Charles Payne: We Have ‘Tremendous Leverage’ on China and Trade; ‘This Is Our Last Chance to Fix This’

EXCERPT:

PAYNE: "We were going to open flat and then all of the sudden we came up big. Big report out that the United States and China have restarted trade negotiations. What I find interesting about this is, before that report in China this morning, they came out with some key manufacturing data. One of their most important manufacturing pieces of manufacturing data had a 23-month low. They’re feeling the pain. I think it would behoove them to come to the table and cut a deal very quickly. And I think that’s why you saw the news this morning."
HEMMER: "So you think we have leverage on that?" [crosstalk]
PAYNE: "We have tremendous leverage on that. We have so much more leverage than anyone would expect. You know yesterday in the cover of the U.S.A. today they talked about soybeans being a mid-term election issue, there are a lot of people who even tried to write off Friday’s GDP report as a — as a -- you know, a sort of --"
HEMMER: "The gains are real."
PAYNE: "-- the gains are enormous and we can’t -- we can't underscore how much power America has becaue this is it. This is our last chance to fix this. This is the last chance, folks. If you like it the way it is now that’s fine, but it's not going to get better unless we make it better."