here. >> same here. lou: that is it for us. thank you for being with us. tom homan and tammy bruce among our guest tomorrow. hope you'll join us. follow me on twitter @lou dobbs cheryl: it's 5:00 a.m. here are your top stories at this hour. ththe trade war fight gaming steam. president trump threatened tariffs on $300 billion worth of imports this morning. we learned more about the president's decision behind those new tariffs. hundreds honoring the lives lost at a walmart shooting in el paso, texas. we learn more about the suspect and what may have fueled his rampage. and video showing brave ohio police officers saving people. cheryl: as senate democratic

hopefuls push for medicare for all, president trump may roll out his own healthcare plan. millennials are into social media, but they may not be social as you think. as the song goes, one really is the loneliest number. it is monday, august 5th. "fbn: a.m." starts right now. ♪ ♪ i love you. ♪ wait for you. ♪ i love you. ♪ yes, i do. ♪ yes, i do. cheryl: welcome to "fbn: a.m.." good morning, i'm cheryl casone. i'm deirdre bolton. i'm in for lauren simonetti. cheryl: investors are continuing to worry this morning after that trade fight escalation. more on that in a moment. look at dow futures, we're down

370 on dow futures, and the nasdaq is down 143 and a quarter. looks like it's going to be a rough morning for wall street. >> that's sending some investors into bonds. if you look at the 10 year treasury, it's close to a three-year low. cheryl: reports that the iranians have seized another oil tanker continuing to affect oil but surprisingly we're a little lower on the contract this morning. 54, 76, a loss of 90-cents. >> stocks in asia down, hong kong down 3%. the trade tensions between the u.s. and china really having an effect on the region. cheryl: all of that is affecting europe. you've got major red across the board. the london market, the french market are down both more than 2% and germany a gain -- excuse me, a loss, a big loss of almost 2%. investors facing losses at the opening bell. u.s. stock index futures down

sharply following the drop in asian markets. increasing trade tensions between the u.s. and china to blame. traders pushing the sell button last week of after president trump announced the u.s. may impose 10% tariffs on another $300 billion worth of chinese imports as of september 1st. the latest round of trade talks ended with no may r juror pro -- major progress reported. president trump ordered the new tariffs even though there were clear objections from his own advisors. cheryl: peter navarro appeared on fox news sunday and brushed off claims that american consumers will pay more because of tariffs, he said it's not tariffs but the federal reserve which is the biggest threat to the u.s. economy. >> these people who are putting out this information are the same multinational corporations that shipped off our jobs to china. we've lost over 70,000 factories to china, over 5 million

manufacturing jobs. i'm just telling you, we're not seeing this in the data. china, the value of their currency since we put the tariffs in place, by almost 10%, we're talking about putting 10% tariffs on the remaining $300 billion worth of goods. we're just getting back to where we were before they started manipulating their sigh. >manipulatingmanipulating their. they said the same kinds of things, the l same groups said the same kinds of things when the tariffs began. we're not seeing it. >> they said everybody's entitled to their own opinion, they're not entitled to their own facts. >> i have the facts. read the press releases and show me prediction that's haven't been -- i find it ironic that jay powell, the fed would come on and blame trade tensions when jay powell singularly is responsible for losing at least a point of growth on our gdp by

raising interest rates by 100 basis points and engaging in what's called quantitative tightening. the fed is the single greatest obstacle right now to strong growth in america. cheryl: well, all of this coming as china has reportedly asked state buyers there to stop purchasing agricultural imports from the u.s. president trump has criticized china for not following through on past promises to buy large amounts of u.s. farm products and now sales of huawei p smartphones are jumping in china thanks to a, quote, patriotic buying spree, sales surging by nearly a third of the phones during the second quarter. iran's claim that it seized another oil tanker in the strait of hormuz has the u.s. andal allies determining their responseses. they're pushing for an escort operation, aimed at getting safe passage in the strait.

