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Joining us now, Tom Orlick, Blumberg Economics Chief Economist, he joins us on the latest. Tom from your

position from your perspective looking at how things concluded on Friday are you

surprised this Monday morning that the Chinese still want further talks?

Certainly the indications coming out of China over the weekend haven't added to optimism, Jonathan.

As you mentioned, I think it's important that the Chinese official media is not using the term deal in any of their reporting on what happened and that obviously indicates there some distance still to travel.

At the same time, relative to where we were a month ago,

I think we're in a slightly better position,

and I remain cautiously optimistic that this very, very limited. a wants materially more concessions or do you think that this is just a matter of trying

to let people know they're trying the best that they can?

So I think they would certainly want those December 15th tariffs off the table. As you remember, that's the

tariff which would hit the consumer electronics sector. That's your iPads, your

...