Could Hong Kong’s protests trigger a global recession?

Could Hong Kong’s protests trigger a global recession?


LAUREN: ECONOMISTS ARE WARNING ABOUT A A HE SLOWING WORLDWIDE ECONOMY. THE U.S.-CHINA TRADE WAR NOT HELPING MATTERS. AND HARVARD UNIVERSITY ECONOMIST CARMEN RINEHART SAID THE UNREST IN HONG KONG COULD TRIGGER A GLOBAL RECESSION. LET’S SEE IF RILEY WALTERS AGREES. IS HONG KONG THE TIPPING POINT FOR A GLOBAL RECESSION?>>I MEAN, IT’S NO SURPRISE THAT REGIONAL AND GLOBAL ECONOMIES ARE SLOWING DOWN RIGHT NOW. WHETHER HONG KONG COULD BE THE TIPPING POINT I THINK IS A HUGE WHAT IF. THERE’S A LOT OF WHAT IFS AROUND HONG KONG RIGHT NOW. WHAT IF MAINLAND CHINA INVADES? WHAT IF PROTESTS CONTINUE FOR ANOTHER YEAR? A LOT OF WHAT IFS. BUT IF WE LOOK AT THE DATA, WE ARE SEEING A GLOBAL SLOWDOWN RIGHT NOW. I THINK A LOT OF THAT HINGES ON THE U.S. ECONOMY AND WHAT WE’RE DOING AT HOME. LAUREN: OKAY. OUR DATA HAS BEEN RELATIVELY POSITIVE, AT LEAST AS IT RELATES TO THE CONSUMER. BUT YET THIS BACKDROP, AND YOU WERE TALKING ABOUT ALL THE WHAT IFS IN HONG KONG, BUT YOU HAVE TO ADMIT THAT WHAT’S GOING ON FOR THREE MONTHS NOW IN HONG KONG IS A BAD LOOK FOR BEIJING AND HOW THEY RESPOND, COULD THAT NOT AFFECT ANY TRADE DEAL WITH THE U.S.?>>I THINK THE WHITE HOUSE IS GOING TO TRY AND SEPARATE ANY TRADE DEAL FROM THE TALKS. NOW, I MEAN — LAUREN: YOU THINK?>>IN ACTUALITY, YES. WHEN IT COMES TO RHETORIC AND TWEETS, THEY TEND TO COMBINE THESE THINGS AND DOESN’T REALLY HELP BUT CERTAINLY AS WE PROGRESS WITH TRADE TALKS, THEY’RE NOT GOING TO TALK ABOUT HONG KONG, THE FUTURE OF HONG KONG, BECAUSE IT’S NOT THEIR PLACE. AS THINGS ESCALATE IN HONG KONG, THAT WILL HAVE AN EFFECT ON TRADE TALKS. BUT I’M NOT SAYING THAT THEY’RE GOING TO TRY AND COMBINE THE TWO. IT’S LIKE SAYING WE’RE GOING TO NEGOTIATE OUR NATIONAL SECURITY CONCERNS AWAY WITH OUR TRADE CONCERNS. IT’S NOT REALISTIC. BUT LOOKING BACK AT WHAT THE EFFECT IT IS HAVING ON THE U.S. ECONOMY AND HOW THAT APPLIES, CERTAINLY THE CONGRESSIONAL BUDGET OFFICE JUST CAME OUT WITH A REPORT SAYING THAT TARIFFS ARE HARMING THE U.S. ECONOMY. IT’S A COST OF $600 A YEAR FOR THE U.S. FAMILY. LAUREN: AND THEY’RE HURTING THE CHINESE ECONOMY. BLOOMBURG OUT WITH A SURVEY AND THEY FOUND IF THERE IS RETALIATION NEXT MONTH BY BEIJING WHEN WE SLAP IMPORT TARIFFS ON CHINESE PRODUCTS, THAT COULD PUSH THE CHINESE ECONOMY TO GROW UNDER 6%. IT’S THE WEAKEST GROWTH THERE IN 30 YEARS.>>WELL, THEY’VE BEEN GROWING — THEY’VE BEEN TRENDING THAT WAY FOR A LONG TIME. THERE’S A LOT OF QUESTIONS ABOUT WHETHER THEY ARE TRENDING AT 6% ANYWAY. BUT YEAH, OF COURSE. I MEAN, TARIFFS HURT EVERYONE. THEY HURT US WHEN WE APPLY THEM AND WHEN THE CHINESE APPLY THEIR OWN IT HURTS THEM. LAUREN: RILEY, NOT TO INTERRUPT, BUT I WANT TO GET A LOT IN. WHAT COULD AN IMMEDIATE TRADE DEAL WITH CHINA, WHAT COULD THAT LOOK LIKE?>>I THINK WHAT IT COULD LOOK LIKE IS A BIG QUESTION. I THINK WHAT THE EFFECT IT COULD HAVE IS BE HE VERY POSITIVE FOR BOTH OUR ECONOMIES, POSITIVE AROUND THE GROWING SENTIMENT, GROWING UNCERTAINTY THAT’S BEEN BUILDING OVER THE LAST TWO YEARS THAT’S BEEN HAVING A NEGATIVE EFFECT ON BOTH OF OUR ECONOMIES. LAUREN: WHICH MAKES ME WONDER IF WE SHOULD JUST SIGN OR AGREE TO SOMETHING AND THEN FIGURE IT

