Market strategist predicts no major deal with China

Market strategist predicts no major deal with China


NOW IT’S THE CREW. LET’S BRING IN MARKET WATCHER BOB DOLL. HE’S WITH NUVEEN. BOB, YOU SAY A TRADE DEAL IS NOT GOING TO GET DONE. AM I RIGHT THAT YOU ARE SAYING THAT?>>WELL, A BIG TRADE DEAL, THE ONE WE EXPECTED. MIGHT WE GET A LITTLE SOMETHING SO WE CAN CHECK THE BOX, I THINK THAT’S POSSIBLE. LOOK, STUART, THIS IS THE MOST IMPORTANT TRADE RELATIONSHIP IN THE WORLD. WE NEED EACH OTHER BUT NEITHER SIDE GETTING HURT ENOUGH TO COME TO THE OTHER SIDE ON HANDS AND KNEES AND SAY CAN WE PLEASE TALK. SO WE HAVE THESE DANCES. LET’S HOPE WE CAN COME TO AN AGREEMENT, AGREE TO DISAGREE ON SOME THINGS, AGREE TO AGREE ON OTHER THINGS AND MOVE ON. STUART: OKAY, BUT NO BIG-TIME MAJOR DEAL SETTLING INTELLECTUAL PROPERTY, THE THEFT OF TECHNOLOGY, THAT’S NOT GOING TO HAPPEN, YOU THINK. OKAY.>>I DON’T THINK SO. STUART: COULD BE A NEGATIVE FOR THE MARKET.>>THE TWO SIDES ARE STILL PRETTY FAR APART. STUART: I KEEP SAYING IT. DESPITE IT ALL, THAT WOULD BE DESPITE IMPEACHMENT, DESPITE WHAT’S GOING IN HONG KONG RIGHT NOW, IT LOOKS LIKE THE MARKET JUST WANTS TO GO UP AND IT IS UP ON THIS OCTOBER 1st. CAN I SAY THAT, BOB? THE MARKET JUST WANTS TO GO UP AT THIS POINT?>>I AGREE, STUART. IT’S BEEN RESILIENT NO MATTER WHAT WE THROW AT IT. IT JUST SEEMS TO HANG IN THERE. IT’S NOT GOING UP A LOT. 100 POINTS IS GREAT TODAY BUT WE HAVE KIND OF BEEN STUCK NOW FOR A FEW MONTHS AROUND THIS LEVEL. LET’S HOPE THIRD QUARTER EARNINGS ARE STRONG ENOUGH THAT WE HAVE A SHOT AT PUSHING THROUGH THAT AND GETTING RID OF THIS LONG TRADING RANGE. STUART: WHAT’S YOUR FORECAST FOR THIRD QUARTER EARNINGS? HOW MUCH ARE THEY GOING TO BE UP COMPARED TO LAST YEAR?>>UP A SCOCHE. THE CONSENSUS IS MINUS 2%. THEN YOU PUT THE NORMAL BEAT FACTOR ON TOP OF THAT AND I THINK WE WILL GET MILDLY POSITIVE. AS IMPORTANT WILL BE THE OUTLOOK FOR THE BALANCE OF THE YEAR AND EVEN MORE IMPORTANT, WHAT’S GOING TO HAPPEN IN 2010 — 2020. WILL THE 10% INCREASE, THE CONSENSUS EXPECTS, HAVE A CHANCE? I’M HOPEFUL BUT FEARFUL. STUART: AT THIS POINT, I DON’T FEEL LIKE SELLING ANY OF THE STOCKS THAT I OWN. I GET THE SAME IMPRESSION FROM MANY OF OUR VIEWERS. IS THAT WHERE YOU ARE RIGHT NOW?>>GENERALLY SPEAKING. WE CAN STILL FIND STOCKS THAT WE LIKE THAT HAVE GOOD CASH FLOW, DECENT EARNINGS, SELLING AT REASONABLE VALUATION. THERE ARE PARTS OF THE MARKET THAT ARE EXPENSIVE BUT OTHER PARTS WHERE FUNDAMENTALS ARE GOOD. WE’RE STILL PLAYING THE GAME. STUART: WE ARE UP 118 ON THE DOW.

85 Comments

  1. Jason Smith says:

    Congrats China

  2. H.N.I.C says:

    Off course the great dealmaker 🤣🤣🤣

  3. justin time says:

    Good, China can F itself.

  4. scot woodz says:

    We don’t need China.

  5. justin time says:

    Wait why did I just get a notification from Yahoo saying the Dow is down?

