Trump’s Days-Long Public Meltdown Has Moved From Words To Actions | Deadline | MSNBC

Trump’s Days-Long Public Meltdown Has Moved From Words To Actions | Deadline | MSNBC


YOU’RE PAYING ATTENTION TO, LITTLE OPTIMISM AT THE END. LITTLE OPTIMISM AT THE END. WE’RE SAVING A SEAT FOR ALI, WHO WE’RE SAVING A SEAT FOR ALI, WHO WILL MAKE A RUN OVER HERE AND WE WILL MAKE A RUN OVER HERE AND WE WILL TALK ABOUT THIS. WILL TALK ABOUT THIS. BUT WE’RE HOURS AWAY FOR THE BUT WE’RE HOURS AWAY FOR THE PRESIDENT TAKING OFF TO THE G7 PRESIDENT TAKING OFF TO THE G7 SUMMIT WHERE ALLIES ARE BRACING SUMMIT WHERE ALLIES ARE BRACING FOR THE TRUMP-FUELED MAYHEM THAT FOR THE TRUMP-FUELED MAYHEM THAT IS NOW 100% CERTAIN TO ENDUE, IS NOW 100% CERTAIN TO ENDUE, WITH TRUMP LIKE A DRUNKEN WITH TRUMP LIKE A DRUNKEN TRAVELER IN THE DEPARTURE LOUNGE TRAVELER IN THE DEPARTURE LOUNGE ABOUT TO TAKE A TRIP THAT HE ABOUT TO TAKE A TRIP THAT HE DREADS, SEWING GLOBAL CHAOS, DREADS, SEWING GLOBAL CHAOS, DAYS-LONG PUBLIC MELTDOWN DAYS-LONG PUBLIC MELTDOWN TYPALLY MOVED FROM WORDS TO TYPALLY MOVED FROM WORDS TO ACTIONS. ACTIONS. DONALD TRUMP BEGINNING THIS DAY DONALD TRUMP BEGINNING THIS DAY WITH A TWITTER TIRADE THAT SENT WITH A TWITTER TIRADE THAT SENT THE DOW SPIRALING, CLOSING DOWN THE DOW SPIRALING, CLOSING DOWN MORE THAN 600 POINTS TODAY AND MORE THAN 600 POINTS TODAY AND ESCALATING HIS TRADE WAR WITH ESCALATING HIS TRADE WAR WITH CHINA WITH THESE CHINA WITH THESE NORM-SHATTERING, POWER-ABUSING NORM-SHATTERING, POWER-ABUSING WORDS IN THIS TWEET. WORDS IN THIS TWEET. READ THIS, OUR GREAT AMERICAN READ THIS, OUR GREAT AMERICAN COMPANIES ARE HEREBY ORDERED TO COMPANIES ARE HEREBY ORDERED TO IMMEDIATELY START LOOKING FOR AN IMMEDIATELY START LOOKING FOR AN ALTERNATIVE TO CHINA, INCLUDING ALTERNATIVE TO CHINA, INCLUDING BRINGING YOUR COMPANIES HOPE AND BRINGING YOUR COMPANIES HOPE AND MAKING YOUR PRODUCTS IN THE MAKING YOUR PRODUCTS IN THE U.S.A. U.S.A. TALK ABOUT A COMMAND ECONOMY. TALK ABOUT A COMMAND ECONOMY. WE’RE ALSO WATCHING THE WHITE WE’RE ALSO WATCHING THE WHITE HOUSE AT THIS HOUR AND WAITING HOUSE AT THIS HOUR AND WAITING FOR TRUMP TO MAKE GOOD ON HIS FOR TRUMP TO MAKE GOOD ON HIS PROMISE TODAY TO FURTHER RESPOND PROMISE TODAY TO FURTHER RESPOND TO CHINA’S LATEST MOVE IN THAT TO CHINA’S LATEST MOVE IN THAT TRADE WAR. TRADE WAR. CHINA’S SLAPPING NEW TARIFFS ON CHINA’S SLAPPING NEW TARIFFS ON AMERICAN GOODS. AMERICAN GOODS. BUT WAIT, THERE’S MORE. BUT WAIT, THERE’S MORE. DONALD TRUMP LASHING OUT AGAIN DONALD TRUMP LASHING OUT AGAIN TODAY, EVEN MORE WILDLY THAN TODAY, EVEN MORE WILDLY THAN USUAL AT FED CHAIR JEROME USUAL AT FED CHAIR JEROME POWELL, WHOM YOU MAY RECALL POWELL, WHOM YOU MAY RECALL TRUMP APPOINTED TO THAT JOB AND TRUMP APPOINTED TO THAT JOB AND WHO THIS MORNING SAID THAT THE WHO THIS MORNING SAID THAT THE TRADE WAR IS PARTLY TO BLAME FOR TRADE WAR IS PARTLY TO BLAME FOR THE DARKENING U.S. OUTLOOK AND THE DARKENING U.S. OUTLOOK AND PARTLY TRUMP’S OWN FAULT. PARTLY TRUMP’S OWN FAULT. HERE’S WHAT DONALD TRUMP HAD TO HERE’S WHAT DONALD TRUMP HAD TO SAY ABOUT THAT. SAY ABOUT THAT. MY ONLY QUESTION IS WHO IS OUR MY ONLY QUESTION IS WHO IS OUR BIGGER ENEMY, JAY POWELL OR BIGGER ENEMY, JAY POWELL OR CHAIRMAN XI? CHAIRMAN XI? OKAY. OKAY. JUST HOLD ON THAT FOR A MOMENT. JUST HOLD ON THAT FOR A MOMENT. DONALD TRUMP, PRESIDENT OF THE DONALD TRUMP, PRESIDENT OF THE UNITED STATES, COMPARING HIS OWN UNITED STATES, COMPARING HIS OWN HANDPICKED FED CHAIR TO THE HANDPICKED FED CHAIR TO THE AUTHORITARIAN PRESIDENT OF AUTHORITARIAN PRESIDENT OF CHIEP. CHIEP. WHO — CHINA. WHO — CHINA. HERE TO TALK US THROUGH ALL OF HERE TO TALK US THROUGH ALL OF THIS LUNACY, DERESPOND, THIS LUNACY, DERESPOND, DEPRESSION, EVERYTHING, HEIDI DEPRESSION, EVERYTHING, HEIDI PRZYBYLA ON CAMERA AND ACTUALLY PRZYBYLA ON CAMERA AND ACTUALLY AT THIS TABLE, MORE IMPORTANTLY AT THIS TABLE, MORE IMPORTANTLY THEY’RE HERE SO I CAN KEEP THEM THEY’RE HERE SO I CAN KEEP THEM CLOSE. CLOSE. AND OUR CORRESPONDENT FOR AND OUR CORRESPONDENT FOR BOSTON’S PUBLIC NEWS STATION BOSTON’S PUBLIC NEWS STATION BRURN, AND “THE NEW YORK TIMES” BRURN, AND “THE NEW YORK TIMES” POLITICAL REPORTER AND NEW DAD POLITICAL REPORTER AND NEW DAD KIM COMPASS SORRY. KIM COMPASS SORRY. AND HERE HE COMES, THE VELSHI AND HERE HE COMES, THE VELSHI MAN COMETH. MAN COMETH.>>BAD NEWS.>>BAD NEWS.>>I WAS GOING TO SAY WHEN YOU>>I WAS GOING TO SAY WHEN YOU NEED TO CALL ALI VELSHI IN FOR A NEED TO CALL ALI VELSHI IN FOR A LIVE HIT, YOU KNOW YOU’RE IN LIVE HIT, YOU KNOW YOU’RE IN TROUBLE. TROUBLE. I HAVE SOMEONE ON THE PHONE WHO I HAVE SOMEONE ON THE PHONE WHO MAYBE KNOWS MORE THAN YOU DO, MAYBE KNOWS MORE THAN YOU DO, ALI, ABOUT THE ECONOMY, FORMER ALI, ABOUT THE ECONOMY, FORMER CHAIRMAN OF THE ECONOMIC CHAIRMAN OF THE ECONOMIC ADVISERS FOR PRESIDENT OBAMA, ADVISERS FOR PRESIDENT OBAMA, THAT’S AUSTIN GOOLSBY. THAT’S AUSTIN GOOLSBY. AUSTIN, THANK YOU FOR CALLING AUSTIN, THANK YOU FOR CALLING IN. IN. JUST GIVE US, IF YOU WOULD, JUST GIVE US, IF YOU WOULD, AUSTIN, YOUR SENSE OF WHAT HAS AUSTIN, YOUR SENSE OF WHAT HAS UNFOLDED TODAY AND HOW BAD IT UNFOLDED TODAY AND HOW BAD IT IS. IS.