President Trump’s Tax Reform Imminent, as Senate Passes Budget $DIA, $SPY, $QQQ Late Thursday, Senate Republicans pushed a $4-T budget through in a major step forward for President Trump’s promise of massive tax cuts and reform. The 51-49 vote set the stage for debate later this year to dramatically overhaul the US tax code for […]
Mainstream Media’s Coverage of Economic Good News, Where is It? $CBS, $CMCSA, $FOX GDP is +3% US stock market is at record highs Unemployment is at 4.4% The Big Q: Why aren’t people celebrating? The Big A: They would if they knew about it. Fact: the mainstream media barely acknowledges these impressive economic gains. It […]
US Job Openings (JOLTS)Hit Record High, Qualified Workers Scarce $DIA, $SPY, $QQQ, $VXX The Trump Rally extends, US stocks mark record high, again, led by financials, Apple sags. US job openings aka JOLTS, rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market […]
America’s Manufacturers Are Thriving Under President Trump $DIA, $SPY, $QQQ, $VXX America’s manufacturers are showing signs of fabricating some genuine momentum. The NAS Comp (QQQ) moved back into record territory, climbing 2.7% to close the week at a new all-time high Add to that, improvement among US builders and miners and the US is finally […]
Job Creation Coming from President Trump’s Tax Reform President Donald Trump kicked off his lobbying effort for a tax overhaul at an event with a Midwestern manufacturing backdrop and some economic tough talk in the “Show Me State” In Springfield, Missouri, Wednesday, President Trump said that the White House said will focus on his “Vision” […]
Medical Marijuana Update NIH awards a grant to study marijuana and opioid addiction, the head of the NBA hints at a more relaxed approach to pot, Utah activists are ready to begin signature-gathering for a medical marijuana initiative, and more. NationalLast Wednesday, the NIH awarded a grant to study marijuana and opioid addiction. The National […]
President Trump Set Out His Agenda in ‘No Uncertain Terms’ US Vice President Mike Pence introduced President Trump Tuesday night in Phoenix. Housing and Urban Development Secretary Ben Carson and Dr. Alveda King, niece of slain civil rights leader Martin Luther King Jr. spoke The Rev. Franklin Graham offered the invocation. Tuesday night in Phoenix […]
TRUMP – PENCE UPDATE: WEEK 30 CONDEMNING HATE President Trump’s heart goes out to all those affected by the events in Charlottesville last weekend. The President condemns in the strongest possible terms this egregious display of hatred, bigotry and violence. It has no place in America. No matter the color of our skin, […]
US President Donald Trump’s Accomplishments in the Oval Officets In mid-May, I wrote an article entitled The Juggernaut & the Jerks, which spelled out the stupendous accomplishments of President Donald Trump in his first three months in office. The response was tremendous, many people thanking me for bringing to their attention hundreds of the president’s […]
JOLTS: US Jobs Openings Mark Record High at 6.2-M US job openings jumped to a record high in June, outpacing hiring, the latest signalling that companies are having trouble finding qualified workers. JOLTS, the monthly Job Openings and Labor Turnover Survey released by the US Labor Department Tuesday also underscored labor market strength may encourage […]
THE AMERICAN ECONOMY IS BACK ON TRACK The Dow Jones Industrial Average (DJIA) reached an all-time high of over 22,000, up over 4,000 points since the November 2016 Presidential election. Under The Trump Administration, consumer confidence is soaring. Strong job growth and GDP growth have caused the unemployment rate to dwindle to 4.3%, its lowest […]
July New York Manufacturing Activity Off Sharply $DIA, $SPY, $QQQ, $VXX Manufacturing in New York State grew for a 2nd month in July but at a slower pace, as new orders and shipments both dipped. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped to 9.8 from 19.8 […]
US Stock Market Ignores Left Media’s “Hoax” Story $DIA, $SPY, $QQQ Saturday, US President Donald Trump announced via Twitter that the stock market is at an all time high “despite the Russian hoax story” and that job numbers are looking good. His comment came after a Dow Jones story Saturday that noted Wall Street analysts’ […]
