Beijing casts doubt on US-China trade talks

Beijing casts doubt on US-China trade talks


MUCH. GREAT TO HAVE YOU, AS ALWAYS. LAUREN: BEIJING IS REPORTEDLY DOWNPLAYING PRESIDENT TRUMP’S CLAIM THAT CHINA WANTS TO RESUME TRADE TALKS. REBECCA WALSER IS HERE. REBECCA, GOOD MORNING.>>GOOD MORNING. LAUREN: OVERNIGHT WE SAW OPTIMISM TURN INTO SKEPTICISM. HOW DO INVESTORS PLAY A MARKET THAT IS COMPLETELY HEADLINE-DRIVEN?>>WELL, I THINK YOU HAVE TO BE IN IT FOR THE LONG GAME. AT LEAST A LONGER GAME THAN DAY-TO-DAY AND TWEET TO TWEET. THIS IS A LONG STRATEGY PLAY. THIS IS NOT A SHORT-TERM STRATEGY. THIS IS A LONG HAUL. AND SO IF WE’RE GOING TO BE GOING TWEET TO TWEET, CALL TO CALL, WE’RE GOING TO HAVE VOLATILITY AND INVESTORS DON’T LIKE THAT. LAUREN: IT HAS SEVERE CONSEQUENCES. MORGAN STANLEY IS WARNING OF A GLOBAL RECESSION IF THE U.S. RAISES THE TARIFFS ON CHINESE IMPORTS TO 25% AND CHINA RETALIATES. THAT’S A BIG DEAL, A GLOBAL RECESSION.>>OF COURSE. YES. ABSOLUTELY. I TOTALLY AGREE WITH YOU. THIS IS GOING TO BE PAINFUL. THIS IS DEFINITELY NOT SOMETHING THAT IS EASY TO DO, TO UNWIND TO AN EXTENT THE U.S.’S DEPENDENCE ON CHINESE SUPPLYING OUR WALMART AND OUR TARGETS AND BASICALLY OUR CHEAP GOODS IS VERY PAINFUL, LAUREN. IT’S GOING TO HAVE AN IMPACT, YES. LAUREN: WILL IT IMPACT CONSUMERS? THE DIALOGUE WE’VE GONE WITH WITH-QUITE FRANKLY, THE DIALOGUE WE’VE SEEN IN THE DATA IS THE CONSUMER REMAINS STRONG. WE GET A CONSUMER CONFIDENCE NUMBER THIS MORNING. DO YOU EXPECT THE CONSUMER TO START TO GET NERVOUS AND PULL BACK?>>I THINK WE’RE GOING TO PROBABLY SEE A NUMBER MORE ALONG THE LINES OF JUNE WHERE TRADE WAS MORE OF AN IMPACT, BEFORE THE REBOUND IN JULY. I EXPECT WE’LL SEE A LITTLE BIT MORE VOLATILITY BECAUSE WE HAVE HAD THIS MONTH PRETTY MUCH DOMINATED BY A TIT-FOR-TAT ON THE BACK AND FORTH BETWEEN US AND CHINA. LAUREN: LET’S SAY THE CONSUMER DOES PULL BACK AND THEN YOU HAVE THOSE BIG NAME MOMENTUM TECHNOLOGY STOCKS, THE SO-CALLED FANG TRADE, THEY’RE 20% OF THE BROADER MARKET. THEY’VE PULLED BACK IN THE PAST YEAR. SO IF THEY’RE NOT FUELING GAINS OR QUITE FRANKLY LOSSES RECENTLY, WHAT’S THE NEW TRADE?>>YOU KNOW, LAUREN, THAT REMAINS TO BE SEEN. THERE’S ALWAYS SOMETHING THAT’S GOING TO COME OUT, JUST LIKE THE OLD DAYS. WE HAD BEFORE MICROSOFT, ORACLE, INTEL AND FANG STOCKS NOW HAVE BEEN THE BET FOR THE LAST — THEY DON’T TRADE UNILATERALLY. THEY EACH HAVE THEIR OWN ISSUES THEY’RE DEALING WITH. THEY’RE NOT MOVING UNILATERALLY AS A BLOCK ANYMORE AND EACH OF THEM HAVE THEIR OWN ISSUES, OBVIOUSLY. FACEBOOK WITH PRIVATE CIRCUMSTANCE GOOGLE WITH COMPETITION AND DATA PRIVACY AND CENSORSHIP. YOU’VE GOT AMAZON WITH WALMART AND TARGET DOING SO WELL, WITH SUPPLY CHAIN AND GETTING OUT THERE AND EXPANDING DISTRIBUTION THERE AND EXPANDING DISTRIBUTIOD THERE AND EXPANDING DISTRIBUTIOS THERE AND EXPANDING DISTRIBUTIOR THERE AND EXPANDING DISTRIBUTIOB THERE AND EXPANDING DISTRIBUTIOT THERE AND EXPANDING DISTRIBUTIOO THERE AND EXPANDING DISTRIBUTION AND NETFLIX USING SUBSCRIBE R AND NETFLIX USING SUBSCRIBERS FOR THE FIRST TIME. LAUREN: YES OR NO, THIS IS THE WORST TIME FOR THE DOW IN EIGHT YEARS, IS IT A TIME TO BUY OR YOU STAY AWAY?>>IF YOU’RE IN IT FOR THE SHORT GAME, WE HAVE A LOT OF VOLATILITY. LONG-TERM, IT’S GOING TO BE PAINFUL AND WE’RE GOING TO HAVE TO DEAL WITH THIS CHINA ISSUE

