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Keyword: trumpeconomy

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  • Hidden by impeachment: 'One of Trump’s 'best weeks yet'....

    12/13/2019 11:33:52 AM PST · by caww · 33 replies
    washingtonexaminer. ^ | 12/13/2019 | Paul Bedard
    From adding judges to... foreign policy,... trade,... immigration,... defense spending, and China, Trump added several more achievements he will tout when he hosts his next campaign rally, standing in front of a 2020 “Promises Kept” sign........."It was one of his best weeks yet," said a key White House adviser.......“There is one world where the mainstream media is covering impeachment, but there is another world where Trump is racking up a myriad of accomplishments! Added to the list of accomplishments this week: -An agreement on a new U.S.-Mexico-Canada trade deal. -A new budget including more than $1.3 billion for a border...
  • 'Boneheads' no more? Fed's rate cuts appear to defuse Trump's Twitter rage

    12/12/2019 11:47:31 AM PST · by Oldeconomybuyer · 29 replies
    Reuters ^ | December 12, 2019 | by Howard Schneider
    WASHINGTON - After three interest rate cuts and a fresh round of record highs for U.S. stock markets, has President Donald Trump lost interest in the Federal Reserve? A count of tweets from Trump about U.S. monetary policy suggest a detente may have taken hold between an elected leader who has lambasted Fed officials with insults like “clueless” and “boneheads” and a central bank whose rate cuts have helped buffer the economy from the administration’s own unpredictable trade and tariff policies. On Wednesday, the Fed left interest rates unchanged at the end of a two-day policy meeting, and signaled it...
  • Respected Market Timer: Jump onto this bull market now and ride stocks to new 2020 highs

    12/04/2019 10:45:43 AM PST · by SeekAndFind · 11 replies
    MarketWatch ^ | 12/03/2019 | Mark Hulbert
    Relax — the stock market’s decline that began on Black Friday is not likely to be more severe than a 4% to 8% pullback. In fact, you might even welcome such a reversal, since it would create conditions for the U.S. market to climb to new all-time highs in early 2020. These are the latest forecasts from Hayes Martin, president of Market Extremes, an investment consulting firm that focuses on major market turning points. I was introduced to Martin several years ago by David Aronson, author of Evidence-Based Technical Analysis and co-author (with Dr. Timothy Masters) of Statistically Sound Machine...
  • The Trump Economic Miracle Is the Best Revenge

    12/07/2019 3:42:33 AM PST · by Kaslin · 7 replies ^ | December 7, 2019 | Wayne Allyn Root
    I got a kick out of a letter to the editor I saw about my last column. It was from another bitter liberal -- Is there any other kind? -- who complained that I'm a liar. The writer argued that President Donald Trump's economy is not so great and said it's actually worse than the economy under former Presidents Barack Obama and Jimmy Carter. This just shows that the more liberals say, the better Trump looks to voters. The November jobs report came out Friday. Set aside the fact that Trump has produced one of the greatest stock markets...
  • Limbaugh on impeachment, jobs report: Trump has achieved 'peace and prosperity,' Dems have nothing but 'hatred'

    12/06/2019 8:44:32 AM PST · by conservative98 · 13 replies
    Fox News ^ | 1 hour ago 12/6/19 | Julia Musto
    House Democrats don't care about the needs of the American people because their hatred for President Trump is blinding, conservative radio talk show host Rush Limbaugh said Friday. Appearing on "Fox & Friends" with hosts Pete Hegseth, Ainsley Earhardt, and Brian Kilmeade, Limbaugh said that Democrats have "sacrificed every bit of concern for the American people" in their efforts to impeach the president.
  • How a Strong Job Market Has Proved the Experts Wrong

    12/06/2019 7:56:20 AM PST · by karpov · 22 replies
    New York Times ^ | Neil Irwin
    There are a lot of good things to say, and few bad things to say, about the November employment numbers that were published Friday morning. Employers added 266,000 jobs, a blockbuster number even after accounting for the one-time boost of about 41,000 striking General Motors workers who returned to the job. Revisions to previous months’ job counts were positive. The unemployment rate fell to 3.5 percent, matching its lowest level since 1969. Other numbers were less evocative of a boom time. The share of the adult population in the labor force ticked down, and average hourly earnings continued growing at...
  • Workplace Immigration Inquiries Quadruple Under Trump

