>> dana: that's a real miracle. >> yeah. >> dana: so happy for both of them. >> a great story. >> dana: tyrus, thank you. thanks for joining us. see you on "the five." i'm not done today. here's shep. >> shepard: it's 3:00 on the east coast, noon in hollywood. we get word of an arrest in the murder of a director who worked on some of the biggest tv shows of all time. the case unsolved for years. cops say once again, dna helped crack the case. plus, a helium shortage have parents shelling out big box for balloons to float. but party planning hassles may seem minor what you hear what doctors use it for. how would you like to get pulled over be a real-life robo cop? one inventor says it could save police and civilian lives. reporting begins now.

our reporting begins with stocks making a big comeback after serious shots fired in the trade war between the world's two biggest economies. the dow was down more than 300 points this morning after chinese trade talks were not going well. then, well, the markets seem to have factored it in and stocks turned around. now we're in the positive for the day. but the trade war continues. here's what has happened so far. the trump administration add midnight last night hiked tariffs on more than $200 billion of chinese products. up from 10% to 25%. remember, a tariff is essentially a tax. the importer pays the tax and can pass it on to the buyer in america or absorb it. of course, eventually we all pay in higher prices. in this trade war, both sides

have shots to fire. next is china's move. the question is, will china answer or escalate? china could go light and raise tariffs on american products that are already targets, but might it also tax or ban say u.s. soy beans would be crushing for american farmers? or might china escalate by hitting some of america's biggest brands like apple. imagine no iphones for 1.2 billion chinese customers and what that might do to the markets and broader economy. the next move is china's. analysts expect that move will come very soon. today another round of trade talks in washington ended with no deal. president trump says he's in no rush. the white house accusing chinese officials of trying to go back on commitments that they made in earlier negotiations. markets around the world dropped earlier today, most but not shanghai where the government

apparently pumped in a bunch of money. the dow plummeted but now it's up 75 on the session. it has bounced back significantly. the new tariffs on chinese products are largely on business equipment, but also on $40 billion of consumer products. things we use. the "wall street journal" reports you could pay more for honey, mushroom and fruit and clothing, handbags, laptops and mobile phones and furniture. all of that. and toilet paper, soap, pet food, lamps, air conditioners just in time for the summer. prices are going up. president trump defending his decision to impose more tariffs tweeting there's absolutely no need to rush, except that as reported chinese goods in america are going up and american farmers and producers will suffer. if the trade war drags on, the

economy will be affected. chief white house correspondent john roberts is live on the north lawn. john? >> good afternoon to you. there could be another escalation by the u.s. side. the chinese vice premier left his hotel room and headed for the airport where he will depart at 4:00 heading back to beijing. not before being told, according to sources, telling fox news, not before being told that the white house has now started the clock running on another tranche of sanctions, this it would be 25% on $325 billion of chinese goods. sources telling fox news that china has three to four weeks to make a deal or the new tariffs will go into effect. president trump accusing china of trying to renegotiate a trade deal that they agreed to at the last minute. late last week, china indicated that it was going to reverse itself on some very key

components of the trade deal that it was negotiating with the united states on things like intellectual property, strong legal language in terms of enforcement and then china, according to the president, started to play the delay game on another round of talks, so the threat threatened new tariffs. the tariffs went into effect last night. 25% on $200 billion worth of chinese goods. today's talks lasted a couple hours. the treasury secretary mnuchin and lighthizer came back to the white house to brief president trump. mnuchin would only say they were constructive discussions between both parties. that's all we're going to say. the vice premier heading back to china saying the talks went fairly well, and adding that the talks would continue. it's unclear what the two sides had to talk about. sources told fox news that the vice premier sat down across from mnuchin last night and told

them there was nothing more that he could do, it was up to president trump and president xi to push an agreement across the finish line. there were indications that there would be a call between president xi and president trump. fox news has said that nothing is scheduled. the president gives time to ruminate on the $200 billion in tariffs. the president said tariffs will make our country stronger, not weaker. watch. china should not renegotiation deals with the u.s. at the last minute. this is not the bomb administration or the administration of sleepy joe who let china get away with murder. the vice premier saying china would prefer a different route of negotiations and they are than tariffs. listen in. >> of course, china believes raising tariffs in the current situation is not a solution to the problem though harmful to china, to the united states and to the whole world.

