good night from new york. i'm gregg jarrett sitting in for >> with a lot of people but you and others that say the market will collapse a lot of bad things will happen and take a look at what has happened. with the greatest longest bull market in the history of our country. it turns out to be wrong great market indeed. asking market forecasters that call for a collapse to apologize. threats to this historic run are rising as new tariffs take effect in china and the u.s. legal problems for the former trump aides pop up. and it signals more and possible faster rate in hikes.

gaining one third of 1%. taking a look at what's happening in asia. mostly higher. it's apple versus facebook and a new showdown over privacy. is 501 '08 --dash mike a.m. here in new york. >> thank you for joining us. facebook versus apple sounds like batman versus superman. it certainly doesn't we're breaking news to get to right away. the trade war between the u.s. and china. they slapped tariffs and

$16 billion of each other's goods. mid-level negotiators for the u.s. and china hold talks in washington. my dad out this morning it does show that chinese grain imports pledge. after beijing imposed tariffs on u.s. shipments. talks on reaching a new nafta agreement are going to present today in washington. the two countries are close to resolving issues that seen in the way of a striking and new deal however some washington officials have actually backed off from those comments. we get more from her own jennifer show berger. with the strength and economy. with the policy meeting earlier this month. harping on stronger consuming

-- consumer spending. strengthening and the job in the job market all under my name. they do see economic growth fully down a bit in the second half of the year. from the torn pays a 4.1 percent in the second quarter. they do expect growth to remain above trend. on inflation. the close to their 2% target. they temporarily see it overshooting in part because it increases in pricing during -- due to tariffs. the negative effects from trade and agriculture prices could offset some of that. speaking of trade fed officials say that white businesses are concerned about it. they have not yet the -- cut spending or hiring. if it is prolonged they could eventually cut spending and hiring. if they become widespread that could hurt u.s. consumer purchasing power. for now it's not hurting the economy overall.

they see the economy in strunk shape and with inflation close to their target all of this sets the stage for the another rate hike in september. back to you. we do a programming note for you. edward lawrence will be interviewing esther george. 7:00 a.m. eastern time. on jackson hole gets underway today. it sounds wonky but it's really a good sign. it's a fascinating group. an exclusive interview with fox news last night. one of the jurors from paul manafort trial. it prevented the special counsel from winning a conviction against paul manafort on all 18 counts of bank and tax fraud. we all tried to convince her to look at the paper trail. we laid out in front of her. again and again.

and that's the way the jury worked. and present trumpets weeding earlier this morning no collision. definitely an early morning treat -- tweet for the president. white house press press secretary sarah sanders tried to put in much distance between the president and to his former allies. paul manafort and michael cohen. the felony charges on bank and tax fraud has nothing to do with the president in the white house or his campaign. sanders pushing back. after he pleaded guilty. with the felony campaign

finance charges. there are no charges against them. just because of michael cohen made a plea deal didn't mean that implicates of the president on him anything. and excuse of fox and friends interview. did you know about the payment. if understand what he did and they were taken out of campaign finance i tweeted about the payments. did they come out of the campaign. that could be a little dicey.

about his dealings with the president on the campaign even without immunity. they will need to answer questions from new york state investigators. as part of their probe into the trope for addition. whether the trigger -- charity broke the state law or lied about their tax liability. they spoke facebook taking action over privacy. pulling one of the apps from apple's app store. the wall street journal reports that facebook has pulled its data security app from the app store after apple said the service of violated its data collection policies. the app called owner will

protect allows users to create a virtual private network that redirects internet traffic to a private server which is managed by facebook. facebook is then able to collected collect it in less user activity. apple reportedly said they are violating the updated developer guidelines by using the data beyond what is directly relative to that or to provide advertising. >> first it was nyu and now disney is covering tuition. disney announced that its 80,000 hourly employees will be eligible to take online courses. employees can take classes towards a high school diploma. that ceo bob geiger announced in january employees will be able to start taking classes

next january. no strings attached here. more good news from disney. what are they doing with a certain game developer. they signed a multiyear deal with disney. zynga well also take over the life of live service of the star wars commander came. shares of zynga path nearly 8%. will seem just a little bit. we've a lot more coming up. hawaii is preparing for hurricane lane as it is buried bearing down on the island. we looked at the track this morning. and saw that it's coming closer than we thought. we are trying to prepare. where can have an update from adam kloss. he will have the track of the hurricane right now. and you can see it on your screen. >> the next time your grandmother asks you to help clean her house we've a story of a woman you definitely want to hear about. and take a look at futures right now.

