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This despite a strong july jobs report. here is the numbers. the dow down about 100 points. the s&p 500 down 21. nasdaq down 107. and with that, we bring in president and ceo of the jobs creators network, alfredo ortiz. good to see you. >> good afternoon. leland: boy, investors say if you want proof of tow important and how, frankly, wild this trade war is or potential of the trade war is, just think about it. the president gets his rate cut on wednesday, good jobs numbers, and still the market tanks. >> yeah, you know, there's obviously sensitivity on the trade side -- leland: you think? [lau...

China, trade deal is -- or lack of is a problem. the chinese, you know, keep cheating. keep lying, keep switching positions and all that. so if they did that on trade, how can we deal with them on military issues? >> you raise an interesting question, neil. they've been doing the same thing on the security side with these islands in the south china sea, rapid modernization. one of the things this president is doing, which is very clever, he's crossed the two electric currents of trade policy and security policy. i could see a number of things from north korea to a new inf-style treaty coming o...

And in order to get the chinese back to the table, the u.s. paused part of their crackdown on huawei, the chinese technology company, otherwise known as a cutout for the chinese intelligence services. is that too much of a give just to get talks back on track? >> we'll see. like i said, we have very little of the specifics about these talks. there have been rumors about giving some leeway to huawei. leland: this is more than rumors, we know that. trump allows to huawei as the trade talks resume? >> we have little from the white house on this. the devil is in the details on how much the u.s. wa...

Futures are looking to open higher as well. this on the heels of president trump's conference with president abe in japan. there there was some optimism on the trade side of things. there the president promising the trade deal with japan by the end of the summer. the bigger question is whether or not china and the u.s. will meet on the sidelines of the g20 summit. certainly what investors are looking forward to as all eyes on the narrative between the two of them. >> let's talk facebook and cryptocurrency here. facebook reportedly meeting with trading firms, bank officials and cryptocurrency e...

What is the white house trying to get out of this visit. >> the biggest thing for my foreign travel is a tightrope because on the one hand, his brand is that he is standing up for america in a way that other presidents have not. he also wants to show he is not on the stage as they are. i don't think there is a lot of -- on the trade side they're putting those questions off until july. what he is hoping for is no daylight on north korea what is difficult because the japanese are more concerned about these intermediate range missile launches than the president has tweeted in the last few days.