time period because these things typically don t go on forever. that s right. as the hours go by, the situation becomes more desperate. julia, you were cautioning earlier i know, don t necessarily read into the passage of time and the hours that have passed as being a determining factor of one thing or another. it could mean many different things. we know the fbi is in contact with the suspect. and that that has been going on throughout the afternoon. we also know that there are believed to be four hostages and perhaps as ed was saying a few moments ago, the number that it is, the small number that it is because so many people were watching or listening to the live stream at home. but what is your sense of things right now? you ve been with me for the last couple of hours. what s your sense of it? and phil brings up the sort of hopeful statistic is like something to 85 to 90% of
which it appears we re seeing less demand for a whole lot of manufactured items, or when you add in the inputs that people have to have to make a product, including things that get imported, which now costs more, all this contributes to a slowdown. and so what people are hoping is that the consumer demands are going to push the economy along and out weigh the decline in manufacturing. we ve had a longest recovery in history and these don t go on forever. and so we re going through a cycle and obviously the tariffs have not helped us. they are contributing to this and a slowing economy is never good news for an incumbent president or incumbent governor. it doesn t matter what it is. people want to see their lives getting better. that s a good point. that is definitely the reality. on that note, i am not going to ask you about where you are in considering a residential run, even though you are heading to
back and forth where the president one moment wants to look tough and vindicate his claims in the campaign that he was going to bring china to heal and the other portray himself as a pro-business deal maker who s good friends with president xi and he likes me and i like him and therefore we can make a deal. that s not how international negotiations work. what we have seen is frozen business investment that rattled markets and economies around the world and that s one of the dangers that if you have an expansion like we have that s been going on for ten years, expansions don t go on forever and if you make the wrong move that ends up hurting economic out put and hurting confidence, you could bring the economy into a recession which was the opposite of what he wants goin z into 2020. john and kelly, thank you for your reporting on this.
yeah, that was balogney. we have discussed that on the show. there are a lot of things that people economists could see clearly before they are done. they warned them. that does not mean policymakers avoid them. just as you remember the trump white house says tax cuts was not going to increase the deficit. look at it right now. same as true as the trade war. you mention, steph, we got a long expansion, expansions don t go on forever. the question is what tips a weakening long to a done turwnt. this is the kind of thing that accelerate this development. this is what you call a lose-lose situation. the chinese economy is hurting and the people in the u.s. are hurting. farmers are stuck with their soybeans.