u.s. that gave stocks a lift after they had already suffered steep losses this morning when investors were concerned that the chinese were thinking about puing out of the talks. the initial selloff was sparked by a tweet from president trump in which he threatened to impose additional tariffsn chinese goods this friday. he said progress was moving too slowly and he accused china of trying to netiate parts of a deal that had had already been agreed to. that caught the global markets off guard. shanghai fell more than 5% aovernight. aner a very rocky start heremorning, the indices in the u.s. were down but well off the lows. the dow was down 66 points at the close. it had been down more than 400 at the lows. the nasdaq dropped by 40 and s&p 500 down by then very late this afternoon, there was a meeting at the trade representatives office in washington. we were there and you found out there is a timetable now for the restart of the talks and for the tariffs, right? that s righ
and day out. we are going to start the event today with a safety moment. i think we have no plans for fire drill, we have no plans for any incident today but i think it s always important to be prepared. make sure you familiarize with the exits, most of you that is located there which the way you enter through the stairs, there exits on either side of this room today. so thank you for listening to the safety moments. i would like to take a moment to extend a special welcome too so many of our distinguished guests that are here with us today. members of congress, administration officials, our valued partners, and the construction units, and who participate in our energy resource collaborative thank you for being with us. leading researchers, trusted partners and our valued members. thank you for being with us today. it is great to see so many of you with us in the room. we are honored. a little bit later in the program we are going to have a panel discussion and i would like t
obviously knows exactly where those ships were because we have all the satellite there capacity i wish the pentagon to come out and tell us what it thinks well would be interesting to see if if that does happen in the meantime i mean i suppose you ve sort of answered it already but what more advice you say that countries should affect me try to ratchet down the tension but what advice would you give a lot of the european nations you know the e.u. and the u.s. as well in how to do that with russia. well i think that people should continue to talk and deal with a requirement that the russians had back on side in terms of obeying by international norms beginning in this particular case with that three d. of two thousand and two thousand and three and also if mr putin has any desire. to be able to work with the outside world he should immediately release the boats the twenty three people and should be providing the best medical care for those people who are injured that that is a
will have to go two more times this year. that will be the market reaction and that is appropriate reaction to these numbers. everyone is expecting for the job growth to start to moderate. i think if it to solid, the market starts to ask the question. 180,000 to 200,000 jobs a month and when you don t, that is when the cycle is probably ending. the reason why it is one of the best numbers ever, is we are so late and to still be averaging 200,000 jobs. there s a moment where you want to say slow down a little, please. jonathan: joining me are my guests. where is the jobs growth coming from? how do we keep doing this every single month? and seems to be that business services area has been pretty strong. finance has done well recently. we are seeing pick up in construction. that has helped boost the wage numbers because those are still pretty good wage producing jobs. it continues to tick away steadily. jonathan: there is this nervousness that wage growth is around
we start with our investor take. our spotlight today is on the emerging markets selloff and impact on commodities. i spoke to ceo s to see how oil demand could be affected. so far, the demand growth on the oil side has been strong, despite some of that turmoil in china. if it falls back significantly, it would have an impact on global demand, no question about that. i think demand will maybe not be as strong as the past couple of years, but still solid. the trade tension is affecting the em component of demand. there is a lot of concern about emerging markets and what is happening there, but the main growth you are seeing, there is a very robust economy in the u.s., you are seeing china, india. we think demand will be there. we are watching it but not concerned. alix: the ceo s, some positive. what do you think? phil: they are trying to sound positive, but we are about to replay the asian debt crisis, except the demand is twice as high. if you look at the key countr