Opioid Drug Epidemic Takes Toll on America’s Economy $GS In a note to clients last Wednesday, Goldman Sachs Group Inc. economists say America’s opioid epidemic is sidelining people in their prime working years and contributing to the low rate of men and women who are either employed or looking for jobs. “Use of both legal […]
US Adds 222,000 Jobs, Unemployment Up, Wages Flat $DIA, $SPY, $QQQ, $VXX US job growth rose more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Fed on a path for a 3rd interest rate hike this year despite lagging gains in pay. NFPs (Non-farm […]
President Trump, “Buy American and Hire American” On the campaign trial Donald Trump promised to “set the stage for a great revival” for American factories – to “Buy American and Hire American.” In the 1st 5 months of last year under then President Obama, American manufacturers lost 24,000 jobs. Now n the 1st 5 months […]
President Donald Trump Is Boosting US Economy President Donald Trump’s 1st pick for US Secretary of Labor, Anthony Puzder, said The Trump Administration is having many positive effects on the nation’s economy. The most important indicator is the rise in household income, which gained more in the 1st Q of The Trump Presidency than during […]
US JOLTS Numbers Signal Skills Mismatch in Jobs Market Tuesday, the US Labor Department’s monthly Job Openings and Labor Turnover Survey, aka JOLTS, suggests that the recent moderation in job growth could be the result of a skills mismatch rather than easing demand for labor. JOLTS is 1 of the metrics on Fed Chairwoman Janet […]
The US Jobs Market is Not Rosy as the Headlines Declare $DIA, $SPY, $QQQ, $VXX The Question over the strength of today’s job market is Key to understanding the durability of the US economy and the markets looking ahead. The Team at Morningside Hill weighed on the US Jobs numbers today giving us a good […]
The US Entitlement State is Not Sustainable $AAPL, $AMZN, $FB, $GOOG The US government’s entitlement programs: Social Security and Medicare, down to food stamps and spending on the arts are closing in on 70% of our spending. Add in interest our increasing debt, and very little of what the government spends money on goes to […]
President Trump’s Budget Is Pro-Taxpayers, Pro-Jobs, Pro-Growth President Donald Trump’s proposed Y 2018 budget will help to accelerate economic growth by 3.5 to 4% a year “Roll back regulations and grow, grow, grow. 3%, in my opinion, is minimal. They can do 3.5 to 4% if they get the tax cuts through ASAP,”Larry Kudlow, the […]
President Trump’s Tax Cuts Will Drive Jobs and Growth $DIA, $SPY, $QQQ,$VXX The long-term growth path for the US economy from Y’s 1950 to 2000 was 3.3%. Almost every year he was in office, former US President Barack Hussein Obama forecast that he would achieve more than 3% growth, he never got there in 8 […]
US Economy Brightens on President Trump’s Policies $DIA, $SPY, $QQQ, $VXX Economic outlook in US brightens, Unemployment Rolls at 28.5-year Lows, Trump Administration’s policies driving the economy. New applications for US jobless benefits fell last week and the number of Americans on unemployment rolls tumbled to a 28.5 year lows, pointing to shrinking labor market […]
Join The Film Industry and Make Dreams Come True! Join the Avengers. (No, really) As an applicant for Franchise & Marketing Coordinator at Marvel Studios in Burbank, California, you might get the chance to help Disney promote Iron Man, Thor, Black Panther and more than 8,000 other Marvel characters. Think you could play C-3PO? Disney […]
Continuing US Jobless Claims Hit 17-Yr Lows $DIA, $SPY, $QQQ, $VXX New applications for US jobless benefits fell more than expected last week and the number of Americans on unemployment rolls marking 17-yr lows, pointing to a tightening labor market that may encourage the Fed to raise interest rates at the 13-14 June meeting. Initial […]
Apple (NASDAQ:AAPL) Heeding President Trump’s Call, Investing in US Jobs $AAPL Apple CEO Tim Cook said Wednesday his company is putting $1-B into a fund to invest in advanced manufacturing jobs in the United States. Mr. Cook made the announcement during a TV interview Wednesday saying his company is always searching for ways to do […]
