Page 2 - Cap X News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Committee is seeing no situation. the president of the san francisco reserve board is saying no recession. could be a slow down. we're talking 2% growth. that's not a recession. you know, i think every incumbent president that has lost going back to william taft has lost during a recession. when you look at what's going on, the economy, you bring up an important point about the jobless rate. it is also about consumer spending, consumer confidence. brian mornihan, he sees consumer still spending strong. target and walmart, they have good numbers. >> and when you look at cap x spending which is ...

300 billion in chinese imports coming in. we're going to see everyday items go up in price probably. things like children's toys, apparel, etc. it will hit retail. the retail sector, while the consumer is doing the better than you saw that in the gdp. consumers driving the economy as opposed to businesses who slowed down on cap x spending. an area to watch given the tariffs. >> sandra: you want to see the consumer doing well. china, the president was really tough on china last night. how is this playing in particular how did it play in the state of ohio for the president? >> the president has ...

Back into the economy. david: hasn't it? >> it has a little bit. but there are other things helping out as you mention as well. we saw manufacturing growth, 11% of gdp. that's actually down from 16% two decades ago, but it's strong from where it was and what we're seeing is that that's contributing to our gdp numbers going forward first quarter, 3.1%. so we hope to continue and see that move forward. what the problem is right now, the corporate tax cuts, a lot of those companies used that money for buy backs, rather than putting it back into the economy. the reason is they're a little worried ...

Revolution and opium worse and imperialist who knocked them off the greatest economy in the world not long ago, but that happens with keeping the public excited, but they've made economic commitments and they want to achieve them. i know xi wants to achieve them. neil: jackie, you travel the world and in some markets they're getting agitated. >> absolutely. everybody is concerned about it. we've become more global this terms of how commerce runs than ever. what's happening in china impacts us here and what happens here, virus versus is a. europe is worried about it as well. i think what's inte...

Investment spending on equipment, so-called cap-x those numbers are doing extremely well. i don't want to talk pain, i want to talk progress on a very important issue. >> is it becoming a game of chicken with klein? isn't this becoming a game of china? >> is the stock market reacting to -- >> that's a -- i was afraid they might have been less -- >> the president mentioned a lot of growth we've seen in market has enabled him to take a bit of a hit. do you think if we had erased all this growth that that would not have put the president in position where he could take such a tough stance against...