NEC Chairman Larry Kudlow Discusses July Jobs Report…

National Economic Council Chairman Larry Kudlow discusses the July jobs report with Fox News host Stuart “Grumbles” Varney.

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Stuart “Grumbles” Varney and Neil “Eeyore” Cavuto are cut from the same GOPe Wall Street cloth:

Neil Cavuto and Stuart Varney

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This entry was posted in Economy, Election 2018, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

74 Responses to NEC Chairman Larry Kudlow Discusses July Jobs Report…

  1. thedoc00 says:

    You are 200% wrong about Varney. he has stood by the president every step of the way and went out on a limb predicting a huge jump in the employment report. He may not be as refined as Charles Payne but he is every bit a President Trump supporter. he even goes to so far as to cut off the token fair and balanced liberals dumped on his show by Fox Management.

    He is one of the good guys, so go easy.

    Liked by 1 person

    • thedoc00 says:

      In fact I question if you even watch Varney if you lump him with “I don’t know” boob Cavuto.

      Like

    • Toenail says:

      Careful on the Charles Payne reference. I believe he voted for Obama twice. I have a hard time thinking of Charles as a paragon of intelligence.

      Liked by 3 people

      • GB Bari says:

        Then you haven’t been watching Charles or listening to everything he says, especially how he reacts to any naysayers on PDJTs trade strategy and economic policies.

        Charles has already described his voting for Obama and his utter disappointment.
        He is a very changed man, has demonstrated a very good understanding of MAGAnomics, and is firmly on the Trump Train!

        Liked by 5 people

        • Ditch Mitch says:

          GB, I’m with you on this one. I don’t hold it against anyone for voting for Bozo. His campaign was an illusion of hope which conned many. Charles is totally on board with Trumpnomics. It’s great when Kaputo eats too much pasta and has to take a week off allowing Charlie to sub for him. Totally different show.

          Liked by 5 people

          • wodiej says:

            I do hold accountable all who voted for obama. If one cannot be objective and informed about the skills and experience needed to lead a country, then they should not be voting.

            Like

        • wodiej says:

          Hmmm, he’s a changed man now that there is no “black” man as president. Anyone who would vote for someone like obama, regardless of skin color, with virtually no experience or credentials to show he or she can handle the job, is not a person who can be objective.

          Like

        • Anyone who could not see what a lying dirtbag Obama was on day once is an idiot.
          He talked (and talks) like a first grader.

          Like

      • Charles Payne said himself on one of the shows that he had voted for Obama “for Rosa Parks”. He said that in Obama’s 2nd year 1st term, that’s when I quit listening to Charles Payne. That is a crappy reason to vote a leader into into office, he is saying color was his reason to vote, not capability and definitely not knowledge.

        Liked by 2 people

        • rf121 says:

          At least Charles is black and he explained his reasoning. The reason Obozo got in was all the guilty white libs and rino’s that voted him in because he was black. Those are the idiots.

          Liked by 2 people

        • GB Bari says:

          In fairness, it was quite obvious his vote reflected a lot more than “color.” Unless one has been on the receiving end of what American blacks experienced for a full century after their emancipation (partially typified by Rosa Parks), it would be unwise to assume one understands the complex emotions deeply engrained into their psyche and the motivation to vote for the first black candidate who became a nominee for the presidency.

          NONE of the established MSM networks or papers provided the in-depth background information on Obama that was available on alternative internet news sources prior to the election, so it was heartbreaking but understandable that he received a large majority of the black vote and a heavy amount of white and Hispanic vote as well.

          Much of that vote was cast without real knowledge about the candidate and purely as hope and goodwill. I expect Charles Payne was likely in that latter category.

          He has become a very full throated defender of MAGAnomics so I welcome his support and hold no animus towards him for voting his heart in the previous two elections.

          Liked by 1 person

          • wodiej says:

            Voting for the leader of the #1 free world should NOT be based on hope and goodwill. That’s one of the worst excuses I’ve ever heard for voting for someone. Seriously?

            Like

      • CarolynH says:

        Then you would be wrong. When the crew on Morning with Maria were grumbling about the report it was Charles who jumped in and said he saw a lot of good things in this and noted it made it less likely the fed would jump in and raise rates. He pointed out the good numbers for blacks, Hispanic’s, women and even high school students and then he opened his show with it today. Payne is not only a good guy he is a huge Trump supporter!

