Of to a good start on this tuesday. Negative atead is 1. 51 . Apparently Phillip Morris and ultra are going to try to get back together and altria are going to try to get back together. Phillip morris is down. Europe, a nice bounce with the stoxx 600 up 6 10 of 1 . The ftse maybe the best ib themer the ftse m best performer for individual indices. Weaker by 6 10nd of 1 . In a Bloomberg Opinion piece today, former new york fed president bill dudley calling President Trumps trade war with china a manufactured disaster in the making. The question for policymakers is e policy mitigate the damage or refuse to play along . Increasing the risk of a stateion, officials could officially that the central bank wont bail out an administration that keeps making bad decisions on trade policy, making it abundantly clear that trump will own the consequent is of his actions. We are joined by Michael Mckee, and it washington, d. C. Come a trade reporter shawn donnan. Michael, this is a very interesting
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the election, the great november 8th day, if you go from novembe
I began to take on the life of being an interviewer even though i have a day job running a private equity firm. How do you define leadership . What is it that makes somebody tick . So you have been doing Value Investing for 36 years. What is a Value Investor . John somebody looking for bargains. We are trying to find stocks selling at a 40 discount what we think their private market value is. We want to make sure it has a low p e ratio, a strong Balance Sheet and has the ability to really withstand the inevitable storms that happen in the stock market. David is Warren Buffett a Value Investor . John he is the greatest Value Investor of all time. Some people talk about whether Michael Jordan is better than lebron james. There is no question when it comes to investing warren is the best ever. David Value Investing is easier done when the markets are down. When the markets are high, there are not as many bargains. What have you been doing the last 10 years because the markets have been hi
Get you back to flat the question is a recession ahead . Ray dalia was on cnbc this morning with some of his odds. Take a listen. Recessions are always inevitable the only question is when. Do you see one coming yeah, i think that in the next two years, lets say prior to the next election, theres probably a 40 chance of a recession. And i think that youre seeing this around the world. You know, big discussion in the last hour, guys, about what is going into some of these recession models, why some of high yield spreads are not confirming them, whether theyre based around the yield spread or more a lot of companies in tech are starting to catch a cold plant materials which i did cover last night as promised the numbers werent that bad they werent far off of what was expected but their memory business is in this memory slump and people seem to get a bit skittish about that we had cisco talking about how the uncertainty is contributing to their cautious guidance the scary music is startin
With us and former president ial candidate Mike Huckabee and chairman of Laffer Associates, art laffer. Weve got an amazing lineup. You dont want to miss it. The top story is china trade. U. S. China negotiations picking up again tomorrow. Robert lighthizer and Steven Mnuchin arriving in china, theyll meet tomorrow with chinas vice premier. Talks this time are around what theyre going to look at Agricultural Products and huawei technologies. Jack, i want to go to you first. A lot of controversy over huawei being included in these talks. Its so interesting, because seven months ago i dont think too few people knew what huawei was in america. Or how to pronounce it. Im still learning. What do you make of the new trade talks with lowered expectations. If youre a stock investor, i think this is a good starting point for you with expectations low. We had past talks where we expected a big, grand deal. I dont expect anyone talking about that now. Theyre talking about Agricultural Products an