♪ >> what we're saying to the administration is bring everybody to the table and lest close the deal now because longer this lingers, then businesses are going to have to make tough decisions. >> tough talk from business leaders in washington, calling on president to close the deal on trade. and drop the tariffs. but the administration still plans to press ahead. >> investor remain optimistic with with another 89 points yesterday. >> taking a look at futures on this tuesday a we wait for that world market that hit the dow up 41 in the premarket s&p up 3. nasdaq up 11 and a quarter. up four days in a rose and in europe stocks are mixed amidst hopes in break through in u.s.

china trade talks but kak and dak are higher. trade talks and jumped 1.3% overnight. >> tesla troubles continue now suppliers may be worried they won't get paid fbnam starts right now. ♪ >> and it is 5:01 a.m. here in new york it is tuesday august 21st good morning everybody. i'm cheryl casone. >>good morning i'm lauren lawrp august 21st already just flew by this summer. >> where did the summer go. a nice full market to celebrate the end of summer with that's good. >> tomorrow longest bull run in history. >> trump administration will move forward on imposing additional tariffs on china despite opposition from business community in a very public and fiery hearing. >> more on that from edward

lawrence. >> good morning cheryl and there's been a slew of unhappy managers and own rs of businesses going into these public hearings. public hearings will ask the rest are of this weekend into next week, u.s. representatives office it is holding these hearings now the tariffs are talking about is 200 billion dollars on chinese goods the 25%. that could go into effect any time after september 5th. we're talking about products anywhere from seafood to -- printers inc. also any beauty products now again the national or folks who are going in here are mostly against these tariffs. now nicole with the national marine manufactures association says that the boats that their members make are made of thousands apart and if you ever it a large portion of that at 25% that will significantly increase costs. >> we're really concerned about job losses her concern about what's that going to do with the u.s. manufacturing industry, they're small margins so they can only ab absorb costs getting

hit from everying a pl if we want to keep it manufactured these tariff as have a real impact on these businesses. >> as it discussion starts chinese companies are already paying tariffs on steel and aluminum. now they'll have 50 billion qort of goods under tariff later on this week 34 billion from june 15th already under tariff and another 16 billion from this week. the president economic advisors believe that the president can take on china like this. because the u.s. economy is doing so well. but for the first time on wednesday, since june, they'll be chinese officials in town talking trade with u.s. officials. the vice minister of commerce of china will be here to talk with u.s. delegations from the treasury department. they're going try to see if they can work out their differences or get framework for working out their differences. they're also setting up frame worng for a future meeting between trump and president xi

of china in november. back to you. >> and president trump is going to return to coal country tonight headed to west virginia to campaign for attorney patrick morsi hoping to flip the seat from democrat senator joe mansion but while there trump will vail details to rewrite clean power plan. that is obama era effort to slow climate change. the epa plan relieve from strict emission goals and comes less than mooct after administration move to freeze standards for car and trucks that were set to take effect. fbn lew will have full live coverage of the president's rally in west virginia tonight. that starts at 7 p.m. eastern time. and the president is stepping up his criticism of federal reserve chairman jerome powell. >> details now from our own hillary vaughn. >> good morning lauren and cheryl, fed reserve chair jerome powell has been in a seat over six months before already in the

hot seat the president saying in an interview with with reuters he's not thrilled with the decision to hike interest rates are. the sharp words coming from the white house l follows two interest rate hikes under powell as tenure of chair. he thinks central bank should be accommodating and feds should do what is best for the krkt but wouldn't say if he's happy with the fed pick saying he'll decide what he thinks of powell also in the interview the president giving a an update on his effortses to try to convince the turkish president to release pastor andrew from custody saying he thought he had a deal with furyky when he convinced israel to free a citizen detained in their custody. the president telling routhers, quote, i think it is very sad what turkey is doing i think they're making a terrible mistake. there will be no confessionings. i expect him to let this innocent and wonderful man and great christian out of turkey. president trump defended his decision to slap turkey with tariffs over their refusal to

