looking at the number of jobs created in march, but looking at wage greegt. now the attention turns to whether there s a spike in inflation. the question becomes can companies absorb that because of an expected windfall from tax reform to keep those wages elevated and not pass on those higher costs to consumers. christine romans, a little more circumspect it seems traders are about the notion of a trade war. they change their mind every day based on the headline risk. we ve been saying at cnn money they re living and dying by the trade headlines. last week it was all-out trade war with china. this week the feeling is it couldn t be all-out trade war. they re talking to each other. it s not good for the united states or the chinese to have a trade war here. the timing is awkward an interesting because the united states this week has to borrow $300 billion, the most since the financial crisis in 2008. the united states borrowing $300 billion as it auctions off those securities, who i
a clash is unreasonable. that could slow growth and could hurt big u.s. companies. starbucks, boeing and apple and intel relies on the sales. the tariffs look like a trading tactic? a negotiating tactic. recent history shows his bark is worse than his bite. the tariffs on steel and aluminum. the final product was watered down with exemptions to canada and south korea. the fallout is fascinating. is this people around the president pulling the strings on that rhetoric? we have to see. i think there is a lot of headline risk. if there is a bad patch, you could see stocks fall. the president is likely to out tout his approval rating. it has risen to 42% since last april. on this, his 431st day in
as to fair trade to open their markets and reduce their tariffs and stop forced technology transfer. these are all of the things we want to do. overnight, the wall street journal reports that there were negotiations to improve access to chinese markets. global stocks rebounded on the news. we call it headline risk. a lot of headline risk. every story of will we or won t be will jerk stocks around. that fear is shrinking. we will talk to greg valliere. he thinks this is overblown. ahead, president trump could decide as soon as today whether to expel more russian diplomats over the nerve agent poisie poisoning in the uk. will he listen to his national security experts this time around?
frankly, guys i don t see the correlation between nafta and steel tariffs. they were going to pressure them to cut a better deal. that is still a very open issue. tariffs against two of our allegedly great friends. what they called market players call it headline risk. headline risk everywhere the eye can see. greg, have a great weekend. thank you, sir. you bet. closing more than 100 stores wasn t enough to save toys r us. every store could soon be gone. we ll get a check on cnn money, next. all right says i dare. all right is how you feel. because all right flows here. only in jamaica. the home of all right. your plaques are always there at the worst times. constantly interrupting you with itching, burning and stinging.
but you re not seeing a bounce back here this morning. it will be important to see if there is anything that the treasury secretary says about tax reform. that could be, i think, a headline risk one way or the other here for investors. that s what republicans want to be talking about. the question is can they sustain that discussion with everything else going on. always great to see you. thank you so much. new this morning the president is complaining about the appointment of a special counsel. this is what he wrote just a short time ago. this is the single greatest witch hunt of a politician in american history. joining me now is democratic congressman ted lou of california. congressman, as a member of the judiciary committee, the president now saying you are part of a witch hunt. your response? my response is it may be this is the greatest political witch hunt in history or it may be the greatest political crime in history. that s why i am so pleased a special counsel has been in