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Exchange. Im Contessa Brewer in for Brian Sullivan the pentagon confirming overnight that general Qassim Soleimani has been killed. The leader of the elite revolutionary guard in a targeted attack at Baghdad Airport. The attack came at the direction of President Trump the major averages are set to open in the red on this news lets take a look at the futures down across the board. The s p 500 indicated to open down 35 points the dow indicated to open down 273 and the nasdaq off by 114. Lets show you this quick Market Reaction we were watching last night off a positive close yesterday just after 8 00, the news came in about that killing of the leader o ....
Has a stronger hand right now mr trump origin thing and why well ok if i were in you know if our if im shooting paying i think i have the upper hand ive got an economy a controlled economy that frankly the Chinese Government has a greater ability to manipulate including with their currency to make adjustments for any economic downturns but i frankly think both are potential losers in this free and fair trade is a concept that helps both countries and its important understand look weve had large trade imbalances with china for a long period of time there are certainly concerns about access to their markets intellectual Property Protection these are all legitimate concerns that have been raised by previous president s but how you address them and whether a bilateral trade war which is whats happening right now with escalating tariffs is really the best thing whether fo ....
Materialize he also made a concession about whether any changes to chinese trade policies need to be codified legislation and he agreed that they did not so to the extent that there are changes made how lasting they are is yet to be seen so lets talk about the National Security concerns do you think theyre legitimate and just what are they. Well it involves you know look with with all Chinese Companies they have a close nexus with the Chinese Government given the concerns about Cyber Security given the concerns about electronic surveillance its right to be concerned about you know its right to be concerned about foreign interference and potentially compromising of our Technology Infrastructure< ....
Cost is going to go up or down based on what his behavior is currently well its hard to say because you know we were still in having and again need to look at this in the broader context were still having ongoing trade battles with canada with mexico their european allies before leaving for the g. 20 the president raised his concerns about trade imbalances with india japan it was another in terms of auto sales was another topic that came up and so its a little bit like a game of whack a mole when he claims to solve one problem hes kind of started 10 others along the way and ultimately all of this not only impacts u. S. Consumers it hurts u. S. Businesses as well you know we live in a Global Economy were supply chains go across National Boundaries companies which are both sourcing Raw Materials from overseas or sellin ....
Security risk that this entails and so this is a fairly significant concession from the president the question is is what he got in return he has touted agricultural purchases from china will have to wait and see what that exactly amounts to theres no specificity on that and youll recall he made a similar promise to mexico purchasing products last month that didnt really materialize he also made a concession about whether any changes to chinese trade policies need to be codified legislation and he agreed that they did not so to the extent that there are changes made. How lasting they are is yet to be seen so lets talk about the National Security concerns do you think theyre legitimate and just what are they well it involves you know look with with all Chinese Companies they have a close nexus with the Chinese Gover ....