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why am I being so selective let me walk you through my rubric for what's worth by in this treacherous moment first I want stocks that don't need a trade deal to go higher because I don't know we're gonna get a trade deal or not as these talks were trying to drag one with endless contradictory lease on both sides the list of casual is longer and longer earlier this week we spoke to David Farrer times CEO of Emerson Electric knows more than all of us I think he might be willing to break up the business literally split it in half on Wi-Fi I love breakups they tend to be fabulous for shareholders but does that mean you can just go buy the stock of Emerson uh-uh not so fast see far has been a visionary well how do you tell that because he built a gigantic presence in China before everybody else because the Chinese market was the huge source of growth in the world unfortunately he didn't predict as did no one else the full extent of president Trump's trade war so now I'm just got a problem there's not much Emerson can do about it other than hope things will blow over or the Chinese economy won't be hit too hard or the Communist Party won't expropriate their factories to strengthen their bargaining position I mean who wants that kind of risk not me sadly this great American company stock has become too binary it's a Deal or No Deal situation and that makes it stop too difficult to own even those I'd love to tell you three percent yield the balance sheet far Liam and there's Cisco the SC SC okay in August they reported shortfall and even though China's only roughly about three percent of their business maybe a little less it played a very negative role with shortfall cisco got hammered again today goldman sachs buy to hold down with but even though the stocks become incredibly cheap how do we know the numbers aren't dunk coming down you can't no nobody knows where this trade war might go next look here's a good one two days ago nvidia is not my dog but chess it might not be a whole bag of gummies last night can you believe it had to take them to vet up on my the white whatever the stock plummeted seven points two days ago because our government decided to crack down on technologies that china might use for facial recognition to help perpetuate human rights abuses who knows if invidious technology is even used therefore that it didn't matter though nobody saw that coming no more than my wife did with the CBD gummies that she keeps feeding because makes him so he can jump up on the bed he couldn't get up before all right think about what happened with that with Apple okay what would have occurred what would have occurred to this to this if they hadn't pulled this app that the Hong Kong protesters were using to track the locations of the police apples policies first you no harm it was enabling protesters to target police so it had to go but you have to want to right you have to wonder if China will still punish Apple for even having this site up to begin with I mean think about what they're doing with any NBA right so what if you're a retailer that lacks the clout of the larger players like a watch by acronym for Walmart Amazon Target Costco and Home Depot what if you can't switch your supply chain fast enough to avoid the next round of tariff increases scheduled for next week when I was flipping through the ESP a huge number of stocks were exposed to at least one or more of these flash points my next test well ask yourself if you're looking at a company that's going to be disrupted by competitors who are playing with free money or a superior technology the other day we spoke with rich Harris Allison I know a few Saudis this terrific CEO of Domino's and he talked about how the third-party delivery services are willing to lose big money to partner with competitors Domino's may have the best food delivery system on the planet but they can't come people free I mean I can't complete at least with these platforms that are willing to lose money when every word these same venture capital funded competitors are why the stock of grub up is only a couple points from his fifty-two weekend whoa s
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