testify before the oversight and judiciary committees that is going to do it for tonight gregg jarret in for lou dobbs thanks or for joining us. hope you have a great weekend everyone. [sound of gunfire] >> video game reportedly angry about losing goes on a shooting rampage in florida and breaking overnight, the fbi has raided a townhouse in connection with deadly shootings. >> to your markets records on friday for the s&p and nasdaq we are going to look at what is next on the docket for investors this week. >> but comments from federal reserve chair jerome powell lifting stocks on friday and right now strox still up nasdaq by 31. >> looking good there. let's take a look at trading closed in london today for a

bank holiday in germany an france majority the did open higher on that big wall street rally that we had. >> stocks in asia up too. shanghai composite gaining two percent and -- >> tesla ceo elon muck reverses course yet again what we now says about tesla going private. fbnam starts right now. >> it is 5:01 a.m. in new york monday august 27th. good morning, i'm cheryl casone. >> happy monday good morning everybody i'm lauren simonetti. >> well let's get to our top story this morning. overnight, armed fbi agents search the family home of a suspect who opened fire on a gaming tournament in jacksonville, florida, yesterday 24-year-old david katz shot and killed two people before turning gun on himself 11 other were

robertson and 22-year-old lie clayton both talented players we want you to listen to audio recorded on a live stream of thecht that captured true horror of the scene. >> it is not tough today or easy out. [sound of gunfire] oh. >> wow. he was a regular competitor in the tournaments witnesses say he became angry when he lost. and he opened fire on the venue. this is the second mass shooting in florida in about six months time. cheryl: switch gears to remembering late senator john mccain. and his legacy -- the respected republican lawmaker and vietnam war hero died on saturday at the age of 81. >> he really was a true bipartisan champion someone who is focused on getting things

done for the american people and he had that political courage. even when his own party disagreed with him he wassing will to get out there. because he know that we need to involve problems and he wanted to make our nation better. >> i think the the very best story is not one that he told but one with that he showed. if you just watched and put his jacket on he never complained about what he went through. but the pain of putting on a jacket raising the hand, it was more than a speech, it showed the sacrifice. people talk about they have a temper who was passionate that was certainly the case. but he would quickly forgive and move on. and to see the good in his opponents that is something that particularly these days we can use a lot more of. that's a lesson that he taught even. >> condolences coming in for the mccain family over the weekend. now senate minority leader chuck schumer plans to introduce a revolution to rename the

senate's office building after mccain and the lake you saw there by the way he wants to be first republican to cosponsor that. >> late senator will lie in the capital on friday a funeral will take place saturday at washington national cathedral, and a private memorial service will be held on sundays at u.s. naval economy chapel in annapolis now nafta agreement could be announced as soon as today. that optimistic viewer from chief trade negotiator following weeks of negotiations between the u.s. and mexico that is taking place in washington or break through would allow canada to rejoin these talks. >> ken on sunday morning futures he say he believes nafta deal is close. >> we vote on it in next congress but that nafta needed modernization we needed to open market open remember when this was written in the 90s and think of what financial markets have done.

agriculturally we have to have better market going through. lowering tariffs letting america's product there is. that only builds to the future. >> president trump was pushed hard for a new nafta agreement has said current deal eliminated hundreds of thousands of american jobs. >> well president trump talking up strength of the u.s. economy, taking to twitter yesterday. he said fantastic numbers on consumer spending released on friday stock market hits all time high and it will get as as i've always said much better from even here. and then president tweeting on friday economy is setting records on virtually every front probably the best tremendous value since the election. world is expecting us again. companies are back to the usa. meanwhile president trump will meet with kenya president at the white house today, trump and hora will discuss trade and security. the second african leader to meet with president trump at the white house they're also going to speak with american business

leaders during the trip. well tushes out tesla will remain a publicly traded company afterall. >> tracee carrasco has that story and latest headlines making news and tesla making more news. >> that's right. elon muck says he will not turn tesla into a private company this comes more than two weeks after his shocking tweet proposing the idea. musk said he came to the conclusion after consulting with shareholders and no longer believes tesla would be better off as a private company. musk also did not back away from his claims that he had already secured funding for the deal. tesla board said in a statement that muck disbanded special committee form to consider the move. >> well see what happens on twitter today meanwhile stand by for more. what happened to the box office this weekend? >> a little more of the same of this week and another impressive weekend for crazy rich asians at the box office. >> he has to send money.