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About the Author: Oren Garnes

100 Comments

  1. The slimy globalists would like nothing better than a recession to add fuel to their corrupt underhanded treason they are perpetuating on the planet it started with the kaiser in world war one and has not stopped.

  2. Sign or agree to somthing? Dumass, that's the whole problem, it takes time to fix, wake up, it's for the greater good of this country

  3. Trump is not ready for a Trade deal, the closer we get to the 2020 election, then we will see a deal. 4D chess. My guess is end of 3 quarter 2020. It depends on when is the best time to get the maximum amount of mileage and votes, that's your China trade deal date.

  4. There you go mainstream media keep pushing for that recession that'll never happen! But keep pushing the narrative so you can get some people on board! You're using Quantum manifestation on us! But we are awake!

  5. 2:59 I'm glad she not negotiating anything on my behalf. That's how John Kerry must negotiate, so weak it's repulsive.

  6. I think he lost all credibility when he says when mainland China invades. Well I am sorry to say he is misinformed . Hong Kong is indisputable part of China. How do you invade your own country? Does he really know what he is talking about? Fox gotta stop bringing so called experts biased or hardliners. It’s like asking Tim Cook if apple products are the best in the world.

  7. Reporter thinks we should just sign something with China🤦‍♂️. Sounds like a Democrat. We need to sign a good deal !

  8. CAN FOX GET MORE FEAR MONGERING, DECEPTIVE, MANIPLATIVE FACT TWISTING?

    AMERICANS AND LEGAL IMMIGRANTS KNOW THIS ELECTION IS ABOUT ……. OUR CONSTITUTION, OUR FREEDOMS AND LIBERTIES, OUR COUNTRY "AMERICA " , AND OUR SAFTY!

    WHAT HARD TIMES THESE DEMOCRATS LIBERALS AND MEDIA TRY TO CREATE. WE CAN WORK PAST….. WE ARE A STRONG PEOPLE.

    WE MUST SAVE OUR COUNTRY FROM……….. OPEN BORDERS AND SOCIALISM… WHERE THEY CONTROL EVEN THE WORDS WE ARE ALLOWED TO SAY. WHERE THOSE WHO WORK GAVE OVER HAFE THEIR PAY FOR OTHERS TO LIVE OFF OF.
    WELL AFTER THOSE IN AUTHORITY TAKE MOST OF IT . THEY SPREAD OUT THE CRUMBS.
    2020 IS ABOUT HAVEN A COUNTRY…….

  9. Everybody stop commenting…yall dumb…oh yeah, dnt open ur mouth ever again too…Over 211 years of teaching Physics…There is no such thing as a physical realm.(Matter) So stop taking and teaching physic’s….It’s a Evolutionary realm(Anti-Matter). LATHE PROTOTYPE the 1st machine dat built everything. Who built that….Nobody built it. It Evolved. Do not perpetuate a MYTH! The Anti-Matter Machine yall built 2 study Anti-Matter is Anti-Matter…dnt say a word…otf…Lmao….Satan

  10. Due to all the crap in my feed by here I unsubscribed. You have this, yesterday can a Republican bet Trump. It’s like FOX is trying to inject chaos when there was none before.

  11. Face it people recession is coming even without these protest in Hong Kong and trade wars. Economic are cyclical periods, it goes up and it goes down, roughly every ten years. Same goes for real estates, the last downturn was the Freddie and Fanny Mac and subprime loans (2008). Time to move your money to conservatives and safe havens and ride out the storm.