>>YES, IT’S TERRIBLE.>>YES, IT’S TERRIBLE. THERE HASN’T BEEN A DAY LIKE THERE HASN’T BEEN A DAY LIKE THIS IN A VERY LONG TIME. THIS IN A VERY LONG TIME. YES, THE MARKETS SELL A LOT BUT YES, THE MARKETS SELL A LOT BUT THE FACT WE’RE GOING TO HAVE AN THE FACT WE’RE GOING TO HAVE AN ESCALATING TRADE WAR, THE ESCALATING TRADE WAR, THE PRESIDENT OF THE UNITED STATES PRESIDENT OF THE UNITED STATES IS PUBLICLY DECLARING THE HEAD IS PUBLICLY DECLARING THE HEAD OF THE FED AN ENEMY OF THE STATE OF THE FED AN ENEMY OF THE STATE AND, OH, BY THE WAY, 40% OF THE AND, OH, BY THE WAY, 40% OF THE AMAZON IS ON FIRE AND RUTH BADER AMAZON IS ON FIRE AND RUTH BADER GINSBURG IS BEING TREATED FOR GINSBURG IS BEING TREATED FOR PANCREATIC CANCER. PANCREATIC CANCER. IF THIS IS ON A FRIDAY, IT MAKES IF THIS IS ON A FRIDAY, IT MAKES IT BAD FOR MONDAY. IT BAD FOR MONDAY.>>THE WORLD SEEMS LIKE IT’S>>THE WORLD SEEMS LIKE IT’S CAUGHT ON FIRE, AUSTEN. CAUGHT ON FIRE, AUSTEN. THE LAST TWO, THREE YEARS OF THE LAST TWO, THREE YEARS OF DONALD TRUMP HIS WORDS ARE DONALD TRUMP HIS WORDS ARE DEVALUED TO A LARGE EXTENT. DEVALUED TO A LARGE EXTENT. PEOPLE DON’T TAKE HIM SERIOUSLY. PEOPLE DON’T TAKE HIM SERIOUSLY. HE RANTS AND RAVES AND HAS TIE HE RANTS AND RAVES AND HAS TIE TIRADES. TIRADES. WE SEE IT ALL THE TIME. WE SEE IT ALL THE TIME. THE THING PEOPLE PREDICTED IS THE THING PEOPLE PREDICTED IS EVENTUALLY THE WORDS WOULD START EVENTUALLY THE WORDS WOULD START TO TAKE A TOLL ON AMERICA’S TO TAKE A TOLL ON AMERICA’S STANDING IN THE WORLD ECONOMY STANDING IN THE WORLD ECONOMY AND ON THE WORLD ECONOMY AND ON THE WORLD ECONOMY BROADLY. BROADLY. IT SEEMS LIKE WE’RE NOW AT THAT IT SEEMS LIKE WE’RE NOW AT THAT MOMENT OR IF NOT ALREADY OVER MOMENT OR IF NOT ALREADY OVER THE BRINK OF IT, WE’RE THERE. THE BRINK OF IT, WE’RE THERE.>>YEAH, GOD, I HOPE NOT BUT I>>YEAH, GOD, I HOPE NOT BUT I FEAR THAT’S TRUE. FEAR THAT’S TRUE. AT EAST JUNCTURE WHEN THE AT EAST JUNCTURE WHEN THE PRESIDENT WOULD GO AFTER CHINA PRESIDENT WOULD GO AFTER CHINA AND SEEK TO ESCALATE THE TRADE AND SEEK TO ESCALATE THE TRADE WAR AND DECLARE HE’S GOING TO WAR AND DECLARE HE’S GOING TO PUT 50 BILLION OF TARIFFS, WHAT PUT 50 BILLION OF TARIFFS, WHAT YOU WOULD SEE IS THE CHINESE YOU WOULD SEE IS THE CHINESE GOVERNMENT WOULD RESPOND BUT GOVERNMENT WOULD RESPOND BUT THEY WOULD TRY TO DEESCALATE. THEY WOULD TRY TO DEESCALATE. SO IF HE SAID 50 BILLION, THEY SO IF HE SAID 50 BILLION, THEY WOULD SAY WE MUST RETALIATE AND WOULD SAY WE MUST RETALIATE AND WE WILL RETALIATE WITH 25. WE WILL RETALIATE WITH 25. HE SAID WE’LL GO TO 100. HE SAID WE’LL GO TO 100. THEY SAID WE’LL GO TO 50. THEY SAID WE’LL GO TO 50. NOW WE CROSSED SOME THRESHOLD NOW WE CROSSED SOME THRESHOLD THAT IT’S CLEAR THE CHINESE THAT IT’S CLEAR THE CHINESE GOVERNMENT IS WANTING TO GOVERNMENT IS WANTING TO ESCALATE THE CONFLICT RATHER ESCALATE THE CONFLICT RATHER THAN DEESCALATE IT. THAN DEESCALATE IT. THAT AS WE HAVE SEEN PRESIDENT THAT AS WE HAVE SEEN PRESIDENT TRUMP’S BEHAVIOR MANY TIMES, IF TRUMP’S BEHAVIOR MANY TIMES, IF HE WANTS TO ESCALATE BACK, AND I HE WANTS TO ESCALATE BACK, AND I THINK THE STOCK MARKET REACTED THINK THE STOCK MARKET REACTED AS BADLY AS IT DID IS THERE’S NO AS BADLY AS IT DID IS THERE’S NO LOWER FWOU HOW THAT BAD THAT CAN LOWER FWOU HOW THAT BAD THAT CAN BE. BE. IF WE ESCALATE THAT TRADE WAR, IF WE ESCALATE THAT TRADE WAR, WE’RE ALREADY TEETERING ON THE WE’RE ALREADY TEETERING ON THE EDGE OF RECESSION. EDGE OF RECESSION. IF YOU GET IN A FULL-BLOWN TRADE IF YOU GET IN A FULL-BLOWN TRADE WAR BETWEEN THE TWO BIGGEST WAR BETWEEN THE TWO BIGGEST ECONOMIES IN THE WORLD, WE WILL ECONOMIES IN THE WORLD, WE WILL BOTH HAVE A RECESSION. BOTH HAVE A RECESSION. THERE’S NO DOUBT ABOUT IT. THERE’S NO DOUBT ABOUT IT.>>I WILL LET YOU GO AFTER I ASK>>I WILL LET YOU GO AFTER I ASK YOU THIS QUESTION BUT WE TALK A YOU THIS QUESTION BUT WE TALK A LOT ABOUT THE GUARDRAILS AROUND LOT ABOUT THE GUARDRAILS AROUND DONALD TRUMP AND IN VARIOUS DONALD TRUMP AND IN VARIOUS AREAS, NATIONAL SECURITY AND AREAS, NATIONAL SECURITY AND OTHER PLACES, DEMOCRATIC OTHER PLACES, DEMOCRATIC GUARDRAILS, SYSTEMIC GUARDRAILS. GUARDRAILS, SYSTEMIC GUARDRAILS. IT SEEMS LIKE WHAT YOU’RE SAYING IT SEEMS LIKE WHAT YOU’RE SAYING PARTLY HERE IN SOME WAYS FOREIGN PARTLY HERE IN SOME WAYS FOREIGN ACTORS ON THE ECONOMIC FRONT ACTORS ON THE ECONOMIC FRONT HAVE BEEN GUARDRAILS IN SOME HAVE BEEN GUARDRAILS IN SOME SENSE AGAINST TRUMP DOING THE SENSE AGAINST TRUMP DOING THE KIND OF DAMAGE HE MIGHT DO AND KIND OF DAMAGE HE MIGHT DO AND NOW THOSE GUARDRAILS ARE NOT NOW THOSE GUARDRAILS ARE NOT JUST OFF BUT YOU HAVE A RIVAL JUST OFF BUT YOU HAVE A RIVAL ARGUABLY THE ONLY REAL ECONOMIC ARGUABLY THE ONLY REAL ECONOMIC RIVAL ON THE GLOBE TO THE UNITED RIVAL ON THE GLOBE TO THE UNITED STATES NOW BASICALLY SAYING, STATES NOW BASICALLY SAYING, OKAY, WE HAD ENOUGH AND WE’RE OKAY, WE HAD ENOUGH AND WE’RE GOING TO FIGHT THIS FIGHT. GOING TO FIGHT THIS FIGHT. AT THAT POINT THERE’S NOTHING AT THAT POINT THERE’S NOTHING LEFT TO RESTRAIN DONALD TRUMP. LEFT TO RESTRAIN DONALD TRUMP. A, YOU THINK THAT’S A CORRECT A, YOU THINK THAT’S A CORRECT ANALYSIS? ANALYSIS? AND B, YOU SAID THERE’S NO AND B, YOU SAID THERE’S NO DOWNWARD BOUND. DOWNWARD BOUND. HOW BAD COULD THIS GET HOW BAD COULD THIS GET>>.