As a Harvard professor, Elizabeth Warren rang the alarm bell in the lead up to the 2008 financial crisis. Now a veteran senator, she is ringing that bell again.

The Chinese economy cooled in the second quarter, but growth was in line with expectations despite pressure from U.S. tariffs.

Taken together, the impact of President Trump’s whirlwind six months back in office is showing up in the economy.The effect isn’t yet enough to derail the economy, which by many measures has weathered Trump’s trade wars much better than many on Wall Street and in Washington feared.

President Trump seems to think financial markets are perfectly happy with his tariffs and open to his more aggressive approach, because stocks keep hitting all-time highs. Meanwhile, financial markets think there's absolutely no chance Trump will go ahead with the tariffs he's threatened,

President Donald Trump and his supporters point to encouraging economic indicators to argue that concerns about his tariffs are overblown. Skeptics, however, say it’s too soon to declare that all’s well.