US Will No Longer Insist Nations Adopt America’s Values & Rights 2300 State Department employees will be sacked on overhall Translating “America First” into diplomatic policy, Secretary of State Rex Tillerson Wednesday declared the United States would no longer condition its foreign relationships on countries adopting US values like human rights. He spoke to State […]
HUD to Get Builders to Hire Low-Income Residents HUD Secretary Ben Carson, 65 anni, said Thursday that that his agency would tap into a little-used federal program that requires builders for hiring low-income residents to work on construction projects. “We’re going to put much more emphasis on Section 3, which requires HUD builders to use […]
US Bureau of Labor Statistics: 16,069,000 Families Not Working Nearly 20% of American families did not have anyone working last year, according to newly released government data. The Bureau of Labor Statistics reported 16,069,000 families were not working, up from the Y 2015 figure of 16,050,000. That amounts to 19.6% of families. There were more than […]
President Trump’s 1st 12 Weeks, Defending Our Constitution +++ President Trump promised that he would put in place common sense reforms to eliminate waste so that the government better serves all Americans. There is duplication and redundancy everywhere. Billions and billions of dollars are being wasted on activities that are not delivering results for hardworking […]
Expect The Congress to Embrace President Trump’s Growth Plan $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV, $USO Friday’s monthly NFPs market moving data release attracted much less attention than in the past. The Key jobs report reflects on the health of the US labor market in March, and it is important for assessing the underlying strength […]
The Trump Rally Has Room to “Grow” $DIA, $SPY, $QQQ, $VXX The US stock market rally since Republican Donald Trump won the Presidential election has more room to grow as the President Drives his pro-business agenda. “There’s more upside. Starting from when he was President-elect he started this stock market boom,” said author David Horowitz. […]
Soft Skills of a Bachelors Degree Losing “Luster” in Jobs Market The bachelor’s degree, once a possible ticket to middle-class comfort is losing its luster in the US job market. Wages for college grads across many majors have fallen since the Y’s 2007-09 recession, according to an analysis by the Georgetown University Center on Education and the […]
Sheriffs Who Want Sanctuary Cities “Need to Quit Their Jobs” Texas Gov. Greg Abbott said Wednesday that the Department of Justice (DOJ) crackdown on sanctuary cities is a strong move in helping correct the nation’s illegal immigration problem, one he has already implemented on the state level in Texas. “This is huge and this is […]
Education & Skills Key to Improving Jobs Prospects Fed Chairwoman Janet Yellen said Tuesday that investments in education and skills training are vital to address persistently high unemployment among lower-income and minority communities. “Education levels have historically lagged in low- and moderate-income communities, particularly communities of color,” Ms. Yellen said in remarks on workforce development […]
Should Robots Be Taxed If They Take People’s Jobs? $GOOGL, $AMZN Economist Robert Shiller says that just “maybe” robots should be taxed if they end up taking away jobs from hard-working Americans. Professor Shiller argued that there has been a flood of innovations that make life easier for people, yet eliminate the human element, such […]
Trumpism: New York Fed Raises Q-1 & Q-2 GDP Outlook to 3.19% $DIA, $SPY, $QQQ, $VXX The New York Fed Friday raised its estimates for US economic growth in the 1st and 2nd Quarter from a week ago following the latest data on inventories, trade and jobs US GDP (gross domestic product) is on track […]
Jobs Report Reaffirms Everything President Trump is Trying to Do Gary Cohn, the former #2 man at Goldman Sachs Group Inc. and President Donald Trump’s top economic adviser, said Friday’s robust jobs report “reaffirms everything that we’re trying to do” with economic-growth policies. US employers added a robust 235,000 jobs in February and raised pay […]
