Good morning and welcome to Fox News First. Here's what you need to know as you start the new work week...

China announces it seeks 'calm' end to trade war, as Asian markets tank
China signaled on Monday it was now seeking a "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

News of the possible opening in negotiations came shortly after President Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China.

Trump's tariff barrage on Friday was a response to China imposing its own retaliatory tariffs on $75 billion in U.S. goods. At the Group of Seven summit in France on Sunday, White House officials rejected suggestions the president was wavering and insisted that his only regret was not implementing even more tariffs on China.

President Donald Trump and Egyptian President Abdel Fattah al-Sisi, left, participate in a bilateral meeting at the G-7 summit in Biarritz, France, Monday, Aug. 26, 2019. (AP Photo/Andrew Harnik)

Trump talks Iran, 'surprise' visit from foreign minister at G7 Summit
President Trump on Monday said the U.S. is not seeking regime change in Iran and told reporters at the G7 summit in Biarritz, France, that he hopes to see a strong Iran. Trump’s comments came after a day of tense meetings with his European counterparts about how best to approach Iran and the recent tensions in the region. On Sunday, Iran’s Foreign Minister Mohammad Javad Zarif made a surprise visit at the summit at the behest of French President Emmanuel Macron. Trump insisted that he knew about Zarif’s appearance but did not meet with him.

Riot police fires tear gas at protesters during a protest in Hong Kong, Sunday, Aug. 25, 2019. Police were skirmishing with protesters in Hong Kong for a second straight day on Sunday following a pro-democracy march in an outlying district. (AP Photo/Kin Cheung)

Clashes escalate in weekend Hong Kong protests
Hong Kong police have confirmed an officer fired a warning shot as protesters surrounded them and said they arrested 36 people during the latest round of pro-democracy demonstrations.  A police news release Monday said that one police officer fell to the ground as protesters threw hard objects at a small group of officers the previous night. The officers could be seen holding up their shields as protesters surged forward swinging sticks and rods. The incident happened after an earlier clash with hundreds of protesters who occupied a main street following a peaceful protest march. Police used tear gas to clear the street, but some protesters remained in the neighborhood. Hardliners confronted police anew after largely holding back the previous weekend. The police deployed two water cannon trucks Sunday for the first time during the 11 weeks of protests. - The Associated Press

Sanders slams McConnell in campaign stop at top Republican's home turf
Bernie Sanders renewed his attacks on Senate Majority Leader Mitch McConnell at a rally in the top Republican's home state of Kentucky on Sunday afternoon, demanding that McConnell stop his "cowardice" and "have the guts" to immediately take up legislation aimed at reducing gun violence, strengthening election security and raising the federal minimum wage. The blistering address in Louisville came as national Democrats, hoping to retake not only the White House but also the Senate in 2020, increasingly have set their sights on the 77-year-old McConnell.

Meanwhile, Rep. Ro Khanna, a California Democrat and Sanders’ national campaign co-chair, said on Fox News’ “Sunday Morning Futures" that he believed former Vice President Joe Biden “regretted” making a comment over the weekend about what would have happened had former President Barack Obama been assassinated while on the campaign trail in 2008. The comment stirred up controversy, but a Biden aide said the candidate has used the analogy before when speaking to younger generations who were not alive during the turbulent 1960s. Biden asserted the assassinations of King and Kennedy raised his political awareness and propelled him to run for office.

The crooks coolly posed as customers at Avianne and Co. in the heart of the Diamond District in New York City.

Thieves tie up employees in 'massive' heist in New York City's Diamond District
The Wild West came to Midtown on Sunday when at least three armed bandits — one of whom wore what witnesses described as a cowboy hat — bound workers in a massive jewelry-store heist, according to police. The crooks coolly posed as customers at Avianne and Co. in the heart of the Diamond District, browsing the bling before pulling handguns on the four workers in the shop at the time of the high-noon hold-up, cops said. After restraining the workers with zip ties, the robbers raided the safe and display cases, dumping nearly all of the sparklers into at least one duffle bag before high-tailing it out onto surveillance-camera-lined West 47th Street, according to authorities. - Reported by the New York Post

Bad luck? Star Colts quarterback leaving behind half-BILLION dollars with sudden retirement, owner says
Indianapolis Colts quarterback Andrew Luck, who announced his retirement on Saturday, is potentially walking away from a half-billion dollars. Colts owner Jim Irsay reportedly claimed Luck, 29, is giving up almost $500 million, according to NFL Network’s Mike Garafolo. “#Colts owner Jim Irsay notes Andrew Luck is giving up almost $500 million by walking away from the NFL. With QB salaries already at $35 million per year, Luck would’ve pushed $40 million APY soon,” Garafolo wrote in a tweet over the weekend. “Another deal after that maybe over $50 million APY ... yeah, that sounds right.” Luck raked in more $97.1 million in on-field earnings during his seven-year career, according to the Spotrac. The Colts star had three years left of his $140 million, six-year deal, which he signed in June 2016.

CLICK HERE TO GET THE FOX NEWS APP.

TODAY'S MUST-READS
Duke professor compares 'destructive' Trump to 'Hitler, Stalin and Mao' during CNN interview.
Ex-lawmaker Joe Walsh laments past controversial statements while blasting Trump and announcing presidential bid as Republican.
Rory McIlroy wins FedEx Cup, largest cash payout in golf history, at Tour Championship.
Joe Arpaio announces run for seventh term as Maricopa County sheriff.

MINDING YOUR BUSINESS
G-7 summit: Trump strikes 'billion-dollar' trade deal with Japan.
Hurricane season is here: A look at the costly toll of what they leave behind.
Controversial PewDiePie hits 100 million YouTube subscribers -- what this means for video game culture.

#TheFlashback: CLICK HERE to find out what happened on "This Day in History."

SOME PARTING WORDS

Steve Hilton explains the difference between real populism and "fake" populism - and why economic numbers prove President Trump really is for the people.

Not signed up yet for Fox News First? Click here to find out what you're missing.

Click here to find out what's on Fox News today!

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Enjoy your day! We'll see you in your inbox first thing Tuesday morning.