    12/06/2019 5:17:47 AM PST · by karpov · 8 replies
    Wall Street Journal ^ | December 5, 2019 | Michelle Hackman
    WASHINGTON—Investigators with U.S. Immigration and Customs Enforcement opened about four times the number of workplace investigations in the year ended Sept. 30 compared with the close of the Obama administration, while starting fewer probes into gangs, weapons and financial crimes, according to new figures the agency provided to The Wall Street Journal. ICE’s focus on workplace enforcement—targeting both immigrants working illegally and their employers—has intensified in the past two years. Homeland Security Investigations, the ICE arm that carries out criminal investigations, opened 6,812 new workplace cases in the 2019 fiscal year, up from 1,701 during fiscal 2016. The agency made...
  • U.S. adds 266,000 jobs in November, unemployment dips to 3.5%

    12/06/2019 5:40:41 AM PST · by John W · 25 replies ^ | December 6, 2019 | Jeffry Bartash
    WASHINGTON (MarketWatch) - The U.S. created 266,000 new jobs in November, marking the biggest gain since the first month of the year and signaling the labor market remains quite robust even though the economy has slowed. The increase in new jobs easily topped the 180,000 MarketWatch forecast, helped by the end of the GM auto-workers strike. That added roughly 50,000 jobs to the payrolls number. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low.
  • MAGAnomics – U.S. Black Friday Online Consumer Spending $5.4 Billion (+22%)…

    11/30/2019 4:20:31 PM PST · by E. Pluribus Unum · 13 replies
    The Conservative Treehouse - The Last Refuge ^ | November 30, 2019 | sundance
    Jumpin’ ju-ju bones…. Keep in mind as you review these numbers – U.S. consumer spending accounts for two-thirds of total U.S. GDP. The sales numbers from Thanksgiving and Black Friday are exceptionally strong, showing confidence by consumers this holiday season. This is not the ‘recession’ we were promised by pundits. Continued strong wage growth amid all sectors of the U.S. workforce, particularly in non-supervisory positions, combined with low inflation and low energy costs, means consumers are spending out of ‘household cash flow’ which is considerably higher. (Via CNBC) […] Spending online on Black Friday, as of 9 pm ET, hit...
  • U.S. stocks end at all-time highs, major indexes clinch 10th record close of November

    11/27/2019 1:18:52 PM PST · by Diana in Wisconsin · 49 replies
    Market Watch ^ | November 26, 2019 | Chris Mathews
    U.S. stocks advanced to close at new all-time highs Tuesday, as investors focused on U.S.-China trade talks and an upbeat assessment of the economy from Federal Reserve Chairman Jerome Powell. How did major indexes fare? The Dow Jones Industrial Average DJIA, +0.15% rose 55.21 points, or 0.2% to 28,121.68, while the S&P 500 index SPX, +0.42% rose 6.88 points, or 0.2% to 3,140.52 The Nasdaq Composite Index COMP, +0.66% gained 15.44 points, or 0.2%, to close at 8,647.93. Volumes were expected to remain subdued ahead of Thursday’s Thanksgiving Day holiday, which will see U.S. markets closed, followed by an abbreviated...
  • Black Sacramento entrepreneurs are calling on shoppers to ‘buy black’ this Black Friday

    11/26/2019 7:27:56 AM PST · by artichokegrower · 36 replies
    Sacramento Bee ^ | November 26, 2019 | Alexandra Yoon-Hendricks
    Ayisha Ransom-White knows how hard running a successful small business can be, especially for African American owners like herself.
  • President Trump To Tour Apple Facilities In Austin On Wednesday

    11/20/2019 8:44:04 AM PST · by Hojczyk · 38 replies ^ | November 19, 2019, | ALEX SAMUELS,
    President Donald Trump will head to Austin Wednesday to accompany Apple CEO Tim Cook on a tour of company facilities, a White House official confirmed to The Texas Tribune. According to the official, Trump will tour a new Apple manufacturing plant and tout the company’s recent expansion, which includes the creation of thousands of new jobs. Cook and Trump will join U.S. Treasury Secretary Steven Mnuchin, Director of the National Economic Council Larry Kudlow, son-in-law Jared Kushner and daughter Ivanka Trump on the visit. While on the tour, Trump, Cook and the administration officials will hear from Apple employees about...
  • Remarks by President Trump at the Economic Club of New York | New York, NY (interesting, detailed)

