liz: deneen, come back anytime soon. >> thank you, liz. liz: president you will trump out with a big push to build more border wall as the 2020 election looms. we'll dig deep near the james comey ig report coming up soon. stay here. >> democrats want open borders, and republicans want strong borders. that is your difference. one wants open borders. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. sleep number 360 smart bed.st sale of the year on a can it help keep us asleep? yes, it senses your movements and automatically a

liz: indeed. yeah. >> so i don't think we would need to worry about anything other than some initial panic. the markets would be able to adjust to this pretty rapidly and the u.s. can respond also. the u.s. has the ability through the federal reserve to buy and sell these bonds in the market. so we have the ability to counter any particular chinese moves in this regard. liz: on top of that, these weapons they could turn from bonds to machetes or whatever it is, they could also hurt china in doing so. look at what happened with the yuan. the yuan hit a, what was it, an 11-year low. in fact, it's still at 11-year lows even though it is back above the psychologically very important level of seven yuan to the dollar. so it fell below to like 6.99 the other day and the market had complete freak-out, but that can in turn really hurt china, because they will see capital flight at some point where people say these yuan are worth nothing, we've got to get them out. >> that's absolutely right. same thing wi

liz: really? phil what do you think with the dow down 390 points. >> i think that is pushing it, i really do. we may definitely get a quarter. they may signal extra cuts. if they go to 50 looks like they will give in to donald trump and. liz: chris robinson we have solid economy. don't forget that. >> we keep having the same question. we're at record highs. unemployment at record lows, we continue to talk about cutting rates. at some point the risk they push on the string. when they need something they don't have anything to do. liz: christian, final word, 10 seconds. go. >> we'll see what happens. a lot going on here. be cautious as an investor. liz: indeed. we have the collapse of the argentinian currency. hong kong airport is shut down. [closing bell rings] china pointing at the u.s. blaming the united states for some of the protest drama. we have stocks endin a very volatile seson o session lows. that will do it for the "claman countdown". melissa: hong kong unrest weighing on wall street. vio

liz: his own constituents. the "new york times" said "trump opponents want to name his big donors," his supporters say it's harassment. to go back on a more serious level, the 1950 supreme court case. the state of alabama wanted the list of naacp supporters. they were afraid to give it to them because they thought their members might be lynched. there has been a long debate over this on how much of this should be public. i think neighbor raise the limit, if you give $100 you are not listed, but if you give a lot more. it's also not the first time of. the guy from theville a was outed and so were mormons. liz: critics are saying it's shocking a congressman is doing this. >> it may not be illegal. liz: pelosi and democrats cam name central maish america. he -- in central america. she says she need more information about the president's deal with guatemala. she describes that as a difficult challenge to the guatemalans and it's shameful what's happening in guatemala. >> she says she needs more information. but she

back to you, liz. liz: jackie, thank you. three minutes and counting, much different feel for the markets. we have madison money founder, mark madsen and mike maury are here with different perspectives. yesterday was a tough day, mark, i know that for sure. what were you doing? did you pick up anything on the cheap? >> when market crashes investors mental state completely crashes with it. that creates pain and focus towards picking and choosing a thing that is unfortunately high, selling the thing that is low. yesterday what a prudent investor would be doing, selling fixed income buying stocks down. yesterday we were down 3%. everybody knows to buy low, sell high but they don't do it. liz: at your integrity viking funds, give me a sense what you guys do, outside of the big money centers of manhattan, when it comes to stocks on a selloff day like yesterday? >> thank you for having me, liz. what we do, we are a niche fund group, focusing on income strategies and, one of the income strategies we own is dividend harvest fund and

thank you, liz. liz: you got it. what are people with a lot of money waiting to just pile in and buy certain things that are now cheap doing? i'm talking about right now. we've got one on the phone. billionaire investor jeff green, who made a lot of money shorting subprime during the ugliest points of the financial recession eight to ten years ago. he's on the phone with us right now. jeff, thanks for getting on the horn. >> good afternoon, liz. how are you today? liz: i'm a little crazed because we do have the dow down 720. more importantly, the s&p is down 78. that's 500 stocks. are you buying? what are you doing on a day like this? >> well, i'm actually in a fair amount of liquidity right now but this is not something that that is unexpected. we have had an economy that's been rigged for a long long time. when you think about it, we've had, you know, asset bubbles. $14 trillion [ inaudible ] coupled with rates held at zero has led to asset bubbles. it's not just china. liz: what bubbles do you see right now where