and get you checked in -- can't afford this so that is comfortable. that is what a rich perp would say. in second weekend in theaters crazy rich asians holding on to second place -- shark thriller megawith 13 million in third place, the happy time murders debuting with a disappointing $10 million. rounding out top five mission impossible fallout and christopher robyn and a world record was set for ferrari for any car at auction over the the weekend. >> big numbers here a 1962 ferrari 250gt0 sold for 48.4 million dollars at the rm70s annual monterey collector car sales this is a world record for any car ever sold at auction there are only 36gto ever made and this ferrari won 1962 italian gt championship, and more than 15 race victories from

1962 to 1965. now the previous record for a ferrari gt0, 38 million at a auction. >> fun getting updates from our correspondent adam shapiro out -- yeah he loved it. thank you so much. appreciate it. all right, well coming up, we just talked about never a dull moment for tesla. as elon musk has reversed course again -- what is next for this company what are they up to and talk more about it in a moment and hawaii cleaning up after hurricane lane leaves the island. swamp, 45 inches of rain we're going to have an update for them. taking a look at futures right now we can see a nice little pop to your market new records on friday for the s&p 500 and nasdaq here question go again up 7, nasdaq up 31 and you're watching fbn:am. this is frank.

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cheryl: welcome back let's get you caught up on what's happening now taking a look at future os your monday more records for the s&p and nasdaq dow up 74 and a premarket. s&p up 7, nasdaq up 31.5. well tropical storm lane is not dumping 46 ismgs of rain leaving hawaii nearly underwater as it drifts away from hawaii officials are warning that

lingering showers could trigger for flooding and landsliding telling residents there to remain vigilant. well candidates are making their final pitch to voters today before critical primaries tomorrow. in arizona, congresswoman martha mcsally former kelly ward and mare retiring jeff flake's seat. then in florida trump endorsed ron who will square off against adam in the gop primary for governor. and current republican governor rick scott is the favorite to win the senate primaries sending up a showdown against incumbent democrat bill nelson. well, the dnc voted to ditch superdelegate when is picking a nominee superdelegate helped secure the 2016 nomination over bernie sanders rules past 37% of the vote and that's what's happening now. lauren over to you. lauren: tesla making a big u-turn with ceo elon musk saying his company will remain public

afterall. the news comes a bit over two weeks after musk sending shock waves through wall street when he tweeted that he was considering taking his company private in would have beenest buyout ever and group president and fox news contradict tore gary b. smyth joins us now. gary, why the change of heart for musk in your opinion? >> well, i think it was a number of things, one, first of all there's a very good background story in "the wall street journal" this morning that everyone should take a look at. but the basic premise is that maybe this wasn't well thought through. first of all when he said he had funding secured, he really didn't. he had the board had to scramble, he had talk with the saudis they were thinking about bringing in another autocompany like volkswagen that trump -- not trump -- i'll get to that musk wasn't happy with. he thought he would be kind of getting rid of the grassroots support that he had.

he, obviously, be on to even more scrutiny because the big hedge funds and whoever invested it would want tighter rain and i thought at the end he said you know what it's not a good idea. >> i don't mean to be crude here gary but do you think he's sane? >> that gets me to my -- you know what i said about trump more about slipping the the tongue. it is very difficult to know is this some part of a master scheme you know when he talks kind of off the rails so -- you know is he really fit to be ceo i don't think he's insane but by all accomplish ms he's brilliant. the question is should he be ceo of a public company? look a public company can have any ceo it wants. is he doing the best job for its shareholders, though? this kind of unpredictability trying this, sell ising flame throwers, making tunnels, i'm not sure it is a shareholder

that's the person i want as a ceo. much like i'm glad or facebook must be glad that cheryl sangdburg is there as ceo to kind of reign over mark zuckerberg more wild tendency. >> now that tesla face public i'm not sure how informs tore feel about that in the premarket gary. tesla shares are now down 4.4% as i speak. going private had its challenges challenges -- i would imagine staying public has its challenges too. how do you keep investors loyal and confident and you have fec investigations? >> well the fec investigations is one thing. i think probably end up getting slap on the my take is that will be nothing but bigger issue is what you allude to how to keep share hold terse happy. only way to do that is to either give them a sense that somewhere along the line this massive buildout is going to be profitable aka amazon for years and years.