>>.>>IT COULD GET REALLY BAD.>>IT COULD GET REALLY BAD. I THINK THAT MIGHT BE AN I THINK THAT MIGHT BE AN ACCURATE DESCRIPTION. ACCURATE DESCRIPTION. AND THERE WERE SOME VOICES OF AND THERE WERE SOME VOICES OF RESTRAINT LET’S CALL IT WITHIN RESTRAINT LET’S CALL IT WITHIN THE ADMINISTRATION ON ECONOMIC THE ADMINISTRATION ON ECONOMIC MATTERS AND ALMOST ALL OF THOSE MATTERS AND ALMOST ALL OF THOSE VOICES OF RESTRAINT HAVE LEFT VOICES OF RESTRAINT HAVE LEFT AND YOU HAVE SEEN RETURN TO AND YOU HAVE SEEN RETURN TO PROMINENCE OF CHARACTERS IN THE PROMINENCE OF CHARACTERS IN THE ADMINISTRATION LIKE PETER ADMINISTRATION LIKE PETER NAVARRO WHO ACTIVELY WANT A NAVARRO WHO ACTIVELY WANT A TRADE WAR WITH CHINA. TRADE WAR WITH CHINA. AND SO IF, AS I SAY, WE’VE HAD AND SO IF, AS I SAY, WE’VE HAD THE LONGEST BOOM IN U.S. THE LONGEST BOOM IN U.S. HISTORY. HISTORY. IT WAS ALREADY GETTING A LITTLE IT WAS ALREADY GETTING A LITTLE WEAK IN THE KNEES AND WE WERE WEAK IN THE KNEES AND WE WERE STARTING TO SLOW. STARTING TO SLOW. THE REST OF THE WORLD IS THE REST OF THE WORLD IS SLOWING, AS THEY’RE GOING TO SLOWING, AS THEY’RE GOING TO DISCUSS AT THE G7 MEETING THAT DISCUSS AT THE G7 MEETING THAT THE PRESIDENT IS HEADED TO, AND THE PRESIDENT IS HEADED TO, AND TO ADD THIS ON TOP OF IT I THINK TO ADD THIS ON TOP OF IT I THINK IS A VERY HIGH CHANCE THIS COULD IS A VERY HIGH CHANCE THIS COULD DRIVE US INTO RECESSION JUST IN DRIVE US INTO RECESSION JUST IN TIME FOR 2020. TIME FOR 2020. I DON’T KNOW WHAT THE PRESIDENT I DON’T KNOW WHAT THE PRESIDENT IS THINKING. IS THINKING.>>WE ARE GOING TO PICK UP WITH>>WE ARE GOING TO PICK UP WITH THAT. THAT. THANK YOU, AUSTAN, GET BACK TO THANK YOU, AUSTAN, GET BACK TO YOUR BUNKER AND MAKE SURE YOU YOUR BUNKER AND MAKE SURE YOU HAVE A LOT OF BOTTLED WATER AND HAVE A LOT OF BOTTLED WATER AND RAMEN NOODLES STORED AWAY THERE. RAMEN NOODLES STORED AWAY THERE. ALI, I WANT TO ASK YOU, PUT UP ALI, I WANT TO ASK YOU, PUT UP THIS CHART OF THE DOW HERE THIS CHART OF THE DOW HERE SHOWING THE DROP AFTER TRUMP’S SHOWING THE DROP AFTER TRUMP’S TWEET. TWEET. THAT’S WHAT HAPPENED TODAY. THAT’S WHAT HAPPENED TODAY. SO I’M NOT A MARKET SO I’M NOT A MARKET FIXATIONISTS. FIXATIONISTS. THE MARKETS GO UP AND DOWN. THE MARKETS GO UP AND DOWN. IT COULD GO UP 700 POINTS ON IT COULD GO UP 700 POINTS ON MONDAY. MONDAY.>>CORRECT.>>CORRECT.>>BUT THE THING AUSTAN IS>>BUT THE THING AUSTAN IS TALKING ABOUT IS NOT A MARKET TALKING ABOUT IS NOT A MARKET PHENOMENON, THE PRESIDENT PHENOMENON, THE PRESIDENT SLAPPING TARIFFS ON THINGS. SLAPPING TARIFFS ON THINGS. HOW BAD COULD THIS GET? HOW BAD COULD THIS GET?>>THIS IS THE WORST KIND OF>>THIS IS THE WORST KIND OF TRADE WAR. TRADE WAR. IT’S LOSE-LOSE FOR EVERYBODY. IT’S LOSE-LOSE FOR EVERYBODY. U.S. LOSING, FARMERS ARE LOSING U.S. LOSING, FARMERS ARE LOSING BECAUSE PRICES ARE GOING UP AND BECAUSE PRICES ARE GOING UP AND WE’RE NOT SELLING STUFF TO WE’RE NOT SELLING STUFF TO CHINA. CHINA. CHINA IS LOSING, PROBABLY CHINA IS LOSING, PROBABLY HURTING MORE THAN WE ARE IN THE HURTING MORE THAN WE ARE IN THE UNITED STATES. UNITED STATES. AND THERE’S NO RESOLUTION IN AND THERE’S NO RESOLUTION IN SIGHT BECAUSE THE AIM OF THIS SIGHT BECAUSE THE AIM OF THIS WAR WASN’T CLEAR. WAR WASN’T CLEAR. THERE WAS A GLOBAL CONSENSUS THERE WAS A GLOBAL CONSENSUS CHINA COULD USE SOME CHINA COULD USE SOME CONSTRAINING IN SOME OF ITS CONSTRAINING IN SOME OF ITS TRADE PRACTICES. TRADE PRACTICES.>>INTELLECTUAL PROPERTY, ET>>INTELLECTUAL PROPERTY, ET CETERA. CETERA.>>WE WOULD HAVE HAD THE ENTIRE>>WE WOULD HAVE HAD THE ENTIRE WORLD ON OUR SIDE BUT AT THE WORLD ON OUR SIDE BUT AT THE TIME WE STARTED IT WITH CANADA TIME WE STARTED IT WITH CANADA AND EUROPE AND WE FOUGHT AND EUROPE AND WE FOUGHT EVERYBODY ALL THE TIME AND THERE EVERYBODY ALL THE TIME AND THERE WAS NO FOCUSED GOAL. WAS NO FOCUSED GOAL. SO THIS IS THE WORST KIND OF SO THIS IS THE WORST KIND OF WAR. WAR. EVERYBODY INVOLVED LOSES. EVERYBODY INVOLVED LOSES. AS AUSTAN, THIS COULD PUT THE AS AUSTAN, THIS COULD PUT THE WORLD INTO A RECESSION, AND WORLD INTO A RECESSION, AND NOBODY ARTICULATES WHAT IS THE NOBODY ARTICULATES WHAT IS THE OUTCOME? OUTCOME? AT LEAST IN A WAR WHEN YOU HAVE AT LEAST IN A WAR WHEN YOU HAVE SUCCESS, IT’S GAINING CONTROL SUCCESS, IT’S GAINING CONTROL OVER IT. OVER IT. BUT IT’S NOT CLEAR WHAT’S BUT IT’S NOT CLEAR WHAT’S SUCCESS HERE, WE DID NOT GO OVER SUCCESS HERE, WE DID NOT GO OVER WHAT CHINA IS DOING WRONG THAT WHAT CHINA IS DOING WRONG THAT THE ENTIRE WORLD AGREES WITH. THE ENTIRE WORLD AGREES WITH. WE’RE FIGHTING A HAPHAZARD WAR WE’RE FIGHTING A HAPHAZARD WAR THAT IS MEANT TO LOOK LIKE WE’RE THAT IS MEANT TO LOOK LIKE WE’RE BEATING OUR CHEST. BEATING OUR CHEST. AND THE TWO OTHER THINGS THAT AND THE TWO OTHER THINGS THAT HAPPENED TODAY IS THE WAR WITH HAPPENED TODAY IS THE WAR WITH THE FEDERAL RESERVE, WHICH IS THE FEDERAL RESERVE, WHICH IS UNHEARD OF. UNHEARD OF. ALL OVER THE WORLD CENTRAL BANKS ALL OVER THE WORLD CENTRAL BANKS WORK THE SAME WAY. WORK THE SAME WAY. THEY’RE INNED OF THEIR THEY’RE INNED OF THEIR GOVERNMENTS AND HAVE TO STAND GOVERNMENTS AND HAVE TO STAND READY TO DO THINGS WHETHER READY TO DO THINGS WHETHER THINGS GO WRONG ON THE ECONOMY. THINGS GO WRONG ON THE ECONOMY. AND HE SAID I HEREBY ORDER ALL AND HE SAID I HEREBY ORDER ALL AMERICAN COMPANIES TO FIND AMERICAN COMPANIES TO FIND ALTERNATIVES TO DOING BUSINESS ALTERNATIVES TO DOING BUSINESS WITH CHINA. WITH CHINA. WE DON’T HEREBY ORDER COMPANIES WE DON’T HEREBY ORDER COMPANIES TO DO THINGS. TO DO THINGS.