of this? >> you have the president last thursday night, an amazing rally. he beat out john for the number of people who could fit into the arena.tens of thousands of people outside. he was very encouraging. we will spend a little more >> it is 5:00 a.m. here is your top stories at this hour. what was read is green again. markets react as president trump that china want to make wants to make a deal. threat from both sides. they've finally hit the button with confidence. with japan we have all of the breaking developments. as one of her 2020 contenders is gaining major support on the campaign trail. >> just hours from now it could change the pharmaceutical industry forever.

the next trip to the airport may soon be a little left stressful. the new technology that makes headaches a thing of the past. "fbn:am" starts right now. [music] good monday morning welcome to "fbn:am". it is a good morning because it lets take a look at how your money is moving this morning. the futures are gaining 222 points on the dow.

eighty-nine for the nasdaq after president trump said he is back at the negotiating table and wants to talk. >> as you can see right now that deal is down. 1.46% with bond prices. lauren: it's back and forth on trade negotiations. we have the price of oil down but it has just turned higher at 54 turned lower on those comments. it's now down fractionally to make the lead negotiator calling for calm. all of the asia markets asian markets across the board were in the red and in europe we do want two-point out that the market in london is closed for a holiday.

gains in france up half a% for that. >> that breaking news impacting european markets. china now wants to real start -- restart trade talks. that announcement coming on the sidelines of a g7 summit. we get the latest from kevin corke. >> amid the usual back and forth that happens in the summit like this the diplomatic and dance at the group think. on occasion you do get breaking news. trade negotiations with china are once again heating up in the is big news not just for the global economy but for the bilateral relationship with the chinese. all of this is happening amid global fears. they could ultimately cause a global recession. they said let's get back to the table.

i think they want to do something. this is the right thing to do. this is a very positive development for the world. the comments are coming during a summit. he already announced a major trade deal with japan. in the wake of what will be a no deal brexit. the talk is all about china and how i deal with the u.s. would not just help the u.s. in the g7 countries but frankly the whole world. >> if you ever think things are happening with china. they want to calm. that's a great thing. the president is expected to have a press availability with german chancellor andrea merkel. she was close to the former president obama.

i suspect we will hear a great deal about tariffs and trade a lot more. first coming up as we hear more especially about the south of france. we keep an eye on all the action here at the g7 summit. >> think you very much. the company said it will raise prices in china this friday is earlier than planned and it may do so again in december if more tariffs take effect. it has had to adjust prices at multiple times over the past due to tariff changes. protests in hong kong turning a violent overnight. police were forced to fire a warning shot as a chinese military stood on the

sidelines. >> thirty-six people including a 12-year-old were arrested during one of the most violent nights. the protesters are rallying and continue the rally. beijing could soon intervene. lauren: vice president mike pence heading to a factory this afternoon. the fourth in the final stop in the cross country to her explaining how american workers will benefit from the trade deal which has stalled in congress. they demand stronger labor protections. at least 400 people are expected to attend. cheryl: brazilian warplanes dumping gallons of water on the wildfires. they have off authorized after

facing global criticism. they promised us send 44,000 troops. only a few hundred have actually been deployed. they would not say what the troops are doing to actually battle those blazes. people want the owner to help the rich as me and in the named after the lungs of the planet. please use your power and influence. he has not commented he named his company after the amazon river which runs through the south american rain forest. >> it looks like teslas solar panel may be responsible for starting another fire. it started a fire last year on the roof of one of its warehouses. the walmart you remember just

found the lawsuit. walmart subsequently ask tesla to disconnect social panels -- solar panels at stores. we had two major freeways in california shutdown because of a brent -- brush fire. >> 200 firefighters working around the clock to battle that brush fire. the flames breaking out in the glendale neighborhood of los angeles. three helicopters dropped water on the planes the fire department said the fire burned 30 acres but it is no longer spreading. nearly 100 homes were evacuated the families are now allowed to return in the cause of the fire is still under investigation. >> a massive explosion exploited -- destroyed part of

