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While Trump foes and the media have played up the gloomy surveys, the latest Gallup poll shows that American optimism in personal finances is just three-points shy of the all-time record, and significantly higher than it was under former President Obama. The numbers: 53% call their personal finances "excellent" or "good," compared with 49% in April. The Gallup high was 56% last year. Under Obama, it never hit higher than 48%. By 41% to 37%, Americans said their situation is getting better rather than worse. 61% of Republicans said their finances are getting better, up from 47% in May. 27%...

“The market has been a ray of sunshine — basically investors being convinced that we’ll get out of this, and the economy will recover along with earnings... The economy may very well be catching up with the stock market rather than the stock market going off on its own.“ That’s Edward Yardeni, president of Yardeni Research, explaining to CNBC why he believes the historic May jobs report will ultimately be a game-changer for Wall Street. In other words, he believes such a massive rebound in the employment number flies in the face of the popular notion that the rally is...

The stock market rallied once again on Monday, pushing the S&P 500 into the green for the year as the benchmark completed its wild round trip amid the coronavirus pandemic. Investors are growing more and more optimistic about a speedy economic recovery as states continue to reopen. Stocks finished the day at their session highs with the S&P 500 jumping 1.2%, or 38.46 points, to 3,232.39. The equity benchmark turned positive for the year in the final moments of Monday and has now bounced more than 47% off its March low. At one point this year, the S&P 500 was...

Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns. How are benchmarks performing? The Dow Jones Industrial Average US:DJIA jumped 950 points, or 3.6%, to 27,226, while the S&P 500 US:SPX rose 88 points, or 2.9%, to 3,201. The Nasdaq Composite US:COMP advanced 191 points, or 2%, to 9,807 and was briefly trading above its record closing level of 9,817.18 set on Feb. 19. The Nadaq-100 US:NDX , meanwhile, rose 171 points,...

CNN opted not to air President Trump's remarks on Friday's surprise jobs report showing 2.5 million jobs were added to the economy in May, with MSNBC carrying the comments partially, and Fox News, ABC, NBC and CBS carrying the speech from the Rose Garden in full. The president was in a celebratory mood following the report that the unemployment rate dropped from 14.7 percent in April to 13.3 percent in May. Analysts had expected the report would show unemployment rising to as high as 20 percent, and the new figures suggested an economic rebound could come more quickly. Stocks jumped...

The Washington Post was blasted on social media after it jumped the gun with an inaccurate tweet Friday claiming the May U.S. unemployment rate was close to 20 percent, moments after the actual report indicated the rate unexpectedly had dropped to 13.3 percent. “Grim milestone to be reached as May unemployment rate nears 20 percent,” the Post wrote in a now-deleted tweet to accompany a now-edited story with the same inaccurate headline. May’s 13.3 is significantly down from a record high in April, indicating the nation's economy is recovering faster than expected from the coronavirus lockdown – but it appears...

Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns. How are benchmarks performing? The Dow Jones Industrial Average DJIA, +3.16% jumped 692.87 points, or 2.6%, to 26,974.69, while the S&P 500 SPX, +2.53% rose 68.63 points, or 2.2%, to 3,180.98. The Nasdaq Composite COMP, +1.88% advanced 160.03 points, or 1.7%, to 9,775.85. On Thursday, the Dow ended 11.93 points, or less than 0.1%, higher at 26,281.82. The fourth straight gain matches a...

Nonfarm payrolls rose by 2.5 million in May and the unemployment rate fell to 13.3%. Wall Street estimates had been for a decline of 8.3 million and a jobless level of 19.5%, which would have been the worst since the Great Depression era. Much of the gain came from those classified as temporary layoffs due to the coronavirus-related economic shutdown. Leisure and hospitality represented almost half the jobs gained. Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far better than economists had...

President Donald Trump took a victory lap on news of a 13.3% US unemployment rate Friday, announcing in a tweet he would be holding a surprise news conference at 10:00 a.m.

TRENDING: George Floyd Coronavirus Donald Trump Joe Biden TheHill.com Trump touts surprise job figures: 'These numbers are incredible' By Morgan Chalfant - 06/05/20 09:22 AM EDT 690 24 AddThis Sharing Buttons Share to Facebook Share to Twitter Just In... Three alleged members of far-right movement charged with attempting to incite violence at Las Vegas protests State Watch — 2m 10s ago Former NYPD commissioner Kelly: If unrest continues, 'we are going to need the National Guard' Media — 10m 36s ago At least five Alabama football players have tested positive for the coronavirus: report News — 18m 24s ago Justice...

