Council of Economic Advisers Chairman Kevin Hassett appears with Lou Dobbs to discuss the strength of the U.S. economy, the partial government shutdown and the Trump administration’s trade talks with China.
Mr. Hassett, a happy warrior, walks through the recent economic data and jobs report.

(more…)

Commerce Secretary Wilbur Ross discusses the ongoing U.S. -vs- China trade confrontation and the current status of China’s economic contraction.
Secretary Ross outlines that China has now internally admitted their reliance on access to the U.S. market; and Team Trump’s continued willingness to deliver death by 1,000 cuts to Beijing if needed.
Secretary Wilburine is one of the top targets for Wall Street, GOPe, Democrats and the collective group of beneficiaries from the U.S. Chamber of Commerce. He is effective; he is unrelenting; they want/need him to be removed.   The inability to influence the White House economic policy team is the biggest threat to the corporate lobbying community.

(more…)

The official, albeit preliminary, U.S.T.R. delegation from the United States is on the ground in China to begin initial discussions of “technical details” surrounding the ongoing trade dispute.  The preliminary talks are today (Jan 7th) through Wed (Jan 9th).

The prior notice from USTR announced the delegation: •Ambassador Jeffrey Gerrish, Deputy U.S. Trade Representative (pictured above – center); •Ambassador Gregg Doud, USTR Chief Agricultural Negotiator; •Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney, U.S. Department of Agriculture; •Under Secretary of Commerce for International Trade Gilbert B. Kaplan, U.S. Department of Commerce; •Assistant Secretary for Fossil Energy Steven Winberg, U.S. Department of Energy; and •Under Secretary for International Affairs David Malpass, U.S. Department of the Treasury.

The delegation will be accompanied by senior officials from the White House, USTR, and the U.S. departments of Agriculture, Commerce, Energy, State, and Treasury. (link)

Tu Xinquan, director of the China Institute for World Trade Organization Studies at the University of International Business and Economics in Beijing is quoted as saying Beijing’s first phase will be focused on technical details before more important voices “make hard political decisions.”
(more…)

Some of the highlights from today’s protests in France are quite remarkable.  Additionally, it seems indicative of an inflection point for Reuters to point out that Macron’s current approach toward the Yellow Vests is only making things worse….  Strange times.

PARIS (Reuters) – Emmanuel Macron intended to start the new year on the offensive against the ‘yellow vest’ protesters. Instead, the French president is reeling from more violent street demonstrations.
What began as a grassroots rebellion against diesel taxes and the high cost of living has morphed into something more perilous for Macron – an assault on his presidency and French institutions.

(more…)

Last Wednesday night the arrest of a key political organizer of the Yellow Vest protests, a 33-year-old truck driver named Eric Drouet, spurred the movement to claim French President Macron was now arresting his political opponents. The arrest of Drouet has led to an increase in retaliation by the group against the French government. [Video from today]

.
Yellow Vest demonstrators are now allied with various groups from across the political spectrum; most peaceful, but some, notsomuch.  This led to French government ministry official Benjamin Griveaux warning Emmanuel Macron yesterday that a “full blown revolution” was possible.
The evidence to support Minister Briveaux’s dire warning did not take long to surface as a team of masked intruders used a forklift and broke into the French ministry causing police and special forces to evacuate him to safety.
(more…)

National Economic Council (NEC) Director Larry Kudlow appears on Fox Business News to discuss the incredible December jobs report, the U.S. economic outlook, current Federal Reserve policy, and the state of China’s economy.
Chairman Larry Kudlow notes the disconnect between Wall Street and Main Street by outlining the success within the MAGAnomic economy. Job gains, real wage growth and low inflation equals more disposable income for a secure economic workforce.
Increases in productivity combined with investment growth and strong consumer confidence is a direct result of a healthy middle-class economy. Under these economic growth conditions blue and white collar Main Street fuels itself.

.
Kudlow also expanded on the China issues, and the upcoming meeting next week with U.S. and Chinese trade delegations.  He also appeared on CNBC (below):
(more…)

President Trump speaks to the press following his second meeting with congressional leaders at the White House. Joining him at the Rose Garden press conference was Vice President Mike Pence, Department of Homeland Security Secretary Kirstjen Nielsen and House Republican leaders Kevin McCarthy and Steve Scalise.
During an extensive briefing with media President Trump said negotiations continue and he will meeting with resistance lawmakers, again over the weekend.

(more…)

White House Press Secretary Sarah Sanders delivers brief remarks to the press pool discussing the government shutdown. Mrs Sanders notes Democrat leadership Nancy Pelosi, Chuck Schumer, Dick Durbin and Steny Hoyer are playing political games with national security.  The border security impasse between Republicans and Democrats continues with a partial government shutdown.

(more…)

Jumpin’ Ju-Ju Bones…. The Bureau of Labor Statistics (BLS) releases the December 2018 jobs report and the numbers are “eye-popping.”  ♦In the month of December 312,000 new jobs were added.  ♦Real wage growth now 3.2%.  ♦Prior October and November jobs reports were adjusted upward by 58,000 jobs.   Main Street USA is roaring!!

Here’s the data:  Total nonfarm payroll employment increased by 312,000 in December. The unemployment rate rose to 3.9 percent (more static workers entering workforce).
Employment in health care rose by 50,000 in December. Within the industry, job gains occurred in ambulatory health care services (+38,000) and hospitals (+7,000). Health care added 346,000 jobs in 2018, more than the gain of 284,000 jobs in 2017.
In December, employment in food services and drinking places increased by 41,000. Over the year, the industry added 235,000 jobs, similar to the increase in 2017 (+261,000).
Construction employment rose by 38,000 in December, with job gains in heavy and civil engineering construction (+16,000) and nonresidential specialty trade construction (+16,000). The construction industry added 280,000 jobs in 2018, compared with an
increase of 250,000 in 2017.
(more…)

In the realm of everything geopolitical in consequence, a recent article from an interview with Brazilian President Jair Bolsonaro highlights the globalists’ worst nightmare. And the comments from the WTO reflects the global influence of President Donald J Trump.

Before getting to two key points, rather stunningly delicious points, it’s worth remembering that Brazil is the “B” in the ‘BRICS alliance’.  Before U.S. President Donald Trump took center stage in the world of international influence, the former governments of Brazil, Russia, India, China and South Africa (BRICS) had formed a coalition.  Each nation represented an enlarged -and growing- regional trade/economic influence.
Shortly after taking office; and with hindsight – prior to the China confrontation; President Trump began a systematic process of challenging various economic influencers.  This is the origin of the Trump Doctrine .
By expanding U.S. energy development, strategically engaging with OPEC (Gulf Cooperation Council) States, and simultaneously engaging with Baltic States at the Three Seas Summit in Warsaw Poland, President Trump established the groundwork for downward pressure on oil prices.  This comprehensive and geopolitical energy strategy diminished the ability of Russia to maintain a consistent external financial influence.
(more…)