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About the Author: Oren Garnes

100 Comments

  1. sometimes I think that these newscasters thrive on doom and gloom… I can say with certainty that the rest of the world my go and is in a recession but the USA will be fine…

  2. America needs to stop all trade with China they will never agree to fair trade they been stealing from the USA for 30 years, time to move on.

  3. Trump tariffs 'coup de grace'.  By the time the🇺🇸Christmas shopping season arrives, 🇨🇳will be bloated with consumer electronics.  U.S. shoppers will be buying 'made in China' at FIRE🔥SALE😂PRICES.
    China knows exporting the cost of tariff's means losing hundreds of billions of "low price leader" market share to competitors.
    ~🇬🇧Gave🇨🇳until 2047 to be a democracy.~

  4. Global recession? USA is rolling along with the best economy in it's history, and the Dems are screaming "the sky is falling!" lol

  5. Thieves and Invaders applied to America as well. Just ask anyone in Texas if they're living on Mexican soil then wait for the stuttering to begin!

  6. North America (Canada and US) are a declining sector in China's trade position as Asia is by far its largest trading partner and there are plenty of sources of ag products on the world market which is why China can dump US as source of soybeans, pork etc. with farmers taking major hit

  7. More China game strategy. Global recession is not a US Recession. They have been draining American wealth for decades so yes that loss throws “THEM” into a recession. More fear tactics

  8. China is destroying their currency to continue to undermine the US Economy… stop being purveyors of fearmongering.. there is no inflation to consumers… I would be buying the long game Trump will win.. China loses

  9. Even this newscasters don’t know what’s happening in China here. Because the Chinese yuan is devalued so none of the tariffs hits China.

  10. Ronald Avery in the comments how do you do that? How can you root for a Communist China? Is that where we're at? It's Treason

  11. I wouldn't care too much for Donald Trump's words, and I wouldn't be surprised if he declares war on Russia one day

  12. Don't buy anything made in china,Nike shoes,Apple or anything….We can make our own in America…Pay more money buy American Made and Support your fellow American's

  13. Prepare for China + Russia + EU coalition and invasion of US. No country in history has survived making enemies of the rest of the world.

  14. Americans always have to pay for past presidents ego trips. That's why im voting for BERNIE2020. BAIL OUT THE MIDDLE CLASS💪

  15. So what. We need to cut them off all together. We should focus on bringing South America into the future. The China experiment failed and we don't need them. Cheap labor isn't worth sacrificing our national security.

  16. China’s no longer paying off the corrupt politicians. Thats part of the reason prices aren’t going up.
    How does china USA trade cause a global recession?
    There’s something else causing the recession fear mongering media to guess what the future holds!
    Maybe the media is still getting paid to disrupt.

  17. Americans should start changing their attitude about buying cheap low quality goods from China and start buying quality goods from other friendly countries. Better still, buy from our own producers/manufacturers to support our industries and secure jobs for our citizens.

