President Trump recaps the latest strong economic numbers and launches the CMS Digital Health Tech Ecosystem during an event at the White House today. WATCH:
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President Trump recaps the latest strong economic numbers and launches the CMS Digital Health Tech Ecosystem during an event at the White House today. WATCH:
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Too funny. The economic pretending is so strong almost every outlet leads the Gross Domestic Product news release by saying “better than expected.” Duh! The Bureau of Economic Analysis (BEA) releases the GDP date for the second quarter (Q2) and shows a 3.0% jump in economic growth.
We say “duh”, because it was an entirely predictable result. Why, because imports are a deduction to the GDP equation and imports dropped 30.3% in the second quarter (Table 1, line 19). We said this was going to happen because there was a surge of imported goods in the first quarter as companies tried to be proactive with orders in advance of tariffs.
That massive influx of imports made the Q1 GDP weak (-0.5%). Conversely, with all those goods delivered in the first quarter, the products were not imported in Q2 and the GDP rebounded. The lack of imports, ultimately the lack of deduction, resulted in a 5.18% positive change to the second quarter GDP (Table 2, line 47).
But wait, the winning doesn’t stop there. Remember, the Big Beautiful Bill just passed in July. That means fixed asset investment is likely to expand in Q3 because 100% expensing on capital investment was part of the BBB.
But wait, there’s more. Annual wages spiked 4.4% — double the rate of inflation (2.1%). That means people are growing their wage incomes twice as fast as prices are rising. Real wage growth is back again! Yes, REAL WAGE GROWTH.
Following the breaking news of the U.S-EU trade deal with Commissioner Ursula von der Leyen, President Trump sits down for an extensive interview with Miranda Devine.
President Trump talks about the trade agreement with the EU in addition to overall perspectives on trade, tariffs and the goals of the America-first economy. Additionally, President Trump talks about immigration challenges, current events and the intelligence documents declassified by Director of National Intelligence Tulsi Gabbard. WATCH:
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President Trump holds a press conference aboard Air Force One en route back to the White House. Currently the press comments are audio only, but will likely have video upon arrival.
President Trump begins his remarks talking about a threat delivered by British Prime Minister Keir Starmer to the state of Israel where the U.K is threatening to recognize a Palestinian state if Israel doesn’t stop the bombing in Gaza and deliver aid to the impacted citizens. LISTEN:
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President Donald Trump and Prime Minister Keir Starmer hold a press availability from President Trump’s Turnberry golf course and estate. Prime Minister Starmer is very focused on support for Palestinians in Gaza as the Israeli-Hamas conflict continues.
Both leaders took media questions on a variety of topics from immigration and Scotland’s independence movement to the conflict between Russia and Ukraine. WATCH:
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Earlier this morning President Donald Trump welcomed British Prime Minister Keir Starmer to Turnberry, Scotland where the two leaders will hold bilateral discussions on trade and foreign affairs.
The video is prompted to 16:20. The bagpipes stop eventually in the video at 19:30. President Trump and Prime Minister Starmer take questions from the assembled press pool. President Trump calls out the British government for rampant illegal immigration, as Starmer tries to say his govt is deporting illegal migrants back to their home country.
Questions centered heavily around the Israeli conflict with Hamas in Gaza. The plight of the Palestinians is a key focus point for the British people; an outcome of the mass Islamic migration that has taken place for the past two-decades in Great Britain. The population of Islamists in the U.K now drives the political priorities.
Toward the end of the video 28:00, President Trump notes the Russia/Ukraine conflict has led to a “disappointment in Vladimir Putin,” and a possibility that President Trump will reduce the 50-day deadline he gave to Russia. WATCH:
The majority of politicians within Great Britain want to expand the conflict with Russia as much as possible and bring the full NATO contingent into the war against Russia. President Trump has been reluctant to support expanded war as requested by the British, French and German group who formed a “coalition of the willing.”
In addition to London being the Jihad capital of the region, Great Britain is also the home of the Fabian Socialists.
While President Trump visits his golf courses in Scotland, he will also be conducting business on behalf of the USA by meeting with trade partners from both Great Britain and Europe.
This morning USA time, President Trump is scheduled to meet with EU Commission President Ursula von der Leyen, at approximately 11:30am ET. Livestream Links Below:
UPDATE: Video Added
President Trump arrives at Prestwick Airport this evening before heading to his Turnberry golf course in South Ayrshire. President Trump is then expected to head to his Menie golf course in Aberdeenshire before opening up a new course dedicated to his Scottish mother, Mary, who grew up on the Isle of Lewis. He will depart on Tuesday.
Arriving at Prestwick Airport, President Trump took questions from the media. WATCH:
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Chopper Pressers are the best pressers. This morning as President Trump departs the White House for a trip to Scotland, the most transparent president in history stops to take questions and deliver remarks to the assembled press pool.
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President Trump states he is anticipating meeting with British Prime Minister Keir Starmer during his visit to Turnberry, Scotland, and takes questions on a variety of subjects including, trade, dollar value, EU trade agreement, Russia/Ukraine, Iran nuclear ambitions, Gaza, Hamas, the Federal Reserve, the economy, President Obama’s immunity status, the ongoing review and investigation by DNI Tulsi Gabbard and more.
Terry Bollea, aka “Hulk Hogan, died this morning of an apparent heart attack. He was 71.
Hulk Hogan was an iconic pro wrestler who brought an entire generation into the sport and became a bigger than life personality in the wrestling, entertainment and acting community. Hogan also delivered a memorable speech in 2024 during the Republican National Convention where he supported President Trump and JD Vance.
President Trump delivered remarks via Truth Social: “We lost a great friend today, the “Hulkster.” Hulk Hogan was MAGA all the way — Strong, tough, smart, but with the biggest heart. He gave an absolutely electric speech at the Republican National Convention, that was one of the highlights of the entire week. He entertained fans from all over the World, and the cultural impact he had was massive. To his wife, Sky, and family, we give our warmest best wishes and love. Hulk Hogan will be greatly missed!”
FLORIDA – Pro wrestling icon Hulk Hogan has died, police and World Wrestling Entertainment said Thursday. He was 71.
First responders were called to the Clearwater Beach, Florida, home of Hogan, whose real name was Terry Bollea, around 9:50 a.m. Thursday, police said.
“The nature of the call was for a cardiac arrest,” the Clearwater Police Department said in a statement. He was taken to Morton Plant Hospital, where he was pronounced dead. (more)