free past or tore saying he has no concern of economic damage rippling through europe because of these tariffs also saying that, the relationship between the u.s. and turkey will no longer be a one-way street. lauren and cheryl. >> drawing hardline. the urge is three months away from midterm locations and hacking conservative groups linked to russia. >> tracee carrasco has this story and other headline this is morning. good morning. >> microsoft uncovered new russian hacking attempts targeting u.s. political groups ahead of the midterm elections. microsoft removed six registered by a russian hacking group affiliated with russian government that tried to spoof legitimate websites including two political think tanks, international republican institute and hold son institute, as well as the u.s. senate. microsoft said it has no evidence that hackers were successful in getting anyone to click on the fake qbs. website. >> another day, another tesla

story. now, some of the suppliers are worried that they might not get paid from the company. >> yes, more trouble for tesla. "the wall street journal" reports that tesla's trouble year has sparked some worry among suppliers about the the company' stability after coastally production of the model 3. the journal reports that a recent survey sent from an unnamed well regarded automotive supplier association two top executives found that 18622 blof that tesla is now a financial risk to their company. >> we'll see what elon muck is on twitter today to comment about that. paul allen's space company is revealing future plans. lauren: getting competitive now but straddle launch systems that's the space company of microsoft cofounder paul allen unveiled details of rocket reusable space cargo developing instead of blasting off from a

launch pad rockets will drop at high altitude from underneath twin fuselage airplane. in a news release company said its launch vehicles will make satellite gloiment, quote, as easy as booking an airline flight. the first rocket launches not scheduled until 2020 after the very earliest. thank you tracee. >> thank you. all right common we're going to tell you when you can get your hand on apple's newest iphones and investors pop the champagne on wall street tomorrow mark asinine year anniversary of the longest bull market in history. how long is this party going to last? it has lasted four days on wall street. at least recently dow futures up another 41 point this morning. s&p up 3, and it is just past half a percent away from its january high. weal be right back. how do you win at business?

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group of 22 states in the district of columbia are asking a u.s. appealing court to reinstate obama administration net neutrality rules barred in internet providers from blocking or slowing down access to content. back in december, the the federal communications commission vote along party lines to reverse the roles. but they've claimed fec reversal will harm consumers well court documents show that colorado man accused of kill his pregnant wife and two young daughters was also having an affair with a coworker. 33-year-old christopher watts also claimed his wife strangled girls shortly after he requested a separation but he's due back in court today. and then there's this, a shocking story, a woman has been killed by an alligator in south carolina. this happened yesterday the 45-year-old victim was walking her dog near the water when she was attacked and pulled underwater by the alligator. police say that dog was not

harmed, in fact, trying to protect her dog. the alligator was caught and has been euthanized nothing like that has happened in south carolina in like 40 years, about lauren. lauren: well isn't scrair rei but for some largest bull market in history. will be another candle on the wall street cake next year. can this continue? jonathon hedge funding manager capitalist pig.com and joins us now. good morning. >> great to be with you. just yesterday new more 52 week highs and 52-week lies bull market is continuing. but i think it is that cause for celebration but also sol cause for concern. you know, it has been nine years lauren to your point and you know cheat money we've talked about is ending some of the technology leadership that led bull market seems to be faltering so great that you know bull market is on. i think now more than ever there's some opportunity for

investors to either take profits or at least build for what the bad times are -- >> we're showing full screen next to you as you speak showing that since march 9th s&p which your 401(k) likely tracks is up 318% so-so many have made money in the past few years. you know, what storm clouds and there are many pick your poison but what poison do you think can derail the stock market? >> well one of the biggest worrisome signs ironically lauren is the confidence you talked about consumer confidence is in many cases unemployment all time lows and look how average investor changed his or her attitude since that low. people who didn't want anything with stocks or debt now we're seeing some of that behavior begin to change people taking more credit card debt and risk and on tesla which we talked about on netflix amazon these were the drivers moving the bull