Trumpism: Good Job Growth, Wages Steady in February President Donald Trump is already working hard to create jobs, and his deregulation efforts will pay off even more, former House Speaker Newt Gingrich said Friday. Case in point: Good job growth in the United States grew more than expected in February, as wages increased steadily. “He […]
“Featherbedders” Complaining as President Trump Slashes EPA Budget The Trump Administration announced it will slash programs aimed at slowing climate change and improving water safety and air quality, while eliminating thousands of jobs, according to a draft of the Environmental Protection Agency (EPA) budget proposal. Under the plan from the Office of Management and Budget […]
Expect US Financial Market to Hold, DJIA 22,000 Next? $DIA, $SPY, $QQQ, $VXX The DJIA has risen about 14% since the November 8 Presidential election marking an intrday high of 20,851.33. That’s within 6% of 22,000, the next round number (resistance) that investors and traders are looking at. “I think 22,000 is what is justified […]
US President Donald Trump Hints at Bringing Back Gold as Money $GLD We have the Gold, so bringing back the Gold Standard would not be very hard to do. Inside President Trump’s speech at CPAC was what an intriguing observation: “Global cooperation, dealing with other countries, getting along with other countries is good, it’s very […]
The Trump Rally Extends, Driven by Energy and Jobs Creation Vow $DIA, $SPY, $QQQ, $VXX Thursday, US stocks indexes finished higher driven by energy stocks and a renewed pledge by President Donald Trump to CEOs of 25 of major US companies to bring millions of jobs home to the United States. The S&P 500 posted […]
American’s are Confident About Jobs and the Economy The majority of Americans are saying the economy is going strong, and many believe the trend will continue under President Donald Trump, according to a new poll. The Harvard-Harris online survey found that 61% view the economy as strong, Vs 39%who say it is weak, while 42% […]
President Trump, “We are Winning, and We will Continue to Win, Win, Win!” Saturday evening Our First Lady opened the Rally with the Lord’s Prayer, then introduced Our President to the waiting crowd of supporters President Donald Trump came out to meet The People, just a month after taking office assuring us that his administration […]
Bringing America’s Jobs Back Means Making America’s Factories “Great Again” $GM, $F, $FCAU Over that past few year and most recently during the Presidential election campaigning and post-election the Key discussion is about bringing back manufacturing to the US This was a Key focus of Donald Trump’s campaign for US President. Also, there is the […]
Donald Trump at Boeing (NYSE:BA) “Buy American, Hire American” $BA, $F, $GM, $FCAU There is and continues to be considerable discussion about bringing back manufacturing to the US, and hiring Americans This was a major focus of Donald Trump’s campaign for President. Not surprisingly, there is similar discussion in other advanced countries. Teresa May, Prime […]
Saudi Arabia Begins Tourism Jobs Push A new partnership will seek to increase the number of Saudis working in the sector Saudi Arabia’s Commission for Tourism and National Heritage (SCTNH) has signed an agreement with the labor ministry to create more jobs for Saudis in the tourism sector. The partnership will see the two setup […]
Gold Seeing Strong Support On Safe-Haven Flows, Weakening USD $GLD Political and economic uncertainties under the Trump Administration, coupled with a weakening USD since the beginning of the year, have led to a sharp rise in Gold prices for more than a month. Since late December, Gold has risen from its long-term lows around 1125 […]
Japan’s US Investment Package to Create 700,000 US Jobs Japan is putting its “hand up” for an investment package it says could generate 700,000 US jobs and help create a $450-B market, to present to US President Donald Trump this week, government sources familiar with the plans said. The 5-part package, to be unveiled when […]