a shopping center. the explosion yesterday morning came after the area had been evacuated due to a suspected gas leak. thankfully no businesses were open at the time of the explosion and no one was injured. he announces another run for sheriff he calls himself america's toughest sheriff announced he will seek a seventh term the justice department found the controversial former sheriff considered multiple civil rights violations against latinos. he defied a judge's 2000 and 11 order. president trump pardoned him last year. >> a warning on star hopper rocket launch. it could shattered windows. shatter windows. they are learning that residents near the village less than 2 miles from today's

rocket launch may create an over pressure event which could blake -- break glass in buildings. that's it's happening now. that's it's happening now. let's take a look at futures. with that big overnight story here. we futures in the red earlier this morning and then those comments came out of the g7. that turned the story around. the s&p is up 21 and a half. here's what happened president trump sitting at the g summit said that china wants to get back to the negotiating tab -- table. >> we will dive into that story next. the future is now why a robot may be showing up at your door even if your name is not sarah connors. keep it here.

[music]

>> china called our top trade people and said let's get back to the table. they understand that this is the right thing to do. president trump making those

comments today just moments ago at the g7 -- g7 summit. he joins us now. eric we have seen a lot of back and forth and contradictory remarks over trade policy why that soundbite from the president this morning. i think what has happened is the chinese have taken some of these threats that we've been making seriously. maybe they decided to come back to them negotiating table. the president responded on friday and then one of the things he said over the weekend. i think they are deciding that they need to take him a little bit more seriously. >> in the trade deal that the u.s. in japan head. that was kind of china's what they threatened. i think the president was quite keen on the increase.

the u.s. farmers to a certain extent be left of the hook. >> you think we are no where near a resolution. >> we've had so much back and forth over the last two years. i think there is a lot of distance between the negotiators and measuring in washington and i don't think from the u.s. side the president is willing to compromise at this point. maybe as we move into next year as we get closer to the elections. if the u.s. economy begins to slow. >> what is the point of no return. for both sides. i think if that u.s. economy continues to do well. i think the president will be able to secure a second term of office.

he will be able to execute a few of those threats that he's made. >> the video of the g20 i'm sorry the g7 summit that is going on in france. the president well have a meeting with german chancellor andrea merkel. >> the president has been willing to tackle numerous sorts of sort of targets at the same time. i think that the president and the u.s. would have a much stronger hand in confronting china if they were able to recruit some of the european union members. i think you try to do that to some extent while he is in europe this week.

now to the story. this is not a scene from the movie the terminator. the streets of memphis are going to get a little bit more crowded with robots. the 200-pound bought carries about a hundred pounds of packaging. let's take a look what people are doing overnight. it's been a crazy morning. >> think you president trump for those comments. nasdaq up 83 and a half. the president tweets. a big reversal. the volatility is here to stay. as the market can really get what it wants. we will talk about that and imagine being told your flight was canceled but it wasn't.

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u.s. stock index futures are in rally mode. about two and half hours ago at the g7. basically china has called. they want to restart trade talks he thinks a deal is going to be reached. now he did threaten to raise tariffs on china as you all know. that has been that the tit for tat back and forth. we had been here before.

but the market continues to react especially on friday. the volatility is can it continue. we get our news in real-time via tweets. we had been down this road before. let's see where we are at the end of the day. i think the market understands investors understand that for the president. when the tariffs that were announced this could really be up ploy to delay that. clearly what he wants to negotiate is to negotiate with someone on the aisle. unless president trump gets reelected and then they have to factor that in. i would venture a gapped.

he would have a meaningful deal with in weeks certainly months. they're having a tough time forecasting planning. they're trying to react to chaos. does the market not know let me be a treat doesn't mean reality. >> we are at war. this is can go on for decades at this point. it very difficult for supply chains and ceos. they are going to think long and hard about committing that amount of capital to that region of the world because these are decade commitments. a little shock was heard around the world. he ordered u.s. companies to get out of china. and there there is this 1977 law. that could be used.

do we go that far? >> i thought it was an unforced air. i don't think he meant to say that but he blurted it out. nobody thinks that's can happen. we've have a good a stock market since the president was elected. >> i think investors are exhausted. they can the chaotic nature of this. right now the consumer is pretty strong. we will see how the day shapes out. >> imagine being told that your flight was canceled only to find out that it wasn't. the airline has been forced to cancel flights on september 9, h and the 27th.

