Beijing casts doubt on US-China trade talks

Beijing casts doubt on US-China trade talks


MUCH. GREAT TO HAVE YOU, AS ALWAYS. LAUREN: BEIJING IS REPORTEDLY DOWNPLAYING PRESIDENT TRUMP’S CLAIM THAT CHINA WANTS TO RESUME TRADE TALKS. REBECCA WALSER IS HERE. REBECCA, GOOD MORNING.>>GOOD MORNING. LAUREN: OVERNIGHT WE SAW OPTIMISM TURN INTO SKEPTICISM. HOW DO INVESTORS PLAY A MARKET THAT IS COMPLETELY HEADLINE-DRIVEN?>>WELL, I THINK YOU HAVE TO BE IN IT FOR THE LONG GAME. AT LEAST A LONGER GAME THAN DAY-TO-DAY AND TWEET TO TWEET. THIS IS A LONG STRATEGY PLAY. THIS IS NOT A SHORT-TERM STRATEGY. THIS IS A LONG HAUL. AND SO IF WE’RE GOING TO BE GOING TWEET TO TWEET, CALL TO CALL, WE’RE GOING TO HAVE VOLATILITY AND INVESTORS DON’T LIKE THAT. LAUREN: IT HAS SEVERE CONSEQUENCES. MORGAN STANLEY IS WARNING OF A GLOBAL RECESSION IF THE U.S. RAISES THE TARIFFS ON CHINESE IMPORTS TO 25% AND CHINA RETALIATES. THAT’S A BIG DEAL, A GLOBAL RECESSION.>>OF COURSE. YES. ABSOLUTELY. I TOTALLY AGREE WITH YOU. THIS IS GOING TO BE PAINFUL. THIS IS DEFINITELY NOT SOMETHING THAT IS EASY TO DO, TO UNWIND TO AN EXTENT THE U.S.’S DEPENDENCE ON CHINESE SUPPLYING OUR WALMART AND OUR TARGETS AND BASICALLY OUR CHEAP GOODS IS VERY PAINFUL, LAUREN. IT’S GOING TO HAVE AN IMPACT, YES. LAUREN: WILL IT IMPACT CONSUMERS? THE DIALOGUE WE’VE GONE WITH WITH-QUITE FRANKLY, THE DIALOGUE WE’VE SEEN IN THE DATA IS THE CONSUMER REMAINS STRONG. WE GET A CONSUMER CONFIDENCE NUMBER THIS MORNING. DO YOU EXPECT THE CONSUMER TO START TO GET NERVOUS AND PULL BACK?>>I THINK WE’RE GOING TO PROBABLY SEE A NUMBER MORE ALONG THE LINES OF JUNE WHERE TRADE WAS MORE OF AN IMPACT, BEFORE THE REBOUND IN JULY. I EXPECT WE’LL SEE A LITTLE BIT MORE VOLATILITY BECAUSE WE HAVE HAD THIS MONTH PRETTY MUCH DOMINATED BY A TIT-FOR-TAT ON THE BACK AND FORTH BETWEEN US AND CHINA. LAUREN: LET’S SAY THE CONSUMER DOES PULL BACK AND THEN YOU HAVE THOSE BIG NAME MOMENTUM TECHNOLOGY STOCKS, THE SO-CALLED FANG TRADE, THEY’RE 20% OF THE BROADER MARKET. THEY’VE PULLED BACK IN THE PAST YEAR. SO IF THEY’RE NOT FUELING GAINS OR QUITE FRANKLY LOSSES RECENTLY, WHAT’S THE NEW TRADE?>>YOU KNOW, LAUREN, THAT REMAINS TO BE SEEN. THERE’S ALWAYS SOMETHING THAT’S GOING TO COME OUT, JUST LIKE THE OLD DAYS. WE HAD BEFORE MICROSOFT, ORACLE, INTEL AND FANG STOCKS NOW HAVE BEEN THE BET FOR THE LAST — THEY DON’T TRADE UNILATERALLY. THEY EACH HAVE THEIR OWN ISSUES THEY’RE DEALING WITH. THEY’RE NOT MOVING UNILATERALLY AS A BLOCK ANYMORE AND EACH OF THEM HAVE THEIR OWN ISSUES, OBVIOUSLY. FACEBOOK WITH PRIVATE CIRCUMSTANCE GOOGLE WITH COMPETITION AND DATA PRIVACY AND CENSORSHIP. YOU’VE GOT AMAZON WITH WALMART AND TARGET DOING SO WELL, WITH SUPPLY CHAIN AND GETTING OUT THERE AND EXPANDING DISTRIBUTION THERE AND EXPANDING DISTRIBUTIOD THERE AND EXPANDING DISTRIBUTIOS THERE AND EXPANDING DISTRIBUTIOR THERE AND EXPANDING DISTRIBUTIOB THERE AND EXPANDING DISTRIBUTIOT THERE AND EXPANDING DISTRIBUTIOO THERE AND EXPANDING DISTRIBUTION AND NETFLIX USING SUBSCRIBE R AND NETFLIX USING SUBSCRIBERS FOR THE FIRST TIME. LAUREN: YES OR NO, THIS IS THE WORST TIME FOR THE DOW IN EIGHT YEARS, IS IT A TIME TO BUY OR YOU STAY AWAY?>>IF YOU’RE IN IT FOR THE SHORT GAME, WE HAVE A LOT OF VOLATILITY. LONG-TERM, IT’S GOING TO BE PAINFUL AND WE’RE GOING TO HAVE TO DEAL WITH THIS CHINA ISSUE