cheryl: allison barber has the latest. >> reporter: iran reportedly seized another oil tanker in the persian gulf. iranian revolutionary guards seized the foreign tanker and detained seven p crew members on wednesday. the revolutionary guard claims that it was an iraqi ship smuggling 700,000 liters of fuel. the u.s. hasn't commented but the country's secretary defense and secretary of state melt with respective counterparts on sunday. mike pompeo asked australia to join a maritime security initiative, aimed at promoting safe passage through the persian gulf and strait of hormuz. the u.s. began to try and convince allies to joins what's known as operation sentinel. >> the promote freedom of navigation and freedom of commerce, and prevent any

provocative actions by iran that may lead to a conflict. >> reporter: germany said they will not participate in part because they believe the u.s.'s policy when it comes to iranian sanctions and maximum pressure is misguided. secretary pompeo says he is confident that global coalition will come together. >> there's lots of conversations taking place amongst all of the countries. they understand they have goods that flow through this region that are important to their own economies. >> reporter: australia's deminister says the u.s.'s request is a serious and complex one. they have not made a decision one way or another but the defense minister said they are giving the request serious consideration. allison barber, fox news. cheryl: hundreds of people honor the 20 lives lost in a horrific walmart shooting in i vigils across el paso, texas. we are learning more details

about the suspect and what could have fueled his hateful rampage. >> we have the latest from el paso. what is the tone like there? >> reporter: yeah, well, the whole community is just reeling from this shooting, at the same time pulling together. the suspect is held without bond, charged with capital murder in connection with the deaths of 20 people, people who lost their lives in the walmart in the shopping center behind me. meanwhile, federal authorities are investigating whether the defendant authored an anti-immigrant online post as they consider domestic terrorism and hate crime charges and the fbi is interviewing acquaintances of the defendant in the dallas area. >> through those interviews, we're putting the investigation together to be able to determine if he was part of a group or working with other individuals that were planning any future attacks. at this point we don't have any credible intelligence saying there's anything going on in the future. >> reporter: a video posted on

facebook shows the inside of the walmart when saturday's gunfire broke out. you can see someone hiding under a shelf as you hear shots being fired, a mother and father shopping for school supplies lost their lives while shielding their baby from the gunfire. >> i think they were all together, and the father tried to shield them. there was no way he would let anything happen to that child. >> reporter: over the weekend, el paso county sheriffly card wiles wrote about the shooting. he wrote this man came here to kill hispanics. i'm outraged and you should be too. this entire nation should be outraged. in this day and age, we are still confronted with people who will kill another for the sole reason of the color of their skin. beto o'rourke, who used to represent el paso in congress, joined hundreds of residents for a silent march followed by a vigil to honor the shooting

victims. >> we bore the absolute worst of it in a community for the last 10 year which has averaged 18 murders a year, for the entire year. we saw 20 people gunned down in one day. >> reporter: later this morning, president trump is expected to make a statement addressing not only the shootings here in texas, but also ohio. that expected to take place at 10:00 this morning. back to you. cheryl: jonathan, thank you very much for that live report from el paso. mexico is threatening to sue the united states for failing to protect its citizens in el paso. the victims include six mexican nationals. after declaring hate has no place in our country, president trump is expected to give remarks on the mass shootings today and democratic lawmakers are demanding a special session of congress to address the crisis. police releasing brand-new

surveillance video showing moments a gunman opened fire on a packed street in dayton, ohio, killing nine people including his own sister. >> [gunfire] >> another video shows people running for cover and police officers consistent p fronting the shooter. of -- confronting the shooter. cheryl: potential copy cat attack was stopped at a florida walmart just hours after the shooting in dayton. police say a man was intrigued by this weekend's mass shootings and threatened to, quote, shoot up the store. this was south of tampa, florida. the man's mother works at the walmart. the man is now facing a felony charge. hsbc ceo is out. tracee carrasco has the details.

