>> AND THE WHISTLEBLOWER
COMPLAINT AGAINST THE PRESIDENT
HAS BEEN RELEASED AND MARKETS
ARE REACTING THIS MORNING
STOCKS
TURNING LOWER MORE ON THIS
WE'RE JOINED BY DANIELLE TRUE
THAT MANAGING PARTNER AT
ALTITUDE AND CODE AND GREAT TO
HAVE YOU HERE WITH US TODAY.
SO MARK A TURNING LOWER
RIGHT UP SO THIS WAS REALLY
SAYS WHISTLEBLOWER COMPLAINT
WHAT DO YOU MAKE OF THE MARKET
REACTION.
>> I REALLY DON'T THINK IT'S
THAT BIG OF A DEAL RIGHT NOW I
THINK THE MARKET HAS BEEN.
MUCH MORE SENSITIVE TO LET'S
SAY CHINA TRADE NEWS TODAY THAN
THEY HAVE BEEN TO IMPEACH
IMPEACHMENT NEWS AND THE REASON
FOR
THAT IS IS THERE'S A LOT OF
SPECULATION ONE THING THAT WE
KNOW FOR SURE IS THAT THERE
WILL BE NOTHING BUT GRIDLOCK IN
CONGRESS GOING FORWARD NOW AS
WE KNOW THE MARKET DOESN'T SEEM
TO MIND GRIDLOCK BECAUSE IT'S
PREDICTABLE. WE KNOW WHAT'S
GOING TO HAPPEN WHICH IS
NOTHING. GOOD OR BAD FOR THE
COUNTRY, BUT I REALLY DON'T
THINK THE PRESIDENT IS
ULTIMATELY GOING
TO BE MOVE UNLESS THERE'S SOME
TYPE OF BOMBSHELL ON THE WAY I
THINK IF
HE'S IMPEACHED. I DON'T
NECESSARILY THINK THAT'S IT
BIG DEAL AS FAR AS THE MARKET
GOES I KNOW THAT MAY SOUND
CRAZY BECAUSE AS A COUNTRY WE
WE LOOK AT THAT SAY HEY IT'S A
BIG DEAL. BUT THE HOUSE OF
REPRESENTATIVES WE WOULD
IMPEACH THE PRESIDENT BUT
ULTIMATELY WHAT CHANGES NOTHING
UNLESS
HE'S REMOVED.
>> WELL MOVE MARKET MOVEMENTS
OVER THE LAST FEW MONTHS HAVE
BEEN DRIVEN BY TRADE HEADLINES
RIGHT
DOES THIS DISTRACT THE
PRESIDENT FROM REACHING A DEAL
WITH CHINA ANY
TIME SOON. I DON'T I DON'T
THINK SO I THINK THIS WILL BE
MUTUALLY EXCLUSIVE AS TO WHAT
HAPPENS
WITH CHINA. NOW I HAVE BEEN
SAYING THIS FOR A WHILE NOW I
WOULD NOT BE SURPRISED IF CHINA
STALLS THIS
DEAL OUT BECAUSE IN THEIR VIEW
THEY MAY SEE THE PRESIDENT AS
BEING ALL THE RUBBLE IN THE
2020 ELECTION. I BELIEVE CHINA
THINKS THEY CAN GET A BETTER
DEAL WITH
SOMEONE ELSE OTHER THAN
PRESIDENT TRUMP SO I REALLY
DON'T THINK THAT WE'RE GOING TO
SEE
ANYTHING MAJOR HAPPEN, ALTHOUGH
IT WAS INTERESTING RIGHT THE
PRESIDENT YESTERDAY SENDS OUT A
TWEET SAY BECAUSE THE MARKETS
WERE WE'RE MOVING IN THE WRONG
AND BASED UPON THIS IMPEACHMENT
HE SENDS OUT A TWEET SAYS
YOU KNOW WE MAY BE CLOSER THAN
YOU THINK TO A DEAL AND THEN
THE MARKET REACTS GOING UP.
SO IT SEEMS LIKE THERE'S A HOME
GAME GOING ON.
>> CHINA AS YOU SAID IS MAYBE
MORE INTERESTED IN PROLONGING
THIS WHAT ARE THE IMPLICATIONS
OF THE MARKETS GIVEN THAT THERE
MIGHT BE MORE
TARIFFS OR COMPANIES WILL START
TO FEEL THE HEAT
WERE APPROACHING HOLIDAY SEASON
REALLY IMPORTANT SHOPPING
SEASON, THIS FALL, WHAT ARE THE
IMPLICATIONS OF THIS BEING
DRAGGED OUT THAT
MUCH LUCK.
>> I DON'T THINK THAT WE'RE
GOING TO SEE A POSITIVE
REACTION FROM THE MARKETS THAT
THE LONGER
THAT THIS. A TRADE WAR
CONTINUES AS IS
HOWEVER I THINK THAT THE
PRESIDENT IS GOING TO CONTINUE
TO PLAY THE TWITTER GAME HE'S
GOING TO TRY TO KEEP THE MARKET
IN SUSPENSE SAYING WE'RE
GETTING CLOSER WE'RE GETTING
CLOSER GETTING CLOSER.
BUT THE CHINESE SEARCH DREAM
LEE PATIENT. THEY ARE NOT
CONCERNED ABOUT THE 24 HOUR
NEWS CYCLE. HOW PATIENT ARE
HELP HAITIAN OR TRAITORS THEM.