77 thoughts on “Beijing casts doubt on US-China trade talks

  1. This is China's karma for those falun gong followers who had their organs removed for believing in peace and meditation.

  2. For God sake why don't we have a look at history trump has 6 bankruptcies … most obviously he is bankrupting the entire United States

  3. I am tired of the United States depending on China for our goods. Cut these basta – – – off and bring our jobs back to this country. Go Trump

  4. Am not worried of the recession, we got a God-sent, the best president, the smartest, who recently called himself the chosen one…. ha ha haaa haaaaa he will save us from anything bad which is going to happen.

  5. So China saying they want their trillion dollars paid off Trump said well we don't have it but what I can do is collect Tarrifs from you and then just pay you back the tariff money I'll have to lie to the American people saying it's going to them but it's actually going back to China that is so they'll be getting it for free but will be paying off a debt

  6. Fox News is skeptic about Trump’s tariffs?
    It’s time to panic!!!
    Seriously, take a 2 years vacation on a third world country now before is too late. Come back wen the next democrat president fix the economy.

  7. I like those charts, with the numbers spread out to make it look like the markets took a big hit. Check your 401k they still growing like weeds.

  8. They are different sect in China government, some wants to talk other don’t. I can’t even control his own party. That’s why Liu agree upon talk suddenly canceled because they are having internal struggle.

  9. Unfortunately, for our farmers …. there is an American company named Blackstone who is setting the Amazon on fire right now for more soy bean farms. They are going to be China's new trading partner. And make billions . Luckily , for the owner of this co Shcwarzman x he is a close friend of Donald trump and his biggest donor , also chaired trumps strategic and policy forum in the white house . They have also given 10 million to Mitch McConnell super pack .
    So yes, the global markets and economy is going to get extremely rocky for most of us . World wide ….cause some spoiled rotten greedy rich con men are running the world right now (almost). Like trump x who said America is now open for business when he claimed the presidency . And unfortunately , the farmers lives and livehoods have already been sold off .as well as our national parks , wet lands . America has become a predators play ground .
    For the land of the greedy ….And the home of the depraved ….

  10. China is not working with the USA on Tariffs. China is lowering tariffs to other countries like Australia, New Zealand, Asia, Europe etc (RUSSIA). When USA puts Tariffs on Chinese goods and US consumers no longer buy Chinese products because the tax on them makes the cost too expensive, you will see products from Vietnam on your shelves. You will not see factories open in the USA because the cost to produce is too high in the USA. Soyabean farmers and wheat are now being imported to China from Russia.

  11. Far more U.S. goods are imported from Canada and Mexico. China is a distant third so please explain Fox why you scared bro?

  12. a strategy play implies a clear goal. political grandstanding notwithstanding, there is no clear goal. don't delude yourself by expecting one. ask yourself what it's going to look like.
    trashing markets one has never been involved with is not skill and does not denote acuity thereof.

  13. good, the US survived just fine for 2 centuries without China and it will continue todo fine without it. until China becomes a multi-party government they wont be trustable.

  14. Trump should just Ban all goods made in China period so I am happy that China agrees and should stay out of the US or China leadership needs to change their ways.

  15. So, China is losing the trade war anyway and all they'll do is take it out in their own people like they all ways do, maybe the Chinese people should rise up and overthrow their government and become part of America.

  16. Oh well to bad there’s nothing wrong with a little bit of struggle in life.. i’d rather be poor out on the street then having the Chinese conquer America…

  17. Looks ok to me. GUYS AND GIRLS THE WORLD, ESPECIALLY CHINA ARE RIPPING US OFF!!!!
    WAKE UP AMERICANS, OUR TAXES!!!!!!!! PLEASE SEARCH YOURSELF!!

  18. They're will be a great tax cuts refund etc for the next 5 year's. You watch and see. Allllll the deals are for us. We will reap, y'all will see….catch up, drain the swamps of all American Agencies!!! Corrupt Politicians, " sanctuary states etc…
    These thieves will be exposed, including the Untouchables!!!

  19. Who cares? The USA should never have traded with China to the extent that it became. THEY ARE GODLESS COMMUNISTS!! WTF ARE WE DOING HELPING THESE FUCKS?? Screw em.

  20. Trump is a habitual liar, and even when he is trying to be factual he will exaggerate and make unsubstantiated comments. The worst problem with this behavior is that his moronic ' deplorable' base believes this sheet.