people believe to believe that the revenue model would, you know, could produce profit. frankly, i would avoid tesla. one is as long as he is unpredictable but two, just the scale. on a good year they're going to sell maybe 100,000 cars. you know, that's dwarf by four what's four going to sell a 4.6 million cars. they're ten times bigger in revenue i just don't think it is a good fit for investors. wall street is echoing your sentiment this morning. gary thank you very much. >> bet lauren. well coming up, the president having a change of heart. mike pompeo negotiations with north korea is china to blame? and remembering john mccain. we're going to talk to former mccain advisor about the late senator's legacy and patriotism. you're watching fbn:am.

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♪ >> despite our differences, much more unites us than divides us we are fellow americans. and that's an association that means more to me than i any other. [applause] the maverick senator john mccain is being remembered around world this morning. the six term senator and one time prisoner of war. leaves behind a legacy that transcended partisan politics and united our country. our next guest says everything you need to know about john mccain was el bodied in the 2008 presidential campaign slogan, country first. joining us now is former mccain palin presidential campaign ford, good morning.

>> good morning it is sad to be here on a terrible note look with passing of john mccain america lost a patriot. a true public servant and a good man and while we came up short in the 2008 presidential campaign, it was truly honor to work for him. >> what is some of your most fond memories of working for him on that campaign in 2008? >> well, really it was the totality of a circumstance you know, his motto in 2008 was country first. it wasn't specifically about democrats or republicans for himself or obama. it was about the direction of the country and america at first in essentially you felt like you were working for something bigger than john mccain. you felt like you're working for the country and that's how he made you feel and trust me he could be stubborn to have back against the wall because honestly president obama was a great candidate as well. >> it is interesting too when people would go after -- presidentbarack obama he would k a little bit. right? this was something that you witnessed where he would say no, look he's a family man it wasn't

that -- nasty political are the are lake we find ourselves in today. >> well exactly. look, it was actually in october rally in minnesota and one of the supporters tried to claim that obama was an arab and john mccain said he's a decent family man citizen. and let me tell you something he got a heck of a lot of booze in that town hall but that's just how john mccain was. his differences with obama were policy based. they were not personal and un you're never going see at least right now a presidential nominee of either party go out there to defend their opponent because of the partisan major politics we're currently had. >>what do you make of the mierkt leader in the senate right now repghts to rename after john mccain. what do you think john mccain would think of that? >> i'm not so sure he would be proud that his -- political opponent chuck schumer would want to go to that length but john is someone who felt privilege in the way he lived and he wanted people to understand service to america and what it was he trieded to

give to america he's really about the country. not himself. >> he's going to leave a foreign policy void you know like i said -- top of the segment known as maverick but he never let up when it came to russia. he was posessed -- opposed to war with russia and troops overseas. he felt he seemed to me like internationalist to make sure our strength, military around the world was protecting other countries. do you think that void is going to be filled by anyone else in washington now that he's gone? >> look john mccain was a true statesman i think there will be a lot of people who will pick up the ball and there was somebody who used to travel with him all of the time who basically learned from john mccain and that was senator lindsey graham who continually always by john mccain's side. as he would travel the world and really check out what america's enemies were and who america allies were. >> real quick before i let you go. i wonder for he had any discussions with governor doocy of arizona about who should

replace him on basis with a special election. governor doocy said he will not have this discussion until after john mccain has been married? and it is a real balancing act i think i'll leave that to governor doocy unfortunately in time of mourning for a lot of people there's a lot of people who are biting at ankles to figure this out and a it is going to be very, very important one thing that john mccain would want to see is cavanaugh confirmed. >> interesting well we shall see who hopefully takes on his legacy and continues although i think he's really at this point irreplaceable. o'connell thank you for your personal on john mccain. >> thank you. >> municipal if you thought apple iphone 10 was big, just wait for the next iphones. [laughter] if you like beer, and you with like going on vacation, we've got the holings that you should be staying at. let's check stock market futures this morning looking pretty good and continuation on fridays and

last week dow up 75 s&p up 7, nasdaq gaining 31. you're watching fbn:am. ♪ you'll only pay $4.95. fidelity. open an account today. ♪ ♪ fight security threats 60 times faster with ai that sees threats coming. the ibm cloud. the cloud for smarter business.