    11/12/2019 4:46:05 PM PST · by ransomnote · 10 replies ^ | President Donald Trump
    New York Hilton Midtown New York, New York 12:09 P.M. EST THE PRESIDENT: Well, thank you very much, Barbara. So sad that this is live. She said it’s live. (Laughter.) It’s always live. There’s always somebody with a phone. It becomes live. Ask a lot of politicians that are no longer in politics. I want to thank Marie-Josée Kravis for your incredible leadership of the club. It’s an honor to be here. It is wonderful also to be back in New York with so many friends and distinguished leaders in business, in finance, academia, and, I have to add, in...
  • Trump economy is really experiencing a middle-class boom -- this data doesn't lie

    11/07/2019 7:04:19 AM PST · by knighthawk · 12 replies
    Fox Business ^ | November 07 2019 | Steve Moor
    I recently wrote op-eds that ran in the Wall Street Journal and on these pages that showed median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years into the Trump presidency. This is tremendous news and documents substantial middle-class prosperity in Trump’s first three years in office. The $5,003 rise in middle-class incomes is especially impressive given that incomes only rose by $1,200 in the seven years under Obama — after the recession ended. If the media, liberal think tanks and Democrats in Congress were truly concerned about the...
  • DNC chair Tom Perez fumbles when Univision host points out how Trump economy benefits Hispanics

    11/05/2019 9:25:48 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 11/04/2019 | Thomas Lifson
    There are millions of Americans who didn't vote for Trump who have substantially benefited from the economic boom created by his tax cut and deregulation policies.  The median household income is up $5,003 before taxes for his term so far, and given the tax cuts, the after-tax total must be even higher.  Racial and ethnic minorities with large numbers of low-income members have benefited tremendously from the cutoff of the supply of unskilled labor from illegal aliens, as wages have climbed steeply at that end of the scale. Beth Bauman of Townhall notes that Hispanics have particularly benefitted: The Hispanic unemployment rate currently sits at...
  • The Dow, S&P 500 and Nasdaq hit record highs

    11/04/2019 2:18:03 PM PST · by Ken H · 19 replies
    CNN ^ | Nov 04, 2019 | Anneken Tappe
    New York (CNN Business) .US stocks hit historic highs again on Monday. But this time the Dow joined the record-setting club as well. All three major stock indexes -- the Dow, S&P 500 and Nasdaq Composite -- finished at their highest level on record. Markets around the world were trading higher on hopes that the United States and China will reach a full trade agreement. The Dow (INDU) closed up 0.4%, or 115 points, at 27,462 points, succeeding the record its set on July 15.
  • Bank of America will pay a $20 minimum wage a year earlier than planned

    11/04/2019 4:03:25 PM PST · by NoLibZone · 34 replies
    fox13now. ^ | Nov 4 2019
    The American job market remains tight, and banks are scrambling to find people who want to work at their branches. That’s why Bank of America is raising its minimum wage to $20 an hour in 2020 — a year earlier than expected. Bank of America said Monday it would raise its minimum wage for its more than 208,000 US employees by the end of the first quarter of 2020. It previously planned to boost paychecks to $20 an hour by 2021, and made a down payment on that commitment by hiking wages to $17 an hour on May 1, 2019.
  • October job creation comes in at 128,000, easily topping estimates even with GM auto strike

    11/01/2019 6:11:03 AM PDT · by God luvs America · 21 replies
    CNBC ^ | 11/1/2019 | Jeff Cox
    Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones. Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the GM autoworkers’ strike and created jobs at a pace well above expectations. Even with a decline of 42,000 in the motor vehicles and parts industry, the pace of new jobs well exceeded the estimate of 75,000 from economists surveyed by Dow Jones. The loss of jobs came due to the General Motors strike that has since been settled. That 42,000 job loss itself was less than...
  • The US economy added 128,000 jobs in October

    11/01/2019 6:08:36 AM PDT · by John W · 9 replies ^ | November 1, 2019 | Anneken Tappe
    New York (CNN Business)The US economy added 128,000 jobs in October. The unemployment rate rose slightly to 3.6%. The United States lost 36,000 manufacturing jobs last month, impacted primarily by the GM strike.
  • IMF chief applauds "bravery" of Trump tax cuts

    10/28/2019 8:51:54 AM PDT · by NohSpinZone · 4 replies
    Axios ^ | 10/28/19 | By Felix Salmon
    Kristalina Georgieva, the new managing director of the International Monetary Fund, applauded the Trump administration's "bravery to use a tax reform to spur more growth" in an exclusive interview with "Axios on HBO." Why it matters: Georgieva vowed that she would be able to persuade the U.S. to commit more money to the fund during the course of her five-year term. "I will get my quota increase," she said — in the face of reported U.S. opposition and a U.S. veto over any changes. Georgieva comes to the IMF from the World Bank, where she was CEO and where she...