  18. American investors are morons. Not dealing with China means our money stays in our country. The market can only increase in price.
    Also, why does anybody want Yuans? Chinese currency can only decrease in value. The way it is manipulated they will have massive inflation.

  19. Man good thing according to trump 🇺🇸 is making billions and billions of dollars on this trade war 😂 😂

  20. Keep going President. We support you. Forget about the liberals, your base is strong. Us patriots got your back and are not soy infused weaklings.

  21. We need to do more deals with Japan period! And some of the things we get from China we need to switch to Japan and other countries and trade more with other countries less with China over the years.

  22. Everybody needs to get over it ….this is a GAME and Trump is playing it quite well so just mind your own business, shut the f***up and move on

  23. China is a bully, a trade predator—they're not going to change—you can't trust their word from one day to the next.

  24. Everything would have to be complete crap before FOX admits they fueled a trade war that only benefits Russia. Russia just annexed Krimean Pinensula which produces more agriculture than California. Stop listening to Bannons lies. Gutting global AG distribution channels in favor of Russia.

  25. China is communist what do you expect? They WANT Democrats and RINOS in office so they can do business as usual while screwing over US prosperity! Do you think the last 10 yrs of slow USA growth was an accident???

  26. POTUS needs to continue trade talks with other countries and make great deals with countries that want to trade. China is use to being in the driver's seat ~ welcome to the back seat China.

  27. "I have not heard of this situation regarding the two calls that the U.S. mentioned in the weekend."
    So much for China being eager to restart the stalled trade talks.

  28. Exports to China in 2018 amounted to $179.3 billion. This was only 0.87% of GDP.
    Imports from China in 2018 amounted to $557.90 billion. This was only 2.72% of GDP.

    A trade war with China is simply not going to hurt the US very much. Add to that equation that China has been eating the cost of the tariffs either through reducing their profit margins or through devaluing their currency. Wall Street won't tell you this because they are cheerleaders for keeping the game the same regardless how much it hurts America.

  29. You can never trust Communist and that is what they are. And now we have the Democrat party in our country trying to make the United States of America a communist country. They are the America Communist Democrat Party.

  30. People been crying for 2 decades we must confront China. Someone finally does…..and people cry while never offering an alternative plan to confront them

  31. It's not "painful" for me! Just don't buy Chinese products. Tons of other Asian countries are more than willing to step-in, and they make better merchandise, i.e. South Korea, Japan, to name a few.

  32. Buying cheap chinese goods is expensive, because you have keep buying the same thing over and over again.
    Spend hours researching and looking at fake reviews of chinese products that just don't work well or break after a few uses.
    Why do we do this?

  33. China sees our President making deals elsewhere and suddenly sees possible market share being lost.i bet they DID CALL..but when Trump mentioned it to the media, they deny it to try and discredit him. Whatever!! Call…don't call…you are in trouble. China thought Trump would cave months ago. They are finding out he is not the same as our previous 3 presidents. They are on the defensive and not used to not being in charge.

  34. Trump said China called but China says… they don't know about any calls. Then news reporter asked Trump about it and Trump deflected cuz he was caught in a lie lol

    too funny

  35. cheap Chinese goods, you are my sunshine, you make me happy when skies are grey. You'll never know dear, how much I love them, please don't let them take my cheap Chinese goods away.

  36. Trump is never going to make a deal with China or North Korea and he knows it. He's a big fat liar and everyone knows it. Everything he says is a lie… China called and told Trump how awesome he was and how much they respect him… LOL AS IF!!!!

  37. We used to make these same products here in America but we let China take control of everything back in the late 80s and 90s we need to start making this stuff here in America again we let China do it because they pay there labors 3.00 dollars and hour if that Apple and Microsoft need to start investing those Billions they make into bringing jobs back to America and having it made here we use to make Tvs here in this country that lasted for many years now you have this China garbage that last a few years if best bring Technology back to America……..

  38. This time I would rather believe in China,,, they just raise tariff on 75 billion US goods, will they call the same day to negotiate?

  39. chinese communist are thugs, the enslavement, 1.3 billion of their own people thats how they make money "and can not compete united states of america on every level.

  40. Trade wars are easy to win for China. China chooses strategic targets that hurts US the most, Farmers. They will be filing chapter 11 before the next US election. LOL.

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