 Trade tensions are weighing on the mark as we were just showing you those futures. Let's look at them again Actually, we're seeing now a little bit more of a sell-off in the pre-market the Dow down down 155 S&P is down by 13 Nasdaq is down by 18 points US futures taken a hit this morning There are reports that President Trump has now approved tariffs on 50 billion dollars worth of Chinese goods and official announcement is Expected today from the White House the president's approval coming after a meeting yesterday with top economic officials including Treasury Secretary Steven Mnuchin Commerce Secretary Wilbur Ross and trade representative Robert Lighthizer now the affected imports would face 25 percent tariffs joining us now Melissa Armo of stockswish.com Melissa let's get your take first on the response. Well first off the market response We're seeing quite a sell-off this morning. Definitely. I was surprised when I got up this morning how big we were down I mean, we're all aware that these tariffs were coming up this week But I think we're down a lot this morning And I would be shocked if we don't fall today because the market really didn't rally a whole a lot this week Where I thought we would after the summit I thought we'd take off like a rocket and we really did it and we kind of just held We were strong we held and now work up and down big this morning You know it's interesting because it's kind of been an on-off situation with a potential trade where whether we're talking about the Europeans or the Chinese or the NAFTA Negotiations which are frankly falling apart between Canada Mexico and the US of those three things What's the most the biggest concern that you have right? I think the biggest concern is tariffs that the market overall for the last few months has not liked tariffs The market reacts negatively every time we're something out on the tariffs And we haven't seen enough of a rally over the area for the S&P at least to get back over the highs or the Dow the the NASDAQ has had a great run though. I'll say that and that's been tech I mean Amazon made new highs yesterday Netflix made new highs yesterday But overall the market does not like tariffs and that's the biggest That's the biggest thing that I see that would hinder us from going higher in the months and then in the upcoming months You know I've got Mitch and Jack with me from Shinnecock Hills And I want to go out to both of you on this issue of the sell-off that we're seeing guys Mitch to you first that trade war Investors having a pretty rough reaction today to what has frankly been talked about for weeks That we would have a very uncomfortable Trade war going between ourselves and the Chinese now. It seems pretty pretty clear. It's gonna happen And and show I'm a little honestly surprised at the markets reacting and I do agree that the market doesn't like tariffs But I think it's been pretty well Communicated and telegraphed by the administration that tariffs are gonna be a strategy that they're gonna use to get Chinese And some other countries attention We'll see how the day plays out in the markets But I wouldn't all be surprised if as the news Evolves over the day that the market could even turn around today and Jack. I mean, yeah, I agree with me Yeah, Jack. I was just gonna say you are you're a you're a double threat, frankly I mean you're on the financial side of the business as well as the former football player and all of this What do you say about the markets right now, Jack? I think it'll recover really fast. I don't think this will be you know a long-term situation I mean, we have tariffs but at the end of the day with you know, the Trump administration are using these tariffs So also negotiate on other foreign policy obviously with North Korea and all sorts of things So I think it's just the beginning. I think you'll see a lot of backing for it over the next probably a couple months But at the end of the day, you'll see some stability come back into the marketplace