others not affected. the british airways plans to reimburse customers that already booked alternate flights because they were given the wrong information. in small containers in plastic bags. the british government is requiring them to have 3d baggage screening by the end of the year 2022. officials say the new technology will speed up security checks. >> let's get back to the futures. and again so much news breaking out of the g7 summit in france. we are going to take a look at right now at the dow up to 11. let's take some live pictures of president trump. >> we were able to take 100 percent. but we had thousands of fighters that are captured.

we think they should go to the country from which they came. >> i think we had have a pretty good meeting. it was unfair for the united states because they did not come from the united states. >> do you and mrs. merkel agree on the step forward from iran. we agree that iran should not be nuclear. we will come out to a statement from that effect. we cannot let iran become secure with nuclear weapons. >> [music] -- [indiscernible]

>> we want to prevent any kind of weapons. we have very productive talks on this issue as well. it is obviously still moving. is slowly moving forward. but there is still a long way to go. >> i do think that we really made some big progress in respect to iran. in the and the unity of the g7. there has been great unity. just flawless in that sense. i'm thinking about all of the seven countries. and it has been really good.

we've a meeting or two left. but i tell you we will have great meeting with even with iran. a lot of progress with iran. and we've come to a conclusion more or less that is the biggest part of the conclusion. they can't have nuclear weapons. we've have a very successful very opposite of what you report. you to report where i was in the plane i hadn't even landed yet you said i was in a dispute. that is tough. that was your predisposition. the country has seen very well. talks are going on with the china at a high level. as you know. steve you might want to mention what was said. but it was just reported in bloomberg and others. that market watch. that china just put out a statement. >> we appreciate that.

and what you just came out with. we look for to continuing to discuss that. we will expect to continue those talks quickly. >> do you still believe that the eu. >> i think the european union. i say with respect. i think there is tough as china. i think they're very tough. the united states has not done particularly while over the years. i'm not same thing should've saying things should've been the other way around. the european union is tough. it's very tough. they are tough traders. the united states has lost tremendous amounts of money over the years. and i don't know if that's the european union. i hold it against our presidents in a ministrations. it's not a good job. i would suspect china for be able to do what they've done

for the united states over the years. and then you look at the fact that he would allow them for eight years to do what they did to us. >> what i'm doing with china should've should of happened 25 years ago. not just president obama. i think many presidents who go back. they are taking hundreds of billions of dollars a year intellectual property theft. it's not right. some of the should've done it. i'm not blaming china i'm blaming our representatives and leadership for doing a bad job. [inaudible conversations] see.

>> this doesn't sound good. >> at any rate. the talk about right now. and they want to come as quickly as possible. for the european union. and also to us. to announce the trade relations. in the united states. in wanting to bring those. >> as you know. we made a big deal with japan. and that was tremendously over. and we hope to have a deal with the european union. we hope that we can do a really fair deal for everybody. were a are you able to attend

the working session. we are having it in a little while. >> the question was with the dream team. with the g7 summit. >> that is a good answer. we've have really great contributions. with all of the different countries. [indiscernible] mayor getting close. we will see if we can make a deal. were getting close.

>> we have the intention to try a contribution for everyone. on everyone. >> are they committed to take back the ice is fiery -- firing in syria. we've a lot from germany which is a great thing. and we will work something out. >> first i should say we already had that number. for the children. we had been looking at that. with the european union

countries as we work together. we want to find a solution together. >> i think we've done a really great job. we defeated them. we took over 100 percent. not 99 not 98. if i got 98% were leaving. what about a hundred percent. we will go 100 percent. and we did a great job. and we met very good talks. it's not fair for the united states to have these. when i give them to the areas where they came from. and that includes not just germany. with a lot from france. we've a lot from the uk. we've a lot from a lot of different countries and most of all in europe. >> do you think it's possible

that talks would advance. and you could reach deals. to delay or cancel those meetings. >> i think anything is possible. i think we been having very meaningful talks. at the inn anytime frankly. for the most part it's because we are doing very well china is a great country i consider the president to be a great leader. he is a great leader. they are losing millions and millions of jobs. they are going to other countries. but in the meantime the united states is taking a tremendous amount of billions and billions of dollars and frankly there has been no inflation. they were able to manipulate. in the system. otherwise it would not be a competitive product and we would not be able to sell it. they lost a lot of jobs.

it is a really good chance. were at a much better position now than at any time during the negotiations. that is something meaningful. i know we couldn't have gotten here without having to go through this. i think we are probably in a stronger position now to do a deal a fair deal for everybody. so were having very meaningful talks. >> did they try to escalate the trade war with china. she would like to see it worked out. the same for everybody. she is a brilliant woman. and she understands exactly where everything is. she knows before most people. and she would like to see it worked out.

