A tense diplomatic tightrope in china watching as influence over russia grows weakening by the second. Vladmir putin going in search of a dance dance partner and finding one in chinas she. Ping. They are getting. Xi xinping. Despite reports of a brief meeting, apparently not a lot of love lost between president obama and putin. Here to discuss all of it, james from wall street journal. Jack how much, Senior Editor at barrons. James frischling of new oak. I will let you go first since youre new to the panel today. What do you think of all that . Small conversation on the sidelines. 15 to 20 minutes one of the representatives said. I can only imagine what went on between putin and obama. That sound like a long time at least for mr. Obama. Obviously what is happening here, both russia and china and especially russia are taking advantage of the perception of american weakness and retrenchment to strengthen their own positions globally. There was bad theater for our president as well. This
Issues. Melissa so many things are going on. Dont discount october 1st. October is when weve seen biggest scaries moves, 1929, 2007, 2008. If you want to bring up 87. Mortal words of ace greenburg, stocks fluctuate. Melissa exactly is what you have to offer here right now, markets fluctuate . The reason it is significant weve been in in era where i think a lot of people in government thinks every setback in the markets is reason for some policy response. I think what is really key here, for the fed, for example, a lot of academic economists, not so many market practitioners relaxer, understand these things happen. Got bad news on manufacturing. Bad news from germany. Makes sense. Melissa go ahead. I think the jobs report is lackluster. We need 300,000 jobs on monthly base tis to get postrecession setup. Melissa do you think this is because of that . I amable to foe what is causing this, i think markets what we all agree on, markets are eli on edge. A lot of people think this should go
Ought to try in january to see if we can find a pathway to get something accomplished. Will the president s executive action poison the well before we even begun . Here our very own david asman. Rob basso, advantage payroll services. Todd schoenberger from land consult capital. Thanks for joining us. What do you think . I think the president is about to violate current law. According to the constitution he is not allowed to do that. Current law does not allow illegals to work in the United States. Apparently what he is about to do on his own, unlike ronald reagan, reagan did the same thing, he didnt. Reagan was following Simpson Mazzoli passed by both houses of congress. Reagan sign the bill which didnt work out to wall. Article 2. Section 8, congress has authority to establish rules of. He is changing the rules. Melissa charles. Prosecutorial melissa prosecutorial prosecutorial discretion and when you know, when he, uses that as a guise that is just a phrase. When he uses that as a gu
Growth, strengthening dollar and inflation could remain below the committees 2 target for quite some time. On wage growth, several participants believe wages didnt fall during high unemployment. Pent up wage deflation could explain modest increases in wages weve seen. They say wages could rise more rapidly Going Forward as the Unemployment Rate continues to decline. Some warn that markets may underestimate the pace and path of rate hikes once they begin. Melissa . Melissa rich, thank you so much. I want to draw attention to the chart we were looking on the screen. Market is up 105 points. We told you it was up 78. That is the s p. It is up as well. This is telling you investors like the news. What theyre hearing in it the fed will wait longer. Lets bring in the pan fell for reaction. Fox business senior correspondent, Charlie Gasparino. We have tom sullivan from fox business and from new oak asset management, Jimmy Frischling is with us. One of the things that stuck out to me, they tal
The same way we treat any other Significant National security threat. That is why we have all hands on deck approach. Melissa go to the panel. Charlie gasparino, senior fox business correspondent, jack hough you recognize him, barrons. And chris hayes. Thanks for all you guys joining us. What do you think about that all hands on deck . Do you buy it . Yes. I dont think this calms the nations fears. Im shared by it. Highly infectious disease. Not uncontagious. It could have a severe, and here is the, it could have a severe Economic Impact if this thing breaking out very few people infected. This is too skimpy on details. Here is what we know. The outbreak is just in west africa. You cant give people questionnaires. They will lie. They have a life or death incentive to get to the United States for treatment. Melissa thats a great point. We cant crack down on flights to west africa, that will restrict aid workers. No it wont. We can get aid workers. We need to restrict flights. Melissa se