jackie deangelis at new york stock exchange and phil flynn at the cme. we begin with edward at the white house? reporter: ashley, bad news upon bad news when it comes to a trade deal with china. chinese commerce spokesperson confirming that china will no longer buy u.s. agriculture going forward until further notice. the chinese spokesperson saying that china is looking at rolling back the roll back of tariffs they were planning on suspending tariffs of u.s. agriculture coming into china there. they're now looking at suspending the suspension of that. now private firms are also following suit. they're also not buying u.s. agriculture in china. a spokesperson going on to say that the market, this affected the market later in the session. earlier in the session, here is what affected the market. the day started off with reports of chinese currency falling below seven to one mark against the dollar. the currency fall would set off additional 10% tariffs or offset the tariffs on what the rest of china imports into the united states starting september 1st if

let's get back to jackie deangelis with the numbers. jackie. reporter: ashley, it was mixed here. cents a share. that was four cents better than the 3-cent estimate. revenues 2.47 billion. the estimate was 2.55 billion. still revenues roughly down 5% year over year. another headline just crossing, that i want to review with you, "wall street journal" subscribers a record, 2.6 million subscribers, guys. back over to you. ashley: jackie, thank you very much. melissa: targeting local hospitals. robocallers expanding their pesky scams beyond personal cell phones. why critics warn the escalating calls could put our national security at risk. >>> plus an out of this world pledge. bernie sanders vows on, the vow he took on the 2020 stage. ♪ ♪♪ ♪♪ ♪♪ dprevagen is the number onemild memopharmacist-recommendedng? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. we all feel, we all love, we all cry. it's part of being human. sonoma county declared a homeless emergency in 2018. you have to know the individuals you're serv

the fox business network's jackie deangelis in manhattan. >> good afternoon, shep.he dow jones is off its session lows. down 855 points at the moment. the dow, the s&p, the nasdaq, they're all on track for their worst day of the year. in the dow were to close at session lows, would see their third largest sell-off in history. so what happened today? you and i discussed this last week after the tariffs were imposed by president trump. the question is what will china do to strike back. so they chose to devalue its currency. so if you're not a student of the market, i'll explain what that means. it means that china boosts their own experts by weakening its currency and the dollar strengthens and the value of u.s. exports is more expensive. so you can see how china is trying to offset the tariffs for itself and make the playing field a little bit harder for u.s. companies and that's why this sell-off is happening today. that's what traders are worried about. they're worried this trade war that has gone on for months now is going to have an impact on the revenues and pro

connell mcshane, jackie deangelis pick it up on "after the bell." jackie: investors suge off.g in positive territory. i'm jackie deangelis in for melissa francis. connell: i'm connell mcshane, very nice close for the markets. here is what is new at this hour making the cut, tonight the deadline for the 2020 democratic contenders to qualify for the

i want to go back to jackie deangelis on the floor of the exchange.tarted to turn, i have to be honest, i was salivating especially a lot of names were higher. a lot of big tech names were higher even at the worst points of this session. what about on the floor? is there any sort of thinking, hey, this is when you start to accumulate stocks? >> there are definitely traders out there saying it is time to get into certain names, they have been beaten down and they're taking advantage of that opportunity. if you look at the dow heat map, you can see we were all in the red when we were down 600 points. now the market climbed its way all the way back. traders say the dow may climb into the green and close that way. this is a expected of a bumpy ride in august. without any answers with respect to china right now, everybody is sort of repositioning, trying to figure out where exactly they stand, charles. that is the nail of the game and it is tough to do. charles: it's tough to do. the buyers emerged on weakness that is a good sign. >> absolutely. charles: j

jackie deangelis on floor of new york stock exchange. jackie. reporter: melissa, red across the board and also for the week for those three major indices. obviously china trade issues had this market very jittery all week. back and forth it was very volatile, not typical in terms of the kind of august action we usually see. having said that it rippled across all sectors, it had an impact, especially areas like big technology. they do business in china. but also in the industrial names, retail names as well. in terms of the dow and big losers we saw caterpillar and intel, they had a rough time this week as well as ibm. back over to. >> jackie, thank you. oil closing up more than 3% but down nearly 7% so far this month. let's go to phil flynn with all the details. phil. reporter: the bear market might not be around very much longer the way the market is coming back. part of reason we saw a big comeback today the fact that saudi arabia is sending signals, not only will they cut production to customers next month, they're getting ready to lawn of ip

let's bring in jackie deangelis who has the details for us. k our guests were saying they want to talk right away, let's add more riders and quarterly revenue beat estimates. if you look at the loss there, that is not good. go ahead. reporter: it was not good at all. the expectation was for a loss of $1.58. substantially less than that. on revenue side looks better, 867 million versus 809 million. uber will report as well. this is all about getting into the black here, getting profitable. that is not a great showing by lyft in terms of that. people will look for daily active riders to see if they're increasing and average revenue per ride to be increasing melissa as well. melissa: thank you for that. jordan and todd are back to react. ashley if you want to pipe in and -- ashley: looking to jackie's point, the average per rider revenue was almost 40 bucks, 38.77. that seems quite high to me. melissa: it's a really big number and deeply suspicious. as someone who toggles back and forth between uber and lyft, every time i do that, you get a coupon

