Why China May Want A Deal Sooner Rather Than Later

October 21, 2019

On the Trey Ware Show, Karl & Trey discussed the economy and a key report that could indicate China is ready to sign a trade deal.

Trey Ware:                         Karl Eggerss is joining us from creatingricherlives.com and we’re talking about money for your week. How’s it going Karl?

Karl Eggerss:                      Hey Trey, how are you doing?

Trey Ware:                         Doing well, man. What’s the big money news this week?

Karl Eggerss:                      Well, it was interesting. Last week, we saw China reported their slowest growth since the 1990s and so they appear to want to do a deal more than we do. And so that’s really what’s driving all of this. And so we saw some positive comments yesterday out of China that trade talks are going well. And of course, we had that kind of deal, structural deal made a week ago, but it wasn’t signed and we didn’t know when it was going to be done. So some people said, “Well, maybe the Chinese are kind of pulling back a little bit. Maybe they want to talk a little more.” But again, trade progress is happening and with China’s slower growth, it looks like that’s going to happen sooner rather than later. So that’s a positive thing going on. And then this week is a really, really busy week for all the companies that report their profits. That’s going to come out and that will really tell us a lot about how the economy’s really doing because the CEOs are going to report those profits.

Trey Ware:                         Here’s one for you. Latino-owned businesses are growing at a record pace during the Trump economy, a 46% jump in revenue this year with Latino-owned businesses. Also revenues and Latino owned companies have jumped 23% just in the past few months. They are flourishing in the Trump economy right now, particularly Latino-owned businesses. Now I don’t know why. It doesn’t, the study doesn’t say that. The study’s just talking about the facts and the figures, but that’s good news.

Karl Eggerss:                      It’s awesome news. We follow the housing market really closely to San Antonio, all over the place. South side, east side, west side, north side. It’s extremely strong right now. And a lot of folks that are buying houses on the South side have their own small businesses and they’re doing very well. And again, we need to continue to watch that because as long as consumers are doing well, as we’ve been saying, the economy is going to keep rolling because they’re spending money. And we’re seeing good signs of that. So that’s something a positive, especially, like I said, in San Antonio.

Trey Ware:                         Yeah, that’s right. creatingricherlives.com. Thank you, Karl. Appreciate that.