edward lawrence has just wrapped that up. i was able to greet him and he and edward had this conversation and by the way, we are going to hear more of what eric said about why he doesn't think we probably need another rate cut this year. with the closing bell ringing in 47 minutes, on a wing and a prayer, want your lipitor via drone dropped on your front lawn? walgreens leading the dow 30 after announcing it will be testing a new drone delivery service in conjunction with amazon startup wing. as the number three pole position, walgreens is up to $55.09. it's getting in on the moonshot economy. one of the original lions of silicon valley's internet age, larry ellison of oracle, torching the young whippersnapper names that are recently dominating the startup stock scene. up next, the market guru who lives and breathes all things millenial is here next on which companies are the real new economy rock stars and which stocks are just part of the hype machine no investor, young or old, should buy into. grizzled thomas george, next w

connell: edward lawrence in washington for us. a potential shakeup overseas with the hong kong stock exchange proposing a 36 billion-dollar takeover of the london stock exchange. jonathan, todd, are back. any chance these reports are true, todd, this comes off the ground? we've done a million stories about the chinese in general, hong kong a territory controlled by china, having access to quote, unquote sensitive information. talking about a stock exchange in london, is this for real, what do you think? >> everything is real. everything is for sale as we've seen. our own u.s. exchanges start to consolidate to many less exchanges. can it get done? i would find it hard to believe to get through all the regulations, all the hoops you have to jump through it get there. if it is publicly-traded venue it has an opportunity to be taken over. i would find i had hard to believe it could be done but if there is enough money, one thing we remember, people like the money. nothing bothers them when it comes to cash. connell: the other part, jo

from boston federal reserve president eric rosengren in an exclusive interview with our very own edward lawrence he dissented on wednesday when it coming to rates, lowering rates to address uncertainty is not the move right at this moment. i want to bring in edward jones' investment strategist, nila richardson and michael block. he is says listen, he made one kind of snide remark, the fed watching all of the economy, not just segments about the economy, a lot of folks are saying hey about manufacturing, what about this? he pointed out 70% the economy, consumer is, but greater risk taken by the investment community. do you think he is right? >> i think that his view makes sense where we are economically in the cycle. if you look to the consumer, you know the fed's never cut with unemployment below 4%. charles: they have actually hiked rates. you could argue they triggered most of the recent recessions by reacting to lower unemployment and higher wages. >> with the strong consumer it es hard to justify a 50 basis point cuts now. like taking antibiotics while you're healthy? why are you doing that

edward lawrence. our market panel joins us erin gibbs, gibbs wealth management and mitch rochelle, partner at twc. erin, this idea you look at something like an impeachment inquiry, say i'm going to make an investment based upon that, that's tough to do obviously. what about edward's larger point here all this talk could impact other issues like trade? what do you think of that. >> when you look at corporations anytime you're fighting an additional legal battle it could be a distraction and less productive on other issues. this could flow down the possible trade talks but i think, for the most part the republicans know they're not, impeachment will never get passed through the senate. i don't think they will take it that seriously. i doubt it will that be big of an impact on a slowdown. more about the house. i don't see it being a huge impact to investors. any like real change in how quickly we're going to see a resolution. connell: even if the removal, to the pointer rin is making of the president fr

to edward lawrence now at the white house with the late-breaking details. edward? yeah, movement on this trade stuff here. good news for farmers here. in fact, farmers have seen their stockpile of soybeans grow so that's welcome news. the chinese department of agriculture confirming that purchase of those soybeans. also, when it comes to pork, removing or having the exemption tariffs on pork products might spark a buy there from chinese companies. adding to all of this intrigue, the last 18 months of these trade talks has been kind of like a soap opera here. president donald trump now responding to the idea that's been floated about possibly an interim deal with china. he said yesterday that he guesses he would consider it, but in the same breath said that he would really want to have the whole deal. he said i would rather have the whole deal. now, trade experts say the president is working towards that whole deal but the progress has been slow. >> they have opened up the financial sector for wholly owned american companies. they passed this new foreign investment

