White House Manufacturing Policy Advisor, Peter Navarro, appears on Fox Business with Charles Payne to discuss the ramification of China ‘phase-one’ and the USMCA for the middle-class blue-collar economy. Excellent interview, WATCH:
Excellent sales report from the Dept. of Commerce reflects a 5.8 percent increase year-over year for December 2019. U.S. consumer sales drive two-thirds of GDP; the December result is another indicator the GDP growth in the fourth quarter will likely be much higher than expected.
(Via CNBC) […] The Commerce Department said on Thursday retail sales increased 0.3% last month. Data for November was revised up to show retail sales gaining 0.3% instead of rising 0.2% as previously reported. Economists polled by Reuters had forecast retail sales would gain 0.3% in December. Compared to December last year, retail sales accelerated 5.8%.
It is weird to see how CNBC takes the good news, cites the factual impact of retail sales on GDP, and then proclaims the economy is likely faltering. What the heck?
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In advance of the Senate beginning the impeachment trial of President Trump, the upper chamber ratified the USMCA trade agreement with an 89-10 vote. The agreement now moves to the White House where President Trump will sign it.
The final ratification is the result of two-years worth of renegotiated trade reform, and the outcome gained bipartisan support in both the House and Senate. The only republican senator who voted against the deal was Pat Toomey of Pennsylvania who is concerned the USMCA will weaken the position of Wall Street multinationals.
Nine democrat senators did not support the agreement because there wasn’t enough verbiage to support their climate change priorities, and the USMCA does not align with the Paris Climate Accord. [Vote Tally Here]
USMCA gives American producers better access to Canadian dairy markets, and creates a cornerstone for a revitalized U.S. manufacturing base. The deal has much more strict rules of origination for the auto-sector with 75% of parts and materials must be made in north America. Combined with the requirement that 40% of those industrial parts must come from plants where workers make a minimum of $16/hr, the U.S. auto-industry will gain significant benefits.
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Today begins the official Senate trial of President Donald John Trump. Chief Justice John Roberts will be swearing-in all senators to begin the impeachment trial at 2:00pm ET.
First there will be a call of the roll to ensure all senators present; then the arrival of Chief Justice Roberts; then the oath of duty administered by Senator Grassley to the ¹Chief Justice of the United States, John Roberts; then Justice Roberts will swear-in all standing Senators to their oath of duty for trial.
Following the affirmation of oath, all senators will affix their signature or mark to the Senate “oath book” documenting their declaration and affirmation. Video Added:
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President Trump Twitter @POTUS / Vice President Pence Twitter @VP
Stephanie Grisham Twitter @StephGrisham45
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
Sickening. Earlier today Speaker Nancy Pelosi held a media event signing ceremony complete with commemorative pens for dozens of her Democrat colleagues, and initiated the parade ceremony for the march across the Capitol with the articles. Upon arrival at the upper chamber of congress, Senate Leader Mitch McConnell accepted delivery and began the process of organizing the procedure through a series of rules by unanimous consent.
[McConnell] “A few minutes ago, the Senate was notified the House of Representatives is finally ready to proceed with their articles of impeachment. So, by unanimous consent, we’ve just laid some of the groundwork that will structure the next several days.”
- We have officially invited the House managers to come to the Senate tomorrow at noon to exhibit their articles of impeachment.
- Then, later tomorrow afternoon at 2:00pm, the Chief Justice of the United States will arrive here in the Senate. He will be sworn in by the President Pro Tem, Senator Grassley.
- Then the Chief Justice will swear in all of us senators. We will pledge to rise above petty factionalism and do justice for our institutions, for our states, and for the nation.
- And then we will formally notify the White House of our pending trial and summon the President to answer the articles and send his counsel.
‘So the trial will commence in earnest on Tuesday.
Treasury Secretary Steven Mnuchin appeared on Fox News with Brett Baier for a more detailed discussion of the U.S-China ‘phase-one’ trade agreement. Additionally, Secretary Mnuchin discussed the status of sanctions with Iran and his view on impeachment.
After the signing ceremony to celebrate a historic U.S-China ‘phase-one’ trade agreement, President Trump and the U.S. trade delegation hosted Vice-Premier Liu He and the Chinese delegation for a luncheon. [Video and Transcript Below]
I just want to say this is a great day for both China and the United States. This is an agreement that people have been talking about for 40 years and never were able to get even a piece of paper signed. And we never had an agreement. And this is going to be a great agreement for both countries. It’s far greater than $200 billion, and it’ll grow every year. It also unifies the countries.
White House National Economic Council Director Larry Kudlow appears on FOX Business for his first interview since the signing of the U.S.-China trade deal. Mr. Kudlow is optimistic but also shares notes of caution for the compliance and enforcement aspects.