Dan Geltrude: Trump Is ‘Weaponizing’ Our Economy Against China; ‘We Can Win a War of Attrition’

A lot of what ░░░░░░░░ going on here has ░░░░░░░░ the focus on this ░░░░░░░░ the focus on whether ░░░░░░░░ accuser ever gets to ░░░░░░░░ Ongoing issues about who ░░░░░░░░ when But after all ░░░░░░░░ that we miss the ░░░░░░░░ record for the Dow ░░░░░░░░ S P 500 and ░░░░░░░░ s important to find ░░░░░░░░ couple of minutes ago ░░░░░░░░ president tweeted the new ░░░░░░░░ records are being set ░░░░░░░░ a daily basis And ░░░░░░░░ is not by accident ░░░░░░░░ could explain whether records ░░░░░░░░ happening Because there is ░░░░░░░░ all this other stuff ░░░░░░░░ are focused on the ░░░░░░░░ stuff Let s go ░░░░░░░░ fox business Susan Lee ░░░░░░░░ News contributor John Dan ░░░░░░░░ with you He does ░░░░░░░░ a point A lot ░░░░░░░░ chaos going on but ░░░░░░░░ really think this is ░░░░░░░░ by a feeling of ░░░░░░░░ about the market You ░░░░░░░░ not like President Trump ░░░░░░░░ may not like the ░░░░░░░░ that he says and ░░░░░░░░ and everything else but ░░░░░░░░ think the market and ░░░░░░░░ lot of people really ░░░░░░░░ what he is doing ░░░░░░░░ far as the economy ░░░░░░░░ Tax cuts maybe tax ░░░░░░░░ 2 0 And you ░░░░░░░░ the regulation These things ░░░░░░░░ fueling the market and ░░░░░░░░ making people feel really ░░░░░░░░ about where the country ░░░░░░░░ heading Yes and earnings ░░░░░░░░ not politically biased right ░░░░░░░░ earnings have been very ░░░░░░░░ They continue to defy ░░░░░░░░ Maybe that is it ░░░░░░░░ it is pretty clear ░░░░░░░░ the most part ignoring ░░░░░░░░ of these political things ░░░░░░░░ s right It is ░░░░░░░░ noise to the peewee ░░░░░░░░ at the actual fundamentals ░░░░░░░░ businesses they are making ░░░░░░░░ ton of money 25 ░░░░░░░░ in the first watt ░░░░░░░░ month of the year ░░░░░░░░ percent this quarter The ░░░░░░░░ it is not a ░░░░░░░░ most of the T ░░░░░░░░ Screens by the way ░░░░░░░░ New York Stock Exchange ░░░░░░░░ this channel and fox ░░░░░░░░ As they should be ░░░░░░░░ is going on here ░░░░░░░░ live in two different ░░░░░░░░ We live in a ░░░░░░░░ with the market which ░░░░░░░░ based on the economy ░░░░░░░░ actually working off the ░░░░░░░░ right now what you ░░░░░░░░ to do You do ░░░░░░░░ the work of the ░░░░░░░░ s Twitter line or ░░░░░░░░ else coming out They ░░░░░░░░ the guy so much ░░░░░░░░ he certainly been gold ░░░░░░░░ them When they were ░░░░░░░░ noise or reverberations that ░░░░░░░░ into a little bit ░░░░░░░░ about whether he was ░░░░░░░░ to record him or ░░░░░░░░ to look at the ░░░░░░░░ amended to get rid ░░░░░░░░ him and then his ░░░░░░░░ justice a possibility under ░░░░░░░░ and might not make ░░░░░░░░ to the high court ░░░░░░░░ that wear them Think ░░░░░░░░ His policies that are ░░░░░░░░ are already in place ░░░░░░░░ I don t think ░░░░░░░░ s in the realm ░░░░░░░░ possibility that the policies ░░░░░░░░ place He of all ░░░░░░░░ these political scandals it ░░░░░░░░ little effect historically on ░░░░░░░░ market People like low ░░░░░░░░ cuts and people do ░░░░░░░░ like the tariffs I ░░░░░░░░ t like the tariffs ░░░░░░░░ think they are a ░░░░░░░░ idea I do not ░░░░░░░░ an offering for us ░░░░░░░░ China Trade is the ░░░░░░░░ It is such a ░░░░░░░░ percentage peewee import 2 ░░░░░░░░ trillion It is less ░░░░░░░░ 10 percent which is ░░░░░░░░ fraction of GDP You ░░░░░░░░ a fraction of a ░░░░░░░░ It s not that ░░░░░░░░ Markets have beeunaffected by ░░░░░░░░ Look at the best ░░░░░░░░ this week It s ░░░░░░░░ which was caught up ░░░░░░░░ concerns do they stop ░░░░░░░░ planes It is the ░░░░░░░░ component for the week ░░░░░░░░ the way we are ░░░░░░░░ 55 percent since Election ░░░░░░░░ a record since November ░░░░░░░░ he was elected Also ░░░░░░░░ record for the S ░░░░░░░░ 500 I have a ░░░░░░░░ on that I understand ░░░░░░░░ is concerns late last ░░░░░░░░ we will explore this ░░░░░░░░ little later in the ░░░░░░░░ but you know we ░░░░░░░░ stopping the talks for ░░░░░░░░ time being And growing ░░░░░░░░ from Walmart and others ░░░░░░░░ this is going to ░░░░░░░░ an impact on shoppers ░░░░░░░░ be as soon as ░░░░░░░░ holiday season The noises ░░░░░░░░ there but to your ░░░░░░░░ it is ignored And ░░░░░░░░ do you think I ░░░░░░░░ that is just noise ░░░░░░░░ will tell you why ░░░░░░░░ we step back and ░░░░░░░░ do not get emotional ░░░░░░░░ this what are we ░░░░░░░░ First of all we ░░░░░░░░ a deal with Mexico ░░░░░░░░ do not think Canada ░░░░░░░░ far behind The president ░░░░░░░░ a shot unify North ░░░░░░░░ on trade I believe ░░░░░░░░ Europe will not be ░░░░░░░░ behind Why The oil ░░░░░░░░ They really going to ░░░░░░░░ that I think that ░░░░░░░░ comes around Now let ░░░░░░░░ look at the big ░░░░░░░░ he of Canada Mexico ░░░░░░░░ Now the next step ░░░░░░░░ of the leverage for ░░░░░░░░ The president may seem ░░░░░░░░ he s all over ░░░░░░░░ place playing checkers but ░░░░░░░░ s actually playing chess ░░░░░░░░ disagree We have a ░░░░░░░░ deal with Mexico I ░░░░░░░░ that China is playing ░░░░░░░░ and Donald Trump is ░░░░░░░░ golf Are they getting ░░░░░░░░ same game It s ░░░░░░░░ showing up and wrecking ░░░░░░░░ family car because you ░░░░░░░░ drunk and saying I ░░░░░░░░ my room Just because ░░░░░░░░ ve done something great ░░░░░░░░ the economy and you ░░░░░░░░ 100 percent correct by ░░░░░░░░ economy multiple speakers Their ░░░░░░░░ the marker Donald Trump ░░░░░░░░ a lot of the ░░░░░░░░ But the majority of ░░░░░░░░ credit The trade were ░░░░░░░░ not mean it s ░░░░░░░░ To me Tariffs go ░░░░░░░░ effect on Monday There ░░░░░░░░ been no impact so ░░░░░░░░ There has been no ░░░░░░░░ because the economy is ░░░░░░░░ good When we take ░░░░░░░░ China We have the ░░░░░░░░ at our back Related ░░░░░░░░ the economy Donald Trump ░░░░░░░░ making the right move ░░░░░░░░ essentially weapon I think ░░░░░░░░ economy against China they ░░░░░░░░ keep up with us ░░░░░░░░ can win a war ░░░░░░░░ attrition Where is the ░░░░░░░░ Where is the offramp ░░░░░░░░ President Xi ZThere is ░░░░░░░░ Let me talk about ░░░░░░░░ extreme things Let s ░░░░░░░░ that Judge Kavanaugh never ░░░░░░░░ it to the Supreme ░░░░░░░░ Then what I do ░░░░░░░░ think it has any ░░░░░░░░ Okay fine Next issue ░░░░░░░░ is also a lot ░░░░░░░░ folks being fired adding ░░░░░░░░ the stench of the ░░░░░░░░ Department he fires Rosenstein ░░░░░░░░ goes after his attorney ░░░░░░░░ and he does not ░░░░░░░░ until election to do ░░░░░░░░ Donald Trump has had ░░░░░░░░ biggest turn over since ░░░░░░░░ Reagan And the market ░░░░░░░░ not cared at all ░░░░░░░░ is doing great things ░░░░░░░░ the economy Worst case ░░░░░░░░ cleaning out of all ░░░░░░░░ these guys It will ░░░░░░░░ affect the market They ░░░░░░░░ out a lot of ░░░░░░░░ Goldman Sachs regime it ░░░░░░░░ not had an impact ░░░░░░░░ the market Donald Trump ░░░░░░░░ the CEO That s ░░░░░░░░ they do Clean house ░░░░░░░░ like a good Italian ░░░░░░░░ is a problem here ░░░░░░░░ have a lot more ░░░░░░░░ up.