Rally on wall street driven by a blowout jobs report. The surge in payrolls helping the dow and s p post biggest gains in more than a month the s p erasing sharp losses from earlier in the week the focus now turns to the next week fed meeting, the last of get this not just a year, the daektd. Yes. The decade end era. What a decade it has been. Dont get guy going on the decade that was the fed. Dont get me going. Turns into an ugly show. Only a half hour show im happy. Are you happy always happy. Hear the ring first of all welcome. Good to be back with you guys tyler who we mention many times, cnbc royalty friday as steve mentioned off air before, you drew the short straw but here. I am here. Thank you. And i am delighted to be with you guys to answer your question. I forgot the question. What was the question. The other three guys on the desk have been correct and positive the market seems impervious to bad news the job numbers for those watching people will say this was the best Case
President ial candidate steve forbes, great to see everybody this morning. Good to be with you. Maria a lot to talk about, dagen, missed you, wanted to get your take on complaints and whistleblower complaint that we will be declassified. Dagen right, acting in front of Congress Later this morning, declassified last night. Again. Let the American People see it in. I will leave it at this. Will democrats try to leave the. , the intent is to essentially destroy the economy and prevent everything from getting done that would benefit the American People like the canadamexico trade agreement. It looks like they are not maybe even impeach him but just destroy the economy because of it. Uncertainty they maria theres no u. S. Mca, nothing gets done legislatively and its amazing to me that they could stand there and pursue the moves when, in fact, at tend markets, investors, voters are going to blame them for that, steve forbes, what do you say . Its going to be a thin excuse when you have 6 or
Hilsenrath. No, no. Never. Also on deck this morning fox news senior strategic analyst and retired four star general jack keane, at the bottom of the hour talking about iran, pesm congressman member of the house of judiciary commit yes and services committee, former toysrus, former vice chairman, gary on china and consumer, Fat Brands International chairman ed ramsey is here. Saturday night live alumni talking about eddy murphy, right now checking on futures this morning, losses slight on the dow futures down 7 points after major turnaround in the markets yesterday as cooler heads, calmer heads prevailing in the trade fight between United States and china yesterday. President trump softening his stance toward china after announcing new heightened tariffs on friday saying yesterday at g7 saying he sees a trade deal happening. China wants to mick a deal, now, whether we make a deal, has to be great deal for us you know, i tell this to president xi who i really respect, i said, look, your
Is pouring into tenyear treasuries as a safe haven. Trouble, trouble everywhere but treasuries offer a degree of security not found elsewhere, and well pay you interest. You dont get that in europe or japan. Heres another opinion. Surely the Federal Reserve will now lower Interest Rates very soon and very sharply. Ive got another reason for the selloff and its hong kong. Its calm right now but is this the calm before the storm . There are signals that beijing has had enough. Things are coming to a head. Number one, Chinese State media now calls the demonstrators radicals and appears to be whipping up mainland support for a forceful end to the protests. Intervention, they say, is inevitable if the situation worsens. Two, there is video of chinese troops massing at the border. Three, the demonstrators are being told not to move to a different part of the airport. Just a few dozen remain. Four, the chinese accuse Speaker Pelosi and Senate Leader mcconnell of inciting chaos. President trum
That corporations despite americans are essential in balance, productive and Progressive Society by spurring innovation, rewarding talent and hard work and creating on which tech come to dependent. Tyler cowen with finance and tech industry, both critics and defenders will benefit from reading the book, cowen will be joined by edward, u. S. National editor for Financial Times and author of the retreat of western liberalism. Please join me in welcoming tyler cowen. Thank you very much for the introduction. Delight to be here with tyler. Ive met tyler a million times, have met many years, we dont always agree with each other. Disagreeing without being disagreeable and far more manageable at the end of it. We do agree on some things. I am going to get into productivity. Let me quickly emphasize tylers productivity. Wonderful book in 2011. Weve had your complacent, we couldnt have no, about every 3 years. Things speed up as we get older. But, anyway, that is a lot of books, one thing i wil