she is a former worker at amazon's cloud decision. the bank tells fox news that every current and previous capital one customer and anyone who has applied for a credit card at capital one could also be affected by the hack. cheryl: a senate panel is holding a hearing this morning on the federal aviation administration, particularly oversight of the agency. the senate appropriations committee expected to discuss the future of the boeing 737 max. the max has been grounded since march after crashes that killed nearly 350 people. boeing last week posted its largest ever quarterly loss. lauren: tariffs are mentioned in many of the conference calls held by these major corporations reporting their quarterly results. in fact, treasury secretary steve mnuchin and robert lighthizer are in shanghai, china right now for day two of talks with top chinese officials as president trump is ratcheting up pressure on china to quickly reach a deal. cheryl: jessica stonies at the white house with more. good morning, jessica. >> reporter: lauren and cheryl

speaking of amazon, more than 20 amazon workers at a delivery facility in chicago are accusing the company of not paying them nor overtime during prime week. they filed a complaint with the illinois department of labor, claiming that management dismissed them six hours early on july 19th and promised to pay them for their full shift. the workers said amazon counted the six hours in the following week's papered, so they didn't -- pay period, so they didn't get the overtime for those hours. ashley: investors have a full plate this week with u.s.-china trade talks set to resume and the federal reserve meeting on interest rates. our next guest says don't expect any major progress this week on a trade deal. david nelson is chief strategist with bell point asset management. david, good morning to you. i was reading your note. you asked the question, so what are the chances of some breakthrough being made in china with these trade talks and you said in a word, no. >> can i go. ashley: yes. thank you for being here. over to you, lauren. no, you said president xi, the president of china has dou dug

this amazon box is actually a cake. emily mcgwire's husband thought it would be perfect since she gets three amazon packages every week, even the shipping label was edible, featuring the address, one, two, three, four, birthday lane. that's what's happening now. deirdre: that is great, appropriate for a lot of people. lauren: only three packages a week? i've got her beat. bring on the cake. deirdre: the u.s. is set to resume trade talks with china next week. top u.s. and chinese officials meeting in shanghai for the first time since president trump and chinese president xi-jinping agreed to revive negotiations. riley walters with us now, a heritage policy analyst in asian economy and technology. riley, thanks in advance for the time. i noticed as part of the group that's going to be meeting that the chinese trade minister, who has really been absent this entire time, is going to be at the table. he's known as a hard-liner. what do you think this changes, if anything, about the conversation? >> well, with the inclusion o

amazon. lauren: facebook said the ftc opened an investigation into them. this follows a settlement with the ftc over privacy allegations. facebook posted stronger than expected second quarter results, able to grow their user base, despite the investigations. cheryl: tesla shares, we're watching that stock in the premarket right now. the company's second quarter numbers missed the street's forecast. tesla said it is working to increase production capacity. the stock is down 10 and three quarters of a percent. also, the company said that they lost over $400 million in the quarter, despite record sales led by of course the new model 3. and then there was this, another tesla executive is pulling up stakes. chief technology officer jb strobel is leaving after taking in $30 million in share sales. lauren: more earnings today, southwest, american, 3m, durable goods orders, north korea firing two short range issues into the he sea of japan. cheryl: tracee carrasco has details. tracee: the missile fil

there's nothing monopolistic about amazon controlling 5% of retail sales. lauren: same thing with apple, they don't dominate when it comes to the iphone or music. can you see all of this potentially backfiring against the government as the big tech companies let's say hire more lobbyists? >> yeah, i think that's a absolutely what's going to happen. it's going to backfire. it's going to be a stalemate. we've been talking about privacy regulations for two years. we'll be talking about the anti-trust concerns probably for just as long and not have much action taken by the government. lauren: the broader market is under pressure today. the premarket boards of the major tech companies are under pressure today. facebook reports earnings after the bell today. it's expected to do relatively well. does that surprise you? >> no. look, fundamentally facebook has been a strong business. it just can't keep out of the headlines with the privacy concerns. today if they put up better than expected growth, i think it's going to cure all that ails facebook. it's going to be

names like amazon, facebook, if the fangs can't perform, i think the market will struggle. cheryl: facebook was expected to get to the settlement announcement before the close of traying tomorrow, we'll -- trading tomorrow, we'll hear about the $5 billion with the ftc. >> it's a drop in the bucket for a company like facebook. we like to think the settlement means it's settled. when it comes to facebook, it's almost like the nuclear industry was in the '80s, pharmaceuticals were in the '90s, oil was in the 2000s, that's big tech right now. they're kind of public enemy number one. my fear is whether it's on privacy, whether it's all these other issues, that the government isn't over when it comes to regulating and micro managing facebook. cheryl: elizabeth warren coming out and saying she believes there's an economic crash coming and then she said here's what i'm going to do about it, i'm going to erase student debt. >> she's got a plan. cheryl: we're going to offer free tuition. with unemployment at record lows and she talked about manufacturing jobs, i'm not sure where she'

