Listening to him say i dont watch the stock market seems fanciful given that he tends to be firmer on his trade rhetoric when the market is close to alltime highs when he frames things these way i wait for the moment he stands up in an arena like alabama and says all those Treasury Bonds the chinese hold, how did they get it . They stole it. Thats where hes headed if hes around another four years, thats where its headed. Youve raised that point before it seems a natural conclusion and it would be totally in character. Not paying you back. Threatening not to pay back totally, right . Treasury. Remember this conversation because when he says it in front of one of his crowds, theyll cheer. Theyll cheer. Markets wont no, they wont. Brings up the mindset of President Trump where he looks at the stock market at record highs and says we can afford Something Like this today because were doing well thanks. Congratulations on paper back. Michael lewis. Good Tuesday Morning welcome to squawk alle
Sign it at the economic summit in july. That was postponed indefinite in chile. That was postponed indefinitely due to the protest. Then President Trump circulating they would sign that agreement in iowa or alaska or somewhere in china. Reuters reporting that they might have to wait until december. David is not just the december 15 tariffs. Yesterday the reports there might they might roll back the september ones. I wonder if it is scheduling problems or there is more to be done . Kevin i have talked with several sources working with the white house in terms of negotiating with the chinese, and what they indicated is this has been an incredibly volatile negotiation, to put it mildly. In addition to key aspects related to access to Financial Service industries in china, agricultural purchases have been on the negotiating table, with china saying they would be open to purchasing more Agricultural Products from the u. S. Lets not lose sight of the more contentious issues, including intell
Shortly after takeoff. All 189 people aboard perished. Five months later, Ethiopian Air trio to departed out of ethiopia. Just like lie in flight 610, Ethiopian Airlines flight rio to experienced problems shortly after takeoff and crashed. All 157 persons on board died. Both of these accidents were entirely preventable. We cannot fathom the pain experienced by the families of those 346 human beings who were lost. Family members are here today and we appreciate their ascendance. I appreciate many of them meeting with membersrs of the committee over time. As chairman ofma this committeei promise their loved ones that we are working to obtain a full answer as to how to prevent future tragedies. These families deserve answers, accountability and action. And the public deserves no less. The type of aircraft involved in both accidents is a 737 max eight manufactured by boeing. Safety regulators began grounding the max the day after the ethiopian crash. On march 13, federal Aviation Administr
Could present a danger to the community. Two of epsteins accusers, asked the judge not to release epstein on bail. One saying she was 14 years old when epstein abused her in palm beach. Was a very dark time of my life but i just hope that basically he gets what prosecuted the way he should have been. Epsteins defense attorney argued if he wanted to flee he already would have and hes disciplined himself his conviction in 2008 telling the judge its not like hes an out of control rapist to which the judge replied, how do you know that. So epstein wants to stay in his 77 million townhouse how would that work. Ultimately will be up to the judge but legal team says he will pay for armed guards for surveillance cameras and ankle monitor to prevent fleeing. To complicate it for the judge more women have come forward since epsteins arrest more than a week ago but the judge will decide on bail this thursday. Okay. Thank you. Protesters in san juan demand their governor step down after using prof
Even if today was a dow. S p inching down 1. 3 . Nasdaq climbing 4. 2 the fed is supposed to cut rates when the economy is in trouble, right . How can the economy be in trouble if the s p 500 briefly made an alltime high . I hear a lot saying this but its based on the serious misapprehension usually bring people who dont understand the stock market itself because it is a market of stocks. Its no longer a good gain the indices arent a good gauge to the economy the recent rally tells us lots of companies are doing well. Some are doing well because of lower Interest Rates than the treasury market. Some are doing well. Theres been some fast growing tech stocks that have not been constrained and farm well, farm and fast growing tech tend to thrive in a weak economy. More importantly i think were looking at this backwards. The market roared to these levels because wall street thinks there is going to be a rate cut it would be much lower in jay powell told us it was still on the table that th