[sound of gunfire] [bleep] cheryl: from a video gamer angry about losing went on deadly rampage shooting rampage breaking overnights now the fbi raiding a town home as they search for clue. in the markets on friday for the nasdaq take a look at what's next for investors today. cheryl: comments from fed chair jay powell lifted stocks on friday and futures are picking up on gains up 75 in premarket. s&p up seven and a quarter

nasdaq up 74. >> good in europe although trading closed but you can see in germany and in france are each up half of one percent. >> in asia they are soaring after central bank move to boost the chinese currency and the composite nearly 2 pbt in hong kong and jumping over 2%. >> tesla ceo elon musk reverses course says that company will remain public. but critics say there are new questions about the leadership of elon musk fbn:am continues right now. we're coming up on 5:30 a.m. here in new york it is monday. august 27th dporng i'm cheryl casone. >> good morning everybody thank you for joining us i'm lauren simonetti. >> he's at it again tesla ceo elon musk reversed course, now says that his e company will remain public following share holder objections so moved

possibly take the company private let's bring in dominic wealth advisors. we're going to -- good morning we're going to get to markets and gdp in a moment but let's kick off with tesla now there's a lot of questions about should elon musk be in charge. should he be running tesla. what do you say? >> look he basically created this -- he's going to continue running, and he controls most of the company, so that's not even going to be up for discussion but he can't keep doing what he just did and he's going to clean up his act a little bit. >> stock is down 4.5% on premarket as we can see on our screen let me ask you about things going on with markets. friday we have s&p, and nasdaq brand new records set because of frankly these dubbish comment from jay powell powered speech that gave seems to me all is well and doapght worry about aggressive rate hikes what do you take of it? >> things on horizon that has and could worry markets but he took one powell took one off the

table so they've -- looked at very controlled steady process here of raising interest rates, nothing seems to -- get away from that game plan, and i think we're looking at least one possibly two and it's what market was expecting, dubbish overall on inflation good news overall? >> the general thinking seems to be likely have one in september and then a good chance of a december hike as with correct? >> you can count september one in, basically embedded in. the one in december still kind of question mark here, but i think that depends more on go political events than does economic. >> trade tariffs with what they did discuss with minutes last week let's move on that could make a change, obviously, the tariffs fight with china. that's not going anywhere. the negotiations had no resolve of the issues from last week the lower level negotiations. wednesday we're going to get our first revision for the second quarter 4.1% in q2 but what do

you think market reaction would be if it was five lower? >> the first quarter actually was revised low and slightly so the markets didn't react very negatively to that. i wouldn't be surprised if the -- second quarter gets revised actually lower. hopefully keeps the forehand and 3-9 i don't think markets will react terribly to that. the third quarter is looking very positive and it looks like it will be at least in the three handle again. i think we're looking forward rather than looking backwards. >> good. i thought july personal income when we get employment reports every month you don't see wages picking up like i know a lot of folks would want to see. the front do you think personal income will be for july maybe more shaky and moving. >> it will affect markets look we've seen some increase in wages but a lot of people reentering the work force, and as much as new job creation numbers and spectacular month over month now people coming into work force sucking up some of that increase in wages also

underemployed is sucking up some of those increases in wages so that's helping a lot. but we could see that number soften a little bit. >> don great to have you on the show this morning. nice to see -- appreciate it, sir. well president trump is canceled secretary of state mike pompeo plan visit to north korea sites insufficient progress on denuclearization. president also tweeted, quote, because of our much tougher trading stance with china yods not believe they're helping with the process of denuclearization as they once were and bring in james the vice president of national security, and foreign policy at the heritage foundation james, good morning. >> good to be with you. why do you think the president abruptly canceled the trip? >> instangt replay of the letter if you remember before the the singapore conference they weren't getting it so they canceled the conference. it was a strong that he wasn't pleased with the the by negotiations were going. i think this is exactly the same.

