Fed started in 2009 after tim geithner left until 2016 and before that he was with Goldman Sachs for about 2025 years the fed shouldnt enable donald trump you know trump isnt a trade war and thats why bill dudley responded to this is like this trade war with china is crazy we shouldnt cut rates in fact we should raise rates if anything hes almost suggesting anything to get rid of trump like we should overthrow the guy well trumps new trade war tool might just be antique china debt collectors of pre communist debt are lobbying the white house to force beijing to pay up president Donald Trumps next move in an increasingly fraught trade war with china could be one for the history books literally the trumpet ministration has been studying the unlikely prospect of reviving centuries old claims and chinese bonds sold before the founding of the communist peoples republic this was a 1911 and it was used to fund the construction of a rail line between hunk who won and once the communist revolut
Imagine what would happen is that simply u. S. Will default on some bonds to china. Approximately a trillion dollars worth and claim that well were just making good on the debt so you owe us to use to justify a default again de dollars ation well yes there are some weird people involved in this some crazy texan sort of pastors and stuff like that and they are encouraging that theyre claiming that with inflation an Exchange Rates in history that is actually worth a trillion dollars with by the way happens to be how much debt that china owes that owns of the u. S. So they own a trillion dollars with the treasuries and like lets just cancel it out but you mention the localization and for thousands of years weve gone through globalization and then d. Globalization globalization d. Globalization weve weve gone through these constant cycles humans constantly do that assistance we do this in markets that. Why Technical Analysis and sort of that sort of thing also when you look at the history
Schools about does it for me for the latest on these stories you can head to our t. V. Dot com my colleague 7013 here in about 59 minutes time with news right now stay with us for the Financial News and cultural. Oh im max guys are this is the kaiser report and were going to get in the some really important things there are embarrassed rounds for we are now so lets bring states you know im going to it quickly read the 3 have ions i have here because its all about politics geopolitics and geo economics here the 1st fun because were in frowns ill start with a french headline because this was from macro own and after chump leafs trads mccrone warrants world as living the end of western hedge a moni if we also have a headline from the us that match is this to my mind and its from bill dudley former ahead of the new york fed started and 2009 after tim geitner a left until 2016 them before that he was with Goldman Sachs for about 2025 year is the fed shouldnt and the able donald trump do you
Rejected. So when you want to be president. Or somehow want to be. That you do like to be cross as a white woman for 3 of them or cant be good that. Im interested in the waters in my house. There are certain. Oh. This is the kaiser report and were going to get into some really important things that are in paris france where we are now so lets bring stacey im going to quickly read the 3 have i and i have here because its all about politics geo politics and geo economics here the 1st one because were in france ill start with the french headline because this was from macro and after trump leaves france mccrone warns world is living the end of western hedging mony but we also have a headline from the u. S. That matches this to my mind and its from bill dudley former head of the new york fed started in 2009 after tim geithner left until 2016 and before that he was with Goldman Sachs for about 2025 years the fed shouldnt enable donald trump you know trump isnt a trade war and thats why bill
Last quarter but not enough to move the stock. Its down right now, higher shipping costs hitting the bottom line and a lot more we will discuss there. Wait until you see what happened during my interview with senator Marsha Blackburn. Varney company is about to begin right now. This is what people want to see done, and i got to tell you, summertime it might be hot but people are pretty happy campers. Charles real quick, you mentioned are you okay . Yes. Charles oh, my goodness. You just never know whats going to happen on live tv. That was my interview with senator Marsha Blackburn from yesterday. A pretty rousing interview to say the least. Going to be a rousing start this morning also. We just got the latest read on the economy. I want to bring in David Mcintosh with club for growth. David, just your initial reaction to these gdp numbers which i should let the audience know, the official consensus was 1. 8 . The wall street whisper number was 1. 3 . Obviously significantly better tha