market higher and apple seems to be only one really holding on to a strength right now. so if you want the best of what's to come e keep your eye on the tech stocks hasn't been steel or materials leading the market but tech. >> jonathan you're nots concerned there's a heavy concentration to pull up a screen that cheryl used yesterday we call it party of five amazon it's apple as you know microsoft, netflix alpha bet, and they are investors have a heavy concentration and these particular names so there's a lack of breath in the market even lack of breath in technology you're not concerned about that? >> i think you should be concerned, in fact, i remember from later stages of the 2,000 bull market by the time you got to 1999, 2,000 it was a few stocks and it was disco some microsystem or oracle in the like it is that names are different but your point exactly. i don't think investors should sell, but the very least get that lauren get that emergency fund that we all talk about get

that three to six months worth of living expenses on sideline because it is not if the bad times will come. they will they always do it is a matter of when so get your house in order now when the market and economy are strong to take shelter once worst times come. >> we with appreciate you. >> thank you. >> well hollywood at it again. this time controversial remarks from a well known actor. [inaudible conversations] bad language people went to the bathroom to send out crazy tweets like your typical day at the white house in your -- >> well we're going to tell you about backlash that kerch hearth is is facing this morning an drien cans out west and welt conditions in the east continue? we've got the forecast and we've also got the forecast for your money taking a look at the futures another kickoff in the positives to your money. dow up and s&p up 3.5, nasdaq up

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well the mpv video music weaferredz waste nod tile getting political. comedienne kevin hart presenting an award. >> understand we're live coast to coast right now i'm looking at like this is game day people but do not worry because you're allowed to do whatever the the hell you want no old white man who can stop you. >> you never know what will happen, bad language people run to the bathroom to send out

crazy tweets it is basically like typical day at the white house in your face -- [inaudible conversations] >>what are had issue remarks especially on twitter with fans threatening to boycott him. later in the night rapper logic wore a shirt protesting border wall as people stood behind hill with shirts that said, quote, we are all human beings not surprising -- efntle let's see weather because we have powerful thunderstorms expected to hit parts of the mid-atlantic and northeast with damaging winds and heavy rain. >> janice is live in the fox weather center and i tell you what jan thinks man this has one wet summer. >> agreed, and o.c. out west they have not seen any rain in some areas. so we've gotten too much of a good thing they're not getting enough of a good thing out west so here's the current temperatures as really refreshing, beautiful temperatures 68 here in new york city. we do have some moisture streaming in from the midwest going to get to us tomorrow across the northeast and

potential for strong to severe storms as you mention for parts of mississippi river valley, ohio valley as well. so watching this system across the midwest the great lakes that could bring strong to severe thunderstorms and then this is going to move towards the northeast in coastal areas tomorrow. so we'll get one nice day and then tomorrow will be wet across portions of the coastal northeast there's the forecast forecast across entire or your northeast and out west southwest getting a little here but all along the coast the areas that need it see that moisture not getting any and remains very warm and very dry fire conditions remain high over these areas over next couple of days. there are your daytime highs today still very warm across the south. the southeast, and it is going to be a beautiful day here in new york city 76. rain comes tomorrow, we'll get refreshing fall-like temperatures in next week, back to the summertime heat again so we're almost there.

dges not over yet. enjoy today. thank you janice. >> you bot it. all right coming up are you ready for next version of the iphone we'll tell you when and where you can get apple latest gadgets, and we're also checking pulse of amazon internet retailer morphing into a health care company we'll explain that story and stocks up right now. day number four if gains hold up 51 s&p up 4, nasdaq up 14. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95.

