James freeman. Much made of the inversion of the yield curve between twoyear yield on the treasury and the 10year, but what do you make of the markets right now . Well, we had really a trifecta, the poor numbers out of china with Industrial Production worst numbers in 17 years. We had a poor number for germany, gdp negative, second time in four quarters, fourth largest economy, the Worlds Largest economy in europe, of course, the inversion of the 2s to 10s that weve all been waiting on. We have seen other parts invert. This is the one recognized being symbolic for, predictor of possible recession and i think that most of the reaction was about. But as we look at the numbers and relative, mixed Economic Data, unemployment is still low, wage gains are still there, i think yesterday was reaction to a lot of scary data that came in, but we are still positive about the markets and we think that weve got some runway head here. Dagen lindsey to that point, the 10year yield closed 1. 596 . I w
Ambassador to mexico and el salvador. Ester george joining us on the company with another inversion to talk about. Former economic senator United Nuclear iran chairman joe linerman, kyle beth, great insights there on markets and china he will be here onset. Dont miss a moment of it, we have a big show this morning, futures are down, we know why, markets are lower right now by about 60 points, down 7 on s p and nasdaq down 32 after yesterdays big rally boosted by positive retail earnings and stimulus hopes, china issued trade warning increased tariffs could escalate tensions and they are urging washington to meet beijing halfway, President Trump spoke about it yesterday. We are winning against china, they lost 2 and a half Million Dollars in a short period of time, has to be a deal fit for the United States, they want to make a deal, probably we will make a deal, somebody had to do it. I am the chosen one, somebody had to do it and im taking on china. Maria have to admit, the president
Hour. How about avoiding downturn or recession. The Trump Administration examining proposals to boost the economy amid warning signs of at least a slowdown. The president made comments in oval office, being very careful. Melissa you dont want me to get hysterical. Connell youre sitting this close to me. Latest on white house plan, what the president had to say. New details on apples streaming service. How the Company Plans to take on netflix. How it compares to disney plus. As well as major change at one us airport. What you need to know before you head through security. Melissa fox Business Team coverage. Gerri willis on floor of the New York Stock Exchange. Blake burman at the white house and Kristina Partsinevelos in the newsroom. Well start with blake. Reporter melissa, President Trump said a little while ago talking about a recession is quote, inappropriate be. He also talked down any potential recessionary fears, talking up the possibility of tax cuts, new tax cuts down the line.
Asking your top concern. We will talk with columnists and editorial writers from detroit, chicago, new york, and San Francisco. Ost good morning we are spending this morning on the washington journal focusing on the issues facing americas cities. Having this conversation in the wake of President Trump singling out baltimore and pointing to the nations 30th largest city as a symbol of problems with urban areas. This morning were are going to hear from City Residents only. Ellis tell us what your top issues are where you live. You areidents only, if in the eastern time zone, 202 7488000. Mountain and pacific time zones, 202 7488001. You can also catch up with us on social media. Witter. Com cspanwj you can start calling you now. A reminder, when you do call in, turn the volume on your tv down. You will you will be able to hear the program when you are on hold. As you are calling in, we want to take you back to the first of this month. The president was in cincinnati at a campaign rally.
Well as socalled red nag laws flag laws to keep guns out of the hands of the mentally ill. But the shootings have also renewed attacks over President Trumps rhetoric with 2020 hopeful and former Vice President joe biden accusing him of stoking hate with his words. Listen. This president has fanned the flames of White Supremacy in the this nation. Hes poured fuel on the fire. We have a president with a fox fox toxic tongue who has publicly and unapologetically embraced the political strategy of hate, racism and division. David lets bring in wall street journal columnist and deputy Editorial Page Editor Dan Henninger and columnists kim strassel and bill mcgurn. Dan, americans, folks in real america outside the beltway, what do you think their reaction is to politicians trying to score political points on the basis of these shootings . Well, i dont think theyre shocked, david, but i certainly think theyre depressed by it. It was extraordinary even to me, im in the business, im paid to wat