connell mcshane, jackie deangelis pick it up on "after the bell." jackie: investors suge off.ech-heavy nasdaq and ending in positive territory. i'm jackie deangelis in for melissa francis. connell: i'm connell mcshane, very nice close for the markets. here is what is new at this hour making the cut, tonight the deadline for the 2020 democratic contenders to qualify for the third debate. the latest on which presidential hopefuls will make it on to that stage. plus holding companies accountable for the opioid crisis. the newest move from a pharmaceutical giant to settle. thousands of lawsuits that claimed it started and helped to fuel what is still a growing epidemic. dorian strengthening into a hurricane, set to slam into the puerto rico. latest on the storm's path, likely to hit the u.s. jackie: fox business team coverageed edward lawrence at white house. phil flynn watching action in oil and gold from cme. first to edward. reporter: you her a first here, within the last 20 minutes or so, u.s. citizen immigration service releasing new rules saying kids born to u.s. citizens ou

jackie deangelis keeping track of it all. jackie? >> the market did finish higher but it was a wild volatile week on wall street with all-three indiceses finishing the week lower. walmart set out theirenings. they're a bellwether and also has exposure to china. fresh data points today to consider as we move forward. the university of michigan consumer sentiment report was under expectations. it was the lowest reading of the year. on the housing front, the 30-year fixed rate averaged 3.6%. that was for the week. mortgage demand is at a three-year high. on china, new announcements of stimulus. the sentiment eating today as investors are hopeful that the president will speak to xi jinping soon. he told reporters he would yesterday. >> thank you very much, jackie. a wild ride. the question is where do we go from here. with me to discuss, alan nuckman and john and tammy. we almost closed with high. it's rare on a summer sunday after this kind of volatility. what you think investors are looking for? >> i still believe optimism wins. what w

let us get the read right now from jackie deangelis on the latest what's moving and to the point, what is not at the corner of wall and broad. jackie: good afternoon, neil. the point you just hit on is what the markets are so worried about, this back-and-forth and the fact that august could see more volatility as a result of china and trade than anybody was expecting. you can see the market now, new session lows. 746 points is the selloff we are seeing on the dow. certainly a brutal day for technology here. take a look at apple, amazon, facebook, google, microsoft. they are all lower across the board. remember, these were the stocks that took us all up on the way up. semiconductors are getting hit as well, because these companies are ones that have china exposure. it's not just about unresolved trade issues. it's about tariff and currency fluctuations that are going to impact these businesses. another sector swimming in losses today, retail, which makes a lot of sense. these are companies that have exposure to china through manufacturing and also sales there. names like kohl's, macy's,

to jackie deangelis on i guess which side the analysts are leaning toward. it's mixed right now. you've got some bulls on the street and you've got bears on the street when it comes to ge, but those shares as you said are rebounding today, after that sharp 11% drop yesterday, which was jarring for the market. that was actually the biggest drop in 11 years for ge stock. on claims that there's massive accounting fraud and that ge might be filing for chapter 11 bankruptcy soon. so in response to those allegations, ceo larry culp, he bought nearly $2 million of shares yesterday and he sent this in a statement. quote, he wrote a 170-page paper but never talked to company officials goes to show that he's not interested in accurate financial analysis but solely in generating downward volatility in ge's stock so that he and his undisclosed hedge fund partner can personally profit, end quote. an anonymous hedge fund commissioned markopolos to research and publish that report. he's not revealed the name of that fund, just saying it's a midsized u.s.-based hedge fund. a

jackie deangelis on the floor at the new york stock exchange, and phil flynn watching oil and gold at the cme but with the tariff news, edward, we start with you. reporter: u.s. trade representative robert lighthizer announcing today they will delay some tariffs until december 15th, on some items based on health, security, and national security. they also, those items are on a list of 21 pages right here. yes, it does include underpants in those items. one of the big once, cell phones, laptop computers, toys and clothing, including footwear. all of those tariffs delayed until after the holiday season basically for buying. the tariffs are not going away, just delayed on other select items. another 122 page list shows will be under tariff that will happen on september 1st. that list includes a lot of items as you see scrolling on the screen there. this comes after a phone call between the two trade delegations this morning. in that call the chinese say that they offered stern representations against the tariffs that they are facing here. president donald trump says he is frustrated, he

jackie: jackie deangelis with today's fox business brief.cky few a preview of its credit card. it is beginning a soft launch today to a randomly selected group of customers with a wide release coming to all iphone owners later this month. shares of apple trading higher by almost 2%. >>> the dairy giant reporting a much wider than expected loss in the second quarter, missing bottom line estimates for a fourth straight quarter. weakness in the conventional milk category as buyers shift to alternatives also leading to quarterly sales misses. shares of dean trading lower by 33% today. >>> severe weather creating storm clouds. delays in the spring farming season hampering the fertilizer giant's full year forecast, the china trade war and pressure from cutbacks in its phosphate segment weighing on sales. it is falling to a new annual low, currently almost 7% lower. >>> up next, the king of content versus the king of the box office. netflix launching [ inaudible ] ahead of disney's streaming incursion but who will reign supreme? "the claman countdo

