YOU BACK IN WASHINGTON, VERY
SOON HELPING OR THAT IT FOR US
MY FRIENDS BACK TO YOU BOTH ON
THE FLOOR OF THE NEW YORK
DOT GREAT.
>> CONVERSATION THERE WITH JT
WHO IS LIVE FOR US FROM THE
WHITE HOUSE WHILE MARKETS HERE
AROUND GOING ON THIS THURSDAY
AFTER PRESIDENT TRUMP SAYS THAT
HE WE'LL MEET WITH THE CHINESE
VICE PREMIER WE ALL SAW ON
FRIDAY HIGH LEVEL TRADE TALKS
KICKED OFF AGAIN
IN WASHINGTON. WE ARE ALSO
GETTING REPORTS OF THE
ADMINISTRATION MAY BE MAKING
SOME CONCESSIONS IT'S ON US
COMPANIES SELLING CERTAIN
SUPPLIES TO FOLLOW A JOINING US
NOW TO DISCUSS IS MICHAEL THE
PORTFOLIO MANAGER AND MARKET
STRATEGIST AT ALTIUM WEALTH
GREAT TO HAVE YOU BACK AS
ALWAYS LET'S START WITH WHILE A
FIRST BECAUSE IT WAS.
UPON IN THESE TRAINING OCEANS
FOR A WHILE THE PRESIDENT NOW
SIGNALING THAT HE MIGHT BE
APPROVING SOME OF THE SPECIAL
LICENSE IS ONE OF THE SIGNAL
TO YOU ABOUT HIS STRATEGY WITH
THESE TRADE NEGOTIATIONS.
>> WITH THE WAY THAT I
UNDERSTAND THE SALES TO WHILE
AWAY IS THE YET THERE ARE
SUPPLIES INVOLVED
WITH WA WAY PHONES THAT ARE
REGULARLY AVAILABLE THROUGHOUT
THE WORLD THAT ARE NON
SECRETIVE NON. YOU KNOW
SENSITIVE SORT OF SURFING'S AND
SO THEY'RE GOING TO CONTINUE TO
ALLOW THOSE WAIVERS FOR THOSE
SUPPLIERS TO CONTINUE TO PROFIT
FROM WALL
AND SO WHAT'S WHAT'S LOST HERE
IS THAT THE U S
WANT TO DO BUSINESS WITH CHINA
IF THERE ARE THERE ARE A LOT OF
PROFIT THE SAME WAY THE CHINESE
ARE A LOT OF PROFIT THE
U S RIGHT AND SO
SOME TIME A MORAL AND
IDEOLOGICAL THINGS IN THE
BACKGROUND BUT IF THEY CAN
ALLOW US TO PROFIT THE WAY THAT
WE ALLOW OF THAT I DON'T WANT
TO LOOK THE OTHER WAY BUT
THAT'S THAT THE RECIPROCAL
TRADING RELATIONSHIP US.
>> AS WE KNOW NEGOTIATIONS
CONTINUING THIS WEEK, LET'S
UNPACK TRUMP'S TWEET FROM
THIS MORE TURNING IT IN
REFERENCE TO CHINA. HE SAID
QUOTE THEY WANT TO MAKE A DEAL
BUT YOU I WOULD VALUE IS THERE
AND PRESIDENT TRUMP BEING A
LITTLE COY THE MYSTERIOUS AND.
NOT SHOWING ANY
CARDS IN A SENSE IS THIS PUT US
IN A BETTER POSITION TO
NEGOTIATE LOOK I.
