Is quote, possible. China says it is willing to resolve the dispute through calm negotiations. All sounds fairly promising and the market likes it. The dow industrials, huge drop friday, back up maybe 200 points this morning. S p, same story, down friday, back up 18 today, about. 66 . The nasdaq looks like its going up. 75 at the opening bell. Caution. Mr. Trump holds a News Conference which is scheduled for 9 30 eastern time, just as the market opens. We just got word, however, that the president is running a little late. Be advised. It is likely to be a headlinedriven market all over again. Ive got to tell you this. Money is still flowing here. The yield on the tenyear treasury at 1. 53 . It was 1. 44 earlier. The yield on the threeyear treasury 2. 02 . It was 1. 95 earlier. The story here is not this inversion of the yield curve. It is the flight to safety, the safety that america offers. This is going to be a dramatic day for your money. A president ial conference is coming. You cant miss that. Varney company is about to begin. China called last night, our top trade people, and said lets get back to the table so well be getting back to the table. I think they want to do something. Theyve been hurt very badly but they understand this is the right thing to do. This is a very positive development for the world. Reporter you think its possible that talks would advance and you could reach a deal to either delay or cancel the planned tariff increases that you have announced . I think anythings possible. I can say were having very meaningful talks. We could have gotten here without having to go through this process and maybe im wrong, but i think were probably in a stronger position now to do a deal, a fair deal for everybody. Stuart theres the president at the g7 summit, sounding optimistic about a trade deal with china. Now, we are going to hear more from him live this morning. Not sure of the exact time but its coming up shortly. Check futures. Up about 200 points for the dow industrials. Its going to be a rock and roll week for stocks, i believe. Just like last week. Joining us, market watcher Dennis Gartman. I think this is going to be a headlinedriven market. We will be up and down all day long. I dont want to predict where we close. What about you . I dont want to predict where we close. I dont want to predict where we are going to be on the opening. I dont want to predict where we will be at noon. Its amazing, stuart, that from friday morning at one point last night we were down 1,000 dow points from friday mornings opening. Just astonishing what we are going through. It makes it difficult to be an investor, even more difficult to be a trader because no matter what you do, you are going to be proven wrong probably in a half an hour and proven right an hour later. Just an amazing period of time. I have been at this 45 years and i dont recall having seen a period when we have seen this sort of volatility. Stuart lets look for some stability and certainly a safe haven. The price of gold holding pretty steady, well above 1500 an ounce. Dennis, we know you like investments that hurt when you drop them on your foot so im guessing gold qualifies and that you like gold at this moment in time. Correct . I have liked it for the last four or five years. I have really liked it for the last four or five months. Ive liked it a lot more for the last four or five days. I think we got a little sporty to the upside last night when we traded, what, 1265 for just a few instances. We are trading back down to around 1230 right now. Yes, i do like gold. I think you need to own gold because i think the monetary authorities around the world, whether its the ecb, the bank of china, the bank of japan or even the Federal Reserve bank, all are going to err upon the side of monetary stimulus and given those circumstances, i think you want to err upon the side of earning gold. Stuart how do i buy gold . If i want to invest in it, want the safe haven, i think its going to go up, do i buy gold coins . Gold bullion . Gold mining stocks . The etf, gld . What do i buy . Yes. The answer is yes. Stuart all of them . You buy all four of them. I think the easiest and best way is to buy the etfs. The gold bugs, im not a gold bug, i dont believe the world is coming to an end and i dont believe gold is the beall and endall. There are times to own gold, times not to own much at all. The gold bugs think you should always own half of your portfolio in gold at all times. Im not one of those. They will argue when i say the most efficient way is to own either gold mining stocks or the gold etf gld, or cef, the canadian gold etf. The etfs are the easiest, best and most liquid way for the public to gain exposure to the gold market. Thats my, that would be my recommendation. Stuart attention viewers, attention investors, gold is Dennis Gartmans largest single investment in his personal portfolio. I think i got that right. That true . Yeah, thats absolutely true. I own a lot of bonds and a lot of gold. They do seem to be antithetical but they have been doing a good job. Stuart Dennis Gartman on monday morning, thank you. See you again