so a way out should be to solve it in a manner to come to cooperation. >> some democrats criticized the president's use of tariffs to try to put the strong arm on china. others say the status quo cannot continue. here's michigan congresswoman debbie dingell. listen here. >> we don't have a level playing field in this country and we have to have fair trade policies. it's a complicated issue. we need to do something about trade policy. quite frankly, it's been hurting the american worker. >> as you pointed out at the top, shep, china is threatening counter measures. the big news, the united states has the clock running on another big tranche and this would be the biggest single tranche of tariffs against china. 25% on $300 billion of goods.

that will hurt somebody. >> shepard: thanks, john roberts. chris wallace now, host of "fox news sunday" live in washington. chris what is the politics of this as the white house sees it? >> well, if they win, if the president is able to make a deal and it does restructure relations between the u.s. and china when it comes to trade, it would be a huge victory for the president. everybody, on all sides, you can see democrats like chuck schumer talking about it, the relationship up till now has been unfair. companies that want to do business in china or invest in china are forced to give up trade secrets, intellectual property. china subsidizes their businesses which gives them an unfair advantage. it's an unfair relationship. so if the president can prevail and get china to mend its ways, to clean up its act, it would be

a huge victory for the president. i don't think we're in a trade war now. trade talks have not broke down. there will be another round in china in a few weeks. secondly, john emphasized the point in three or four weeks, the president is threatening to raise tariffs up to 25% on another $325 billion of chinese goods. the other side of looking at this and the way that wall street is looking at it is that he didn't decide to do it right now. he's giving china three four more weeks. people think that is hopeful. at the end if we end up in a full scale trade war, it could have serious consequences. china will respond and could do everything from raising tariffs on agricultural products to just

banning as john suggested the purchase of things like soy beans or sorghum or pork or other products. that would really be a dramatic impact on the agricultural industry and also raise prices for a lot of goods that we buy from china. so if we win, it's very good for the president. if we get into a prolonged trade war, it could have a political blow-back. >> shepard: it's not prolonged yet. the first tariffs were 10% for imports from china. china retaliated with an in-kind tariff on the united states. now the united states has escalated. if the definition of a trade war is that it occurs when country a raises a tax on country b, and then in retaliation country b raises tariffs on country a's import, we're there. we're just not deep in the war. it's the long protracted war where volleys are hit back and

forth where people are hurt like farmers in mississippi can't pay their bills, can't decide whether they want to plant or not. people going to walmart find the things that they need cost so much more and there's no producers for the products in the united states. that is when it starts to affect consumer mentality. that is when we get into a bad place. the question is, when will we get there and what will china do next? we don't know those answers. >> again, the point i would make is, up to this point, we're imposing tariffs on $200 billion. those were chosen carefully. $200 billion in chinese goods. they're not some of the goods that u.s. consumers need or depend on the most. if the president follows through in his threat to have 25% tariffs on all of the more than half trillion, $500 billion in chinese imports in this country, you'll see a real impact. that's what i mean when you get

into a full scale war. one of the things that is interesting to see as we talk about it, we're at a half measure here, how will china retaliate? we don't know. my guess is that given the fact that the president is holding off on the full monty, if you will, of $500 billion in u.s. goods -- in chinese goods being imported out here and imposing tariffs on them, i suspect the chinese will take a half measure back. >> that's what china does, history says. but along the way, is there a point where the president looks back at trade wars are good and easy to win and has to at least reposition that sort of thing? if you're a soy bean farmer in louisiana and that happens, we -- for those particular individuals in that place, there's a whole new world for a group of people that have it hard already. >> absolutely. any kind of battle is good and

easy if you win it. if you get into it and you don't have a way out, that's run of the real questions. how does this end? what happens is, we have this negotiation with china. we thought, we understood, we, the u.s. trade representatives like mnuchin and lighthizer, they were going to change chinese law. president xi saw this and said i'm not going to do that. it would be humiliating for china and push back. according to the u.s., basically reneged on some of the promises. that's the question. now you'll have political pressures on president trump who faces re-election in 2020 and, you know, this could impact farmers, could impact a lot of consumers around the country who will have to pay more. if the chinese have domestic