Minimum Wage Increases Costs Millions of US Jobs State minimum wage increases phasing in around the US will result in about 2.6-M job losses with “minimal” increases in workers’ salaries, a report from the American Action Forum reports. According to the center-right group, 22 states and the District of Columbia will implement minimum wage increases […]
Lackluster US Wage Growth Hobbles Fed on Interest Rate Hikes Mohamed El-Erian, Allianz SE’s chief economic adviser, said l Lackluster wage growth in the US to hobble the Fed in here and halt the raising interest rates. The figure on pay is “disappointing,” Mohamed El-Erian said Friday in a TV inerview. “This will make the […]
France’s Le Pen Supports Donald Trump’s Travel Ban Marine Le Pen, France’s National Front leader, came out in support of US President Donald Trump’s travel ban condemned by some other Western European leaders. “I think that most of the reactions are in bad faith,” Ms. Le Pen said in a TV interview. “It is a […]
US Small-Business Optimism Highest in 10 Years $DIA, $SPY, $QQQ, $VXX US President Donald Trump’s vow to slash business regulations drove small-business optimism in January to the highest marks in more than 10 years. Monday, we saw the executive order that was just signed on slashing the regulations that have been choking small businesses, and […]
The Week Ahead on Wall Street Economic Reports to Wall Street Monday, 30 January Personal Income, Dec (8:30): 0.4% expected, 0.0% prior Personal Spending, Dec (8:30): 0.4% expected, 0.2% prior PCE Prices – Core, Dec (8:30): 0.2% expected, 0.0% prior Pending US Home Sales, Dec (10:00): 1.3% expected, -2.5% prior Tuesday, 31 January Employment Cost […]
1,000,000 American Jobs at Risk on Fuel Economy Standards $F, $GM, $FCAU About 1-M US jobs are at risk if fuel-economy rules do not align with market reality, according to Ford Motor Co. CEO Mark Fields. Mr. Fields and fellows: General Motors Co. (NYSE:GM) CEO Mary Barra and Fiat Chrysler Automobiles NV’s (NYSE:FCAU) CEO Sergio […]
Predictions for 2017, The Dawning ‘Age of Trumpism’ The entire world is about to change, we are living a Key reversal in the Pattern There is a wave of anti-socialist, anti PC, anti-diversity, anti-entitlement, anti-establishment of the past 70 years is washing across the world now. On 16 June 2015 I wrote in this column […]
Gallup: US Economic Confidence Highest in 9 Years $DIA, $SPY, $QQQ, $VXX The election of Donald Trump as President not only helped the stock market to reach record highs, but also has lifted Americans’ confidence in the economy. Tuesday, The Trump Rally extended with the S&P 500 and NAS Com at record highs. Gallup’s US […]
Toyota (NYSE:TM) Answers President Trump by Adding 400 Indiana Jobs $TM, $F, $GM, $FCAU Tuesday, Toyota Motor Corp. (NYSE:TM) said it would add 400 jobs to build more SUVs at one of its US plants, highlighting its expansion plans just as US President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker […]
President Donald Trump’s Inaugural “People Power” Address The transcript of Donald Trump’s Inaugural address, delivered Friday, January 20, 2017, after his swearing-in as the 45th President of the United States. Chief Justice Roberts, President Carter, President Clinton, President Bush, President Obama, fellow Americans, and people of the world: Thank you. We, the citizens of America, […]
Humans Vs Robots: Humans are Better at Some Stuff Robots are coming for all our jobs, but we’ve still got the edge in a few key areas. McKinsey’s new report on the future of automation notes that humans are better than robots at: spotting new patterns, logical reasoning, creativity, coordination between multiple agents, natural language […]
Fiat-Chrysler (NYSE:FCAU) Moves Jeep Mexico Production to US $FCAU, $F, $GM Fiat Chrysler Automobiles NV (NYSE:FCAU) will invest $1-B toward making 3 new Jeep models in the US, plus a Ram pickup now built in Mexico, as President Elect Donald Trump pressures the auto industry to hire workers and produce vehicles above the border. The […]
The DJIA Tapped at the 20,000 Mark Friday $DIA, $SPY, $QQQ, $VXX The DJIA tapped at the 20,000 mark Friday, as US stock indexes close in on all-time highs as The Trump Rally extends. The US December jobs situation report showed that wages jumped by the largest amount in 7 years, though hiring was weaker […]
