This is funny in so many ways; especially for CTH readers who have a far better-than-ordinary understanding of the big picture Trump goals around China.
(1) CNBC tweeted this story last night (note the date/time). (2) It is written exclusively from the perspective of the Goldman Sachs analysts who represent the U.S. multinational position. (3) However, the article was actually written on May 12, 13, 2019.

What is funny about CNBC pushing this story, NOW, is how the claims within the CNBC story can be fact checked; and their predictions are, well, absurd (especially in hindsight).   Keep in mind this was written in May, and tweeted last night for some reason:

(Via CNBC) “Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.

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From the first moment when he announced his intent to run for President of the United States in 2015, Donald Trump was very clear on one specific aspect to his view of why people would vote for him.  As a candidate, he repeated it often:

So the reporter said to me the other day, “But, Mr. Trump, you’re not a nice person. How can you get people to vote for you?”
I said, “I don’t know.” I said, “I think that number one, I am a nice person. I give a lot of money away to charities and other things. I think I’m actually a very nice person.”
But, I said, “This is going to be an election that’s based on competence, because people are tired of these nice people. And they’re tired of being ripped off by everybody in the world.”

President Donald J Trump continues to highlight that message today:

It’s funny, from time-to-time people ask “how is CTH consistently able to predict what Donald Trump will do about a complex issue”?  In reality the answer is simple, go back and re-read his hour long campaign kick-off speech. [See Here]
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The recession-hoping pundits took more blows to their remaining credibility today when both the Commerce Department and the Bureau of Labor Statistics (BLS) deliver excellent economic results from August that continue to exceed MSM expectations.
The Commerce Dept. announced that retail sales climbed by 0.4 percent in August, twice as high as the 0.2 percent analysts had predicted. The result highlights retail sales strength of more than 4 percent year-over-year.   These excellent results come on the heels of blowout data in July, when households boosted purchases of cars and clothing.

The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July, when Amazon held its two-day, blowout Prime Day sale. (link)

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The ABC debate with Democrat candidates is tonight from 8:00pm to 11:00pm EDT on ABC and Univision.
The moderators are ABC​ News’​ George Stephanopoulos, David Muir, Linsey Davis and Univision’s Jorge Ramos.
[Live-stream Link Here]
The debate is taking place at Texas Southern University, and the ten participating candidates are: ♦Former VP Joe Biden; ♦Senator Elizabeth Warren of Massachusetts; ♦Senator Cory Booker of New Jersey; ♦South Bend, Indiana Mayor Pete Buttigieg; ♦former Housing Secretary Julian Castro; ♦Senator Kamala Harris of California; ♦Senator Amy Klobuchar of Minnesota; ♦former Reresentative Robert “Beto” O’Rourke of Texas; ♦Senator Bernie Sanders of Vermont; and ♦entrepreneur Andrew Yang.
For those watching the debate, consider this an open discussion thread.
 

Tonight President Trump will be delivering remarks at the 2019 House Republican Conference Member Retreat Dinner from Baltimore, Maryland.  The anticipated start time is 7:15pm EDT.
WH Livestream Link – RSBN Livestream Link – Fox News Livestream Link

The European Central Bank (ECB) announced Thursday an indefinite supply of fresh asset purchases and deeper cuts to interest rates, into negative territory, as it tries to prop up the ailing euro zone economy.  These are EU financial counter-measures to the geopolitical trade realignment triggered by U.S. President Trump.
The EU is driving down the value of their currency in an effort to help prop-up the French and German economies that are dependent on exports.  In essence, the financial and economic positions of the EU and China are connected.  The more pressure the U.S. (Trump administration) puts on China, the less China can purchase from the EU.
With that as the backdrop, Treasury Secretary Steven Mnuchin holds an impromptu press conference outside the White House on China trade, Huawei and the bond market.

A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class.
First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China would create massive inflation…. It Ain’t Happening!  Overall year-over-year inflation is hovering around 1.7 percent [Table-A BLS]; that’s a low inflation rate.  Rate has firmed up now with less month-over-month fluctuation, and the rate remains consistent.   [See Below]

A couple of important points.  First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative.  Lower energy prices help the worker economy, middle class and average American more than any other sector… Except ‘food at home’.
Which brings us to the second important point.  Notice how food prices have very low year-over-year inflation, 0.5 percent.  That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
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The media were prepared to use the term “bellwether” for the next several weeks, all they needed was for democrats to win two special election House seats in North Carolina.  Unfortunately for the narrative engineers, following campaign stops by President Donald Trump, republicans Dan Bishop (NC-09) and Greg Murphy (NC-03) won both districts.

(NC State Election Results)

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Tonight President Donald J. Trump is holding a MAGA-KAG campaign rally at Crown Expo Center in Fayetteville, NC. President Trump is expected to speak at 7:00pm EDT.
UPDATE: Video Added

The Democrats return from summer vacation intending to pick right-back-up where they failed in the spring… Yup, back to the ridiculous Muh Russia Collusion Conspiracy as advanced by the insufferable head weasel of the HPSCI, Chairman Adam Schiff.
Chairman Schiff sends a copy of a letter (full pdf below) to his collaborative narrative engineers in the media.  The letter outlines committee efforts to force testimony from  Michael Flynn, and the response from Flynn’s attorney Sidney Powell dismissing the political grandstanding of Schiff and his ‘beat-a-dead-horse‘ Russian constituents.

According to the letter sanctimonious Schiff says Flynn’s new counsel, Sidney Powell, “exhibits a troubling degree of unprofessionalism” in conversations with committee staffers and Mr. Schiff’s legal aides borrowed from the Lawfare community of resistance operatives.  Good for her.
Last week, Sidney Powell filed a brief with judge Emmet Sullivan outlining serious allegations of prosecutorial misconduct in the Flynn case.  A hearing in Judge Sullivan’s court is scheduled for tomorrow, September 10th.
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