let's bring in peter boockvar.ill put you on the hot seat i want you to comment on politics tying together the news eamon did and the stock market sounds weird, but try to follow me on this if we get democrats who have to roll over on the courts, and if we get a congress and/or a senate that stays gop in the fall because of what happened in the new york primary and the democrats look like they have issues, if we get that, does that merit good things for the united states economy? i'm not making a judgment about what political party is better for the market is it more likely we'll have gop control or a gop court for the next couple of years if you believe that's better, that's what you'll have? >> two things. i think the next justice on economic issues won't be that much different than kennedy. i think kennedy was more an outlier on the social stuff. i think in terms of who will take the house in november, i think trump got the legislative thing that he wanted that was the tax cut in terms of big economic legislatio

our guest host for the hour is peter boockvar he's a cnbc contributor. great to see you. >> good to see you. >> we're going to talk about what's been happening with the markets. let's take a check on the u.s. equity futures last week was a mixed run. dow ended the week down by half a percentage point the nasdaq did well. up last week dow up by 123 points nasdaq up by 27 points and the s&p up by another 9 points it all comes as the journal is laying out its lead story as some concerns about global growth things may be starting to slow for a bit, especiall the eurozone when you look at some of these place it was up by 1 1/3 percentage point. in the hang seng things are up if you look at what's happening, green arrows across the board with the biggest gainer across the three major averages the ftse being up by .7 of a percent. italy and spain continuing after some of the big wobbles and rebuilding through the week. stocks in spain are up by 1.5% stocks in italy up by 1/3 of a percentage point treasury yields, the ten year at this point is yielding 2.922%. t

our guest host for the hour is peter boockvar he's a cnbc contributor. great to see you. >> good to see you. >> we're going to talk about what's been happening with the markets. let's take a check on the u.s. equity futures last week was a mixed run. dow ended the week down by half a percentage point the nasdaq did well. up last week dow up by 123 points nasdaq up by 27 points and the s&p up b

joining us now is peter boockvar, cnbc contributor good morning to you.t's been hard for investors to quauch quantify this trade risk but the rhetoric between the u.s. and china is heating up. what do you do as an investor? >> i think the daimler news yesterday, as we hear, will be an issue whether it's an issue like a retailer blames weather on earnings, or whether it's something else, but it's an issue. the possibility of tariffs being implemented could change decisionmaking, could change guidance >> one way investors have been trying to trade the trade headlines is sell companies with high revenue exposure to china, but that does not capture the complexity of manufacturing in the global supply chains is that the best strategy to use? >> it is complex and not really clear. even some other auto companies yesterday, bshgmw said we're no changing our forecast. here you have two german companies competing tightly against each other, one blaming and one saying we don't know it's difficult to predict until we hear what they have to say. >> i like to talk abou

gdp peter boockvar saying this morning, the strategy now seems a trade war of attrition slower growthher inflation is the only result of the current path if strong growth continues, these will be not more than a nuisance but if the u.s. goes back to trend, say 2.5%, the negative trend could wipe out all of the extra growth up to this point, though, most had feared that it wasn't enough to warrant on gdp or inflation the biggest concern was uncertainty. now it seems to be a subtraction from gdp if we get up to these levels of $450 billion and change of tariffs and retaliatory tariffs. >> unfortunately, the -- china, it's 50% more shaving off a 7% numb number >> at 6% growth. >> that's what i just said >> i'm sorry i thought you were talking about the stock market >> no. i'm saying if they lose more than we do, we're starting at 4% which kills you. >> right no not at all >> all right >> here's a question for you i like your idea this is a good time to do it. >> okay. >> do you really want to regulate the economy with tariffs? >> i don't want to regulate our economy with tariffs >> are y