Maybe that the cut in Interest Rates come up. I said today he must make it clear that the next fed move is unambiguous. I think wall street wants it to be a rate cut. All that and so much more on making money. Deputy trade talks with china are underway as we speak. Clearing way for higher level discussions on thursday. This amid disarray between the two sides. U. S. Blacklisting 28 more companies and Companies Finding them in vise grip over the negative hong kong protests. Head of white house trade and manufacturing director, Peter Navarro. Peter, wall street sees, we have so much good will building up. China buying soybeans. Paypal makes a big acquisition. Both sides making nice. This morning or overnight were hit with levy of new tariffs or blacklisting in this case on companies over human rights violations. Does this suggest that human rights and maybe even hong kong will now be a pivotal part of negotiations . Good afternoon, charles. By the way, lets be bullish for the next ten minutes. Charles make us bullish, peter, make us bullish. We do have the opportunity this week to sit down with the chinese side to see if we can come up with a big deal that will address what i have called the seven deadly structural sins. You know what they are. So lets be bullish. With respect to the action taken yesterday by President Trump, that is totally unrelated to the trade negotiations. It was an initiative that came out of the department of commerce led by secretary ross, with the coordination of the state department and it addresses, charles, what the state department is called one of the worst human rights abuses that weve seen in the last century. Basically you have a couple Million People in concentration camps so charles let me jump in here. That is separate matter with the trade negotiations. Charles may be separate with respect to the administration. Certainly the timing is curious. I dont know that china will consider it a sensitive issue considering how sensitive they are to any claims of human rights abuses in their country or hong kong . That is up to the chinese to charles but you guys knew that. You know they will feel this way, peter. Listen, by the way, i dont have a problem with it, i really dont. Sure. Charles i know President Trump believes in maximum pressure. He is not working by anyones playbook. This is confounding the experts. Im cool with that, at least the administration knew this would put more pressure on china. Are you guys okay with this. This action is unrelated to the trade talks. What this administration has done on a number of fronts throughout the course of this administration is to just move things through process. That was done and ready to go this week and it was announced. I think it is an important statement but it is not part of these trade talks. Simple as that. Charles yesterday President Trump said my inclination is to get a big deal. Weve come this far. By saying that though, the way i interpreted it peter, we could get a smaller, mini deal. This is something i know not necessarily what President Trump wants. Feels like he is more receptive to it. Am i reading that right . I think youre reading that wrong. I think the president was clear and has been clear, he wants a big deal. The deal is with the seven structural issues. Remember, charles, the pivotal event in these negotiations was the day we had 150 page agreement based on the seven deadly structures. Charles right. And theyre worth going over briefly. Charles we dont have enough time, peter. So heres the point. Heres the point. These are the kinds of structural issues that the president wants addressed. I think he has been Crystal Clear he wants a big deal. Of course he is willing to listen. That is what the president does but he has been very Crystal Clear that a big deal with the structural issues is very important to the American People. Remember he is standing up for the American People. Charles im with you on that. Were in the same side with respect to that but what were trying to figure out here and were trying to handicap considering the dow was off over 300 point on this anxiety what we might see on friday. Before i let you go is there a chance that the october 15 and december 15th tariffs in the queue could be pushed back next year . Here is my advice, charles. People are trying to make money on the short term movements and imperfect information. The lighthizer rule we work out things behind closed doors. Navarro rule is anything that comes out of press is charles we have you on my friend. Youre not anonymous source. Give me something. Im working with the president sounds like he wants to get there. He is more ready to get there. Of course he wants a deal but not any different from the days back to maralago. He wants a great deal for the American People and he has been look, this is a man of steely resolve on this issue. He is standing up to china. You know, look, investors need to relax for a couple days and see what happens. Charles all right. Rather than get fidget at this to trade around the margins. Charles answer one of my questions they might relax a little bit more, peter. A little bit more. Remember the lighthizer rule we dont in public. Weve done this movie before. Charles is there a chance the terrorist could be pushed out. I think they could be. Well see. Another 72 hours. You answered your own question. Charles thanks, buddy, i will see you soon. Take care. Charles china will not be broadcasting any nba games, including contests played there, after nba commissioner adam silver refused to condemn houston rocket as general manager daryl moreys tweet on hong kong. Take a listen. I understand there are consequences of that exercise of in essence his freedom of speech and you know, we will have to