Studies, Johns Hopkins university, in d. C. Ambassador edelman has served in senior positions at the department of state and defense as well as the white house. Hes served as u. S. Ambassador to finland and turkey and was Vice President dick cheneys Principal Deputy assistant for National Security affairs. Ambassador edelman has received several awards including a department of defense medal for distinguished public service, a distinguished civilian Service Award from the chairman of the joint chiefs of staff and a president ial distinguished Service Award. Then to my far left, we have general doug lute. General lute has served most recently as the United States permanent representative to the north atlantic council, a position in which he retired in 2017. Previously general lute had a distinguished 35year career in the u. S. Army. He also served for a total of six years in the white house under both president s george w. Bush and barack obama. And in 2007, president bush named him dep
Positions at department of state. He served as u. S. Ambassador to england. And was price he has received several awards. Distinguished civilian service from the chairman of the joint chiefs of chat. To my farleft we have general douglas e. Lute, hes the permanent representative of nato, a position he retired in 2017, previously he had a distinguished 35 year in the u. S. Army. He served for six years in the white house under both president s george w. Bush and obama, in 2007 president bush named him Deputy National security adviser. Then we have professor brett h. Mcgurk, hes at Stanford University before moving to stanford he served as a the Global Coalition to defeat isis. He helped to build and lead and natural coordination. Previously mcgurk served in senior positions in bush and obama administrations,. He is left several diplomatic he led talks with russia over the syria conflict. And finally the panel of discussion will be moderated by this professor, he is Henry Kissinger disti
On fast money we try to make sense of what is going on and more importantly, what you should be doing about it your traders on the desk on this very important night are steve grasso, brian kelly, Karen Finerman and brian adomy let get right to it. Todays market plunge, taking the s p 500 negative for the year all of the gains, theyre gone energy, tech, consumer leading the selloff what are you doing with your money following a day like today guy adami, if anything because somebody a lot of somebodies, were selling i think you have to understand and we talk about this, markets go down a lot faster than they go up i dont think today is all that surprising in the context of what we have been seeing over the last couple of weeks and past couple months to answer your question, what do you do you have to sosht of draw your line in the stand. As much as we the root for selloffs to buy things cheaper, when they come, they never feel the way you want them to feel. Thalz seem scarier try to take
Know so so going into that but the Federal Reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once again in their meeting next week and then again in december when they meet again so people are looking at these expectation of federal the feds cutting their rates 2 more times just this year and thats the most that its happened in decades actually you know unemployment has traditionally been a lagging indicator so president boasting about what a strong labor market this is thats not really saying much at all so meanwhile on the trade front with President Trump theyre set to meet with china next thursday for their 13th on trade talks is there any improvement in their relations well the u. S. Merchandise trade deficit narrowed from july to august according to this new report released today by the u. S. Department of commerce but the china trade deficit looks like it narrowed down in august as exports rose to a fire much high in the u.
Lets take a look at what is happening in asia too. Those markets were closed. Hang seng off by. 1 and the shanghai up about a quarter percent. Youll see at this hour, slight gains across the board italy up three major averages up. 1 to. 2 . The tenyear is yielding 1. 772 . The 30year at 1. 28. We were just talking about all of this. All of those moves made. Pretty confusing to figure out what was happening and why i think there are a lot of people looking at a lot of these small events and does it have bigger implications. In this environment where everyone is feeling uncertain. I think these fractures make more people nervous. Whether this is a bigger issue, i will know this weighs on investors sieky i had a 2007, summer of 2007 bnp scare. There was maybe 2 billion that was frozen, sub prime and there was a freak out. At the time, it didnt feel meaningful this is the first time the fed stepped in the only time they did this was in the middle of a crisis. Thats right. This is a warning