>> YOU KNOW WHAT THE US
ULTIMATELY WANTS FROM CHINA IS
WHAT THEY NEED CHINA HAS A
DOLLAR DEFICIT. THEY NEED I'M
THINKING KEEP PRINTING MONEY IN
HEIR OWN CURRENCY, BUT A
COUNTRY THAT'S YOU'RE 40 OR 50%
OF WORLD GDP WHILE LESS THAN
ONE PERCENT OF INTERNATIONAL
TRANSACTIONS SETTLED AND THEIR
LOCAL CURRENCY. IT'S BECAUSE
THEY PRINTED SO MUCH MONEY
HAVING SOMETHING LIKE
30 TRILLION IN LOCAL CURRENCY
SINCE
2001. IT'S ESTIMATED THAT 3040
OR 30 TO 40% OF THE
BANK LOANS ARE ALL THE BAD
LOANS JUST GETTING ROLLED OVER
THE BANKING SYSTEM IS MORE
LEVER THAT ANY OF THE BANKING
SYSTEM IN THE HISTORY OF THE
WORLD. SO WHAT WHAT THE US
ULTIMATELY WON WANTS IS FOR
CHINA OVER OF THE MARKET SO WE
CAN PROFIT FROM THEM THE SAME
WAY THEY PROFIT FROM US
AND SO IF CHINA WERE TO GIVE
ANALYSTS HAVE THE STEEL THEY
YOU KNOW IN THE SHORT THEY MAY
LOOK WEAK, BUT ULTIMATELY
WHAT'S GOING TO TAKE THEIR
COUNTRY TO THE
NEXT LEVEL WITHOUT A
COMPREHENSIVE TRADE DEAL WITH
THE US. IT'S GOING TO REALLY
PREVENT CHINA FROM REACHING ITS
FULL POTENTIAL.
>> AND THE ADMINISTRATION RIGHT
NOW IN A TRUCK YOU ARE WITH THE
SERIOUS STRATEGY. WHAT THE
STRATEGY NOW ON TRADE.
CAN THE PRESIDENT RISK OF
ANGERING REPUBLICANS
>> I THINK RUMORS OF THE DEMISE
THE US ECONOMY HAVE BEEN
GREATLY EXAGGERATED SO WE'VE
SEEN A SLOWDOWN AMANDA FAR
TRAIN IN
SURVEY DATA THAT WE'VE SEEN A
LITTLE BIT OF SLOWING GROWTH
AND I THINK THAT'S FROM A
LITTLE BIT OF A SLOWDOWN IN
INVESTMENT. HOWEVER, THE
CONSUMER 70% OF OUR AND WE'RE
SITTING IN LITERALLY THE
GREATEST LABOR MARKET THE
COUNTRY'S EVER SEEN ABOUT A
MILLION MORE JOBS AVAILABLE
THAN PEOPLE LOOKING WORK
FOR FOR 18 STRAIGHT MONTHS OF
THE WEEKLY JOBLESS CLAIMS ARE
RIGHT AROUND THE SAME LEVEL
THEY WERE THE 19 LATE 1960'S.
BUT THE LABOR FORCE IS DOUBLE
SO WORST. A DISPOSABLE INCOME
IS ALSO UP 17% OF THE LAST 3
YEARS AND THEN YOU LOOK AT HOW
THAT TRANSLATED CONSUMER
YOU READ BOOKS AND SOURCE SALES
CONTINUALLY UP 5 AND A HALF
6% YEAR OVER YOU AT YOUR
CONSUMER BALANCE SHEET DEBT TO
ASSETS LOWEST LEVEL IN 30
YEARS. WHAT IT TAKES IS JUST
THE DEBT SERVICE AS A
PERCENTAGE THOSE WILL INCOME
LOWEST LEVEL IN 30 YEARS,
THERE'S A TREMENDOUS
AMOUNT OF FIRE POWER FOR THE US
TO KEEP DRIVING THROUGH THIS IS
IT THE BEST THING TO DO FOR THE
ECONOMY KNOW, FOR US TO DEMAND
RECIPROCAL TRADING
RELATIONSHIPS WITH OTHER PARTS
OF THE WORLD I DON'T THINK IT'S
UNREASONABLE AND AT A CERTAIN
POINT YOU HAVE TO COME STAR
FIGHTING FOR THOSE. FOR FOR THE
U S.
>> GOING BACK TO PRESIDENT
TRUMP'S MOTIVATIONS.
HIS ADVISORS THE PEOPLE AROUND
HIM IMPACT HIS STRATEGY OVERALL
WHEN IT COMES TO THESE TRADE
NEGOTIATIONS WILL WORK OUT.