on this thursday. slightly higher. you're watching fbn a.m. [music] ♪ ♪ adapt supply chains based on trends, tweets and storms. and make adjustments on the fly. ♪ ♪ the ibm cloud. the cloud for smarter business.

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time and time again, you know when i'm doing street magic..i'll walk up to someone and i can just see they're against me right? they don't want to be amazed. they don't want this experience to happen. but then the magic happens. ♪can we be there? and all of that falls away. ♪oh, just think of the time ♪i know that some will say come on man! ♪it matters a little babe. stunned. i believe in magic. it's the experience of waking up and seeing things the way you saw them before they became ordinary. ♪i needed to try (amazement & laughter) ♪i needed to fall that's the goal. i'm looking for that experience of wonder. ♪i need never get old >> good morning let's get you caught up on what's happening

now. we will show you u.s. futures as we celebrate the longest bowl record. looking at the futures. the have of ice is -- isis is urging his followers to keep following. he celebrates the recent attacks in canada in europe. he calls on them to use bombs kinda knives and more on the attacks. the democratic national committee said it foiled a hack by as cyber probe. two years after russian hackers unlawfully assess the dnc computers. the homeland security secretary said it shows that our system is working. we seek to metal and or influence our election. we will identify you and you will pay a high price. just don't bother.

in the attack on a political party or campaign is important for us all take seriously. they also caught this throughout the country. one woman cleaned out her grandmother's garage only to find not one but several exotic cars hiding under the clutter. you can see the cars are not in the best condition. fully restored. when grandma says help her clean it you clean. the big island of hawaii today. that island bracing for hurricane lane. they have approved at declaration. also i want to show you this amazing video.

the weather plane line directly into the eye of the storm. residents across the big island rushing to stock up. other air cross are being moved out of hawaii. i head of the storm which could make landfall as early as tonight. and president trump weighing in on the longest bowl run in history. when a lot of people. but you've others that say over the market will collapse. a lot of bad things will happen. we have the greatest longest bowl market in the history of our country they turned out to be wrong were to see if anybody is can it call bull on this bull run. i can't wait. don't tell me. mostly the market right now.

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i thought that was what i needed to do. we got our orders to go overseas and i went to baghdad, iraq. we were transporting a bomb sniffing dog to the polling stations. we rolled over two anti-tank mines, it blew my humvee up, killed my sergeant. after the explosion, i suffered a closed head injury, um, traumatic brain injury, loss of a limb, burns to 60% of my body. when the doctors told me i reached my plateau, i did not want to hear that because i do not believe i have a plateau. so, i had to prove 'em wrong, which i am doing to this day and i will still do until the end of my days. i've gotten to where i am at because of my family. and, the wounded warrior project has helped me more than i can ever imagine.

they have really been there to support me in my endeavors. my number one goal, basically, is to get close to where i was. i am more than ready to work hard to get to that goal. i am living proof to never give up and i will never give up.

>> major milestone on wall street yesterday as a longest bull market in history officially goes into the record books. the chief investment officer. good morning. obvious question here. how long does this bull market to keep a running. i think it keeps running as long as corporate profits keep running. good corporate profits.

