National Economic Council Chairman Larry Kudlow appears on Fox News Sunday to discuss economic policy, budgets and taxes. Since the discussion is the economy, Wallace quickly puts on his doomsday hat.
National Economic Council Director Larry Kudlow discusses the February jobs report, wage gains, stimulus from the European Central Bank, and President Trump’s ongoing trade confrontation with China. [Solid Interview]
Chairman Kudlow notes some interesting dynamics at play including the recent National Household employment survey which showed 225k additional workers resulting in a drop in the overall unemployment statistics to 3.8%
President Donald Trump and First Lady Melania Trump welcome Czech Prime Minister Andrej Babis and Madame Monika Babisova to the White House in advance of a bilateral meeting between the two leaders. [Video and Transcript]
White House trade adviser Peter Navarro has been a core member of the U.S. trade team providing a brutally honest perspective toward how specific trade engagements can directly benefit the U.S. economy and U.S. worker.
Navarro has gained a reputation as a trade hawk, specifically as it relates to confronting the one-sided trade schemes of China. However, that encapsulation doesn’t accurately reflect Mr. Navarro’s value.
The Big Club hates him. Yes, Navarro is hated and opposed by all the right people. He might be rough around the edges, but he fights… for ‘America First‘.
Navarro is unapologetic in openly calling attention to the process where Wall Street, the multinationals (corporations and banks) have gained power and influence over politicians in Washington DC. Wall Street funnels hundreds-of-millions to Tom Dohohue, President of the U.S. Chamber of Commerce. Donohue controls an army of K-Street lobbyists who purchase politicians and sell their CoC created legislation.
Specifically because he calls attention to the brutal truth of a corrupt process, he has become the target of attacks from Wall Street’s beneficiaries, the big club and Decepticon senators who take massive campaign bribes from Tom Donohue.
In a recent Op-ed, Peter Navarro highlights how the Trump economic team is delivering on a promise for structural global trade reform that directly benefits the U.S. economy, U.S. workers, and Main Street USA.
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White House Council of Economic Advisers Chair Kevin Hassett discusses the U.S. economy’s 2.6 percent growth in the fourth quarter, and the outlook for the U.S. economy through the rest of 2019.
Earlier this afternoon President Donald Trump met with Austria’s Chancellor Sebastian Kurz [Video and Transcript below] Additionally, the president answered questions from the White House media on current events and issues including the section 232 auto-tariffs, the upcoming visit to the DPRK, AG Bill Barr and Andrew McCabe.
Commerce Secretary Wilbur Ross has completed the section 232 investigation on the auto industry, reviewing the sector as a vital economic interest for continued national security.
The content of the investigative finding is unknown. The Commerce Department has privately delivered the 232 report directly to the White House. However, with the possibility of the report empowering President Trump to implement 20 to 25% import auto tariffs industry executives are proactively going bananas.
An important aspect here is that the USMCA (U.S., Mexico and Canada) agreement exempts the trilateral North American pact from any auto tariff fear. If the vehicle consists of 75% North American (USMCA) content, there’s no tariff.
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The Bureau of Labor Statistics released the latest consumer price information today which shows overall low inflation at 1.6 percent (with energy price deflation, and flat food prices).
Excluding food and energy costs the total CPI remains low at 2.2%. This low inflation is the exact opposite of what financial media were predicting when President Trump began the series of import tariffs in 2017, which continued throughout last year.
When President Trump began the tariffs against global Steel and Aluminum imports; and when President Trump began the first set of tariffs against Chinese imports; almost all financial media went into fits of apoplexy claiming we would see massive increases in prices. Reality shows their doomsday predictions were completely over-hyped.
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Secretary of State Mike Pompeo is traveling through central Europe as part of the ongoing Trump administration outreach to genuine U.S. geopolitical allies who are often diminished by the larger economies within the EU. [Follow the Photo-Journal Here]
While in Budapest, Hungary, Secretary Pompeo participates in a joint press availability with Hungarian Foreign Minister Peter Szijjarto. The political and national values carried by the U.S., via President Trump, and Hungary, via PM Orban are in alignment.
The Chairman of the White House CEA Kevin Hassett appears on CNBC to discuss the strong January jobs report and economic indicators that were released last week.
Hassett is valuable, very valuable, because he is one of the few bean-counters who reviews current analysis through the prism of what is factually happening around him; as opposed to economic theory. Because he accepts what I call ‘fluid-currentism‘ Hassett is one of the few analysts who (early on) started recognizing that under MAGAnomics (Main Street centric policy) inflation was no longer connected to the FED engagement.
To say acceptance of this ‘new dimension‘ puts Hassett on the cusp of leading economic review would be an understatement. Additionally, it makes his commentary exceptionally more valuable [listen to the segment at 02:50]. Hassett is pragmatic, positive, open to accepting all fact-based evidence, on point, and more importantly, accurate.
…”The booming economy is giving us the social justice that people want”… ~ Kevin Hassett
Unfortunately, most financial pundits are prone to talking down the strength of the U.S. economy. It’s maddening. They spend all day mining for coal nuggets while currently surrounded by diamonds.
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