Page 2 - Trade Side News Today

This despite a strong july jobs report. here is the numbers. the dow down about 100 points. the s&p 500 down 21. nasdaq down 107. and with that, we bring in president and ceo of the jobs creators network, alfredo ortiz. good to see you. >> good afternoon. leland: boy, investors say if you want proof of tow important and how, frankly, wild this trade war is or potential of the trade war is, just think about it. the president gets his rate cut on wednesday, good jobs numbers, and still the market ...

China, trade deal is -- or lack of is a problem. the chinese, you know, keep cheating. keep lying, keep switching positions and all that. so if they did that on trade, how can we deal with them on military issues? >> you raise an interesting question, neil. theyve been doing the same thing on the security side with these islands in the south china sea, rapid modernization. one of the things this president is doing, which is very clever, hes crossed the two electric currents of trade policy and s...

And in order to get the chinese back to the table, the u.s. paused part of their crackdown on huawei, the chinese technology company, otherwise known as a cutout for the chinese intelligence services. is that too much of a give just to get talks back on track? >> well see. like i said, we have very little of the specifics about these talks. there have been rumors about giving some leeway to huawei. leland: this is more than rumors, we know that. trump allows to huawei as the trade talks resume? ...

Futures are looking to open higher as well. this on the heels of president trumps conference with president abe in japan. there there was some optimism on the trade side of things. there the president promising the trade deal with japan by the end of the summer. the bigger question is whether or not china and the u.s. will meet on the sidelines of the g20 summit. certainly what investors are looking forward to as all eyes on the narrative between the two of them. >> lets talk facebook and crypto...

What is the white house trying to get out of this visit. >> the biggest thing for my foreign travel is a tightrope because on the one hand, his brand is that he is standing up for america in a way that other presidents have not. he also wants to show he is not on the stage as they are. i dont think there is a lot of -- on the trade side theyre putting those questions off until july. what he is hoping for is no daylight on north korea what is difficult because the japanese are more concerned abou...

Stage and highlighting what appeared to be a close relationship, building relationship there, and then youve got the close relationship with xi jinping, so im wondering is abe trying to just make sure, hey, dont forget about us, dont forget about me. >> absolutely. thats part of it. and so on the security side, talking about north korea, the potential reunification of the koreas, which is something that both the south right now, the relationship with the south koreans and the japanese is not in ...

Physical goods as in the past so what are you hoping will be achieved at this world economic forum where last year i left with the impression that there was a bit too much complacency and i hope that coming out of the post two thousand and nineteen the message that governments and businesses get is better managing the rest in two thousand and one thousand more resilience to buffer the risks that are already looming on the horizon so as german chancellor angela merkel put it this is all been a wa...

Or angry or concerned about staffing that people are coming and going, the latest the defense secretary. you think he bears any responsibility for whats going on? >> you know more about this than i do. my comment was going to be, as far as the interest rate hikes, the trade issue. the instability is on the trade side. the president said trust me, im going to work out better trade deals and the market is getting nervous on resolving what will happen in china long-term because our economies are li...

Truman. >> im not sure thats fully borne out in every area. i have a real concern on turkey. ive expressed that loud and clear, over and over again. the turkey that were dealing with now doesnt seem to be the same turkey we were dealing with a few years ago. erdogan is taking it in a very different direction in their outreach to russia. what the president has pushed on is areas of trade with china and less so on the military side. so from a national defense side, the secretary of defense obvious...

Secretary of defense stepping down. what we have seen at times on the trade side, together this should make people worry because if we have a president who is now not able to control congress, not able to pass legislation and cares only about distracting from his own personal legal problems and securing his space, then that means he is going to look for those few tools that he himself can control and i think what were seeing in the last 48 hours is a scary sign of what could be coming. >> one of...