be dr -- as contribute to their undoing. that's it for tonight. thanks for being with chef it is 5:00 a.m. cheryl: it is 5:00 a.m. here are your store ris storiess hour. how democrats' accusations could affect your money. lauren: overnight, china celebrates 70 years of communist rule and unveils a nuclear missile that could strike the united states in half an hour. cheryl: 2020 progressives unveiling more plans to tax the ultra wealthy and now they're targeting your wallet and your retirement. lauren: if you still have money after that and are ready for a vacation, we've got the just released list of america's best beaches. it is tuesday, october 1st. "fbn: a.m." starts right now.

♪ i've got a feeling. ♪ that tonight's going to be a good night. ♪ that tonight's going to be a good night. ♪ that tonight's going to be a good, good night. ♪ a feeling. ♪ that tonight's going to be a good night. ♪ that tonight's going to be a good night. lauren: welcome to "fbn: a.m.." i'm hope it's a good morning as well as a good night. i'm lauren simonetti. cheryl: good morning, i'm cheryl casone. lauren: let's take a look at how your money is moving. final quarter of the year and stocks are higher, dow surging 84, s&p up 7, nasdaq building by 28. cheryl: protests in hong kong on the 70th anniversary of the rule of the communist party.

the kospi is showing a gain. lauren: will the u.k. and eu be able to get a new brexit bill in time? the ftse is down 8 points. cheryl: as we kick off the month of october, investors are place bracinbracing for what has historically been a volatile month with events like black monday in october of 1987 and the 2008 financial crisis. some are warning the impeachment inquiry with president trump, trade talks with china could be big issues with investors. lauren: let's get the latest from griff jenkins. he's in washington with everything. good morning, griff. >> reporter: good morning. the chairman of three democrat controlled house committees issuing a subpoena for rudy giuliani, accusing him of jeopardizing national security, writeing in a letter, you acted as an agent of the president in a scheme to advance his personal, political interest by abusing the power of the office of the president in the -

it's alleged giuliani i has evidence that prove he was not a apting alone. -- acting alone. when asked if he would appear, he had this to say. >> i'm weighing the alternatives. i'll get my evidence together, i'll get my charts. i don't know, if they let me use videotapes and tape recordings that i have. >> reporter: this as the new york times says president trump pressured australia's prime minister to investigate the origins of the mueller 2016 russia investigation, possibly adding another layer to the houses' impeachment inquiry, in part because of the white house curbing access to the train p script of a call. -- transcript of a call. it was australia that initiated contact. he wrote to the attorney general on may 28th, they will use the best endeavors to support your efforts in this matter, we stand ready to provide you with all relevant information to support your inquiries. the letter was a response to the

president's comments four days prior on may 24th when he said this. >> the attorney general is one of the most respected people in this country. and he has been for a long period of time. s he's going to look at a lot of documents. i hope he looks at the u.k. and i hope he looks at australia and i hope he looks at ukraine. >> reporter: as for questions over whether the senate would take up impeachment, if the house votes in favor of it, mitch mcconnell indicated yesterday he would have no choice but to do so based on the senate's rules. xcheryl: griff, thank you. the trade war is set to hit american football fans hard this fall. the cost of a lot of products will rise because of tariff hikes. these include apparel tv sets, even tailgating gear. today china celebrates the 70th anniversary of communist rule. the national day parade showed

off a nuclear capable missile designed to evade the u.s. defense system. lauren: in hong kong, police fired tear gas as pro democracy protesters took the street, some clashing with pro-beijing supporters. there is mounting security around the city because of the national holiday. cheryl: back at home, venture capitalists and executives from privately held companies will gather in silicon valley today to discuss possible changes to the ipo business. bloomburg reporting the meeting will come after a year of ipo flops like lyft, uber and peloton. wework is still looking for some cash after they canceled plans to go public. investors' concerns about their losses and their business model also led to the resignation of the ceo, adam newman. he wework reportedly said it anticipates difficult decisions ahead. lauren: there might be a future for forever 21 after all. the new york post says two major shopping mall companies may