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what we're saying toed administration is bring everybody to the table and let's close a deal now because longer this lingers, then businesses are going to have to make tough

decisions. >> business lead percent calling on the president to, in fact, close the deal on trade and drop the tariffs but the administration they might not be listening. investors are main optimistic we're get ailing trade deal gaining another 89 point yesterday at the close. >> this morning futures in the green across the board. dow up 50 points. taking a look at a europe stocks opening, but mix but there's hope for a break through must china trade talks if the barely in the red . same thing in asia sham high composite jumping 1.3%. new lawsuit accusing google illegally tracking millions of phone users. fbn:am continues right now. ♪ we're coming up on 5:30 a.m. here in new york, it is tuesday, august 21st good morning i'm

cheryl casone. >> good morning i'm lauren simonetti i think i'm like stephen hill ton up watching in california right now. and get rid of smi smart phone. >> like to say aloha to viewers in hawaii because there's a lot of them and they're still up from the night before. >> if you have a phone you're being tracked so good morning, good night whatever time it is for you. [laughter] >> frump is full felling campaign promise traveling to west virginia today and touting his administration plans to rewrite emissions rules for power plants that is a huge boost for the coal industry. >> jeff flock at a power plant in illinois. good morning. >> from the will county generating station is out of chicago one of the nation dwindling number of coal fire to electric generating plants. this one slated to shutdown for good it is not running even now don't need energy and shut down permanently trying to save some of that off with new regulations on emissions.

question is whether or not that's going to help or not. but demise of coal has been going on for some time when it comes to electric power generation take a look at the last dozen years, natural gas increasingly becoming a more viable alternative to coal up 36% in terms of use in electric power plants and coal down about 36% over the same time. overall consumption of coal in this country -- well wees used to be a dozen years ago over a billion short tons. now we're closer to 700 million tons. the president whatever he's going to say about this he'll say is later today as he goes to west virginia and meets with patrick morrissey he's republican senate candidate all we got to know a bit during his hard fought primary against a former coal, the president will say, presumably that he's going to role back obama era regulations on emissions. but you know it might not be so much about emissions that is

hurting coal as it is the availability of cleaner burning and cheap or natural gas thanks to track aring. you know coal mining is a very difficult job. you know, coal miners want the jobs but not because it is dirty and because they have to go underground and perhaps not see the sun for dayings on ends maybe expose themselves to that but they want jobbings because they're good paying jobs they help them feed their families only problem is now maybe they pay too much because natural gas emerged as a much cleaner and cheaper alternative. tough to fight market forces. lauren and cheryl. >> well, thank you jeff and for more let's bring in democratic strategist howard franklin and eric of horizon guys, good morning. >> good morning. >> you know eric i have to ask you do you think this is a risky strategy for the president jeff flock just explained it. we have 200 plants closedded. you now have -- coal fire plangts and that's only 40% of energy production in

the country and continuing to go down with wind and solar and that gas is cheaper kiewng this is really the right -- fight for the president to actually, you know, dog right now because it is gipping to end up in court? >> i think we all understand the importance of renewable energy as well as natural gas and et cetera, and thing we understand to that coal is definitely declining less artificially proking up coal industry but removing artificial restrictions over past few year to be more openly in free market without we saw during the past years how -- it is a targeted coal specifically tried to push it down, and going favor of renewable and whatnot, and that i think definitely this is going to be thought they thought lawsuits and -- there's some legal uncertainty. >> that's what i wanted to bring up of howard 37 states that challenge president obama back in the day.

it seems that a lot of states are not against cleaning up air, cleaning up pollution but they want to be oneses in charge of that at least attorney general feel like they have a better handle hao wards on their state can handle mission and reduction in green house gases. >> sure. i mean, i think the federal government acted in this case the governments were not going to act and, obviously, having king the city across the board in terms of policy for -- clean air, emissions green house gases et cetera puts everything on a level playing field so i think there's plenty of reason for the federal government and the obama administration to act, and i would challenge the idea that regulation is the reason that coal is fallen behind. i think america has lost something like 100,000 coal mining jobs in a lot of decades and little to do with regulation much more to do with technology, and clean air faster cheaper, renewable energy within, you know, a critical mass. fnght glad you brought that up because we have a graphic to

