Back now according to the i. M. F. Using purchasing power parity china is already 25 percent larger economy than the United States and cons of course you live there for 20 years what did you see here youre in brooklyn as you can hear around us were across the river from manhattan and youre seeing a construction boom here by u. S. Standards but put this into context of our competitor nation as trump calls thats whats going on there component here china has a distribution economically of course and sort of were right the economy in brooklyn where were going to be different than little rock arkansas trying to do they passed us on a p. P. P. Basis on the g. D. P. Back in 2016 so its been a few years already the way i like to look at it too if you just step back and look at it from an economic standpoint they make their shoes and they make our shoes they make their t. V. s and they make our t. V. s they make their car parts and they make our car parts so i think their economy the way we est
Standards but put this into context of our competitor nation as trump calls thats whats going on there component here china has a distribution economically of course and sort of were right the economy in brooklyn where were going to be different than little rock arkansas trying to do they passed us on a p. P. P. Basis on the g. D. P. Back in 2016 so its been a few years already the way i like to look at it too if you just step back and look at it from an economic standpoint they make their shoes and they make our shoes they make their t. V. s and they make our t. V. s they make their car parts and they make our car parts so i think their economy the way we estimate it is that is their economy is absolutely you know massive you go any city in china they basically have new airports new roads New Buildings new schools so theres been a massive economic boom that probably is going to be difficult to keep up and you know what i personally believe chinas g. D. P. The last few years is much mu
A number of studies suggesting that you know our Manufacturing Sector has been devastated by the manufacturing as a percentage of g. D. P. Is at its lowest point in 72 years so this idea that we retain the software but we all share the manufacturing thats going to be great for both sides when when its been a win win for china and its been a lose lose for the u. S. Right im like i have a quote from biden here one of the candidates of course who say quote chinas going to eat our lunch come on man yeah he has been doing particularly well in the polls and i think part of the reason for that is because he still uses a playbook thats about 20 years out of date politically and economically of course he was part of a government swim bill clinton that the great democrats shipped our jobs overseas and it is interesting that weve come full circle that robert light hisor who was almost the lone voice in the neo liberal American Economic and political system back in the late ninetys he said in a pi
To front running 2020 with a max keiser and Stacy Herbert as we look ahead to the 2020 lecture looking at all the policies and. Today we have to take a deep dive in to china and china is it forcing us into a sputnik moment now of course donald trump ran in 2016 on make America Great again and part of that is now a clash with china joining us to discuss this issue is dan collins and marshall our back now according to the i. M. F. Using purchasing power parity china is already 25 percent larger economy than the United States and cons of course you live there for 20 years what did you see here youre in brooklyn as you can hear around us were across the river from manhattan and youre seeing a construction boom here by u. S. Standards but put this into context of our competitor nation as trump calls thats whats going on there component here china has a distribution economically of course and sort of were right the economy in brooklyn where were at is going to be different than little rock a
Good friday morning. Welcome to squawk alley with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously watching these markets here dow is down 331 after yesterday, deep in the red. The dow, the s p, and the nasdaq are all on pace for their worst week of 2019 tech names getting hit pretty hard, apple, alphabet, facebook, intel all down around 2 , guys this is a period in which trade concerns might result in selling thats a little more indiscriminate than weve seen in recent months and among the tech names, a look at cisco thats down closer to 4 . Some other cloud names not doing so well. You see, dell is down more than that you know, Network Appliance well, that one has its own issues but certainly, hp down 5. 5 a lot of these trade issues rippling through not just the names that have higher valuations or have high flyers, but some of these core enterprise tech names, vm is another onedown almost 8 in this trade if you look at all the major averages, were now