invest in the bankrupt teen retailer. two major landlords in forever 21 would take an ownership chaie to keep the chain in business. during the financial crisis, as we started to shop online, forever 21 started to build out in shopping malls. cheryl: chris collins resigning from congress ahead of his expected guilty plea in an insider trading case. house speaker nancy pelosi's office says that collins sent a letter of resignation that will take effect when congres meets . it -- when congress meets today. lauren: bernie sanders releasing his tax plan, set to target big business. sanders' income inequality tax plan would put a tax increase on companies where the ceo makes 50 times or more the average worker in the company. the tax would apply to any company with an annual revenue of over $100 million.

cheryl: following in the foot steps of bernie sanders and elizabeth warren, congresswoman ilhan omar is joining the ranks of democrats who want to wipe out the nation's student debt and she wants wall street to pay for it. even for the wealthy. she's proposing to tax stock trades at half a percent. all stock trades, bonds and derivatives also would be taxed at a slightly lower rate. she's claiming it would raise $2.4 trillion over a decade. lauren: a federal judge hands the trump administration a win, dismissing a lawsuit from states with high taxes. cheryl: tracee carrasco's got the story. big story yesterday, tracee. good morning. tracee: the lawsuit asked a u.s. district judge to block limit on how much people can deduct in state and local taxes. the provision effectively raised the tax burden on citizens of high tax states, new york, new jersey, connecticut and maryland brought the you suit in july 2018, claiming the tax deduction limit was a way for the trump administration to stick it to blue states.

the judge ruled that the limit was legal. a california tour guide is charged with passing u.s. secrets to the chinese government. the doj releasing surveillance video showing the man making a cash dropoff in a georgia hotel room. an fbi double agent would then take the money and leave a memory card with fake u.s. he secrets. the suspect, a naturalized american citizen, would take it to his handlers in china. he faces up to 10 years behind bars if convicted. hamburgers are on the breakfast menu, what a burger is debuting the breakfast burger. it comes with bacon, eggs and hash browns. it is available for a limited time and will be served between 11:00 p.m. and 11:00 a.m. a penny isn't worth much anymore but it can buy a big mac. mcdonald's is offe is offering customers a chance to buy one

cent big macs and you have to order them through door dash. crystal la chance of oregon said she was shocked when her boss announced she was nominated for the ken th kentucky fried wished with the grand prize of a brand-new car and she won. she was working at the kfc for a year and walking three miles each way to get to the fast food restaurant and that's what's happening now. cheryl: i have to go back to your door dash story. the fast food chains are teaming up and doing big money promotions, it was outback steak house last week. door dash is the way to go. tracee: i think so. i think door dash fees are more than the one cent big mac. lauren: we have a little bit of a rally going on, dow gaining 72, s&p up 6, nasdaq up 25. i thought september was the worst month of the year.

it turned out to be good. cheryl: well, you know. the santa claus rally, which never happens, but anyway. lauren: attacking big business, bernie sanders releasing his new tax plan and he's got major companies in his sights. but would his plan to deal with income inequality wind up hurting the u.s. even more? and residents in one town putting up their own money to fight an ongoing crisis. how the plans just turned to dust. and as we head to break, here's a look at the national average for gas prices, $2.66 for regular gasoline, that's up the last three days. keep it here on fox business, we're invested in you. ♪ big wheels keep on turning. ♪ proud mary keep on burning. ♪ rolling, rolling, rolling on a river. ♪ rolling, rolling, rolling on a river at synchrony,

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 technology and financial solutions are changing what's possible in all sorts of ways. so, how can we change what's possible for you? thand find inspiration who win new places.ct... so, how can we change leading them to discover: we're woven together by the moments we share. everything you need, all in one place. expedia.

