also big headline this is week about china/u.s. trade, a trade delegation coming to washington. will there be any progress? the president seeming to underplay that so there is talk about trade, the dollar, currency manipulation and the fed and the commander in chief. and i ll look at markets, we ll be right back. let s begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it s time for power e trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let s do some card twirling twirling cards
with each other about who they are. katie: i want to make a quick point about the money. money is not everything as we know. but because the r.n.c. is having to defend seats that maybe they weren t planning on like in ohio as we saw recently, having a ton of extra cash on hand will be important for them. melissa: yeah. the u.s. trade representative offices opening a round of hearings today on the trump administration proposed $200 billion worth of tariffs on chinese products imported to the u.s. the hearings come just as china s trade delegation is due back in washington this week to resume talks after impasse earlier this summer. ahead of another round of tariffs that are scheduled to kick in on thursday. thissaz the u.s. tariffs are said to hurt china s economy. a reason that chinese may be coming back to the negotiating table. here is white house economic adviser larry kudlow at last week s cabinet meeting. their economy is just
certainly has. and we ve had so many different trade delegations and meetings, in one particular case the trade delegation from china actually was brought into the oval office, and the vice minister of china was brought for direct negotiations with the president. so these do go to the highest levels. i m sure there are back channels that are going back and forth. and it s very sad to have larry kudlow in the hospital or recovering at home at this time because he was also very, very directly involved in these negotiations. and he was said to have a good relationship with the chinese given his, given his predilection for free trade. jon: yeah. and given the chinese relationship with north korea, i mean, they re about the only ones who have a relationship with north korea, and the president coming off of this very important and, in his words, his view, successful summit, perhaps the chinese are feeling they have a little extra room to flex their muscle right now? i think both sides fe
good to see you both. hi. lynnette, you first. he is proposing there are two potential ways in which it would go. how smart is it to post it that way? seems like the negotiators in nafta are running circumstanlesd our guys. and, you know, i think that the president and his staff are not dealing with the new reality. even just looking at the size of global economies now, the g7 used to be 50% of the global economy back in 1980. now it s 30%. globalization has made countries that used to be much smaller than the united states, countries that we used to be able to push around very strong, especially mexico s trade delegation is very, very smart. and i think that what we re coming to realize is that this is a little bit more difficult than mr. trump had thought that it would be. we are not in the 1980s anymore. the united states does not have the leverage that it used to have. i would like to make an
strategist steve bannon. he explained why he didn t think the u.s. was trying to go it alone around the world. have a listen. what he s doing, whether it s in the northwest with japan or korea, right, he s engaging his allies to say look, this has to work for america overall. so korea, i m going to renegotiate our trade deal. at the same time, we talked about the security lines. at the same time we talk about the thad system. at the same time we talk about you paying for the thaad system. by the way, it s the foreign policy community that has bifurcated this. donald trump has looked at this as a very practical businessman and saying you can t bifurcate these, these are inextricably linked. the first thing the community says about him is he s an isolationist, he wants america to go it alone. that s the exact opposite. so the white house has con firmed wilbur ross is heading a trade delegation to china.