>> what has north korea done to show that it is stopping its denuclearization? >> well, the good news is they have not conducted any additional nuclear tests or missile tests and haven't done any other highly provocative activity that's on the good side. other side of the ledger this is key is you can't denuclearize until you start with a complete and verifiable list of everything that you have, and north koreans have to deliver that up front. and they don't want to do that. >> what do you make of critics who say that president is flip noing on many issues and the north korea issue and i bring up the china aspect of this. he had tweeted on friday that -- china wases not helping on the issue with the denuclearization in north korea. but then one day later he told fox and friends this, take a listen. >> the reason i even waited was because of north korea because i wanted china's help otherwise i would have done it sooner and

china has been a big help and i hope they continue to be. >> what do you make of that? so >> i put everything that president says and tweets in the context of the overall policy and if you look at the overall u.s. policy, it's actually been very, very consistent. the demanding hasn't changed. it is -- north complete denuclearization, and the game hasn't changed had is administration said look we have maximum pressure on missile conventional and heavy sanctioning and that -- that pressure remains the same until the united states assured that they are on a clear path of denuclearization so actually within i think administration has been pretty consistent in its demands. >> do you think pompeo feels that his negotiating skill ises have been undercut here by the president? >> well i don't think they have. because i think the united states has been consistent in its goals and -- they have been sending messages

to the north koreans. and look, with i think frankly the north koreans have misinterpreted what they thought was goapg to happen and thought they would you get something we get something is process and testing the united states. and i think the pompeo knows the president know this is, and so i think -- having their consistent strategy in place, and then the united states is trying to demonstrate it sincere about negotiating that is the role it has been playing. >> thank you very much. >> thanks for having me. >> how big does your phone need to be? this is the question we have right now a l is getting are ready to release their biggest phones yet. >> other headlines making news but tracee isn't ipad just a regular iphone? >> you're walking arranged basically carrying an ipad next year. but lots of rumors about the new iphones apple said to unveil next month we're still

expecting three new phones to be released we don't know exactly what they'll be called. possibly the iphone 9 that's updated iphone 10 and then iphone 10 plus with a 6.5 inch screen and dual sip cards and new iphones reportedly bigger in size with bigger battery updated iphone 10 will completely replace the current iphone 10. >> all right. sticking with apple it is now auctioning off its first computer. yeses that's right you could own a little piece of a physical history by bidding on an apple one computer. this september, the the apple one is designed by steve jobs and steve in the 1970s is fully operable. the computer will be auctioned off at invaluable.com, and is expected to go for 300 to 400,000 dollars. now of the 200 apple one computers made there are reportedly only about 62, 70 left so if you want a piece of

history there you go. >> okay if i can afford 300 dollars -- [laughter] so hotel room with beer tays. this is a bear hotel is that riewght? >> maybe this is a hotel of the future. but the world first ever hotel inside a brewery officially opens up today there it is on your screen. it is the dog house that craft beer theme hotel inside of the brew dog brewery outside of columbus, ohio. the the hotel has 32 guest rooms including 8 suites to overlook brewing facility and workers all a of the room come equip with beer tap as well as beer fridge in the room and? shower you'll also be given a beer when you check in the lobby room prices start at $160 a night although i bet prices will go up. >> i also read that they are going to have a beer breakfast an pair your beer with different -- different courses of your breakfast so beer is for breakfast. >> well next time i tell my husband he's in the dog house i think he's going to want to go

to the dog house. trace thank you very much. [laughter] all right coming up, the deadly shootings at a video gaming event in jacksonville, florida, how does this impact security events? as a economy administer is ousted? let's show you market reaction to all of the news today honestly wall street is taking all in stride because they have dow futures up 74 points. nasdaq gaining 33 you're watching fbn:am. the employee of the year, anna. [music playing]