  12. Global recession is not as bad as China communist party crack down and China bankrupt with debts. Not a bad look for Beijing, it makes Beijing looking bad.

  13. When America is strong and not letting other countries take advantage of us the “global economy” will catch a cold. Buy Made in the USA = no tariffs

  14. WHAT DOES EVERYONE THINK GOING TO HAPPEN TO THE ECONOMY WHEN WE HAVE A SEVEN TIME BANKRUPT
    DRAFT DODGER President

  15. Trump actually messed up .Dont blame it on hong kong now , he tried to do too many things at once as such he made enemies of multiple nations at once , he should just have stuck to one thing at a time . He is a good man but he made a mistake .

  16. Lol Trump (& his one man War on Global Trade) will be responsible for the Global Recession. Nice attempt at deflection though. Start early. And strike often with your disinformation campaign of alternative “facts”

  17. Their idea of global recession is…

    👉 America is NOT giving out free handouts (American Tax-Payer Dollars) to foreign nations anymore.

  18. These brave Hong Kong protesters have so much passion. They have so much confidence in a "new" Hong Kong without China. Even Lee Kuan Yew did not have this much confidence when Singapore became independent (LKY even cried on national TV). This confidence bodes well for HK. The youth are HK's future. Power to the youth! HK forever.

  19. Bad look on China? It does not affect China a all, it rather straightens mainland position on what they have been doing is most correct for everyone on the planet.

  20. Global Economy.. Code for ripping America off for the last 30 years.. As Companies flocked overseas to the Communist. Problem is. China will fold if they invade Hong Kong. As They already lost $trillions in investment capital fleeing the Country. They can't afford to lose $trillions of US companies fleeing China..

  21. No. Fiat currency creation, bailouts, overborrowing, easy credit, over leveraged corporate bonds, inverting treasury bond yields, and weaking purchasing power WILL. Stupid shill liars

  22. Americans would never take any pain when it comes to the future security of their nation or safety of their businesses. We are weak and won’t stand on anything.

  23. I don't mind. I have sold out all my stocks and brought more golds. If there is war, I don't need to do anything. Everyone will die. 🙂

    Go ahead. I am ready.

  24. EVIL👾 CHINA👾👻☝️☝️☝️☝️ ECONOMEY.👎👎👎👎 IS NOT EVIL CHINA 🇨🇳☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️MOMEY ,THOSE MONEY☝️☝️☝️ MY MONEY ,☝️☝️☝️ THOSE MONEY IN EVIL 👾CHINA🇨🇳 HAS THEM ,☝️☝️ IS NOT👎 CHINA MONEY ,🇨🇳 THOSE☝️☝️☝️☝️☝️☝️ MONEY , IS MY☝️☝️☝️☝️☝️☝️ COUNTRY MONEY. 3 HEAD👹👾 🇨🇳HEADS.🇨🇳 EVIL CHINA🇨🇳👾☝️☝️☝️☝️☝️ ROBBED OUR COUNTRY ,☝️☝️☝️☝️☝️☝️ EVIL 👹CHANA 🇨🇳☝️☝️☝️RBBOED OUR. , ☝️
    MONEY☝️ THAT'S WHY. ((( THOSE MONEY ))) ☝️☝️☝️👎EVIL CHINA 👹🇨🇳HAS THEM☝️☝️☝️☝️☝️ ARE BLONG TO ME ,☝️ THOSE MONEY ARE BLONG☝️☝️☝️ TO MY COUNTRY ❤☝️☝️☝️, THOSE MONEY ☝️☝️☝️ARE☝️ BLONG TO US☝️☝️☝️ ,)))) THOSE MONEY ARE NOT 👎👎👎BLONG👎👎 TO EVIL CHINA 👹🇨🇳, BY JESUS GOD WOULD BE DISTRIES👎👎👉🏽 EVIL CHINA 🇨🇳THEN☝️☝️☝️ GOD BRING MY MONEY💰💰💰💰💰☝️☝️☝️ BACK ME , BACK TO. OUR COUNTRY AND GOD BRING OUR MONEY BACK TO ALL OF FROM. EVIL CHINA. TO ALL OF US AMEN AND GOD WOULD BRING BACK OUR MONEY TO OUR COUNTRY AMEN AND GOD WOULD BRING BACK OUR MONEY TO ALL OF US , FROM EVIL CHINA👹 🇨🇳☝️☝️☝️☝️ TO OUR COUNTRY AND TO ALL OF US ☝️AMEN SO , BY JESUS NAME. ……………………….
    DEED TO CHINA AMEN , BY JESUS NAME , GOD BLESSES MYSLIFE AND GOD BLESSES MY COUNTRY AND GOD BLESSES MY PEOPLE AMEN IN JESUS NAME AMEN PRISE THE LORD AMEN .

