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Wells Fargo Managing Director Bryan Piskorowski talks about the impact of a Chinese economic slowdown on U.S. markets.
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-- and Brian it is also kind of a barometer of what's happening overseas although we're seeing different sides removed from Starbucks.
But are you concerned that as we go into the fourth quarter now we are gonna continue to see a slow down that might affect stocks that have big exposure to China.
No actually I think you're -- the other thing you know the big issue to -- -- wouldn't grappling with China over the last two years has been affected they have been aggressively trying to slow their economy now a word about that -- getting to hold hold in coming in for court landing.
The key is we're seeing right now you -- echoed in the PMI report out last night is that you are seeing.
Expansion.
In their manufacturing side and I think that's breeding better will.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 85% as Las Vegas Sands that revenue coming from the Asian region and it does the number that I throughout there does that give you any clarity about how we go forward on the stock.
Bucks or so is another focus in on if you look at when the other competitor you know hasn't done so well but they've really positioned themselves very strongly -- you know again I think that a lot of fallout has come from not.
You know -- fear a hard landing in China but let's not forget the rebalancing they're doing is really gonna be consumer oriented so you don't make it looks like it could be a good strategy but I think the real problem is an online gaming in the US which -- totally like -- the boat on and that you know that could that's supposed expected to be as high as a hundred billion dollar market.
Which you know there really not I don't think -- that game at all.
But you laser assert -- but as far as if you're expecting a hard landing in China I probably wouldn't think that's gonna you know that I'm on the other side of that -- not robust but no hard landing.
Our thanks guys very much to and we appreciate -- Bryant has -- is well.
Good perspective thanks gentlemen wealth.
