US Household Incomes Rise for 3rd Year Running The median US household income rose for a 3rd year running in Y 2017 and the poverty rate declined further, government data showed on Wednesday. The Census Bureau says incomes for a typical household, adjusted for inflation, rose 1.8%, from $60,309 in Y 2016 to $61,372. The Census Bureau […]
Blue-Collar Jobs Grow at 30-Year High Blue-collar jobs reportedly are growing at their fastest clip in more than 30 years, powering a hiring boom in many small towns and rural areas that are strong supporters of President Donald Trump ahead of November’s midterm elections. Jobs in industries such as mining, construction and manufacturing rose 3.3% in […]
Annual Wages Rise Most Since 2009 as US Adds 201,000 Jobs $DIA, $SPY, $QQQ, $RUTX, $VXX US job growth accelerated in August and wages notched their largest annual increase in more than 9 years, the clearest signs that the economy was so far weathering The Trump Administration’s escalating trade dispute with China. The Labor Department’s closely […]
Hiring Slows but US Job Market Remains ‘Incredibly Dynamic’ NY Fed’s Williams: Low Unemployment Makes Economy ‘as Good as it Gets’ Hiring by US companies slowed sharply in August dropping far more than economists expected, with moderation in manufacturing and services, payrolls firm ADP said. The closely-watched data are about in line with the expected […]
“America’s Economy Firing on All Cylinders” A Salute to All American Worker on Labor Day US Labor Secretary Alexander Acosta spent Labor Day visiting the Chicago branch of the nation’s largest police union — and posting several tweets praising President Donald Trump’s job-focused policies. “Our nation’s brave members of law enforcement work on the front lines each […]
US Retail Sales Strong in 2018 $M, $WMT, $COST, $USO NRF Lifts 2018 Retail Sales Forecast on Strong Job Market, Tax Reform The National Retail Federation on Monday raised its US retail sales forecast for Y 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending. The […]
Perez and Pelosi Do Not Like President Trump’s Economic Policies Key Dem party leaders do not agree with or like US President Donald Trump in part because his economic policies following a July jobs report that showed the U.S. added 157,000 jobs and unemployment fell to 3.9% Friday. Democratic National Committee (DNC) Chairman Tom Perez released […]
Apple (NASDAQ:AAPL) and Tech Giants are Top 5 in Value $DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL Thursday, Apple (NASDAQ:AAPL) became the 1st public company to exceed $1-T in market cap, just 2 days after reporting better-than-expected Quarterly earnings. The personal technology giant is known for the iPhone smartphone, tablet and Macbook laptops, as well as […]
ADP: US Companies Add Healthy 219,000 Jobs in July US businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate. Payroll processor ADP said Wednesday that hiring was led by health care providers, hotels and […]
US Jobless Claims Lowest Since 1969 $DIA, $SPY, $QQQ, $RUTX, $VXX The number of Americans filing for unemployment benefits dropped to a more than 48.5 year low last week as the labor market strengthens further. Other data Thursday showed manufacturing activity in the mid-Atlantic region accelerated in July amid a surge in orders received by […]
Trump-Pence: Week 76 in the Oval Office SUPREME COURT NOMINEE President Trump announced his new Supreme Court nominee to a national audience this week. Countless legal experts, former colleagues, and even fake news anchors hailed the President’s nomination, with one blue state editorial board noting that “Kavanaugh’s record defies challenge.” Now we need Americans to […]
America’s Trucking Industry Needs Over 60-K Drivers Trucking companies have a labor shortage, with over 60,000 open positions this year and 2X that number expected in coming years, it signals a crisis that could undermine the US economy “Trucking is seen as a last resort if people can’t find another job,” an admissions representative at […]
Germany in Favor of Reducing Tariffs on US Car Imports $VLKAY, $BMWYY, $DDAIF German automobile executives have proposed ending the European Union’s 10 percent tax on American-made cars. US Ambassador to Germany Richard Grenell has reportedly met with chief executives from Volkswagen, BMW and Daimler, who pitched him the idea as part of a broader […]
Living in the Trump Era of Optimism, Prosperity and Strong Economic Growth $DIA, $SPY, $QQQ Just in case you missed this at the weekend, and remember Optimism leads to Power! Friday’s blockbuster NFPs (jobs) data capped a long string of recent strong economic reports which has led to much brighter forecasts for American growth under […]
The Trump Effect: US Companies Seen Investing More $DIA, $SPY, $QQQ, $RUTX, $AAPL US companies are seen investing more of the money saved from sweeping Trump tax cuts into businesses later this year, perhaps even surpassing a jump in Q-1 capital expenditure that was the highest in nearly 7 years. Higher spending on technology, equipment […]