i'm working to make each day a little sweeter. adp simplifies hr, benefits, and payroll for magnolia bakery,

so employees like sarah can achieve what they're working for. 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. i'm janelle hail, founder & ceo of the national breast cancer foundation. early detection saved my life. it could save yours too. learn more at nbcf.org/hope. cheryl: bernie sanders unveiling an inequality tax plan that goes after companies that have large pay gaps between their top executives, like the ceo, and the average employee. our next guest says sanders' plan is a pop lift ploy and would harm the economy. david is here.

you know, a lot of folks do agree that these exorbitant ceo salaries can be out-of-control and sometimes not warranted but should that be up to the government to regulate or the market? >> that's a great point. i mean, basically we have found time and time again that price controls by bar bureaucrats do t work that the people in terms of spending their money and choosing what they want makes the most sense. i mean, yes, ceo salaries are much larger but the enterprises are much larger. they're country-wide and national. these are global multinationals. cheryl: critics say this would hurt large companies that have a large amount of lower wage employees. think fast food companies. it really wouldn't hit the silicon valley companies, which he's already gone after. >> absolutely. this is treating the symptoms, not the fundamental problems. we want people to get more skills, to get more education.

that's going to bring standards of living up. it doesn't begin until the company is $100 million or more. do you want companies to divide? then they can't become competitive with overseas companies. look at how much wealth these companies have created for 401-ks and pension plans. cheryl: i think shareholders are smart enough now, if they have a problem with the ceo pay, they go after them loudly. we've seen that multiple times. it's the first day of trading for the last quarter of the year. remember september, always the worst month of the r year, so they say. and it wasn't. now you've got the dooms dayers, they say osama bin lade octobere volatile, that's when the great recession started, black monday. do you buy into this stuff. >> i advise clients, focus on long-term fundamentals. the long-term fundamentals look very good. don't focus on the calendar. we've got low interest rates, we've got a federal reserve who

is more inclined to cut rates further, we have king consumer doing extremely well, lowest unemployment in 38 years, sentiments is strong, debt levels are low. cheryl: but the drama queens will say, here comes the impeachment inquirely, here come the trade talks which start october 10th. >> i talk with my clients about honey, can we go yo out for dinr tonight factor. you shake your head about it but it doesn't affect your day-to-day activity, i don't think it's going to affect the market. look at what the cash registers are doing, not look at what the media is telling you. cheryl: people are spending, people have jobs, people are investing in the market and the market is looking pretty good. we can all take a breath this morning. i like that. david, thank you very much. lauren, over to you. lauren: this is a crazy story. boulders meant to deter homeless camps on sidewalks are gone for now. several people pushed them into the streets in san francisco.

they were purchased by residents and businesses to keep homeless and drug dealers off the sidewalks. the city is working on a long-term solution which could include, get this, bigger boulders that can't be physically removed. well, coming up, big changes coming to college football. that could mean student athletes get closer to giant paydays. and scammers are ditching spam and robocalls in favor of websites you know and love. how you can keep yourself safe. keep it here on "fbn: a.m.," we're invested in you. ♪ when we go down. ♪ we go down together. ♪ we'll get away with everything. ♪ let's show them we are better. ♪ show them we are, show them we are, show them we are, show them we are cats. so, we got griswalda. dinner's almost ready. but one thing we could both agree on was getting geico to help with our renters insurance. yeah, switching and saving was really easy!

drink it all up. good! could have used a little salt. visit geico.com and see how easy saving on renters insurance can be. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) the day we'll finally get something done. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies

powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond.