>>COMMAND ECONOMIES.>>COMMAND ECONOMIES. THAT’S SOVIET RUSSIA STUFF. THAT’S SOVIET RUSSIA STUFF.>>THIS IS THE GOVERNMENT THAT>>THIS IS THE GOVERNMENT THAT HAS UNDONE OF THE CONSUMER HAS UNDONE OF THE CONSUMER FINANCIAL PROTECTION BUREAU AND FINANCIAL PROTECTION BUREAU AND EPA. EPA. WE DO NOT EVEN HEREBY COMMAND WE DO NOT EVEN HEREBY COMMAND COMPANIES NOT TO PUT GARBAGE IN COMPANIES NOT TO PUT GARBAGE IN THE WATERS BUT WE’RE ARCINGGUING THE WATERS BUT WE’RE ARCINGGUING ABOUT THIS STUFF. ABOUT THIS STUFF. THERE’S SOMETHING ELSE THAT THERE’S SOMETHING ELSE THAT FEELS UNHINGED AND INVESTORS FEELS UNHINGED AND INVESTORS DON’T WANT TO GO INTO THE DON’T WANT TO GO INTO THE WEEKEND WONDERING WHAT HE WILL WEEKEND WONDERING WHAT HE WILL DO AT G7. DO AT G7. YOU’RE RIGHT, IT COULD BE UP YOU’RE RIGHT, IT COULD BE UP NEXT WEEK BUT THERE’S WORRY NOW. NEXT WEEK BUT THERE’S WORRY NOW.>>THERE’S TWO CONJOINED>>THERE’S TWO CONJOINED CRAZINESSES. CRAZINESSES. YOU’RE RIGHT, NO THEORY OF YOU’RE RIGHT, NO THEORY OF SUCCESS LOOKS LIKE OR OBVIOUS SUCCESS LOOKS LIKE OR OBVIOUS STRATEGY. STRATEGY. THE REVELATION TO ME, AT LEAST THE REVELATION TO ME, AT LEAST NOT A REVELATION WE HAVE KNOWN NOT A REVELATION WE HAVE KNOWN FOR A WHILE, IS HOW THE ECONOMY FOR A WHILE, IS HOW THE ECONOMY IS LACKING. IS LACKING. THE PRESIDENT IS GOING AROUND TO THE PRESIDENT IS GOING AROUND TO PEOPLE SAYING, WE DON’T NEED PEOPLE SAYING, WE DON’T NEED CHINA. CHINA. IF WE HAD TRADE WITH CHINA, THAT IF WE HAD TRADE WITH CHINA, THAT WOULD BE FINE. WOULD BE FINE. JUST TALK ABOUT THAT FOR A JUST TALK ABOUT THAT FOR A SECOND. SECOND. WHAT WOULD IT MEAN TO THE UNITED WHAT WOULD IT MEAN TO THE UNITED STATES IN TERMS OF ITS INFLOWS STATES IN TERMS OF ITS INFLOWS AND OUTFLOWS OF GOODS AND AND OUTFLOWS OF GOODS AND SERVICES IS IF THERE WERE NO SERVICES IS IF THERE WERE NO CHINESE TRADE? CHINESE TRADE?>>OUR ECONOMY FOR BETTER OR>>OUR ECONOMY FOR BETTER OR WORST THE LAST 60 YEARS GLOBALLY WORST THE LAST 60 YEARS GLOBALLY HAS GOTTEN BETTER BECAUSE WE GET HAS GOTTEN BETTER BECAUSE WE GET TO BUY THINGS FROM OTHER PEOPLE TO BUY THINGS FROM OTHER PEOPLE THAT WE DON’T DO AS WELL AS THAT WE DON’T DO AS WELL AS MAKING. MAKING. AS MUCH AS WE WOULD LIKE TO MAKE AS MUCH AS WE WOULD LIKE TO MAKE ALL OF OUR T-SHIRTS IN THE ALL OF OUR T-SHIRTS IN THE UNITED STATES, IF YOU DO IT AS UNITED STATES, IF YOU DO IT AS $15, $20 LABOR, IT WILL COST $15, $20 LABOR, IT WILL COST EVERYBODY MORE. EVERYBODY MORE. AMERICA LIKES LOWER-PRICED AMERICA LIKES LOWER-PRICED GOODS. GOODS. AND WE MADE A DEAL WITH THE AND WE MADE A DEAL WITH THE DEVIL A LONG TIME AGO, CHINA DEVIL A LONG TIME AGO, CHINA WITH ALL OF ITS MONEY BOUGHT ALL WITH ALL OF ITS MONEY BOUGHT ALL OF OUR NEW DEBT. OF OUR NEW DEBT. THE DEAL IS WE BUY FROM CHINA, THE DEAL IS WE BUY FROM CHINA, CHINA DOESN’T SELL OUR DEBT ON CHINA DOESN’T SELL OUR DEBT ON THE OPEN MARKET AND CREATE A THE OPEN MARKET AND CREATE A WHOLE LOT OF PROBLEMS FOR US WHOLE LOT OF PROBLEMS FOR US WITH OUR DOLLAR. WITH OUR DOLLAR. SO THIS IS NOT AN EASY MATTER TO SO THIS IS NOT AN EASY MATTER TO EXTRACT YOURSELF FROM. EXTRACT YOURSELF FROM. IF YOU WANT TO SAY OVER TEN IF YOU WANT TO SAY OVER TEN YEARS EXTRACT YOUR SELF-FROM A YEARS EXTRACT YOUR SELF-FROM A RELATIONSHIP WITH CHINA AND RELATIONSHIP WITH CHINA AND HERE’S HOW IT’S LAID OUT HERE’S HOW IT’S LAID OUT PROPERLY, THAT WOULD BE PROPERLY, THAT WOULD BE INTERESTING. INTERESTING. THERE’S NOTHING THAT LOOKS LIKE THERE’S NOTHING THAT LOOKS LIKE A PLAN HERE. A PLAN HERE.>>NICK, I WANT TO ASK YOU A>>NICK, I WANT TO ASK YOU A QUESTION HERE THAT CONVERGES QUESTION HERE THAT CONVERGES INTO POLITICS. INTO POLITICS. I SAID CONJOINED CRAZINESS. I SAID CONJOINED CRAZINESS. DONALD TRUMP ALL WE PRESUME DONALD TRUMP ALL WE PRESUME WANTS TO WIN RE-ELECTION IN WANTS TO WIN RE-ELECTION IN 2020. 2020. IT’S HARD TO UNDERSTAND WHAT THE IT’S HARD TO UNDERSTAND WHAT THE THEORY OF THE CASE WOULD BE, IF THEORY OF THE CASE WOULD BE, IF YOU RECOGNIZE A RECESSION WOULD YOU RECOGNIZE A RECESSION WOULD BE BAD FOR DONALD TRUMP’S BE BAD FOR DONALD TRUMP’S ELECTION PROCESS — PROSPECTS, ELECTION PROCESS — PROSPECTS, ABOUT PLUNGING US INTO A TRADE ABOUT PLUNGING US INTO A TRADE WAR, ATTACKING THE FEDERAL WAR, ATTACKING THE FEDERAL RESERVE CHAIRMAN, ALMOST RESERVE CHAIRMAN, ALMOST GUARANTEEING THIS KIND OF MARKET GUARANTEEING THIS KIND OF MARKET SPIRAL, WHABT IS THE THEORY BY SPIRAL, WHABT IS THE THEORY BY WHICH THESE ACTIONS COULD LEAD WHICH THESE ACTIONS COULD LEAD TO A POSITIVE POLITICAL OUTCOME TO A POSITIVE POLITICAL OUTCOME FOR THE PRESIDENT GIVEN THE FACT FOR THE PRESIDENT GIVEN THE FACT HE’S COURTING ECONOMIC DISASTER HE’S COURTING ECONOMIC DISASTER AND COURTING THEORY HE WILL NOT AND COURTING THEORY HE WILL NOT GET RE-ELECTED? GET RE-ELECTED?