Economies Chug Along Despite Rate Hikes; Asian Trade Woes Damp Inflation; Yellen Sees Bank Mergers By Michael Maloney Good day. The world s central banks raced at an extraordinary pace over the past year to cool inflation, but it hasn t proved enou.
ongoing negotiations to get him to give up his nuclear weapons program. a top-tier priority for president trump. in tokyo earlier today, japan s prime minister said his government is doing everything possible to ease tensions with south korea. but so far, their western neighbor is been playing ball. south korea continues actions with damage japan. south korea says it s not the problem and seeing an opportunity to cozy up to the u.s. our government will make efforts to upgrade the south curia-u.s. alliance to another level and make it even stronger rather than leaving it to the common weekend. president trump will come face-to-face with prime minister abe, and tells fox news the south korean trade spat is on their agenda. nearly every nation is now dealing with trade woes of their own. bret: thank you.
bears on the fox business network and with us now. sandra: always good to see you. bill: what are you seeing and hearing and feeling? first of all, if there is a recession, it is not going to be like the last one a great big recession that started with a bang. we have three slow moving train wreaks happening in the world economy. the first one are the trade woes. it is beginning the trade tariffs are beginning to hurt companies worldwide. not just the cost of the tariffs but the supply chains that are being interrupted. it took decades to develop these supply chains around the world. when a u.s. company wants to manufacture in japan or china you have to set up the supply chains. those trains are being broken and it s difficult. there is a global slowdown happening all over. part is because of trade. part is because of brexit, part of it is because france and other countries have been doing the wrong thing. the third slow-moving train wreck is the federal reserve and central ban
now we have this manufactured crisis as it relates to trade. we ll have a bunch of deadlines now. remember the deadline around nafta? now we have one as relates to this trade skirmish. so that clock is ticking. i don t think markets, that s what we have with trade. they certainly don t like deadlines that come right up until the 11th hour. walk us through your take here. because these trade woes, this week, seem to have overshadowed a positive economy. but then i start to look at the yield curve and the fact it is flattening and i wonder, well, the market is different from the economy, what is it telling us? right. the yield curve is obviously telling us there is a recession at some point over the horizon. imagine that picture, a recession, a yield two years after record corporate tax cuts which flush corporate america
and as we think about it, we moved to the next generation. that transformation is as big as anything. and it s will be seen in the wireless industry. huawei said that they provided very little information regarding the charges, not aware of any wrongdoing by ms. meng wanzhou. they believe that the u.s. legal systems will ultimately reach a just conclusion. i am sure that you have gone over this, or you will. what all of this, what does all this potentially mean for the trade negotiations going back and forth there? it has been a whole lot of goodwill coming out of that on december 1st. i.d. that we know that top huawei executive was arrested. charles: thank you. the plot certainly thickens. meanwhile, the dow is down nearly 800 points. parts of those trade woes,