JOLTS Spike, Wage Growth and Inflation Ahead $DIA, $SPY, $QQQ, $VXX US job openings aka JOLTS rose to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department […]
The Trump Expansion Continues to Deliver Jobs The US economy has delivered steady, modest gains for most Americans since the Great Recession ended in Y 2009. President Trump’s policies have extended what is now the 2nd-longest economic expansionon record and why more of the country might soon benefit from higher pay. The government said Friday […]
Healthy Economy, Strong Earnings Will Drive Stock Market North $DIA, $SPY, $QQQ Soon the stock market will reflect the economy, and all systems are on Go. March Private Sector Jobs, Non-Manufacturing Activity and Help Wanted OnLine ADP: 241,000; Goods: 65,000/ ISM (Non-Man.): -0.7 point; Orders: -5.3 points/ HWOL: up 102,100 The Institute for Supply Management’s […]
US Jobless Claims Fall, US Stocks Soar $DIA, $SPY, $QQQ, $VXX Markets in the US and Europe will be closed tomorrow for Good Friday and some world markets will also be closed on Monday. Oversold technology shares bounced Thursday, leading a broad rally on Wall Street, as investors kicked off the extended Easter weekend on […]
Investors ‘Animal Spirit’ Elevated on President Trump’s Leadership $DIA, $SPY, $QQQ, $VXX It has been 14 months since the election victory of President Donald Trump on 8 November 2016. The surprising upset of Hillary R. Clinton awakened Americans “animal spirits” on the economy and risk on investments, they are still aroused. The hard data that […]
US Businesses Now Open to Hiring More Than 6-M Workers $DIA, $SPY, $QQQ, $VXX US employers ramped up their demand for workers in January, advertising 6.3-M jobs at the end of the month, the most on records dating back 17 years. The Labor Department says the number of job opening soared 645,000 in January, the largest 1-month […]
US Jobless Claims Fall for 3rd Time in 4 Weeks $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell for the 3rd time in 4 weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended 10 March) […]
President Trump is Right, Without Steel We Do Not Have a Country $DIA, $SPY, $QQQ, $VXX FLASH: The NFPs Report, American employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market, NAS Comp post record highs on the […]
US Jobs Report: NFPs +200,000, Wages Rise Most Since 2009 $AAPL, $WMT “Jobs, Jobs, Jobs” US job growth rose in January and wages increased too, recording their largest annual gainer in more than 8.5 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment. Remember, No inflation, No […]
US Businesses Hiring at a Healthy Pace $AAPL, $FDX, $WMT, $XOM US businesses continued to hire at a healthy pace in January, a sign the economy is off to a solid start for the year. Payroll processor ADP said Wednesday that companies added 234,000 jobs, led by big gains in services firms, such as hotels, […]
Legalization of Marijuana, ‘The Great American Social Experiment’ The great social experiment that is marijuana legalization is now 5 years old, with 6 states already allowing legal marijuana sales, two more where legal sales will begin within months, and yet another that, along with the District of Columbia, has legalized personal possession and cultivation of […]
President Trumps Infrastructure Plan Shaping Up Jobs, Jobs, Jobs The Trump Administration is finalizing its long-awaited infrastructure plan, which pushes most of the financing of projects to private investment and state and local taxpayers. President Trump, who spoke of improving US infrastructure during his Y 2016 campaign, may preview the plan in his 30 January […]
DJIA Up Almost 8,000 pts Since Donald Trump’s Election $DIA, $SPY, $QQQ, $VXX DJIA Up almost 8,000 points since Donald Trump’s Election! US Energy Sector a Key Driver for the Economy US stocks spiked Wednesday and the DJIA closed above 26,000 for the 1st time as investors’ expectations for higher earnings lifted stocks across all […]
US Economy, Inflation Growing at Sustainable Pace The US economy and inflation expanded at a modest-to-moderate pace from late November through the end of Y 2017, while wages continued to push higher, the Fed Wednesday. “Most districts said that wages increased at a modest pace,” the U.S. central bank said in its periodic Beige Book report […]
President Trump: ‘American Business is Hot Again!’ $JPM, $FCAU, $SPY, $QQQ, $DIA Optimism Among Small-Business Owners Soars on the Trump Effect Early Saturday, US President Donald Trump lauded the economy in a Tweet that pointed out Friday’s stock market report while announcing that “jobs are coming back to America.” ” Yesterday was a big day […]
The American Entrepreneur is Coming Back Making 2018 the Year of the American Entrepreneur. America’s entrepreneurs have been standing on the sidelines waiting for a sign that it’s time to launch or grow their businesses. Now, with tax reform and President Trump’s shredding the anti-busines Hussein Obama-era regulations, that time is here. Business capital spending […]