        Liked by 3 people

    • Shebasmom says:

      No, Sundance is right. I have watched Varney for years and he will dump on President Trump given the slightest opportunity. He is no Lou Dobbs. Sorry……… Do not forget, he works for Cavuto, VP of FBN.

      Liked by 2 people

    • Ditch Mitch says:

      Stu definitely believes in Trump Economy. If he doesn’t understand it he will learn and correct himself. He did that this morning with the lower than expected job creation numbers. Got Kudlow to explain the numbers and became convinced the numbers are not a negative.

      Because Stu is a British import he undertands the difference between US and British economies. All in for Brexit too.

      Liked by 2 people

    • jeans2nd says:

      Obviously you did not listen to the vid above. Had you done, you would have heard Grumbles live up to every expectation of the correctly applied moniker. Had you listened to the end, you would have heard Grumbles doing entirely something else.

      Liked by 2 people

  2. Mercenary says:

    Varney’s a believer, Cavuto is hot trash.

    Was it me or is there a huge discrepancy in jobs? I heard yesterday it was 210,000 or something like that? Now we hear 167,000? I’m not complaining, but what’s with ADP being way off all the time?

    Liked by 1 person

    • patsfaninpittsburgh says:

      Different methodologies.

      BSLS is gov’t run and easily manipulated.

      Odumbo’s BSLS numbers were always higher than ADP.

      Liked by 2 people

      • Mercenary says:

        So which is correct? The 210,000 or the 167,000? Since we just saw revisions of 67,000(!!!!), should we believe the 200,000+? Is the BLS or BEA sabotaging Trump again??

        Like

        • GB Bari says:

          You decide.

          If they always OVERstated Obozos numbers yet consistently UNDERstate PDJTs numbers, can there be any other rational, defensible reason for this besides blatant bias?

          I think not.

          Liked by 7 people

        • patsfaninpittsburgh says:

          Go with ADP.

          Just look at the revisions from the BSLS and explain why anyone believes the initial month estimates?

          Liked by 1 person

        • CarolynH says:

          This will likely be restated higher next month same as they upped May and June. For the three months we averaged over 200,000 a month.

          Liked by 2 people

          • Jedi9 says:

            In our business whenever the estimates of job or unemployment reports are higher or lower than what is expected, is called a “head fake”! There is so much manipulation in the markets it is truly disgusting! The insiders are always in the know before these official numbers are released!

            Like

      • Ditch Mitch says:

        The calculation of all these measures of economic performance have to be tossed and new valid methods have to be used. This has been stated many times by many economist even Kudlow. The tools just do not fit Trumpnomics.

        Like

        • GB Bari says:

          I think you my be right but then that indicates the metric is poorly defined and poorly applied. A good, reliable metric should work regardless of the drivers behind the changes in results. If the metric has to be tailored to each economic environment then it is a bad metric and quite vulnerable to manipulation.

          Like

          • Ditch Mitch says:

            There are universal metrics. As you point out they should give accurate results regardless of the drivers.

            And there are lets say agenda driven metrics. The cut of data they take sell a position the author wants to present.

            Like

    • I cannot speak much to this except on Cavuto. I taped the inauguration on two channels for President Trump, expecting the FOX narrated to be jubilant.

      I don’t think anyone on CNN or MSNBC could have surpassed Cavuto for villifying and prognosticating a disaster.

      Disgusting…or the deep state terrified or bribed him into acquiescence.

      I don’t think any of these top dogs were invulnerable to a surveillance that could tap into their phone calls, their texts and their emails.

      Like

      • Ditch Mitch says:

        Kaputo has always been a globalist. He supported Bush globalist agenda so it appears he was supporting a republican agenda. There are many like that. The phony capitalists are the worst. No principles, turn in a NY min.

        Like

      • Ditch Mitch says:

        Kaputo has always been a globalist. He supported Bush globalist agenda so it appears he was supporting a republican agenda. There are many like that. The phony capitalists are the worst. No principles, turn in a NY min.

        Like

  3. big bad mike says:

    Will Stu be happy when they revise the July Jobs Number to 200,000+ next month?

    Liked by 1 person

    • GB Bari says:

      Nah. He’ll whine about why they weren’t revised even higher.
      I’ve given up on Varney.