>>IT’S ALL THEORY.>>IT’S ALL THEORY. HE DOES NOT UNDERSTAND THE BASIC HE DOES NOT UNDERSTAND THE BASIC FUNDAMENTALS OF TRADE. FUNDAMENTALS OF TRADE. HE DOESN’T KNOW HOW THE MACHINE HE DOESN’T KNOW HOW THE MACHINE WORKS AND HAS GONE INTO A WAR WORKS AND HAS GONE INTO A WAR WITH TWEETS AND XI IS BRINGING WITH TWEETS AND XI IS BRINGING GUNS. GUNS. HE CAN STAND TO MAKE HIS PEOPLE HE CAN STAND TO MAKE HIS PEOPLE MISERABLE IN A RECESSION AND MISERABLE IN A RECESSION AND TRUMP CAN’T. TRUMP CAN’T. WHAT I SAW IN THE TWEET ABOUT WHAT I SAW IN THE TWEET ABOUT COMMAND AND CONTROL OF COMMAND AND CONTROL OF OPERATIONS, THAT WAS A CRY FOR OPERATIONS, THAT WAS A CRY FOR HELP. HELP. THAT WAS A SURRENDER FLAG IN THAT WAS A SURRENDER FLAG IN THIS WAR. THIS WAR. THAT’S HIM SAYING I’M OUT. THAT’S HIM SAYING I’M OUT. I NEED YOU GUYS TO FIX IT FOR ME I NEED YOU GUYS TO FIX IT FOR ME SOMEHOW. SOMEHOW.>>HERE YOU SEE THE TWEET FROM>>HERE YOU SEE THE TWEET FROM GEORGE CONWAY, ONE OF THE MOST GEORGE CONWAY, ONE OF THE MOST ACUTE CRITICS OF THE PRESIDENT ACUTE CRITICS OF THE PRESIDENT OF THE UNITED STATES. OF THE UNITED STATES. HIS TWEET TODAY SAID THE HIS TWEET TODAY SAID THE PRESIDENT OF THE UNITED STATES PRESIDENT OF THE UNITED STATES IS PSYCHOLOGICALLY IS PSYCHOLOGICALLY DECOMPENSATING BEFORE OUR VERY DECOMPENSATING BEFORE OUR VERY EYES. EYES. HEIDI PRZYBYLA, I KNOW YOU’RE HEIDI PRZYBYLA, I KNOW YOU’RE NOT A PSYCHOLOGIST BUT YOU LIVE NOT A PSYCHOLOGIST BUT YOU LIVE IN WASHINGTON, D.C. AND ASTUTE IN WASHINGTON, D.C. AND ASTUTE STUDENT OF THE PRESIDENT. STUDENT OF THE PRESIDENT. IT’S BEEN A LONG TIME SINCE I IT’S BEEN A LONG TIME SINCE I LIVED THERE BUT BACK IN THE DAYS LIVED THERE BUT BACK IN THE DAYS I LIVED IN WASHINGTON WITH I LIVED IN WASHINGTON WITH GEORGE W. BUSH OR BILL CLINTON, GEORGE W. BUSH OR BILL CLINTON, IF A PRESIDENT OPENED FIRE ON A IF A PRESIDENT OPENED FIRE ON A FED CHAIR THE WAY DONALD TRUMP FED CHAIR THE WAY DONALD TRUMP DID TODAY, THERE WOULD BE MASS DID TODAY, THERE WOULD BE MASS PANIC IN THE STREETS OF PANIC IN THE STREETS OF WASHINGTON. WASHINGTON. WHAT IS THE REACTION OF WHAT IS THE REACTION OF WASHINGTON, D.C. AND WASHINGTON, D.C. AND INTERPRETATION OF THE TRUMP INTERPRETATION OF THE TRUMP PSYCHE WHERE YOU’RE SITTING? PSYCHE WHERE YOU’RE SITTING?>>IT’S ALMOST AS IF WE’RE IN>>IT’S ALMOST AS IF WE’RE IN SOME ALTERNATE UNIVERSE HERE. SOME ALTERNATE UNIVERSE HERE. WE’VE BEEN AT THIS PLACE MANY WE’VE BEEN AT THIS PLACE MANY TIMES, FOR INSTANCE, AFTER TIMES, FOR INSTANCE, AFTER CHARLOTTESVILLE WHEN WE LOOK TO CHARLOTTESVILLE WHEN WE LOOK TO OUR LEADERS TO HAVE SOME KIND OF OUR LEADERS TO HAVE SOME KIND OF INKLING OF OUTRAGE OR WEIGHING INKLING OF OUTRAGE OR WEIGHING IN SOMEHOW. IN SOMEHOW. THEY’RE ALL ON VESRECESS BUT I C THEY’RE ALL ON VESRECESS BUT I C GUARANTEE YOU THERE’S A LOT OF GUARANTEE YOU THERE’S A LOT OF NERVOUSNESS WE ARE HEARING FROM NERVOUSNESS WE ARE HEARING FROM MEMBERS UNDER THE RADAR. MEMBERS UNDER THE RADAR. THEY’RE NOT GOING TO SAY THIS ON THEY’RE NOT GOING TO SAY THIS ON THE RECORD BUT THOSE INDICATORS THE RECORD BUT THOSE INDICATORS WE’RE LOOKING AT NOW WITH THE WE’RE LOOKING AT NOW WITH THE INVERTED YIELD CURVE, WITH INVERTED YIELD CURVE, WITH INVESTMENT NOW FREEZING UP IN INVESTMENT NOW FREEZING UP IN LIGHT OF THIS ESCALATING TRADE LIGHT OF THIS ESCALATING TRADE WAR THAT THERE’S A LOT OF WAR THAT THERE’S A LOT OF NERVOUSNESS NOW. NERVOUSNESS NOW. THESE MEMBERS GO BACK TO THEIR THESE MEMBERS GO BACK TO THEIR HOME STATES, FOR INSTANCE, IN HOME STATES, FOR INSTANCE, IN IOWA, WHERE WE REALLY WERE IOWA, WHERE WE REALLY WERE LOOKING TO THE FARMERS AND LOOKING TO THE FARMERS AND ASKING THEM FOR MONTHS, WHY ARE ASKING THEM FOR MONTHS, WHY ARE YOU STILL SUPPORTING DONALD YOU STILL SUPPORTING DONALD TRUMP WHEN THESE TARIFFS ARE TRUMP WHEN THESE TARIFFS ARE HURTING YOU, AND HE’S SAYING HURTING YOU, AND HE’S SAYING THAT YOU’RE NOT PAYING THE THAT YOU’RE NOT PAYING THE TARIFFS, CHIEP’S PAYING THE TARIFFS, CHIEP’S PAYING THE TARIFFS. TARIFFS. EACH TIME THEY WOULD SAY WELL, EACH TIME THEY WOULD SAY WELL, WE’RE HOLDING OUT BECAUSE HE’S WE’RE HOLDING OUT BECAUSE HE’S GOING TO GET US A DEAL. GOING TO GET US A DEAL. NOW WHAT WE’RE SEEING AND WHAT NOW WHAT WE’RE SEEING AND WHAT THEY ARE SEEING IS HE’S NOT THEY ARE SEEING IS HE’S NOT GOING TO GET US A DEAL. GOING TO GET US A DEAL. AND THIS IS ONLY GOING TO GET AND THIS IS ONLY GOING TO GET WORSE. WORSE. AND THE ONLY REMEDY FROM THE AND THE ONLY REMEDY FROM THE PRESIDENT’S PERSPECTIVE IS GO PRESIDENT’S PERSPECTIVE IS GO BACK TO HIS REAL ESTATE PLAYBOOK BACK TO HIS REAL ESTATE PLAYBOOK OF SPINNING THIS AND SAY EFG OF SPINNING THIS AND SAY EFG EVERYTHING IS FINE AND HE ALWAYS EVERYTHING IS FINE AND HE ALWAYS LANDS ON HIS FEET AND HE WILL LANDS ON HIS FEET AND HE WILL PULL OUT A WIN HERE. PULL OUT A WIN HERE. YOU CAN’T CONDUCT TRADE POLICY, YOU CAN’T CONDUCT TRADE POLICY, FOREIGN POLICY OR CONDUCT FOREIGN POLICY OR CONDUCT YOURSELF AS PRESIDENT OF THE YOURSELF AS PRESIDENT OF THE UNITED STATES IF YOU’RE A REAL UNITED STATES IF YOU’RE A REAL ESTATE ENTREPRENEUR. ESTATE ENTREPRENEUR. IF YOU DON’T GET WHAT WANT YOUR IF YOU DON’T GET WHAT WANT YOUR POUND YOUR FISTS ON THE DESK AND POUND YOUR FISTS ON THE DESK AND GET UP AND WALK. GET UP AND WALK. THAT’S WHAT WE ARE SEEING HERE THAT’S WHAT WE ARE SEEING HERE TIME AND AGAIN, THIS LATEST TIME AND AGAIN, THIS LATEST ITERATION. ITERATION.