I don’t think we’re very far from recession as it is,” Moody’s Analytics chief economist Mark Zandi tells me. “It’s not huge, but it’s one additional layer of drag on top of the tariffs we’ve already seen,” he said. While in London for NATO's 70th anniversary summit, Trump said "in some ways I like idea of waiting until after the election for the China deal." The president was dismissive of the trade-induced selloff, calling it “peanuts.” And, he said, “I don’t watch the stock market.” The claim is belied by his own Twitter feed:Trump: "I don't watch the stock market." “Later in the day, President Trump suggested that some kind of compromise might be achievable, and French President Emmanuel Macron indicated his willingness to work toward one.

Source: Washington Post December 04, 2019 12:45 UTC