round after that you are hitting, you know, toys, et cetera. this is where the rubber hits the road. this is where the rubber hits the flat screen tvs in december and in september it s going to be the sneakers, the jeans, et cetera. the american consumer is keeping the global economy afloat right now. this is the last thing that you want to do. and, frankly, he s laying out a path to destruction. the thing that also worries me is that chairman powell seems to be internalizing some of what trump is saying. he was talking about the feds responsibility to keep the expansion going. that s like the governor of florida saying that hurricane season is canceled, you know? recessions happen. they re cyclical. trump may have gotten a maybe he had some bad luck. but he s turning that bad luck into disaster with this trade situation. at the top of the show i was saying that this is a lose-lose situation, that those aren t actually my words. they re actually your words. you said this to me last
is that chairman powell seems to be internalizing some of what trump is saying. he was talking about the feds responsibility to keep the expansion going. that s like the governor of florida saying that hurricane season is canceled, you know? recessions happen. they re cyclical. trump may have gotten a maybe he had some bad luck. but he s turning that bad luck into disaster with this trade situation. at the top of the show i was saying that this is a lose-lose situation, that those aren t actually my words. they re actually your words. you said this to me last week. you said this is the worst kind of war because everybody is losing on every front. we will not get the soy bean contracts back that we had with china because they are now getting that soy bean from brazil. the lobsters, they are getting from canada now. we will never get it 100% back. the chinese are suffering more than we are. there is no articulating view of
commodities market. especially soy bean contracts. soy beans are the u.s. s largest agricultural export. this morning the president made a specific reference to it on his twitter account. he was quoting an article that bloomberg who. president trump tweeting he said prepare to restart imports of u.s. soy beans and liquefied natural gas. many states that raise soy beans voted for trump. china hands say the choice of china putting tariffs on soy beans was strategic. once a wrinkle, china started buying soy beans from brazil. which means china can hold off