  6. Ged of Gont says:

    Thanks Varney, keep doing the great work

  7. Dan Wolfe says:

    Good.. I hope there is no deal!

  8. Mathew Tan says:

    This whole trade deal is nothing more than a smokescreen to begin with!!! Why do you think Trump made Saudis his first priority visit!!!

  9. Andrew Schnatter says:

    We don't need China more then enough money to be made else where greed kills either outright or indirectly know who and what your investing in you paid for their new intercontinental ballistic missals capable of reaching your home and the cameras used in their concentration camps short term profit is not worth your freedom ✌️

  10. Marek Kolenda says:

    China could wait for impeachment trial results.time game.

  11. P Jones says:

    China will get a trade deal with The God of Creation. Probably coming soon. The dragon will have a short stint in the sun, but it will answer for its worahip of other gods as well as demon worship.

  12. Chatla Suresh says:

    China pay $100,000,000,000,000 USD to USA and China used USA possession's of Military to build for USA military. But it's illegal and China is under USA Judiciary and hand cuffs.

  13. Trueminati says:

    Cool we should just bend over and spread our cheeks bunch of idiots

  14. Mark Prothro says:

    Disengage China as a supplier

  15. Regina St. John says:

    China continues paying off Democrats

  16. Lee Watson says:

    Rebuild the factories start making our own goods as we did before.

  17. Missie says:

    Is Bob in President Trump's cabinet? No he is not.

  18. Alan Clarke says:

    Another failure, winning? Lol

  19. jimmy koh says:

    America can keep dreaming in you wonderland

  20. R D says:

    We don’t need a trade deal. We can import from Japan, Korea, Vietnam, Brazil, Guatemala, Ecuador, Chile, UK, Argentina. We have more Options that a Red pill or Blue pill. We are awake. Good By Red China.

  21. M R says:

    Raise the tariffs America dose not need Chinese thiefs

  22. Anna Lauw says:

    china dont want to deal wth Us ! china will better

  23. Mr flatspace says:

    Trade🇺🇸deal or World🇨🇳domination😂.

  24. Lady Tempest says:

    Here's how we bring our company's back. Remove all federal business land tax. Cut business tax in half, and have our government pro business owners instead of anti-business owners.

  25. Lady Tempest says:

    LOW Fixed rate business taxes!

  26. Bryan Tittle says:

    STOP INTERVIEWING THESE NEVER TRUMPERS
    THEY HATE AMERICA

  27. John Quick says:

    The elite want their cake and eat it to, they want cheap goods from China and make billions off Americans regardless if they have a job to buy the cheap crap!!

  28. walt7500 says:

    Go USA! K A G ! China is not USA first trading partner.

  29. Troy Blanchard says:

    China thinks they just have to wait till next year after the election.

  30. Victor Hugo says:

    no, the ROCK should be running for president, not risking being mutilated in wrestling, or is the Rock just the commentator for WWE now?????????

  31. Martin Coons says:

    Cut China (CCP) Off! Let the people of China clean their own house, then welcome them.

  32. Patti Watson says:

    A bunch of minor deals works

  33. TRINIPIMP1 says:

    Told you. All talk no action with Trump

  34. Lepetit Roquet says:

    Next incredible reporting: everybody predicts 2020 budget deficit even higher than in 2019.
    Obvious much ?

  35. Damin Mance says:

    Don't deal with Chinese at all

  36. LOTE VALENCIA says:

    Thank you for your opinion sir congratulations you look like an idiot now we're going to win big with China we just signed a huge deal with Japan and we're full steam ahead

  37. KungFury says:

    Bob Doll is all about some China Theft and Propping up a Communist Regine… LUL

  38. Maximas Vegas says:

    The deal is done…we are getting information from china and other countries about the corruption perpetrated on the American people….

  39. Dale Anderson says:

    The chicoms are going to sit back and watch the impeachment spectacle thanks to the commiecrat party.

  40. shadow knight says:

    Here's hoping China doesn't given in a imposes more tariffs and give the finger on intellectual theft no reason anything should cost hundreds when it can be cheaper so stand tall China and don't give trump a thing

  41. This Machine Kills Fascists says:

    Trump hasn't closed a single trade deal since elected. The Art of the Fail.

  42. Marilyn Reallon says:

    What do you expect when China is dealing with the asshole-n-Chief!

  43. Nita Willis says:

    Hemp Jobs for every country

  44. L G says:

    After Trump wins the election which he will easily. He will get his trade deal. China is just waiting for the election.

