RUSH TRANSCRIPT Were invor ░░░░░░░░ ahead of a trade ░░░░░░░░ or not doing much ░░░░░░░░ after it Wall Street ░░░░░░░░ Scott Martin and Francis ░░░░░░░░ Stacy What do you ░░░░░░░░ happened Hey I think ░░░░░░░░ is so interesting Neil ░░░░░░░░ had so much enthusiasm ░░░░░░░░ Friday but the close ░░░░░░░░ Friday the market sold ░░░░░░░░ hard Today we have ░░░░░░░░ uncertainty coming from the ░░░░░░░░ state newspapers which is ░░░░░░░░ thing The more Trump ░░░░░░░░ he s enthusiastic the ░░░░░░░░ they will downplay it ░░░░░░░░ don t want to ░░░░░░░░ face they gave away ░░░░░░░░ kitchen sink and going ░░░░░░░░ the close the markets ░░░░░░░░ not fear this trade ░░░░░░░░ is falling apart The ░░░░░░░░ index was on the ░░░░░░░░ for the close Neil ░░░░░░░░ know Scott I was ░░░░░░░░ at some of the ░░░░░░░░ we know of the ░░░░░░░░ and it is a ░░░░░░░░ Better than where we ░░░░░░░░ Performance is not necessarily ░░░░░░░░ to where they were ░░░░░░░░ to any of this ░░░░░░░░ happening So when people ░░░░░░░░ on this more are ░░░░░░░░ going to get angry ░░░░░░░░ how do you describe ░░░░░░░░ Desperate The despondent maybe ░░░░░░░░ say phase one Neil ░░░░░░░░ like phase none I ░░░░░░░░ I think more time ░░░░░░░░ on that we frankly ░░░░░░░░ t get progress or ░░░░░░░░ back don t forget ░░░░░░░░ had a deal after ░░░░░░░░ aires a year ago ░░░░░░░░ had 150 page agreement ░░░░░░░░ walked away from and ░░░░░░░░ we re 6 12 ░░░░░░░░ later and still at ░░░░░░░░ bargaining phase table which ░░░░░░░░ weird to me And ░░░░░░░░ the takeaway was look ░░░░░░░░ this N B A ░░░░░░░░ from last week There ░░░░░░░░ a tweet sent out ░░░░░░░░ a Houston Rockets GM ░░░░░░░░ Hong Kong yes unsolicited ░░░░░░░░ unprovoked that China flipped ░░░░░░░░ about and almost tried ░░░░░░░░ cancel the whole N ░░░░░░░░ A In China for ░░░░░░░░ Does that tell you ░░░░░░░░ they want to do ░░░░░░░░ To me it shows ░░░░░░░░ we have hope they ░░░░░░░░ to the table and ░░░░░░░░ transfer ip theft currency ░░░░░░░░ we got to look ░░░░░░░░ Neil George the president ░░░░░░░░ saying this is a ░░░░░░░░ deal substance of the ░░░░░░░░ deal the jury is ░░░░░░░░ out It is improvement ░░░░░░░░ where we just were ░░░░░░░░ says when it comes ░░░░░░░░ countering this with the ░░░░░░░░ kiss this economic advance ░░░░░░░░ if you impeach him ░░░░░░░░ you get rid of ░░░░░░░░ of that get rid ░░░░░░░░ me what do you ░░░░░░░░ of that That is ░░░░░░░░ silly China is new ░░░░░░░░ empire one complaint with ░░░░░░░░ and how they are ░░░░░░░░ with this they are ░░░░░░░░ being tough enough It ░░░░░░░░ sliding and sliding how ░░░░░░░░ Chinese behave What you ░░░░░░░░ to do is make ░░░░░░░░ feel the pain and ░░░░░░░░ to come to the ░░░░░░░░ and cut a deal ░░░░░░░░ are not in a ░░░░░░░░ to do that we ░░░░░░░░ not putting pressure on ░░░░░░░░ to get them to ░░░░░░░░ that The deal Friday ░░░░░░░░ progress but limited progress ░░░░░░░░ have a lot further ░░░░░░░░ go to do right ░░░░░░░░ our country and what ░░░░░░░░ we cut with the ░░░░░░░░ whether President Trump or ░░░░░░░░ or Biden in the ░░░░░░░░ Neil You reminded me ░░░░░░░░ people base a lot ░░░░░░░░ decisions personal or business ░░░░░░░░ how they think things ░░░░░░░░ going or their own ░░░░░░░░ of whether anxieties are ░░░░░░░░ or so dangerous that ░░░░░░░░ are going to hold ░░░░░░░░ a lot of purchasing ░░░░░░░░ have been holding back ░░░░░░░░ plants and factorys and ░░░░░░░░ folks because they are ░░░░░░░░ about trade Individuals who ░░░░░░░░ argue similarly Less when ░░░░░░░░ comes to Christmas shopping ░░░░░░░░ but what do you ░░░░░░░░ of that and whether ░░░░░░░░ eased off that and ░░░░░░░░ everybody I think the ░░░░░░░░ are getting higher actually ░░░░░░░░ each side I mean ░░░░░░░░ the Trump side you ░░░░░░░░ impeachment and big ticket ░░░░░░░░ like washing machines and ░░░░░░░░ like that You see ░░░░░░░░ to see pricing increase ░░░░░░░░ to tariffs and differeenches ░░░░░░░░ tariffs Consumers will start ░░░░░░░░ feel pain Consumer is ░░░░░░░░ in the economy in ░░░░░░░░ of other numbers weakening ░░░░░░░░ think that China definitely ░░░░░░░░ to the table last ░░░░░░░░ to get tariffs for ░░░░░░░░ off the table But ░░░░░░░░ don t think they ░░░░░░░░ interested in backing down ░░░░░░░░ far I think even ░░░░░░░░ Trump takes the December ░░░░░░░░ off in interim he ░░░░░░░░ put them back on ░░░░░░░░ hit them hard if ░░░░░░░░ don t go along ░░░░░░░░ what they agreed to ░░░░░░░░ Friday and that is ░░░░░░░░ the market is pricing ░░░░░░░░ Neil This is a ░░░░░░░░ quarter not only for ░░░░░░░░ economy Scott but for ░░░░░░░░ not across the board ░░░░░░░░ do you see this ░░░░░░░░ out now that part ░░░░░░░░ this seems to have ░░░░░░░░ partly ironed out how ░░░░░░░░ that for hedging it ░░░░░░░░ the good news yeah ░░░░░░░░ ironed out I tell ░░░░░░░░ what Neil good news ░░░░░░░░ more this drags on ░░░░░░░░ more the market can ░░░░░░░░ forward to get used ░░░░░░░░ what we re in ░░░░░░░░ far as trade dispute ░░░░░░░░ is not news anymore ░░░░░░░░ sand at China in ░░░░░░░░ sand box If this ░░░░░░░░ on market can look ░░░░░░░░ fundamentals as Frances mentioned ░░░░░░░░ look at earnings reports ░░░░░░░░ few weeks may portend ░░░░░░░░ challenges companies have but ░░░░░░░░ to mitigate challenges and ░░░░░░░░ is able to look ░░░░░░░░ those potentially.