liz: president trump will visit el paso tomorrow. democrats saying he's not welcome. >> i don't think the president should come here. >> why? >> i was just talking to somebody, listening to a woman to said to me why is he coming here when he hates us? he's reflecting the fact he described mexican immigrants as racist and criminals. >> it's shocking to me that he is so utterly self-aware. from my perspective he's not welcome here. he should not come here while we are in mourning. >> that would not be a welcome visit given the environment he's created the past 3, 4 years. liz: edward lawrence is here with more. >> the president is going to honor the victims of the shooting there, he'll meet with victims' families and the survivors of the mass shootings. the mayor of dayton, ohio not thrilled with the president's visit. >> he's made his bed and he has got to lie in it. his rhetoric has been painful for many in our community. and i think the people should stand up and say they are not happy if they are not happy. >> the white house pushi

liz wheeler. liz wheeler is a 30-year-old young conservative hailing from the heart of the midwest. during college liz served on the board of zoning appeals for hem home town and was the youngest person to hold that position. at the same time, liz co-authored a book with 13 other young americans about being a millenial generation conservative. the book title "young conservatives and why it's smart to be like us" reached number two on amazon's kindle best seller lives in the civics category. liz has spoken to conservative groups about the role of government in our society. and how to win the youth vote and has been interviewed on several radio shows nationwide. she has hosted the show, tipping point with liz wheeler on one america news network since 2015. and august of 2016, liz was named a top ten 30 under 30 conservative rising star by red alert politics. liz is also the author of the new book, tipping points, how to top the left's house of cards, available for preorder now and available on tuesday, august 6th. in stores. liz is also a graduate of penn state university, with a bach

liz? liz: grady, this is becoming an issue because these companies, they want to run their own show, just like i'm sure most business people do and sort of this overreach from government sometimes is shrugged off but we shall be watching this very closely. it appears the auto companies are kind of building up, including i think mercedes-benz is thinking about it, too, on siding with california, right? reporter: i'm not sure exactly on mercedes-benz but it's certainly going to be something to follow. we'll have to see if there's a 50-state solution because that's what all of the car makers at least here in the u.s. seem to be pushing for. liz: grady, thank you very much. grady trimble. >>> throwing shade at the trade war. with the closing bell ringing in 29 minutes and the dow now up 73, but the nasdaq still struggling, it's down 19, just one point above 8,000, one startup suffering from blurry vision about how exactly the trade war's new tariffs would change the way it does business once t

liz claman, over to you. liz: w have a whole bunch of news here on many different levels, charles, that is breaking right now. first, we need to tell you president trump in the past couple of hours has called for not a 50, not a 75 but a 100 basis point cut from the federal reserve, and he also wants more quantitative easing or stimulus, to boot. the latest presidential tweet coming as team trump sdendescenn jackson hole, wyoming, staking their claim before members of the federal reserve do. this ahead of the fed's pow-wow. the market on a trade as we head into the final hour of trade. signs that major economies are already making moves to stop their growth engines from losing steam. then technology catching fire on yet another sign that president may lighten up on some of his tariffs. apple leading the charge after ceo tim cook gave an earful to the president about how damaging the trade war is when it comes to apple's smartphone battle with samsung. the president calling it a quote, very compelling argument

for a recession, liz. but these folks in the mainstream media have been pushing this narrative nearly every single day. we are seeing wage gains, we are seeing growing consumer con if i difference. but many left wingers in the hide yeah, talking heads, analysts and journalists would like to see an economic downturn to try to drive trump out of office. bill maher said he would love a recession to get rid of trump. nbc's richard engel said the short-term pain of a recession is bert than the long-term devastation of trump. hoping for the suffering of americans to get your own party in the white house is vile. this rhetoric from the media exposes how vulnerable the democrats are when it comes to the economy. it seems that a recession is the only think they have to under cut the republican's success. in the short term if the democrats win dig, of course this would raise taxes, drive up regulations and nationality iize large swaths of the economy. >> we tracked the headlines about calling for a recession. it sta

liz: coming up. joe walsh trying to blame his loss of his radio show is because he announced he's going toss challenge trump. you won't believe what he's saying now. jerry nadler still out fighting with the new push in the courts to try to impeach the president. the polls show americans not enthused about impeachment. president trump: what happened to me with his witch hunt should never be allowed to happen to another presidential of the united state if your gums bleed when you brush, you may have gingivitis. and the clock could be ticking towards bad breath, receding gums, and possibly... tooth loss. help turn back the clock on gingivitis with parodontax. leave bleeding gums behind. parodontax. that a handle is just a handle. chair is just a chair. or... that you can't be both inside and outside. most people haven't driven a lincoln. it's the final days of the lincoln summer invitation event. right now get 0% apr on all lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer

liz: it shows courage. twitter took down 1,000 fake accounts originating -- suspected -- originating out of china. they are saying u.s., you can't sell f-16 to taiwan. there is no surprise there. right now it's a tit for tat and president trump mentioning you continue the violent crackdowns in hong kong, there will be no trade deal. that puts a lot of pressure as they have been experiencing a slowdown and economic growth. you also have another situation where the chinese have been under a lot of scrutiny in terms of human rights abuse. also in western congress the u.s. congress has been condemning them as well. liz: you are an army major and you served in iraq, right? i want to switch gears to what happened with isis in that's suicide bombing in kabul, the wedding party. i think now 63 people dead, 182 injured. what does this mean for the peace talks with the taliban? >> it's reminder that isis gained a lot of mow men full. they have been able to conduct counter attacks. they have been able to do that in a

liz, back to you. liz: joining me now, former i.c.e. acting director robert patello. >> your heart goes out to kids in distress like that. this is an important tool that was given to the government. the i.c.e. immigration reform act did a number of things. it gave amnesty and it gave i.c.e. the ability to do workforce enforcement. if you don't have interior enforcement, anybody who makes it through the border will be home free. liz: your point is this has been out there since the reagan era and both political parties supported deportation. >> that's correct. this law has been on the books since 1986. when homeland security was formed in 2002, they formed i.c.e. and this is an important tool they use to protect us all. that's almost 700 people in that workforce. that company is taking advantage of them, and they have an advantage in the marketplace. i'm glad to see the u.s. attorney in mississippi is doing a parallel investigation of the employer's conduct as well. liz: i.c.e. released parents with minor children at home. there was a cou

liz: do you see a recession? >> not at all. liz: what's all this talk about a downturn? >> the big demom nato is the inserted the yield curve. they don't even know what it means, incident alley. long-term rates becomes less than short-term rates. and he grabbed that which is the only metric that might be an indicator. but the great prove fits and things are still going. the consumer is a little worried as well they should when they keep tweeting out these horror stories. if we left here and it's dark outside it's scary. liz: there is $17 trillion in negative yielding bond in europe. they come to you with treasuries. and you don't have to offer a lot more yield. >> you are dead on right. but to your point, you can't get too wonky because the folks don't get it. they don't understand it. when people throw out inverted yield curve. will you come back? >> i sure will. liz: bring your quotes. coming up. joe biden loves to talk about how he and barack obama were so tight for 8 years in the white house. where is president obama's endorsement when biden need it most of. what abo

liz: rahm emanuel is referring to obamacare. but your reaction to what rahm emanuel is talking about. >> i think this is the only thing he ever said that i agree with. i encourage the democratic candidates to march left. they are going places, they have gone places the vast majority of americans think is crazy. they will say we are going to open our borders, provide free healthcare to anyone who is here illegally. we'll destroy obamacare and take away your private health insurance. we'll guarantee you jobs and $1,000 a month. the list goes on and on. most of americans think it's nuts. liz: president obama was not for open borders. i want to get to the whoppers and mistakes the democrats made. i am not saying you were saying that. the montage we showed before might have implied that. look at the rundown of the mistakes they made. >> auto workers, hundreds of thousands will be out of jobs by the end of the year. right now in america we have seniors who everybody day are going into the medicare system. >> we should put some of thes

liz, don't get too nervous. liz: you got it. i'll do it. jordan, market is losing a touch screen but still green on the screen for the dow. >> up and down as liz is mixed at the close withtors digesting the trade uncertainty but it's always out there with a strong retail sales we thought this morning moving composite to negative territory that the date and the major averages but the dow closes it up higher and up by nearly triple digits settling in - there you go. like they hurt us. settling in by a point by the upside, also down triple digits at another point. >> after yesterday. >> will take anything. s&p 500 in the rain by seven points and the nasdaq in the red. that is we

liz: you just made news here. inverted yield curve the media was freaking about, we have been say can it's been distorted by foreign investors pouring into our long bond. that's what elser george told you. it's not a recession indicator. reporter: she said we need to take another look at it. the st. louis fed chairman said he believe it's foreign money coming in pushing down our yield and it's not a sign of a recession going forward. liz: good story, edward. reporter: big economics, germany, japan. the money pouring in here is what they believe. the media, their recession obsession. >> there are indicators the u.s. could be headed for a recession. >> i have been saying for two years i hope we have a recession. if it would help us get rid of donald trump and these policies. >> it's about time we get a recession. when the president says it's the best economy ever, it's not. if we did face a recession, it would be normal and it would be okay. liz: mollie hemingway says cbs the on its headline tries top manipulate pub