>> I THINK HE MAKES HIS OWN
DECISIONS BUT I THINK THOSE
CLOSEST TO HIM TALKING TO A LOT
RADAR, YOU KNOW AS WE WERE JUST
DISCUSSING THEIR TRUE BELIEVERS
SO PETER NAVARRO THIS HAS BEEN
ONE OF HIS
MAIN ISSUES. ALL 4 YANKEES
WRITTEN BOOKS FOR DECADES ON
YOU TALKED TO SOME OTHER GUYS
LIKE STEVE BANNON LIKE A CALL
ABOUT THAT REALLY THINK WE
SHOULD CALL ABOUT 6 WE SHOULD
CUT OFF TRADE WITH
CHINA ALTOGETHER. I'M STEVE
THINKS IT'S TERRIFYING THAT WE
WON THE GLOBAL SUPPLY CHAIN
THROUGH WHAT IS THE GREATEST
ENEMY, UNITED STATES HAS EVER
FACED SO THERE'S A LOT OF
PEOPLE THAT I WOULD SAY I WERE
DISCUSSING NOT TO START TALKS.
BUT REALLY MUCH FURTHER DOWN
THE SCALE IN TERMS OF TRUE
BELIEVERS THAT THINK THAT CHINA
NEEDS TO
BE CONFRONTED. AND THERE'S A
LOT OF GOOD REASON I'M IN CHINA
IS STEALING CLOSE TO HALF A
TRILLION DOLLARS A YEAR IN
LECTURE PROPERTY FROM THE US.
SO IF WE CAN GET AROUND THIS.
IT WILL BE MUCH MORE PROFITABLE
FOR
EVERYONE INVOLVED.
>> RIGHTS AND THOSE ARE AGAIN
THE REPORTS THAT THEY'RE FACING
OFF FOR THIS
TRADE NEGOTIATIONS. I WANT SOME
OF THE CURRENCY PACT TO THAT
COULD HAVE THEN IN THE EFFORT
TO SUSPENDED THE TARIFF
INCREASE EXPLAIN WHAT THAT
WOULD ACTUALLY ENTAIL A
CURRENCY
EXCHANGE PACKED.
>> TIME THERE HAS BEEN A
BELATED THEIR CURRENCY RIGHTS
AND SAID WELL THE PATS WILL
COUNTRIES. TRY TO
MANAGE THEIR MONEY AND HOW THE
EXCHANGES WORK AROUND THE WORLD
SO TRY TO CHINA TRIES TO FACE
THE REST THE WORLD ANEW LET'S
TOSS YOUR STAR TURNS OUT THE
LOCAL CURRENCY, WHICH
THEIR DOMESTIC ECONOMY THEY CAN
JUST KEEP PRAYING AND PRAYING
AND FEELING FEELING WHERE THEY
HAVE THIS SEPARATE KIND
THAT'S TAG OF US
DOLLARS WHICH DISTORTS THE
VALUE OF THEIR LOCAL CURRENCY
AND IT STARTS TO IT DISTORTS
THE WORLD MARKETS RIGHT BECAUSE
IN THEORY IT SHOULD BE MUCH
HARDER FOR THE AIR FOR THE
CHINESE THEY SHOULD HAVE
HAVE SOME
FISCAL DISCIPLINE AT HOME
BECAUSE THEY THE SHOULD THEY
NEED TO FACE OFF WITH THE REST
OF THE WORLD THAT THEIR
OWN CURRENCY. BUT THEY HAVE
THERE'S NO KIND OF SNOW.
THERE'S NO WALL THERE'S NO
BARRIER FOR THEM
TO STOP THIS PRACTICE WHERE
THEY CAN JUST PRINT PRINT RUN
OF DOMESTIC ECONOMY BASED ON.
YOU KNOW KIND OF FAKE
MONOPOLY MONEY AND THE FACE OFF
THE WORLD WITH THE REST OF
DOLLARS AND IT MAKES IT SO MUCH
EASIER FOR THEM TO.
PRODUCE AND MANUFACTURE
EVERYTHING THERE BECAUSE
THEY'RE BASICALLY USING LIKE A
PERMANENTLY A FAKE MONEY
AND THEY'RE FACING OFF WITH US
DOLLAR SO
THAT GIVES HIM AN EXTREME
ADVANTAGE WHEN TRADE WITH THE
REST THE WORLD BECAUSE GET IT
YOU KNOW, WHEN YOU PAY THOUGH
THEY HAVE TO PAY THE WORKERS
AGAIN WITH FAKE NOBLY MY THEY