Will Trump's economy bring him the 2020 win?

Channel: Fox Business
Published: 05/28/2019

Description
Former Dallas Fed adviser Danielle DiMartino Booth on the impact of U.S. trade tensions with China on the markets and the impact of the strong U.S. economy on President Trump's reelection efforts. FOX Business Network (FBN) is a financial news channel delivering real-time information across all...



Transcript
I also want to say in trade and bring in economist danielle dimartino booth, the president says no trade deal anytime soon. How do you think this will impact the markets which are seem to be holding up okay this morning they have been they've kind of been treading water, trying to figure out what the next big set of news is going to be. The european elections were obviously nothing like what was f ...
ared. There wasn't any major swings to one side or the other, but i would say that this, if the trade war, if we don't see resolution at some point, charles, you know, you've you've been in the markets for years. As have i markets, likenothing dislike nothing more than uncertainty, and this will act as kind of a constant drag the longer this plays out on gdp growth on on the upside potential in the financial market. So this is. This is not what we want to see. That'S why i find it ironic that the you know the lows from that sunday: tweet have have held up. You know, honestly. I thought it could have been a lot worse than it is. Perhaps the market really hopeful and believing still danielle deals gon na get done. I want to go to the next topic here with you.

I want you to take a look at the title of this opinion piece. It'S in thenew york times quote trump's formidable 2020 tailwind. Now the author says that the economy could give president trump a win next year. Do you agree with this? Well it a the author himself was the one that surprised me, the most being that it was stephen ratner. That kind of took me by surprise from the get-go, but he cited a gale model if you will, as well as eight others that suggest that, given history and what we know about incumbencies that this is the 2020 election, is one that president trump he he'd have To give it away a court again, this is according to not just one but eight other academic models that are cited, thatsimply, say because of where we know where the economy is right, now that it is his election to lose by the way. There were also other studies, moody's and i got to take mark zandi. I respect him, but i know he's left-leaning he's looked at twelve different models, all saying president trump shall win don luskin, who was we're going to on the show later his work suggests that president trump was going to win and a reminds me of australia danielle. The polls said that the you know the conservatives were out, but when people actually have to go into voting booth and make that decision, they stuck with a pretty strong economy, hasn't seen a recessionin almost 30 years and they didn't want to upset the applecart. That'S the thing if the status quo is working for the majority of americans, the majority of voters are not going to want to vote in any kind of change, not if they're seeing their their their incomes grow, not if their there they're not seeing major disruption. In the economy, who would vote against such an environment, it makes absolutely no sense. That'S why i think that that the word tailwinds in the title of this particular column are so important, because again, these are things that should help propel president trump to maintain the presidency. In 2020, because who doesn't like a strong economy, it's nota rhetorical question by the way, but we only have three hours to hash that out danielle.

I really think. Thank you very much always appreciate it thanks. Thank you.


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