liz: would they? >> in this kind of environment, it's a little bit hard to say, because there is such a big demand for rhetoric on both sides. i think part of what's coming from president trump or currency manipulation, what does it really mean at this point because the currency manipulation story is a little bit like a cow out of the barn. the currency right now if really allowed to float, may depreciate on its own rather than appreciate. if the u.s. were talking to china about currency and currency manipulation several years ago it would have been the other direction. liz: after years of knowing how president xi jinping operates and runs his country, what do you think he's thinking now? >> well, that is kind of the multi-trillion dollar question because we all know president trump's political thinking or understand his goals, faster economic growth, upcoming election, stock market. when we look at the chinese political leadership -- liz: he doesn't have to run for election. xi is the emperor now. >>

liz: here is the thing, seth. how can anyone run for the presidency saying they are going to overhaul a 7th of the economy but don't know the cost or impact of it. watch bernie sanders. he has no idea how much his government-run healthcare will cost. >> if you ask me how much it will cost. i don't have that in my pocket. nobody does. we are paying over $3 trillion a year. liz: how dose not know the numbers? >> he's waffled back and forth when he came out it was 1.2. then he looked at economic reports and sees it's or $3 trillion we are paying now. americans pay for groceries. are you going to confiscate my money and tell me what groceries i have to buy? liz: john delaney is joining rahm emanuel and harry reid saying 2020 democrats, your far left idea are ballot box poison. >> what my democratic opponents are running on doesn't make any sense it's impossible promises and fairytale economics. we need real solutions to the issues hard-working americans are dealing with. liz: have they gotten the wake-up call? >> i th

any time, liz. liz: closing bell ringing in 37 minutes. the dow jones industrials still powering ahead, but pfizer isn't. it's the only dow 30 stock in negative territory, down just eight cents but it's in the red nonetheless. >>> up next, hong kong erupts as its airport can't really operate at full steam for the second day in a row. could it be a black swan event developing before our eyes? kristina partsinevelos on what the biggest worry is over the protests and maybe worse, the coming reaction from china. straight ahead on "the claman countdown." this was me six years ago... and this is me now! i got liberty mutual. they customized my car insurance, so i only pay for what i need. then i won the lottery, got hair plugs, and started working out. and so can you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you're smart,eat you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this i

thanks, liz. liz: matt priest. with the closing bell ringing in 20 minutes, we do understand the president is taking questions just as he leaves the white house to go to bedminster, new jersey. we are going to get that for you as soon as we start seeing headlines hit the tape. that is how this works. stay tuned through this commercial break. it will take a couple minutes. you will be on perfect timing here. we will be right back. the dow has cut nearly all of its losses. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. (groans) hmph... (food grunting menacingly) when the food you

liz: thank you so much. jerry nadler the chair of the house jew dish airy is trying to turn up the heat on impeachment. we have the latest on the new push there. 59% of americans say they don't want impeachment. to the controversy, rashida tlaib saying the president attacked her over her ethnicity. new details on who is behind her boycott israel movement. of wor, i come face-to-face with a lot of behinds. so i know there's a big need for new gas-x maximum strength. it relieves pressure, bloating and discomfort fast. so no one needs to know you've got gas. gas-x. doprevagen is the number oneild mempharmacist-recommendeding? so no one needs to know you've got gas. memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medi

liz: critics say he went too far here. that foreign countries do not enter people into the lottery system. did he go too far? what's your take on all of this? >> one thing the president does very well, the process has been fractured for a long time. the people who come into our community. we wants people who are productive and build that quality of life. what this president is saying when you have murderers, vie length people in the lottery system that come to any community in our country. that's a broken system and i would agree. >> the surge of migrants is expected this fall as the summer months go away. reports coming in the white house is preparing a battle plan for the fall, a record surge of illegals with potentially more court fights. do you gear up for the fall? what's the story here? >> the way it's been going, first of all, the people arrested on our border is 40%. a lot of what the department of homeland security and the local law enforcement and sheriffs, it's work. we are doing a lot of good things. but this i

liz: no way. in fact, we have a summer friday rally after a wild week on wall street, as promises of stimulus, budget action and trade optimism have the bulls charging higher. president trump saying trade talks are on for september as china makes moves to shore up its economy. it's not just china, though. reports are that germany is ready to ditch its self-imposed balanced budget rule and open the spending spigot in order to avoid recession. with u.s. treasury prices falling, actually prices rising and yields falling, it's all other way around. my goodness. that's how wild it's been this week. all of it adding up to a wall street comeback. investors are piling into stocks. the dow, a big beneficiary. it's jumping 266 points. the dow, very firm here. the s&p up 56. the nasdaq, nice, up 130. that shows it's a broad-based rally. look at the russell. the russell is the host of this party. the small caps and midcaps are bullish all the way through, up a full 2.25%. the best and the brightest are here o