you heard edward lawrence reporting, boris johnson with votes to delay brexit. broar rise johnson did lose his conservative majority. he expelled he several mps, including the grandson of winston churchill. watch boris john on fighting for brexit in and speech yesterday. >> i want everybody to know there are no circumstances in which i would ask brussels to delay. we are leaving on the 3st of october. no ifs or buts. we'll not accept any attempts to go back on our promises or scrub that referendum. liz: joining me is lord conrad black. what's going on. >> it's a startling and spectacular turn much events. this is one of these issues that galvanizes opinion and cuts across party lines. there are a few of them in british history. but there haven't been any in the last 100 years. the question is whether britain goes entirely into europe and subsumes into secure mean government or a sovereign government. the people who lost the narrow vote are concentrated largely in the media and around the universities and the financial community of london, and they are very influ

for the very latest on this story, edward lawrence is at the white house. ed?urity advisor john bolton is direct, blunt and abrasive and those traits in part may have

reporter: edward lawrence from fox >> edward lawrence from fox business network. you said there's no precedent for trade uncertainty in a monetary policy. in the last few weeks have you figured out how to incorporate the level of trade uncertainty into monetary policy going forward? you talked about uncertainty many times today. mr. powell: my point was that trade policy is not the business of fed but congress and the administration. so what are we talking about? anything that affects the achievement of our goals can in principle can be something that monetary principle should be taken into consideration. and trade policy is something that is weighinging on the outlook. i pointed out in recent remarks that the thing committee can't address really is what businesses would like, which is a settled road map for international trade. we can't do that. we don't have that tool. but we have a powerful tool that can counteract weakness. and we think our policy tools support economic activity through fairly well understood hannels by homes and other interest-sensitive items

edward lawrence from washington. hudson institute director of chinese strategy doctor michael pillsbury will be with us on monday night broadcast, he is getting ready to head toward china. next week. the house judiciary committee wants records from big tech executives for any evidence other anticompetitive behavior the committee sent letters to amazon, jeff bezos, mark zuckerberg, tim cook, google early leader larry paes, eric schmidt, and the committee antitrust investigation has suffered from dozens of state attorney generals and the u.s. department of justice antitrust division. there's a lot of investigating going on. in the market for their part today basically unmoved by the day's development. breaking news tonight, justice department inspector general horowitz is sellin telling the e and oversight committee sees in the process of finalizing his report into the pfizer court of abuse by the fbi and the department of justice. he told those committees, there are two versions of his report, one classified and the o

edward lawrence. today's rally adding another 400 billion dollars by the way in market cap, for stocks. the china talks back on. the markets are upbeat and spirited. the economy still strong. and on the president's plans for border security, well, they are taking hold. the president is spending almost 4 billion dollars to build that border wall he promised, illegal crossings at the u.s. mexico border also down for a third straight month, reversing the trend of the previous six months but still higher than a year ago. in august, there were nearly 51,000 apprehensions, down 62% from this year's peak in may, but border crossings are still 35% higher than august of last year, but the trend decidedly working in the u.s. favor. joining us tonight acting customs and border protection cbp commissioner mark morgan. great to have you with us >> thanks, lou. lou: let's start with what is decidedly a big development for this country. a national emergency declared by the president in february, now the border wall

i want to go to fox business edward lawrence who joins us now with complete recap from the entire speecht entire speech but recap. >> he also mentioned the job's report that came out, the job's report showing stable economic foundation, the job's creation 130,000 in august, below the estimates but still very strong, white house economic adviser larry kudlow says that it doesn't matter that it fell short of job creation estimates because labor force participation edged up and people are on the fringe of the labor force are coming back in. >> america is working, america is getting paid well, america is spending and saving and producing. so i think this is a dynamite report which got to look under the hood. >> a big number especially for the federal reserve is 3.2% and that's the average hourly wage increase over the past 12 months, labor force participation rate edging up to 63.2%, so people are making more but not enough to put upward inflation pressure and workers are coming in on the edges of the labor pool, wrap all of that in with unemployment rate stable for the past 3 months at 3.7%