i'm jackie deangelis in for liz claman today. less than an hour to the closing bell, let's go ahead and start "the claman countdown." jackie: breaking news. boeing shares all over the place as the federal aviation administration says a panel reviewing the aircraft maker's 737 max certification is quote, taking additional time to finish documenting its work and it will submit findings in the coming weeks ahead. this news adding more uncertainty to when the 737 will return to service after being grounded following two fatal air crashes. >>> checking on the markets right now, stocks are trading rather flat ahead of the labor day weekend. we were trading in positive territory, but the dow giving up those gains, down 24 points right now, the s&p down six, the nasdaq down 41. for the month, the nasdaq is the worst performer in august, followed by the s&p 500 and the dow. even worse are the little guys. the russell 2000 and the dow transports, both down 5%. but the volatility index, the vix, faring a little better in august. >>> quick ch

it's jackie deangelis. i'm wondering if you think it's realistic that the president over the weekend will remove the tariffs from china, as it's expecting or hoping so negotiations can go forward. when i look at how he's negotiated, i don't necessarily see that happening. >> no, i don't think it's going to. i think the markets are probably going to react on monday accordingly. i think that in fact, the administration is quite likely to go ahead to if nothing else demonstrate that we are serious on the issue of intellectual property and making the chinese, by the agreements they themselves have already signed up for. you know, they have agreed under wto and elsewhere to abide by i.p., to respect intellectual property. so this isn't a new demand. this is asking them to abide by the rules they have already signed up for. >> jonathan hoenig. thank you for being with us. still no indication they are going to abide by those rules. you have to admit, i hope you admit there has been some casualties to american comp

our very own jackie deangelis on floor of new york stock exchange. e has latest on how traders are reacting. jackie. reporter: good afternoon, charles. you can see market reaction is not great. 738 point down on the dow. we are off the session lows we saw before 2:00. what i am hearing on the floor, the concern, back and forth, tit-for-tat. we had had earnings come out. nobody really said, no company said they saw huge problems in china or that they were necessarily paying more or having difficulties but this is where you start to potentially see that happen. that is what people are really worried about going forward. china made a bold move, pressuring, devaluing the currency today, to basically, as president trump said, try to, that their currency manipulator. making u.s. goods more expensive in the marketplace. that can have a chilling effect on sales. you have a little bit of a double-whammy, when you're looking not only happening with the china piece of this, that frightens people. they're headed into the bond market, into the 10-year yield. inter

connell: jackie deangelis at nyse. half a day of trade optimism for the markets but certainly months of uncertainty for businesses. moody's managing director is here with how companies plan for the future of the environment. good to see you, ann. >> thanks for having me. connell: what we talk about more than anything else, what ceos tell us, analysts tell us, we don't know what's next so -- >> right. the market is giving as you lot of different signals in reaction to policy statements. it is hard to know what to make of all that. it creates a the love uncertainty for businesses, starting to come through in some of the numbers, industrial side, manufacturing numbers are a little bit lower. factory orders a little lower. market trying to absorb a shift in sentiment, a trade war is behind a lot of that. connell: sometimes you're uncertain you stay on your hands. i don't know what to invest. depends on your political point of view, everything depends on that you can talk yourself into a recession or can the president tweet

joining me now with reaction from the the floor of the new york stock exchange is jackie deangelis. you have these countervailing forces, right? sigh of relief on tariffs but these horrible images from hong kong. >> it's a love-hate relationship with headlines coming from china and u.s. on trade. these reactions are very strange. these bumps we're getting, 440 points on the dow, coming to the fact the u.s. will delay imposition of the tariffs until december 15th, certain clothes, cell phones, computers, toys, that kind of thing and the market is breathing a sigh of relief. we had news that lighthizer and mnuchin will talk to the chinese in two weeks. progress is being made. u.s. giving concessions so it can try to make a deal. that is the interpretation of traders on the floor here. look at the 10-year note. because as investors went into stocks today, they sold bonds. you can see that the yield is rising slightly there, 1.69%. meantime leaders on the dow, they cover a broad range of sectors. tech got hit very hard. it will be protected by the new tariff restrictions it seems. apple

let's get to jackie deangelis at the big board. reporter: lots of headlines shake things up on china trade progress. the president coming out of g-7 saying china does want to make a deal. there was a statement from china saying it wants a peaceful resolution. this is what the market wanted to hear. it's wait has been waiting for. it did cause a little calm today. the dow was trading up at the close. of course, it was a volatile weak with the announcement from the president that he would increase tariffs on china that were already announced. but it looks like some progress has been made even thought it was a tough back and forth. they are hoping the deal will be done in the next few weeks and markets will be watching closely. liz: next up, retired general jack keane on president trump saying he is open to president macron's proposed meeting with iran. later the liberal media doing the heavy lift for the 2020 democrats, now pushing the narrative that president trump inherited and is wrecking obama's healthy economy. that story coming

