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War of words with china overnight and floating the idea of $100 billion in tariffs on additional tariffs on chinese goods. the market doesn't lying it for three reasons. one, it doesn't like sabre rattling. it thinks there may be a cleaner way to get china to the negotiating table. remember, they're our negotiation partner. it has lots of levers kit pull. two, there was a lot of confusion when administration officials came out after president trump's floating this idea. on the one hand, we had trump's economic adviser, larry kudlow trying reassure the market this is part of a negotiation. the ...

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>> jared, is this actually a setback for the president in so far as the embarrassed speaker with someone at least with whom he was dealing? and now, the president really doesn't have a negotiation partner? >> i do think it's a setback from the nation because the president and speaker boehner were actually moving to a credible, plausible compromise at the very beginning of the week. of course, that's horribly off track now when john boehner decided to go to plan b. i think the president's lever raj, if anything, is enhanced by this. the problem is that i don't know why republicans would nibble ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.