lauren: student athletes could soon be paid under a new law in california. governor gavin newsom signed the fair pay to play act into law. it could cause problems with the ncaa. cheryl:ed todd piro joins us with mixed reaction to this new law. >> reporter: couldn't have said it better myself. good morning. under the nuchal important ya law, college -- new california law, college athletes would have the right beginning in 2023 to profit i from the use of their name, image and likeness. here's the governor. >> it will change college sports for the better by having now the interest, finally, of the athletes on par with the interest of the institutions, now we're rebalancing the power arrangement. >> reporter: that sen sentiment echoed by a lot of professional athletes who went through the college system like draymond green and steph curry. >> someone needs to force this

dictatorship to change. >> creating change and creating opportunity is huge. there's still a lot of work to be done in that respect but this is a nice step in the right direction. >> reporter: but not everyone's on-board including the ncaa which issued the following, unfortunately the new law is creating confusion for current and future student athletes, coaches, administrators and campuses. we will consider next steps in california while moving forward to make adjustment to name, image and likeness rules that are realistic and tied to higher education. and right here on fox business, dallas maverick's owner mark cuban said this could be the death nell to the ncaa. >> the ncaa may implode, particularly as it applies to football. you may see third parties come in with a lot of money and say you know what, this is about the cash now. >> reporter: despite backlash, california not alone in this, new york, colorado, florida,

south carolina could see similar votes on similar proposals. we know where this is headed. this is going to the court system one way or another. cheryl: what's the difference between what the nfl does, they pay a salary to their players and those players get endorsement deals, why is that different for college athletes? >> reporter: this is one state doing it, 49 states not doing you it at this point in time. it would create insanity. in terms of the bigger picture that you're saying, why college, why not pros, it has to do with amateurism and the thought that everything involving the college game including endorsement possibilities shouldn't exist because of amateurism. obviously california is saying you can have the amateurism with paying the at leads directly for their playing, but when it comes to endorsements, their name and likeness, you're going to sell a jersey with todd piro's name on it, todd piro should get name. lauren: you could make the argument that the student ad athletes are getting paid via

scholarship for the school. >> reporter: this is a huge debate going on throughout the nation. lauren: we're having it here. cheryl: thank you very much, todd. forget your spam calls and e-mails, i know you love l them, a growing number of scammers are using online advertisements to get your data and your. laurenmoney.lauren: and they'ry slick. joining us now is brett larson. >> these are troubling numbers. scamming online, they've been around since we've been online but the numbers are startling. a new report in the wall street journal, consumers found 372,000 complaints to the federal trade commission about being scammed, we're talking over $1 billion. this what is we're seeing. you're seeing phony ads on ebay, phony listings on ebay, phony things for sale on

craigslist. tickets are sold directly on craigslist and people send money and they get nothing. cheryl: or they get a fake christmas. >> the -- fake tickets. >> the nigerian prince doesn't exist. that scam and scams like that still work. people get those e-mails and they think this person just needs my help. no, they don't. they just want to steal your money. cheryl: is it still the elderly that's getting roped into these? that used to be the trend that we would see. >> it tends to be people that are a little older who are more trustworthy. the hackers are getting savvy. my sister was a victim on ebay. they were selling fraudulent stuff on ebay. ebay bought it but not in time, where the sale had gone through so she got counterfeit material sent to her that were thought to be legitimate. i get e-mails all the time, to the point where they almost fooled me.

i don't -- when i read an e-mail from my bank, i'm going to log into the bank the way i formally do. i'm not going to click on a link. lauren: thank you for the tips. making us all away. catch brett on fox news 24/7, sirius xm channel 115. cheryl: we've got green arrows on wall street this morning, to show you on this tuesday. dow up 77, s&p up 7 and a quarter, nasdaq up 25 and a quarter. still ahead, as progressive candidates pick up heat in the 2020 presidential race, are they targeting your financial future to fund their plans? and can you trust your significant other with money? that is such a loaded question. why cold, hard cash could mean big trouble for your love life. you're watching -- lauren: keep them separate. cheryl: yeah, hmmm. ♪ when one student gets left behind, we all get left behind.

this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. you know what's going up today? my poster. today, there are more than a hundred thousand p-tech students around the world. it's a game changer.