let's get to edward lawrence for this story from washington. edward?orter: liz the impeachment process started in the house and throws into question if congress can get to ratifying u.s. mca. now the u.s. trade representative robert lighthizer says he hopes to have mca come up to after vote before december and he needs tomorrow with the democratic working group on the deal and says it makes sense to slightly change the agreement to address their concerns over enforcement and the house speaker says the process is moving forward but gives no firm date on when a deal could come for a vote. we're moving ahead on the u.s. mexico canada agree. we're again hoping to be on a path continuing path to yes. reporter: democrats are saying there is so much work that the house has to do like passing a budget that the u.s. mca may not come up within the next three months but still the administration pushing for a vote. lighthizer says it would be a catastrophe for the u.s. economy if u.s. mca does not pass the republican leadership warning the house speaker to get her

liz: edward lawrence in washington.'s go to check your money, jerry is on the forward the big board of the details of today's rally. reporter: liz, that is right, the markets are shrugging off the impeachment worries ending in the green the dow up 163 points in the s&p up 18 and the nasdaq up 84. juul ceo kevin burns re-signing. this comes in the wake of the fda announcement that it intends to ban flavored cigarettes, with jules sidelines, that makes conventional cigarette makers are going to bust up the intended marriage and they will not merge. that was a big headline trading in opposite directions as a result. it was a day for ceo departures, adam neumann of wii works stepping down, he will be a chairman, thousands other employees expected to lose their jobs as well as the company downsizing. and also stepping aside devon has left the online marketplace citing conflicts with the war. what is going on. back to you. liz: jerry great to see. let's get right to fox news contributor and former white house press secretary

get to edward lawrence in washington with the latest. reporter: celebrations have already started in china as it is tomorrow there. the administration pushing back on a plan, talking about limiting chinese companies from registering on the u.s. stock exchanges. a spokeswoman for the treasury department says that the u.s. is not blocking chinese companies from listing shares at the present time, adding we welcome investments into the united states. other advisors say today there is an issue with transparency among chinese companies. still this is in the discussion phase. it has not gone to the president. former sun microsystems cofounder scott mcnealy says regardless, now is the time to take on china, level the trade playing field for the longevity of u.s. companies. >> china is no longer just a little third world developing nation. they are the, i think the second largest gdp in the world. very, very powerful, very strong and there is no question that their intellectual property actions are very detrimental to us. there is no question th

fox business's edward lawrence is in capitol hill with the latest on this one. there, edward. reporter: a lot of news. the house speaker working with the democrat uk caucus members trying to navigate a path forever growing hungry base that wants impeachment. house speaker nancy pelosi will announce formal impeachment inquiry at top of the hour here. going forward the house speaker trying to navigate the path with pressure from house democrats have been increasing over the past several weeks. moderate democrats within the last day or so started to add on their voice saying they would like to see some sort of impeachment coming soon. a dozen of those members made the call since monday. also senators now, starting to make that call. listen to this. >> i'm calling for impeachment proceedings, an investigation against the president because he has crossed the line using the office of the presidency for personal political gain. reporter: senator richard blumenthal one of 10 members on the judiciary committee on the senate side to start impeachment hearings into this, to

edward lawrence at white house. gerri willis at the new york stock exchange, phil flynn watching action in oil at the cme. let's start to edward. reporter: melissa, trade optimism is happening here. junior level talks happening with the chinese. this will set up the main event early in october when the two heads of the trade delegation meet, but this could indicate if there is progress for the talks. wilbur ross says the chinese must show us something this week. >> if they aren't prepared to give on anything we're not going to get anywhere. >> right, right. >> remember what we need is to correct the big imbalances, not just the current trade deficit. but also structural imbalances, impediments to market access, disrespect for intellectual property. forced technology transfers. so it is more complicated than just buying a few more soybeans. reporter: chinese trade sources calling this preliminary talks this week. they want to focus on how to get a win-win deal for china and the united states. our sources say chinese i