The Post Election US Stock Market is “Amazing” $DIA, $SPY, $QQQ, $VXX The post-election US stock market action is intent on rallying to the new highs daily, such moves are typically associated with rapid economic growth. But, so far we have not seen any new data that supports that, except for Consumer Confidence, aka optimism, hitting its […]
Pro-Business Trump, Cutting Cost and Creating Jobs in US $BA, $S Tuesday, US President Elect Donald Trump said that the big Japanese telecom company SoftBank Corp. will invest $50-B in the United States, creating 50,000 jobs. “This is Masa of SoftBank from Japan, and he’s agreed to invest $50-B in the United States and 50,000 […]
Donald Trump, “Move manufacturing offshore, face heavy taxes.” $UTX President Elect Donald Trump warned US companies that moving manufacturing to other countries would be a “very expensive mistake” as they will face heavy new taxes. Early Sunday morning, Donald Trump summarized his the plan that was long part of his campaign position, shifting production from […]
US Jobs Report Validates Short-term Interest Rates $DIA, $SPY, $QQQ, $VXX The monthly US jobs report for November was released early Friday, and it was not so bad that the FOMC will upset market expectations and not hike interest rates in mid-December. The data validated what fixed-income markets have already priced in when it comes […]
Yellen, “Fed could raise US interest rates relatively soon.” The Fed could raise US interest rates “relatively soon,” Fed Chairwoman Janet Yellen said Thursday as data showing a surge in housing starts and uptick in inflation underscored her upbeat assessment of where the country stands. In Ms. Yellen’s 1st remarks since the election of Donald […]
Post Election Bond Sell Off Continues, USD Surges $DIA, $SPY, $QQQ, $VXX Commentary: The US Dollar (.DXY) Index is up 0.26% to 100.48 today as the probability for a vote to hike rates at the 13-14 December FOMC meeting moved to a near certainty. Higher policy rates at the Fed should encourage capital to flow into […]
The American People Rose Up & Roared, Welcome to the Revolution Tuesday The People roared enough of getting taken for idiots by the elites, ripped off by the big banks, losing their jobs to globalist trade. This election was not a victory for the GOP. It is a victory for The People of the United […]
Obama’s Jobs Legacy: Near-Record 94.6-M Americans Not in Workforce A near record high of 94,609,000 Americans are not in the labor force, 425,000 more than last month’s 94,184,000, and the 2nd highest number on record. When US President Barack Hussein Obama took office in January 2009, 80,529,000 Americans were not in the labor force, and […]
Donald Trump Brings Business Knowledge To White House $DIA, $SPY, $QQQ, $VXX President Donald Trump would benefit Wall Street investors by way of making companies 30% more profitable, his economic policy adviser Wilbur Ross said on TV Wednesday. “Here’s why Trump would be better for Wall Street investors than Hillary Clinton: 30% effective reduction in […]
Hillary Clinton’s Tax Plan Will Destroy US Jobs Market Hillary Clinton’s proposed tax increases on people with high incomes and on businesses would constrain economic growth, leading to lower wages and about 697,000 fewer jobs, according to a right-leaning policy group’s analysis. The Democratic presidential nominee’s tax plan, which includes proposals to raise taxes on […]
Gold Outlook: Do Not See Fed Interest Rate Increase in 2016 $GLD A US Fed interest-rate increase this year should not shake investors’ faith in Gold, according to Australia’s 2nd-largest producer. Bullion is trading near the lowest level in more than 3 months. Prices fell on speculative worries that central banks are ready to curb […]
US Jobs Growth Slowed in September, Fed Very Cautious Now US employment growth slowed for the 3rd month in September and the jobless rate rose, which could make the Federal Reserve more cautious about raising interest rates. Nonfarm payrolls rose 156,000, down from a gain of 167,000 jobs in August, the US Labor Department said […]