lauren: 2020 democratic

candidates for president are hoping to get your vote with sweeping policy plans, most carrying hefty price tags. what happens b when taxing income isn't enough to pay for their promises? is your pension or retirement savings in danger of being taxed? economist from the heritage foundation is here. good morning, romana. as we go through the wealth tax proposals and they get more and more aggressive, do you think they're going to touch our retirement savings? >> it is always possible. we shouldn't kid ourselves that if you look at the spending proposals that bernie sanders, senator warren and others are proposing, those are going to require vastly larger taxes and not just on the rich. we're talking higher taxes on middle class and lower income americans. we've done the math and european style welfare states charge people making about $40,000 a year $6,000 more than they pay in the united states. so if we're going to move toward the european style welfare

state, we need to be prepared to pay higher taxes. lauren: how much is out there in -- i guess they call it unrealized gains? how much wealth is actually out there that could come under some of these tax proposals? >> that's another difficult question. it's actually a very complex question to try and figure that out. and it also depends on how you define that wealth. what it comes down to is that wealth taxes are a failure, which is why most european countries that have had them have moved away from that. this is not a direction we want to go into. it requires a huge intrusion into privacy, financial matters that americans don't need to be shareing with the government. lauren: we're looking at one estimate and they have that number at $3.8 trillion, at least. i think when you put art and other assets into that, it gets even bigger. but it begs the question, you know, bernie sanders beating up on billionaires, basically saying nobody should be a billionaire. elizabeth warren making the argument that being rich, having

wealth is immoral. is narrowing income inequality, is the answer to doing that taxation? there has to be a better policy out there. >> well, let's look at the policies of this president. the tax reform, the deregulation, they have actualll narrowed income inequality because the wage gains for the bottom 10% of wage earns have been twice that than the highest 10% of earners. we're seeing income gains for low wage earners, seeing their wages go up, seeing bonuses from the tax cuts in their paychecks and that's how you solve this problem, through economic growth and by creating job opportunities for these workers. not through redistribution that eats up the economic pie and cuts into productivity gains which come from investments in the private sector from businesses and wealthier individuals. lauren: well-said. thank you so much for your perspective today. >> thanks for having he me.

cheryl: u.s. homeowners apparently spend too much money to pay down their debt. a new study says americans fork over more than $100 million in interest payments on loans when less expensive options are available. research shows homeowners use personal loans and credit card debt instead of tapping their equity in their homes which usually will give you a much lower interest rate. lauren: for those still trying to buy a home, you may not be able to afford one because of medical bills. a new study says outstanding healthcare debt is the top reason americans are being turned down for mortgages or for renting an apartment or home. the survey found that 38% of people who have medical debt say that was the main reason for the rejection, even over student loans and credit card debt. cheryl: well, they are funny, they're smart, they're attractive, but are they any good with money? a new survey from policy genius says 20% of americans think their partners are financially i

responsible. what's -- irresponsible. the same people are 10 times more likely to break up over a money related disagreement. half say they don't know their partner's credit score, 12% say they have a secret credit card. one of my friends got married and omitted the fact she had $18,000 in debt. she told him after the wedding. lauren: after the wedding. cheryl: yeah. lauren: are they still married? cheryl: no. there you go. lauren: good point. cheryl: let's take a look at dow futures this morning, dow up 77, s&p up 7 and a quarter, nasdaq up 25 and a quarter. still a ahead, as the democrats ramp up the inquiry into impeaching president trump, will it come at the expense of america's workforce? and a popular game proves too popular for hackers. the latest data breach but this time it yo affects hundreds of millions words with friends players. we've got details coming up on "fbn: a.m." ♪ i'm a survivor. ♪ i'm going to work harder.

