Already better than a dozen lives in syria, with fighting continuing on and on. The president trying to assure the folks the worst is over. Everyone adhering to the ceasefire he told the turks to adhere to. Blake burman in the middle of all of that. Hi, blake. Reporter a lot going on. That is what is going on in the cabinet room at the white house as the president is holding a Cabinet Meeting right now. You know how this works. Headlines starting to trickle out here. The white house going into this said part of the discussion would focus on the economy which the president said already it is doing fantastically well in his words. The white house said there would be a discussion on regulations and highlighting the role back of regulations leading up to this the white house sent out a note saying for everyone regulation had been a added eight 1 2 had been rolled back the we expect the president to touch on that shortly. These things take on a life of their own as they happen. Were starting to get headlines coming in. The president talking about the usmca at one point, saying of that, we need the usmca to be voted on. If it is voted on it will pass. This is something they can do very easily, speaking of nancy pelosi and house democrat. It has been interesting on the usmca, neil. The timeline appears to be shifting a bit as the white house had initially had an october, an october time frame when this could potentially taken up. Then last week white house officials were saying thanksgiving and wilbur ross with Maria Bartiromo brought up there are only 20 legislative days until christmas. The Cabinet Meeting will move on from questions from the press to the president. This will be the first time the president speaks before the cameras about his decision to host the g7 meetings at his own property in the miami area. Then his decision to reverse it and not host it at one of his own properties. Over the weekend, White House Acting chief of staff Mick Mulvaney raised eyebrows when he talked about the president s role. Listen here. At the end of the day he still considers himself to be in the Hospitality Business. He saw an opportunity to take the biggest leaders from the around the world put on absolute best show, the best visit that he could possibly could. I have to pick up, i consider himself in the month pallet business. He is president of the United States. That is his background. Reporter well see if questions are directed to the president in that area. President says the ceasefire is holding though a top leader for Kurdish Forces told our Jennifer Griffin over the weekend said that is not the case. Tanks out of Northern Syria being pelted with rocks and rotten tomatoes. 100 tankers were seen leaving that area going into western iraq. Neil, the president has said that u. S. Troops will be coming home, but the news over the weekend those troops instead will head to iraq. Well see what the president potentially has to say about that, neil . Neil thank you my friend very, very much. That Cabinet Meeting is going on. If you know the drill, the tape comes in, well monitor closely convey what the president is telling reporters, telling republicans in the same gathering. We have to fight the impeachment inquiry. Not all are subscribing. You have the global chaos developing, no matter what ails us here, by comparison were a heck of a lot better investment alternative and safer haven than for example, looking around what is happening in syria, what is happening in turkey. What is going on in some of these other countries, mexico lebanon, chile. Moodys manager compared to that were doing just fine. That is the notion, right . That is the notion, the u. S. Economy if you look at growth is doing fairly well compared to the rest of the advanced world. The u. S. Dollar remains currency of financial transaction or trade. The dollar remains strong. The u. S. Remain as safe haven. Neil there is a view we cant ignore what is going across the globe. More hot spots. Massive protests people coming out in the streets to express their views, peaceful though it has been in taken and and brexit, elsewhere, seeing it pop up against the established order. What do you make of what is going on . Two things. Had terms of consequences for the u. S. U. S. Economy is doing well, you know u. S. Corporations have business everywhere including hong kong, london and europe. That matters. 30 of the largest u. S. Companies, 30 comes abroad. That matters in terms of consequences. In terms of causes theyre slightly different in all the different hot spots. Neil right. In syria, classic geopolitical struggle mixed in with a civil war in syria. In hong kong tension between one country, two systems china is trying to navigate, that hong kong is rebelling against. Brexit is the classic trade union that didnt work for a section of the population, that voted to come out of it. It is really difficult to come out of something youve had going several decades. Neil i am glad you talked about the u. S. Exposure to the natural world. To a company, a lot were saying when it turns to guidance, even with this tentative phase one trade deal, whatever calling it with china. They still have lingering concerns what is next, hong kong protests you alluded to. Theyre hedging their