The Best Jobs for Your Personality Type Everyone has different strengths, weaknesses, and traits that lend to their success in different areas. Personally, I love the analytical, data-driven nature of my work. And, not to blow my own horn, but I’m not bad at what I do! But if you put me in another setting — say, a […]
The US Economy is Not Recovering Despite US media’s trumpeting the Obama Admin’s numbers lauding the so-called “recovering” US economy, a new Gallup report said that is not true. There is a Big Problem: The deaths of small businesses under the Obama Administration outnumbered their births. That is because there has been much long-term degradation […]
Donald Trump, “I will Introduce an America First Energy Plan” Donald Trump outlined his pro-Coal mining and fossil fuel election platform, telling an industry audience in Pittsburgh, PA that he will scrap the $5-T Obama-Clinton Climate Action Plan and the Clean Power Plan, and overhaul EPA regulations seen as strangling US, Coal, Oil & Gas […]
BYD (OTCMKT:BYDDF) to Triple Size of California Factory $BYDDF Chinese car, bus and battery maker BYD (OTCMKT:BYDDF) announced recently that it will expand its EV (electric vehicle) plant in Lancaster, California, 3X’ing the size of its facility, employment and production capability in next 3 years. Stella Li, President of BYD America, said at a groundbreaking […]
Union “Rank-and-File” Prefer Donald Trump as US President America’s union leaders are not expending a lot of energy trying to win back members drawn to Donald Trump’s populist, anti-trade message. Donald Trump is wooing working-class voters by promising to renegotiate trade deals and bring back lost manufacturing jobs, some unions are re-calibrating their usual election-year […]
Wells Fargo’s (NYSE:WFC) Fraud Cost Investors $10-B $WFC, $JPM, $BRK.A FLASH: Here is the word on how it’s largest shareholder, Warren Buffet’s Berkshire Hathaway (NYSE:BRK.A) feels about the mess, likely put out, as his loss is reported at $1.4-B. Wells Fargo’s (NYSE:WFC) fraud cost 5,200 employees their jobs and the bank suffered $185-M in fines, […]
The US Has “Tremendous Power”over China Donald Trump says the United States has “tremendous power” over China because the world’s 2nd-largest economy depends on American prosperity and because of Beijing’s ownership of a staggering amount of US debt. “They suck the blood out of us and we owe them money,” Donald Trump said Monday. “We […]
US Factory Activity Dives for 1st Time in 6 Months, Jobs Cut $DIA, $SPY, $QQQ, $VXX US manufacturing contracted in August for the 1st time since February, as new orders and output plummeted and factories cut jobs. The Institute for Supply Management (ISM) says its manufacturing index dropped to 49.4 in August from 52.6 in […]
Weak NFPs Signals No Fed Rate Hike in September $DIA, $SPY, $QQQ, VXX August Employment Situation and July Trade Deficit: NFPs: 151,000; Private Sector: 126,000; Unemployment Rate; 4.9% Unch; Hourly wages: +0.1%/ Trade Deficit: $5.2-B narrower Commentary: Given how robust job gains were in June and July, the weak August increase halted the FOMC actions. If […]
Eric Trump, Dad Wants to ‘Protect Our Country’ with Immigration Stance Friday, Eric Trump defended his father’s immigration and deportation plans, saying wants to “protect this country and preserve the wages of 320-M people who live here.” “It’s very, very sad,” Eric Trump said in a TV interview. “The median income hasn’t gone up in […]
Men Do Not Like to Talk About Their Health It is well known that women go to the doctor more than do men, but a new survey finds that man are also reluctant to discuss their health concerns, especially with each other. The survey, conducted by the Cleveland Clinic finds that when men get together, […]
Obama’s Claims that US Economy is ‘Good’ is Debunked US President Barack Hussein Obama claimed recently, “The economy, by every metric, is better than when I came into office.” Mr. Obama has been making some variation of this “the economy got better under my watch” claim since the Y 2012 presidential campaign. The Big Q: […]