♪ i'm a survivor. ♪ i'm going to make it. ♪

lauren: let res get to breaking news that has not moved our markets. a new outbreak of violence in hong kong between protesters and police. reuters is reporting that one of those protesters was shot in the chest with a live bullet by police. look at those scenes on this 70th anniversary in china of communist rule. cheryl: back here at home, we

want to take a look at the brand new foxbusiness.com home page. the director of white house office of trade and manufacturing policy, peter navarro, has an op ed coming out today, called trump's two big wins for farmers, manufacturers, workers versus dems' impeachment squad. in it he reveals that president trump signed a historic trade deal with japan and it was drowned out by what navarro calls a politically motivated witch hunt circus surrounding the impeachment inquiry. are democrats looking to cut their noses inspite america's faces. let's bring in gabby orr. what do you make of peter navarro's comments? >> i think this is an example of the message we can expect to see from the white house and the trump campaign going forward. the one thing they can effectively do, so long as democrats are going down the road of impeachment and focusing all of their energy and

resources into pursuing this impeachment inquiry is they can say democrats were given the house back in november of 2018 and they've done very little legislating since then and here we are he heading into an election year when they presumably want to hold onto their power and control of the house of representatives and they're doing very little legislating now. one of the things that peter navarro is expected the to point to in the coming days and one thing we've consistently heard from this white house is that house speaker nancy pelosi has declined to bring up the usmca, that second version of nafta, to a floor vote in the house. part of the reason for that is because of politics. democrats don't want to give president trump a win heading into 2020 when there is the connectioexpectation that if its brought to a floor vote it would pass. cheryl: isn't this the same behavior we're seeing from nancy pelosi that president trump called the swamp, that got him elected to the presidency in 2016. could this actually be a win for president trump?

>> well, i've spoken to a number of trump campaign officials and they certainly think this helps them politically, especially heading into an election when the president can talk to the accomplishments he's had over the past two and-a-half years and point to house democrats and say what they've focused on is investigating me, investigating people around me, holding hearings with people like bob mueller, bringing forward information that wasn't already brought to light. there is an effective message the president can stick to and his advisers can stick to and the question is whether president trump will in fact adhere to one singular message as he heads into re-election or if we'll see him fine-tune and tweak the message as the weeks go out. cheryl: on the ukrainian investigation, mike pompeo is actually -- the secretary of state is landing in rome today. he has a long week you ahead,

travel abroad with his wife. back at home, the question is was he on the july 25th call with the ukrainian president and president trump. we don't have an answer yet from the state department. does this help or hurt the trump campaign and where do the bidens fit into all of this because joe biden and his son embroiled in the same drama. >> there are he's questions about who was on the call and whether or not they tried to get the president to steer to a different message. there is reporting done yesterday that indicated the state department, a senior official at the state department said pompeo was not on the july 25th call, although he may have been privy to other conversations between the president and his ukrainian counsel r tearpart. -- counterpart. if he is brought into this he gets furtheren tangled into the impeachment inquiry and i'm sure that's something he doesn't want at this point. cheryl: we continue to cover every moment of it. gabby, thanks for being here. >> thank you.

cheryl: you want to keep it here on fox business, folks, because peter navarro is going to be sitting down with our own maria bartiromo on "mornings with maria." that's at 8:00 a.m. eastern time. you do not want to miss that interview. lauren: this, the republican national committee is pushing back against the impeachment inquiry. a new campaign called stop the madness taking aim at democrats. they're launching a website for supporters to sign petitions, donate and get involved in counter protests and demonstrations. tulsi gabbard call out fellow democrats for fund raises off impeachment. she tweeted candidates who are fund raising off impeachment are jiewnundermining the inquiry, fr dividing the already fractured country. kamala harris and steve bullock e-mailed supporters with links that lead to a donation page. you can see futures are certainly higher this morning, first day of the month and the fourth quarter. dow up 60, s&p up 6, nasdaq up