he sat down with a exclusive interview with edward lawrence in the newsroom. reporter: eric rosengren is one of the three dissenters for the last rate cut. the second meeting in a row rosengren dissented. he thinks federal reserve policy is accommodative enough. adding stimulus when we already have 50 year historic lows and inflation close enough to the target, it could am anify the next town attorney. he is not worried that the federal reserve will run out of any issues to handle the downturn. >> unlike europe and japan we have some room on our short-term interest rates. we're at 1 3/4 to 2% right now. there is a little bit of space before we hit zero. long-term rates are still well above see row unlike where they are in europe and japan. we have room to buy securities if we need to. we can use what is called forward guidance. reporter: rosengren is looking for a bubble that could form with the low interest rates. he thinks stock prices are inflated and the conditions make it easier for companies as well as households to take on too much financial risk. >> so

edward lawrence on capitol hill. hillary vaughn, we mentioned tech is outside of the supreme court where 50 attorneys general formally are launching an investigation into google's alleged antitrust practices. so hillary, let's start with you. reporter: connell, 48 state attorneys general and two territories launching their investigation officially on the steps of the supreme court this afternoon into google, trying to figure out if they crossed the line in their effort to crush their competition. the probe is start with a review on google as ad practices how consumer data feeds into their ad prominence. texas attorney general ken paxton leading the team says the faxes will lead where the facts will lead. >> that is what our investigation intends to uncover and reveal. whether google has played by the rules and act the fairly. there is a fine line sometimes betweening a agressive business practices and illegal ones. usually the line is very clear. again our investigation will determine whether google has crossed that

edward lawrence at the white house.eidre bolton is on the floor of the nyse. >> this attack on the saudi oil infrastructure, likely by the iranians. the houthis have claimed responsibility but a senator says that group lacks sophistication in order to carry out this mission. >> my hope is that the president will consult with his generals, his diplomats, advisors, will look hard at the intelligence. iran is one of the most dangerous state sponsors of terrorism. this may well be the thing that calls for military action against iran, if that's what the intelligence supports >> this could be the thing that calls for military action against iran. the u.s. releasing satellite photos that officials say suggest the attack came from the direction of iraq or iran. the iranians deny responsibility but the u.s. is still focusing on the country. >> i'm not looking at options right now. we want to find definitively who did this. we're dealing with saudi arabia. we're dealing with the crown prince and so many other of your neighbors a

edward lawrence is live in washington with the latest. edward. reporter: melissa, president trump saying china's economy will actually bring them to the table to finally have a deal with the united states. now the president again saying, that china's supply chains are fracturing. he said specifically jobs are moving to vietnam. he says there sun employment in the chinese manufacturing sector. now this is where, we're waiting for a phone call between the two trade delegations. they are supposed to have that call any day now. we expect the call to set up when the chinese trade team will come to the u.s. for the next round of trade talks. two senators just concluded a trip to beijing. senator steve daines, senator david perdue met with china's top negotiator, vice premier liu he. this is video of the meeting which happened yesterday in china. the president says that not only did he approve the trip, he wanted them to deliver a message. >> i knew about the meeting. i approved of the meeting. and all they did is say that we really have bipartisan supp

edward lawrence live on capitol hill with the latest on this.lking big tech, mergers and antitrust and whether the white house had any influence in antitrust investigations. the head of the justice department antitrust division said they had no contact with the white house over the antitrust investigations. the ftc said they created a anti-trust tack force. that task force is the one that built the case against facebook. they reported that five billion dollar record fine for misleading users over privacy. they confirm they're investigating facebook for antitrust violations. richard plume bloom says the agencies are not going far enough. >> i don't take issue with the fines but lack of structural change. you found in the course of your privacy investigation that in fact the company used its control over user data to sell advertising. that has antitrust implications, does it not, mr. simon? >> it's possible it could. >> but more than possible. it is what you should be investigating. reporter: the head of the antitrust division for the department o