real soon. Now, President Trump, heres an opinion on my part. I think hes flatout dominated the g7 meeting in france. Hes not real happy about the way the media has been covering him. We have had a very successful g7. Very friendly. Very friendly. Opposite of what you reported. You had a report where i was in the plane, i hadnt even landed yet and you said i was in a dispute. I said thats tough, i havent landed yet. That was your predisposition. But it has been great unity, really. Its been flawless in that sense. We had a lot of fake news but theyre saying oh, theres no unity, theres no unity. Stuart okay. Fox news contributor Jason Chaffetz joins us now. Plain and simple, this president is making all the news. Seems to me from a Strategic Point of view, hes lining up allies on trade to go against china which is the rogue trade state. What do you say . Yeah, i do think it puts pressure on china, when you announce the deal with japan, you show strength potentially with germany, nobody closer than the brits. What gets lost in all this and we forget about is this usmca, the deal with mexico and canada, two of our biggest trading partners, pressure on the democrats to bring that up and vote on it but that was pretty much in the can, and you know, when Donald Trump Took Office all the talk was about this Transpacific Partnership and you have to do it or china will do it. Now here we are, you know, two plus years later, donald trump is proving true in doing these individual Bilateral Agreements and its really paying off. Stuart we got a deal with japan, talking with germany on car tariffs, a deal with the brits after brexit, the usmca should go through, if nancy pelosi submits it to a vote at some point. Thats a lot of progress on trade. The one outstanding thing is china. I think hes making progress here. He has, and hes shown that hes willing to take the heat at home, hes willing to take the fight. I think the chinese are starting to understand they cant keep racheting this up, and what the president is simply asking for is to be fair. Dont cheat our american companies, dont steal their intellectual property and dont charge these tariffs on us, just create some fair, balanced trade and we can be some of the greatest partners that the world has ever seen. Stuart im sure you have seen what went on in hong kong over the weekend. More violent protests over there. A Police Officer fired off a warning shot to scare off protesters. By the way, they have scheduled a general strike for next monday. This is emerging as a huge problem for xi jinping. I dont know how he handles it vis a vis the trade talks with donald trump. What do you say . It is a tinderbox over there. You want there to be a resolution, but this has gone on for more than weeks now. We are starting to look at months here. I dont know how the chinese deal with this. But it is another thorn in the side of the chinese leader, whos got issues there. Then you also have to add on to that, you know, potentially the trade, the sale of our military aircraft to taiwan. So it will be interesting to see how it plays out but its a volatile situation there in hong kong. Stuart jason, thank you very much indeed. Looking at that video again, that looks to me those are guns with live ammunition loaded and one shot was fired. Those are guns pointed at the protesters. That is a new development. Ashley thats an escalation. Stuart sure is. Sure is. Look at this. Dow industrials going to open up about 240 points for the dow industrials and premarket, you look at those big techs, facebook, amazon, apple, alphabet, microsoft, all on the upside better than 1 apiece. These are tradesensitive stocks. The chip makers are all up on this relatively positive news out of china. Im not going to go through them for you but the premarket chip makers, all of them up 1 to 2 . The price of oil, that depends largely on the value of the dollar which is not that much changed but the oil is up 1. 4 , 54 a barrel, almost 55. Heres what interests me. The price of gas. We are at 2. 59, that is the National Average for regular and falling fast. Futures again up, what, 230 points for the dow, 60 points for the nasdaq. Take a quick look at Johnson Johnson. Again, this is premarket. Oklahoma wants 17 billion from the opioid makers for the epidemic in that state. A judge will issue a ruling today. A ruling against j j could mean big payouts in similar cases across the country. Thats Johnson Johnson. President trump, as i said, dominating the headlines at g7. Climate change and iran, hardly mentioned certainly by our president. Mr. Trump actually skipped a meeting on Climate Change. Im going to tell you all about that. And we are waiting for the president s big News Conference. You dont want to miss that. It will surely move the market. Varney company just getting started. If your gums bleed when you brush, you may have gingivitis. And the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Stuart Johnson Johnson is a dow component. Ash, theres an opioid verdict coming down . Ashley this afternoon, 4 00 eastern. This is a biggy. Could be a landmark decision. The state of oklahoma taking Johnson Johnson to court and this is what they claim that Johnson Johnson has done, creating a public nuisance thats cost the state billions of dollars and destroyed thousands of lives with its opioid. The state wants 17. 