Good Tuesday Morning welcome to squawk alley. Im jon fortt with Morgan Brennan and sara eisen carls got the morning off the art of the deal. Stocks up for a second day on renewed optimism for u. S. china trade talks. At the g7 meeting in france, President Trump told reporters that china will come to the negotiating table, whether it likes it or not. Im not sure they have a choice and i dont say that as a threat i dont think they have a choice in the meantime, the United States, which has never collected ten cents from china, will, in a fairly short period of time, be over 100 billion in tariffs. So, i think they want to make a deal, very badly those tariffs, of course, not coming directly from china joining us now, scott clemens, brown brothers, harryman, ceo of private wealth management. Also with us, mark mahaney, managing director and lead internet analyst guys, good morning good morning. Scott, youre optimistic about a trade deal and about the economy in general, because of consume
I think it will be a pretty polished sort of thoughtful speech as opposed to just offthecuff. There is a lot of anxiety. You may have detected it already about the kind of tone that the president is going to strike. What kind of tone would you like to hear from him . I think hes basically economically focused. With theconsistent World Economic forum. He has spent a lot of time in that area whether its on tax reform which was successfully and whether its getting rid of regulations and other things to boost economic growth. I dont know what is in this speech. I would assume there will be a bunch of time spent on those and the goodness that can happen when you get an economy growing at a much faster rate than we did for the previous eight years. Erik blackstone is a global investor. You travel the globe almost incessantly. Is there a risk to the president and the United States if he were to beat the America First drum too loudly . I think it has been pretty loud. I dont know that you coul
Are quite high end quote and that they represent quote potential dangers. Yeah, i think her comments contributed to one more nasty session, dow plunging 86 points. Nasdaq tumbling 0. 40 . Everyone is entitled to their opinion. That doesnt mean i think everyone should express that opinion especially when they run the Federal Reserve and the topic is stocks. Why do i say that . As a grizzled veteran of the markets i know this can be unhelpful. I remember in december of 1996 when Alan Greenspan panicked many talking about how stocks are suffering from irrational exuberance. How did you do if you listened to greenspan . Forget the fact that you would have missed out on one of the greatest bull runs. The dow was at 6308 and now its over 17300. Come on. Same thing happened in july of last year. When janet yellen herself said that valuation metrics in some sectors particularly biotech and social media and i quote, do appear substantially stretched. Hmm. Howd that go . Okay, at the biotech was
Foreign companies from across West Africa have indicated interest in participating at this year's Gateway International Trade Fair billed to take place