  45. Jake k says:

    Of course China isn't going to deal. With all the incentives the democrats are giving them not to deal, why would they.

  46. Young Blood says:

    This talking head “expert” is pathetic.

  47. loadmaster61 says:

    This all came about from corporate greed. Bug ceo pay and abuse of the company and employees

  48. B. Glynn says:

    Bob Doll… has he ever made one correct call?? Check his record. He's clueless

  49. Rosalina Rohka says:

    Even USMCA is worth twice as big as China trade deal with the US, so what's the big deal about the US trade deal with China? China could sell its products to other countries in Europe or Africa, but always remember that America is the largest economy/market in the world. Also, China continues saying it's confusing when it comes to trade deal with the US, but continuing to steal American jobs and technology surprisingly doesn't confuse China at all. Let's get this straight! The US GDP has reached $23 trillion, and the total amount of money from the US exports each year to China, is about $170 billion, which is NOTHING compared to US GDP of $23 trillion. It's less than 1% of the US GDP or 0.74% to be exact, so what's the big deal about the US trade deal with China? America is doing just fine, with or without China. Our history said it all.

  50. Michel Northwood says:

    On average each year, China imports about $20 billion of US farm produce. China accounted for roughly 60% of US soybean exports in deals worth more than $12 billion. Yearly China's soybean imports worldwide are worth over $36 billion. Since last year China has paid over $65 billion for Trump's tariffs on Chinese goods, and next year the money will pass $100 billion mark as a result of new tariffs. Now, do some simple math. After reimbursing the American farmers $20 billion for the loss of selling their farm produce including soybean to China, the US still has about $80 billion left from the $100 billion tariff money on Chinese goods. Well, having an extra $80 billion to spend is not that bad. Do the American farmers need to sell more US farm produce to China? Probably NOT! By contrast, China pays over $100 billion for Trump's tariffs (3 times as much as the money China spending globally on soybean) and gets NOTHING, not even a bag of soybeans in return! Besides China, other countries buying US soybeans include EU, Mexico, Egypt, Japan, Indonesia and more. What was China thinking? China has made the biggest mistake by waging the trade war against America-the biggest economy/market on the planet.

  51. Joseph Bragg says:

    Go back to dealing with japan they have better product.

  52. Emmanuel Ferrante says:

    F*** China

  53. Kerry Tackett says:

    The Demorats have stopped any trade deal we could have had! All IDIOTS!

  54. Robert Coughlin says:

    Our tax code is so blatantly unfair, confusing and overbearing that Congress, not the President, is making a " Made in America" revival impossible. Vote out all Democrats.

  55. Powwow Trip says:

    Cut China off and let them implode

  56. Speak Easy says:

    Haha no one can predict our President, especially a negative prediction..those always lose..Trump is winning we are ALL WINNING! Hurray¡😍🤩🤩🤩🤩

  57. Jim Gibbons says:

    Not much of a market strategist. China is not getting hurt? Really?

  58. Gangus Khan says:

    One thing pundits forget is the difference between Middle East Religious Islamic Fanaticism iDiocy and Chinese PRC more pragmatic approach within this communist regime today. For instance… Arab Palestinians are like Gypsy Circus Barkers and Thieves. Where Chinese PRC are a hell of a lot smarter and know how to make a deal. Just take longer to come to the best conclusion for both! ….wait and you'll see a dramatic outcome where both come out equally as well with realization they both depend on each other's success to survive. This is the key difference here. Palestinians and Islamic Extremes haven't changed in their 1400 yr old war at each other's throats Shia vs Sunni. Chinese PRC are tempered with the need to have a successful economy. Which they don't have NOW! …Make a Deal and it's a boon to both in a Good Trade Balance Agreement!

  59. JAY JAY says:

    With China, Trump has made a huge error in judgment. He thought he could torture them with tariffs and they would give in. They haven’t and they won’t. President Xi Jinping told the Chinese people to hunker down for a long campaign, and there is little that would delight the Chinese people more than humiliating the United States.

  60. Fred Silva says:

    Everything that these Socialist Democrat idiots on the far, far left of anything sane, touch, immediately turns to shite so devoid of everything, that nothing can grow on it, except their Party.
    These democrats can't foist anything upon US, while the economy, and everything else is looking Great, they require US to be disenfranchised, downtrodden, destitute, disempowered, demoralized, depressed, and confused, in order to appear to US, like the last ditched, half full, Coca Cola, in their desperation desert of lost sheep.
    Screw those traitors into oblivion come 2020, before they get back to their regularly scheduled program of Royally Screwing US.
    I remember when there was a veritable cornucopia of great things being Proudly Made, In The USA, by proud, strong, and hard working Americans, from every walk of life, who proudly stood by, and behind the products that bore their Proud Names!
    Vote Trump/Pence again, in 2020, and empower your aspirations, and ambitions, to carry US to new heights of economic, and American civic, excellence!