edward lawrence live at the federal reserve. reporter: the federal reserve cuts benchmark rate a quarter of a percentage point. the federal funds rate is 1.75% to 2%. fed officials are not forecasting a rate cut this year, another rate cut this year. they're also not forecasting any rate cuts in 2020. they're seeing a rate hike in 2021. a very divided fed over the future path of rates. thee fed members have dissented on this. neil: james bullard, esther george and eric rosengren dissented. bullard wanted to see a 50 basis point cut. rosengren and george wanted to leave the rates where they were. seven officials see one more rate cut this year. they needed two more to have extra rate cut. five officials believe the federal fun rate should be at same rate. five would like to see the rate at level it was before this meeting today. now the federal reserve raises the gdp forecast to 2.2% this year. also see the unemployment rate nudging up to 3.7% by the end of the year. core inflation they do believe stays the sail at 1.8% by the en

edward lawrence was in the room during that q & a, joining us now from the federal reserve. gee, why did we have to -- aren't rate cuts supposed to be for difficult times and recessionary times? reporter: you know, these are fun times to be covering this federal reserve. you talked about 2020. quickly i want to go back to something you asked earlier about forecasting for the rate cuts in 2020. i have the famed dot plot with my notes on them right here. in this, it says they are basically one federal reserve vote away from a rate cut in 2020. so they are very close to that point where there could be one cut in 2020. at the moment the fed is not forecasting a rate cut in 2020. interesting, the federal reserve chairman basically said he didn't want to hold his firepower until an economic downturn pulls the economy down and then it's too late. very interesting. the fed is not forecasting another recession as you had said there. i talked about the uncertainty related to all of this. in fact, i was asking him about the trade uncertainty and that's one of the themes that went throu

edward lawrence at white house. thank you. melissa: hit bit oil price hike.acing a uphill climb from weak manufacturing and how this impacts trade negotiations coming up next. just another reminder of the value you'll find at fidelity. open an account today. of the value you'll find at fidelity. ♪ ♪ award winning interface. ♪ ♪ award winning design. ♪ ♪ award winning engine. ♪ ♪ the volvo xc90. our most awarded luxury suv. ♪ ♪ but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating sym

edward lawrence, michelle mckinnon and dave nagy. ward, your thoughts on no middle ground the president is laying out here. that tape is going to be there. we are going to keep going back to that because it's the strongest he's ever been on this issue. it's all or nothing. >> and consistent with the administration, u.s. trade representative robert lighthizer says he does not want a partial deal, he's working towards a full deal on this. they would like to see everything included in this. it's interesting, you say american companies are paying these tariffs. 437 of those companies now don't have to pay as many, that's the new items that have been excluded from this list. it's a large amount of items -- neil: christmas lights are now saved, patio torches are saved, skateboards. i know you're big into that. >> back in my younger days. electric trucks that are self-propelled electric trucks which is something amazon said they will go towards. that's also exempted now. some big items, it basically guts a lot of the tariffs that are in plac

for the latest including the president's reaction, we turn to edward lawrence in washington. >> president trump taking to quit twitter to respond to the announcement. the president and the series of tweets calling this a witch hunt by saying presidentialma harassment -- presidential harassment. he's shocked this process is starting. >> this is why they say it's good for the election. but you know what? it's bad for the country. how can you do this if you haven't seen the phone calls. >> reporter: the house speaker telling the american people the president violated the constitution because his administration ordered the acting director national intelligence to with hold whistleblower complaints from congress. >> i'm directing our six committees to proceed under that umbrella of impeachment inquiry. the president must be held accountable, no one is above the law. reporter: the republicans responded within the last hour. kevin mccarthy says democrats are playing a dangerous political game. >> this election is over. i realize 2016 did not turn out the wait speaker pelosi wanted it to happen.

