president george w. bush, great to have you. >> good morning, gerri. >> we say 50 billion in chinese goods, china says, 3 billion in select set of goods which are surprising, they don't go after some of our biggest products that are sold over there, what does it tell you about the state of play here? >> that there's no chance that this is going to escalate into a war. this means basically that both sides are taken a position of measured approach to dealing with issues that have long been problematic for the u.s. as the president said last night with trade imbalance, the president has given china an opportunity to propose how to reduce the

imbalance and bring america back into greater balance with china in terms of trade, this indicate that is we are at the beginning now of negotiating stance that's going to result in improvement for american companies and businesses. >> the president has talked about how important it is to reset those expectations, right, and he said something interesting yesterday about reciprocal. >> the word is reciprocal. that's the word i want everybody to remember. we want reciprocal. some people call it a mirror tariff or a mirror tax, just use the word reciprocal. if they charge us, we charge them the same thing. that's the way it has to be. >> china by -- buy 60% of soybeans, you know their position on treasuries, they are

the biggest buyer of treasuries as well. it seems to me, you talk about resitrocity, what do you say about that? >> ultimately lands in a moderating position that improves the u.s. stance overall, i actually think that we are at a point where the chinese government is subsidizing industries, making unfair approach as what we see talk about free trade. it's not free when you have government that's intervening, not fair in u.s. stance as well. the president is very smart to raise this issue and for the first time ever really try to begin a negotiation in favor of the u.s. with china and frankly the other partners that we are renegotiating around may and steel, argentina, australia, canada, méxico, this is a great move that puts america's

communities and workers first. >> puts them first but not every economist agrees, most notably larry kudlow. how do you think he's going to, you know, integrate himself into this policy? what role would he play once he gets into the white house? >> well, that's a big discussion that's in this administration, what advisers do as we heard about this week and advisers have said the president don't say certain things. well, the president is the one who makes policy and receives advise from advisers who but they are not dictating to the president what he believes and what he does. >> no, thanks for coming on the show, thank you. >> thank you. lauren: let's take another look at u.s. stock market futures, selloff intensifying, dow down 148 points. i bring up nasdaq because tech is not acting very tech this

week. we usually see tech stocks recover pretty fast but this time around, this hasn't happened at least not yet. facebook shares are turning awful weekly performance and seems mark zuckerberg's apology for sharing personal data isn't cutting with investors or users. >> hillary vaughn joins with news and more, hey, hillary. >> maybe too late for mark zuckerberg to say sorry because wall street is reeling from facebook's data scandal even though the ceo said sorry and apologized, facebook stock continues to take a hit. facebook shares down 2.7% yesterday at the close. that's down 15% from its high in 2018 so far. >> so painful for facebook investors, let me tell you, could be good news coming up, dropbox settling in ipo price

and pretty rich. >> investors are feeling the dropbox ipo, dropping public shares to $21, second hike for the second, set range 18 to $20 when it first met with investors last week. the bump-up for the stock shows strong demand among investors, shares started trading today. lauren: big tech is suffering right now but the unicorns might be doing okay as trading begin for the nasdaq for dropbox. toys"r"us, where do we begin with the company this morning? >> a lot of shoppers not thrilled because they were in for a surprise when they showed up yesterday, two stores ready to shop the liquidation sales that they were promised, they were supposed to begin yesterday, shoppers were told that those were postponed and toys"r"us apologizing for confusion and hope to go begin slashing prices for shoppers today but toys"r"us may have a

lifelong on their hands, unbillion investor and toy maker is trying to save the company, isaac of igm entertainment partnered with other investors and raised $200 million towards efforts to revive the company and set up a gofundme page. he's using the #save toys toys"s to spread the word of the funding campaign and is also in some sad news for the company as well, the beloved toy maker and founder passed away yesterday, he was 94 year's old. >> he saw the company go through the entire change, from beginning to middle to end, so many people love that stock and that company, hillary, thank you so much for your report. >> thank you. lauren: all right, coming up, we will take another look at the stock market today, it's been an awful week and awful month for investors, dow futures are now down by more than half of 1%.