liz? liz: president trump said he would be open to french president macron's proposed meeting with iran, but under certain conditions. >> if the circumstances were correct or right i would agree to that. but in the meantime, they have to be good players one understand what that means. and they can't do what they were saying they are going to do. if they do that they will be met with violent force. they have have got know choice. >> let's take it up with general jack keane. great to see you, with general. what do you think, a nuclear deal with iran? >> we want more than a nuclear deal. that was the problem with the original one. it provided a threshold for nuclear weapons after 15 years, but it never dealt with iran's ballistic missiles. this president wants to discuss all three things, no nuclear weapons and no ballistic missiles, and you have to change your behavior in the region. when secretary kerry negotiated with the iranians, they took their behavior and ballistic missiles off the ta

liz: right. i don't have that power either, but while you were talking, the nasdaq lost four full percentage points. folks, we are looking at a major flight to safety as we head into the final hour of a very ugly trading session. forget escalation. china breaking out the heavy artillery in the trump trade war, sending investors sprinting to the exits. a loss of 895 points was the new low touched in the last ten minutes for the dow jones industrials. right now we are still down about 844, after china lobbed two key economic weapons across the pacific. number one, american farmers squarely caught in the crossfire at this hour after china's commerce ministry has now confirmed what state media reported earlier, the chinese companies have suspended all purchases of u.s. agricultural products. china also hinting that u.s. producers of soybeans, corn, wheat, sorghum and more, might see tariffs slapped on their exports heading to china that were bought after august 3rd. they kind of back up the truck on

liz: exactly. these are all one thing you do when there's a crisis pending or we are in the middle of it and apparently, we are not at the moment. so that's why thankfully, up next, we've got one of the most respected voices from wall street to main street. dianne swonk, top economist in america. we will get into the president's comments on the payroll tax cuts and what about a recession? does she see it, taking all the emotion out of it, all the politics? what does she see? that's next on "the claman countdown." you can't miss it. managingaudrey's on it.s? eating right? on it! staying active? on it. audrey thinks she's doing all she can to manage her type 2 diabetes and heart disease but is her treatment doing enough to lower her heart risk? [sfx: crash of football players colliding off-camera.] maybe not. jardiance is the number 1 prescribed pill in its class. jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. that means jardiance can help save you

liz: how? >> one of the things in this report says that they didn't find out that the memos he wrote had left the fbi until they were watching him testify and he talked about giving it to his attorney and to the press. liz: okay. here's the thing that's really disturbing. >> there are a lot of things disturbing. liz: january 2017, president trump sits down for the first time, ends the trump tower meeting with a briefing from james comey, a courtesy briefing, giving him a heads-up, the steele dossier may be, which was being leaked to reporters, is salacious. the president says i want you to investigate these allegations are false. james comey said that would tip off the media that you are being investigated. well guess what? the trump campaign was being investigated. >> yeah. yeah. liz: that's -- >> two big things about that. one, in his first memo he says he told the president that organizations like cnn had the dossier and were just looking for a news hook to run all the allegations without ve

liz: yeah. you talk about price points. the price point of the lol surprise doll, i just want to show viewers who don't have 7-year-olds like my floor director austin. you kind of unwind this and inside, i will hand this to austin because he's better at these, you take it and once it's unwound, you have all kinds of little treats inside. it just captures the fantasy and imagination of kids like you can put the little sunglasses on the dog, this is so beverly hills, sunglasses on a dog, but what would the price point of the lol doll go up to if the tariffs go in? >> the particular one you're holding in your hand is $7.99 and if the tariffs go in place, they go to anywhere between $9 to $10 which basically reduce the number we are going to be able to sell because frankly, even though at $7.99 or $10, a lot of consumers in the usa are not going to be able to afford this, or moms will say we are not going to buy these for $10, we will buy something else or buy milk. so toy business is so sentimental

liz: that's what the president is talking about. and we know senator mitch mcconnell is launching a working group in the senate led by lindsey graham and lamar alexander. what's striking about this, sean. i want your take on this. there is a lot of talk about domestic terrorism. but the problem is congress never passed the federal law that would have a domestic terrorism statute on the gooks. what's going on there? >> here is the problem i have with this entire debate. we are figuring out what laws to prosecute somebody who does something crazy. in my mind a terrorist doing some intentionally to hurt people. i think there is something very wrong if you have shoot 20 innocent civilians, clawing family member. we are not looking at the root cause. why are people killing themselves and the suicide rate going up especially among veterans, or killing each other. we are figuring out what to do after the fact. that's such a good washington reaction. but let's move it back a step further. why are they doing what they are doing? what in our

