Trump says United States is talking with China

"We cannot let China pursue these unfair and unreciprocal trading practices" Mr Kudlow said

Investors were in an upbeat mood after White House chief economic adviser Larry Kudlow said that if talks between deputies from Beijing and Washington went well and "we can have a substantive renewal of negotiations" then "we are planning to have China come to the U.S. and meet with our principals to continue the negotiations".

"We are doing tremendously well", the President told reporters on a tarmac in New Jersey before boarding Air Force One to return to Washington.

"I don't see a recession", Kudlow said on NBC's Meet the Press, echoing his boss. "The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!"

"And most economists actually say that we're not going to have a recession. They're loaded up with money". In Sunday television interviews, he said that consumers are seeing higher wages and are able to spend and save more.

WASHINGTON (AP) - President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time", saying that such an action would make the USA economy even better and would also "greatly and quickly" enhance the global economy.

Asian and European markets rallied on Monday following a strong lead from Wall Street and comments from Donald Trump's top economic adviser hailing "positive" trade talks with Chinese negotiators. He said he fears Trump is driving the global economy into a recession.

US military tests ground-based cruise missile
A ground-launched cruise missile was successfully fired in a test, the Defense Department announced on Monday. The ground-launched version of the Tomahawk was removed from service after the INF was ratified.

On Monday, the curvy couch took notice of how much conversation there has been about the possibility of recession between the Dow's recent plummet and other troubling indicators from the financial markets.

White House economic adviser Larry Kudlow fields questions from reporters outside of the White House. "They are spending and they are saving".

"As the new week kicks off, stocks are in demand amid increased optimism over United States and China reaching a trade deal and as investors anticipate stimulus measures to shore up slowing economies", noted Fiona Cincotta, analyst at City Index trading group.

"The Federal Reserve chairman should look in the mirror and say, 'I raised rates too far, too fast, and I cost this economy a full percentage point of growth,"' Navarro said.

The National Association for Business Economics poll found that about four in 10 economists expect a recession next year, though about 48 percent don't expect a downturn until 2021. That means consumers reviewing their retirement accounts might still feel confident in their savings, and may wait for more warning signs to appear before they cut back, said Brian Rose, senior Americas economist at UBS Global Wealth Management. On Sunday, Kudlow again pointed the finger at the central bank, describing rate hikes through 2017 and 2018 as "very severe monetary restraint".

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