It is difficult to make a call on a possible recession was given the overall strength of the us economy, it is to see a slide in that direction. All that said we have to be honest about possible economic head wents. We consider some of the things we saw last week. And, and there will position to post the deal on china. No other president before him has demanded it. Others allow china to freely loot the us economy 500 billion a year, not million, billion with would be, we have made it clear that the best of american jobs and american wealth is over. That was certainly an applause line. The unrest in hong kong that and well and is random and continued missile testing from north korea, uncertainty over the hard brexit, all of that continues to roil global markets, the white house remains utterly convinced that right now the us is in the most incredible position from a global perspective to keep a stronger economy not just now but into the 2020 election cycle and beyond. Dont forget this w
President is wrapping up his vacation. Sarah, you just wind of this reporting and cnn has a copy of a memo authenticates this. Explain whats at issue here. Reporter President Trump traveled to this plant on tuesday to deliver an official speech and workers there were told that they technically did not have to attend the event, but if they didnt, they would either have to use a paid time off day, pto day, or they would have to take a day with no pay and if they didnt attend the event, they wouldnt be eligible for all of their overtime pay for the week, they wouldnt meet the overtime threshold. Some workers were also instructed not to protest the president or do anything at that event that could be interpreted as resistance. This was an official white house event. It was not supposed to be a campaign event, it was taxpayer funded, supposed to be about promoting u. S. Energy dominance, but President Trump did take the opportunity to promote some of his Campaign High notes, including by im
And they are fleeing these risky as assets and fleeing stocks and looking for cover in other parts of the market like the bond market and that is causing the phenomenon you just described which is the inverted field and which means it cost more for a borrower to borrow over a shorter amount of time and if you take a look at this chart, recessions have followed each time weve had an inverted yield curve. This is very troubling to the market. It is this rush to safety that has investors particularly concerned and, by the way, investors also digesting the fact that the dealmaker in chief may not be able to get to a deal with china. That is put up paralysis on business from the ceo of a Multinational Corporation down to the iowa farmer. They cannot make decisions without knowing where this trade war is going and they dont know where that is right now, jake. Christina learna at the new york stock exchange. I want to bring in Global Economic analyst ranna fara and ron from moodys analytics.
Campaign of denial and deflection and scapegoating. This is not the way we say it. And of course, its nice to have the Mainstream Media covering the economy but only cover it when they can use sesames word of the day, recession. Grover is my favorite longtim resident of sesame street. Hes furry and blue and what is not to like . Hes not an economist. This is morgan stanley. Opt for 25 on the balance 300 billion of imports from china and stay there four to six months time and china does take Counter Measures similar to overnight then we will see Global Economy entering into recession in three quarters time, nine months time. He was focused as apparently the white house may be on a number of policies and Economic Indicators that could signal trouble ahead. Trade war and bond prices slowing investment. Thankfully, none of those indicators guarantee a recession and not every economists sees the same degree of danger. But few are dismissing it but members of the administration publicly that
Comrata and john berman. Good morning, everyone. Welcome to your new day. It is wednesday, august 14th, 8 00 now in the east. And a sign the gun violence epidemic may be having an impact. Cnn has learned that early stage talks are under way between the white house aides and staffers for several key senators over legislation that would expand background checks. But cnn sources are skeptical. So far only one republican senator pat toomey is involved with these discussions. The President Trump claims Senate Majority leader mcconnell supports the measure. The white house aides are expected to update president tru trump. Meanwhile we have breaking economic news. U. S. Stock futures are down and they are down sharply. Why . There are new real recession fears. Now, follow this. On tuesday President Trump backtracked on his promise to raise tariffs on china. He delayed some of these tariffs until after the christmas season. The president acknowledged for the first time the tariffs do have an i