GOOD DAY FOR ENERGY, GOOD DAY
FOR TECH, WE GOT IT.
THERE HAS BEEN A WILD RIDE FOR
STOCKS.
PRESIDENT TRUMP COMMENTING ON
THE VOLATILITY JUST EARLIER
TODAY.
TAKE A LISTEN.
>> WE HAD A LITTLE GLITCH IN THE
STOCK MARKET LAST MONTH BUT UP
30% FROM THE TIME I GOT ELECTED.
AND IT WILL GO UP ONCE WE SETTLE
TRADE ISSUES AND ONCE A COUPLE
OF OTHER THINGS HAPPEN, IT WILL
GO UP.
IT HAS A LONG WAY TO GO.
ASHLEY: GOT A LONG WAY TO GO
SASS THE PRESIDENT.
HERE SO REACT VERONICA DAGHER
FROM "THE WALL STREET JOURNAL."
DANIELLE DIMARTINO BOOTH, FORMER
FEDERAL RESERVE ADVISOR AND
FED-UP AUTHOR.
DANIELLE, AREN'T WE ALL DOING
THAT.
DANIELLE, PRESIDENT DISMISSING
DECEMBER, A LITTLE GLITCH.
ONCE WE GET TRADE TALKS AND
TRADE ISSUES SORTED OUT WE HAVE
A LONG WAY TO GO UP.
WHAT DO YOU THINK OF WHAT THE
PRESIDENT HAS TO SAY.
>> GLAD HE SEES THE TRADE ISSUE
IS ONE OF THE BIG OVERHANGS ON
THIS MARKET RIGHT NOW.
INVESTORS WILL WORRY WHAT
HAPPENS WITH CHINA.
HOW ARE THINGS BOEING TO PLAY
OUT.
THAT IS JUST ONE OF THEIR BIG
WORRIES.
ANOTHER BIG WORRY IS INTEREST
RATES.
HOW IS THE MARKET ADAPTING TO
HIGHER INTEREST RATES, NOT TO
MENTION SLOWING GLOBAL GROWTH.
THERE IS A MIX OF THINGS
BOTHERING INVESTORS.
YOU KNOW WHAT THE ONE THING THEY
CAN COUNT ON FOR THE NEXT COUPLE
MONTHS AT LEAST UNTIL WE GET
RESOLUTION WITH CHINA, IS MORE
VOLATILITY.
ASHLEY: EXACTLY.
LET ME BRING YOU IN, DANIELLE,
VERY QUICKLY ON THE ISSUE.
WHAT ARE THE MARKETS TELLING US?
VERONICA TOUCHED ON THAT.
A GLOBAL SLOWDOWN WHICH SEEMS
VERY WELL-ENTRENCHED ESPECIALLY
IN CHINA.
WHAT DOES THAT DO TO OUR MARKET
HERE?
>> YOU KNOW I WAS PARTICULARLY
SURPRISED TO SEE THE STOCK
MARKET CLOSE UP TODAY BECAUSE WE
HAVE GOT A CONTRACTING FACTORY
SECTOR IN CHINA FOR THE FIRST
TIME IN 19 MONTHS.
THAT IS A REAL BONAFIDE HEADLINE
BUT THERE IS SOMETHING TO BE
SAID FOR WHAT THE UNITED STATES
HAS THAT THE REST OF THE WORLD
STILL LACKS, AT LEAST FOR THE
NEXT FEW DAYS UNTIL THE BUYBACK
WINDOW CLOSES AND BLACKS OUT.
SHARE BUYBACKS ARE REALLY
PUMPING UP THE U.S. MARKET.
THAT HAS BEEN A MAJOR SOURCE OF
SUPPORT AND STRENGTH VERSUS REST
OF THE WORLD.
YOU SAW WORLD STOCK MARKETS
OVERNIGHT, JUST IN TERRIBLE
SHAPE.
ASHLEY: RIGHT.
>> SO THERE IS SOMETHING TO BE
SAID FOR WHAT WE HAVE GOING FOR
US HERE FOR THE NEXT FEW DAYS.
BUT AGAIN EARNINGS SEASON IS
COMING.
BUYBACK WINDOW IS CLOSING.
ASHLEY: MAYBE WE'RE THE LEAST
DIRTIEST SHIRT IN THE LAUNDRY.
AS THEY SAY.
WE'LL BE BACK WITH MORE.
>> TRADE TALKS RESUMING IN
BEIJING.
PRESIDENT TRUMP SAYS THE
NEGOTIATIONS ARE COMING ALONG
VERY WELL.
WE'LL SEE WHAT HAPPENS.
VERONICA WE'VE BEEN SAYING THIS
FOR A WHILE?
>> FOR A WHILE, RIGHT.
WE'LL SEE WHAT HAPPENS IF WE GET
A DEAL, IF IT HAPPENS BY MARCH.
IF WE GET A DEAL, WHAT DEAL WILL
IT BE AND WILL IT BE
ENFORCEABLE?
WE'VE HAD THESE DISCUSSIONS WITH
CHINA BEFORE.
THEY LAID TERMS OUT, WE ACCEPTED
BUT THINGS DON'T ACTUALLY COME
TO PASS.
WHAT WILL HAPPEN IS THE BIG
UNKNOWN AND WHAT THE TIME FRAME
IS.
WILL BE INTERESTING TO SEE WHAT
THE PRESIDENT'S TOLERANCE AS HE
MENTIONED BEFORE.
HE IS IS WATCHING THE STOCK
MARKET SO CLOSELY.
DOES HE HAVE THE TOLERANCE TO
STICK WITH A HARD-LINE WITH
CHINA, IF THE STOCK MARKET KEEPS
FALLING?
THAT IS ANOTHER BIG QUESTION.
SUSAN: MARK-TO-MARKET
ADMINISTRATION, YOU WANT THE
STOCK MARKET TO GO UP.
DANIELLE, YOU KNOW AS WE TALKED
ABOUT, YOU JUST MENTIONED IT
WITH ASHLEY, THIS IS PROBABLY
ONE OF THE OVERHANGS ON THE
MARKET.
DON'T YOU THINK EXPECTATIONS ARE
SET SO LOW, WE GET SOME SORT OF
POSITIVE DEVELOPMENT, MARKETS GO
UP IN THE FIRST QUARTER?
>> I THINK THAT IS CERTAINLY
FEASIBLE.
BUT "THE NEW YORK TIMES" STORY
THAT HIT THE WIRES THIS MORNING,
WITH THAT FEATURED LIGHTHIZER
TALKING VERY TOUGH, DID GIVE ME
PAUSE AND MAKE ME WORRY WE'RE
ACTUALLY GOING TO SEE INCREASE
IN TARIFFS TO 25% IF HE STILL
HAS THE PRESIDENT'S EAR.
SO WE WILL HAVE TO WAIT AND SEE.
AS YOU SAID, THIS IS A
MARK-TO-MARKET ADMINISTRATION.
THAT IS BRILLIANT.
HAVING TO BORROW THAT BY THE
WAY.
THINGS CAN CHANGE BY THE DAY.
IF THE ADMINISTRATION IS HAWKISH
AS LIGHTHIZER SEEMED TO INDICATE