tracee: the company announced after 18 months leading the bank, john flint is being replaced. he will serve as interim chief. hsbc released second quarter earnings along with the aannouncement, posting a rise in net profits. fox corp. is buying a majority stake in credible labs. the deal is valued at 2 $265 million. credible is a marketplace for consumer lending information. it is used by people to shop for loans and for mortgages. the deal gives fox a 67% stake in the san francisco-based company which is listed on the australian market. and victoria's secret reportedly hiring its first ever transgender model. valentina sempio posted an instagram photo at a shoot. the company came under fire following remarks made by the

chief marketing officer, he said transgender and plus size mo he's tells shouldn't be included in its fashion show. and that's what's happening now. cheryl: tracee, thank you. we've got a major selloff going on in the futures markets this monday to show you many this is an escalation of what we saw on friday on these new tariffs that are going to be levied on china september 1st, 10% on $300 billion. that's got investors rattled still. plus, some instability in asia. dow down 366, s&p down 43 and three quarters. still ahead, well, these trade tensions are mounting and the presiden president ordered w tariffs on chinese goods. this morning, we're learning new details about how the president made that decision that's got markets so rattled right now. and if you jump every time your phone rings, listen up. the fcc's plan to finally bring you a little peace of mind. you're watching "fbn: a.m.."

your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity.

cheryl: we've got a major market selloff on this monday, this is of course on trade concerns, this is carrying over from friday. asian markets affected by the concerns about the no movement that we've seen between china and the u.s. in the meetings between mnuchin and the chinese that didn't go he anywhere. the dow is down 369, s&p down 44 and-a-half, nasdaq down 149

points. we'll keep you posted throughout the hour on futures. deirdre: more violent protests this weekend in hong kong, the he pro democracy movement is holding a general strike today causing more than 100 flight cancellations, major traffic disruptions. in her first public comments in two weeks, carrie lamb says the city is becoming dangerous and unstable. >> such extensive disruptions in the name of certain demands or uncooperative movements have seriously undermined hong kongs' law and order. deirdre: lamb maintains she has no plans to resign. cheryl: for more on the political crisis in hong kong as well as the he escalation of trade tensions between washington and beijing, let's bring in dean chang, senior research fellow at the heritage foundation asian studies center. i want to focus with you, let's go to the markets. we're looking at a major selloff in u.s. markets.

the president does think the stock market is a barometer of his presidency, investors having a very negative reaction to the new announcement of 10% tariffs on $300 billion. that's everything that we basically import from china. what do you make of this decision and how bad is the effect going to be do you think on the u.s. economy? >> i think that given the president's frustration with the lack of movement in the trade negotiations, i'm not very surprised. let me say that i fear that this is going to be the new normal. i think that even if some kind of trade deal is reached, that it's quite possible that we are going to be looking at a permanent 10% tariffs across the board for a long time to come. because unfortunately, the other side of this that is there haven't been -- there hasn't been much movement in part because the chinese haven't given much at all on the issue of protecting intellectual property. cheryl: there's a report in the wall street journal that says many of his advisors objected to

his move. they tried to discourage the president on the new 10% tariff and he made the decision anyway and he finally after two hours of fighting in the white house this is where they stand. don't those voices carry weight with the president? >> president trump has demonstrated i think pretty clearly on multiple issues, whether it's trade, whether it's north korea, that he ultimately is the decider in chief. he's the one who is going to make the call and his advic advs may have a say, doesn't mean they have influence. cheryl: 40% of clothing that we import to the country, made in china. i want to ask about hong kong. this does play into the trade story. isn't the escalation of tensions in hong kong and violence, isn't that something that xi-jinping is going to have to pay attention to domestically and does that take away from trade talks as well? >> absolutely. he cannot really afford to be seen as wavering on hong kong.

