Former White House chief strategist Steve Bannon appears on Fox News with Maria Bartiromo for a wide-ranging discussion on current political and geopolitical events.
Topics include the U.S-Mexico border security and immigration; the 2020 democrat candidates (announced and unannounced); the bigger geopolitical issues behind the U.S-China trade conflict; Joe and Hunter Biden’s direct financial relationship to the Chinese communist government; the USMCA trade agreement; Trump’s leverage to increase an EU free economic alliance against China; and radical action by dems.

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In a remarkable admission today on Twitter AFL-CIO Labor Union President Richard Trumka supports the principle of illegal alien workers taking the jobs of American workers.  This is quite a bucket of sunlight upon a previously hidden agenda.

It is quite remarkable to see a large U.S. labor union now standing in support of illegal workers in the U.S.  There was a time, throughout the history of labor unions, when some of the strongest immigration voices were against American worker displacement.  Apparently that time is passed.
The United Food and Commercial Workers (UFCW) union was recently impacted by a federal immigration authority raid in Mississippi; which resulted in almost 700 illegal alien workers being identified and removed. In addition to the unlawful border entry, most of the illegal workers used fake documents, fake identifications and stolen social security numbers to falsify employment eligibility.
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The progressive elements around Alexandria Ocasio-Cortz are framing the removal of the Justice Democrat leader, Saikat Chakrabarti, as a move to continue the movement beyond the landscape of AOC.  However, in reality it looks like Nancy Pelosi is cracking the whip.
The ultra left-wing “Justice Democrat” movement activated to bring AOC onto the national stage.  However, that same movement, led by Saikat Chakrabarti, was openly stating an objective to target incumbent democrats who were not falling into line behind the most severe messaging of the far-left.
Apparently Pelosi said: enough is enough.

WASHINGTON — Two top aides to Rep. Alexandria Ocasio-Cortez, D-N.Y., are leaving her congressional office, the freshman lawmaker said in a statement Friday.

Ocasio-Cortez’s chief of staff, Saikat Chakrabarti, and Corbin Trent, her communications director, are departing, her statement said. Trent is joining the congresswoman’s campaign and Chakrabarti plans to join New Consensus, a non-profit that is promoting Ocasio-Cortez’s Green New Deal proposal. (more)

Part of the Jusice Democrat moonbat messaging revolves around convincing the world about the Green New Deal; a program founded upon accepting the end of human life on the planet in twelve years, unless the U.S. abandons fossil fuel energy.  Apparently what happens in China and India doesn’t matter as much. Bad, bad ‘merica & America sucks.
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An excellent discussion between White House Trade Advisor Peter Navarro and Fox Business host Maria Bartiromo about the current state of President Trump’s Main Street policy and economy.  The second half of the interview is the best part. Navarro outlines the background of the second quarter GDP result, and he hits the nail on the head. Hi Pete.
As CTH previously highlighted, the two primary drags on the Q2 release are also the most volatile: Export/Import contributions (-.65%), and Inventory contributions (-.86%) [table 2]. However, consumer spending was much stronger than anticipated (+4.3%) showing the internal strength of the U.S. labor market and the impact of wage growth which now exceeds 5.5 percent.  The rebound in Q3 is going to be very, very good.

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Note to Mr. Navarro: Enjoy the winning. Relax, you’re solid. Despite the financial punditry class consistently trying to downbeat the good news; you don’t have to carry the burden of adversarialism. You’re a good warrior; we know.  You don’t have to prove your salt. The American people can see the results, and the entire MAGAnomic team, including you, have our full support. Have some fun.
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Earlier today President Trump sent a warning tweet about Apple possibly incurring tariffs on their products if they continue a plan for manufacturing in China.  Later in the day the president answered direct questions about those possible tariffs.
Additionally, Secretary Wilbur Ross was very insightful when he also spoke of the current U.S. perspective toward the U.S-China trade negotiation.  If you have followed the basic road-map of America-First, there’s a very clear picture; however, most pundits and trade analysts will likely ignore the message.