>> what did you make of the release and fed minutes yesterday afternoon. i think they're taking a very balanced look at things. they realize it may just be temporary. literally watching what's going on with trade and tariffs. if that derails the economy they will slow down. in effect on $15 billion in additional chinese imports. in u.s. imports. what the tariffs you. they release prices for consumers. and then you have the fed who has since december 15. already hiked rates seven times. if they continue to do so to combat inflation created by a potential trade war do you think that could hurt the economy.

when prices go up in consumer spending is two thirds of the economy. once again i think the fed will take some of their pushoff if they think of the economy is hurting. and that slows down too much. >> what do you expect to hear from john -- and jay foul. i think he will stick to the script that's very similar to the minutes. all the upside potential. the fed is not creek deck anymore. do you feel that the way the president is lane on will affect his messaging.

and the people want the fed to be independent here but when you have the president talking about the fed in the fact that interest rates need to remain low does that affect what happens at the central bank. the president talks about a lot of things that he wants done. i think it remains independent. i think they are here for price stability. i think they go with the game plan a game plan that they have laid out. thank you so much for joining us. have a great day. >> we do have a programming note for you. you can see that this morning 7:30 a.m. it gets underway today. alright coming up is a trade war between the u.s. and china it escalates. the key part of middle america is caught in the crossfire.

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together, we can save lives. with a lot of people bring but others said the market will relax. take a look at what's happening. the greatest longest bull market in the history of our country. they turned out to be wrong it's official now. the asking market forecasters to call for a stock market collapsed to apologize. new tariffs take effect in china and the u.s. today. and questions is around us around legal problems for former trump aides. what does this do to the market. they're relatively flat this morning. the nasdaq is down fractionally. they are worried about the new u.s. and china tariffs.

now all european markets are in the green. a mixed bag. oh yes a oprah. she's rolling out a new product line. fbn:am continues right now. it's about 5:30 in new york. good morning to you. american farmers continue to be impacted by tariffs. they still support president trump. one of the biggest foreign auctions in the country. we are here in hamilton illinois. it's about to be sold. $27,000 it appears.

they been battered by the tariffs on them. imposed as a result of the trump administration. their corn and beans also getting hit. it is a twin hit that they're taking. because they're also experiencing a tremendous yield this year. it would be all-time records or at least close to them. also driving the prices down. most of them here. we started the trade negotiation. i think he started it so will finish it. were just words all waiting for mister trump to make it right. it's can get better. it's a political game. they need it done years ago.

>> i think it have to happen. my optimistic yes. i think they will get it fixed. president trump has promised aid to farmers. by buying something use as opposed to new. >> impressive. does anybody understand what they said. i don't know how jeff kept his conversation. thank you jeff flock. love you. the u.s. and china are escalating their trade were implementing new tariffs on $15 billion of each other's goods. it brings to 50 billion the value of imports selected. more may be coming.

good morning. i think jeff actually bought a combine at that thing. >> besides the fact that the farmers are saying we trust the president. were down $50 billion and tariffs. there talk about another $200 billion. what is the market can a truly react to this. they artie talked about in their last meeting. you would never know that the tariffs were kicking in. the u.s. dollar is actually trickling back up. these are all things that you want to think would happen with another level of tariff kicking in. and at just not that high of tariff. a lot of the items were freaking out about. it could be eaten by the system. as a 25% tariff which is what is coming down the line on $200 billion. that serious business.

there is a perverse boost going on here. they don't want to raise rates fast because they're worried about the next stage of a trade war if it spreads in other countries. and as artificially boosting stocks. there's not that much drag from the tariffs but there is a boost of industry which might be higher if or not are not on the end of the trade war. i've seen it with the cradle to the coffin and everything in between. chinese made pumps are part of the $16 billion. a lot of industrial machinery. i think to your point that maybe these are went to be the full effect. but the $200 billion that were talking about comes up possibly in september. that will be the story. what about the market though. the stock market is taking a big hit. and there's a lot of pressure.

he needs to back off and he needs to negotiate. do you think this is happening this week. our stock markets are much better than the chinese stock market. you don't get a lot of voter pressure in russia. but you get to pressure from people running businesses. they are losing the trade war. what is the endgame for both parties. they are both kind of tough guys. i do know it the way out of this is. unless it spirals out of china. and you start seeing tariffs on german autos. it's not unmanageable. that is down 62 and half percent. from what they brought in just last year. do something like this i keep

getting pieces of the story. we buy it so much more stuff how much can we lose. the german automakers are already freaking out. those are being hit with a very high tariff. those prices are going up. it's a lot more complicated than they think. we did not even get to mexico. thank you for being here. it's good to see you. saudi aramco is putting their eyes on hold. they got the story and some other headlines. making news again. >> saudi arabia has reportedly called off both the domestic and international stock lifting of state oil. they say the government is still committed to it. in accordance with the appropriate circumstances and appropriate time chosen by the government.

