CONCERNED.
HE DOESN'T THINK IT WILL AFFECT
THE MARKETS.
THEY ARE PARING THEIR LOSSES.
INTERVIEW.
DAVID: THANK YOU, DEIRDRE.
DESPITE FEAR OF TRADE WARS THE
ECONOMY IS BOOMING AHEAD OF A
BIG JOBS REPORT TOMORROW.
SHOULD THE PRESIDENT USE OUR
ECONOMIC STRENGTH IN TRADE
BARNES AND ROLLCALL EXECUTIVE
REPORT, ALEX CANGITINO.
I'VE BEEN READING YOUR STUFF A
LONG TIME.
YOU KNOW ABOUT ECONOMIC POLICY.
THE ECONOMY IS BOOMING.
I HAVEN'T SEEN ANYTHING LIKE IT
SINCE THE REAGAN BOOM, FOR THE
EXTREMITY AND THE ECONOMY IS NOW
STRONG ENOUGH TO TAKE THE LITTLE
DINGS IT WILL GET FROM TRADE
WORRIES.
WHAT DO YOU THINK?
>> THE MEDIA OF COURSE WILL PLAY
UP THOSE DINGS THAT YOU'RE
TALKING ABOUT.
WILBUR ROSS WAS VERY GOOD.
THE ENTIRE ECONOMY BY SOME
IN ANY SENSE, BUT, IT WILL SEEM
LIKE IT THE WAY THE MEDIA PLAYS
IT.
YOU REALLY HAVE TO BE CAREFUL.
LOOK, PRESIDENT TRUMP IS
OPERATING FROM A POSITION OF
GREAT STRENGTH.
I DON'T THINK ANY PRESIDENT HAS
IN MY LIFETIME, ACTUALLY.
DAVID: YEAH.
>> AND IF YOU'RE GOING TO DO IT,
YOU DO INDEED BUT, ALEX, IT IS
TRUE CHINA PARTICULAR IS GETTING
AWAY WITH A LOT OF STUFF FOR A
LONG TIME.
ALL KINDS OF THINGS.
FIRST OF ALL STEALING OUR
INTELLECTUAL PROPERTY.
FORCING COMPANIES TO TURN OVER
THEIR SECRETS IN ORDER TO DO
BUSINESS IN CHINA.
OF COURSE THAT IS THEIR
DECISION.
FRANKLY I WOULDN'T GO IF I WAS
BLACKMAILED BUT WE'RE TRYING TO
SQUEEZE A LOT OF THESE, A LOT OF
THESE UNFAIR PRACTICES THAT THEY
HAVE BEEN INVOLVED WITH FOR
DECADES OUT OF THE SYSTEM.
IS THERE GOING TO BE A POLITICAL
REACTION TO IT?
SO FAR THE MARKET, BY THE WAY,
ADMINISTRATION CAN MAKE THE
POLITICAL REACTION A POSITIVE
ONE IF THEY KEEP THE NARRATIVE
UP THAT THE PRESIDENT IS COMING
FROM A PLACE OF STRENGTH AND HAS
UPPER HAND HERE AND WHAT WILBUR
ROSS SAID IT MIGHT NOT BE A
CATASTROPHIC THING FOR OUR
COUNTRY.
I THINK, IF THEY CONTINUE TO
PLAY UP THAT NARRATIVE, THE BASE
IS GOING TO STICK WITH THEM ON
THIS ONE TOO.
DAVID: OF COURSE THE DEMOCRATS,
FRED, ARE TRYING BEST THEY CAN
DO TO TALK DOWN THE ECONOMY, IF
THEY TALK ABOUT IT AT ALL.
THEY WOULD RATHER DIVERT TO
ABOUT THE ECONOMY, THEY TALK IT
DOWN.
THAT GOES IN THE FACE OF ALL
THIS ECONOMIC DATA COMING OUT.
TOMORROW WE GET ANOTHER JOBS
REPORT.
IT MAY NOT BE AS GOOD AS THE
PREVIOUS ONE.
STILL YOU CAN'T ARGUE THE FACT
HAPPENED IN MY LIFETIME.
HOW CAN THEY CONTINUE TO TALK
DOWN AN ECONOMY THAT LOOKS SO
IT HASN'T WORKED WHEN
REPUBLICANS HAVE DONE THAT IN
TALKING ABOUT?
HE IS NOT TALKING ABOUT THE
GREAT TAX CUTS, THE GREAT
REGULATORY REFORM, AND THINGS
IS SO STRONG?
WHICH WOULD BE POLITICALLY
CATASTROPHIC.
I WISH PRESIDENT TRUMP WOULD
ANSWER THIS QUESTION, WHO IS THE
WHO HAS SHUT DOWN THE GOVERNMENT
AND SUCCEEDED IN THEIR GAIN?
GOTTEN THEIR GOAL SUCCESSFULLY?
NEVER HAPPENED.
DAVID: THERE ARE NONE.
AGAIN I THINK HE TWEETS TOO MUCH
ABOUT THE MUELLER INVESTIGATION,
JUST LET THOSE PEOPLE STEW IN
WHAT THEY'RE WAFFLEDDED WITH,
BUT IS HE GOING TO BE FOCUSES
MORE ON THE ECONOMIC MESSAGE
WHICH IS SO POSITIVE?
>> I THINK I'M WITH FRED ON THIS
ONE, THAT HE IS GOING TO
CONTINUE TO TWEET ABOUT THE
MUELLER INVESTIGATION AND WHAT
HE WANTS IN TERMS OF A SHUTDOWN
AND CONGRESS TO DO, THAT I'M NOT
SURE IF HE WILL CONTINUE TO TOUT
THE ECONOMY LIKE WE'VE SEEN HIM
DO ON THE CAMPAIGN TRAIL.
I MEAN IT IS COMING DOWN TO
MIDTERM, THE MIDTERMS COMING UP
HAVE TO KEEP PUSHING FOR IT.
DAVID: I AGREE WITH BOTH OF YOU
GUYS.
HE IS A GREAT SALESMAN.
ONE OF THE BEST SALESMAN IN THE
WORLD.
I DON'T THINK ANYBODY WOULD
ARGUE THAT, EVEN HIS DEMOCRATIC
DETRACTORS.
IF YOU SELL THE SIZZLE AND THE
IT IS A FREEBIE.