jackie deangelis at new york stock exchange with some of the latest news. jackie. reporter: neil, it has been a rocky august to say the least but the sound bite in edward's point regarding china, coming straight from the horse's mouth, if you will, a deal is not imminent. you saw stocks moving down to session lows. the dow trading 227 points lower. traders told us since monday, expect a volatile week, expect a volatile month as this whole thing gets hashed out. look at the 10-year note though. that caused a lot of volatility this week as well. you can see that we're seeing stabilization in the 10-year. that is helping things out a little bit. finally, take a look at the vix as well. the vix is sort of a fear gauge, a gauge of volatility, if you will. we did see a little bit after speak in the vix now trading at 19 and change. so a 12% spike up just today leaves people wondering how much longer is this going to take and how long will it go on? it was a rough week for the dow but you did have some winners mixed in there. we're looking at mcdonald's, coca-cola and dow

i want to ask spencer brown with the fox business network, jackie deangelis and spencer critcheley. nt between want and need. maybe it would make a strong economy stronger. >> that's right. i think the president is taking a wait and see approach here to see specifically what happens with these trade negotiations with china. you saw the market had a very strong reaction today to retaliation. we're not exactly sure where this is going to end. so potentially holding on to a tax cut, which by the way would need congressional approval. it's something that could stimulate the economy down the line if things don't go his way. i want to make one point. the administration can have their own strategy. they can have the conversations. it's making the conversations public that makes the market get excited about it or disappointed when it doesn't happen. that is part of the problem. >> charles: no doubt about that. spencer, jackie talked about congressional approval. would democrats go against the middle class getting a payroll tax cut, the same one similar to what obama did twice? >> tax cuts ca

i want to head down to the new york stock exchange to our own jackie deangelis what ask going on the oor. jackie. reporter: one heck of a week indeed, charles payne. i lived it. we have a little bit of a relief rally on our hands. the dow is up 295 points. it is just off the session highs. there is strong momentum to the upside. a strong combination of positive earnings. lyft after the bell, yesterday, high hopes for uber after the bell today. also the fact that investors, traders alike are looking at the market, saying are there buying opportunities? something has been beaten down a lot t could be a good time to pick some up. meantime i want to talk about the 10-year yield. stabilization with respect to the 10-year certainly helped this market out. it is trading 1.75 right there. it is up about seven basis points. add to the fact that chinese imports for the month of july were up. so china stablizing somewhat alongside with its currency. you don't have any headlines that will cause massive market gyrations. meantime i mentioned uber earnings. taking a look at that. we are expecting a

neil: thank you as always, jackie deangelis. how you doing? let's go to charlie gasparino on this.chiore and gary kaltbaum. where is gary? florida? there he is. >> florida. neil: all right. gary, let me get your thoughts on the trade thing and how it could disrupt maybe what is otherwise a good economy, good earnings. what do you think? >> let me start by saying since the change of stance yesterday, apple's stock is down $65 billion of market cap. so what's $65 billion of wealth, that's just one name. therein lies the worry. look what markets are doing. they are very smart, they are reacting to something and my biggest worry is the continued change of stance. how can business prepare when one week there's a tariff, the next week there isn't, the week after there is. you are talking about thousands of businesses on thousands of products that have to prepare on supply and demand and profits and losses and manpower and they can't. that is a worrisome sign. neil: jillian, the argument here seems to be it can spook people, too. if in doubt, just check out. don't be part of these markets

jackie deangelis has been following all of this. jackie, what do you have?eporter: neil the market is up 202 points. i think you're right, earnings is driving momentum. let's say in the absence of any other china headlines that could move things around. you're right, lyft was a pretty good quarter. a beat on the top and bottom line. the company adjusted earnings per share was a loss of 68 cents. that was a smaller loss than expected. revenues, 867 million higher as well. the company says it is taking big steps towards profitability. raised sale guidance. ridership was up 40%. the shares were down 15% from the march ipo price. it is having a nice day. uber, the competitor is reporting after the bell. looking for loss of $3.23 on 3.9 billion in revenues. we're looking at the two companies in comparison to each other. there is pricing war between them, a fare war. lyft is saying pricing increases can help it with sales guidance that it gave you in terms of its revenue. finally want to hit on roku, it is having a banner day. a loss of eight cents on 250 million

jackie deangelis live from the new york stock exchange to break it down. il. 216 points to the downside is not so bad, compared to where we were earlier. obviously investors looking at what happens in the bond market, little bit of a flight to safety. the yield dropping on the ten-year note. i'm thinking maybe they should readjust a little. maybe the bond market knows something that investors don't know. you can see that yield now, 1.66%. it's actually the lowest we have seen since october 2015. as you mentioned, disney with earnings, we will be watching for earnings after the bell for lyft this afternoon. it's the second quarter report. expecting revenue of $809 million and earnings per share, remember it's a loss, of $1.58. traders are also going to be looking for daily active riders. the anticipated number is 21.86 million. also average revenue per rider, important here. they expect that to be up about 20%, 38.81 so almost 40 bucks per person. uber earnings, that's the competition for lyft and it's the more premier name, if you will, will be tomorrow. we