20. still ahead, no harm to users, facebook's stunning claims to the feds. in a newly surfaced memo to the ftc, we'll have details straight ahead. a tech giant getting into the fashion business with a jacket that can answer your phone calls. plus, how you can now own a piece of fashion history. keep it here on "fbn: a.m." ♪ shake your groove thing. ♪ shake your groove thing. ♪ yeah, yeah. ♪ show them how you do it now. ♪ shake your groove thing. ♪ shake your groove thing 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 ♪ thand find inspiration who win new places.ct... leading them to discover: we're woven together by the moments we share. everything you need,

all in one place. expedia. imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nation's biggest party store can staff up quickly as soon as it's time for fun. this is the world of adp. hr, talent, time, benefits and payroll. designed for people. sometand with theall screen xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. keep what you watch with you. download the xfinity stream app today

and get ready for xfinity stream tv week. watch shows like south park and the walking dead october 7th through 13th.

cheryl: it is october 1st. but it doesn't feel like fall in parts of the united states. montana already dealing with an unprecedented winter storm. the state covered in snow with some areas seeing more than 4 feet. lauren: unbelievable. senior meteorologist janice dean

is live in the fox weather center with the forecast. and it seems like a tale of two coasts right now. janice: you are absolutely right, the tale of two extremes. we're going to set heat records across the south and parts of the southeast and it is cold enough for four feet of snow across the northern rockies and northern plains. we have this frontal boundary set up along that front, mainly rain. in some cases we could get 5 to 6 inches of rainfall, very slow-moving front here and behind it that's where we're still seeing some of that snow. but you see where we have the flash flood watches and warnings posted from the southwest all the way up to the great lakes. so the flooding concern is going to be a big one, heading into the next 24 to 48 hours. and you can see where we're going to see the heaviest of rain across the midwest, back towards southwest. here's the forecast today. you see the showers and thunderstorms that are moving through, very warm across the south and the southeast. we will set daytime highs certainly, especially tomorrow.

it will be 90 degrees in new york city. so keeping us in business, i suppose, right? lauren: wow. crazy. cheryl: i have to run in that tomorrow, by the way. lauren: good luck. janice: hydrate, hydrate, hydrate. lauren: janice, thank you. cheryl: let's stay with the heat and sun for a second. if you're looking for sun and sand, trip advisor released the list of the top 10 beaches in the united states. coming in at the top spot, clear water beach in florida, followed by poly beach in hawaii, florida rounded out the beach, panama city beach, saint pete beach, pensacola beach is on the list. the full lisses it on foxbusiness.com,. lauren: time to plan a winter vacation. we've got more brexit br drama. queen elizabeth looked into how she could fire boris johnson after he shut down parliament.

ranko, could queen elizabeth actually do that? because if she axed boris johnson, that would be unprecedented in her 67 year reign. >> the u.k. constitution has some gaps in it. the biggest gap is when the executive doesn't have the confidence of the house of commons. the house of commons has passed legislation that mandates boris johnson to either pass a brexit deal by october 19th or seek an extension from the eu. boris johnson has said that he will not seek an ex. >>an exemption fromthe eu. the question is if what happens if he doesn't comply on the 19th. it could go through the courts in which case we could still have no deal on the 31st because if the prime minister is in jail, he can't send a letter

to the eu presumably. queen elizabeth could fire the prime minister or we could have a vote of no cough dense in the commons -- confidence in the commons which could allow boris johnson to set a date for the election after the october 31st deadline. all of these scenarios are constitutional crisis that are likely to lead to a lot of uncertainty and panic selling from investors. lauren: wow. there's a lot of moving parts here. ranko, thank you very much for laying it all out for us. we'll see what happens. cheryl: facebook reportedly tried to downplay the cambridge analytica scandal during settlement negotiations with regulators. tracee: the hill obtained a memo that facebook sent to the ftc ahead of the settlement. the memo says facebook found the fine to be excessive, arguing the ftc failed to identify any harm to consumers. if you play words with friends, you may want to change your password.