we are also going to go to london the get a look at how european markets are reacting to potential global trade war and if they are breathing a sigh of a leaf because they are exempt from some of the tariffs for now. today, a focus on innovation in the southern tier is helping build the new new york. starting with advanced manufacturing that brings big ideas to life. and cutting-edge transportation development to connect those ideas to the world. along with urban redevelopment projects worthy of the world's top talent. all across new york state, we're building the new new york. to grow your business with us in new york state visit esd.ny.gov.

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>> keeping an eye on your money here, u.s. futures poised to open lower here, the dow would be down 170 points, 168, down full percentage points but the nasdaq taking the worst hit, may only be 64 but that's almost a full percentage point. lauren: yeah, untbleeivel we are off the louse to have earlier morning. let's check out because european

stocks trading sharply lower on protectionist america and global trade war. scott shellady joins us now. happy friday, scott. >> the markets don't like uncertainty. i mean, it's just not fair. i would say a trade war is not right but how about a common sensical is what i would say. the u.s. loses $200 billion a year to intellectual property rights to china, $200 billion a year and china invests

100 billion, that's not fair either. lauren: reciprocal. >> get everybody to the table, we might have a little bit of short-term pain here but definitely going to be for long-term gain. lauren: we are seeing especially in france and germany, the markets down nearly 2% even though the eu plus six other nations are exempt from the steel and aluminum tariff which is do go into effect today, they are exempt until may the first. so why such a steep selloff in europe? >> doesn't take a lot anymore because of rise in asset prices, europe is still printing cash with their quantitative easing program. the marks are jittery looking for any reason to take profits off the table and that's a lot of what the european move is all about even though they will not get caught up in the cross hairs between the battle of china and washington. there's a jittery feeling

because we have done so well for so long, so you have folks bail on any real sign really quickly. lauren: how many do you think geopolitics play particularly out of washington, d.c. on who is advising president trump, how much do you think possible collusion with russia, a new national security adviser who is more strict when it comes to north korea and iran, how much do you think that unsettles investors where you are? >> well, i mean, if they weren't unsettled with north korea and the talks we had back and forth a while back, six to eight months ago, i thought that was really the biggest thing out there and the markets really didn't care, so i think that trump is trump and europe is basically, i guess, coming to that conclusion and it's not really affecting the markets too much here, they say the imaginations per se that happen in washington. at the end of the day there have been decent economic figures,

you can't deny that things are getting better. they have taken comfort with that and away we go. lauren: people are just scared, scott, have a good weekend. >> coming up, after dow dropped 724 points, looks like another tough day for investors out there. futures had been down as much as 200 points overnight but right now dow futures down 180, nasdaq continuing to struggle here and besides tariff issue, stocks pulled back on news that president clinton -- no, president trump was replacing national security adviser, we will take a look at what that means, you're watching fbn:am. ♪ no, please, please, oh!

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>> when you talk about trade wars, you talk about china, one

big player and that's clearly putting fear in the market. lauren: breaking news this morning, fear of potential trade war hitting the stock market really hard. the dow, nasdaq and s&p 500 all dropping sharply yesterday after president trump ordered stiff tariffs and chinese goods. >> u.s. futures as we have been telling you down this morning as china threatens to impose new tariffs on american goods in response to the president's decision, look at this, dow jones industrial average down 174 at this point ahead of open, nasdaq down almost a percentage point. lauren: biggest drop since early february and it is now below the 24,000 level. >> in europe stocks opening sharply lower as well. right now take a look, the dax really getting hit down almost 2 percentage point. lauren: nikkei in japan said 4 and a half percent. 1,000 points, shanghai composite in china down 3 and a half