[inaudible conversations]. and we are all here together. into a contribution. an agreement could be found. >> mister president who will will be your surprise guest next year. >> i try not to do any surprises. a very successful g7. it will probably be in miami. it's one of the biggest airports that take place. sometimes you have hours and hours of driving to get certain locations.

he will land in the miami national airport we will think we will have a very successful time. we have some good ideas. we have a talk. my inflammation -- my inclination is to say yes. there are people that agree with me 100 percent. so we did have a discussion about russian. but other people don't necessarily agree. without being specific. we will see what happens.

>> it is a great place. people are really liking it. they 50 to 70 years. the yet the various allegations. great conference. they love the location. it is a gray area. we haven't found anything that has comes close to that meeting.

so many places are so far away. the drive is so long. this is something you can be there in a matter of minutes. i think we will appreciate that. [indiscernible] i want to be there.

we wish for it to to see the progress made. the group to try to bring this forward. i have every interest in trying to make the solution. i think they make the ultimate progress. the g7 is about to lose it's only female leader. >> i'm still here. i don't know that you're right about that at all.

>> we are looking at it very carefully. we've have some very good meetings. really productive. as a country as an endorsement. not too much. it may come up at the very end. i think we will be discussing that a little bit. we haven't head that meeting here. what was the answer. as i've already told you i have invited the president there.

we will be there. and may be seen. i have germany in my blood. i have not thought of that but it could happen. we will be in poland next week. we're going to be there very soon in germany. thank you all very much. >> president trump wrapping up a meeting with andrea merkel. it was on the ground yesterday. also the president talking about the issue with china and that's really what moved the futures market. they also said were having very constructive talks with chinese just coming out with the statement. things are looking good with

china. also talking about letting russia in he would be open to having russia rejoin the g7 and make a g8. the other leaders there not really excited about that idea. and then talking about the fact that the g7 is gonna be in miami next year. and talking about the trade relationship with the eu. it's still on shaky ground as the president is dealing with the tariff issues around the world. when the president said quote we are in a much better position now than ever with china now it is higher by 273. it seems to be at least during that press conference more friendly and more willing on

both sides to have a trade deal with china. we are can we waiting to see what the next steps are to be. certainly at this point we do have a market that was we came into the office this morning. about 2:55 eastern time. the president made those comments about china. they want to make a deal. we will see if it holds. i just want to talk about the tone of the g7 overall. president trump was sparring. there was friction with the u.s. in our european allies at the g7. and then we just heard that press conference and even the

president said it's very friendly. >> we more in common than we do indifference. it's about time that the european union got with the united states with regard to standing up to authoritative regimes like iran. china has been taking out lunch. i think president trump has had great success in rallying the allies. not only for us but for them as well. and speaking of china and them taking advantage of us. sleepy joe biden. allowed china for years to do what you're doing. what you think a democrat contender for president trump

what do you think their china policy would be and what should it be. see mac i think you will see the democratic president definitely scale back the tariffs and try to take a different approach because what we see is that this affects families in china is very smart. what do they do in response to the recent threats. that's an important base for trump. he is in the middle of a war that's very difficult to win and that's why administrations in the past have been reticent to take the same steps he's taking because it's not that easy to win. we are very in dependent on china. it's not an easy battle to win. i think a democratic candidate would be smart to try to go about in a way that does not

involve tariffs that hit american consumers. what a democratic president be able to get them to surrender to get the progress that it seems like we had based on the president's comments just moments ago. >> it will be difficult. and president trump has a point when he said that previous presidents had been unable to rain chain in. they've taken chain in. the problem is that we don't know exactly what the plan is. there and impose tariffs and then they're gonna go back on that. the unpredictability is more than anything what is really hurting us in depressing the capital spending. businesses don't know what's coming next. the uncertainty tax last week. >> it shows that there is a a lot of anger among voters in