>> oprah is opera is making food but it's good for you. she extended what she started. with the refrigerated soups. she is expanding to the freezer with frozen people -- frozen pizza. is continuing adding vegetables into to classic dishes. they come in several different flavors. i've have cauliflower pizza, it's not bad. you feel healthier. each of us to -- each year vegetables. 279 episodes they had hit the big bang theory is ending next may.

>> at that will was marrying us? another sci-fi guy with the beard. this is it. the show which is produced by warner bros. for the final season on september 24. they are launching three new comedies this fall. a revival of murphy brown. well that be enough. there is good to be a huge hole in the networks lineup. those are the top paid actors in a sitcom right now. coming up everybody. president trump pushes for immigration reform. mollie tibbetts an incredible young woman as now permanently separated from her family.

we need the wall we need our immigration laws change and we have immigration play out in the midterms. you might want to reconsider. you will tell us just why. you're watching fbn:am. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spotting threats faster and protecting his data with the most securely encrypted main frame in the world. it's a smart way to eat lunch in peace. sweet, oblivious peace.

welcome back the u.s. features are pretty much flat right now. more violence and cancun mexico. eight bodies two of which were dismembered and shoved in plastic bags shoved on the streets of the popular resort city. the security and exchange commission worried about big point. they reject an application for nine separate traded funds. there isn't enough protection is not enough protection against fraud and manipulation. they tapped that in your ranking. the large portion of that though coming from the sale of this. the action movie heroes.

aunt robert downey junior. who is ahead of the best paid actors. that's it's happening now. >> the mollie tibbetts murder and the illegal alien charged with the crime a lot has been made about the potential political fallout from this tragedy. as a campaign issue. he posted this on twitter. >> a person came in from mexico illegally and killed her. we need the wall, we need our immigration laws are changed we changed we need our border laws changed we need republicans to do it because the democrats are going to do it. but a fox news poll said that immigration is not the top priority for voters. look at immigration its way down at number five.

how does this play out in november. and the democratic strategist good to see both of you this morning. chris, let me ask you first. why is it immigration a bigger issue for voters right now. >> when you have a media that is certainly not for it. and having to present trap doing what he did which is excellent talk about it and bring it continuously to life. what happened was wrong and this is exactly why we need to strengthen our border. it's very important to have a tough immigration policy. in the anarchy that is going on in our country against this immigration.

to have a stronger immigration policy. elizabeth warren is fame -- framing the issue like this. >> i know this is hard for the people in her community in her family and the people throughout iowa. we need an immigration system that is effective that focuses on where real problems are. separating a mom up mama from its baby does not make of this safer. for the president to use the story of this woman in iowa that was terribly murdered by an undocumented immigrant is just incredible to me. this is an outlier case. a majority of immigrants had good serving people.

it is just ridiculous. by the way this is important for people to know. there are more innocent citizens who commit violent crimes than immigrants. why are we making this into a huge deal. democrats have said this from the very beginning. that makes me think of kate steinle if you years ago. you're absolutely right. this is an immigration fact. the reality is this is an illegal immigrant that came in and they talk about personal separation. they separate this young woman from her family forever.

there is no other way to do it. it's time for america to come together to get on board and had tougher security and tougher policy. i'm curious to see how you think this will play out. there is now an 11-point edge that more voters are can it go democratic in november versus 38 percent for republican. it's immigration. the concerns for voters. how does this play out in november. they will actually have a huge role in the selection. i'm confident that leptin is across the country will come out and there to say we don't need separator.

we have the president and republican who try to take away from healthcare and obama care for millions of people. this is why you see democrats say there to come out to vote. working to take back the house in congress. it's because we have a president who is trying to tear this country apart. instead of actually putting forth solutions for all americans. this is coming out of france right now. isis is now claiming responsibility for the deadly attack that happened west appearance. one person was killed two others seriously wounded. they have neutralized the attacker. the attacker was shot.

there been a number of high profile terror attacks. you're looking at some life pictures. it's west of paris. you can follow the european markets and their reactions to this as well. ohio state has suspended the head football coach for the first three games of the buckeye season. in tiger versus phil. it's all set. it's can gonna be a little pricey. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs.