the chinese congress has said before that hong kong may have one country, two systems, but that really means that your system is subordinate to the chinese system. this is absolutely something that is of concern to xi. cheryl: he's got a lot on his plate, as do we right now with the market selloff. dean chang, thank you so much. appreciate your time on this big issue. >> thank you for having me. deirdre: right now, futures are in the red, no other way to say it, just keep in mind last week was the worst week for the s&p 500 all year. it looks like that tone ready to continue today. you can see that on your screens right now. we're going to talk about that. also, an extreme idea for the economy, details on a plan from the left wing that could wreck the country. keep it here on "fbn: a.m.." hey! i'm bill slowsky jr.,

i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass.

cheryl: we're following a major market selloff for you on this monday, this of course is based on fears that any hope for a trade deal between the u.s. and china really dwindled, especially on new reports that the chinese will not be buying agricultural imports from the u.s. as president xi-jinping promised. the nasdaq is down almost 2% right now. we're following it. deirdre: america's economy is certainly growing under president trump but tv host bill maher wants it to a nose-dive. >> one way you get rid of trump is a crashing economy. so please, bring on the recession. a recession is a surviveable event. what trump is doing to this country is not. i'm hoping for a recession, people hate me for it. it would get rid of trump so you

shouldn't hate me for it. >> recessions are really bad. >> i know, it's worth it. deirdre: don kastrobome, thank you for your time this morning. will the rising tensions between the u.s. and china keep pushing markets lower? futures are clearly in the gutter right now, following the worst year for the s&p 500 all year last week. >> well, i think it's going to be something that's temporary for right now, from what we're seeing. it's the latest tweet that we heard from president trump and that comment that we heard from bill maher about going into a recession, that's just a comedian putting out nonsense and that's a ridiculous comment to make. but i think it's going to be momenmoment aary if you're talkg

about technology, semiconductors, they're going to get hit a lot harder than some of the other manufacturing companies that already started to build it into the process. deirdre: i heard you say that some of the tariffs are already baked in. i'm assuming you mean the additional 10% tariffs on the $300 billion. you think investors understand it, if it happens what you're saying is the markets will not go down more? >> i'm saying temporarily i think they will go down but if we're not hearing anything else other than what we just heard, i think we're going to start to hear about talks that are going to happen in september, about various things that are happening towards more of a positive and it doesn't take much for these markets to either go up or down, so i still think we have some upside and i think tariffs are just going to be a a

momentary thing. deirdre: if you were buying groups, i heard you say tech and semiconductors, what would you advise people buy here arguably markets are on sale? >> great question. well, one of the things that we actually do with our company is we're in and out of various stocks on a weekly basis. right now, our model has us in a defensive position. we have real estate and utility stocks, things that have -- for the fed rate that was decreased by 25, you know, the cut. so that's where i think you should be on your portfolio and looking to get into defensive stocks at this current time. deirdre: sounds like you're pricing in or factoring in the possibility of a september out cut as well. thank you so much for the time this morning. glad to have you with us.

>> thank you. cheryl: well, the fcc is stepping up its war on robocalls and text messages. the agency approved laws that ban the practice called spoofing which tries to trick you into answering by calling or texting from nearby location, usually you'll notice your own area code or somewhere close by. robocalls are consumers' top gripe with 35,000 complaints so far this year to the fcc. according to one estimate from am arp, 40 billion robocalls were made last year. deirdre: that's a lot. i get a lot of them. i get a lot from new york. i always think i don't know who it is, i pick it up and i hear chinese. cheryl: i do too. deirdre: we have to take a look at the markets, this is a huge selloff pattern continuing from last week. the s&p worst week all year last week. trade tensions still a big part of that that's how we're setting up so far for this morning. reports saying president trump may introduce separately a new healthcare plan to challenge the

medicare for all idea. there is one demographic of voters, though, that the president really needs to hook on this. we will explain, next. chaos erupting at the democratic socialist convention, the triggers mounting and the privileges showing. you're not going to believe some of the details. we will bring them to you. keep it here on "fbn: a.m.." (vo) the hamsters, run hopelessly in their cage. content on their endless quest, to nowhere. but perhaps this year, a more exhilarating endeavor awaits. defy the laws of human nature,at the summer of audi sales event. get exceptional offers now. i mean, if you haven't thought abfrankly, you're missing out. uh...