WELL I THINK I.
TRADERS ARE NOT PATIENT.
AND I THINK THAT
TRADERS ARE GETTING CAUGHT UP
IN THE NEWS CYCLE LIKE EVERYONE
ELSE IS HENCE WHY WE SEE THE
MARKET MOVING THE WAY THAT IT
DOES BASED UPON A TWEET FROM
THE PRESIDENT WITH WITH WITH NO
SUPPORT BY THE WAY THAT
ANYTHING IS GETTING CLOSER
JUST SIMPLY A A TWEET AND THEN
THE MARKET RIYADH THERE'S A BIG
ARTICLE IN TODAY'S WALL STREET
ABOUT LUMBER
MILLS JUST.
>> WASHING JOBS BECAUSE OF
PRESIDENT TRUMP'S TRADE THE
LUMBER THAT
THE CHINESE USED TO BUY FROM
THE US THERE ARE NO LONGER
BUYING THE PRICE OF SOME LUMBER
HAS ACTUALLY PLUMMETED
AFFECTING AMERICAN
HOW PATIENT ARE EXECUTIVES
GOING TO BE FOR
THIS TYPE. FOR 40'S TARIFFS IF
IF THIS TRADE WAR CONTINUES
PAST THE 2020 ELECTION. IF
PRESIDENT TRUMP IS OR OR
CONTINUES A YEAR FROM NOW
SHOULD SAY. HOW DOES THAT HOW
DOES THAT PUT.
PRESSURE ON THE PRESIDENT
ACTUALLY GET SOMETHING DONE TO
TAKE PRESSURE OFF THESE
COMPANIES THAT ARE PAYING
TARIFFS. I THINK IT WE'LL PUT
PRESSURE ON
THE PRESIDENT.
>> I THINK WE'VE ALREADY SEEN
THAT WITH US SOYBEANS
AND AGRICULTURE. FROM IOWA,
THEY'VE STARTED TO PUT PRESSURE
ON THE PRESIDENT SAYING HEY
THIS IS NOT WHAT WE WERE
UNDERSTANDING WAS GOING TO
HAPPEN HERE IF THINGS ARE
NOT GOING IN THE RIGHT
DIRECTION. PRESIDENT TRUMP HAS
PROMISED THAT HE WAS GOING TO
USE THESE FUNDS COLLECTED
THROUGH TARIFFS TO HELP OUT OUR
FARMERS NOW
IS HE GOING TO PAY BIG HERE AND
SAY WELL LISTEN. WE'RE ALSO
GOING HELP THE
LUMBER INDUSTRY BUT TO ANSWER
YOUR QUESTION. I DON'T THINK
EXECUTIVES ARE GOING TO BE
PATIENTS SOONER
OR LATER. THEY'RE GOING TO WANT
TO SAY THIS CAN'T GO ON
FOREVER, WE NEED TO COME TO
SOME KIND OF CONCLUSION.
THE PRESIDENT DOESN'T APPEAR TO
WANT TO GIVE RIGHT NOW. HE HAS
SAID I'M NOT DOING
ANY TIME OF SMALL DEAL IT'S ALL
OR NOTHING WE'RE ALL IN A WE'RE
NOT DOING IT
AND HE CONTINUES TO PUT
PRESSURE ON CHINA TO HAVE TO
SEE HOW IT PLAYS OUT.
>> WE WHETHER IT'S ON TRADE OR
OTHER TOPICS I THINK THE
GENERAL FEELING IS THAT THIS IS
THIS IS A HEAD,
I'M DRIVEN ENVIRONMENT. SO WHAT
DOES THAT MEAN IN TERMS OF HOW
INVESTORS ARE THINKING ABOUT
MACRO INDICATORS GIVEN THAT
WE'VE GOTTEN SO MUCH MIXED
RESULTS, RIGHT BUT THE
MANUFACTURING OR CONSUMER
SENTIMENT OR GP RON EMPLOYMENT
OUR THE PARSING THROUGH
DATA DIFFERENTLY GIVEN THAT IT
IS A HEADLINE DRIVEN MARKET.
>> POINT WELL I DON'T THINK THE
HEADLINES. I DON'T THINK ALL
THE HEADLINES ARE BAD THAT'S
FOR SURE
THE ONE SAYING OR OR I SHOULD
SAY 2 THINGS THAT I THINK
REALLY BODE WELL
IS IS THAT OUR EMPLOYMENT
NUMBERS ARE TREMENDOUS AND
CONSUMER CONFIDENCE
IS WHITE AMERICAN CONSUMER
CONFIDENCE IS PROBABLY CARRY
THE ENTIRE YOUR WORLD AS FAR
AS KEEPING THE WORLD ECONOMY
GOING RIGHT NOW IF THERE'S A
CHANGE IN CONSUMER
CONFIDENCE I REALLY THINK THE
MACRO DATA WHEN IT INDICATES
THAT IT'S GOING TO BE HUGE
IMPACT ON THIS MARKET AT LE OF
A LOT PEOPLE BE OBSERVING A AND
SIR CARTER.
>> IT'S AROUND OF HOLIDAY
SHOPPING SEASON UP CYBER MONDAY
BLACK FRIDAY TRY TO CLEAN SOME
OF THAT.
>> I DON'T THINK THERE'S ANY
INDICATIONS RIGHT NOW THAT
WE'RE GOING TO HAVE A HOLIDAY