stories at big tech earning season kicks into high gear some of the biggest names report hear from amazon and alfa bet will you had fallout from antitrust ageses in trade war with china weigh on the markets hottest sector. that is a big question. iran now blaming national security advisor john bolton after rogue nation season of british oil tanker. how should u.s. respond? take a look. >> here we go. all eyes on robert mueller an highly anticipated testimony this week will he say anything different than he did two months ago and will democrats turn it into a 2020 campaign event? >> and how one study says teamwork can actually be bad for your health. it is monday julynd fbn:am starts right now. ♪ good morning i'm cheryl casone. >> i'm deirdre in for lauren simonetti. >> great to have you here deirdre. monday moving on this monday we have green arrows across the board pickup continues with dow up by 66 and s&p up by eight and quarter and the nasdaq up by 30 and a quarter. >> taking a look at the bond market with tenure treasury yield you can see 2.04%, of course, a lot of that a lot of tr

amazon is seen as the leader to win that contract but the president says he's been presented with many concerns. >> we're getting tremendous , really complaint from other companies and from great companies some of the greatest companies in world to complain about it having to do with amazon and the department of defense. and if i will be asking them to look at it very closely. president also met thursday at the white house with executives from airline industry that included the head of airwaves along with united jett plus, and american. the white house says that discussion was on transparency and competition. back to you in new york. >> blake, thank you let's stay with the white house because president trump is planning to nominate eugene he tweeted last night gene has a great success in legal and laicial field highly rpghted as a lawyer but with great experience working with labor and everyone else. the 55-year-old is the son of the late justice angt antonin and step down from the position just last week costa after rules of prosecutor negotiating plea deal with jeffrey epstein. >> th

set to be awarded to either amazon or microsoft. it could be worth as much as $10 billion over ten years and learned about letters from republican member of congress that claim contract excluded some companies. cheryl: we've got a lot more coming up this morning is the squad outshining the 2020 democratic presidential homefuls? how rising rivalry with president trump could actually be helping the president. and just when you think it is finally gone or for good. baby shark is back. the reason officials of one florida city are blasting the relengtless song. >>lauren: don't play it right n. ♪ ♪ baby shark ♪ mommy shark ♪ whoa. travis in it made it. it's amazing. oh is that travis's app? it's pretty cool, isn't it? there's two of them. they're multiplying. no, guys, its me. see, i'm real. i'm real! he thinks he's real. geico. over 75 years of savings and service. let's get you caught up own global market action declines in u.s. earnings jitters trade fears overwhelming investors at this hour. dow is down 4-9d points nasdaq down

today. >> shares of amazon in the premarket trading slightly to the upside amazon of course wrapped up the prime day and some shoppers complaining because longer than expected delivery times because so many orders flooded the site. a data company said the internet searches for canceling amazon prime or 18 times higher on monday. that suggests that some customers just want to snatch up some discounted items without making that long term long-term commitment to amazon and the annual fee. he apparently is celebrated at the close of prime day by standing on top of the amazon spears at the company's seattle headquarters. >> the stock is up $2,000. if you only knew that when. you could've bought some. when it was under hundred and i did it. let's look at the dow and s&p and the nasdaq. weave green arrows. nasdaq up 18 and half. they trade jabs over healthcare. are they trying to woo one of the biggest fans. as i going to work. in the economy may be booming. details coming up when "fbn:am" returns. [music] this is the couple who wanted to get away who used expedia to book the vacation rental

executives from facebook, google, amazon and apple all facing congress ppg antitrust panel of the house judiciary committee is looking to find out whether company have become so big that they need to be broken up. the hearing coming as regulators around world are voiceing concern about tech giant market power and data correction policy. >> facebook is planning for cryptocurrency libra expected to face tough questions today at another hearing on capitol hill. facebook executives david marcus basically the head of the libra project will answer questions from the senate banking committee, president trump and federal reserve chair jay powell have already raised serious concerns about facebook libra projects. now treasury secretary steven mnuchin says he has his own reservations. >> cryptocurrency sughs bit coin have been exploited to support billions of dollars of illicit afnght like cybercrime, tax evasion, extortion, ransomware elicit drugs, human trafficking. mnuchin says facebook has, quote, a lot of work to do to convince regulators that libra will have the proper anti-money landering

can amazon still deliver? >> it is a good question and ask gibbon founder of nonpolitical news diagnostic and chief research officer, at ace research as well as a retail analyst thanks for joining us ladies. >> thanks for having us. i want to start with first of all did you buy anything today and do you think this a.m. disoon prime day is really going to -- stack up how it is supposed to and how it has in years past? >> you know as a new mom or gave birth about a year ago, you're certainly on amazon prime all of the time. so i'm constantly buying stuff on amazon prime for the kids, however, i think because people are -- they really push this marketing message out there so what they're trying to do especially with new prime members are people that aren't prime members yet. they want to make sure that that membership increases. so you know they have this amazon prime concert, they're really trying to go and kind of take market share away from the target customer through wal-mart mirrors. so there's that big push