the mobile app makes it easy to manage your policy, even way out here. your marshmallow's... get digital id cards, emergency roadside service, even file a... whoa. whoa. whoa. whoa. whoa. whoa! oops, that cheeky little thing got away from me. my bad. geico. it's easy to manage your policy whenever, wherever. can i trouble you for another marshmallow?

cheryl: we're looking at a major market selloff this morning based on concerns by investors, cnc markets putting out a note saying if the u.s. and china can't get a trade deal, looks like things are murkier for the resolution of this and it's the politics that seem to be the problem here. the dow is down 286, s&p down 34 and-a-half and the nasdaq down 120. we'll keep you posted. deirdre: the trump administration could roll out a new healthcare plan as early as next month. the wall street journal reporting it's meant to be an alternative to obamacare. cheryl: aishah hasnie joins us

with how the plan fits into the president's re-election strategy. good morning. >> reporter: good morning. if th the courts overturn the affordable care act, the white house wants voters to know they're prepared. president trump could unveil a new healthcare plan during a speech coming up in september. it could include providing coverage for people with pre-existing conditions, expanding health savings accounts and also offering more insurance options even across state lines. healthcare is among the most important issues for 2020 voters. according to a recent fox news poll, it came in third behind immigration and the economy. this as democrat candidates accuse the gop of wanting to take away healthcare for all americans and really just continue arguing over what might work. >> obamacare is working. >> your plan does not cover everyone in america by your own

definition. >> the person that's enjoying the debate right now is donald trump as we pit democrats against each other while he's working right now to take away america's health care. >> the journal reports the president has not signed off of anything just yet but will be talking about his administration's progress and securing and improving medicare at an invitation only event in the state of florida that happens tomorrow. cheryl, deirdre. deirdre: thank you very much. coming up, we have more to cover on the markets, lower, lower. cheryl: we're also talking about and we're going to pick up right now on what aisha was reporting on, the possible healthcare plan from the trump administration. this could be in place as soon as next month, settlement. this is possible r -- september. this is possible. the white house will unveil the plan as an alternative to medicare for all backed by the democratic candidates. again, reported by the wall street journal. a recent fox news poll shows 38%

of americans approve how he handled healthcare. half of americans think democrats would do a better job. can the president find a path to victory with healthcare? let's bring in brad blakeman. this is all about healthcare. this new plan is interesting, according to the journal. it could sell insurance across state lines, that was missing from obamacare, cover pre-existing conditions and give states flexibility. what do you say? >> i think it's a good plan. it's something republicans wanted to do for a long time. it makes sense, giving people options, that's the key, and giving control to people as opposed to government on their healthcare, creating healthcare savings accounts, restricting choices. in virginia, where i live, i only have three choices for healthcare. i should be able to shop nationwide and people should be competing for my healthcare business the same as they

compete for my personal property and casualty business. so i think president trump once he unveils the plan it will be very attractive to most americans. cheryl: recent fox news poll fd that democrats have a 14 point advantage over republicans on which party would do a better job when handling this issue. the president has to respond to what he's seeing. do you think bernie sanders is going to give you a better healthcare plan? >> i think americans have only heard one side of the story. free sounds good to a lot of people until they understand it's not free and if it's free, it's not worth a nickel. in tend, somebody's paying for it. there aren't enough rich people in america to tax for the trillions and trillions of dollars that the democrats are proposing for their healthcare. cheryl: i want to move on to something else. the trump campaign reportedly is going to be pitching to women, suburban women. they're seeing the data that's showing them that suburban women

