about enough, the fact we have 360 billion in tariffs in place right now, two years ago, we were promised it would crash the economy, inflation would go through the roof. every expert was wrong, all the experts said it will destroy the economy, here we are in an amazing period of economic growth. record highs, charles. look at s&p earnings, not getting hit that hard. earnings over the last quarter, down a couple percent and ratcheted down further. to your point about tariffs, get the trade deal monicaa talked about, tariffs will pop off f. china follows through on ip enforcement, we could pull back tariffs and see earnings in the s&p. charles: saturday president trump called into fox and friends he opined it is not about equality. china has been getting over on america for a long time and we re going to fix that. a year ago, china would have come back with more bluster.
sooner. i think both feds were looking forward to win hearts and minds of hong kong and i think they are spoken and you know whose sides they are on. charles: one reason it hasn t ended sooner was u.s.-china trade talks. the world is watching and so is president trump and beijing understands only so far they can go. how does this change the narrative? susan: tough balance for president trump right now, he s trying to sign this all-inclusive trade market, which will help the markets and the economy. there has been unanimous vote in congress, both houses to help hong kong with the hong kong democracy act. if you have the bill sitting on your desk in the white house, do you go with and side with the trade deal or help the people of hong kong calling for this? charles: if he gets the right trade deal, might be able to help hong kong. we have less than a minute. it is heartbreaking to be the deal that was struck when the british left, means ultimately
or gain and harvesting w. respect to next quarter, we get into, couple months away from the next earnings season, could come in better than expected if the trade deal starts to work itself out. charles: you talk about being self-sustaining, all-time record on unemployment, wages surging, i believe over 4% next year, gdp over 3%. if we have that, how much further could we go? could we be talking down 33,000, dow 34,000? not next year. okay. yeah. that is only 10 or 15% rally from here. you might be right. just the number sounds so high, charles, i cannot wrap my head around it. the market is stable enough, you are seeing megamergers, so many announced today with schwab and tiffany s, there is stability and we re the best game in the world. look at europe, it is very stagnant when people think about investment, they think about the u.s. with all the conflict we