      Had been ok with him up until a few months ago, he seemed to be supportive of PDJTs policies. But Murdoch’s pajama boys must have passed down marching orders to start questioning the Administration’s success and to start suggesting problems….

      I think Maria B. got the same memo.

      Liked by 3 people

    • fleporeblog says:

      I just tweeted the MORON the following:

      @Varneyco is so full of💩! The Atlanta Federal Reserve revised their forecast for the 3rd Quarter today. It is 4.4%. That BS that the July Jobs Report shows that the 3rd Quarter will be down compared to the 2nd is a LIE!

      He has NO CLUE about MAGAnomics!

      Liked by 2 people

  4. bullnuke says:

    I wasn’t sure how The Kudlow bear would perform. Have to admit he has been an excellent spokesman and cheerleader for the president’s agenda.

    Liked by 7 people

  5. Murray says:

    Personally, I would have liked to see (tongue firmly in check) 13K MORE government employees (net 26K more) not the 13,000 decline IF they were all prosecutors and we started to see some indictments!!! One number does not a tend make but overall the economic trend is positive where as equal justice under the law and accountability for past wrong doing is stuck at ZERO and that my friends is NOT acceptable to me and should not be acceptable to anyone else either.

    Like

  6. ForGodandCountry says:

    Statler and Waldorf?

    No whey!!

    Varney and Cavuto are more like Oscar the Grouch and Mr. Snuffleupagus. 🙂

    Liked by 1 person

    • Daniel M. Camac says:

      FGAC, Pfffffeeew! You nailed it. I know my favorite characters Elmo and Grover are heaving a sigh of relief. Ha.

      Like

  7. Stuart Varney and has defended the Trump economic plan from the get go. He also “gets it” when it comes to tariffs and trade.
    http://dailycaller.com/2018/06/21/stuart-varney-defends-chinese-tariffs/

    Liked by 3 people

    • Robert Swanson says:

      Agreed – I would never lump Varney into the same category as Cavuto.

      Liked by 1 person

    • GB Bari says:

      Shane that was mostly true up until that article was published. I just posted above that something changed with Varney recently and he’s become a “But…” boy. He’s constantly questioning the Administration policies and asking about the problems, the negatives.
      Maria B. is doing the same. Seems that FBN management sent them marching orders.

      Liked by 4 people

  8. calbear84 says:

    @1:40 priceless! Welcome back Larry! Please keep your stress level low 🙂

    Liked by 2 people

  9. Bone Fish says:

    Don’t believe the hype

    Any of it

    The facts are that the real economy has actually contracted, not expanded

    https://market-ticker.org/akcs-www?post=233872

    Like

    • big bad mike says:

      If you want to see the Real Economy – get in your car and drive around town and look at all the HELP WANTED Signs and then get on a highway and count the number of Semi’s you see every 10 miles. It’s Fun to do.

      Liked by 12 people

      • Ditch Mitch says:

        I look at the malls. Lots of empty spaces from 2008-2016. Now there are very few empty spaces and yeah lots of help wanted signs. BTW malls have been getting face lifts since mid 2016.

        Oh yeah my latest xcountry trip had unbroken strings of semis the whole route. Even on secondary roads. Charlie brought that up when he reported a month ago the number of new semi orders increased substaintially.

        Liked by 4 people

        • Malls? Honestly you are bringing that up when Amazon has been given an all clear in outselling them and the illegals have been given a free pass to riot there?

          Like

          • Ditch Mitch says:

            Most people I know don’t buy groceries from Amazon. Nor does Amazon cut my hair. I don’t go to Amazon Pizza either. Hey their is an idea for Amizon, they can do 3D printer pizzas and put them in Redbox outlets.

            And I must be driving by these malls at the wrong time as I missed the riots.

            Liked by 1 person

        • WSB says:

          Brick and mortar retail is not a great moniker as the entire sector has been smashed by online sakes and Amazon.

          That will not come back until mall owners realize they need to build residential/retirement units or hotels integrated with the retail complex to create experiential retail with a captive audience.

          I have been nagging a few developers for awhile. Sometimes, hitting your forehead with a brick is more desirable.