President Trump’s Accomplishments Prove “He is mentally fit” President Donald Trump is mentally fit for office, and the Democrats who suggest otherwise are playing partisan politics, Michael Reagan said on TV Monday. Addressing charges that President Trump is not healthy enough mentally to serve as President, President Reagan turned the argument around during an appearance on […]
The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000 $DIA, $SPY, $QQQ, $VXX The macro indicators are telling investors that world economies are doing really well under President Trump’s MAGA policies. Thursday, the DJIA broke above the 25,000 for the 1st time, and other major US indexes posted new records, driven by strong US […]
America is Thriving, as The ‘Trump Effect’ Gains Traction $GS, $MCO Companies across the USA are enjoying a major boost from The Trump Administration’s tax reform package, which is expected to translate into job creation and higher wages, according to a new report. Goldman Sachs Group Inc. (NYSE:GS) economist Jan Hatzius, predicts GDP growth and […]
US Big Business Rewarding Employees on Passage of Trump Tax Reform $BA, $T, $WFC, $FITB, $CMCSA Wednesday, several US big businesses announced plans to increase employee and benefits plans after the historic Republican tax plan that slashes the corporate tax rate pass through Congress. Wells Fargo (NYSE:WFC), Fifth Third Bancorp (NYSE:FITB), Boeing (NYSE:BA), AT&T (NYSE:T), and […]
President Trump’s Tax Reform Will Boost GDP, Wages and Add 340,000 Jobs The final GOP tax bill set for a House vote Tuesday, reportedly will boost GDP (gross domestic product) by 1.7%, lift wages by 1.5%, and add 340,000 full-time jobs to the US economy. The Tax Foundation analyzed the details of the final bill […]
Rising Stocks, Home Values Driving American Household Wealth $DIA, $SPY, $QQQ, $VXX Rising stock prices and steady increases in home values powered American household wealth to $96.9-T, the Fed said Thursday. US wealth has made a remarkable comeback since the Great Recession, when it dove more than $10-T to $56.2-T. The Fed’s latest figures […]
US Jobs Situation Report Beat Expectations The US added more jobs than forecast in November and the unemployment rate held at an almost 17-year low, lower wage gains suggest the labor market still has slack to absorb. Payrolls rose 228,000, above the median economist estimate of 195,000, after a downwardly revised 244,000 advance, US Labor […]
US Wage Gains Stalled Despite Robust Jobs Market, Strong Economy $DIA, $SPY, $QQQ, $VXX The US Jobs Market is “Red Hot” The ADP estimate of November private sector job gains was solid. The increases were across the board as most industries and all sizes of businesses added workers solidly. The 40,000 increase in manufacturing payrolls […]
US Consumer Confidence Climbs to 17-Year Highs Holiday shopping started strong and the data suggest that will continue. US Consumer Confidence marked a 17-year high in November, with optimism ticking higher for the 5th month running, according to a monthly survey released Tuesday. Consumers’ outlook about jobs and the business environment edged upwards, adding to […]
Economic-Confidence Index at Near 9-Year Highs America First! Americans’ confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the past nine years. Gallup’s US Economic Confidence Index averaged +7 for the week ending 12 November. Amid a booming stock market and a falling unemployment […]
Week 42: President Donald J. Trump in the Oval Office STANDING STRONG Our thoughts and prayers are with the victims of last Sunday’s horrific, deadly attack, in Sutherland Springs, Texas and their entire community. This heinous act of evil occurred as the victims and their families were in their place of sacred worship at the […]
Continuing US Jobless Claims Rose Ahead of Estimates $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose more than estimated last week, suggesting that hurricane related claims processing has begun to improve. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 239,000 for the week ended 4 November, […]
Atlanta Fed Sees US GDP at 3.3% in Q-4 The U.S. economy is on track to grow at a 3.3% annualized pace in Q-4 based on the latest data on US NFPs and business inventories, the Atlanta Federal Reserve’s GDPNow forecast model showed Friday. The latest estimate for Q-4 GDP (gross domestic product) growth was […]
The Trump Effect: Americans Positive About US Economy $DIA, $SPY, $QQQ, $VXX US companies added the most workers in 7 months in October as hiring rebounded from a drop in September coming from Hurricanes Harvey and Irma, a report by a payrolls processor showed on Wednesday. The ADP National Employment Report said private employers hired […]
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 […]