Hurricane Florence Will Distort Economic Data, Expect Little Harm $HD, $LOW The coming economic impact of Hurricane Florence is unlikely to be large but will likely muddle US data for months, judging from past experience. Last year, Hurricanes Harvey and Irma constrained activity in Q-3 of Y 2017 and sparked rebuilding later in the year […]
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 […]
President Trump’s Tariffs Policy is Working $F, $GM President Donald Trump’s trade and tariff strategy, risky as it may seem is working. He is a master negotiator is hammering out agreements, 1st with the Europeans, next Mexico, both are better deals for American firms and workers. His threat of tariffs is leading to lower tariffs. […]
“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 […]
President Trump, “Canada Will be Out’ of Trade Deal Unless It’s ‘Fair’” Saturday, US President Donald Trump warned Canada that it “will be out” of a revised North American trade agreement unless it’s “fair” to the United States, and he threatened to scrap the current deal should Congress “interfere” with the negotiations. “There is no […]
President Trump Cuts More Regulations, Small Businesses Benefit $DIA, $SPY, $QQQ, $RUTX, $VXX US markets will be closed Monday in celebration of Labor Day. Friday, President Donald Trump directed the Labor and Treasury departments to work to make it easier for small businesses to band together to offer retirement plans to their workers. President Trump […]
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 […]
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 […]
TRUMP- PENCE Weekly Update July 28, 2018 This was Week 78 with President Trump in the Oval Office ZERO TARIFFS After criticizing politicians as “weak” for attacking his trade strategies, President Trump met with European Commission President Jean-Claude Juncker and declared a “new phase” in EU trade relations. Putting American workers 1st, President Trump will […]
Illegal Immigration Crushes American’s Wages In the latest Harvard/Harris Poll, about 48% of Americans say increased illegal immigration to the US reduces wages for workers, agreeing with decades of data that indicates mass immigration’s crushing impact on Americans’ wages. Just 10% of Americans say illegal immigration increases US wages while 42% say illegal immigration does not […]
Tesla (NASDAQ:TSLA) Not Producing M3’s in Numbers Musk Says $TSLA Elon Musk is trying to build cars in tents! Tesla Inc. (NASDAQ:TSLA) is not producing enough Model 3s per shift to reach the 5,000/week target that CEO Elon Musk said it would reach by Saturday, 3 line workers at the company’s Fremont, California, assembly plant […]
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 […]
President Trump, “Big news coming for American Autoworkers” $DIA, $SPY, $QQQ, $VXX US President Donald Trump said that “big news” was coming that would be welcomed by US auto workers, and he suggested it was somehow linked to NAFTA trade talks. “There will be big news coming soon for our great American Autoworkers. After many […]
President Trump’s Tax Reform: Wages, Salaries Rose Fastest Pace in 11 Yrs US private-sector workers received the biggest pay raise in 11 years in Q-1 of this year, a sign that the tight job market is lifting wages. Friday, the US Labor Department said that its employment cost index shows wages and salaries in the […]
The Trump Effect on US Economy is Powerful $DIA, $SPY, $QQQ, $VXX Since Trump’s recent tax-reform bill repealed the Obama penalties of the “Individual Mandate,” there is disposable income for working families to use toward investing, not just spending. The Trump Tax Plan will also create more cash to invest for W-2 workers each payday. Plus, the […]
President Trump Fights On for American Workers President Donald Trump “will continue fighting for the American worker” despite the European Union’s 10-page list of American products facing potential retaliation if he proceeds with tariffs on steel and aluminum exports, White House press secretary Sarah Huckabee Sanders said Friday. “He is also working with a number of individual […]
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 […]
President Trump, “Going to put phase 2 tax reform to work” Wednesday in St. Louis, Missouri, US President Donald Trump that he is working with congressional Republicans on a “Phase 2” tax-reform plan to help middle Americans and corporations, telling Missouri business leaders that “it is going to be something that I think is very […]