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>> and welcome back let's get you caught up on what's happening right now taking a look at futures on monday looks like we might have more records and dow 75 s&p up 7.25 and nasdaq up 3.25. iran oust economy administer yesterday he had been criticized for his unfitness to fight economic war since president trump began opposing the sanctions. meanwhile u.n. top quart will start hearing iran's lawsuit over the sanctions today. iran is arguing that the sanctions violated 1955 treaty between the two countries. pope francis is refusing to comment on ac disaixes that he covered up sexual abuse. a former vatican ambassador to

u.s. had the pope news early as 2013 about allegations surrounding then cardinal and he ignored them. france accepted the resignation after a u.s. church investigation found accusation that he sexually abused a minor and that abuse was, in fact, credible. play right neil simon died over weekend he was nobody as king of stage comedy. simon once had four shows on broadway at once. a bore new yorker simon died at hospital around 1 a.m. sunday and he was 91 years old. lauren, neil simon and odd couple. need i say more. so talented. >> indeed all right well 24-year-old man opened fire at online video game towrm in jacksonville, florida killing two before fatally shooting himself. rampage raises concerns and questions about security at e-sports events joining us now is steve rogers former fbi

national join task force officer as good morning. we've seen a rapid rise in e e-sports. do you think there should be more security at the the venues? >> well there are a couple of issues here. number one yes, they're going to have to these venues are going of to reassess security concerns, and dot best they could to make sure that in the event something like this occurs that there are trained arm personnel who could prevent this but saying that we've had committee meetings for years panel discussions for years about about this -- problem of violence. nothing has been done, and what has to be done is we have to look at the mental health of the nation, the violence 24/7, being fed to a young generation of people from -- from kindergarten age so this has to be looked at, studied to address mental health condition of the people of this nation. >> how it affects florida specifically steve 17 were killed in park land, florida earlier this year.

five last year -- at the fort lauderdale airport, 49 at pulse nightclub in 19 in orlando. i want to you what is, listen to what governor rick scott had to say. >> i really do believe we all have to step and step become and say why is this happening? why have they changed outlook on life and why don't they value -- value life? you remember getting at that steve what do you think about what governor is going to say? >> he has a point and change value of life if question go back to strong family unit. we have to get our pastor and people across this nation reengaged with the individual spirit of man. you know if heart of man doesn't change all that we try to do politically is not going to change anything. so there has to be a massive community effort to bring back those -- those values that we were grounded on and founded upon in this nation and it has to do

with spirituality. people don't want to talk about that but i will. so if we reengage with pastor, local pastor and temples whatever at least it is the beginning to make some sort of change with regard to what the governor said as we look at the value of a human being. >> do we know anything steve about the possible mote i-for this shooter aside from the fact that he lost the game? >> there's the unanswer ad question that has to be answered it shall this is why police are doing a forensic study of this ipad, computer and what in the world was on this perp's mind was this preplanned or go but a lot will be told and revealed once motive is found. >> quickly steve fbi has raided his family's home in uppart of maryland. what do you think they're looking for and -- do you know if they found anything? >> well, they're looking for his computers his electronic foot prints where was he on his computer the day before, the

week before that's going to tell a lot if they're able to find information on them. but right now they're at a dead end. >> steve rogers, thank you. >> you're welcome. >> well coming up, is the roar gone from tiger woods this game -- we're going to have highs and lows of this performance at the northern golf tournament, and who doesn't love the little league world series, i mean it is -- it was hawaii versus south korea. we're going to have highlights coming up next, and what's next for the s&p and nasdaq we may have new records today, again -- for those two and have s&p up 7 nasdaq up 33 and you're still watching fbn:am. running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more.

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>> welcome back, it's playoff time in golf, and jerry max is here with a recap of the northern trust. hey, jared. >> happy monday gets underway four tournaments with a winner in the end gets $10 million. 125 golfers competed at the northern trust this weekend. in paramus, new jersey only 100 make the cut in second round of this week in boston. at the top of the list right now there's the 24-year-old american won for third time in 13 months cruisessed to 18-under par five up on billy and a.m. con smith. tiger woods got a driving on the the right course but tiger putting finishing what 14 shots back tige her compete later this week in second round of playoff the dow technology championship outside boston. with a state of hawaii

