BOLDUAN: Right now, the Dow facing its longest losing streak in more than a year, and the concern over the Trump administration's trade policies sure is not going away any time soon. The retaliatory tariffs that the E.U. is putting on billions of dollars of U.S. goods goes into effect this week. So buckle up, friends, as CNN's Richard Quest is joining me now from the New York Stock Exchange with more on this. Richard, what does this all mean? What do you see there?</s>RICHARD QUEST, CNN CORRESPONDENT & CNN HOST, QUEST MEANS BUSINESS: Today is the calm after the storm, but you always get the feeling what we might be seeing is the calm before the storm. because in this environment, Kate, you don't know where the storm is coming from. We've got trade worries. We've got tariffs on the horizon. You've got companies that are saying they're not sure what to do next. You've got companies criticizing the administration over the immigration separation policy. What have we got today? The Dow Jones Industrials are down just some 50-odd point, but the broader market and the S&P is higher. Volume is larger. You see the way the market is looking. It's a nice sea of green. But I urge you, do not be fooled because, underneath all of this, there's a tension in the market, Kate. We talked about the markets now live coming up online as CNNmoney.com. Essentially, what you need to know is that this market does not think the worst is about to happen, but it's holding its nose in case it does.</s>BOLDUAN: That's kind of good advice for life. Richard, great to see you. Thank you so much. Talk about kicking a man when he's down. I'm not talking about Richard Quest this time. First, the president helped sink Congressman Mark Sanford's reelection bid and now the president is reveling in it behind his back with Sanford's own friends. What's the message to the rest of the Republican Party? That's next.
Growing Trade Battle Sends Stocks Lower