Saagar Enjeti

is that they are still very upset over many of the sanctions on Chinese companies.

And remember, if you read between the lines of all of these things, it's about mutual respect.

It's also about Taiwan.

But the second or the tertiary really thing that they really want is they're salivating

at the entrance of the us consumer market for their goods which they're not currently able to sell here which is auto so that was a big big thing that they've been trying to get into u.s markets now for some time i think you put all those together and you could see very clearly like what they want out of the summit what trump wants i just think generally it's like you said considering the position

of the United States were really distracted because of what happened here with Iran.

And it's just created like such a disaster for them in the ability to, it gives it such a disaster on the part of the United States to meet them at a time of such incredible weakness.

Like I'm trying to think of a previous historic parallel.

I really can't.

I mean,

Maybe the only one would be some bilateral negotiations between the U.S.

and the Soviet Union at the height of the Vietnam War.

That's really the last time that something of this level of consequence is happening in Iran.

And I know something's not popping off every day, but look, the price of oil is where it's at.

And the defeat has happened strategically.

It's over.

At this point now, you may have to invade or, you know, there may be some sort of escalation or maybe even some sort of a deal.

But no matter which way you cut it, like from the day one of the war to where we ended up some 30 whatever days later with the announcement of the ceasefire, you can't say that it didn't fail.

It is complete and total failure.

Absolutely.