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Saw on friday, you got to remember that this president doesnt want stocks to go down he wants stocks to go higher and thats how you get a day like today where the dow gained 270 points and s p claimed and the nasdaq pole vaulted to 1. 23 trump knew things looked bad after fridays sell off. He decided to Say Something positive and turned things around did he call them did they call him there was a call people, thats beside the point. On friday the president took a harsh stance talking about boosting tariffs and demanding American Companies leave china immediately. He says the chinese called him willing to negotiate that was enough to give the market lift even though were getting conflicting reports about what happened. The peoples republic has officially denied anyone called trump. On the other hand, trump got two calls because the chinese are desperate and knows he has the ....
More on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. ....
Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. What do you mean . Thats exactly what is going on right now so the United States is blessed with technology. The United States is blessed with low energy. Zero versus the rest of the world. Correct but why is that becky . Because we are seen as the best economy globally and thats where i see protectionism doesnt exist in asset pricing ....
Partner Mitch Roschelle and jessica and chief strategist david, welcome one and all. Good morning. Jeff, already on the way to the polls. [laughter] dagen we got another poll the quinnipiac comes out. Fantastic, bring it on. Dagen we talk about polls because its interesting, thats why. Also on deck attorney general from the state of North Carolina jack to talk about the states concerns over vaping and what North Carolina is doing, partner to talk china, pennsylvania congressman and member of house labor to veteran affairs and chief of staff to Vice President mike pence marc short on trade and former fed official wrote the resistance among former fed officials, i will leave it at that. Lets look at futures, 44point gain, gains across at the moment amid more uncertai ....
Wall street Global Economy editor Jon Hilsenrath. Great to see you guys. We have a lot coming up. James carafano. Mohamed on the economy and markets, former pennsylvania governor on 2020 race and policy director Peter Navarro joins us talking trade, markets and the fed, dont miss a moment of it, big 3 hours, markets have a firmer tone, mix trading dayiest, we are waiting on crucial speech this morning from Federal Reserve jay powell, the central bank chief addressing commentary policy and future rate cuts, we have Jon Hilsenrath to tell us what youre expecting, jon. Jon itll be hard for powell to go on a limb, theres a lot of Division Within the fed itsel ....