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Later. That escalated quickly. A candidate for congress charged with assault after allegedly body slamming a reporter hours before polls open. Why this might impact tonights election but not in the way you think. Good afternoon, welcome to the lead. Im jake tapper in brussels today President Trump took the opportunity of a nato summit to publicly berate fellow members for not living up to their defense spending commitments. This is an issue that previous president s have grappled with in a less public and reproachful way. Its a well taken one the. But members were hoping president would underline his support for the principle of article 5 of the nato charter that an attack on one member san attack on all. To the disappointment of european allies mr. Trump did not publicly or explicitly affirm that commitment which he has suggested in the past. The president in the past in public and private has cast the need of nato allies to spe ....
The market since the turmoil of early february. Lets get right to cnn, christina, what are you hearing from investors . Reporter fear, jake, pure fear the administration unleashed the mother of all trade wars announcing tariffs on 50 billion of goods with china. This, of course, is sparking fear of retaliation from china, which holds a large portion of u. S. Debt, so we are just talking about fear at this point. Just to put this into context, if you look at the cnn money fear and greed index, it is dropped to extreme fear at this point, and investors are worried more about this trade war than Rising Interest Rates at this point, so this is this is the focus, and the administration is going to be out there trying to settle the nerves out there, but all of this is based on perception, not reality. The market did not care about reality. It is sheer nervousness right now, and it might stick around for some time, not helped by t ....
And they are fleeing these risky as assets and fleeing stocks and looking for cover in other parts of the market like the bond market and that is causing the phenomenon you just described which is the inverted field and which means it cost more for a borrower to borrow over a shorter amount of time and if you take a look at this chart, recessions have followed each time weve had an inverted yield curve. This is very troubling to the market. It is this rush to safety that has investors particularly concerned and, by the way, investors also digesting the fact that the dealmaker in chief may not be able to get to a deal with china. That is put up paralysis on business from the ceo of a Multinational Corporation down to the iowa farmer. They cannot make decisions without knowing where this trade war is going and they dont know where that is right now, jake. Christina learna at the new york stock exchange. I want to bring in ....