jackie deangelis with the latest wrinkle in all of this. what is going on? feel it may not be enough in terms of a deal that was proposed. you have some state attorney generals they want more money from the sack letters themselves. i will walk you through the breakdown. they don't like the settlement relies on future opioid sales, right? the deal as it stands is roughly $12 billion. the company would filed for bankruptcy. purdue. it would be a public benefit corporation run by trustees. the sackler family would cede their ownership. they pay $3 billion in contribution to the 12 billion. neil: the family alone? >> family alone. they are very wealthy. but they would sell a second company that sells opioids abroad. purdue has not responded to this. neither have the sacklers themselves. the question, where do we go from here? there is a judge from cleveland overseeing the federal claims. he doesn't have jurisdiction over the state claims. he is trying to put a global solution together to deal with everything that is out there. they have until today to get update

. >> shepard: jackie deangelis. will watch the markets in the final hour. thank you. from an ar-15 rifle can do a lot more damage than one from a handgun. it can shred muscles and shatter bones and turn organs into pulp. these days medical advances learned on the battlefield, on the field of war, can save people who once might have died of those wounds. in some cases, people who survive mass shootings suffer from physical complications for the rest of their lives. coming up, we will hear from a military surgeon who's been working on victims from the shooting. but first, we continue to remember those who died at the el paso walmart when police say the gunman, fueled by hate for immigrants, open fire. among the dead, ate mexican nationals. including elsa mendoza, a teacher and school principal who lived and worked across the border. local media reports she was in el paso visiting family and that her husband and son stayed in the car while she went into the walmart to buy a few things. 77-year-old juan velazquez, gunned down in the parking lot. his daughter says he has 1

jackie deangelis is at the new york stock exchange, what she's hearing and what they are buying and/orling. jackie: the bad news you mentioned, which is the fact that a trade deal isn't right around the corner, is what the market seems to be focusing on right now. after a day where we saw a session low more than 900 points lower on the dow, we are looking at a dow that's up 86 points right now. hardly a recovery by any sense of the word. overnight, the chinese central bank trying to stabilize the currency a little bit, adding some calmness, if you will, back to the market which is why we're not down again today. traders here are really worried that it's going to continue to be volatile and what the strike back from the u.s. will be if there is any before those trade talks resume in september. it's uncertainty, it's not knowing, it's wondering how you should be positioned right now and movement around a bunch of different asset classes. now, people are also wondering, the good news, will we get those rate cuts. 100% probability we would get one at least according to the market in septem

we have aaron gibbs with us and jackie deangelis who had a front row seat to this. can say cooler heads prevailed but it was a bumpy ride. >> it was bumpy. choppy as you put it. volatile is a word that was used on the floor today. the dow ended up down 90 points. it rebounded off the lows. we were negative for the week. this market was difficult to navigate. there were traders that said today, look, the president didn't say anything that we didn't already know. he said we don't have a deal or we're not close to a deal with china. we knew that. that's why we saw this turbulence this week. like jerome powell who is criticized for holding the press conferences and confusing people, the president was criticized on the floor today for making the comments and just holding it in the face of investors. sort of reiterating the fact that china is still a problem. >> neil: i'm beginning to get a sneaky suspicion that we're not going to get a china deal any time soon. we might not get it before the election. then what? >> in some ways it would be easier. we would understand how

jackie deangelis has been piecing things together and has the latest. what are you hearing? reporter: they searched the home of united auto workers home gary jones, and search ad conference center used by union leaders. that is happening as we speak according to a fbi spokeswoman. the fbi says there are multiple locations, other multiple locations being searched as well. of course the backdrop to this, this is widening of multiyear investigation into alleged corruption in the uaw top ranks. there have been charges in these cases against nine people, but of course, prosecutors have alleged here, that there have been bribes, kickbacks, financial first appropriation among the union firms as they dealt with car companies through the bargaining process over the years. the uaw could not be reached for comment. plant workers are responding and reacting to the news. they're surprised by it. one plant member, uaw member, sean crawford is worried that it could potentially negatively impact the bargaining going forward. he wishes they would clean house of those suspected this and move

jackie deangelis joins me now with more on this breaking story.us more about his life. >> good afternoon, julie. a little about david koch. he retired as the executive vice president of coke industry in 2018. he's worth more than $50 billion. he was diagnosed with advanced prostate cancer 27 years ago. he managed to keep that cancer at bay. he was a philanthropist. he donated more than $1.3 billion to charity. while he was on liberal on same sex marriage and abortion, he helped shape american politics giving countless dollars to conservative causes. in 1980, he was the libertarian party's vice presidential candidate. charles koch, his brother's, koch chair and ceo said this -- >> mr. koch leaves behind his wife, julia and three children. this is his wife's statement. julie? >> thanks very much. and thank you at home for joining us today. a lot of breaking news. we want to leave you with a lack at the dow. we've been talking about china tariffs affecting wall street. the dow consistent has remained down around 500. down 540 right now. and justice g