are not approving the president handling of, well, being president. a 57% of suburban women disapprove of the president, only 40% approve. can he make this pitch and how crucial is it for 2020? >> it is very crucial. women make up a tremendous part of the electorate today. they outnumber men. so, yeah, they're very important. but like anything, you ask people are you better off today than you were prior to trump. and the answer clearly is yes. women employment is through the roof. opportunity for women has never been better. so what we have to do is make our case to women and another example of that would be -- cheryl: i've got to push back, though. the journal found in interviews with suburban would men women, t like the tweets and rhetorics but they understand the economics of it. >> people say i wish the

president wouldn't tweet as much but you can't argue with results. that's the case the president can make. the fact is, he is making good on his promises. cheryl: brad blakeman, great to have you here. thank you, brad. deirdre: a convention for democratic socialists quickly went into complaints. here is what happens when a speaker asks the crowd to stop talking. >> quick point of privilege, quick point of personal privilege. guys, can we keep the chatter to a minimum. i'm very prone to sensory overload. please, do not use gendered language to address everyone. deirdre: a person in the audience demanding the speaker not address everyone at the event as guys. cheryl: well, guys, gals, that are watching this morning, to all off, look at futures, we have a major selloff. we were down more than 300 points at the top of the show. we're down 28 # right no 2 -- 2w

for the dow. still ahead, cbd becoming the hottest new trend. why cannabis companies say they deserve the same rights as other u.s. companies. and tom brady getting a birthday payday. we've got details. you're watching "fbn: a.m.." dear tech, you've been making headlines. smart tech is everywhere. and you've done a lot of good for the world. but is that enough. dear tech, we've got some work to do. we need tech that helps people understand each other. tech that understands my business. tech that works at scale. that works with my existing tools. that helps us help more people. let's see some more headlines about that. dear tech, dear tech, dear tech, we're using ibm blockchain to help make sure food stays fresh. we're using ai to help create more accessible, affordable healthcare for all. we're using iot to create new kinds of digital wallets. we're exploring quantum to develop next-generation energy.

q-u-a-n-t-u-m, quantum. that's the smart tech i need. let's make a difference in energy. in commerce. in people's health. in the foods you eat. let's make a difference in government, business, and society. let's make a difference in people's lives. let's expect more from technology. let's put smart to work. ♪ ♪ your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events.

all in one place. because when it's decision time... you need decision tech. only from fidelity. deirdre: futures indicating a

selloff at th the open, you cane red on the screens there, last week the worst week so far this year for the s&p 500. trade tensions between the u.s. and china weighing on investors' minds. cheryl: cannabis stocks have become hot plays on wall street. but the companies behind them continue to fight for the same access to banks that other businesses have. will the playing field finally be leveled? let's bring in brady cox. you've been meeting with senators, with congressmen, to try to push forward the fact that frankly cannabis companies should have access to all the same banking -- not regulations, but the same banking privileges that a regular company would and you made some progress, right? >> yeah, we've been pushing this for a couple years now. if you look at it, these are state legal businesses. this i kind of harkens back to e foundational principles of the country, which is states rights.

you have cannabis companies with license, not mom and pop operations where people are growing weed outside and not taking it seriously, these are heavily compliant, very expensive cap ex and op ex businesses that employ hundreds of people throughout different states and we can't open checking accounts. cheryl: the safe banking act, it's basically -- this is what we're talking about, the proposal would prohibit regulators from limiting access because of the sole reason it does business with a cannabis company. >> what's the best way to find bad actors in the space? bank it so you can see the transactions. every time you want to write a check to an employee, how do you pay them unless you have a bank account that can run payroll. the safe banking act serves as a forplatform to redo the -- cheryl: do you think

regulations should be apply to medical and cannabis companies in states that it's legal. we had graphic that shows where cannabis is he legal recreationally, should it be the same? >> we're a a medically focused company. if the state allows recreational use, the state's rights should be respected. cheryl: you have companies that you invested in that are cbd. we've got some of the products on set right now. how are these selling? are you finding that business has been strong for these array of different oils and creams and things that we s here that we're looking at? >> yeah, i mean, the cbd market is massive. you look at it, it's not a non euphoric, so you're not going to get high. it's a wonderful anti-inflammatory, pain reliever, helps you sleep. there was just a conference in miami for cbd and it was packed.