with the latest now is edward lawrence. edward?> yeah, i can tell you, late this afternoon, the administration finalizing a rule that would stop states from setting their own vehicle emissions standards. the obama administration allowed california to set its own standards, where the president is, and last july four automakers signed a deal with -- signed an agreement with california to set tougher standards. well, today at the antitrust hearing on capitol hill, the head of the justice department antitrust division defended questions from senator amy klobuchar that there was no coordination with agencies about the timing of their announcement. also the department of justice requested documents related to the meeting between california and the carmakers to see if it rises to the level of antitrust violations. >> why would you be focusing resources on this? >> there's nothing wrong with these companies individually to announce, you know, higher emission standards if they wanted to. there may not be anything wrong with them agreeing wi

judiciary ki commie approving procedures and the impeachment investigation of the president again edward lawrenceith the latest from washington. reporter: house members back from recess and democrats start with impeachment today. the chairman of the house judiciary committee jerry nadler tried to explain why this is important right now, republicans on the committee almost besides themselves quoting tv shows. >> is like a seinfeld hearing, to hearing about nothing and whether or not we have people coming give testimony afterwards the president can write us a letter. reporter: with other deadlines like a government shutdown by october 1, republicans dear democrats to take this further. >> resolved that the house where the judiciary committee to conduct an inquiry into the impeachment of the president. it is that simple. i dare you to do it. i double dog dare you to do it. >> this is more smoke and mirrors seek and appease the far left on doing absolutely nothing about this issue. or is this so you can avoid talking about an agenda that includes standing airplanes, eliminating our borders, maybe oth

edward lawrence is at the white house with more. >> we'll start with what moved the market. is that announcement there will be face to face talks in early october between the two trade delegations. we had the much anticipated phone conversation. our chinese trade sources tell us the chinese feel like the call went very well. china got a consensus from the u.s. to work towards a mutual deal. >> i am sure you notice during the phone call between the two sides, the two sides admit we'll make efforts to provide better conditions for the next trade talk. >> there will be deputy level meetings to find a path forward so there will be progress at those meetings in october. also at the white house today, the head of general motors was talking with the president and held a private meeting. she has been under fire by the president since announcing closing a manufacturing plant in ohio. >> did you talk about this comment -- reporter: the white house very tight lipped about what happened in that meeting. the unions going after barra because the union is in contract talks. an hour ago vic

liz: edward lawrence with the update. reporter: after a meeting with the number two person in the chinese government, the chinese premiere said he believes we have the wisdom to find a solution acceptable to both the u.s. and china for a trade deal. china also back off tariffs on 16 u.s. imports that china can't make or get from other trading partners. president trump sees this as a gesture by the chinese. he goes on to say the tariffs pressure is working. president trump: the supply chain with china was a powerful unbreakable power they had is breaking up. companies are moving out. china wants to make a deal. we'll see what happens. we have to make the right deal for this country. reporter: former national securitsecurity advisor john bon clashed with others in the administration. they believe they will be able to reach a deal without bolton inned administration. the goal to get the flavored e-cigarette product off the shelf. and they will have to have fda approval by may of next year. they have seen a spike in e-cigaret

our own edward lawrence with the story.eporter: for the president himself it's throwing a term the democrats have used back at them. saying this is a manufactured crisis. he says he believes this is calculated by house speaker nancy pelosi to coincide with the u.n. general assembly to take away from the work the president is doing. president trump: it's sad what the democrats are doing to this country. they are dividing. they are belittling, they are demeaning our country. reporter: the president sat there next to the ukrainian president. the two were asked if the call on july 25 amounted to pressure to start an investigation into the former vice president's son be straight from the source, here is the answer. >> we have i think good phone call. it was normal. we talk about many things. and so i think and you read it, nobody pushed me. reporter: nobody pushed me, nobody pressured him. democrats won't let this go. senator chuck schumer says the mere text of the call is the smoking gun. nancy pelosi wants more documents. she