recovering from hurricane lane a group of yuck baseball players from honolulu took to field yesterday against south korea in championship game of the little league world series. and hawaii got an early home run and team never looked back. south korea managed only two hits all game hawaii wins 3-0 first tilings for hawaii in ten years. and -- they win the sport again one of what 7 states that's one of three times. 40 years since boston red sox blew a double digit game lead in al east and lost in the end of the yankees fans in new york wongd could it happen again. double digit lead is and red sox swept by tampa and yankees winning last night 5-3. one too many yankee won of three players ever to hit home runs in eight straight games. well blue jays one home run shy of joining club. deep for seventh straight game

and lost to philadelphia. remember last nfl season, buffalo bills fans flooded donation into the foundation of quarterback because they threw a touchdown that beat baltimore and check this out. yesterday love fest continues. buffalo bills fans give andy cincinnati standing ovation at a preseason game because he helped him get into the playoffs all of that through his foundation and send love and beat up bills yesterday. >> i hate to -- nice news i suppose. >> i like seeing hawaii win. you know, because of what's happening in the state right now. i just smile about -- >> yeah. thank you. and happy monday you can catch his sports reports on fox news headlines 24/7 on series xm channel 15. >> we have a lot more coming up. haven't talked about it yet but oil prices are under pressure ahead of this big opec committee meeting tomorrow we have details on what to expect. that is next.

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and he feels like he actually has a purpose. ♪..home there's tension in opec ahead of a committee meeting tomorrow. that proceeds the next opec meeting that's going to be in

december. getting it nice and early for us this morning phil flynn a fox contradict tore a lot of tension fill. what's going on? >> there is, right now opec has to deal with the possibility of -- sanctions on iran, come november. and they really are try aring to prepare how they're going to deal with that on global marketplace. on one hand they don't want prices go too far out of control because if that happens, of course, it could slow the global economy. but at the same time iran is saying hey wait a second guys this is our market share, the sanctions are unfair. you're not supposed to be doing the bidding of the united states and if they put sanctions on us, we don't want you to raise production to take away our market share. >> yeah. well -- makes sense but here in the u.s. our production, our oil recount that has dropped the most since by back in 2016 what's going on? >> i think what's happening here is seeing bottleneck down in the

basin and to be honest with you a lot of these shallow oil companies haven't been making a lot of profits. we've actually seen u.s. production actually start to fall a little bit. and it was beginning in one direction for a long period of time. so i think you're see some growing pangs that is restricting ability of the u.s. producers to continue to raise production, and that's really disturbing because we really have been counting on u.s. producers to fill the void for the lack of investment in other places. >> phil flynn phil thanks for joining us this morning we appreciate it. >> thank you. he's got the perpghtive and so does megyn mcdowell how are you? >> caught me looking at my phone. but it was important stuff. [laughter] i swear -- we'll see you ladies coming up shortly. thank you. both lauren and cheryl good morning everybody i'm dagen mcdowell monday august 7th your top stories at 6 a.m. eastern. tesla's makes a u-turn company

says it is staying public. and the news not setting well with investors. that stock is getting hammered in premarket trading. you can see it down more than 4.5% we dig into that story. and then over the weekend a shooter kills two during a video game tournament in jacksonville, florida. the suspect was reportedly in the tournament but lost. >> as i turned around and looked and -- shots everyone took off and ran for the exit. >> we see people screaming, running, our friend was in the game and we were going towards the -- east and he coming out running towards us. dagen: we have the the latest from florida. closer it a deal u.s. in mexico could announce a trade pack as early as today. mexico economy minister says, quote, we're practically in the final hours of the negotiation. futures this morning higher on that news 72 point gain on the

dow futures right now. this after major market gauge closed higher on friday nasdaq also s&p 500 finishing in record territory. the russell 2,000 also hitting a record. it was a winning week for the markets the dow was up 2 weeks in a row. in europe closed cue to the summer bank holiday, today -- and we will watch the european market. asian markets all finishing higher on day biggest gainer there shanghai up almost 2%. the hang sang -- even a better up more than 2%. the fight for 15 hits the happiest police on earth. walt disney world reaching to raise the minimum wage. and close call, the belgium grangd free off to a terrifying start this weekend one the drivers getting into a crash that knocked two other drivers out of the race. more of the incredible video later in the show. and here to break it all down republican strategist and