>>LET’S TETHER THIS TO REALITY.>>LET’S TETHER THIS TO REALITY. I WILL READ A BIT FROM “THE I WILL READ A BIT FROM “THE WASHINGTON POST” AND THEN COME WASHINGTON POST” AND THEN COME TO YOU KIMBERLY. TO YOU KIMBERLY. THE QUOTE FROM “THE WASHINGTON THE QUOTE FROM “THE WASHINGTON POST,” THE MONTH SHADOWS FELL ON POST,” THE MONTH SHADOWS FELL ON TRUMP’S ECONOMY. TRUMP’S ECONOMY. EVEN AS AIDES WARNED THE RISK IS EVEN AS AIDES WARNED THE RISK IS FALTERING TRUMP IS SAYING THE FALTERING TRUMP IS SAYING THE ECONOMY IS, QUOTE, INCREDIBLE. ECONOMY IS, QUOTE, INCREDIBLE. HE SAID HE CAN CONVINCE HE SAID HE CAN CONVINCE AMERICANS THE ECONOMY IS VIABLE AMERICANS THE ECONOMY IS VIABLE EVEN THOUGH IT CAN BE A MUDDLED EVEN THOUGH IT CAN BE A MUDDLED AND CONTRADICTORY MESSAGE. AND CONTRADICTORY MESSAGE. HERE’S THE PRESIDENT SAYING I HERE’S THE PRESIDENT SAYING I CAN CONVINCE AMERICA. CAN CONVINCE AMERICA. LET’S SEE WHAT HE’S BEEN SAYING LET’S SEE WHAT HE’S BEEN SAYING OVER THE COURSE OF THE LAST OVER THE COURSE OF THE LAST WEEK. WEEK.>>THE UNITED STATES IS DOING>>THE UNITED STATES IS DOING PHENOMENALLY WELL. PHENOMENALLY WELL. YESTERDAY WE HAD THE STRONGEST YESTERDAY WE HAD THE STRONGEST DOLLAR IN THE HISTORY OF OUR DOLLAR IN THE HISTORY OF OUR COUNTRY. COUNTRY. YESTERDAY WE HAD THE STRONGEST YESTERDAY WE HAD THE STRONGEST DOLLAR IN THE HISTORY OF OUR DOLLAR IN THE HISTORY OF OUR COUNTRY. COUNTRY. WE HAVE MORE PEOPLE WORKING WE HAVE MORE PEOPLE WORKING TODAY THAN WE EVER HAD BEFORE IN TODAY THAN WE EVER HAD BEFORE IN THE HISTORY OF OUR COUNTRY. THE HISTORY OF OUR COUNTRY. WE HAVE ALMOST 160 MILLION WE HAVE ALMOST 160 MILLION PEOPLE WORKING TODAY. PEOPLE WORKING TODAY. WE’RE WINNING AGAINST CHINA. WE’RE WINNING AGAINST CHINA. THEY LOST 2.5 MILLION JOBS IN A THEY LOST 2.5 MILLION JOBS IN A VERY SHORT PERIOD OF TIME. VERY SHORT PERIOD OF TIME. WE’RE VERY FAR FROM A RECESSION. WE’RE VERY FAR FROM A RECESSION. THE FAKE NEWS, OF WHICH MANY OF THE FAKE NEWS, OF WHICH MANY OF YOU ARE MEMBERS, IS TRYING TO YOU ARE MEMBERS, IS TRYING TO CONVINCE THE PUBLIC TO HAVE A CONVINCE THE PUBLIC TO HAVE A RECESSION. RECESSION. LET’S HAVE A RECESSION. LET’S HAVE A RECESSION. I HAVE A STRONG ECONOMY. I HAVE A STRONG ECONOMY. PRESIDENT OBAMA DID TWO PAYROLL PRESIDENT OBAMA DID TWO PAYROLL TAX CUTS AND DESPITE THAT I HAVE TAX CUTS AND DESPITE THAT I HAVE A MUCH STRONGER ECONOMY. A MUCH STRONGER ECONOMY.>>RIGHT NOW WE’RE THE NUMBER>>RIGHT NOW WE’RE THE NUMBER ONE COUNTRY ANYWHERE IN THE ONE COUNTRY ANYWHERE IN THE WORLD BY FAR AS AN ECONOMY. WORLD BY FAR AS AN ECONOMY.>>SO THE THING I LIKE ABOUT>>SO THE THING I LIKE ABOUT THAT, KIMBERLY, IS THE FACT IT’S THAT, KIMBERLY, IS THE FACT IT’S PLANTED OUT OVER THE COURSE OF PLANTED OUT OVER THE COURSE OF THIS WEEK UNDERNEATH THE BANNER THIS WEEK UNDERNEATH THE BANNER THAT SAYS STOCKS DROP AFTER THAT SAYS STOCKS DROP AFTER TRUMP ORDERS TO ALTERNATIVES TRUMP ORDERS TO ALTERNATIVES ORDERED BY CHINA. ORDERED BY CHINA. THE WRITING IS ON THE CHYRON. THE WRITING IS ON THE CHYRON. SO AS THE TALK RUNS INTO THE SO AS THE TALK RUNS INTO THE REALITY IN A VERY DRAMATIC AND REALITY IN A VERY DRAMATIC AND JARRING WAY TODAY, WHAT DO THE JARRING WAY TODAY, WHAT DO THE POLITICAL MARKETS SAY ABOUT THAT POLITICAL MARKETS SAY ABOUT THAT IN TERMS OF THE KWEPSSCONSEQUENC IN TERMS OF THE KWEPSSCONSEQUENC NOT JUST THE COUNTRY BUT NOT JUST THE COUNTRY BUT PRESIDENCY? PRESIDENCY?>>I THINK WE ARE SEEING TWO>>I THINK WE ARE SEEING TWO THINGS PLAY OUT. THINGS PLAY OUT. THAT CLIP OR SERIES OF CLIPS THAT CLIP OR SERIES OF CLIPS REMINDS ME OF “THE APPRENTICE” REMINDS ME OF “THE APPRENTICE” IF YOU WATCHED THAT SHOW. IF YOU WATCHED THAT SHOW. EVERYTHING HE TALKED ABOUT WAS EVERYTHING HE TALKED ABOUT WAS IN SUPERLATIVES. IN SUPERLATIVES. EVERY TRUMP PROPERTY WAS THE EVERY TRUMP PROPERTY WAS THE BEST AND FINEST. BEST AND FINEST. THAT’S HIM BEING THE SHOWMAN AND THAT’S HIM BEING THE SHOWMAN AND HE THINKS PUBLIC MESSENING CAN HE THINKS PUBLIC MESSENING CAN GET HIM OUT OF PROBLEMS. GET HIM OUT OF PROBLEMS. WE ALSO SEE A PRESIDENT WHO SO WE ALSO SEE A PRESIDENT WHO SO FAR, DESPITE ALL OF THE THINGS FAR, DESPITE ALL OF THE THINGS HE’S DONE AND HEIDI TALKED ABOUT HE’S DONE AND HEIDI TALKED ABOUT FROM CHARLOTTESVILLE TO HIS FROM CHARLOTTESVILLE TO HIS CONFLICTS WITH OUR ALLIES AND CONFLICTS WITH OUR ALLIES AND CODDLING OUR ENEMIES HAS NOT CODDLING OUR ENEMIES HAS NOT PAID A PRICE WITH HIS BASE YET. PAID A PRICE WITH HIS BASE YET. HIS