show viewers this has been happening for years and years because again that gas is cheaper solar, and wind which is a lot of money hasn't been invested in those things if you look at the con sulings from 2005 to 2017 huge differential and also to be fair eric, i mean look, you know, the jobs aren't really there anymore. i realize president is going to west virginia thals coal country but now about 53,000 workers that was at 90,000 workers in the industry a while ago so that base -- to use that qortd is actually shrunk. >> i mean it is tefl truce. and that long-term, i'm sure coal will next decade see even greater shrinkage. however, the fact for the moment as we transition to sources of energy there's no need dwrown push workers who have very little option in training at mommy to suddenly find themselves out of work and et cetera, and so i think by adopting a slower -- more gradual approach that's going to, you know, be easier

for workers involved and market itself to transition and think it would be better overall for the economy as well. >> i want to pull you a soundbite from hillary clinton from the campaign and listen to what she said and some say hurt her about the coal industry. listen. >> we're going to put a lot of coal miners and companies out of business. >> well howard it didn't work that way. [laughter] >> no it didn't. i mean, two things to note or worth noting there, one hillary clinton had little to do with putting a lot of coal miners out of business. but they're out of business as i think we've heard a number of power producers having tough time facing competition but secondly you know it is never advisable to relish in your -- in americans defeat right i think that will be -- >> i agree -- about the trump administration. it hurt her. before i let you go and i want to ask a different topic howard what do you make about this move

by democrats like elizabeth warren that seems to be what they want to use come midterm as rallying cry. do you agree request that as a platform for the party right now? >>i don't think it is messaged properly. i don't think that abolishment of i.c.e. is something that most americans are looking for or willing to vote for as a party platform i think it may work really well in democratic primaries. but not so much in general elections. i do think it is calling attention to ways in which i.c.e. could be more compassionate and maybe even more effective, obviously, with reuniting family as who have come from across border illegally but i don't think abolishment is necessarily the the tone that democrats want to strike. >> it is not always -- just a few. eric enwish i had more time thank you for being here this morning. great discussion. appreciate it. >> thanks so much. another discussion on tap because google is snow getting slapped with a privacy lawsuit. tracee carrasco has that story and other headlines this

morning. good morning. >> following that associated press investigation there's now a lawsuit against google accusing of illegally tracking movements of millions of iphone and androids phone users, even after they used a privacy setting to prevent it. according to court documents within google falsely assured people they won't be track if they turn off location feature on their phone and that instead violates their privacy by monitoring and e storing their movement. the plaintiff a san diego man is seeking class action status on behalf of all android and iphone users who turn the tracking feature off. not surprised by that. so stalk us is what the lawsuit is claiming. all right, i've always seemed that i think. they use smartphones speaking of iphones apple has new ones and you have dates for us. when -- there's speculation but matt is reporting that sepght 2 st is

official launch date with presales starting on september 14th. so that would suggest official announcement some time earl that week now this timeline falls in line with years past apple is expected to send out media invites at the end of august when date will be confirmed. expecting maybe 3 new iphones we will see. >> they put a clue on invitation. i'm sorry -- >> it's okay. amazon is pushing further into health care what are they doing? >> that is right? amazon has hired a world famous cardiologist doctor who works at massachusetts general hospital and spent time at harvard university tweeted that he's joining amazon and hopes of, quote, truely meaningful impact on the health and wellness of well being of hundreds of millions of individuals throughout the world. now he did not say exactly what he would be doing at amazon but, of course, we have been watching amazon taking ep is its into that health care industry. >> any industry they go in

should run. run and be scared or fight. make me a doctor are -- thank you. thank you. all right coming up we're going to tell you guys about iran's latest military move as tenges in middle east rev up and trump taking aim at one of his appointees with about the controversy straight ahead. pretty good this morning. as august wounds up higher by 50 points nasdaq up 60 you're watching fing fbn:am. or it isn'. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned,