The World’s Youth Facing Massive Unemployment A report released Wednesday by the International Labour Organisation (ILO) warned that 13.1% of the world’s youth are set to be jobless in Y 2016, up from 12.9% last year. According to ILO’s World Employment and Social Outlook 2016 report, the global number of unemployed youth is expected to […]
Another Democratic ‘Tax & Spend’ Administration = Recession $DIA, $SPY, $QQQ, $VXX Hillary Clinton got hammered from all directions Monday. Mrs. Clinton is trying come up with a new and inspiring idea to jump-start a anemic US economy and help the financially stressed middle class. The progressive/left really does not know how to and will […]
Donald Trump, “We Must do Better as a Country” Donald Trump made a direct appeal to African Americans Friday, asking “What do you have to lose?” He slammed longstanding Democratic policies that have destroyed inner cities and sent manufacturing jobs to Mexico and other countries. “We cannot fix our problems by relying on the same […]
US Regional Manufacturing Weakens for 2nd Month Running $DIA, $SPY, $QQQ, $VXX Factory activity in New York slowed in early August for the 2nd month running, and manufacturers in the state cut jobs. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped to a reading of – 4.2, […]
Donald Trump offers “the biggest tax revolution since the Reagan reforms” Monday in Detroit Donald Trump outlined his economic plan that he said will streamline the US tax code and lower the tax rate for working Americans, offering “the biggest tax revolution since the Reagan tax reform.” With a 55-min speech to the prestigious Detroit […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings, GDP numbers, Fed, BOJ and ECB decisions, NFPs report all out. Wall Street ignored most of it for a few weeks, got nervous traded down and saw some light, ran North and broke out on low volume Friday. And by the way the US job […]
Working class Americans have to love Donald Trump as President Donald Trump will propose one of the biggest tax cuts since the days of Ronald Reagan in a new economic blueprint to be unveiled next week, according to an adviser to the GOP Presidential candidate. Donald Trump will reiterate his plan to cut the corporate […]
Donald Trump, “Barack Obama is a failed leader, and unfit” Tuesday, Donald Trump responded to US President Barack Hussein Obama’s attacks by describing as “a failed leader who along with Secretary of State Hillary Clinton created a foreign policy that has destabilized the world and made it an unsafe place.” “He is the one who […]
The Week Ahead on Wall Street $PFE, $PG Earnings season continues with 119 S&P 500 companies reporting. Included in this group are DJIA components Pfizer Inc. (NYSE:PFE) and Proctor & Gamble Co. (NYSE:PG), which will both report Tuesday. Economic Reports The week’s 1st economic reports to Wall Street will be the July purchasing manager’s manufacturing index (PMI), the […]
Consumer Confidence Dims on Economy $DIA, $SPY, $QQQ, $VXX Consumer confidence slid in July from the prior month on dimmer views of the US economy’s prospects and lingering concerns among higher-income earners about global market conditions. The University of Michigan said Friday that its final index of sentiment (MSI) declined to 90 this month from […]
GOP United, Aligned Going Into Convention with Trump/Pence Ticket Saturday, Donald Trump’s choice for VP running mate Mike Pence, Saturday heralded the presumptive GOP nominee as a strong leader who will bring his brand of “no-nonsense Leadership” to Washington DC. “Elections are about choices, and I also joined this ticket because the choice could not […]
Fed Stymied, Needs Congress’ Help to Spur Economic Growth For the most part US Fed officials have opinions on hot-button issues of the day but do not comment publicly.. But, since the US monetary policy makers are knowledgeable about what is good for the economy, their views on subjects such as immigration, trade and education […]
Household Incomes Fall In Advanced World Economies The real incomes of about 67% of households in 25 advanced economies were flat or fell between Y’s 2005 and 2014. This phenomenon could have very damaging economic and social consequences. The data shows that most people growing up in advanced economies since World War II have been […]