FT reported the meetings were cancelled
- Big meeting with China vice chair in the US at the end of January. Meeting is still on.
- China trade talks has to be in the Americas interest
- Fulsome discussion going on now with China on IP matters
- acknowledges degree of difficulty with trade talks
- Enforcement is absolutely essential in trade talks
- Economy is growing at 3% plus pace (debateble but don't have much data over the last month)
- We will lose some growth in the accounting as a result of the shutdown
- The shutdown is temporary. We will see a snap back after the shutdown is over.
- Sounds to me the Federal Reserve has come around and will be more patient. I like that word "patience" from the Fed.
Stocks have pared some of the losses on Kudlow's comments
The S&P is trading at 2626 up from 2617.27
The Nasdaq is trading at 7005 after reaching a low of 6979
