Cheryl Casone: Trump ‘Upset Global Markets’ with Two Tweets

EXCERPT:

CASONE: "Well, better than 400 points to the down side now, thank you very much. Look, it's been six months of a lovely truce, but it looks like we’re coming to roost now. Two tweets, the President upset global markets, and this is how fragile these talks are with China. We could go from 10 percent to 25 percent on most Chinese goods by Friday, and then another $325 billion is now on the table, from what we're hearing from the White House, and from the President and his tweets. That’s everything that we import from China, all of it. Now, you can argue that’s a tax on the U.S. consumer. I would say it is, but the question mark and what investors are looking for, and Goldman Sachs put out a note this morning, what is that delegation going to look like that they're going to come, if they come, we know they’re coming, but is Liu He going to be here, the Vice Premier? Doesn’t look like it. That news that the U.S. talks were taken off of his schedule really upset investors. You had Shanghai, Asia markets all down. If they were open. 3.5, 5 percent losses. So this is two tweets, guys. Two tweets can take your markets down like this. It's pretty rough."