the game's developer has reportedly become the latest victim of a massive data breach affecting some 218 million accounts. the hacker news reports the stolen data includes names, e-mail addresses, log-in ids, passwords, phone numbers and facebook ids. they say they have taken steps to protect users' accounts. levis is upgrading the smart jacket. the company teaming up with google to improve the tech-savvy denim jacket. you slip your phone into the cuff to connect to an electronic tab. you can swipe over or hold your hand over it to issue commands to your phones. the jacket will cost about $200. and now is your chance to dress like jennifer lopez. the pop star's iconic versace dress is for sell. the green gown is available from modaoperandi for $9,325.

fans who have the budget to purchase it will have to act quickly. it's only available for pre-sale for the next 10 days and that is what's happening now. lauren: it's the exact same dress, tracee? tracee: it's a little different. they modified it. i think it's more daring this time around. cheryl: they made a bunch of them. lauren: i was thinking $9,300 would be the dress -- would be cheap for the dress. tracee: but it's not. it's different. cheryl: coming up, they're making millions of dollars online and some of them are barely in grade school. >> you have to ask lots of questions. she's in the corner, drink chardonnay all week. if i don't answer all the questions, she thinks i'm hiding a dead body somewhere. cheryl: we'll tell you about the controversy about the highest earning child infor instancers, that's coming --

influencers, that's coming up on "fbn: a.m." ♪ 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.

no matter what you trade, at fidelity when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me.

lauren: that was mila, web sensation taking the web by storm, she and her sister emma

have 4 million followers, they are 4 year's old. cheryl: they're not even at the top of the list, here to talk about incredible world of child influencers, metropolitan magazine chase, chase good to have you back again. these kids mick a ton of money, they make 1.2 million, they are at the bottom of the list. >> 4 year's old. cheryl: the toy, kid, right? >> well, this is what's happening, top 10 child influencer and ryan at the top of the game, $21.9 million at the age of 7, starred when he was 4 year's old and say, mom, i

want to do this. >> he said, yeah, mom, to be like this child, he reviewed the toys, that's his love. small entrepreneur. lauren: they are facing ftc lawsuit here potentially here. >> a lot of people are saying they are using it at home, there's really not that much law to come down on them. cheryl: basically no regulation on any of this. if it was a movie set, child labor laws would be in effect, they're at home with their parents, it has to be parents raking 3.2 million, 1.7 million. >> the parents control and

putting kids out there and no regulations. lauren: what is size or youtube influencer market? >> right now it's a good question. right now future is $16.9 million or something like that, that's where the child influencer are going, earning that type of follower and i think numbers. cheryl: i was looking at some of the steps, just like for instagram post, some of the participants and kids are polling $40,000 per pose. >> per pose. cheryl: major companies like wal-mart, mattel, carnival cruise lines. that's incredible. >> absolutely, they are targeting children by having -- by using children. >> a question of child

predators. >> exactly, some sort of regulations enforced. >> big market. lauren: that does it for fbn:am this morning, we will see good morning to mornings with maria. maria: tuesday act first, top stories before 6:00 a.m. on the east coast, breaking for volatility, markets reporting to kick off fourth quarter today with gains, take a look, dow industrials up 67 points, the impeachment taking new turn, democrats sound on new report claiming that president trump asked australia for help to take aim at 2020 hopeful joe biden, no mention of australia helping to frame him in 2016, the white house says it's playing by the book, how this could affect trade deal and your money coming up. china celebrating 70 years of communist rule, showing military strength. we will show you this parade which has incredible military

armorment in china overnight. getting paid in california, what it could mean to business across the country? mornings with maria begins right now. ♪ ♪ maria: big show this morning, fox business dagen mcdowell, lawrence jones is here onset and wall street journal senior editor jon hilsenrath. >> good morning. maria: a lot to talk about, gains this morning for this market, futures indicating gain at the start of trading, we are kicking off the fourth quarter today and in about 2 weeks we will get the earnings, s&p up 6 and a half and nasdaq up 23. what are you looking for?