The Bureau of Labor Statistics has presented the data for second quarter (Q2) year-over-year wage growth.  Average weekly wage growth is 3.7% year-over-year.

[Source, BLS release Q2 – Table 2]

With inflation (CPI) averaging 1.8% over the same period this means wages are strongly outpacing inflation and increasing the disposable income of U.S. workers.  This data-set, combined with positive consumer sentiment on job and economic security, bolsters the recent report showing “unanticipated” strength in retail sales.
The data is a reflection of Main Street strength. The job market is hot; wages are rising (3.7%) much faster than inflation (1.8%); the middle class has more disposable income. Hence, retail sales growth is strong at 3.8 percent.

Senate Majority Leader Mitch McConnell appears on Fox Business News with Maria Bartiromo to discuss President Trump, the Democratic Party’s shift to the left, Rep. Alexandria Ocasio-Cortez’s comments, the budget battle, China trade tensions and issues with Iran.

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Victoria Toensing and Joe diGenova discuss how an FBI spreadsheet was used to validate M16 agent Christopher Steele’s claims about President Trump’s possible collusion with Russia; and the upcoming possibility of Robert Mueller’s coached testimony.

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Chopper pressers are the best pressers.  President Trump delivers remarks to the press pool as he departs the White House for a rally in North Carolina.
[Video below, transcript will follow]

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Excellent interview by Charles Payne as White House Manufacturing Policy Advisor Peter Navarro outlines how the strategic road map of MAGAnomics is converging.  If you want to see the future, listen to how Navarro outlines what’s coming.
The six MAGAnomic components to pay attention to include: ♦changes to the Universal Postal Union (UPU); ♦HUD Opportunity Zones; ♦America First raw material policy for infrastructure; ♦retail sales strength; ♦the current status of the U.S-China negotiations; and ♦the USMCA ratification.

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♦The UPU was one of those archaic policy issues set-up with good intentions, and then maintained by ‘stupid’ politicians well after it should have been renegotiated.  It’s good to hear that mess is coming to an end in October.
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Tonight President Donald J. Trump will be holding a campaign rally at Williams Arena in Greenville, NC.  The president is expected to speak at 7:00pm EDT with pre-rally speakers and events ongoing.
UPDATE: Video Added

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Incredible.  President Trump has once again showed incredible political instincts as he defines his opposition.  Watch this, stay with it, and it all comes together:

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An article from Reuters discussing the position of the International Monetary Fund (IMF) is interesting.   Essentially the IMF is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the EU and to a lesser extent, Japan.  Yes Alice, there are hundreds of billions at stake.
There’s really no reason to doubt the amount estimated, though I think it’s on the short side, but the yearly value seems in line.  I have no doubt President Trump will cost the “Global Economy” $455 billion…. because that money will be transferring back to the America First economy. That’s what happens as MAGAnomics reverses the IMF trade (wealth distribution) model.

The IMF is correct in part (the effect), incorrect in part (the cause), and mostly hypocritical.  The Euro-minded IMF rails against the high value of the U.S. dollar, but simultaneously ignores the motives behind the intentional devaluation of currencies that are pegged against the dollar.

WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, the Japanese yen and China’s yuan were seen as broadly in line with fundamentals.

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With Nancy Pelosi refusing to take up important legislative issues that need to be resolved: raising the debt ceiling, budget appropriations, USMCA ratification, immigration reform etc; and instead focus on a symbolic parliamentary resolution to criticize tweets, Georgia congressman Doug Collins calls-out the insufferable political games being played.

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RNC ad highlights the intense calls to violence from the congressional anarchy caucus.

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