i'm jackie deangelis in for melissa francis. connell: i'm connell mcshane

jackie deangelis is here with us. wow!, we've seen this before.is one of the most powerful unions in the country and there is a lot of confidence being lost. what we saw yesterday the fbi was in six locations in four different states. michigan, wisconsin, california, missouri. in michigan they were at home of the president, gary jones, suburban detroit. in california the home of the former president dennis williams. no arrests happened yesterday. this has been as you said an ongoing probe. we know nine people were charged, eight convicted including eight fiat chrysler workers. this is bribes, kickbacks, using dues for inappropriate expenses improper ways. the contract being negotiated, why the workers are so concerned, in mid-september their new four year contracts come up and, this is sort of a turning point. now you have got the president in hot water as we said, not arrested yesterday, but certainly not in a good position. charles: one of these things where, the tide has turned dramatically in this country against unions. then you have a suprem

jackie deangelis with more. >> david koch retired as the vice president of koch industries.as $50 billion. he was a husband, a father of three. his wife said this about him. >> david koch was also a philanthropist. he donated more than $1.3 billion to charity. while he shaped american politics by giving countless dollars to conservative causes and even a libertarian party's vice presidential candidate in 1980, he was liberal on same sex marriage and abortion. charles koch said -- >> david and his brother, charles, were popularly known as the kochapus for supporting conservative causes. trace? >> trace: thanks, jackie. an 8-year-old boy in the hospital after getting attacked by a mountain lion in colorado. his dad heard what was happening and ran outside and scared the big cat away. >> i did what a father would do run out, protect his son knowing that he was in trouble. >> trace: wildlife officials say his brother and he were playing in their back yard. the boy was running to his friend's house when the mountain lion pounced biting him on the head. >> a mountain lion did what

jackie deangelis in for liz claman. i got a feeling it's going to be a wild final hour of trading. rles. oil and stocks getting clouded over this hour as hurricane dorian slowly marches its way toward the u.s. mainland. the monster storm moving at ten miles an hour, currently gaining strength. now officially a category 3 storm, packing winds of 115 miles an hour. it is projected to make landfall in florida monday as an even stronger category 4 hurricane. >>> meantime, dorian's slow churn putting it on par to cause as much damage as 1992's hurricane andrew, 2017's hurricane irma which cost the sunshine state $75 billion combined. the potential

jackie deangelis on the floor of the new york stock exchange and grade did -- grady trimble watcg the oil and gold from the cme. edward, what is going on? reporter: labeling china a currency manipulator trigger ad process to allow the international monetary fund to mediate negotiations. these negotiations over currency though of the treasury department working on a report hassing suggestion for china to get off the list. in that report will be a few suggestions already that the u.s. would like to see the trade imbalance between china and the united states come more in line. they would like to be, see china more transparent on their exchange, how the currency exchange actually works. as well as china's reserve management operations. they want to see more transparency there. the central bank of china says they do not manipulate the currency although today the yuan stablized against the dollar. the administration is saying this is more than just about currency. >> decades of chinese misbehavior, decades of china not living up to its commitment, fundamentally stealing our intellectual pro

let's go to jackie deangelis on the floor of the new york stock exchange with today's fox business briefgood afternoon, ashley. kfc saying yum to beyond meat. the fast food giant cooking up a chickenless version of its nuggets set to debut tomorrow at one of the chain's atlanta restaurants, beating rival popeyes and chick-fil-a to the vegan punch. beyond meat racking up its sixth quick serve partner after making deals with five other major brands in recent months, including subway. restaurant brands tim horton's. yum trading a little higher today, up about 1.5%. >>> also, set for a major debut tomorrow, starbucks brewing up its first pumpkin flavored drink since the introduction of the coffee behemoth's popular pumpkin spiced latte in 2003. the pumpkin dream cold brew will start tomorrow with the return of the fall menu. pumpkin spiced latte, starbucks' most popular seasonal drink, selling 524 million per year. starbucks trading higher by 1.5%. >>> in non-food news, lyft investors hitting the gas after guggenheim upped its rating on shares of the ride hailing giant to a buy with a $60 pr