media summit yesterday and also look ahead to the hearings next week, tuesday house testimony from amazon, apple, facebook, google and more throughout the week. we've been talking about how to regulate big tech for about two years now. at what point does the talking become action, does something really happen. what can the trump administration really do here? >> thanks for having me on, really appreciate it. yesterday's summit was a good discussion point and starting point to begin bringing people to the table to talk about concerns that are flairing and it is how are these tech companies moderating content. now, the rules are clear, if you actually read them. but nonetheless, there are concerns out there. what i think is being missed in the conversation is how technology has propelled conservatives to victory back under president trump's inauguration, as well as looking forward to 2020. and that's what i think's really being lost in the conversation is the opportunity for conservatives to harness the power of social media and social technology to reach voters who they otherwise could nev

trade officials are looking into a french tax that could affect companies like google and amazon. trade representative robert lighthizer says the u.s. is very concerned that the tax unfairly targets american companies. so this proposal would apply a 3% tax on revenue that the tech giants get from targeted ads and digital marketplaces within france. lauren. lauren: climate change is a top concern on the campaign trail. senator elizabeth warren running for president reintroducing a bill requiring public companies to disclose critical information such as greenhouse gas emissions. warren also wants to hold companies accountable for their contribution to these environmental risks. but what cost will this place on corporate america? we asked rebecca walter, walter wealth participate ceo. good morning to you. >> good morning, lauren. lauren: is this fair, her proposal? >> the problem is this. you cannot apply this kind of cost on public american companies when 1.3 billion in india, and people in china, won't have anything to do with any kind of climate change measures that will stop and

kohl's is helping amazon with returns. you no longer have to wait at the post office, just in time for amazon prime day, shopping sprees and back-to-school shopping, kohl's says its more than 1100 stores nationwide now accept amazo am amazon returns. cheryl: we're seeing a little bit of a downward tick in futures this morning on this monday. remember, this is after the blockbuster jobs report we got more jobs out of than expected. a little bit of a retracement this morning. nasdaq is down 30. global markets reacting. we'll have more on that in a moment. also, this. brand-new numbers showing president trump's approval rating hitting an all-time high. but there's still a range of re-election risks he could be facing. and how the federal government has been able to tap into a massive facial recognition database without the public's consent. you're watching "fbn: a.m.." ♪ we fight fall apart before too long. ♪ we can work it out. ♪ we can work it out. ♪ ride-along, captain! i've never been in one of these before, even

this year's 48 hour event will be amazon's longest ever. delta airlines is giving coach travelers a pretty nice perk. starting this november, passengers will be treated to, are you ready, a complementary drink right after you take a off. and by that we mean one with alcohol. for free. cheryl: free? lauren: free. del tadelta also upgrading the d menu. it will not be free. this, the dairy industry came up with a new way to get kids to drink more milk. >>> it's setting up coffee bars in high schools across the country. milk consumption has fallen 40% since 1975 and the coffee bars could help reverse that decline. there's one high school in north dakota that uses 530 gallons of milk making coffee drinks the past school year alone. so kids will be caffeinated but they will get their -- cheryl: there's a reason that parents don't want their kids to have dairy. like allergies, health and wellness. lauren: i'm sure there will be soy and coconut options too. cheryl: another natur.cheryl: s expected to supply plenty of natural fireworks for the 4th o

. >> yep. >> amazon also. a lot of people want us to take action. >> are you going to? >> i can't say that, tucker. that i can't say. cheryl: well, the house judiciary committee opened apan anti-trust investigation into goodell and amazon last month. lauren: many americans agree, the economy is doing well, but this is interesting. many not so quick to give president trump credit for it. cheryl: interesting. rich edson is at the white house with details on that. rich. >>> good morning. >> it's incredible what's happened to the american economy, we're the best economy in the world. >> reporter: this month, the u.s. economy is on track to grow for 121 straight months, the longest economic expansion in american history. it started a decade ago, following the deepest economic crisis since the deep depression. >> the unemployment rate is low. we had the best june stock market the dow jones in over 80 years, that's going to fill up the 401-ks of middle class folks everywhere. >> reporter: nearly two-thirds of america

amazon founder jeff bezos' divorce expected to be the most expensive settlement in history. reports say bezos will pay $38 billion to his soon to be ex-wife, mackenzie bezos. she is said to be taking a 4% stake in amazon, making her the fourth richest woman in the world. a trial date has been set for elizabeth holmes, in august of 2020 and it is expected to last three months. she is accused of lying to doctors and patients about blood test results. thernos reached a valuation of $9 billion before unraveling. pepsi is testing water in cans. they will start using aluminum cans for water starting next year. the company said the switch is expected to remove more than 8,000 metric tons of plastic from the environment. cheryl: a couple of big stories we're following here. of course, that trade truce if you will, that meeting between president xi-jinping and president trump really giving investors optimism now that talks are going to restart, some of these restrictions lifted off of huawei, that maybe just maybe a trade deal is in the future. dow up 271, less than a percent away fr