liz: hi, i'm liz jones. nice to meet you. lemonis: liz, marcus lemonis. -patrick: hi -- patrick. -liz: nice to meet you. patrick: how are you? my name is patrick dilascia. our brand is called dilascia. we're a family company. my brother and sister work for me, which most of the time is great. [ laughter ] the brand kind of started off as t-shirts, and it just kind of grew really quickly. then marcus challenged us to do more of a collection, which is what we have here to show you today. so, this is our basic v-neck, which is made out of bamboo with a little bit of rayon and spandex in it to give it that soft feel. liz: oh, i like the little airplane. -brooke: oh, very cute. -patrick: yeah, so that's kind of, like, our brand identifier, with the airplane on there. -liz: that's very cute. -patrick: thank you. liz: and what would the retail on this be? patrick: this would retail for $60. liz: okay. i like that. -brooke: very of the moment. -liz: yes. patrick: then, this is our slouch hoodie. it's longer in the back, shorter in the front. we like to do a couple things that make it mor

liz: i still do like duration, and i know that sums crazy. alix: where? liz: in the u.s. that can be investment grade corporate's or treasuries. when you look at where we are trading yield wise, we are still above the rest of the world. that appetite for risk avoidance isn't going anywhere anytime soon. if you are an investor that still needs a safe haven, still need something to offset beta, you're still going to buy traditional duration. alix: would you buy 100 year or 50 year? liz: i don't know that we need to buy that yet. i think the intention of that is to create a more positive yielding security. if we look at yields for other economies around the globe, we are still ok. david: liz young of bny investment millage meant -- of bny mellon investment management is staying with us. we welcome now paul romer, andomic professor at nyu, by the way, a nobel laureate. how much of this is really driving markets and economies right now? paul: let me emphasize, the concern about the trade relationship between the u.s. and china is generally shared by both republicans and democr

i would say to liz, i just want to be clear. joe biden is up on three of the last four polls, and those polls -- >> he's exactly even now, robert. >> no, those polls are -- david: all right, all right, but let's say the point is and steve, i'd like you to weigh in on this. mr. dudley is actually suggesting that a newman date of the federal reserve is picking presidential, i mean, presidential presidents, or who you're in favor of or who you're against. this is extraordinary at a very high ranking member of the fed would say this. >> and sadly it's not without precedent. we saw the cia and the fbi behaving this way in 2015-2016 and trying to go against trump in 2017, bad stuff and the feds role should be the integrity of the dollar. of course all of this assumes that institution can guide the economy. it can't. so maybe we should be rooting for it to try to do something because it will mix it up. steve the integrity of the dollar which has rocketed to highs multi-year because other currencies, other central banks are following, c

liz: no way. in fact, we have a summer friday rally after a wild week on wall street, as promises of stimulus, budget action and trade optimism have the bulls charging higher. president trump saying trade talks are on for september as china makes moves to shore up its economy. it's not just china, though. reports are that germany is ready to ditch its self-imposed balanced budget rule and open the spending spigot in order to avoid recession. with u.s. treasury prices falling, actually prices rising and yields falling, it's all other way around. my goodness.

. ♪ tum tum-tum tum tums liz: with us, gillian melchoir. we were talking about the huge political force in the u.s. the democrats are trying to get the government's power behind labor unions. >> there are 26 states where public sector employees are organized. there is a democratic goal to extend that. but we have to look at the cost here. nevada just did it. since 1966 they have had a prohibition. if you look at the las vegas claim before commerce, the cost in that state alone is $1.7 billion for higher wages, for pensions, work rules. all of these things. liz: people say that's a good thing to give him higher wages and pensions. >> it's not good for taxpayers. wisconsin and illinois are -- ae drowning under pension income. you can't sustain it, you have to raise taxes at some point and i think it will hit every wage earner. liz: the 2020 democrats were talking, they want, they are back federal bill to force states to accept unions. a federal law to require unionization. >> i think they are completely freaked out. the supreme court ruling s

liz: sarge, we're getting, yeah the july jobs report. i'm very interested to know what happens here. it could, if it's a strong number what might that do? i'm beyond guessing what the market interprets economic date. >> i never want to root against your country. i think you can expect probably the, i think futures markets will guide towards easing no matter what the jobs says tomorrow. i don't think the jobs can really hurt us more than we are already hurt. liz: phil, we're 15 seconds away from that bell. what happens tomorrow? >> i think we bounce back to be honest with you. i think the market will put this in perspective. it may start out very, very ugly. people will put in perspective, they still have time to cancel tariffs. [closing bell rings] it is probably donald trump negotiating again. liz: 600 point swing from peak to trough for the dow. it closes down 272. thanks to all of our guests. time for "after the bell." >> good afternoon, an escalation of the trade war with china. president trump announces the u.s. will impose new tari

