they re not going to give an inch in september. so we re not out of the woods. i want folks to narrow their focus as far as investment goes. i want them to understand where they could go in either direction and do their best to manage this risk. neil: all right. when you talk about the risk, it s trade related. when firms come out and say there s a possibility we don t have a trade deal done by the election, then what? if we get pasted october and no progress, we re going to november. not november of 2019. at that point the chinese say they can t deal with president trump and hope somebody we places him. if he wins re-election, which they are praying doesn t happen on the chinese side, then they have to me gaucnegotiate in ear. neil: the federal reserve is expected to cut rates two more
state sponsor of terrorism. they were once, until 2008, on that list. now they are back on it. but these treasury sanctions he said might move the kneeling. that s right. president trump also tried to prepare everybody for some strong action. said at the end of the next few weeks this administration will have imposed the highest level of sanctions to date on north korea and that this is all part of a maximum pressure campaign. right. so today s move is certainly important. and it is a good move. it s in the right direction. treasury today imposed sanctions on 13 entities and a number of vessels and one individual. those include chinese trading companies. a number of vessels in north korea s shipping sector and some companies as well. and then interestingly, an entity that handles north korean overseas labor. and so where you are going to see the real effect is obviously north korea as trade, trade related the trade they did with these chinese companies in particular. that is ob