  25. Invades????? Are you serious ? Riley, HK is part of China!!! There is a 6000 poeple Chinese army which stations in HK all along. You need to get your facts straight perhaps Google it. It is like saying US invades New York. Oh my. Hong Kong protestors had occupied the airport and were left along in the first few days. Where in the world do you get that kind of freedom? Get educated folks.

  26. Hong Kong Protest to TRIGGER a GLOBAL RECESSION? What logic ?? LOL. Ha Ha Ha.
    Shallow idea. Laughable stuff.

  27. Jesus fox you have to realize America is the one causing a decent amount of stability. Just look at how our economy is built on dept not just government dept but private individuals as well.

  28. [email protected] socialist in the USA would rather be ALIVE than FREE. Our deluded youth will no doubt usher in socialism within the next 25 years. We need to fix our public school system. It is the root cause of the collapse of our society. Fix the school system…

  29. why the Hong Kong protest happen during CHINA AND USA TRADE WAR ? why USA sell weapons to Taiwan during CHINA AND USA TRADE WAR? many pictures show that CIA workers teach Hong Kong protesters how to flight with the policemen. no one care?

  30. The American style of “Freedom of Speech” – Twitter, FB & YT closed down tons of pro-China members’ accounts in related to current Hong Kong chaos!

    Hey, social media companies & US govt, are you guys just want to retain a/cs that pro-west & black shirt rioters only! If yes, where is the freedom of speech? Do you still have the right to criticize China on freedom of speech anymore? Are you not ashamed of yourself?

  31. If there is a world recession pls don't blame HK.Blame Trump who started a trade war with China. Is Fox news, which everyone knew is a very biased news broadcaster n favour Trump, now trying to push the blame to China

  32. TIME TO DEAL WITH CHINA ONCE IN FOR ALL!!!! WORLD BOYCOTT ON CHINA!!!!! LET HONG KONG BE FREE WITHOUT ANY BAD COMMUNIST INFLUENCE!!!! LOVE HONG KONG AND WHAT YOU STAND FOR!!!!! TOTAL BANN ON Huawei PRODUCTS WORLDWIDE!!!! TIME TO SAY NO TO CHINA!!!!

  33. No, but the old silly Trump could trigger a global recession…never mind, he has made great profits from the stock market…lol

  34. china arrogance about Hongkong will break soon… When Hongkong has-been developed by Britishers then There was nothing in china and economic was on ventilator. Hong Kong isn't china. And time has come Hong Kong democracy lover state will separate from china.

  35. Can't blame Hong Kong but sure can blame Trump. Whenever the guest speaks the truth like "tariffs hurt America" she quickly interrupts to shut him up.

  36. Even if it’s true. I don’t care about the cost to higher for US consumer such as myself. What I care is to stop China bully America and the rest of the world. China has taken advantage of the US for a VERY LONG time. America stop thinking short term gain, but long term gain.

  37. CNN and Fox News will fall into recession when the peaceful protesters get tired of violence and the rest mob protesters get arrested, because no news is bad news for these mainstream media…. 😜

  38. If the label says Made in China, Don't buy it! …..and if anything you have bought has a Made in China label, …..Return for Refund!

  39. The economic boom and bust cycle is built into the capitalist system. With each and every bust, the gap between the nations poor and ruling class rich grow wider dispelling the myth that says "Capitalism improves the condition of lives for everyone." The myth or lie rather is all that hold the fabric of society together for without it, anger would spill out onto the streets and remove the modern day social order and replace it with one conducive to real human rights and democracy in the workplace where one spends most of their life.

  40. FOX NEWS ARE SUCH LIARS, TRYING TO BLAME THE COMING RECESSION ON HONG KONG, AND NOT THE BILLIONS IN TAX CREDIT CUT, TO THE WEALTHIEST 1%.

  41. China extradition means complete surrender of democracy to absolute dictatorship and complete lawlessness by the total puppet state of Hong Kong government.This is exactly what it means.

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