bets. How does that play out for the investor . That is interesting. As an economist, when you think after trade dispute between the u. S. And china, it is easy to model the impact a tariff increase would have on particular products. What you cant model sim pack that the uncertainty weve uncertainty weve had now, sometimes two steps forward, sometimes two steps back that impact on sentiment, Consumer Sentiment or Business Sentiment. Even more importantly Investment Decisions have to be made but they cant be because of all the uncertainty. Neil this wasnt your bailiwick and youre in a different part of moodys, this moodys analytic survey that looked at three different scenarios, one on jobs, focus on the market and overall economy that favored donald trump being reelected again, if that model changes, do the Market Sentiment, does that change . You know, i mean Market Sentiment can change on a dime. Neil absolutely right. I love how you guys couch that. It could change. People, people, that is the problem. We dont know exactly what they will think and feel. They think and feel collectively from time to time. Currently if you look, even now looking at sentiment indicators, Business Sentiment moved down quite sometime. When business looks out into the world, it sees brexit, u. S. , china. Business sentiment held up because theyre seeing job growth. If job growth starts falling neil Consumer Sentiment is the lynchpin for better than 10year long expansion. Keep them happy, Holiday Plans happy, all is good, right . Jobs and wages. If businesses continue to hire, increase wages, Consumer Sentiment will stay strong. Neil it is all about the jobs. Good seeing you. Meantime look at corner of wall and broad. Fairly nonplussed environment. If you took boeing out of the picture, we would be up 100 point where we stand right now of the not exactly we have a guy who follows meticulously, our stocks editor, charlie brady. Boeing is a big reason why were tepid on response to all of this. That stock is down in excess of 20 from the second 737 max crash in ethiopia. That got an attention maybe with the model jet, the 737 max. That is why we used that as starting point for boeings troubles. Down today on indication maybe a lot of workers at the company were quite aware for problems with this jet going back years. That is one of the reasons why that stock is getting hammered all over again and a lot of other developments were following as well. I want to go to John Layfield on the boeing thing. How one stop can change the environment here because with the exception of boeing, john, to get back to what she was saying this world environment where you have a lot of problem spots but so far the United States not among them or at least by comparison not with them how does that play out . I think boeing is a separate issue as far as, it is issue with plane, issue how they responded. Look at the overall economy, youre right about the fact were the shining light in the world right now. Not to mention all the global chaos you pointed out in your opening monologue but also the slowing economies going on around the world. The imf said Global Growth is 3 this year, the lowest since 2009 when we had contraction in Global Growth. Youre seeing what is going on in europe. Seeing what is going on in china. Irrespective the trade wars and geopolitical events that could have systemic effect on global economy, economies are slowing around the globe. The United States by far to me at least is the best place to invest. Neil talking about china, you and i talked for years about the numbers they put out, reminded me of the old jon lovitz skit on saturday night live, that is the ticket, chinese acknowledging 6 growth in the latest quarter. Some say it will be lower than that, the imf next year. So the trend is down and the fear seems to be that the chinese, no matter what they throw at the economy they cant seem to turn it around. What do you make of that . Yes. I think that is correct. China now is becoming a more of a service and consumer economy from manufacturing economy. Those numbers, youre right, according to anecdotal evidence, sky track technology from satellites the Global Growth, china growth is 3 instead of 6 . Doesnt matter as far as slowing, contraction of the economy. Economy, easy to have a managed economy. China is a managed economy instead after free economy, when you have a manufacturing economy. Youre able to have low wages. Able to service the world. That manufacturing is now going to places like africa, in droves. And they succeeded in the fact that they got a lot of their workers into the middle class. Now you become a consumer economy. That is virtually im possible to monitor, model from top down. You look what happened in venezuela. Look what happened when private companies become nationalized with pemex in mexico. Government does not do a good job helping companies in the economy. Neil thrown everything but the kitchen sink into doing that. To almost demand companies lend, to sort of federally safeguard backup protections, the government had them if they want to invest. They dont want to invest. It is dimensions like you never saw in venezuela, where they ran out of their riches, went six feet under. Im not saying the same happens here to