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Progress and roll it back. For late february, trump did not meet with chinese officials and there were press conferences afterwards, and they agreed to have the chinese by a little bit more soybeans. Two days later, trump declared a truce. That never really led to anything. We have been wrong optimistically the entire time. They have had a couple of years to try to come to compromise. We are right where we started 18 months ago or so. Applause is good, but until i see a rollback of some of the tariffs that went on recently, i have to go with our leading indicators, which are still pointed downwards. Jonathan doing the around the joining me around the table in new york are our guests. The first question to you, george. Same issues, same people, same countries. Do we get a different outcome . George in terms of trade, i dont think so. In a perpetual state of negotiations and we expect that to continue. We are not expecting a major breakthrough anytime soon. In the financial markets, thin ....
Late february, trump did not meet with chinese officials and there were press conferences afterwards, and they agreed to was have the chinese by a little bit more soybeans. Two days later, trump declared a truce. In the final analysis we know that never really led to anything. We have been wrong optimistically the entire time. They have had a couple of years to try to come to compromise. What we are talking about is right where we started 18 months ago or so. Detente, butod, a until i see a rollback of some of the tariffs that went on recently, i have to go with our leading indicators, which are still pointed downwards. Jonathan joining me around the table in new york george bory, mike purves, and andy charlton. , the first question to you, george. Same issues, same people, same countries. Do we get a different outcome . George in terms of trade, i dont think so. Trade is in a perpetual state of negotiations and we expect that to continue. We are not expecting a major breakthrough anyt ....
Progress and roll it back. Except for late february, trump did not meet with chinese officials and there were press conferences afterwards, and they agreed to have the chinese by a little bit more soybeans. Two days later, trump declared a truce. That never really led to anything. We have been wrong optimistically the entire time. They have had a couple of years to try to come to compromise. We are right where we started 18 months ago or so. A pause is good, but until i see a rollback of some of the tariffs that went on recently, i have to go with our leading indicators, which are still pointed downwards. Jonathan joining me around the table in new york are our guests george bory, mike purves, and andy charlton. The first question to you, george. Same issues, same people, same countries. Do we get a different outcome . George in terms of trade, i dont think so. Trade is in a perpetual state of negotiations, and we expect that to continue. We are not expecting a major breakthrough anyti ....
Every few times we make some progress and roll it back. It is becoming exhausting. Late february this year, trump did not meet with chinese february, officials and there were press conferences afterwards, and they agreed to have the chinese by a little bit buy a little bit more soybeans. Two days later, trump declared a truce. That never really led to anything. We have been wrong optimistically the entire time. They have had a couple of years to try to come to compromise. What we are talking about now is right where we started 18 months ago or so. Good, a detente but until i see a rollback of , some of the tariffs that went on recently, i have to go with our leading indicators, which are still pointed downwards. Jonathan joining me around the table in new york are our guests george bory, mike purves, and andy charlton. The first question to you, george. Same issues, same people, same countries. Do we get a different outcome . George in terms of trade, i dont think so. Trade is in a per ....
George bory, mike purves, and andy charlton. The first question to you, george. Same issues, same people, same countries. Do we get a different outcome . George in terms of trade, i dont think so. Trade is in a perpetual state of negotiations and we expect that to continue. We are not expecting a major breakthrough anytime soon. In the financial markets, things seem to be changing a little bit, yields moving up and the yield curve steepening are actually a material change. It seems like the fed, the feds rhetoric, the feds action is starting to meaningfully impact the technicals in the market. When we think about fixed income in general, one of the Biggest Challenges the fed has faced is an inverted yield curve. The fact that they are getting the yield curve to steepen is a meaningful positive, and i think that is something that is very different than what we saw back in the middle of this year, when trade talks and trade issu ....