Steven Cook, CFR Senior Fellow for Middle East And Africa Studies, says the U.S. is engaging in psychological warfare with Iran and not deescalating tensions with the region. Ellen Zenter, Morgan Stanley's Chief US Economist, says there is no indication businesses are broadly laying off workers. Randy Kroszner, University of Chicago Professor and Former Fed Governor, says the fed is more likely to stay on hold. Lawrence Kudlow, National Economic Council Director, says everything is completely in place for the Phase One U.S.-China trade deal.