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Connection, thats part of the chinese state. The United States is the number one largest for the economy and china is number two, and they are fighting each other, and therell be damage to global trading. Connell but trades only the tip of the iceberg. The real question is this are we in this together or going our separate ways . Chinas now in the hunt for new markets. You see that with things like belt anded road, part of an Economic Initiative to reach them into that billion market. Connell the next moves are crucial, and this is the challenge of china. Connell so for the United States to challenge presented by china is about much more than headlines generated during a trade war. Im Connell Mcshane. Over the next hour were going beyond tariffs to bring you a u ....
We have unrest at home, and abroad. New protests in hong kong today, despite the protests number one demand there being met. This weekend is not expected to be any quieter and then over the uk, lawmakers voting to block a no deal brexit thats the show down with the Prime MinisterBoris Johnson, well talk about all of that plus Hurricane Dorian making landfall along the North Carolina coast as the storm continues to make its way north, were live on the ground with the latest on the Recovery Efforts. Melissa fox Business Team coverage Edward Lawrence is in washington, christina partsinevelos is on th ....
Why that might be easier said than done. A growing debate over the next steps the white house may or may not take to avoid a downturn in the economy. Were getting mixed signals on the strength of the economy. So we start in this hour with Jackie Deangelis who is here in the studio to lay it all out for us. Reporter connell as recession fears linger, concern over the trade war keeping a lid on optimism, especially today. This is big week for retail. Home depot earnings were in focus. Home depot numbers beat the street. A reminder of the thorn in the markets side. Home depot is worried that the trade war a new round of tariffs will cause Consumer Spending to slow down. It. J max, positive report was dampened by earnings guidance. Numbers were under wall street expectations. Headwinds to consider here, global slow down, europe, china, parts of europe, bond yields continue f ....
Market but bond market and this inversion of the yield curve. We can talk about what youre seeing, what people are telling you. The bottom line, if history is a judge this could mean recession is on the way. Reporter makes people so anxious, connell. Yields on two year treasurys rising above the yield on a 10year. First time since 2007. That date alone spook as lot of investors. The yield curve on shorter end, now as people call it inverted. The reason it makes so many people anxious, that means investors have less confident in the near term economy versus the long term economy. Normally if you loan money in this case to the government for a short period of time, you expect your principle plus a small payment, youre not loaning money for that long. If you lend money longer you expect a bigger pay back. That is the normal logic of the bond market. You get paid more for lending longer. When this pattern reverses like now, it signals a shift in the pattern, signals a problem for a lot of ....