BASE SUPPORT REMAINS REAL HIS BASE SUPPORT REMAINS REAL STRONG SO HE DOESN’T SEE A STRONG SO HE DOESN’T SEE A REASON TO CHANGE HIS APPROACH REASON TO CHANGE HIS APPROACH BECAUSE IT ALWAYS WORKS FOR HIM. BECAUSE IT ALWAYS WORKS FOR HIM. BUT HIS ADVISERS KNOW ONE THING BUT HIS ADVISERS KNOW ONE THING THAT CAN TORPEDO HIS ELECTION IS THAT CAN TORPEDO HIS ELECTION IS IF THE ECONOMY TANKS SO THEY’RE IF THE ECONOMY TANKS SO THEY’RE GETTING TO WORRY AND KNOW GETTING TO WORRY AND KNOW THERE’S NOT A WAY TO TALK YOUR THERE’S NOT A WAY TO TALK YOUR WAY OUT OF THIS. WAY OUT OF THIS. ALI KNOWS IT MORE THAN ANYTHING. ALI KNOWS IT MORE THAN ANYTHING. THE MARKET LIKES STABILITY, A THE MARKET LIKES STABILITY, A PLAN, UNDERSTAND WHAT’S GOING ON PLAN, UNDERSTAND WHAT’S GOING ON AND RIGHT NOW THERE’S ABSOLUTELY AND RIGHT NOW THERE’S ABSOLUTELY NOTHING OF THAT. NOTHING OF THAT. NOBODY KNOWS WHAT HE WILL DO AT NOBODY KNOWS WHAT HE WILL DO AT THE G7, VERY IMPORTANT MEETING THE G7, VERY IMPORTANT MEETING WHERE OUR ALLIES SAID WE WON’T WHERE OUR ALLIES SAID WE WON’T EVEN TRY TO DO A COMMUNIQUE EVEN TRY TO DO A COMMUNIQUE BECAUSE WE DON’T KNOW WHAT THIS BECAUSE WE DON’T KNOW WHAT THIS PRESIDENT WILL DO AND HE’S PRESIDENT WILL DO AND HE’S UPENDING THE MARKETS WITH TWEETS UPENDING THE MARKETS WITH TWEETS AND TALKING ABOUT THINGS THAT AND TALKING ABOUT THINGS THAT DEMONSTRATE HIS LACK OF DEMONSTRATE HIS LACK OF UNDERSTANDING OR CARING HOW UNDERSTANDING OR CARING HOW THINGS WORK. THINGS WORK. I THINK THIS IS SOMETHING THAT I THINK THIS IS SOMETHING THAT CAN BE DIFFERENT THAN ALL OF CAN BE DIFFERENT THAN ALL OF THESE OTHER THINGS IF THE THESE OTHER THINGS IF THE ECONOMY TAKES A DIVE. ECONOMY TAKES A DIVE.>>MY FAVORITE PHILOSOPHER WAS>>MY FAVORITE PHILOSOPHER WAS YOGI BERRA, PREDICTION IS YOGI BERRA, PREDICTION IS DIFFICULT, ESPECIALLY ABOUT THE DIFFICULT, ESPECIALLY ABOUT THE FUTURE. FUTURE. NONETHELESS WE’RE HEADED INTO NONETHELESS WE’RE HEADED INTO THE G7 — WHAT’S THE WORD I CAN THE G7 — WHAT’S THE WORD I CAN SAY WITHOUT USING A PROFANITY. SAY WITHOUT USING A PROFANITY. IT’S GOING TO BE A BLANK SHOW, IT’S GOING TO BE A BLANK SHOW, LET’S PUT IT THAT WAY. LET’S PUT IT THAT WAY. THE MARKETS COME ROLL BACK IN THE MARKETS COME ROLL BACK IN MONDAY MORNING HAVING WATCHED MONDAY MORNING HAVING WATCHED THE PRESIDENT SOW MOW CHAOS AND THE PRESIDENT SOW MOW CHAOS AND DISSENT AND DISCOURSE AND WE DISSENT AND DISCOURSE AND WE DON’T HAVE A COMMUNIQUE AND ALL DON’T HAVE A COMMUNIQUE AND ALL OF THAT PLAYS OUT OVER THE G7. OF THAT PLAYS OUT OVER THE G7. THE MARKETS WAM UP WAKE UP MONDA THE MARKETS WAM UP WAKE UP MONDA MORNING AND SAY WHAT? MORNING AND SAY WHAT?>>HERE’S THE THING, YOU SAID>>HERE’S THE THING, YOU SAID YOU DON’T GET TOO FIXATED ON THE YOU DON’T GET TOO FIXATED ON THE MARKET AND THAT’S A GOOD THING. MARKET AND THAT’S A GOOD THING. THERE ARE A FEW OF US WHO DO AND THERE ARE A FEW OF US WHO DO AND THAT’S OUR JOB. THAT’S OUR JOB. THE MARKET IS LESS RELEVANT THAN THE MARKET IS LESS RELEVANT THAN EVERYTHING ELSE. EVERYTHING ELSE. THESE ARE PEOPLE’S INVESTMENTS, THESE ARE PEOPLE’S INVESTMENTS, NOT UNSERIOUS, BUT WAGES AND NOT UNSERIOUS, BUT WAGES AND JOBS IS WHERE THE PRESIDENTRUBBE JOBS IS WHERE THE PRESIDENTRUBBE THE ROAD. THE ROAD. THE PRESIDENT CAN GO OUT AND THE PRESIDENT CAN GO OUT AND TALK UP ANYTHING HE WANTS. TALK UP ANYTHING HE WANTS. AND I THINK EVEN IF A DEMOCRAT AND I THINK EVEN IF A DEMOCRAT IS DOING IT FOR POLITICAL IS DOING IT FOR POLITICAL PURPOSES HOPING FOR A RECESSION PURPOSES HOPING FOR A RECESSION IS DOING THE WRONG THING. IS DOING THE WRONG THING. THAT SAID RECESSIONS COME, JOBS THAT SAID RECESSIONS COME, JOBS GET LOST, WAGES GO DOWN AND AT GET LOST, WAGES GO DOWN AND AT THAT POINT YOU CAN’T SELL YOUR THAT POINT YOU CAN’T SELL YOUR BILL OF GOODS ANYMORE. BILL OF GOODS ANYMORE. THE EXPECTATION SOME TIME THE EXPECTATION SOME TIME BETWEEN THE NEXT SIX MONTHS OR BETWEEN THE NEXT SIX MONTHS OR 24 MONTHS, THAT IS WHAT LIKELY 24 MONTHS, THAT IS WHAT LIKELY WILL HAPPEN. WILL HAPPEN. WE’RE NOT SMALL ENOUGH TO SOLVE WE’RE NOT SMALL ENOUGH TO SOLVE THAT YET. THAT YET. WE’RE GOING TO HAVE A RECESSION. WE’RE GOING TO HAVE A RECESSION. HE CAN TALK ALL HE WANTS. HE CAN TALK ALL HE WANTS. REMEMBER IN APRIL AND MAY OF REMEMBER IN APRIL AND MAY OF 2008, GEORGE W. BUSH AND BEN 2008, GEORGE W. BUSH AND BEN BERNANKE WERE OUT THERE SAYING BERNANKE WERE OUT THERE SAYING EVERYTHING’S GOING TO BE OKAY. EVERYTHING’S GOING TO BE OKAY. IT WASN’T OKAY. IT WASN’T OKAY. THAT’S WHAT PRESIDENTS DO, TALK THAT’S WHAT PRESIDENTS DO, TALK UP THEIR ECONOMIES. UP THEIR ECONOMIES. WHEN PEOPLE START LOSING JOBS, WHEN PEOPLE START LOSING JOBS, THEN IT WILL HURT. THEN IT WILL HURT.>>I WILL AMEND THIS AND LET YOU>>I WILL AMEND THIS AND LET YOU GO, IT’S THE TRUTH, NOBODY EVER GO, IT’S THE TRUTH, NOBODY EVER FIGURED OUT HOW TO END THE FIGURED OUT HOW TO END THE BUSINESS CYCLE AND RECESSIONS BUSINESS CYCLE AND RECESSIONS HAPPEN. HAPPEN. WHAT GOOD, SMART PRESIDENTS DO WHAT GOOD, SMART PRESIDENTS DO IS TRY TO MITIGATE AGAINST THE IS TRY TO MITIGATE AGAINST THE WORST AND TRY TO DO NO HARM.

