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To the top story, the President, raising the pressure on Beijing once again to strike a trade deal announcing he would increase tariffs on 200 billion dollars of Chinese imports Friday to 25% from 10%

also floating the possibility of extending a new 25% duty on another 325 billion dollars of

imports not already covered so the judgment call you've got to make this morning

is this material escalation or the beginning of intensified negotiations.

Here in the studio to help us answer that question in New York is Tony Dwyer.

Can I call Genovancy Chief Market Strategist.

Good morning to you Tony.

Good morning, John. So help me answer that question which one is it?

It's impossible to say I would guess more and it's a guess is that it's more

intensified negotiations you know just remember two weeks ago or over the last couple of weeks we've been looking for a little bit of a pause in the upside you know wrote a report called cause for pause and part of it is volatility was so low and expectations and become so good that when it gets like that you

if it wasn't the trade negotiations it would be something else it would be a

Fed comment it would be an earnings comment it would be a political comment

there would be a reason for a pullback and I think the tariffs and the

tweets kind of certainly have have that excuse.

Well the comments broken the vix up five points this morning to 18.21 on the Vicks. The judgment call

also involves what you anticipate the Chinese do next, how the Chinese

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