it's one of the hottest consumer items. you've seen traditional companies eyes the space. you're going to see a lot of transactions in the cbd space because it's more accessible. cheryl: the next time you're on the show we're going to talk about the possible regulation of the cbd market. i think it might be coming as well. but it is a hot business. >> it's coming. we expect regulations in the fall. we've been actively working with the fda on that. cheryl: good. we'll have you back then. thanks for getting up early from florida. we prio appreciate it. deirdre: tom brady reportedly getting a raise one day after his 42nd birthday. the team reportedly signing brady to a two year extension to 2021. the six-time super bowl champ will make $23 million this season, north of $30 million in the next two. this year's salary by the way makes him the nfl's sixth

highest paid qb so five before him. cheryl: i thought he would have been number one at this point. deirdre: you would think. cheryl: he's a pretty good quarterback. here we go with futures, we are watching a major market selloff this morning. again, this is all based on the continuation of friday's worries about the u.s. and china not really getting anywhere in a trade deal and we may not sign one at all many dow is down 284, nasdaq down 116 and a quarter. still ahead, keeping up with travel bans is hard enough. now san francisco international airport is adding a new one that has nothing to do with security. and what is the best thing to have in a zombie apocalypse? there's a new brew that could make fighting the undead just a little smoother for you. you are watching "fbn: a.m.." this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery

that sometimes a little down time can lift you right up. expedia. everything you need to go. expedia. liberty mutual customizes your car insurance, hmm. exactly. so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

hey! i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass.

♪ i want to get away. ♪ i want to fly away. ♪ yeah yeah yeah. cheryl: the second time is the charm for frankie zepato, taking to the skies in his jet powered hoverboard on sunday. he was the first to cover the english channel via hoverboard. he hit speeds as high as 110 miles an hour during the 22-mile journey and refueled on a boat in the middle of choppy waters. deirdre: markets are down across the board. u.s. futures take a look right now, look like this, red on your screen. asia overnight, same kind of pattern, especially in hong kong. protests going on there. and the stock exchange, you can see down close to 3%. in europe, it's a similar color, red across the board. you have the foot hey, the dax and -- ftse, dax and cac all

lower. craig erlum joins us now from london. craig, what do you make of this global selloff? asia, you're seeing it in europe and we're setting up this way here. >> seems to be very much the perfect storm going into august that we've had the fed not be as doveish as many wanted them to be, we've had the trade war obviously escalate with 10% tariffs that trump announced last week, with the yuan selloff, seeing retaliation from the chinese side and brexit is very much heating up and we may now be only a few months away with exiting the european union with a no deal brexit which is damaging to both sides. i hope the news will get better over the next few weeks but i fear it may be a quiet few weeks and people will absorb a lot of negative news. deirdre: you mentioned brexit. it's actually hallow wean, the

-- halloween, the 31st of october if nothing else moves before then, what is the most likely scenario, britain out, is my question? >> i think britain remains within the eu but boris has to give the threat that no deal is an option. i think the risk is much higher than it was with theresa may, she never believed fully in the benefits of no deal. i think we're at a 4 or 5 out of 10 tops because he doesn't want this outcome. deirdre: thanks for the time. appreciate it. >> thank you. cheryl: well, as the shipping wars heat up, delivery drivers are now among the casualties. tracee carrasco has the story. tracee. tracee: in order to compete with 57amazon, there's new wayso deliver to customers. two shipping companies announced drivers working on sundays will be paid at a much lower rate thans those during the week. sunday deliveries will focus on