2 billion to be spread out over a 30year plan. So that could be the verdict. Well see. It all depends on whether the judge agrees on this particular strategy of a public nuisance. Johnson johnson says its ridiculous, they call this case without merit, but lets not forget there were two other Drug Companies that were in this lawsuit. Purdue pharma settled for 270 million. Teva pharmaceuticals settled for consi 75 million. But Johnson Johnson says we believe we have done nothing wrong and are not going to settle. The state of oklahoma says for every adult in cleveland county, which is norman, oklahoma, each adult has 135 prescriptions for opioids. Thats the number of prescriptions given out. Stuart i smell trouble. Ashley well see how it turns out. Stuart we dont know what the verdict will be. Thanks, ash. You cant get away from the g7 meeting. Im not trying to. We are going back to it. President trump really dominated the headlines. Thats my opinion. Ian murray joins us from the competitive enterprise institute. Looks to me, again, im big on opinion, frankly, looks to me like mr. Trump is lining up trading partners to go and isolate china, the rogue trading state. How does it seem to you . I think thats exactly right. This isnt your grandfathers g7 anymore. Even your fathers g7. Previously, g7 meetings were all about people sitting around and nodding at each other, then issuing a communique full of bromides. The president turned this into a useful series of working meetings, bilateral meetings with the leaders who really matter, and it looks like his agenda has won through at the moment. Stuart i want to talk to you about Boris Johnson. Hes met oneonone with President Trump, you can see it right there. I think the president , i think Boris Johnson needs President Trump for a trade deal after brexit and it looks to me like President Trump is going to oblige. Looks pretty good for the brits right now. It really does. Boris johnson was has always got on well with the president so its a real benefit for britain to have him as Prime Minister now. I think what boris was talking about in the dual meeting they had, he called out a lot of regulatory restrictions that the u. S. Imposes on british exports. Thats why you cant buy a good british pork pie in america because of regulatory restrictions. I think theres a good chance the president and Prime Minister johnson will get together and produce a new form of trade deal thats based around mutual recognition rather than the harmonization we tend to see in other trade deals. Stuart i have to ask you about how the brits feel about President Trump. Are they okay with a trade deal with President Trump . Are they okay with Boris Johnson getting real close to him . I think theres something called project fear has been running in britain ever since the brexit vote was announced, and part of that fear is fear of american agricultural products. The big issue thats dominating the idea of trade with the u. S. Is that chlorinated chicken might be introduced into uk markets. Now, whenever you talk to a brit whos been over in america, you ask them if they ever died of chlorinated chicken, they tend to say no, no, i survived. But theres a lot of fearmongering going on about american agricultural products. Hopefully a mutual recognition deal will help to alleviate those fears. Stuart then again, ian, very few americans have ever eaten a pork pie. Maybe it should stay that way. I dont know. Im just being pejorative. Thank you for joining us. Im sure you will be back with more news on brexit and boris. Good to see you. Thanks very much. Futures show that we are going to be up, way up. Of course, it will not knock out last fridays drop but we are going to be up about 200 for the dow which opens in 11 minutes. Its going to be a headlinedriven market with the china trade war, the main focus for investors. So how does this standoff play politically . I repeat, politically, in a 2020 election . We will try to sort that out for you. We are waiting for the president and that joint News Conference with Emmanuel Macron. It will probably move the market and you will see it, guaranteed. Hey, who are you . Oh, hey jeff, im a car thief. What . im here to steal your car because, well, thats my job. What . What . . What . laughing what . . What . what . [crash] what . haha, it happens. And if youve got cutrate car insurance, paying for this could feel like getting robbed twice. So get allstate. And be better protected from mayhem. Like me. 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Look, whats not to like about vermont in terms of the beauty of it and what a neat town. I mean, this is sort of a scenic, beautiful town. Ashley vermont is beautiful and scenic but he was again in keane, New Hampshire. You can see the reporters faces. Stuart its not a huge mistake. Ashley other candidates do it as well. Beto orourke did it just recently. Stuart but its another mi