percent and kospi in south korea even though the country is exempt from steel and aluminum tariff they fell as well. >> the white house announces staff shake-up, former u.s. ambassador to the un john bolton is replacing hr mcmaster, fbn:am continues right now. lauren: good friday morning to you, march the 23rd, i'm lauren simonetti. >> good morning, i'm gerri willis in for cheryl casone. lauren: you're ready? >> my hair is blown back. let's get right to it. the escalatings tensions between beijing and washington sending shivers, investors fearing a trade war could have dire consequences for global economy and, in fact, beijing saying it plans to roll out retaliatory

tariffs on $3 billion worth of u.s. goods, for more on that let's bring in josh and armando soto, i hope i said that right, josh, let's start with you, if we could. you know, you look at this intensively, i would expect in our markets boeing, caterpillar, gm, companies with big international exposure to be down dramatically but narcotic all stock markets are selling off right now across the globe, you look to europe, you look to asia, is this overdone at this point? >> sure, i really think it is overdone. we were technically due for a breather, months and months of trump bump uninterrupted. what we want to look at, facebook, people started worried about the big data, trade wars, if you think about it, china deserves some action against them, they are continually a serial abuser of intellectual

property, long-term that could be strength to markets, how much intellectual property they steal as far as facebook. a big thing people are worried about is big data, was this republican breach a precursor to much more data mining operations. nobody would have been talking about it if this was the democratic party, but because steve bannon did it it's all overblown. big data, you have china, you have a lot stuff going. >> that's exactly the point i was going to make. pick your reason for the market selling selling off. foremost in investors' mind is the rooming trade war. armando, when you look at this, yesterday wilbur ross saying there's 10 million in u.s. patents, that's value of them but you wouldn't know that because china continues to steal this technology from us. is it worth sending these markets into turmoil as we have just been see to go recoup that

money to make sure that america's technology is protected? >> well, the -- the market selloff that we saw yesterday is continued volatility that we will continue to see in the coming months. i think there are many factors that have affected the selloff and part of that as well is not only the quote, unquote trade war, but also the flattens of the bond yield curve where the 10-year treasury is paying a little bit over 100 basis points more than three months, so the last time that the yield curve flattened out and inverted, we had a recession, so i believe that a lot of the smart money took note of this, we also have the trade war which i believe mr. trump, the president will come down and negotiate a great trade deal for america. >> right. >> the market will probably continue to go up as long as we

see the continued growth in earnings for -- for companies here in america and i believe we are going to see volatility in the near term, continued volatility in the near term. >> that's the point. we are here in the middle of this whole trade discussion, right, interrupting markets across the planet or across the globe, josh, what will it take for investors to focus on something else like say u.s. gdp or earnings of the s&p 500 and what is the calculus right now that traders are making as they look at markets? are they willing to make distinctions yet? >> i think the biggest concern is the fed. if the fed hikes rates more than 3 to 4 times this year which they were signaling this week, that could be, you know, 6 to 12 months a precursor to much larger recession. i think that's what people are worried about. i do believe that corporate

earnings could grow, banks have substantial balance sheets with the effects of the trump tax bump, i mean, you to realize, nobody has really seen the true effect. we will see that next year. >> true. >> people aren't doing tax returns with the trump bump, you will have a lot of activity, some of it was overblown. technically we were due for correction. >> i apologize for interrupting you, yes, it's so true, there are so many positive, so much wind at the back of the market but it's not realizing it today, josh, armando soto, thanks so much for sharing expertise, appreciate your time. >> good to be with you. >> thank you. lauren: police in texas releasing more details about austin bomber's chilling confession. we will have that coming up. another major shake-up staff at the white house. president trump has named john bolton as new national security adviser, how could this affect not only the markets but foreign