let's go to edward lawrence on the china trade talks. >> the central bank of china is going to limit or reduce the amount of reserves a bank has to hold to get more learning happening in the country. we learned some of what the two trade teams talked about there they will discuss agreeing making a tiewrl bias from u.s. farmers. china would also discuss outlining a plan for forced joint ventures. china one crease the number of wholly owned enterprises in their country. also the u.s. would possibly remove china from a list of currency manipulators. jerome powell says china's central bank has a seat at the table in the trade talks. >> we are not in the room on trade discussions. we are not and i advisor to the government in any way. that's not the case for the chinese central bank. they are part of that conversation in china. we don't see that part of the world. reporter: powell goes on to hint he will support a rate cut. >> we would never comments on trade policy. it's not a responsibility of the fed. but i think it is the case that uncertainty around trade policy is causing some compa

elizabeth: edward lawrence thank you so much. >> thank you. elizabeth: this is about shaping public opinion. question is, are voters sick of democrats and media calling for trump's impeachment from even before tru trump was elected? do democrats like schiff destroy is their credibility by saying verdict first and trial later. is it a sign of weakness that nancy pelosi did not have a vote on the house floor to open an prime minister in-- impeachment inquiry. the democrats are underwater with less policies enacted into law than prior congress. , robert your take on everything that you heard going on. >> there is a lot going on. you know the democrats they smelled something in the air, as you say, they have been calls to oust this president before he was even inaugurated, i think they have him now on something. there has been no investigation so far, the impeachment inquiry was announced before the transcript was even released or complaint by the whistleblower was released. yet they say, these are grounds for impeachment. the mueller report was a

cheryl: edward lawrence has the latest from washington. orning. >> reporter: good morning, lauren and cheryl. senators talking big tech but also mergers that have been approved as well as if the white house influenced any investigations and the answer from the justice department head of anti-trust is they've had no contact with the white house on their anti-trust investigations. the ftc chairman says his agency formed an anti-trust task force that is focusing on the big tech firms. he says that task force is the one that built the case leading to the record $5 billion fine against facebook for misleading users over privacy. he confirms they are still investigating facebook for anti-trust. senator richard blumenthal pushing back that a agencies have not gone far enough. >> i take issue not so much with the size of the fine, the lack of structural change and you found in the course of your privacy investigation that in fact the company used its control over user data to sell advertising. that has anti-trust implications, does it not, mr. simo

edward lawrence has the latest. edward, what is the president saying about the link between tariffs which we know corporations and citizens pay, and farmers? reporter: the president saying he is going to make the farmers whole basically. he put out $28 million, billion dollars over the past two years to help farmers become whole. the president very clear that china's economic slowdown will be what draws them to the table to make a trade deal. the president also very clear that he approved the visit to beijing by two u.s. senators. that trip is now concluded. now senator steve daines from montana and senator david perdue from georgia made the trip to beijing. they will brief the president when they get back. they met with china's top negotiator liu he. president wants to make sure that the china hears that us is speaking to with one voice when it comes to a trade deal. >> they are having a supply chain that is absolutely fractured an broken which is very bad for them. they have lost 3 million jobs. the jobs are moving

cheryl: edward lawrence has all the details for us from washington. good morning. >> reporter: good morning, lauren and cheryl. the democrats take the house judiciary committee down the road of impeachment. the vote sets the rules for the process going forward that include allowing staff to interview witnesses. it also treats some comments and evidence as confidential and allows president trump to respond to the investigation in writing. >> the investigation will go well beyond the four corners of the mueller report. it will be starting with a first hearing on september 17th. we'll be expecting among others mr. lewandoski to testify. >> reporter: republicans did not hold back. >> the committee has become a giant instagram filter, to make you appear something that's happening that's not. >> i called it impeachment in drag, we dressed up impeachment like an oversight hearing. >> will the gentleman yield so he can answer the question. >> yes, we are engaged in impeachment investigation, we are moved aggressively forward on the for the people agenda, about

