Your fx[0] and fx[3] variables are of type char (which is an integer type in C++). However, the actual values in those two elements of your fx string will be representations of the digits, 6 and 2, not the numerical values of those digits.
Very often, those representations will be ASCII codes (but that's not required); however, what is required is that the representations of the digits 0 thru 9 have contiguous, sequential values. Thus, by subtracting the value of the digit, 0, we can convert to their numerical representations.
In your case, the following line will do the conversion:
int part1 = (fx[0]-'0') * (fx[3]-'0');
The reason why you see the correct values when printing fx[0] and fx[3] is because the version of the cout << operator that takes a char argument is designed to print the represented character (not its 'ASCII' code); however, the cout << operator for an int type (like your part1) will print the actual value represented internally. (Try changing one of your lines to cout << (int)fx[0] << endl; to see the difference.)
P.S. Don't forget the #include <string> header – some implementations do that implicity inside the <iostream> header, but don't rely on that!