          Like

      • Bone Fish says:

        Thank you for responding Big Bad Mike,

        This red neck fully supports EVERYTHING Trump is working on for us however, every last basis point of that 2Q, 4.1% GDP growth report figure, and then some represent an ongoing exponential increase in .gov debt… that is the only reason you see help wanted signs and lots of trucks rolling down the road today.

        Like

      • Sylvia Avery says:

        Very true. And I complain about “that darned President Trump” whenever I dine out. Why? Until a few months ago, I could go to any restaurant and be seated at once. Dining out was a quiet, peaceful experience. Now the parking lots are full, the tables are full, people are laughing and NOISY. I can’t eat in peace. That darned PDJT. Look what he’s done!

        Liked by 2 people

  10. White Apple says:

    I don’t care how good or how bad Varney is supposed to be. However today, Varney needs to pound sand. I used to watch Varney but thankfully outgrown Varney.

    Liked by 4 people

  11. Bruce Gee says:

    I agree the economy has been contracting. But it is due to government debt, and government debt alone. How do you suppose the current administration is going to solve this dilemma, if they are going to at all? I am supposing they plan to grow the private economy to the point where they can balance this pig. As for reducing the deficit, I am guessing that the huge effort to redesign the federal government that Trump has begun is a part of their long term strategy. That is going to take a second term, and years and years of follow up by sympathetic leaders. I’m not holding my breath.

    Liked by 1 person

  12. Alonzo says:

    Even at 170,000 jobs, the numbers are still decent. I actually expect to have a bad month from time to time and this wasn’t what I call a bad month. The trade war is undoubtedly going to churn the numbers one way or another. I just keep remembering that we have a President who is imperfect, and loves America with his entire being. He cares about all of us and will always do what he considers best for the American citizen. He is a leader plain and simple. One must remember that the trade imbalances were decades in the making and could actually be insurmountable in todays times, depending on what happens. We will have to wait and see. Even if we lost the trade war and I don’t believe we will, President Trump is giving it his all and I will still follow his lead.

    Liked by 3 people

  13. Newman says:

    Geez….did Stu wake up on the wrong side of the bed? And who trust these numbers anyway when the government makes a huge 59,000 upwards revision in jobs for the last two employment reports. No hanky panky going on there…especially since the media never reports those numbers.

    Liked by 3 people

  14. GB Bari says:

    I see many Treepers including our Host have recognized Varneys tin ear on the positive results of MAGAnomics. One only has to look back at the numbers and the constant downward revisions made during Obozos Reign of Terror and compare.

    Even Rush Limbaugh got tired of saying “I told you so” when just about every revision of the employment numbers was markedly lower than the original announcement (which was always greeted with much positive commentary from the Sycophant Media).

    Liked by 5 people

    • jahealy says:

      Fox Business talking heads monitor, analyze, and report on Wall Street. It’s their reason for being. Charles Payne can look beyond Wall St. to Main St., but most of them either can’t, or don’t feel it’s part of their job. Varney is a bit of a myopic blockhead when it comes to Wall St. He mostly can’t see anything but market up or market down, seemingly oblivious to the fact there are many of us out here who have no money in stocks.

      Like

  15. Isabeau says:

    If it was easy everybody would be PDT!

    Liked by 1 person

  16. rf121 says:

    I solved the problem and quit watching them. Harry Potter re-runs for the 2,122nd time are a lot more entertaining.

    Liked by 2 people

  17. Tobin’s “Q” Theory of Investment Behavior:

    “Q” represents equilibrium, the ratio of the market value of a firm’s existing shares to the replacement cost of the firm’s physical assets.

    If Q > 1, additional investment makes sense because profits exceed the cost of firm’s assets. If Q < 1, it would be better to sell assets instead of trying to put them to use. In the "ideal" state of equilibrium, Q = 1.

    For the past 30 years, and especially during the Obama years, USA economic policy was all about Q 1. America will become great again when profits exceed the cost of America’s assets, figuratively as well as literally: i.e. when a consistent majority of REGISTERED AMERICAN VOTERS embrace President Trump’s “America First” vision because it benefits them personally.

    Mark this date (08/02/18), when Rasmussen Reports, which correctly predicted Donald Trump would win the 2016 presidential election, found 50% of likely U.S. voters polled approve of the President’s job performance. This is the first sign we have arrived at Q =1, the tipping point.

    Next stop for the Resistance: Oblivion.