imperatives of their own even though it's not the same democracy and one of the questions is, is chinese president xi going to be want to be seen as backing down to the dictates of an american president. >> shepard: we ought to know something within hours or through the weekend. >> could be something to watch on "fox news sunday." >> shepard: i'll be watching "fox news sunday" this sunday. well, the rebels are playing at that time. may be a rain-out. we'll see. i'll be there, chris. so will all of our fine viewers. >> that's why they invented dvr. you have to watch it same day. >> shepard: so you get the cred credit. we're learning more about the missiles that north korea fired this week. they're a lot like the ones we've seen out of russia. iran responding to the president's request. give him a call. u.s. navy ships get closer to their destination in the middle east. it's a busy news friday as our

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otezla. show more of you. >> shepard: russian fingerprints are all over the missiles north korea fired yesterday according to one expect. he's a rocket scientist that spend years analyzing north korea's missile program. he said the missiles can adjust their flight to get through gaps in u.s. and south korean missile defense system. this comes as officials say north korea fired more missiles than originally reported. jennifer griffin has more. >> u.s. officials tell us pong yeah fired three new short range ballistic missiles thursday, not two as previously reported. breaking a 1 1/2 year moratorium as the president and kim jong-un

began holding talks. the president's nominee for defense secretary patrick shanahan spoke moments ago. >> our operations, our posture will not change. we'll focus on our readiness. i think what has been reported in terms of missiles and rockets is accurate. >> there's signs moscow is now helping north korea's missile program. two weeks ago, kim jong-un met vladimir putin for the first time in eastern russia. the short range missiles were fired from the capitol and traveled 200 miles before splashing down, shep. >> shepard: now we're learning the pentagon has approved more money to build a wall along the southern border. >> that's right. patrick shanahan has agreed to spend $1.5 billion to build 80

more miles of wall. we're learning that $604 million is being taken from funds to train the afghan military. >> i won't be reprogramming anymore money for the border wall. there was $1.5 billion reprogrammed. some of it came from money that we were saving or whatever terminology you want to use from afghanistan. we have very smart people here in the department. we found ways to do this without having any impact on readiness. >> in march, shanahan approved the first transfer of money to help build 60 miles in yuma and el paso, shep. >> shepard: thanks, jennifer. the u.s. is threatening to slap venezuelan officials with more sanctions if they keep supporting nicholas maduro who is hanging on to power a week after that attempt to oust him.

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>> shepard: now the escalating tensions with iran. a former iranian commander says there will be no negotiations with america. one day after president trump told iranian leaders call me. the commander also claiming that the united states would not dare take military action against tehran. the trump administration this week sent an aircraft carrier and bombers headed in that direction to combat potential threats from iran. these images show the b-52 bombers arriving at a base in the persian gulf. that's defense department video.

rich edson is reporting live at the state department. rich? >> secretary of state mike pompeo also has a warning for iran. he says any attack on an american citizen or interests would be met with swift and decisive responses. the secretary also says in this statement, "we don't seek war but iran's 40 years of killing american soldiers, attacking american facilities and taking hostages is a constant reminder that we must defend ourselves." secretary pompeo has demanded that iran act like a normal nation. he wants them to stop funding malitias across the middle east and seizing and detaining american citizens. that would stop what they call the maximum pressure campaign and welcome into the community of nations, shep. >> shepard: iranian officials say the u.s. walked away from negotiations. >> what iranian officials are saying there were discussions between the u.s. and iran and

the trump administration decided to withdraw from the iran nuclear agreement. a top official said the iranian state media that trump thought with the new sanctions imposed on the republic, iran would face a turmoil and negotiate with the u.s. but in practice, it didn't happen. the past year, the united states restored the sanctions specifically targeting oil and banking in iran. iran has demanded the european countries that are still part of this deal, that they help iran circumvent these sanctions. the iranian government is giving them less than two months to help them circumvent or they will start enriching uranium. european governments say they disagree with that threat and tell them not to make it. they're also saying of the united states they should have never left the deal to begin with. a big mess with i ran with the