china. There is a limit to even the richest state . Absolutely. Government has a role in the economies. Has a role setting plate for a fair place everyone to be apart. Look what president grant did with the railroad. Look what fdr did with the farm to market road. Eisenhower with the interstate system, it opened up commerce but made a fair level Playing Field for everybody. Once you manage the economy beyond laying the groundwork for a fair economy it has never worked. What theyre doing in rwanda is completely different. China is helping invest in tech hub. It will be eight 8 growth to work there theyre allowing market to work there but not allowing it to work in china. It is not working for them. Neil John Layfield. Always great catching up with you. John in washington. Were following the brexit battle. In case you didnt hear after a rare saturday session, since Maggie Thatcher ran the country, Boris Johnson failed to get a vote on the separation from europe. He is not giving up. Maybe have better luck tomorrow or day after tomorrow. One way or the other europe will break away from the european union. That is proving a lot easier said than done. W to pay for lon. Brighthouse smartcare℠ is a hybrid Life Insurance and longterm care product. It protects your family while providing longterm care coverage, should you need it. So you can explore all the Amazing Things ahead. Talk to your advisor about brighthouse smartcare. Brighthouse financial. Build for whats ahead℠ now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Shipsticks. Com saves you i get it all the time. Have you lost weight . Of course i have ever since i started renting from national. Because national lets me lose the wait at the counter. And choose any car in the aisle. And i dont wait when i return, thanks to drop go. At national, i can lose the wait. And keep it off. Looking good, patrick. I know. vo go national. Go like a pro. Neil it didnt happen today. They were hoping it would happen today. At least a vote would get started today. Boris johnson once again having to stand and wait and wait. Ashley webster waiting it all out in london where it stands to be a long week. They tried again. What is the latest . Ashley i guess so. So many false starts, neil. As we stand, Boris Johnson stands and we all wait to see what happens next. House Speaker John Bercow said you no, cant have a vote today. You introduced the same motion on saturday, nothing has changed. Take a listen. Todays circumstances are in substance the same as saturdays circumstances. My rule something therefore that the motion will not be debated today as it would be repetitive and disorderly to do so. Reporter well there has been some complaints from the conservatives that john bercow is too much after liberal, too much of a remainder and jenkin questioned his impartiality. Take a listen. I note the dilemmas you face mean that on occasion you will sometimes have to please some and not others but it is becoming rashable how often you please one lot and not the other one. Reporter you please one lot and not the other. The House Speaker by the way says he has ruled on the conservative side on many occasions. Neil, what were doing is waiting for the governments response. We believe they will present a Withdrawal Agreement bill. It is 100 pages long. You look under the hood. You see all the nuts and bolts. May start going down that road. If they get parliament agreement on issues, they may try another vote which be alluded tomorrow or wednesday. It is brexit so who knows. Neil just to understand. Boris johnson wants a clean break by october 31st. Doesnt want to push it back. The letter that compelled him to do so he didnt sign. He still wants it that way. The law states as it stands right now there would have to be a delay, right . Reporter well there would. There was a Scottish Court today that was given that exact question, what if owe will do if he ignores you . He would be in trouble. It will go to court, no doubt. The fact he didnt sign the official request for delay means absolutely nothing. Eu says we dont care whether you sign it or not. What is more interesting is the second letter, please ignore the first letter. That could get i am in trouble with the courts. He maintains he can get this done by halloween, the night of halloween, october 31st. I think becoming more and more unlikely neil, but well see. Neil did you say the scottish side . Reporter i did. No, no dont do the accent. Neil all right. Fine. Maybe when ashley goes well dot scottish. He has been back and forth, has a frequent flyer pass to london. Were waiting president s remarks on Cabinet Meeting. Talking about the turks, honoring the ceasefire agreement. Even though some generals disagree. Demanding loyalty coming from the impeachment kerfuffle from republicans even though he is not getting it from all of them. Well have more after this. Theres a power in listening; its what gives audible members an edge. It opens our minds, changes our perspective, connects us, and pushes us further. The most inspiring minds, the most compelling stories audible. I wanted more thats why ive got the power of 1 2 3 medicines with trelegy. The only fdaapproved 3in1 copd treatment. Trelegy. 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