live with those consequences. We are not apologizing for darryl exercising his freedom of expression. Charles everyone is wondering, can the nba find a way out of this mess without hurting their interests in china also while protecting their employees free speech rights beyond americas border. Joining me former nba player al harrington. He also played in china. Thanks for having me. Charles the commissioner seems wishywashy. The initiative reaction he had to remove the tweet. Houston owner had to apologize. As someone played in the United States and China Understanding economics of this, versus our pride as a country, right . We believe in coming to the aid of people who are unoppression. Thats right. Charles how do you feel about this. Im supportive of daryl morey as well. That makes our country special. We have the freedom of speech. I think that in that moment for him he didnt think of the backlash, right. I dont think any of us would. That is not a natural response. He thought he was doing it right for good of people in general and its a real tough situation he is in. Charles its a real tough situation. I saw a video coach kerr, hemming and hawing, he has a strong opinion on politics in this country, thinks like that. The players in the league, theyre in pretty awkward position. They rushed hardin out yesterday to make a statement. It is just, handled in such a hamfisted way. Where do you think ultimately goes because china is not going to bend on this . I think time heals all wounds, right . I think china is very definitely sensitive because of all the stuff going on with trump and stuff like that, what is unique about sports, sports bring people together. Over time i think the Chinese People will realize that the general manager definitely made a mistake. He was speaking that is how we are in america. We speak and let you know how we feel about certain things but over time they will realize we as nba players love the fan base. We know how important the fan base is to our league and obviously their leagues moving forward. I think over time, you know, everybody, it will blow over. Charles i get what youre saying, sports for a long time was aye political, right . It was relief. You could sit inside after sports stadium, could be republican sitting next to a republican or democrat. No one wore their issues all they wore to the game was jerseys of their favorite players but recently lebron james has been critical of not just President Trump but trump voters. We had curry, steph curry has been pretty dismissive. Are these guys pushing the envelope too much . Because that is half the country sometimes that theyre dissing i say to myself. Maybe there is only nba but i think a dangerous act to do. I dont think so. Once again that makes america unique. We condition speak out our political views, you agree or you dont. Just at the end of the day how you feel about certain things and certain people. Charles youre comfortable with athletes, professional athletes talking about things outside of sports . Im not saying just dribble the ball, im saying these are your consumers, these are people come to the game, they would like to enjoy it without the filter if the guy didnt say i was dumb who i think i voted for. I dont think fans look at that. I dont think a trump supporter that comes to see lebron play, he doesnt think about lebron tweeting. He is helping his team to compete to win championships. Charles before i let you go, you said time heals all wounds . They are dragging, cant go on the internet find Houston Rockets anywhere. You cant google that anywhere in china, right . They have really gone hard right away. Kneejerk reaction wipe it all out . They have to continue to apologize. There are definitely concessions they can make towards the Chinese Government, towards their leagues and stuff like that, that they eventually come back to the table. Charles remind the audience. You played a long time in the nba and china. You know better than most. Great to see you, al. Great stuff. Nba controversy shows a tight grip china has over businesses in the United States. Where do Business Owners go from here . Well discuss that. Were following this market, trade tensions are out there. Later fed chair Jerome Powell will take q a from room full of economists who dont think there will be any additional rate cuts. Theyre sure to ask him about this. His answer could mean everything for where we end up, which by the way could be up. 2,000 fence posts. 900 acres. 48 bales. All before lunch, which we caught last saturday. We earn our scars. We wear our work ethic. We work until the works done. And when it is, a few hours of shuteye to rest up for tomorrow, the day well finally get something done. theayou listen toally advyour clients goal ofen. Sending her daughter to the music school of her dreams. And you help her turn it into reality. Principal. We can help you plan for that. Start today at principal. Com. Charles trade tensions once again weighing on the stock market. With the United States blacklisting Chinese Tech Companies ahead of the latest round of trade talks. The imf warned that the Global Economy is quote, in a synchronized slowdown. Joining me, jack ablin. Start with issues one at a time. Just had Peter Navarro on, suggesting that blacklisting of Chinese Tech Companies had nothing to do with trade talks. Will not be stucked into negotiations, nor will hong kong. Timing made wall street uncomfortable this morning. Absolutely. The incation was perhaps the trade talks are not going well if u. S. Negotiators are now piling on, something that we havent seen. We have not seen capital constraints in my recollection of a, you know, of a trading partner. Charles that said how important we get a scenario on friday where