europeans caught in the middle. >> shepard: thanks, rich. the pressurery department putting venezuela in defense and security officials on notice and warning them that the venezuelans will face sanctions if they continue to support the disputed president, nicholas maduro. let's get to the white house and blake burman. blake? >> hi, shepard. this warning coming from the treasury department and the state department earlier today saying those tied to nicholas maduro within the defense and security divisions could have sanctions coming their way down the line. the treasury department says this has to do with the recent arrests of members of the national assembly. we'll go back to earlier this week on wednesday. venezuelan forces aligned with nicholas maduro. juan guaido and other nations at this point recognize as rightful leader of venezuela. wednesday evening in florida,

president trump continued to throw the u.s. government support behind guaido. >> we also recognize the legitimate government of venezuela and we forcefully condemn the socialist brutality of the maduro regime. our hearts are united with the people of venezuela. >> back in september of 2018, the trump administration, the treasury department sanctioned nicholas maduro's defense minister but notable today, shepard, no one specific individual or individuals was identified by the treasury department essentially. they're putting those within the defense and security wings on notice. >> shepard: they're also making a push to clamp down on venezuela exporting oil. >> they are. a two-fold announcement. the second portion of it going after oil exports from venezuela, which the u.s. is

trying to crack down on. they sanctioned two shipping companies, one based out of the marshall islands and the other out of liberia. they're helping send oil from that country to cuba. the treasury secretary, steve mnuchin explaining it all in a statement saying -- >> shepard, the president's closeest advisers continue to say that cuba is trying to prop up the maduro regime. shepard? >> shepard: blake burman, thank you. the world is running out of helium. we've none this for a while. it may not be a problem just for your weekend parties. scientists say the shortage could affect big industries from technology to medicine. also, an arrest in a murder mystery from more than three

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i got real relief. i got clearer skin and feel better. now, watch me. get real relief with cosentyx. >> shepard: a possible crack in a decades old case of a murder with a hollywood director. we have a live update. and the deadly storms that hit texas are moving along. we'll tell you where the waters are in the lone star state. up next, louisiana, mississippi, alabama and beyond. and something is rotten of one of the world's most beautiful beaches. details on the algae problem piling up on pristine shores and why you want to watch before you plan your next get-away.

ponch and john would be proud. prosecutors charged with murdering a director/producer. barry crane worked on c.h.i.p.s. his murder unsolved for decades until now. in addition to c.h.i.p.s., he directed shows like the incredible hulk, $6 million man and hawaii five-0 to name a few. he was found dead in his garage naked and wrapped in bed sheets. he was beat with a statue and strangled with a telephone cord. until yesterday, police in north carolina arrested this man, ed hyatt and when a reporter asked this man if he could have killed the director, he said anything is possible back then.

i was big into drugs. anita vogel live in the west coast news hub. anita? >> shep, it's like a script ripped from a holiwood movie. the lapd said they requested the evidence found at the crime scene be retested in 2006. again last year. that's when fingerprints found on barry crane's stolen car were matched to edwin hyatt. the fbi secretly collected cigarette butts and a coffee cup from the car repair shot where hyatt worked in north carolina. well, the fna matched. when homicide detectives interviewed hyatt in march, they say he confessed to the killing. hyatt was only 18 at the time of the murder. he said he doesn't remember much, but that bits and pieces came back as investigators jogged his memory. no word on the motive. but it does read like a plot of

a tv murder mystery that crane could have directed. shep? >> shepard: the victim big in hollywood and beyond. >> yeah, he was. barry crane was part of some of the most iconic tv shows of the 70s and the 80s. from the $6 million man, one of my favorites, the incredible hu hulk, wonder woman and dallas. big ones. but crane was better name as a bridge player and considered among the best in the world. he won 16 north american championships and named one of the most prestigious prizes after him. in fact, crane was last seen alive at a bridge tournament the day before his body was found. he was 57 years old at the time of his death. hyatt is being charged with one couldn't of murder and brought here to los angeles for a rainment. >> shepard: anita vogel live in los angeles. a fox extreme weather alert. severe storms have been pounding

