goldman and morgan over the weekend that they thought it could get worse than what they originally thought. number 2, we have the fed meeting this weekend. the fed has gone into quiet mode now and have not said a word. you haven t heard anything from the fed the last couple days. that just sets it up for what do they think which way it will go. toss in the geo political stuff, whether it s russia and ukraine, concerns over what china will do with taiwan after the olympics or what is happening between yemen and the united arab emirates. that adds to the fire. the nervousness and angst. you saw europe down 2% at 6:00 a.m. suddenly went down 3% as we were getting ready to open. boom, felt like the bottom was bottoming out and it felt like today was a capitulation day.
of the briefings we got from the white house on and off camera. yeah you know what struck me is how much more i guess i want to say emotional, but he was more critical about the arab voters in a language than netanyahu used there than the dismissal of a two-state solution in netanyahu in the days before the election. i think the reason why is because that arab voters comment touched a nerve for the president. obviously we ve had our own problem with racial histories and voter issues with respect to racism. i think when the president heard that language it resonated with him at a different way than the geo political stuff. he made it clear in the phone call, he let netanyahu know this was not acceptable if israel wanted to consider to be a lone democracy in the middle east. following up on that usually when we follow up on either comments said by josh earnest when they were in ohio it was
meant for the u.s., you have troops, military bases, tangled up in geo political stuff across the globe. what kind of superpower does china want to be? well, china does not in my opinion want to be the kind of superpower that we normally think of in a military and strategic sense when we use that term. actually, the report that just came out said that the u.s. would remain dominant as the leading power in 2030. it was not as if it is not if the chinese are seeking or will replace the united states. that s not the case. what you have to remember just going to your key points on bases and military assets, the u.s. dwarfs china in forces. a couple of examples. the united states has nuclear warhea warheads. the u.s. has 11 aircraft carrier battle groups each with about 55