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 […]
President Trump Keeps Promise to Protect US Citizen and Workers President Donald Trump is keeping his promise to put US workers and industry 1st. Politicians from both parties have been advocates of tariffs in the past, “To pretend that they are suddenly beyond the pale and that only the economically ignorant would favor them is […]
Americans Workers Seeing Biggest Pay Hikes in Years US workers/consumers said they expected to see the fastest wage growth in several years when polled in January, according to a monthly Federal Reserve Bank of New York survey. Consumers polled expected earnings to rise 2.73% in the coming year, the most since data collection began in […]
Global Recession Concerns Fade Concerns for a world economic slump have faded among CEOs, who are now focused on hiring and retaining top employees, an annual survey found. Global CEOs polled by the Conference Board, a New York-based researcher, ranked a global recession as their 19th concern out of 28 choices, down from being the […]
Tesla’s CEO Musk’s (NASDAQ:TSLA) Production Policy: ‘Build Fast, Fix Later’ $TSLA Tesla (NASDAQ:TSLA) is disputing workers’ portrayal of the EV maker as struggling to produce defect-free vehicles. A spokesperson has described a rigorous process that requires all cars to pass more than 500 inspections and tests. Any reworking of cars after assembly reflects the company’s […]
Week 38: President Donald J. Trump in the Oval Office CALIFORNIA WILDFIRES Devastating wildfires are still raging across California, taking numerous lives, 38 now confirmed dead, 100’d missingg, destroying more than 2,000 homes and businesses, and threatening the health and safety of people across the state. Vice President Pence visited California’s emergency management headquarters where […]
Ferrari (NYSE:RACE), a Supercar Factory with Great Food $RACE Ferrari in Maranello is not so much a plant as it is a campus. There are a collection of individual buildings for specific elements of the design and construction of the Supercars that make up the Ferrari works. And beginning in the mid-1990’s, many of those buildings have […]
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 […]
Almost 80% of Americans Live Paycheck to Paycheck Nearly 80% of Americans are living paycheck to paycheck, according to a survey released Thursday by CareerBuilder. The results are as follows: 78% live paycheck to paycheck, up from 75% last year. 81% of women live paycheck to paycheck Vs. 75% men. 9% of workers making $100,000 or more […]
The Best Tippers in US are Men and Republicans A new survey reveals that Men, Republicans, and residents of the Northeast are the best tippers. Women tip a median of 16%, while Democrats and Southerners leave a median 15% at a restaurant, according to a new survey of more than 1,000 American adults conducted by […]
President Trump Pulled Out of Paris Accord Not on Science US President Trump just pulled America out of the Paris Accord. He avoided, throughout his speech, of any mention of the science debate. His case does not rest on debunking the science. He simply made the point, as he did with TPP, that the agreement […]
US Pulls Out of Paris Climate Accord, Stocks Soar to Record Highs $DIA, $SPY, $QQQ, $VXX Our President choose to put American citizens, American energy and American industry 1st, as he promised, Yes! Thursday, President Donald Trump said that he will withdraw the United States from the Paris climate accord, “vowing to fulfill my solemn […]
US Workers Testing Positive for Drugs, Marijuana Use Spikes More US workers reportedly are testing positive for illicit drugs than at any time in the last 12 years. Meanwhile, the number of workers who tested positive for marijuana rose by 4%, while positive results for other drugs also rose “The increases come against a backdrop […]
President Trump’s Earth Day Message, “protect the environment and our workers.” President Donald Trump celebrated Earth Day Saturday and delivered a message that wove a commitment to protecting the environment with support for American workers. “My administration is committed to keeping our air and water clean, to preserving our forests, lakes, and open spaces, and […]
President Trump’s Visa Program Encourages Hiring Americans $DIA, $SPY, $QQQ, $VXX, $FB, $MSFT, $AAPL, $SNA Tuesday, US President Donald Trump signed an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs. President Trump will also use the “Buy […]
