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Detailed text transcripts for TV channel - MSNBC - 20181210:12:19:00

Penetrate the market consciousness, deep near to some sort of constitutional crisis yes it would have an effect. what s driving the market now is a couple of things. perception that global growth is slowing and part of that does relate to trump s trade policies and the impact it s created and uncertainty it s created for business and for everybody around where trade is going. that certainly had an effect. rising interest rates in the u.s. have had an effect and that, again, you can attribute somewhat to trump because of the fiscal policy, the deficits we re running widow put upward pressure on interest rates. also look most importantly probably the sugar high of trump s tax policies have worn off. we got this one time bump in corporate profit, one time income tax cut. when you look at everybody s forecast for growth, the economist s forecast for growth next year it s not 4%, it s not 3%, it s 2%. that s what s likely to happen. all of that has the market thinking that values were being ....

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