richard quest, thank you so much for that. let s get a check on cnn business this monday morning. global stock markets are done after beijing says it will not back down in the trade war with the u.s. china squarely blames the u.s. for the break down in talks. on wall street you have futures leading lower again this morning, a triple digit decline for the dow on deck. the dow fell 355 points on friday on president trump s threat to punish mexico with tariffs. it was the dow s 6th straight losing streak, the longest since june 2011. the s&p lost 1.3%. the nasdaq fell 1.5%. the dow and the s&p 500 down 6% each in may. that is the worst month since december s awful route. the nasdaq in may fell a terrible 7%. it s worst may since 2010. despite rising trade war tensions, stocks are about 21% higher since trump s inauguration day, well off the best gains that we have seen.