constituents these days. 70% are angry at the political establishment and that has nothing to do with the fact that the economy as a whole can we talk about how this pole and this anger that will play out on the campaign trail. >> people make a deal on mexico entry canada trade. congress cannot ratify the agreement. there is a do-nothing congress. people are really ticked off. as long as the economy stays strong. people tend to vote with their pocketbooks. i have to believe that people

believe that they are to be better off under donald trump and you just heard the policy of appeasement which basically surrenders america to foreign powers. >> think you guys. we have a market that is on fire this morning again president trump making a lot of news headlines out of the g7 and france. talks about to restart between china and the united states. they were up to 87. also still have a landmark ruling is set for today. this might change the pharmaceutical business forever. you're watching trent to stay with us.

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a landmark ruling expected to come this afternoon in oklahoma. a judge will decide whether johnson and johnson will be held responsible for the states opioid epidemic that officials say it led to more than 6,000 deaths. the ruling against the company could be payouts it could really rough up the industry. >> we had been following this case here on foxbusiness because of the implications that could have for other lawsuits out there. is there anyway to game what were you can hear today. >> this is a huge risk for johnson and johnson let's not forget there's two other pharmaceutical companies that chose to settle. they did not admit any responsibility. but the company is rolling the

dice here. i think there are so many intervening causes that gets them out of liability. you have the doctors at that wrote the prescriptions. >> let me ask you this. it was the marketing. it was the way they sold the pills. basically they started production in the state of oklahoma without knowledge. wouldn't that be a lot different than ruling in other cases where settlements are basically there in general. >> can you explain what that means. you are really getting into the weeds in the facts here. every state is good to be different the way that they developed in marketed. so we have just one essay over the 15.

i think every case will be different however they are running the risk if they do get a judgment against them. the floodgates will be open across the united states against johnson and johnson and every other pharmaceutical company. david bernal thank you so much for being here. let's take a look at futures this morning we are pointing to a very strong gain at the open. they are gaining 145 points. now up only 145. the other markets gaining between half and .9 percent. present china -- president trump said china wants to start trade talks. let's bring in francis newton

stacy. francis, we just saw futures come down well over 100 points. they came up the highs of the session. it would he think is going on in these china discussions. i think this is really good news that the talks have resumed. i think as traders and investors. there still a little bit skeptical. the good news from the technical perspective is that we didn't take out the recent lows on friday. the volatility in backs -- index did not make a new high. on the other side of it the trump back and forth matters. >> that is a very good point. we just thought the president sitting down with the german chancellor and they seemed

friendly and in tune. they have a message that yes we want to trade deal with china. your point is if we see the president that would put the u.s. investors in the clear. see macisaac it's very difficult for investors because obviously of the trade deal with china your trade to and wind decades of understanding. there is good to be a lot of pride on the chinese side. it is a good skill to go back and forth. i think attacking the fed and that kind of stuff it kind of worries investors. i'm sure it will go back and forth. i'm hoping that we don't hear anything for a little while. i don't know forget to get the deal that we originally wanted but it's important to make a deal and i think both sides now recognize that and that is

the hope. >> francis newton stacy thanks for bearing with us this morning. thank you for joining us for all the breaking news. dagen: it is monday day, augus. your top stories at 6:00 eastern. breaking news overnight, president trump at the g-7 summit saying he thinks the u.s. and china are going to make a deal, this after he says china called wanting to get back to the table and you've seen a major reversal in the futures this morning. we have 132 point gain on the dow futures which were down at at least 300 points in the overnight trading session. but these remain volatile times for the market and headlines can quickly send stocks, bonds, you name it, those asset classes could move in different directions so you need to watch what is going on in france and watch what is going on right here on fox business. moving on to protests in hong

kong grow violent, officials using tear gas and firing a warning shot over the weekend as demonstrations continue. and a historic opioid ruling. an oklahoma judge expected to decide if johnson & johnson will be held responsible for the opioid epidemic. the verdict could have a major impact on the company and many other legal cases. "mornings with maria" starts right now. ♪ ♪ take a look at me now. ♪ a little motivation. ♪ all right. ♪ dagen: we've got a big show this morning. joining the conversation, washington examiner senior editor, kelly jane tor