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caught up on what's happening right now. checking u.s. future right now, stocks down, dow down 186 points he recorded a 25-minute confession tape. he windshield he was, quote, sorry but i'm not. and referred to himself as a psychopath. he detonated a bomb killing himself on wednesday as police closed in. wiley, 16-year-old who has been fighting for her life who was shot at maryland high school this year was taken off life support, wiley shot by austin rollins who used father's handgun. rollins and wiley ended relationship before the shooting. tesla behind uber who killed woman, the driver's record with

attempted armed robbery conviction is calling into question uber's vetting procedure for operators, that's what's happening now. the video is tough to watch. another white house shake-up as president trump announces as general mcmaster is outed and john bolton is in as national security adviser. secretary of defense larry to discuss all of this, the first question to you, did the move surprise you? >> well, it did because unfortunately as the way washington works, people have been leaking this for, you know, a couple of months just like, you know, with secretary state tillerson they were talking it going back to november, so a lot -- there was a lot of talk about this, so it didn't surprise, i guess, the timing is of somewhat surprising since a lot of people that thought they would met after the president met with the north korean leader. lauren: may is a tremendous month for the president, not only is he scheduled to meet

with kim jong un for negotiations about ending their nuclear weapon's program, he's also expected to decide the fate of the iran nuclear deal, we know that john bolton is more hawkish when it comes to foreign policy, so do you think that has anything to do with this transition. >> well, no, basically what it is is the president wants to have people around him who think like him and it was just a question of when, now the exact timing it could be that they were waiting until they could get general mcmaster another military job, that could be something that played into this. >> the democrats do not like this -- this new assignment, in fact, massachusetts senator ed is saying this, with the nomination of cia director mike pompeo and secretary of state and now appointment of mr. bolton, president trump is assembling war cabinet full of

yes, man who will fan his impulses, what do you think? >> really what you want that before the president makes a decision he hears all the viewpoints because when something gets to the white house it's not an easy issue, these are complex issues and they have a lot of pros and cons and you want to make sure that the president is well informed and i think what senator was saying, if everybody is on the same page, trump, for example, here another point of view, for example, of the iran deal where somebody would say, you don't think it's a good deal but european allies do and we need to be on the same beige them because we've got another -- all these other problems, for example, with tariffs and other issues. lauren: all right, larry, we have to leave it there. thank you for your insight this morning. >> thanks for having me. >> first top upset with picks,

jared max with highlights ahead. fears of potential trade war pushing the u.s. dollar lower, a closer look at global currency markets, take a look, the dow down about -- what is it i think -- 197 points, you're watching fbn:am. today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent.

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lauren: if you're just waking up let's check investments. check this out, dow down 200 points at the moment, below 24,000, it is down for the third day in a row and all three major averages right here in the u.s. are down about 4% on the week, worst week since february 9th.

>> intensifying, well, good news if you live in northeast. lauren: finally. >> fox senior meteorologist janice dean is here to tell us why, hey, janice. janice: hey, ladies, so glad to give you good news in the northeast, however we still have winter hanging, temperatures are still cold in minneapolis, chicago and even new york city, warmer than average for the south, we will get into 80's in texas, past 24 hours we had, well, several systems moving into the west, some of the energy the moving east ward and we will get the potential for another winter storm again from the dakotas from the mountains of west virginia, snow that will set up not only today but through the weekend, you see where the winter storm watches are posted, upwards of 6 to 10-inches of new snow on the ground. not only today but into saturday. now, there's your future radar, again, across the midwest, that's where we are going to still feel like winter, remember, we were talking about

the potential for this low pressure, curved to the east, it will remain offshore and out to sea, sigh of relief as we get into the workweek and better forecast ahead but, of course, it's still winter for folks across the midwest and great plains. you know what's going happen, ladies, it'll feel like winter and all of a sudden it's going to be summer time. lauren: that time can't come soon enough. janice, thank you so much, especially for the final news that you gave us, no storm sunday night. march madness has never lived up to his name like this year in ncaa tournament. jared max is here to explain, hey, jared. jared: good morning, lauren, gerri, two number nine seats, south region, kentucky, sweep 16

