>> GIVE THIS A SHOT IN THE ARM
TO THE MARKET SOMETHING POSITIVE
OUT OF CHINA TRADE TALKS.
IS THERE ANYTHING POSITIVE THAT
YOU CAN REPORT ON CHINA TRADE
TALKS BEFORE THE PRESIDENT MEETS
WITH XI --
>> CALL CALL PRESIDENT XI TEN DY
>> CALL CALL PRESIDENT XI TEN DS
>> CALL CALL PRESIDENT XI TEN DA
>> CALL CALL PRESIDENT XI TEN DO
>> CALL CALL PRESIDENT XI TEN DT
>> CALL CALL PRESIDENT XI TEN DO
RESTART THE DISCUSSION WHICH HAD
LAGGED.
PRESIDENT TRUMP I THINK IS
TRYING TO INJECT A NOTE OF
OPTIMISM THROUGHOUT ALL OF THIS
AND I THINK THAT'S SET TERRIFIC.
HE BELIEVES THAT CHINA WOULD
LIKE TO HAVE A DEAL.
BUT HE'S ALSO TOLD ME THAT
NUMBER OF OCCASIONS ANY DEAL
BETWEEN THE TWO COUNTRIES HAS
GOT TO BE AN AMERICAN INTEREST.
WITHOUT ANY QUESTION.
AND IT HAS GOT TO INCLUDE IP
THEFT, IT HAS TO INCLUDE CHANGES
AND OWNERSHIP, IT HAS TO STOP
THE FORCE TRANSFER OF
TECHNOLOGY.
IT'S GOT TO GO TO ZERO TARIFFS,
AND ZERO NONTARIFF BARRIERS.
IT'S GOT TO HAVE ENFORCEABILITY,
IT'S GOT TO HAVE STRICT
TIMETABLES.
IT HAS TO HAVE FRANKLY, MORE
THAN WE'VE SEEN SO FAR.
BUT HAVING SAID THAT, THE
PRESIDENT IS TAKING AN
OPTIMISTIC VIEW AS HE SAID MANY
TIMES, THEY WILL BE MEETING IN
ARGENTINA, I AND MANY OTHERS
WILL BE THERE.
AND WE WILL SEE HOW IT TURNS
OUT.
YOU'RE NOT GOING TO GET A DEAL
UNLESS IT'S SUITS AMERICAN
INTEREST.
THAT'S A KEY POINT THAT
PRESIDENT TRUMP IS MAKING.
>> WHO IS THE PRESIDENT
LISTENING TO?
PETER NAVARO OR YOU
SUPERHARDLINE OR MORE MODERATE,
YOU?
>> IT'S A LOVE --
LOVE-IN STU WE'RE ALL LOVING
TOGETHER.
WE HAVE --
WE HAVE HUGS, HUGS IN THE
MORNING.
HUGS IN THE AFTERNOON --
[LAUGHTER]
THAT'S --
THIS WAS ONE OF THE GREAT --
I ACTUALLY NOT KIDDING.
THIS IS A GREAT NOTE --
>> YOU ARE KIDDING LARRY YOU ARE
KIDDING LARRY WOULD YOU LIKE TO
ANSWER THE QUESTION?
>> STU I AM A BRIDGE BUILDER AND
I THINK THAT --
FOLKS INSIDE REGARDING THE TRADE
DEBATE, WE ALL KNOW WE ALL KNOW
THAT CHINA HAS ENGAGED IN UNFAIR
AND WTO ILLEGAL TRADING
PRACTICES.
AND MENTIONED BEFORE, THE
ABSOLUTE KEY POINTS ON THIS,
RIGHT --
FORCE TRANSFER OF TECHNOLOGY IP
THEFT, CYBERHACKING UNTIL
AMERICAN COMPANIES --
LACK OF OWNERSHIP OR FOR
AMERICAN COMPANIES.
HIGH TARIFF IN NONTARIFF
BARRIERS.
THIS MUST CHANGE.
AND AGAIN, INSIDE THE
ADMINISTRATION, I THINK THERE'S
WIDESPREAD AGREEMENT ON THAT.
AND RIGHT NOW JUST TO SAY AS WE
MOVE TOWARDS THE --
TOWARDS THE G20 MEETING,
COMMUNICATIONS VERY DETAILED
COMMUNICATIONS, ARE OCCURRING AT
ALL LEVELS OF GOVERNMENT.
AND I THINK THAT'S A MUCH BETTER
PLACE THAN WHERE WE WERE TWO
THREE, FOUR WEEKS AGO AND I
THINK PRESIDENT TRUMP RESTARTED
THAT.
>> LARRY WE HAVE BIG RETAILERS
REPORTING THEIR FINANCIAL THIS
IS MORNING AND THEY'RE PRETTY
SOLID ROTS ARE PRETTY STRONG,
HOWEVER, THEIR STOCK IS BEING
SOLD OFF BIG TIME.
IT SEEMS LIKE SOME INVESTORS ARE
NOT EXPECTING STRONG DAY SEASON,
ARE YOU?
>> LOOK, YOU KNOW, ON THAT POINT
OF IMPACT STU LET ME GO BACK --
THE JOB NUMBERS ARE SO GOOD AND
THE INCOME NUMBERS ACCOMPANYING
JOB NUMBERS ARE SO GOOD.
OKAY, YOU'RE RUNNING, YOU KNOW,
AFTER TAX OF A INFLATION REAL
DISPOSABLE INCOME OVER 3% THAT'S
YOUR BASIC MEASURE OF TAKE-HOME
PAY AS REAGAN PUT IT MANY YEARS
AGO THAT'S STRONG.
INCOMES ARE RISING BEAUTIFULLY.
WAGES ARE STARTING TO RISE
BEAUTIFULLY.
THAT'S WHY I THINK --
OVER THIS WHOLE PERIOD, THANKS
GIVE, CHRISTMAS, AND THEN O.C.
POST CHRISTMAS IN THE NEW YEAR I
THINK YOU'RE GOING TO SEE
SURPRISINGLY STRONG SALES
NUMBERS.
BECAUSE INCOMES ARE STRONG.
THAT'S YOUR BEST LEADING
INDICATOR.
>> OKAY.
LARRY WE THANK YOU FOR TAKING