and that's where i started when i caught up with russell jones from llewellyn consulting is the year wrapped up i don't expect that to be any major retreat from the sort of protectionism war mccance alist policies that the u.s. president is pursuing so any truce i think is likely to be only short lived and it really is a concern that over the next year or two we see the protectionist rhetoric in the protectionists substance really be ratcheted up to a higher level it's one of the bigger risks for the global economy looking into the next twelve months or so we've got this of what happens on that the u.s. economy does still have its weak spots and that is giving some worry is the u.s. do you think heading towards a recession i think the u.s. is i'm what i call that unsustainable boom at the moment. we've had this very late cycle fiscal stimulus and that if you like is hothouse economic activity during the course of the last twelve months or so but that stimulus is going to start to fade and the legacy of that stimulus is two very large deficits a very large budget deficit and a very la

the cost to host it actually last week taking its own look at twenty nineteen in fact analyst russell jones told me there that the u.s. is heading for a fall was that quote there we go the u.s. is heading for a fall it may not be imminent but it's coming at some stage if you get a full picture of yourself counting the cost that's in the show section at al-jazeera dot com but it's news coming out of the u.s. in the last hour or so the state department announced that secretary of state might on paper will travel to the middle east visiting eight countries in this part of the world let's get the details with rosalynn jordan who's up on capitol hill for us on the news good rosalynn take us through it. welcome all it's not the first time that michael pollan has visited some of the countries in the middle east but this is the first time since he became secretary of state in the past year that he will be making a regional tour usually secretaries of state do this in their first year he's getting to this in his second year it's important to note that these stops which include qatar saudi arabia jor

the dow jones industrial average up more than 750 the s&p 500, 78. both up better than 3% there's the nasdaq up 4% the russell000, small caps jumping as well today. jay powell saving the day. before i let you run, steve, january meeting, nothing, right? march, what about march? nothing? >> reporter: i'm just getting here, i don't have a full screen for you, but in the wake of the jobs report we're going to do 2.9. a strong end to the year and my endsing is most expect the first quarter to be strong as well it'll be a gift. making sure the whole thing clears out if markets stabilize. you can maybe start to think about something towards march. if you have a big down it will go the other day january is off the table in my opinion. march i think is 25/75 against hiking at this point unless you have a big change. >> you'll get through, joe, two earnings seasons if you will before the april/may meeting, the end of april into the first part of may, you'll see numbers and hear comments. off the table, do you agree with steve? >> i'll give you a date and a year >> if you're in the scott miner camp >> yeah. >> no hikes

jones industrials are worse. they're at 2.54% to the down side. nasdaq is on pace to snap its longest winning streak since august, it's deeper into bear market. taking a look at the russell 2000 and dow transports, the transports are getting crushed. airlines are a huge story. we will get more on that in just a second. but the transports are down three full percentage points. small and midcaps for the russell down 19 points or 1.5%. we are getting to apple because it triggered a lot of this. it is shaving about 91 to 95 points off the dow. the iphone maker plunging more than 9%, its steepest loss in six entire years after the tech titan cut its quarterly revenue guidance, blaming, i already told you, weakness in china. we are talking about economic issues in china. people are still nervous on the ground there that they don't want to buy iphones. at least that's what apple says. there is more to that story, like competitors who are making great phones, too. but look at shares of apple hitting an 18-month low, falling more than 37% from its record close back on october 3rd. we should mention here right now it is down nearly 10%, mark that, folks, three minutes past the top

jones industrial average was 23,147. almost 200 points in four minutes. same kind of thing with the s&p, nasdaq. russell a news but it closed at the height of the session. >> 90% of the trading of algorithms. >> it was on the upside this time. there can be some legitimate bottom fishing going on. >> the biggest 401(k) manager that more people were buying in the last. then selling. meanwhile, massachusetts governor elizabeth warren -- [inaudible] are we taking a listen to this? sorry. also making headlines, on instagram live. just one of the regular folks out there. knocking a couple back. connie west may have taken a break from politics, but he is still supporting president trump and he is are harder than ever. dow jones industrial average up right now for the session. we'll be right back. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, ho

jones industrials ended the day up 3/4 of a percentage point. the s&p up 0.85 percent, and the nasdaq composite up a percent and a third. the russellany investors are listening to see whether tensions with china are weighing on u.s. business at the start of the month, apple's ceo tim cook warned of a slowdown in china. >> as we look at what's going on in china, the -- it's clear that the economy began to slow there for the second half, and what i believe to be the case is the trade tensions between the united states and china put additional pressure on their economy, and so we saw as the quarter went on things like traffic in our retail stores, traffic in our channel partner stores, the reports of the smartphone industry contracting, particularly bad in november >> yet, since then some other american consumer companies have struck a different tone. here is p and g's david tailor yesterday. >> the vast majority of product we sell in china we make in china. the first thing we want to do is where we can we want to localize our supply chains and serve the consumer and make the product in the country where it's economically possible. th