edward lawrence, is live at the white house with more. edward?eporter: we're seeing china make goodwill gestures of them own, to the tariff he is expecting china to buy a large amount of agriculture from the u.s. farmers. we can confirm from the department of agriculture today there was a significant purchase of soybeans. they are confirming that today. china trying to meet demand for soybeans going forward. they have been trying to do it with trade deals, and chile, russia. they have not been able to do that. soybeans in the u.s. are piling up as they are looking for buyers there. so it's a win-win situation there. china also dealing with a swine fever situation that is killing pigs in china. so they might, adding pork to the tariff exemption list might be a good will guess sure but also something china needs. on the interim trade deal, it is important to hear exactly what president trump said on the sub second yesterday. here it. >> i would rather get the whole deal done. we've taken in many, many billions of dollars of tariffs. i would rather

edward lawrence has been sorting all of this out in washington. he has the latest. hey, edward.eporter: neil, the democrats are headed down the road to impeachment although house speaker nancy pelosi shut down the question, she will not respond anymore to this, but the house judiciary committee voted to go forward, to set the ground rules for a formal inquiry. republicans pushes back on the committee. democrat jerry nadler says the president can respond if he wants in writing. listen to both sides. >> under these procedures, when we have finished these hearings, considered as much evidence as we're able to gather, we will then decide whether to refer articles of impeachment to the house floor. >> the judiciary committee has become a giant instagram filter, to make you appear that something that's happening that's not. reporter: democrats are divided. the vote today satisfies impeachment-hung bring base but moderate democrats worry this is going too far. representative donna shalala says, this is sucking the air out of the room of good stuff we're doing. they do have some things

let me get to edward lawrence, the real expert, live outside the white house with the latest. edward, michael pillsbury saying these tariffs if the president doesn't get what he wants could go to 100%? >> yeah, 100% i don't think is realistic. the president has talked about increasing the tariffs, and that's something that is going to happen on october 15th. i will tell you that rolling back that increase from october 1st to october 15th is the 25% going to 30 created a good atmosphere according to the chinese trade delegation that's here in town right now. our chinese trade sources say that that atmosphere is how they started this goodwill gesture, how they started these talks today. now white house economic advisor larry kudlow does believe that this will -- our economy is what will carry the u.s. through. and he is optimistic we can go back to the deal that we almost had last may. >> we thought we were pretty close. they pulled back. that was a great disappointment. the president then took some tougher actions, and since then, the president has not been satisfied with the pr

that is where we'll find edward lawrence live with the story. edward?ators here tackling the issue of antitrust. they're talking to antitrust regulators, the people watching and fining these big tech firms when they make a mistake. on the witness list ftc chairman, joseph simmons. he is there, will answer questions how big is too big in his mind related to this. how his agency is going after abuses by big tech companies. the ftc levied a record fine on facebook of $5 billion, that the company deceived users when sharing data. the head of the department of justice antitrust division will be on the witness stand today. three of senators on this committee vying for the democratic nomination for president. likely to be a lively debate. talking about privacy issues related to that. in an exclusive interview with apple coo he talks about privacy issues and how apple cherishes those. listen. >> we believe privacy a fundamental human right and we develop all of our products and services with that in mind. the reality is the data on you belongs to you, and you s

cheryl: edward lawrence has the latest developments on these trade talks, fast-moving stuff out of washingtonning. >> reporter: good morning. talks between the u.s. and china went well enough that the next face-to-face meeting still on. treasury secretary steven mnuchin says the chinese trade team will be in washington next week for primary level talks. >> we had deputy level talks last week and we made a little bit of progress on that front and we look forward to meeting with the vice premier. >> reporter: that puts the 13th round of face-to-face talks less than three weeks from the deputy level meetings. the tones has remained the same for both sides. the u.s. trade p representatives saying the deputy level talks were productive. a perso spokesperson said the to sides held specific discussions about arrangements for the next round of talks in october. they agreed to continue to communicate. mark warner saying confronting china is the foreign policy challenge of our time. he thinks on trade president trump should have aligned our partners and then taken on china as a united front. >> acting

for the very latest on this story, edward lawrence is at the white house. ed?t, blunt and abrasive and those