Subtle as a brick through a window…. yet it’s amazing how many people can’t see it.
Secretary Ross warned the professional investment class that the current objective for Secretary Mnuchin and USTR Lighthizer is to find out if Beijing is willing to re-engage from the starting point where they left-off when talks collapsed.  That’s a big tell.
After several phone calls and staff contacts if the U.S. team doesn’t know the answer to that question, well, there’s almost zero likelihood of any optimistic outlook.  In essence, the only value within the current engagement is financial ‘optics’ to stabilize markets.
It has been clear -validated by the G20 outcome- that President Trump is not going to accept anything less than a full and complete structural change in the U.S. trade position with China.  Lighthizer’s severe compliance and enforcement clauses, specific to each unique trade sector, are non-negotiable.
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President Trump ‘unexpectedly‘ negotiated a major asylum deal with the government of Guatemala.  In a surprise announcement on Friday President Trump invited the press into the oval office where Guatemalan Interior Minister Enrique Degenhart and acting Department of Homeland Security Secretary Kevin McAleenan were gathered in advance.

It’s important to remember that President Trump spoke about this on Wednesday during an impromptu presser.  In essence President Trump delivered an offer/threat at the end of several months of negotiations.  REMINDER:

Q What are you going to do about Guatemala? Guatemala. What are you going to do about Guatemala?
THE PRESIDENT: So, Guatemala gave us their word. We were going to sign a safe third agreement and then, all of a sudden, they backed up. They said it was their supreme court. I don’t believe that. But they use their supreme court as the reason they didn’t want to do it.
So we’ll either do tariffs or we’ll do something. We’re looking at something very severe with respect to Guatemala. I’ve already cut all payments; I did that a year ago. I cut all payments going to Honduras, El Salvador, and Guatemala. We used to send them $500 million for nothing. For nothing. They didn’t do anything except set up caravans.
So, Guatemala we’re going to take care of and it won’t even be tough. We’re going to do — we’re looking at a couple of different things. ~ Wednesday July 24th, 2019.

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Commerce Secretary Wilbur Ross appears with Charles Payne to discuss the latest economic data and the Q2 GDP release.  Within the interview Secretary Ross explains the information behind the data; the status of the USMCA and Pelosi’s motives to delay ratification; the baseline for the U.S-China trade discussions, and the position of the administration to advance the economic interests of the U.S. above all others.

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The Bureau of Economic Analysis (BEA) has released the data for the second quarter of 2019.  The Q2 GDP growth rate of 2.1 percent beat all economic expectations, and highlights strong consumer spending throughout the U.S. economy.

The two primary drags on the Q2 release are also the most volatile: Export/Import contributions (-.65%), and Inventory contributions (-.86%) [table 2]. However, consumer spending was much stronger than anticipated (+4.3%) showing the internal strength of the U.S. labor market and the impact of wage growth which still exceeds 3.6 percent.
The inflation index is still low at 1.5 percent year-over-year, and highlights a point all economic pundits overlook.  With countries attempting to stop the impact of tariffs on their exports they are devaluing their currency (EU and China) and subsidizing their export industries (China).  This has the cumulative effect of lowering their price. As a consequence, and with a strong dollar, the U.S. is importing deflation.
The Fed can do nothing of substance to impact low price inflation because the causes are external to the U.S. economy.  CTH predicted this in 2016, and we stand by that assertion today because we now have almost three years of empirical data to prove it.
Wall Street wants bad news because Wall Street wants a lower fed rate.  As a direct consequence Wall Street’s multinational corporate media bias over the GDP data release is hilarious. The headline from NBC is typical: “Economic Growth Slows Less Than Expected in Second Quarter”….    Sometimes you just have to laugh.
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Judiciary Committee Ranking Member Doug Collins and Intel Committee Ranking Member Devin Nunes appear on Fox News to discuss their perspective on Robert Mueller, the issues revealed by the testimony, and the behind-the-schemes maneuvers of the democrats on both committees.  It’s an interesting dual-interview.

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Representative Michael Turner, R-Ohio, questions former special counsel Robert Mueller about the location of the “DOJ Office of Exoneration”.  Apparently, it is two doors away from the DOJ Office of Figment, and across the hall from the Department of Wishes.
It’s almost like watching elder abuse; Mueller haz confused.

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