economist at oxford says, quote, we believe q2 will represent a growth boost as global growth moderates, inflation rises, the fed tightens monetary policy, and trade protectionism looms over the economy. it is possible he sees something that the president is missing? you know, one of the things i ve discovered since the last two and a half years that i ve worked with donald trump on economic policy is he has this amazing capacity to prove all of these economists wrong. i remember during the campaign when he said we could grow 3, 4, 5%. and almost the entire economic faculty of harvard and yale and people like larry summers said it s impossible. remember they said stuff like secular stagnation. the economy can t grow faster than 2. look, there is no reason we can t get two, three, four, five years of 4% growth. it is true, by the way, erin, there are a couple of dark clouds on the horizon. one of them a trade war that would certainly hurt the american economy.
s that escalates it becomes a much bigger deal, china says it will retaliate. we re getting to the point, stephanie, where there may be more tariffs than there are goods and services exchanged between the two countries. that sets the stage for unprecedented action that could lead to not only markets having trouble but the global economy suffering as well. there you go. market down 129. tell me, who thinks this is a good idea? whether you re talking warren buffett or paul tudor jones, big-time investors said i m not worried about this. it sounded like the investor community felt this was a game of chicken. i reject that idea and this is again we spoke about this a couple of weeks ago. this is bannonism, trade protectionism, weakening multilateral institutions, world trade organization, nato, united
human element of more border patrol. you can t build a wall or a fence everywhere. the president has talked about that. so just to kind of look at the pictures. at the same time, the president is landing with a dual message. one that he wins on. economy at fox con, a facility breaking ground and creating more jobs. what is the news being made today on economy with that message and the president versus politically where the democrats are? well, the president has a fast growing economy. the economy has been doing well. he wants to make sure that the republicans enter the mid-term elections which are not that far away with a strong economy which. but he also has a battle on this. ever since sort of mid-january when he started talking about trade protectionism, tariffs, et cetera, the stock market has been wobbly and it s down for the year. or just about even, slightly
manafort allegedly attempted to persuade could be called to testify. prosecutors want the manafort bail revoked or modified. friday morning. right now, global stocks mixed. another great day for tech. s&p 500 closed up, but bank stocks weighed down the 30. christine legarde says tax cuts are ballooning the deficit. trade protectionism is hurting the u.s. economy and global economy. the chinese now vow to respond in-kind to the u.s. tariffs. assigning blame for the opioid epidemic. kentucky is suing walgreens claiming they filled huge orders and did not report it to authorities. walgreens declined to comment. this not first court case aimed
isolationism, trade protectionism and a pullback from our global sphere of influence. these are the things that happen in the 1930s that allow for greater fractionalization of the world. it led to not only trade wars potentiallyg wars. i don t think this agreement reduces risk in any way, shape or fo, as china militarizes in the far east. so then let s go back. if that s what history tells us, and president trump s current advisers might not be aware of that. where s the gop? bob? where are other government leaders who understand history and understand consequences? the gop is silent and who s the man standing next to trump? whether anytiin cada or singapo? you ve got john bolton. so help me understand what the rest of the party s thinking. well, how about both parties? ah, there you go. the president of the united states just went to an unscripted summit with north korea. unilaterally gave away american exercises. now undermining these sanctions.