kansas state, match-up of wildcats, brown with 19 seconds to go, kentucky missed 3 at the buzzard, kansas state, one final score. the 11th seated from layola chicago, 6 seconds left to extend to 4, they beat nevada 69-68 in elite 8 for the first time in 55 years and 98-year-old team chaplain. sister team getting brotherly love, number 9 seed, florida state, a football power house knocked out last year ncaa runner-up, make the regional violence for the third time and only one game last night as expected, third seed michigan won 12th game in a row. knocked out texas a&m and next

michigan state, four more games tonight, and imagine this, fair of number one seeds still alive. kansas one of them plays clemsen tonight in omaha. late game in nebraska. duke, late game is three seed texas tech versus number two. lauren: are you tired from watching all the games? jared: it was great last night. we will show record-setting performance in nba last night. >> very exciting. you can catch jared sports reports fox news headlines 24/7, siriusxm 115. lauren: unfortunately we do have bad news because the dow is continuing to fall, futures lower by over 200 points and this is how stocks in europe are trading, you can see 2% decline in germany and in chance, the dollar under pressure, we've got the trade wars heating up and we are going live to london next.

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lauren: all right, taking a look at stock market futures this morning, more losses at the open down 3 days in a row. dow down more than 200 points. we are also checking out the greenback, the u.s. dollar taking a big hit against merging market currencies on concerns of global trade war.

we bring in jay -- jane foley, dollars down but yen up pretty sharply versus the dollar today. >> that's exactly right, and, of course, the yen is a big safe haven currency and this is why we have seen so much rushing into the end, the theme of global trade wars really has risen which is something that's been brewing and overnight we had china pushing back at the u.s., china announcing tariffs on some u.s. goods and this is speculation that could be the tip of the iceberg and we could see a far bigger theme of global trade wars over the next few months. >> yeah, speaking of that, you know, you talk about the yen, you talk about the dollar, i have to think this is act one of the whole story, right, because you have opening salvos and more people file on and markets trading lower, what happens next? >> well, this is exactly what the market is trying to figure

out, now, of course, economists will say that if we have trade wars that's negative for global growth, the stock market pushed significantly over the last 24 hours, who is going to be most hit, the dollar has been hit bus the market seems like the u.s. economy will be hit by trade wars but, of course, if you have china and the u.s. having trade wars it's going to be lots of secondary effects, a lot of people exporting goods into china, those exporters are likely to be hit as well. lauren: jane foley, thank you so much. we are trying to find green on the screen. >> that's not good news, right, that people are looking for cover in the marketplace as we continue to watch these markets for you, watching your money always and i think it's time for maria bartiromo, right? lauren: good morning, maria. maria: good morning, ladies, it is going to be a tough day at the office, happy friday,

everybody, good morning to you, i'm maria bartiromo, it is friday march 23rd, your top stories right now 6:00 a.m. on the east coast. stocks plunging, the dow industrials yesterday tumbling better than 700 points amid new fears of a possible trade war after president trump signed strict new tariffs and restrictions on china. >> the people we are negotiating with smilingly they really agree with us, i really believe they cannot believe that they've gotten away for so long. they'll be a little smile on their face and the smile is, i can't believe we've been able to take advantage of the united states for so long, so those days are over. maria: chinese government has fired back this morning saying it plans to release retaliatory tariffs against the u.s., we are expecting markets to open down 200 points right off the gate,

dow industrials down better than 1%. global markets following wall street's lead, take a look at shanghai composite, nikkei average in japan down 2 and a half percent and kospi down better than 3%. european indicatic -- indices look like this. we have a deal, lawmakers avoided a government shutdown passing a massive $1.3 trillion spending bill this morning, we are breaking down the numbers as it heads to the president's desk now. mcmaster is out, bolton is in, more changes coming to the white house as president trump announces he will replace h.r. mcmaster to former u.s. ambassador to the united nations john bolton. not only the change, the details as the top lawyer of russia probe resigns. tragedy in new york city, firefighter killed after a fire breaks out on the set of an edward norton movie i