houston. look at this. torrential rain, baseball size hail in some places. the bad weather left dozens stranded and thousands out of power. in one spot, the water levels rose higher than during the devastation of hurricane harvey that hit the city just a couple years ago. take a look at this. firefighters responding to a car upside-down and under water in a flooded ditch. they say they're not sure how long it was there. but rescuers found something trapped inside still alive. the threat of flooding there is not over either. other parts of the southeast are bracing for their turn. casey stegall live in the texas newsroom. casey? >> the entire water logged region is still not out of the woods just yet. they remain in houston under a flash flood watch at least through sunday. so there's no signs of sun shine any time soon and they need it

to dry out because as you well know, when you have days and days, inches and inches of rain, look at it from above. the bayous and the canals and the system designed to carry the water away, they're inundated and nowhere for it to go and then this happens. large swaths of a major metro area become crippled. people have to wade through waist deep water to reach family. the waters came up so fast stranding thousands and even the ups driver got caught. as one woman describes, he underestimated how bad it was. dangerous. i made it home just in time before the water got high. thank god. >> many school districts had to cancel classes this week, shepard. >> shepard: flooding isn't the

only problem. >> no. you mentioned the hail and the wind. you want to talk about baseball size hail and what it can do. check out this video of a house torn to shreds in houston and the northeast part of the city. it is unbelievable. then you mix in heavy winds to blow them every which way. luckily no reports of these hail stones hurting anyone. but you can tell that they really did a number on a lot of houses and businesses in that area. meteorologists say you cannot rule out the possibility of a potential isolated tornado or two as this mammoth system continues marching off to the east. >> shepard: thank you. thanks very much, casey. coming up, a look at how the u.s. trade war with china is affecting american farmers and the stock markets. jeff flock is knee deep in pigs. we'll get a check in. plus, uber has arrived on wall

street. wow! what a week for an ipo. this did not go as they wanted it to go. first, cops can never know what is waiting when they approach a car near a traffic stop. one man in california says he's invented a robot to take care of things. >> good afternoon, ma'am. you know why i pulled you over? >> no, sir. >> you were speeding. can i see your license and registration? >> yes, sir. >> shepard: the future is brought. the robot sits on a rod that extends from the police car, travels up to the driver's window and has a slot and screen for the driver's information. that info goes back to the officer safe in the squad car. the robot has a signature and hand pad. the inventor said he was tired

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>> shepard: on fox's top story, the u.s. more than doubling tariffs on lots of chinese imports overnight. that could cause prices of chinese products to sky rocket and all kinds of items from laptops to sell phones, toilet paper around pet food and more. the trade dispute affecting american companies and especially farmers that sell to china. the country has a huge market for american pork. jeff flock is among the pigs in polo, illinois. oink, oink. >> if you go in a pig pen, the pigs will eat you as well as you eat them. that's appropriate. the farmers are getting chewed up by the tariffs. it's the retaliatory tariffs in retaliation for the president's tariffs that have driven prices to a point that -- brian, you're at the end of your rope. >> a lot of farmers are out of

patience financially and emotionally out of patience as well. >> this is a president that farmers have supported. >> i think farmers have been supportive of this president. some of his policies we may have wished have gone differently. no matter what, farmers are looking at this week as a resolution with the chinese and better times. >> that's the thing, shep. they were really counting on getting a deal with china. these tariffs, if they stay on, i don't know how much longer they hang on. >> shepard: you wonder what happens if china retaliates and the tariffs go up, more taxes? >> you could increase the tariffs. it's funny. the president tweeted today. it's interesting. farmers, he's supportive of farmers verbally. he said "your all-time favorite president got tired of waiting for china to help out and start buying stuff from the farmers.

the greatest in the world, the farmers." he said a lot of positive things about farmers. he hasn't shown it in terms of policy. >> that's where the challenge is. we can't pay our bills with promises. certainly there's been plenty of those. where do we go from here? trying to turn a tweet into public policy? that is difficult to do today. i think farmers are looking for some solutions going forward here. >> thanks. i'll tell you, take a look at this. >> shepard: they like your blue boots. >> you have to watch your feet. >> yeah, they'll go through the blue and into my toes here soon. maybe i better say good-bye. >> shepard: doesn't look overly pleasant. >> not overly. doesn't smell good as you might imagine. >> shepard: clean'em up. jeff flock, nobody better. live with the pigs.