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>> hawaii is bracing for hurricane elaine. it's currently a category form storm. they will be picking up later today. currently it's category four storm. as we continue to track it over the next 48 hours or so. to eventually by the time is perpendicular. down to a category one storm. the winds will be weakening as it continues to move. i makes a very short turn out to see.

they are going to be noticed in this. it's something we will be paying attention to. back out here in the main lands. urban meyer has been sidelined. although neither urban meyer or athletic director gene smith come down or covered up the alleged abuse. they failed to take submissions -- sufficient management action. both meyer and athletic director smith suspended without pay. he will not be able to coach the first three games.

the trump make america great again committee has sent out an e-mail. to get espn to air the national anthem before monday night football broadcast this year. i'm calling on you to join me and announcing this a is spineless surrender to the politically correct liberal mom. yesterday cbs we do not plan to show the intimate life. let's get ready for some fun times. it is called the match. it's going to be on pay-per-view. are you gonna pay to watch tiger woods you can watch for

free this weekend. as a playoffs begin. but that's an interesting one. you can catch that sports report. we are going across the pond. we are going right back.

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cheryl: trade dispute between u.s. and china playing in commodity, let's bring in scott shellady, managing director at tgm, scott, what say you, sir? >> let's put it in simple terms and lever the big words for the guys in new york, it's a stair-down contest like playground in school. donald trump built a big store of political capital he can spend on the problem and the chinese, and for that matter, europe, have economy melting in their eyes, the farmers in the states in which we have family farm are giving capital to spend, it's not a bottomless pit and china can't watch economy melt in front of eyes forever, this is about time and whomever has the store of capital will big. lauren: give me a stairdown,

scott, about the fed, what did you take about the federal reserve minutes yesterday? >> they are still worried about inflation, we have thrown a lot of things with what the president has done as of late, you see what the equity market has done since elected. and always remember, recessions have been ruined two things, inflation and the fed, we are struggling building the inflation and fed has bounds 175 and 2% and keep that, if their fed bound gets above 2 year we have seen recessions trigger, keep an eye on that. cheryl: scott shellady, appreciate it. lauren: thank you for joining us, we say good morning to maria bartiromo, mornings with maria starts now. maria: morning to you, happy thursday, thanks for joining us. i'm maria bartiromo, august 23rd, stories right before 6:00 a.m., breaking news this morning, knife attack in

france, one person killed and two others injured in suburb of paris, suspect was shot and killed by police. trade tensions to report, tariffs going into effect overnight. markets look like mix, not a lot of activity not so far from where they closed yesterday, dow industrials up 1 point, s&p 500 a quarter, the nasdaq down 1 and a half, this after mixed day but the decline in dow and s&p not stopping bull run from becoming the longest bull run in history. dow industrials yesterday down 88 points, s&p 500 down a fraction, nasdaq was up 30 points, markets this morning look like this, european indices are mixed, ftse up fractionally this morning, dax index down a fraction, 7 points lower in germany. and in asia overnight, markets finished mostly higher with the exception of hong kong and index

down 1 half of 1%. residents are preparing for biggest threat in decades, new picture in space show how massive the storm is, investigators in iowa are working to figure out on the immigration status of the man accused of killing mollie tibbets gave false name and president renewed immigration. >> we need the wall, we need immigration laws changed, we need border law changed, this is one instance of many, we have tremendous crime trying to come through this borders. we have the worst laws anywhere in the world. maria: latest developments this morning, meanwhile the saweddia ramco in doubt today, the oil giant putting offering on hold, the kingdom it's insisting