. ♪ ♪ jackie: i'm jackie deangelis with your fox business brief. disney reclaiming its magic.etting a boost from credit suisse after yesterday's posted earnings selloff. the brokerage upgrading sales to outperform and raising its price target by 20 bucks to $150 on high hopes for the streaming service which is going to offer access to its biggest hit movies and tv franchises starting november 12th. take a look there. shares up almost 2%. >>> the streaming crown still up for grabs but it's cord cutting power house roku making out like a king this hours. shares hitting a new record high after a narrower than expected loss and a revenue beat that helps boost the device maker's outlook for the rest of the year. shares up more than 20%. >>> on the flipside, prepaid card giant green dot getting cut down this hour after slashing its full year outlook for both earnings and revenue for the second time this year. shares falling to their lowest level since 2017 after the company reported a quarter to quarter loss of almost 400,000 users. green dot shares are down 40%. >>> coming up next,

jackie deangelis is in the newsroom with details on this. really staggering when you think what ge used to be? reporter: that rebound was interesting given the shares of ge haven't seen that kind of drop in 11 years. this is on the back of claims there was massive accounting fraud at ge. that it soon will file for chapter 11 bankruptcy. anonymous hedge fund commissioned harry mark markopolos. march kopelousos markopolos say they participated in $30 billion of fraud that dates back to the 1990s that goes back to jack welch. he says a fraud bigger than worldcom enron combined. stocks shares are up 11% today, why? in response to the allegations, ceo larry culp bought $2 million of shares yesterday, he said this in a statement, quote, ge will always take any allegation of financial misconduct seriously. this is market manipulation pure and simple. mr. markopolos contains false statements of fact. andrew left of citron research he published a note saying it was the sad day for the activist short selling community when march markopolos issued his

jackie deangelis from the macy's in new york city. good afternoon. >> investors are worried about a recession. they're worried about the consumer as well. consumer spending accounts for about 70% of u.s. economic activity. that is pretty substantial. what we're hearing from retailers, well, macy's missed their numbers. the stock getting crushed today. there were some companies with issues, but the threat of the new tariffs that would impact more retail items. the pressurery said they would be delayed until mid december. but companies like nike, best buy, they were all lower today as well. sam kinds of concerns as macy's. so far the worry is the pending threat. what if china raises prices to offset tariffs? u.s. companies absorb those costs or it hits their bottom line or they pass them on to the consumer that could have a chilling effect on consumer spending. here's how some folks said they would react if there was a slow down. >> cutting back on my spending because i have a child. she's 5 years old. that's really hard. >> i probably

jackie deangelis is at the new york stock exchange. you saw the stocks soar after the president said china wants to talk about trade. reporter: you saw them soar in the last couple minutes of trade on this optimism, pausing, if you will, maybe there will be progress made here. the president said the chinese want to come back to the negotiating table. the chinese issued a statement saying they want some sort of a peaceful resolution. the markets like that, closing 269 points higher. along for the ride, stocks with chinese exposure. nike, apple. goldman sachs trading higher. walt disney was higher. travelers was a dow winner. i want to draw your attention to tesla shares. reports are out that tesla will be raising prices in china as a result of all of the trade friction that we've seen on friday, sooner than the company planned. this is according to people familiar with the matter. there is also folks out there that say, possible that tesla will hike prices again in december. should we see the tariff escalation continue. you can see shar

i'm jackie deangelis in for melissa francis. connell: i'm connell mcshane. nasdaq and dow ending down. the comment president making now are on the south lawn of the white house, as you look at the white house live in washington. he is making them now. you know how this works by now. once he is finished we'll get the tape playback from the president with the breaking news at this hour. jackie: meantime fox business team coverage from washington to wall street. blake burman at the white house, deirdre bolton on the floor of the new york stock exchange, phil flynn watching all of the action in oil. big day at the cme we're going to start with blake. reporter: let me try to walk you through the beginning of how everything started at the white house today that led us to where we are. earlier today the president had a meeting with his trade team, the folks who were in china shanghai negotiating with china face-to-face for the first time since may. members of his tray team, members of the economic team as well briefing the president. after that meeting, at least at

jackie: i'm jackie deangelis in for melissa francis. ashley: president trump likes to talk to the cameras before he up jumps on marine one. president says he has to do a lot for china. the u.s. has to have a better deal not an even deal. we'll bring comments as soon was we get them. fox business team coverage. edward lawrence at the white house. deirdre bolton on the floor of the new york stock exchange. jeff flock watching action in oil from the cme but we begin at the white house with edward lawrence. edward? reporter: ashley we'll hear from the president in a matter of minutes. he talked about the european union. he says auto tariffs are not off the table on this. the president dealing with the european union. he signed a limited agreement with the european union today. talking about hormone-free beef. the u.s. will be guaranteed a market share for importing that beef without tariffs. the president says in the first year exports from the u.s. will increase 46%. then over seven years, they will increase 90%. [no audio] >> we're proud

jackie: i'm jackie deangelis with today's fox business brief.ing nearly 7% thanks to delayed tariffs on some cell phones, laptops, video game consoles and computer monitor products. tariff concerns were a topic during the retailer's latest earnings call, when management discussed some tariff mitigation strategies the company was already using. meantime, general electric ceo larry culp making a huge bet on himself and the troubled conglomerate after scooping up nearly 332,000 shares with a value of nearly $3 million total. independent director tom horton also bought around $500,000 worth of stock. a vote of confidence is pushing tariffs higher by 3.5%. spotify extending gains on reports that the music streaming service is in talks with apple to let iphone users tell siri to play songs, playlists and albums with voice commands. the two companies are currently in a regulatory battle since spotify filed an antitrust complaint about apple blocking siri from working with the streaming company. looks like that could all be coming to an end. spotify up