President Trump holds a Press Conference on 6/5/2020 at 10AM EDT. Links below. https://www.whitehouse.gov/live/ https://www.youtube.com/watch?v=uFCvKNOU8Hg&feature=youtu.be

What is the stock market telling us about the November election? Despite the fact that America currently has over 38 million unemployed workers, the market is down 8.5% this year, having gone up 32% since the late March low. Why is the stock market going up while our economy teeters on the edge of a Great Depression? There are several factors currently at work in the market with the most obvious being the extraordinary intervention by our leaders in Washington. Congress has authorized mind-boggling amounts of stimulus funds while the Fed has signaled that it is ready to purchase nearly...

The far-left Politico admitted Tuesday that Democrats are “dreading” the idea of a fast economic boom as America reopens, which explains the anti-science push among many Democrat governors to extend their pointless coronavirus lockdowns. Thanks to these lockdowns, some 40 million people are unemployed, some 40 million lives have been shattered; lines at food pantries seem to go on forever; countless small businesses are in danger of closing or already have… Nevertheless, what America’s oh-so compassionate Democrats dread most is a quick economic rebound that might undermine their grasping desire to hold on to and obtain power. “The general election...

Initial indicators show that Americans are very optimistic for an economic rebound in the short term. There are some good reasons for this optimism. Here are four reasons why Americans are ready for an economic rebound never seen before in world history:1. US optimism for an economic recovery is at an all-time high for most sectors. People are ready to begin making money again like never before: More & more sectors are showing record-breaking short term optimism.We previously noted this in tech, healthcare, small caps.Now, short term optimism for sectors like energy, retail, homebuilders, & materials are reaching *HISTORIC* and...

The Dow Jones Industrial Average Thursday midday was trading firmly higher, reversing a sharp drop that served as a gut-check to bullish investors amid the COVID-19 pandemic. The Dow DJIA, 1.46% was up 308 points, or 1.3%, at 23,562, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62. Gains were being driven by an advance in American Express Co. AXP, +7.42% and UnitedHealth Group Inc. UNH, +4.47%, which were helping to lead the charge. The S&P 500 index SPX, 0.99% was up 0.8% at 2,843, powered by a gain in the...

The new unemployment numbers are out and there's really no way to butter this biscuit, folks. Unless America's economic engine is restarted, we will be plunged into a Great Depression. Since the global pandemic hit our shores, more than 22 million Americans have filed for unemployment benefits. And the only way to stop this economic death spiral is for every freedom-loving citizen to embrace their constitutional rights, take to the streets and demand that their state leaders reopen this nation. As I wrote in "Culture Jihad: How to Stop the Left From Killing a Nation," the time has come for...

In his bitter, five-year battle with the media, I’m not sure President Trump has ever leveled a more serious charge than he is making right now. He’s turned “fake news” into an indelible slogan. He has called such news “the enemy of the people.” He has suggested that some journalists are traitors. And look, all kinds of media people have said all kinds of terrible things about the president, so there is deep hostility on both sides. But I was still taken aback, in the midst of this virus crisis, when Trump tweeted this the other day:

All eyes are on Congress closing in on a much-needed stimulus bill to rescue the economy from the coronavirus damage. The stock market staged a huge turnaround with the Dow posting its best day since 1933. Here’s what happened: 4:40 pm: Investors says one key piece is missing for a bottom Many on Wall Street believe absent a clear sign that the coronavirus is contained, rallies like the 10% violent upswing in the Dow Tuesday will come and go. “We’re going to need to have to see the infections pass an inflection point,” said Vincent Reinhart, chief economist at BNY...

Key Points Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus crisis. The latest daily briefing came as stocks struggled to recover from one of the worst trading sessions ever. Markets have shed trillions of dollars amid the coronavirus spread, which has crippled major industries and forced governments around the world to take drastic steps to try to slow the spread of the disease. ==================================================================== Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus...

utures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. The move comes after the Dow Jones Industrial Average ended its historic 11-year bull market run by closing in a bear market. Dow futures were down 900 points, indicating a loss of about 860 points at Thursday’s open. S&P 500 and Nasdaq 100 futures were also sharply lower.