    Like

    • Let’s try posting this again:

      Tobin’s “Q” Theory of Investment Behavior:

      “Q” represents equilibrium, the ratio of the market value of a firm’s existing shares to the replacement cost of the firm’s physical assets.

      If Q > 1, additional investment makes sense because profits exceed the cost of firm’s assets. If Q < 1, it would be better to sell assets instead of trying to put them to use. In the "ideal" state of equilibrium, Q = 1.

      For the past 30 years, and especially during the Obama years, USA economic policy was all about Q 1. America will become great again when profits exceed the cost of America’s assets, figuratively as well as literally: i.e. when a consistent majority of REGISTERED AMERICAN VOTERS embrace President Trump’s “America First” vision because it benefits them personally.

      Mark this date (08/02/18), when Rasmussen Reports, which correctly predicted Donald Trump would win the 2016 presidential election, found 50% of likely U.S. voters polled approve of the President’s job performance. This is the first sign we have arrived at Q =1, the tipping point.

      Next stop for the Resistance: Oblivion.

      Like

      • Argh! Program keeps compressing the text. Here’s what’s missing:

        For the past 30 years, and especially during the Obama years, USA economic policy was all about Q 1. America will become great again when profits exceed the cost of America’s assets, figuratively as well as literally: i.e. when a consistent majority of REGISTERED AMERICAN VOTERS embrace President Trump’s “America First” vision because it benefits them personally.

        Like

        • Selling out and gutting American productive capacity, and “progressively” dumbing down America’s youth, to turn us all into impoverished wage-slave “consumers” dependant on government to “spread the wealth around.” The Big Money cabal–Obama’s Shadow Government, Globalist allies, and enemedia–are fighting tooth and nail to keep us there.

          President Trump believes in investing in America’s productivity capacity, putting people back to work, and creating new wealth. Thus, his expansive agenda represents an existential, mortal threat to the Big Money globalist, collectivist plan & narrative.

          Q econ theory=Remote & Boring. Q social phenom=Immediate & Thought-Provoking. Both mutually reinforcing, creating momentum for positive change. For Pres Trump, Q = 1 is not the goal, but rather the tipping point beyond which the Resistance will be forced to answer for its crimes.

          MAGA = Q > 1. America will become great again when profits exceed the cost of America’s assets, figuratively as well as literally: i.e. when a consistent majority of REGISTERED AMERICAN VOTERS embrace President Trump’s “America First” vision because it benefits them personally.

          Liked by 1 person

  18. Fools Gold says:

    Today MSLSD business goons were discussing the up market this morning while running their headline “are stock prices too high”….I swear those folks take too much liberal made LSD

    Liked by 1 person

  19. Brant says:

    My TV isn’t plugged in and no cable/dish, (so no spying on me), so I don’t watch the programs. The few times I’ve seen Varney (way before the campaign), he seemed quite level headed and right thinking. Could others, Cavuto seems one, compare to the RINOs in congress. RINOs would vote yay on everything knowing it didn’t matter a bit, since if would be vetoed. Then wouldn’t vote for it when it could pass or signed. Could same thing be said of “conservative” commentators? All rah rah when it didn’t matter, but change their tune when they realize they won’t be invited to the next cocktail party.

    One person I wonder about if he is still pretty goodly bombastic is that guy who would be on the chicago commodity trade floor I think. Really really seemed to talk a good game. Is he still that way or have the body snatchers gotten him?

    Like

  20. Ellie solo says:

    Don’t disparage STU – have you heard him talk about being a legal immigrant, praising the Trump economy and standing up for the American worker? Virtually all the talking heads are globalists and Euro-trash, who want America to fail. NOT STU! On Fox business, STU and LOU (Dobbs) are my guys.

    Like

    • jahealy says:

      Well, except Stu, as a legally immigrated and oh-so-proper Brit, has a bit of a stick up his posterior when it comes to PDJT’s communication style. He takes every opportunity to make snide remarks about POTUS tweets and the vulgarian manner in which he speaks. It’s annoying. Stu needs to get over it. I’m not sure how he misses the fact that it’s exactly PDJT’s refusal to be an oh-so-proper politician that allows him to be the best America first POTUS ever.

      Like

  21. Daniel Arden says:

    Do you know who Varney is? Or are you just reacting to this interview and his statement about the July jobs report?

    Like

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