what is the impact of his lies on the economy? >> in the long run, i think it's not good to set up an atmosphere of lies and counterlies because i think it's hard to do business in that environment. but in the short run, it can boost business by creating some kind of confidence, some sort of false beliefs. >> such as exaggerating communications with china to make it seem as though a trade deal is imminent. >> china called last night on top trade people and said, let's get back to the table. >> there's no evidence that phone call was ever made. that was a monday in late august. the dow had dropped 623 points the friday before. two officials told cnn trump conflated some messages coming from china because he was eager to project optimism that might boost markets. it may have worked. the dow closed up 270 points that monday. and keep in mind a president's