  61. Gabriel Velasco says:

    Stewart: "What's a skosh?"
    🙂

  62. Taylor Curtis Braz says:

    I can't even feed my own family. So I can't take care of the welfare of the Chinese people. Sorry.

  63. Jmaxboom says:

    …. And what of PONG? why isnt anyone reporting on the Chinese American who was just arrested (caught) for giving PRC American intelectual information starting in 2014/ 15? I know why, because it was in 2015. Which implicates the 2015 White House.

  64. fleetlordavtar says:

    FUK OFF bob Doll!!!

  65. Charles Martino says:

    China is waiting for 2020 election
    They think president Trump might not win
    Well they have a long wait because he will be a the white house until the 2024 election

  66. A Very Stable Genius says:

    🔴 Manufacturing is not coming back. Stop dreaming about that. Capitalism abandoned this country a long time ago, it went to China, Brazil, mexico etc. The private companies that left nobody told them to leave, they did it because is more profitable. They don’t care about you or being American. Wake up and start accepting they don’t owe you nothing. Want free markets? there you go. Companies are privately owned and they can do whatever they want. It’s unfair you say. Well, that’s the real world🙄🤷‍♂️

  67. River City MOVERS says:

    As I watch this….the market is now down 369 points! What a swing!

  68. M. Hughes says:

    Funny that the English evidently don't use that work, "Skosh." …………"The word skosh comes from the Japanese word sukoshi, which is pronounced 'skoh shee' and means 'a tiny bit' or 'a small amount.'"

  69. John Edmond says:

    Fox change the narratives daily.
    "Tremendous deal coming"

    "China outmaneuvered"

    " NO deal coming."

    Besides the second coming, the only coming for Fox is the House is coming down.

    Sad. They were like America, a beacon of hope in the night.

    Now, they are on the fast track to hiring communist Democrats, fawning over corrupt communist Democrats. And trying desperately to put a communist Democrat word into the public sphere for the bats in the belfry , arrogant sons.

  70. Brian Crane says:

    Thirty YEARS of Dem and Rep presidents FOLDED and COWTOWed to China's BULLYING! P. Trump WON'T! So China will "Take their ball and go home" until we get a new president…NO DEALS WILL BE REACHED!

  71. lgnfve says:

    Double all China tariffs and put 10% all imports….jobs will flood to U.S.

  72. Mike Wong Hong Kee says:

    No deal is better than bad deal☝️
    Trump 2020 MAGA💪💪💪💪💪

  73. Wally Wally says:

    No deal with communist FANTASTIC 👍👍👍

  74. Battle is Real Put God's Amore on says:

    No DEALS with CHINA until WE uncover the PART CHINA played in connection with the HUNTER BIDEN/UKRAINE illegality!!!
    The DEEP STATE hole of SH*T is a deeper hole then you think!

    American Voters are prepared to hear the ENTIRE TRUTH AND NOTHING BUT THE TRUTH so help us God!!!!

  75. Red Power.红色的力量 says:

    We are not interested in Deals, Its American whos Interested.

  76. Dadson worldwide says:

    If trump settles before the election it will be to much compromise and I will be disappointed.
    Its us the majorty who are truly ripped off by any deal .I prefer no deal at all and each industry buys and sells were the best money is.

  77. GTP says:

    Trump only makes good deals with pornstars!

  78. Ray Beam says:

    Deal maker strikes out yet again. Lying intensifies

  79. Steve Morgan says:

    We don't need to deal with China make Americans work again get rid of NAFTA get rid of Hillary and Bill Andrew McCabe James Comey Nancy Pelosi Chuck Schumer get rid of them completely make Americans work again all of them that are capable no more giving away money.

  80. midnighfairy says:

    These experts know nothing

  81. Blind Visionary says:

    No trade with organ harvesters who butcher people live for their organs. Shameful!

  82. Mike Breler says:

    China is hoping that 2020 election will go to the Dems which of course China can buy like they Did with all previous leftist administrations.

  83. Julie Roop says:

    China is foolish if they wait out the election.

  84. OGR says:

    Fast forward 3 days…..Down 1000 pts. Haha.

  85. ROBERT ANDERSON says:

    FAUX NEWS IS NOW LIKE CNN.

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