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Certainly behind the president on that. leland: well, yeah. the risk that the chinese retaliate9 in one way or another. one way they could is in terms of the trade negotiations that are going on right now. this from the chinese foreign minister, the latest statement saying their act meaning the united states will only further expose the malicious and hegemonic nature of u.s. intentions to the chinese people including our hong kong compatriots. we urge the u.s. not to continue going down the wrong path or china will take countermeasures, and the u.s. must bear all consequences. not a very veiled threat when it comes to the negotiations that are going on. steve moore talked about that just a little while ago, that the china trade deal could have major ramifications to the u.s. economy, have major ramifications to the chinese as well. so now comes the game of chicken. but political observers will tell you this sort of plays into president trump s week of being presidential. you have ....
And mortar stores. put up the chart of what that meant for the u.s. stock market. when you think about it look at that. leland: this is dow from the low in march of 2009 up til the present day up now 3x. a lot of that is stocks like apple that has exploded apple and google are trillion dollar companies now. leland: right. and you also have some brick and mortar retailers that have expanded, walmart and target and other as well. all good things come to an end in economics, as we have learned. where do we look for the warning signs that that is about to happen? well, you re right. i mean, this is, you know, this recovery began in june of 2009. this is almost december of 2019, so this is a ten-and-a-half year recovery, one of the longest recoveries ever. what i would look at is whether or not the stock market continues to grow. i d look at what s happening with business spending. the one area of weakness that i see right now is businesses are ....
Leland: laura? laura: the united autoworkers and fiat chrysler reaching a tentative agreement on a new four-year contract including $9 million in investments and $9,000 signing bonuses. it still needs final approval from workers. fiat chrysler is the last company to settle on a new contract with the union. leland: new information in the collapse of part of that hard rock hotel. watching the crane come down, why i.c.e. agents are now involved. may your holidays glow bright and all your dreams take flight. ....
Stopped raising leland: are you worried about something like that happens in october of next year, that that drastically changes the dynamics of the election in. absolutely. if the economy s as strong a year from now as it is today, i think trump wins re-election. if it goes weak, you know, he s in trouble, no doubt about it. bill clinton said it s the economy, stupid leland: i think it was james carville, but it goes to the interesting point though that perhaps is that one of the reasons we re hearing from him and from you this argument about interest rates? you mean to keep them low? leland: yeah. look, a year ago the fed was raising rate, and, my gosh, the stock market crashed by 2500 points. i like where the fed is right now. i d do one more rate cut, but i think we re in a good position with interest rates leland: a happy steve moore, i never thought the i would see it. [laughter] good to see you, sir, thank you. have you back around christmas to digest. sounds good. ....
Isis has claimed responsibility for friday s stabbing attack. that is according to the agency news service which is isis in-house news service, you might say. this as police say the suspect had a prior conviction on terror charges and somehow was out of prison. kitty logan live in our london bureau following these developments. hi, kitty. reporter: hi, leland. well, there s no independent confirmation of that claim or any kind of confirmation by authorities here, but police have named 28-year-old usman khan as the man they say was the attacker. now, as you say, he was a convicted terrorist. he was released from prison just last december, and we know now that he was involved in this incident on london bridge where two people were killed and five others were injured. the suspect went on the rampage armed with two large knives and wearing a fake suicide vest. he began stabbing people at a conference on prisoner rehabilitation. he d been invited this as part ....