liz, what do you make of this? down 300, up 300 did powell confuse us? was the market over its skis >> i think powell is taking some criticism that is a little unwarranted. we don't see a rate cutting cycle that's necessary here. i don't think he'll embark on one. let's not make it a self-fulfilling prophecy what happened yesterday was an adjustment in indexes, some of that algorithmic trading >> so no cycle liz says won't be a cycle. lee cooperman told us yesterday, not going to be a cycle what does that mean for where stocks go into the fall i thought the idea would be there would be a cycle and you buy stocks so what now? >> i think we're still part of the cycle because they cut rates. what concerns me most about the market is if powell continues to miscommunicate or communicate poorly >> you think that's what he did? >> i think that's what he did yesterday, what he did in december, and what he did in his testimony to congress last month. sort of got to get on the page of look, we won't tell you how the sausage is made. we won't tell you our every tho

liz is also the author of the new book tipping point. at the top of the left develop her preorder now and available on tuesday august 6 she is also a graduate at penn state university with a bachelors degree in political science and a minor in homeland security. please join me in giving her a warm welcome to liz wheeler. [applause] thank you so much. thank you so much for having me. my name is liz wheeler and i hope the show tipping point on america news network. on july 6 of this year the day after independence day i logged into twitter as one does. and found myself lost by none other than everybody's favorite socialist aoc. [applause] block. i am always respectful, always civil and i had even defended aoc with political policies which are delusional and i had defended her and comments about her looks or her age as a bartender. when i rebut her tweets i only present facts. nothing personal. you know what that means? somebody is threatened by fax of the truth and this is the tweet that made them block me. trump spent millions on a poorly

maybe the century, liz. as we mentioned earlier, she was the youngest female member of congress at that time, randy seller at that time was the longest serving member of the house of representatives. there was tremendous election upset. liz came in, joined the subcommittee, and we spent quite a few years on the subcommittee. she sat there from 1979 to '81. that's what always took place. again, that was one of the early indications. '72, liz came in. '79, chaired the subcommittee. we are off to doing the refugee act. she recognized she needed a systemic and orderly system for handling the refugee problem. before that there was no law. it was ad hoc, piecemeal. some cases not to effect response to emergency crisis like indochina. she recognized the definition. how to correspond with the u.n. definition. she wanted to be sure that ideology, geography, none of those came into play. had to be a fair and humane process that eliminated the idea you had to be escaping communism or communist dominated country to qual

>> liz, thank you. >> u.s. financial markets recorded big gaines today after the united states delayed implementing tariffs on several chinese products. the office of the u.s. trade representative says the 10% duties on about $300 billion in chinese imports will be pushed back from september 1st to december 15th. the products receiving the reprieve include chinese made cell phones, laptop computers, video game consoles, some toys, shoes and clothing and all that easing fears about back to school sales and the holiday shopping season. the dow jones ended the day up 382 points. >>> rising tensions over trade are dimming. americans' opinions of china according to a new poll, the hue research center found 60% of americans have an unfavorable view of china. that's up from 47% last year. the new percentage is the highest total hinch pew began asking 14 years ago. the survey found 24% regard china as america's top threat for the future which happens to be the same percentage as russia, north korea was third at 12% in

david: liz? >> well, look. i think yes, i think he's going to get through the primary because there isn't anybody else i think that bernie sanders is kind of falling off here, elizabeth warren is set to sell it and i think she scares people to death including friends of mine who are democrats. i think the greatest thing going for joe biden is he doesn't have a lot of competition right now but when he embraces these policies, it's phony. he doesn't really believe in taxing the hell out of the wealthy. he doesn't believe in medicare for all. he doesn't believe in the green new deal so you put him on a debate stage where someone's pressing him to defend that? i think he falls apart totally because he can barely get his message across now when it's kind of, it has been sort of his message. just wait. i really, i really think this is a problem for democrats. david: by the way just imagine for a second if donald trump had said what he said about poor and white. i mean -- >> racist racist. david: meanwhile despite gro

and liz and the entire usglc team. you are one of the first groups that we reached out to in a series of comprehensive listening sessions that helped us with this initiative. we started with the premises that there are unique obstacles and barriers to women in the workforce. we have this at home and we are fighting those barriers, and striving to lower them, whether it's the lack of affordable and accessible childcare in the country. we are working to address that. paid family leave, and other issues. we look globally at developing wealth there are a separate set of challenges and unique problems. we started looking at all that has been done previously. what had been successful and where there was a void. we launched initiative in the early stages of the administration to build those forward. for example with the world bank, because there was inadequate access to capital for small and medium size of female entrepreneurs in the world. we launched with opec. the first development institution to think about lending throug