  21. The 💩🤡 say China will pay for the tariffs. China is eagerly wanting to make a deal.

    China say 🖕🏽🖕🏽🖕🏽 💩🤡 in your dreams. 😂😂😂 we got better bigger things to do. 💪🏽

  22. Slavery is immoral. China is a brutal communist dictatorship in which workers are slaves to the state. Trade with China is immoral. It has to stop.

  23. To my liberal friends, and yes I tend to be liberal and progressive, THIS MUST HAPPEN. Although I don't like Trumps tactics in many things China must be confronted! Their goal is nothing short of gaining the upper hand until we are subject to their wishes. Remember, the Chinese will lie and cheat to achieve their objectives just like Iran, Russia, North Korea. I don't like the blame game however, one truth, which is a bit rare, coming out of Trumps mouth is the fact that this confrontation should have happened many decades ago. It was Bill Clinton that did the REPUBLICAN'S bidding to establish globalization and the demise of the industrial capacity of the USA. Trump won the election on this issue and immigration, that is very clear. Until my friends in the democratic party establish policy on these two subjects they stand a good chance of never gaining control again. If we do not confront China on trade and do not confront them on human rights abuses we will end up in a military conflict one day. Better now then when they have military might comparable to ours or superior, that is their goal. People need to imagine the economy post war with China and stop whining. This crying over discomfort displays a lack of fortitude and is a sign of weakness. We could gain much needed political influence in nations that have food shortages by buying the crops from our farmers and feeding nations that are challenged by food shortages.

  24. First and foremost, I'm not a Trump supporter. However, he is the 1st president to address the huge trade deficit resulting largely China's unfair trade practices (assisted corporate elites selling this country out). I'm weary of all this bellyaching over the tariffs and prognostications of its deleterious impact on the economy WITHOUT HEARING ANY ALTERNATIVES on addressing the trade issues. For me, this is an issue worth fighting. I'll give Trump credit for this.

  25. "Casts Doubt" = the fat orange moron made the whole thing up, and his cult of imbeciles believe him without question.

  26. I don't blame China. How do you make a deal with a madman? Dude's "goals" change like the weather in Summertime Florida.

  27. Trump lied to try to jolt the markets. He is not smart enough to win this, and his supporters aren't smart enough to see through this BS.

  28. Trump doesn't know how to talk to asian people, he has no honor and they know it. So he doesn't get any respect, he can talk all day and they just laugh at him. This self proclaimed deal maker couldn't make a deal with a dog catcher.

  29. Did anyone think the Chinese were going to just lay down? They are waiting to see if Trump gets re- elected. They would rather deal with the Democrats, that's a no brainer.

  30. China’s ideologies and government will eventually be their downfall. They have too many human rights issues to tackle before they become the next world superpower.

  31. I thought American's were told we won't be a dime because of this…. Now everyone is saying, it's gonna be painful.. Thanks for the heads up

  32. This is the problem that I here. Being dependent on China for anything. Cheap goods are just that. Cheaply made and will not last. All these years ,we made things on this country that people could buy and could afford. So explain how we have come to the conclusion that this is not possible today.

  33. Is funny how the orange chief always say "I am the king of trade, trades are easy, I know more than anyone else on trades" China says "NO Deal" and Fox is like "well this is not easy, this of course is going to take a long time" lol This is like parents making excuses for their kids failures.

  34. Does China even need the US? Seems they can afford to strong arm the US because they have everything there…we import like crazy…for more than we export

  35. It is laughable and scary at the same time when 2 authoritarian leaders negotiate with threats, fakes, lies, half-truths etc. The market is also a joke because they can't deal with the unpredictability of these leaders. They usual know exactly what the giveth will do with small areas of uncertainty because they have purchased it with lobbiests, dependant parties and legislators.

  36. Soooo, Trump was lying again in regards to "how well" talks are going. "They want to get a deal done" and the phone call that he said he had with Xi (his aids later confirmed he never had that call and Chinese officials also said same thing) which affected the stock market. Nobody can believe a word Trump says.

  37. The World Economy relying on False or Made-Up Money !!! How stupid have we become where money is concerned, I wonder !!!

  38. It's a sad state of affairs when China is more reliable than the White House. Almost no one is honest about this trade war really being about patents and copyrights that companies hold and use to manufacture all the junk we buy here on the cheap from China.

  39. That's a no brainer….. i believe tRuMps game plan is to "wait" till the last minute," just so he can take credit for what I believe will be his BIGGEST con yet😳

  40. Why are Americans so willing to get stiffed by China?? We should be applauding Trump! China managed to almost completely diminish their lower class and bring them up to middle class, why? Because the worlde #1 economy, the USA, was giving them billions of dollars. What if those billions came back to the USA?? Could you imagine if we lifted a majority of our people out of poverty and into the middle class???? Wouldnt that be better??????? Am I crazy??!?!?!?!?!?!??God bless the USA

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