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>> well, welcome back looking at the futures on tuesday arrows nasdaq up 14 and three quarters we also closed higher on dow last night. well president trump saying a potential sit-down with special counsel robert mueller's team could be a perjury trap. in an interview with reuters echoed concern shared by his lawyer rudy giuliani saying statements compared to others qhoive interviewed in any discrepancies could be used against him two iranian men dieted for stying for tehran in the united states and men were monitoring jewish facilities one of them is dual u.s. iranian citizen. most of been charged e

illegally. and jet was domestically made and will be used for short aerial support missions. the new jet unveiled in front of iranian president hassan rouhani and that lauren is what's happening now. >> prurp is laying criticism on his pick for federal reserve chair, jerome paul warning to hurt the u.s. economy. here's what he said am i happy with my choice? i'll let you know in seven years michael lee is with invest mark advisory group. michael good morning good to see you. >> how are you? >> do you think the president is happy with jay powell? >> i don't know that he's happy or sad with him. i think he made an excellent choice and i don't know if he's complaining but saying that rates are going higher to strengthen the dollar above and yongd what he would like to see

and i don't know this administration is either for strong dollar or weak collar more so a stable dollar because so much of their economic agenda is producing things in america et selling them to close the trade and balances that we have all over the place. so as the dollar gets stronger it is harder to sell things abroad. and the fact that our economy is booming means rates need to go higher and mac it hard to slow down pace of the dollar. >> the dollar is coming down this morning on those comments to reuters by president trump. but you know, we choir that higher interest rates could slam the economic growth that we've seen. particularly because of low interest rates and the tax cuts do you think that higher rates can cool off this economy? and i ask is because -- could this be defense strategy of the president going into the election, hey, the the economy is slow down because it was jay powell's fault at the fed they're ruining everything i did by raising rates. >> we're so far away from

interest rates slowing down our hi, and just to put this in perspective it is accommodateive anything above gdp growth is restrictive, and equal to gdp is neutral we're on the path to normalization to get to neutral and stimulative for the economy because banks more money to increase velocity of money and they're starting to save more money and rates too low for too long and the problem is that when trump came in interest rates should have been 100, 200 base points higher but they were held back but ultra political fed that wanted to keep rates low. so they didn't election so a certain candidate could get elected which wasn't donald trump. >> so you are viewing that previous fed chairs were more -- were political. >> iewb per political. yiemg i mean how do you go

saying we're not sure of the next time to raise interest rates to it a month later raising 25s points and starting to shrink balance sheet and in the end of twowrp and slowly but surely if they are to slow down now fed has little or no tool at this point in the recovery with this strong of an economy our interest rates are 100 to 150 bases high so they have ammunition and those rates slows your economy. when you're growing like this -- >> but the president doesn't necessarily see it that way michael and targeting jay powell or seems to me when i other investors choir if you politicize fed you diminish their independence. >> look, this is a nontraditional president to say the least. and i would -- i don't know that if i would necessarily call them criticisms more just complaining. because this does harm kind of the america first economics strategy where the corporate tax

cuts were based on helping corporations be located in the os and do business globally and also to revitalize manufacturing throughout the belt essential to his elections. so i don't necessarily categorize as criticism or complaining. >> well it will get more cay yacht whik we get this statement and minutes all of that and read two and you know the deal. you follow this stuff. michael, thank you, we appreciate you. >> take care. >> we've got a lot more coming up. new comments by denver broncos may slandzed him in legal trouble. we're going to explain and get ready for some college football, the the ap3 season rankings are out we've got the who's hot and who's not list for this year. taking a look at futures we're hot on this tuesday. dow up 50 in premarket. s&p up three and a quarter nasdaq up and three quarters you're watching fbn:am. how do you win at business?

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welcome back colin kaepernick case against nfl has taken a twist and max is here to explain it all for us. >> there's a lot to explain here in this case with colin cammer nick you know he's entering a second season out of work from the nfl he filed a collusion case against the league now denver broncos general manager was depositions a depo in which elway shared information that he was undergag order for while

speaking to the media last week. he was asked about the prospect of signing colin kaepernick. >>ics this a while ago and you know, colin had his chance, we offered him a contract he didn't take it. so you know as i said it -- my deposition and i don't know if i'm legally able to say this. but you know -- yeah. host had his chance to be here. he passed . he said it and kaepernick attorney said, quote, mr. elway violated a protective order that nfl has wielding like a club ate an apparently suffering from some real brain trauma. [inaudible conversations] so only three years removed from what he was e elite runningback from another injury this time back adrian peterson returns and signs on with red skins league