Author:

100 thoughts on “Trump’s Days-Long Public Meltdown Has Moved From Words To Actions | Deadline | MSNBC”

  • THAT's tRumpf being a showman??!!!…No wonder it (dump) when bankrupt 6 times. It's an absurd, un-funny, unbelievable DOTARD.

  • Private Banker says:

    It's called doing Business. I believe you folks don't really know what the job of a President of a Corporation is supposed to do. Think – Read – Research – Retain.

  • And yet…..this morning the Dow is up….and he made a trade deal with Japan…..actually DID something other than smile for the cameras…..why do you hate this guy so much?

  • Trump is off point, the biggest government expenditure is the military. If you dial back the military by 40% Trump wouldn't need China to buy soybeans from China and the country would be restored in one year.

  • Darwin Lambeth says:

    More Trump hoaxes from fake news outlets. You guys are pathetic. Your hatred for someone you don't like is going to be your downfall, as your ratings are pretty good indicator of this.

  • My grandfather had dementia. He was angry with everybody, he was arguing about everything with whoever was available. We didn't take him seriously at a certain point – you're just trying to manage the situation. Why are you taking a demented president seriously?
    Seriously!

  • Loss of biodiversity: Plants and animals will lose their food and shelter. Floods: Bald hills and mountains can no longer hold back sudden flows of water, which cause floods. Increase in carbon dioxide: Depletion of forests results in increase in carbon dioxide

  • GOD BLESS MY PRESIDENT TRUMP. DONALD TRUMP PRESIDENT 2020. GOOD JOB MY PRESIDENT 👏🏿👍👏🏿👍👏🏿👍👏🏿👍👏🏿👍👏🏿👍

  • the twitter-in-chief is as mad as a hatter with the IQ of a carrot and anyone still believing what he says and tweets

    has an IQ even less, sad, very sad

  • Trump has filed Chapter 11 bankruptcy for his companies six times. Trump put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses, and other payments. Not one time, but 6 times! Never takes responsibility for being the proverbial Bull in the China Shop in ALL of his dealings… what makes anyone think he'd run the country any different, for almost 3 years he has run the US just like his BANKRUPT Businesses…

  • Weyton B. Lourd says:

    Is this all the opportunity Kimberly Atkins has to speak Demon crats? I thoughtbshe was going to be more a debater. You all had her up there to look like one of those bobbing head dogs in the back windsheild of a car. She should join Fox News, they would have given her more opportnity on this clip. You all are trying to Spin The US into the ground!

  • Darryl Jackson says:

    Trump knows he doesn't have the power to exercise that type of economic policy! I hope the American people understands this!

  • Invoke the 25th Amendment. says:

    You first Mr President and your brat daughter too. Bring ALL the Trump manufacturing home to the USA from the cheap foreign sweatshops you use in Asia, and close all your foreign operations.

  • One of the most significant problems that puts in jeopardy LIFE itself on this blue bubble floating in space. Trump cancels his meeting for climate crisis ! Why you say , Trumps said he know more then most people about the crisis! But Won't do anything.He's so Stuip he does Not understand he can make the biggest best deal ever , but if the crops fail he gained NOTHING !!

  • QUESTION —
    if Trump said "let's just continue getting ripped off by China who uses slave labor & steals our intellectual property"……then would the wonks at MSNBC suddenly love Trump????
    how about only 1/2 as much as they loved Obama?

  • 3 days ago, DOW was at 25,631,when these MSNBC jerks were bemoaning the end of the world.
    today, 3 days later, DOW is at 25,800.

  • Hopefully this is the beginning of the end. Where his silly putty mind will just meltdown on national T.V. and he can be removed from office. But will Pence then be elected in 2020? 😲
    VOTE BLUE IN 2020
    ✌🏻🇺🇸

  • Hey, I've got a great solution to the Trade "WAR" with China! FORCE Companies that want to SELL goods in the USA to MANUFACTURE AT LEAST 50 PERCENT of their goods that are SOLD IN the USA inside the USA with American Citizens in their employ.

  • The real problem is not just trump but also the fact that there is absolutely no one in the white house that has a clue about economics, because trump hates smart people (which explains his entire cabinet) especially economists

  • Diane Blumenthal says:

    The entire trump administration can be summed up with a quote from the movie Misery, "He Didn't Get Out of the Cock-A-Doodie Car !!" Those who've seen the movie know exactly what I'm talking about.

  • This President has been appointed by AMERICAN'S….let's STOP complaining it's not going to change the fact that he has been appointed to do what he see"s fit.
    Let's continue to PRAY for OUR PRESIDENT….lets also give Respect otherwise NO DIFFERENCES in behavoirs between those who are not pleased and our President.

  • I'm guessing that Trump, by example, has brought all his families production and manufacturing needs to US factories like he has "hereby ordered" the rest of the nation.

  • The so called "liberals" love slavery of brown people, if we can't export our jobs to countries that utilize slavery like China then we should import brown skinned slaves from Mexico. The only way to compete with slaves is to become one. Dems are pro-slavery.

  • Is there any sense in which Trump is not a traitor to the USA? Perhaps you didn't know what was in store when you elected him but it should be patently obvious by now, even to a Republican, that he only wants what is worst for America. So why are you tolerating this when you could be impeaching him? How loud must the alarm bells be? As vile as Hitler was, he had some loyalty towards the German people.

  • msnbc is now turned into propagainda in my eyes. sad hoe they ask so many leading questions. This isnt journalism it's narration

  • Honestly. They elected a bankrupt president and never used their good knowledge and judgment if this man is capable of running this great country. Wow America was great now we broke 🤷🏼‍♂️

  • As Trump goes increasingly more insane, his enablers grow proportionally more resolved to protect him from the 25th amendment. It is the constitutional duty of the officers of the executive to remove him from office, but all they will do is set the stage for his second term.

  • Not only Putin . Trump is  the greatest comic dictator I have ever witnessed. If ordinary citizens were suffering from his tirades, I would have found it more comical. Its really Ironic  that a German is the King of Israel. Hail the dictator

  • more like MSM public meltdown! You jokers convinced me to vote TRUMP 2020! NEVER again will I support what you hate pushers are selling! lie after lie after lie,, thats all you spew!!! only thing you are dividing is the Democratic Party!

  • more like MSM public meltdown! You jokers convinced me to vote TRUMP 2020! NEVER again will I support what you hate pushers are selling! lie after lie after lie,, thats all you spew!!! only thing you are dividing is the Democratic Party!

  • China's political STATE is NOT a given. The economics of running a COMMUNIST government and a LARGE , more than a BILLION population is NOT as simple as the propaganda that CHINA is dishing out. The brand of economics that China is emulating is simply NOT from a Chairman's red book. IT is western and therefore subject to the economic template laws of western civilisation. IF CHINA reverses this template ,the COMMUNIST STATE will fall apart in the same way the Soviet Union crumbled . I Suspect the Western business community is assuming that CHINA is good at this. Well, it is NOT and cannot be. Why? A BILLION Chinese hungry mouths having seen the alternative Western template will WIN. My BIG worry is that , like ADOLF HITLER and Europe , China will seek to run for AFRICA in an effort to exploit AFRICA to the bone to satisfy its own BILLION Chinese.

  • Salvatore Palma says:

    THIS IS THE UNITED STATES OF AMERICA NOT THE NEW WORLD ORDER TO TAKE OVER OUR LAND ARE PRODUCTS AND EVERYTHING ELSE.

  • He's right about China although may not know why. We don't need any more cheap, disposable Chinese goods. Their crap cooks the planet as they manufacture and transport it, chokes our landfills 6-9 months later when it breaks, adds to giant plastic island in Pacific, flavors fish with toxic microbes. Is it just me? I'm trying to repurpose a $600 China-made loveseat that completely broke down after 8 months. I'm searching for a metal scraper to take away a big worthless BBQ after one season, having to toss a 4' long electric heater because a $5 part failed, Chinese maker says "toss it, we'll send you another one." This is insane, certainly not sustainable. We have to stop buying this crap from the world's largest cyber-thief and coal plant capital. Think of the ice we could return to the polar bears if we made goods that last 50% longer in our own clean manufacturing plants. Spending a little more for stuff beats paying China to close their coal plants-something we'd do if forced into some BS Green Deal. Get real: protect our intellectual property, save our planet, make more goods. You say Americans like cheaper t-shirts, let the people decide.

  • I'm waiting for when he loses in 2020, he barricades himself in the Whitehouse screaming "Fake News" then refuses to leave. His actions are related to this coming election. He CANNOT control himself and he's damaging this country!! LOCK THIS FOOL UP.

  • Of course he and his devil spawn children…are EXEMPT from having to BRING THEIR COMPANIES BACK TO AMERICA RIGHT??

    PATHETIC!

    DUMP PATHETIC P.OS TRUMP.
    IMPEACH THE MOTHERFUXXING LEACH!

  • Trump was NOT responsible for the good economy but he's responsible for the recession. In fact recessions are unnatural. You have to do a lot of damage and spread fear among a population (RACISM!!!) to cause one.

  • When Donald Quixote is not attacking windmills with his Lance or nuking hurricanes then he's trying to spin gold out of is blather and Bluster

  • Has anyone noticed that the "coffee mug" has become a stage prop? Maybe to be considered the "adult in the room" you have to drink coffee? Or maybe at least looking like you do.

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