either the trade, october 15, december 15th tariffs are pushed back, or there is a mini deal, versus nothing . In other words we may meet again but everything is still on track . What are the different reactions . I mean i think that the market is expecting some kind of a victory, even a minor one will push forward. Keep in mind, trump needs a win. Certainly he is embattled here at home with impeachment hearings. The movie made in Northern Syria didnt set well with fellow republicans. He needs a win. Even a pyric victory with china. We would like to see some incremental progress made there. Charles a few minutes jay powell will face questions from Top Economists in corporate america. They are on record saying no more rate cuts this year. I think well definitely hear whether or not that will happen. He will not be able to be ambiguous about it i dont think today, jack. What does wall street want to hear from jay powell particularly after the ppi number . Ppi was lowest reading weve seen in four years. Certainly not encouraging. Small Business Sentiment is off. Ceo Business Sentiment is down. Market puts 75 chance of a rate cut next month. Anything less than that will be disappointment. Not to say a rate cut is a panacea here but i think that is something at least investors need to munch on. Charles credibility is something that has weighed on this market for sure. Your thoughts, 30 seconds. Earnings coming up. Wall street anticipates a down quarter. They always felt this way. The Second Quarter was a lot better than anticipated. 3. 6 negative yearoveryear. We had something similar to that last quarter. Between the beats and lifts, my guess is we should come in flat. Investors will turn their attention to earnings next week and management outlook. Well see how that goes. Charles jack, thank you very much, always appreciate it. Thank you, charles. Charles controversy surrounding the nba handling of the Houston Rockets gm hong kong tweet, it highlights a tight grip china has over u. S. Businesses, what im calling a faust at deal havg businesses in china. The question is, where do we go from here and how long can businesses look the other way . Well be right back. Announcer fidelity is redefining value with zero account fees for brokerage accounts. And zero minimums to open an account. At fidelity those zeros really add up. Maybe ill win saved by zero charles the nba isnt only American Organization feeling the heat as they try to walk the line between supporting democracy in hong kong but not angering china, at least the government in the process. Is it time for the corporations to look at human rights over profits . Really is it time for them to stand up to a big bad bully of china . Heritage foundation spokesperson. Genevieve wood. Youre one of my favorite guests this is one of my favorite topics. I think large american businesses have sold their soul. You know what . It is coming back to haunt them, what do you think . Youre absolutely right. It is time for america to ask questions of these businesses. The nba is the National BassBasketball Association not international Basketball Association. They seem to worry about defending rights of american Citizens Free speech. He spoke as an american citizen yet theyre not very concerned about his free speech rights. They want to shut those down to the please the chinese. Charles, i dont think i have to tell you how hypocritical this is. You look at the nba, whether players have spoken out on political issues, whether the North Carolina debate over the bathrooms, but the nba and players also talked about concerns about racism. They talked about how they were concerned about socalled muslim ban, that the president put into place. That is not what i think it was, but what they called it. Yeah, you go over to china, one of the regions in china where the nba set up a training center, it is one of the most oppressive regimes against muslims. It is one of those areas where they take the children of muslim parent, put them in orphanages, basically put muslim parents in rethinking camps concentration camps what most of us would call it. A lot of oppression going on there. The nba doesnt seem to care about that or talk about it, because the money covers all that up. Charles where do we go from here . It is not just the nba. Thats right. Charles American Companies make big profits in the country and quote, unquote reinvestment in china and set up major structure. Some seem to be willing to give up intellectual property. They know it is being stolen in order to have access to the market . Charles, im thankful when businesses and the free market goes into very oppressive places like china and starts exposing what the Chinese Government is and start showing the people there what freedom can look like. That can be a good thing, unless youre willing to give up Everything Else just to stay in those places. Unfortunately with the nba and other companies you mentioned, they seem to be willing to give up the good things, that they could be doing in those countries, truly advertising freedom and bringing freedom into those markets. Theyre willing to give that up just to get more money back at home. I think americans, i think were on to it, i think we should hold these companies and these sports franchises, we should hold them accountable. Charles i think we are. This is a new dawn. Genevieve, great having a conversation with you. Thank you, charles. Charles were moments away from Jerome Powells speech amid a mark set selloff that improved a lot. Im talking about the potential after deflationary death spiral before its too late. Well be right back. To the outside world, you look good, but you dont feel good. With polycythemia vera, pv, symptoms can change so slowly over time you might