minimum. incase you need to jump start from slowest period to sports year. roll tide college football season is coming. krimson tyde of alabama third straight season ap top 25 defending champs 42 out of 61 first place votes clemson with 18 votes tigers second and badgers fourth. ohio state buck eyes despite current turmoil are fifth and husky number six followed by oklahoma, miami, then auburn and penn state lions number 10. thanks to a recent 1.5 billion television deal with espn ufc president dana white says company brand is, quote, now qort worth $7 billion. georgia against texas down two. last out and look at this jan son hits game tieing home run but forget about him his dad is celebrating. we've all been there little league. and watch daddy go. [laughter]

look at himming cheer leadser. so they tie the game . they're going extras they have to get ahold of it fantastic and then extra innings and sacrifice fly win it so georgia eliminates texas little the little league world series these guys are ranging between 10, 11, 12 years old. >> so good. watching it brings you back. i mean, immediately this morning i spoke with taylor craig or sports producer about sharing little league memories i remember this -- little league is fun. >> sharon thank you so much. catch sports reports fox's headlines 24/7 with the situation in turkey going from bad to worse will global will markets hit? ♪

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cheryl: president trump is promising no concessions to win the release of u.s. pastor being held in turkey, joshua in london, joshua, what do you think it's at stake for turkey and really for global markets since there's no movement between the u.s. and turkey? >> no, there isn't. i think what's important about

this is donald trump is talking about concessions that they won over in turkish side and that essentially is heads up to the fact that the u.s. at the moment are levy multibillion dollar banks in turkey, they want that wiped for release of brunson, irrespective of leaving how banking issue aside, irrespective of that, turkey will gain a lot by releasing pastor brunson, i believe, the market doesn't necessarily like what's happening between the two countries, the evaluation of the lira and normalized to some extent and we have seen the doubling down of sanctions and tariffs on turkey, likely you might see headway on that as well. certainly turkey may be target but i think they are missing the bigger picture at the moment. lauren: josh, let's move to another part of the world that's in crisis, venezuela, inflation

at almost 1 million percent. >> yeah, exactly. at some point you would think that maduro would have to leave whether he's forced out or not, people are trying to feed the country, they are going to brazil and getting turned away at the border. difficult position at the moment. they are taking 5 zeros and crypto currency in turn is linked to the venezuelan price of oil, it's very difficult time at the moment. the thing is it's been going on 5 years now, soon enough they will end up getting rid of maduro, doesn't seem to happen. certainly for the time being we can't see an end in sight. cheryl: joshua mahoeny, thank you very much. maria: happy tuesday, thanks for joining us, i'm maria bartiromo, it is tuesday august 21st, top stories right now just before 6:00 a.m. on the east coast,

trump taking on the fed. the president criticized fed powell and says he's not thrilled with the direction of monetary policy. no end in sight, that's what president trump is saying about trade dispute with china, days before tariffs go into effect the u.s. toughening the stance on china, we will see the market reaction showing blowback as a result. we are not seeing major impact but we are seeing the story coming up. dow industrials this morning expected to be up 50 points, the nasdaq is up 17 and s&p 5 points right now. this after gains across the board yesterday in yesterday's trading session, dow industrials picked up 90 points. s&p was up 7 and nasdaq 5 points higher. in europe this morning check action, mixed performance, ftse 10 points and dax index in

germany is up 2%. in asia, shanghai composite top performer. we are watching retail this morning, more names reporting this morning, we are taking a look at that group, kohl's,al -- alibaba. >> in this game you're allowed to kneel, no old white man that can stop you. maria: more from the show, unsingle targeting the president's immigration policies, we will tell you about it in last night's program. a pair of goats looking to catch a ride on the subway, the animals were wandering tracks in new york city, wait till you hear tuesday morning, fox business network dagen mcdowell, the wall street journal editor jon hilsenrath and cfra invest