More on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. Do you trust that they are sincere . I do. I think they want to make a deal very badly, i think they very much want to make a deal, and the longer they wait, the harder it is
Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a small loss. Down 40 points. Remember two weeks ago, when the inversion appeared, the dow dropped 8800 points in one day. Now the market shrugs. The dow is going to be off 40, s p maybe four, nasdaq down 17. Marginal fractional losses. Weve got a lot more for you. Boris asks the queen to suspend parliament. And a new poll, how is joe biden doing now . Varney company is about to begin. Stuart all right. Here are the latest results from the quinnipiac latest poll. The democrat field, biden 32 . Warr
Correspondent, john roberts, has more on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. Do you trust that they are sincere . I do. I think they want to make a deal very badly, i think they very much want to make a deal, and the l
More on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. Do you trust that they are sincere . I do. I think they want to make a deal very badly, i think they very much want to make a deal, and the longer they wait, the harder it is
Why they will not do it. Bill dudley has an understandable position. Most of the people in jackson hole are muted. The World Economy is going to a slump and the u. S. May be slowing down as well because of the president straight all of these. The fed is not going to get involved in the politics of making trait decisions. Jay powell on saturday on friday said setting trade policy is the business of congress and the administration, not the fed. Our assignment is to use Monetary Policy to foster our statutory goals, which are maximum employment and stable prices. Kevin despite all of the political snafus around the central bank, confidence declined less than forecast. We are getting new numbers that would suggest consumers are not feeling the recession fears as much as we anticipated. Michael certainly not as much as wall street. What may have happened is companies stopped up a lot ahead of the tariffs imposed and we see that in the inventory numbers. As though start to work down, prices