This is bulls bears and im david asman. Joining me on the panel neo komodo is with us. Jackie, Adam Rosinski and gary. White House National economic director larry kudlow sounded very optimistic about the economy. Here is what he told Stuart Varney earlier. Looking at the data, but the coincident and forwardlooking indicators, i believe there is no recession in sight. We could be in attorney zone back to the 3 growth, again i come back to the household numbers and then appointment numbers. You can look at this much more positively. Neo komodo, what are the chances of getting back to the 3 Economic Growth . I think we can get back there, not anytime soon if you think of the state of the world, we have to really hope that the rest of the world by their stuff and keeps going and back and forth. To get back to those levels. Its not out of the question but ive been given the ongoing concern about trade and Manufacturing Sector and what happened on services. Even though most of the data that
Impeachment efforts against President Trump. Republican leaders fighting back with discrepancies in the whistleblower complaint. Well tell you where things stand. Taking aim at what street. Former Vice President joe bidens campaign reportedly thinking about taxes on Financial Transactions like the sale of stocks. What that move could mean for you and your wallet. Apples taking heat films to the theaters before. Were breaking down apples strategy in the hour. Melissa blake burman at the white house, gerri willis on the floor of the New York Stock Exchange and phil flynn watching oil at the cme lets kick it off with blake. Reporter melissa, you said happy friday, did we need this friday ever . What a week it has been here in washington. There is so much public scrutiny over the july 25th phone call between President Trump and ukrainian president Volodymyr Zelensky in which the whistleblower complaint brought it all to light. Now, especially within the last day or so, many in and around t
Socalled wall street tax, placed on the sale of stocks and bonds. So will this appeal to voters even those who hold stocks in their Retirement Savings . Well, im not sure it is going to. It is all about how you brand it; right, david . Hes branding this or at least as they are mulling it over they are branding it as a tax on wall street, but it isnt. Think about how many people have equity and Bond Investments on main street. If you have a 401 k , if you have a pension, if you have any equity related investment, this is going to hit you. Now, it may seem a little bit less extreme than the wealth taxes that sanders and warren are proposing and hes in a tough spot because he needs to go a little bit more left, but he needs to make sure he wont cannibalize his base and this could very well do that. Well, okay, okay, lets just forget the notion of how weird it is that you will get your poll numbers to go up by proposing a new tax. David good point. Thats a little hard to grasp. I dont like
Seeing retraction around the country. Born out nationally and philadelphia and new york, chicago. We had a private payroll report that looked pretty good on the surface. It confirms what is a slowing trend. Something in excess of 200,000 private sector jobs on average being gained each month in the latest period. A little more 120, 130,000. The pace slowing there. This is the same week we had forever 21, a big clothing retailer, following on the heels of others looking at outright bankruptcy filing or closing some stores. The pace there running 40 of where it was a yeargo. None of this means the economy is in question. The fact that by and large the fundamentals as they like to say in washington are sound. President seizing on something stuart just did, this ongoing impeachment mess is adding another wrinkle of uncertainty to markets. The who the president prefers him staying in power, than him or anyone else, Elizabeth Warren included, taking that power. We have all of this going on.
David a little spat. Well, President Trump also adding he doesnt need to reach a deal with china before the 2020 election. All these comments prompting the china trade delegation to announce it is now cancelling a planned trip to visit montana farmers. Thats next week. Now, that sent the markets tumbling. Check out the dow at about 1 13 p. M. Eastern time, just when the china news hit the wires. Markets dropping like a stone. The dow losing more than 200 points at that point. It recovered a little bit at the end of the day, but not much. Joining us now is usda trade advisor. Tom, you represent farmers. And we see what happened as soon as the president made his announcement. They said they are going to stop their delegation to the Farm Community in montana. Are the two things related in your mind . I think its great speculation all around the world as to why they did what they did. David what do you think . Look, i talked to mr. Forbes in the hallway on my way. Im a long time fan of his