Tonight President Donald J. Trump is holds a MAGA/KAG campaign rally at SNHU Arena in Manchester, NH. The President is scheduled to speak at 7:00pm EST with pre-rally speakers and events ongoing.
UPDATE: Rally Video Added
Citing the continued effort of Rashida Tlaib (D-MI) and Ilhan Omar (D-MN) to advocate for the anti-Israel Boycott, Divestment and Sanctions (BDS) movement, the government of Israel notified Representatives Omar and Tlaib Wednesday night they would not be granted entry visas this weekend.
Not long before the news was public, President Donald Trump tweeted his support for the decision by the Israeli government:
Immediately the political media went bananas with proclamations that President Trump was the cause of the denied entry. According to many DC politicians demanding the elimination of the state of Israel does not warrant a denial of entry. The Democrats -and some Republicans- say Israel should respect the voices of American politicians who want to see their nation eliminated. Apparently Israel disagrees with this position.
WASHINGTON – Israel on Thursday barred Reps. Ilhan Omar and Rashida Tlaib from entering the Jewish state, citing their support for a Palestinian-led boycott movement — a decision that unleashed a torrent of condemnation by Democratic congressional lawmakers.
If you needed any empirical evidence to prove the doomsday proclamations by the financial pundits are false claims, just look at the July consumer spending results. July spending more than doubled expectations.
July results were +0.7 percent, against the economic forecast of +.03 percent. Consumer spending makes up over two-thirds of the U.S. GDP and overall economy. Doesn’t exactly sound like Main Street is on the precipice of a recession. Oh my.
Average wage growth remains +3.5% year-over-year. The growth of overall income for American workers exceeds +5.4 percent year-over-year. Unemployment is a low 3.6% and U.S. consumer inflation remains low at 1.4 percent. Meaning: the middle-class has more disposable income to save or SPEND; and that’s what is happening….
This is the fundamental disconnect. These Main Street results, this dynamic, is the space between two economic engines that CTH has been describing for three years. The investment class on Wall Street can go through pain, while the middle-class on Main Street thrive. We are in the space between.
(more…)
Commerce Secretary Wilbur Ross appears (in studio) on CNBC to discuss the current state of the U.S. economy, the ongoing issues with communist China, the ‘next step’ trade tariffs and the situation in Hong Kong.
A “negative yield curve“; a pending “economic recession“. These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today. So let’s take a moment to discuss how stunningly -intentionally- disconnected they are.
Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall Street position, adverse to Main Street USA.
First the “negative yield curve” aspect; where long-term bond rates (returns on investment) are lower than short-term rates (returns). As Reuters proclaims:
“A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling”…
I must admit, I actually started laughing out loud when I first read that proclamation. Allow me to introduce a radical concept in economics: “supply and demand” !
(more…)
Two days ago Judge James Boasberg ruled the DOJ and FBI must turn over the mostly unredacted Comey Memos and fully unredacted Archey Declarations to CNN and the media groups represented within the FOIA lawsuit.
However, in a response to CNN dated yesterday, August 13th, the DOJ stated they intend to utilize the full 60-day appellate window before producing the memos and declarations:
(Source – Exhibit inside motion)
It looks to me like the DOJ/FBI is implying they will produce the material in 60 days, and not sooner. In response to that email today CNN has filed a motion requesting intervention by Judge Boasberg, and demanding immediate production:
(more…)
White House trade and manufacturing policy advisor Peter Navarro appears on Fox News to discuss the status of the U.S-China trade negotiations and the reason for a USTR delay on some product tariffs.
Peter Navarro confirms what we noted from the office of USTR Robert Lighthizer yesterday. On December 15th “the tariffs will go on.” While the statement flies over the head of Stuart Varney, Navarro confirms the “next step” process that Lighthizer implied.
Early on Tuesday United States Trade Representative Robert Lighthizer announced the modification of “next step” tariffs on Chinese products. [See Here] “Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.”
President Trump responded to the delay/modification when questioned in New Jersey. President Trump noted a “very productive” phone call between Lighthizer and Vice-Premier Liu He of China:
[Transcript Segment] – […] Q Why did you make the decision on the tariffs, to delay the implementation of the tariffs?
THE PRESIDENT: Only to help, I think, a lot of different groups of people. And we had a very good talk yesterday with China — a very, very productive call. I think they want to do something. I think they’d like to do something dramatic. I was not sure whether or not they wanted to wait until a Democrat has a chance to get in. Hopefully that’s not going to happen because the economy would go to hell in a handbasket very fast.
Former New York Mayor Rudy Giuliani combines his first-hand-knowledge of the Metropolitian Correctional Center (MCC), along with his perspective of what processes and systems are in place, to give his perspective about the suspicious custodial death of Jeffrey Epstein.
“There is no excuse for this”…
Those who could not see this coming are those who just don’t pay attention to how President Trump operates the geopolitical influence of economics. This is Trumpian.
U.S. President Donald Trump and British Prime Minister Boris Johnson are walking their respective trade teams through a process to deliver a U.S-U.K trade deal on the day after a no-deal Brexit is scheduled to happen October 31st. An interim trade agreement that goes into effect November 1st 2019 is pure Donald Trump win/win deal-making.
President Trump supports the nationalistic position, purposes and intents of Brexit. PM Johnson has promised to deliver Brexit by the mandatory date of October 31st. One of the benefits, and also concerns amid the political left in the U.K, surrounds the economic impacts. President Trump and PM Johnson would counter all those concerns with the announcement of an agreement for an interim bilateral trade deal ahead of Brexit.
This strategic approach, a deal that delivers both the Brexit result and the economic stability to offset any Brexit downside concerns, was the original idea that President Trump proposed to Theresa May two years ago.
LONDON (Reuters) – Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday.