serving residences instead of businesses. the companies plan to start the seven day a week schedule in january after the holiday shopping season. san francisco international airport announcing it's planning the sale of plastic water bottles later this month. new rules will affect plastic bottles in stores and vending machines. the airport says it will sell contaicontainers made of glass n resick label aluminum -- recyclable aluminum. stock up before the zombies take over. fans of the walking dead can get their hands on walking dead kentucky strait whiskey. it -- straight whiskey. the tenth season returns in october. fans can reorder the bourbon for $37 many that's what's happening now. cheryl: you've got to love the walking dead to buy that. deirdre: they have serious fans. cheryl: taking a look at futures before we head to break, we are following a selloff this morning, worries about the u.s. and china not getting any kind of real deal done and ag

products as well. dow down 284, nasdaq down 117. coming up next, millennials are lit on social media and the real world, not so much. why one really is the loneliest number when "fbn: a.m." returns. we're changing what's possible every single day., and if you run a business, that means a lot. we create financing options for your customers. to help them get the things they love instantly. our data provides insights into what your shoppers have already bought. so you can offer them what they might consider buying next. our financial and tech solutions are changing what's possible in all sorts of ways. so, how can we change what's possible for you?

♪ everybody hurts sometime.

♪ everybody cries. cheryl: millennials are friending people all over social media but evidently it's a different story if they're in the real world. deirdre: mike gunzelman joins us. >> today's technological era made us more connected than ever before, but it's making us more alone than ever before especially if you're a millennial. a new study shows that 25% of my fellow millennials, well, we don't have friends. deirdre: 30% said they have no best friend. to me. >>, that broke my heart.>> we h. one of the main reasons why they have determined is because of social media and whether it's the degree of -- it's the disease i should say of comparison. you see everybody else having more fun than you are online and in social media, your life is so much better than yours, that you get more and more depressed.

deirdre: people are not putting down moments out there, they're putting amazing waves they just surfed in hawaii. >> you only post the best moments. that's the whole point of social media. when you're in high school, you go through different friend groups, people talking behind each other's backs, that happens. but it's an interesting fact for millennials. cheryl: what can they do about it? that's the question. >> the number one thing is get off of social media more often. stop going on that. you feel more inclusive, you feel that nobody else understands ouunderstands you o. deirdre: or leave your house. >> or talk to people. i'm having fun with you guys. i wouldn't know that if i was on my cell phone. cheryl: it's good to have face-to-face interaction. >> i love it. great stuff. cheryl: that's it for "fbn: a.m.." "mornings with maria" starts now. dagen: good morning, i'm dagen mcdowell, in for maria

bartiromo. it's monday, august 5th. your top stories at 6:00 a.m. eastern. global market selloff on china trade turmoil, u.s. futures extends losses from last week. the dow coming off one of its worst weeks in months. the s&p and nasdaq last week suffering their worst week of the year. trade also hitting markets around the world. in europe, we have red across the board, steep losses in england, france and germany and in asia overnight it was the same story, red across the board there. the biggest loser, the hang seng but also the kospi in south korea losing 2 and-a-half percent. in china, the currency there dropping to the lowest level since 2010 leaving some to speculate beijing is devaluing the currency. u.s.-china trade if focus, the global selloff coming off of president trump's threats to impose that 10% tariff on the

remaining $300 billion in chinese goods the u.s. imports, that includes items like smartphones, clothes, toys, leading many to believe the trade battle is nowhere near an end and could be ins tens in-- intensifying. we look at where the trade talks could go from here. as global markets sell off, bitcoin on the rise, soaring to almost 12,000, and look at it if this is the place to turn for safety. hong kong protests continue, demonstrators staging a city-wide strike, flights canceled at airports and public transportation disrupted. carrie lamb saying that the society has become dangerous and unstable. we have the latest. "mornings with maria" starts right now. ♪