. >> sheila patel with us. coming up, her views on investment strategy as nevisors face geopolitical risks from other things. >> and an exclusive interview with john lowered. how protectionism is affecting their business. ♪ j.d. >> in the u.s. market as elsewhere, it was a rough ride for stocks as they kicked off with a wave of selling, particularly in tex. the steepest drops since early april. we did see buyers coming back as we try to digest exactly what was going on with the news flow out of washington. >> it seems the white house comments may have made a difference. let's look at the snap shot. what you have is a market that is wondering hey, is this a deal negotiating with all this rhetoric or think again. maybe this stuff is going to continue and really hurt the market and that's the mentality that seemed to sink in no gold movement. declines for seven days. crude caught up a little bit after hours but did decline after its big run-up post opec. let's go to the bloomberg charts which says it all. tech tro

anna: sheila patel of goldman sachs, joinin was joining us th.welcome our next guest, joining us in the studio. i was fascinated by the list of trade as aciting reason for cutting jobs, moving facilities or change in their pricing structure. this is having an impact quite quickly, harley shifting production to europe, the maker of jack daniels speaking about cutting prices, this is having an impact already? guest: it is, starting to. especially given that we have been seeing corporates really plans, but the fundamentals are pretty strong. that it doneoncern great the confidence and interferes with the plans happening. but i think we have to remain calm and see how it plays out. a very andof leveotiation process, several months to go with risks in mind, so yes, something to watch. manus: keep calm and clarion, that is what we do every day on daybreak, anna. good morning to you, hani. we haven't really had trade war is coming to the effect yet, but this is what the dutch have put together for us. leave it to them, to tell us what it is all about. t