we bring up a good point with jay powell. it is too early to say. we can't really account for it. the powell put the fed price outside. joe: we were talking about the fact that there seems to be a pattern with trump. it starts the aggressive line on trade and then backs down. the fact that there was a quick escalation throws into the playbook that has been modeled for this white house. >> it is tough. if you the -- apparently believe what they read, they were surprised china retaliated rather than backing down. >> they should have listened to every guest we had on this show. >> eichinger. i suppose if you view the world through such a narrow prism, the other viewpoints don't come into