i sat down with former vc liz tran on her new studio called reset. taylor: and the clothing of choice for royalty and celebrities. jason: this is "bloomberg businessweek." jason: welcome back to "bloomberg businessweek." i am jason kelly. taylor: and i am taylor riggs. you can also listen to us on the radio on sirius xm channel 119, and on a.m. 1130 in new york, 106.1 in boston, 99.1 f.m. in washington, d.c. jason: a.m. 960 in the bay area, in london on dab digital, and through the bloomberg business app. work burnout is a struggle for many of us. that, and finding some semblance of work-life balance. i sat down with liz tran, the founder of reset. it is a studio in new york city. i talked to her about her new venture and how is taking a holistic approach to bridging personal and professional wellness. it involves sound best. check it out. liz: reset is a place where we are uniting all forms of professional and personal growth. on any given day, we might have a team of executives from a startup coming in to learn about team dynamics and close with a

right, liz claman? liz: i'm not panicking. charles: you never do. liz: hey, but we've got energy here because, charles, you know we are waiting on the president. we have breaking news. the president is expected to depart the white house in possibly a couple of minutes. he is tackling trade at the white house just moments ago but not the kind, at least this time, that triggers fear in the market. it involves a deal for u.s. farmers to sell hormone-free beef to the european union. while cattle ranchers cheer, footwear makers have a big beef with the president after his new threat to slap tariffs on $300 billion of chinese-made shoes and cell phones and laptops and so much more, yes, including nike. the trade group that speaks for nike is falling head over heels at the moment in fury. wait until you see the letter the footwear distributors and retailers of america just sent to president trump. their ceo is here with a warning, not neces

international trade secretary liz truss claims this will create "thousands of jobs". free ports allow firms to import goods and then re—export them outside of normal tax and customs rules. the football season gets under way tonight with the first of the championship fixtures, but it's been a troubling time for league one clubs bury and bolton. bury‘s opening match has been

liz kreutz, abc7 news. >> liz, we've heard complaints like this before that ride share companies discrip nate. but in those cases, right, people have sued. >> reporter: yeah, that is right. you know, our 7 on your side team reported both lyft and uber are the targets of class action lawsuits. disability rights advocates are saying the company saying they needed to provide wheelchair access, soying otherwise it's discrimination. >> thank you for the report. we did more than a dozen stories about ride sharing during our ride share realities week. read all the stories on our website at abc7news.com. look for the building a better bay area section. >> jury deliberations resume tomorrow in the ghost ship warehouse fire case, the sixth day the panel will meet and decide the face the of derick almena and max harris. the two the face 36 counts one for each person who died in the fire. if a verdict is reached in the morning, it will be read in the afternoon. should jurors reach a verdict in the afternoon, it will be read the next day. that's to allow family members of the 36 victims time to get t

we'll get to abc 7 news liz kreutz tracking that, but first let's get a collect of radar. >>> woke up this morning, hey, you need to do some work today. we've got showers out there. mid level and upper level. it's evaporating before it reaches the ground. we're seeing stars. the meghan markle is gone. the showers helped lift the lid off it. the cloud cover is mid and upper level clouds. a gorgeous sunrise around 6:18. cloudswill hang on through lunch. increasing sunshine this afternoon through sunset at 8:09. temperatures start mid 50s to around 60. mid 60s to mid 70s at noon. temperatures below average once again. one more chance of wet weather tomorrow and then summer heat comes back on sunday. i'll wrap all that upcoming up next. here is frances. >>> starting with a nice quiet ride at the bay bridge toll plaza. a minor wait for cash paying lanes right now. as we take a look at the san mateo bridge, traffic is flowing well in both directions. that's westbound traffic on the rrchd side heading towards foster city and san mateo. lots of green on the maps except for the westbound 580 s

>> reporter: liz, i am with the faithful, and they are so pumped for today's game. as you can see, many of them tell us they have waited for this all yearlong, and it's here, and they're ready to celebrate. the music, the dancing, that sizzle from the grill. it could only mean one thing. >> i'm not a summer person myself, so i'm really just waiting for football season. >> reporter: the parking lot turned into a sea of red and gold and fits of blue and silver hours before kickoff. >> we're ready. it's football time. we've got the drinks, we've got the family, we've got the friends. it's all up tempo, good times, it's august. it feels good, doesn't it? >> reporter: there was friendly competition all around, and the littlest fans got their practice in. tailgating is also about the faithful showing off their niners pride. check out this decked out van. >> the whole family chipped in to get this done, they didn't hesitate. as soon as we got enough funds to accumulate and get it painted, we got it painted. >> reporter: what will be different about this season? >> we're ho