speaking of, uber made's debut on wall street. $8 billion in the initial public offering. i own uber shares. it's the worst week of the year on wall street. even the uber price at $45 a show, low in the projection, the first trade once it finally opened was $42. the dow was down like $300 at the time. you can see it's rebounded and nicely. uber's price? not so. right now it's down almost 6% for the day. gerri willis reporting live at the new york stock exchange. timing is everything. >> hi, shep. i thought we were going to break. here's the big thing. you said they were a disappointment when they came out. we thought we would have a $45 opening trade. it was $42. that's exactly what traders down here don't want to see. i was in that scrum of traders for two hours and 20 minutes as they tried to bring together the buyers and the sellers and come up with a price for this stock.

it was a nail-biter. the dow was down 340 points. as the dow went down, so did these offers to buy uber shares. so it was a nail biter. traders were anxious, nervous. but now the dow is up 57. so anything can happen on the floor of the new york stock exchange. >> shepard: and uber is down 7%. if you believe in the business model, stay with it. otherwise, get rid of it. coming up, popular beaches are dealing with a stinky mess and making the ocean breeze more like rotten eggs. a global shortage of helium. and that could affect lots more than balloons. how helium helps doctors every day. or new colossal shrimp & salmon with a citrusy drizzle.

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my dbut now, i take used tometamucil every day.sh it traps and removes the waste that weighs me down, so i feel lighter. try metamucil, and begin to feel what lighter feels like. >> shepard: some of mexico's beaches have a smelly problem.

huge mounds of seaweed-like algae have been piling up in popular resort towns in cancun, riviera maya. the algae turns the water brown. when it decomposes, it smells like rotten earriggs. despite the algae, the number of tourists coming through cancun's airport is reportedly up from last year. it's getting harder to throw a party with balloons that float. scientists say we have a global shortage of helium, this as part city announces they plan to close 45 stores this year. the lack of helium isn't just affecting balloon parties. several industries use the gas including medical industry that uses helium for mris. jackie deangelis has more. >> helium prices are higher, up

30% since january. as you mentioned, because helium doesn't just go in balloons. it's used for other things including medical imaging. as demand rises, it comes from qatar, texas and wyoming. people won't be able to access the balloons to decade as they have in the past. experts are saying blow up the balloon the old fashioned way, tape them on the wall or maybe an arch. that's an option. if you do find the balloons, you'll find they're more expensive. in 2004, one balloon is 99 cents. now it's like $2 for the same balloon. party city, as you mentioned, having a tough time. a lot of mom and pop shops are,

too. people go to these places for balloons, not necessarily other items. the other items are the add-ons. it's a bread and butter for a lot of businesses. the future of helium is up in the air. >> shepard: you could say that. jackie deangelis. thanks. if your iphone or android stops working, call support or bring in a kid. students pulling double duty as tech support. look at these eighth graders in buffalo. they're member of the school's tech squad. they fix cracked screens and stuck keys and help teachers solve issues on ipads and laptops. the district pays them as tech interns. it's a win-win. teachers have hands on experience and faster turn-around time. the final bell is about to ring on wall street and we're up on the day despite a huge loss to open things. everything is good except uber.

uber is off 7.5% since the ipo that morning. what that means for ipos up and comi coming? that's a report for future days. "your world" with neil cavuto is now. >> neil: they're on a jet plane now. don't know when they will be back. the chinese delegation is headed home, folks. no deal yet. president trump says the talks will continue. his treasury secretary said the opposite, that nothing is planned. nevertheless, stocks were trimming earlier gains but came back from huge, huge losses. also today, we were focusing on uber shares. a big debut. a bit of a dud when it comes to the opening day performance. down 8%. those are the cross currents today. what a day. welcome. i'm neil cavuto. fox on top of trade tensions that are still over the top. we've got john roberts