charles: i want to bring in jackie deangelis. as well. >> i'm listening to commentary and have been watching the markets closely. i don't think the fed will step in with an emergency rate cut. you see how knee-jerk the reactions are. the markets are concerned about china and trade. they are worried about the inverted yield curve and worried about a potential recession coming down the line. that's what they are focused on right now. the federal reserve were to come in with an emergency rate cut, i think it would add to the pandemonium. you already see swings of 900, 600. charles: cool hand luke thing. >> stay with the cool hand luke approach. they still have two more opportunities where they can do something. everyone thinks they will do something in september. i think if jerome powell acts like he's panicking, that really sends a bad message to a market that is already spooked. right now, it's worried about uncertainty and it actually needs something that would calm it down. charles: you know, jason, one thing we do know, if hist

jackie: i'm jackie deangelis with your fox business brief.ly turning positive as the major indices trade near session highs. investors hungry for weight watchers. shares of the oprah-backed diet and lifestyle company surging after reporting a 1.5% uptick in subscriber numbers year over year in the second quarter. those gains, a big beat on the bottom line as well, listing weight watchers full year outlook. shares up currently more than 40%. >>> and spring was certainly in the air for match group. the online dating leader feeling the love, hitting a new record high on a second quarter revenue surge and full year guidance boost. match's tinder brand attracting more users worldwide. its average subscriber base growing by over 40% in the quarter due to new launches in asia and south america. the company also upping its marketing for other key brands including cupid and hinge. shares trading higher by almost 25%. >>> tesla dodging not one, but two roadblocks intraday. the national highway traffic safety administration reportedly calling out tesla

. >> a speed bump for shares of uber company stock hitting all-time low, jackie deangelis at new york at that record close yesterday. remember, uber priced it by 45 dollars it is trading well under that level, missed earnings double mislast week, investors are worried about the path to a profitability ceo says they are on it numbers are not showing that trade 36.60 premarket, beyond meats is saying that it is going to be working with aer ar marks hospital businesses a company that serves two bllg meals each year says 60% consumers want them looking at what is happening with beyond meat saying we need to get into this business launching its own line of soy based meat products to offer competition and consumers more options. dagen: jackie thank you for that jackie deangelis on the floor of the new york stock exchange, coming up retail woes bunch of big brands on tap to report earnings this week, but the looming tariff threat may it be taking a toll on pocketbooks, shopify chief operating officer joins us with his outlook, and rough waters carnival cruz ships failing its -- this is -- fo

jackie deangelis picks up the story live from the newsroom. reporter: connell, let's start by looking of statistic. national institute of health and deaths related to fentanyl, minus methadone, 28,466. now you talked about what the president ordered today. let me give you company reaction to that that fedex came back with a statement, fedex supported passage of the stop act, encourages accelerated i am play mentation of enforcement of provisions to protect the health and safety of the american people. ups came back saying something similar. ups take as multilayered approach to security and compliance to identify, and prevent delivery of illegal fentanyl and other illicit substances. these companies are firing back at the president saying we already do this. trump -- judge andrew napolitano, fox news judicial analyst gave us a statement on this the president lacks authority to issue such an order. if he asked the doj, if lawyers would have told him of the administrative procedures act whereby the fda can impose regulations on drug imports with

sharply lower on escalating trade tensions with china jackie deangelis on floor of the new york stock400 points this is that further reaction from china and trade tensions that you have been talking about all morning, that new round of tariffs heightened uncertaintilast week china striking back with currency adding to that. stocks in focus dow, caterpillar 3 me boeing sensitive to china we watch closely tech stocks lower premarket as well nasdaq set to fall for 6th straight day longest losing streak almost three years watch the amd intel micron applied materials, of course, apple, gold highest since may 2013, bitcoin a huge jump, and currency play finally cars.com down almost 30% board ended a strategic review no bids after reports from activist investor. >> jackie deangelis new york stock exchange still ahead final thoughts from this all-star panel. stay with us. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. dear tech, le

a story jackie deangelis has been covering. what's the deal here? ogle employees are petitioning the search giant to not bid on contracts, to provide their cloud services for u.s. customs and border protection and i.c.e. more than 500 workers said that u.s. immigration officials are quote, perpetrating a system of abuse and malign neglect with respect to the border. google makes roughly $8 billion in sales from its cloud business, but the employees are demanding it not be complicit by working with the agencies. now, it's not the first time this has happened. actually last year, a similar situation arose when workers protested google's work with the pentagon. in that particular case, it was over project maven which uses a.i. in conjunction with drones. so in that case, we had more than 4,000 signatures on a petition and even some resignations coming after that. now, with respect to the current petition, google hasn't responded to my inquiry with a comment yet. in the last instance, the ceo created guiding principles for a.i. that's used with weaponry