President Trump Pushing ‘Hire American,’ ‘Buy American’ Directive US President Donald Trump aggressively drives his “Hire American” and “Buy American” directives Tuesday President Trump to sign an executive order in Wisconsin directing federal agencies to probe government procurement practices and re-examine the way foreign workers enter the US, so they do not undercut “American labor […]
H-1B Applications Fall, Employers Anticipate Trump Reforms $INFY Employers applied for about 16% fewer H-1B visas for highly skilled workers this year than in Y 2016 reflecting concern that The Trump Administration will take a more restrictive approach to the program. Employers seeking visas for Y 2018 submitted 199,000 applications this year, compared with 236,000 […]
Employee Owned Companies Pass the “Recession Test” Employee stock ownership of companies has been promoted in the US since the country’s founding. After the Revolutionary War, Treasury Secretary Alexander Hamilton fostered the resurgence of the Codfish industry by providing financial subsidies, but only for ships that had written profit-sharing agreements with their crews. This program, […]
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 […]
Violent Strike at BHP’s Copper Mine in Chile, force majeure Declared $BHP, $CU A strike at BHP Billiton’s (NYSE:BHP) Escondida copper mine in Chile has turned ugly and police are investigating a fire at the mine that came just hours before 300 masked people stormed the site. Monday, BHP confirmed that 14 people were injured after […]
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 […]
Globalization, a New World or a Dead End Economic globalization is at a Crossroad, the next step to be taken by major players will lead to either a New World or a Dead End. The world is a place in time when protectionism, populism and isolationism are on the rise in the developed countries, as […]
Donald Trump Not Looking for “Permission” to be Tough on Trade $TM US President Elect Donald Trump will not back away from his tough stance on trade, even if congressional Republicans oppose him, incoming White House press secretary Sean Spicer said Thursday. “He’s not looking for permission,” Mr. Spicer said. “He’s going to do what […]
Northeastern US in Dangerous Deep Freeze Low temperatures and high winds have the Northeastern US in a deep freeze this weekend Dangerous wind chills of -20 to 30 below Zero in parts of the region made for some crippling conditions Friday. “You are talking about 30 degrees below normal highs. That is pretty darn cold,” […]
Obama’s Trade Policy is Dead US President Barack Hussein Obama’s administration suspended its efforts to win congressional approval for his Asian free-trade deal before President Elect Donald Trump takes office saying that TPP’s fate was now up to Donald Trump and Republican lawmakers. Administration officials also said Mr. Obama will try to explain the situation […]
Hillary Clinton’s ‘Deplorable’s’ Comment Sinking Her Campaign US Democratic Presidential candidate Hillary Clinton’ continuing attacks against her GOP rival Donald Trump’s supporters could is hurting her campaign as the 2 are headed for the Presidential debates in 10 day. Barbara Streisand joined in with her mocking of Donald Trump. Mrs. Clinton sparked an uproar in […]
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 […]
Singapore Confirmed 41 Cases of ‘Homegrown’ Zika Virus Singapore has confirmed 41 cases of locally-transmitted Zika virus, mostly among foreign construction workers, and said it expected more cases to be identified. All but 7 of those infected have fully recovered, the health ministry and the National Environment Agency (NEA) said in a joint statement Sunday. […]
Italy Mourns its Earthquake Victims The death toll in the 6.3-magnitude earthquake that hit central Italy Wednesday evening has risen to 291, said the Civil Protection agency said Saturday. The death toll in the worst-hit town Amatrice was 230, while the number of victims in Accumoli and Arquato del Tronto were 11 and 50 respectively. […]
The Earlier Millennials Start Saving, The Easier to Accumulate “Nest Egg” $DIA, $SPY, $QQQ, $VXX Young workers today probably cannot think about retiring for 40 or 50 years. Longer lives and the prospect of weaker investment returns mean millennials will probably have to save more money, over a longer period of time, than their Parents […]
US Jobs Situation Report Damaging, Virtually No Jobs Created in May $DIA, $SPY, $QQQ, $VXX Donald Trump said the surprisingly weak US jobs situation data for May released on Friday was “terrible”, a “bombshell.” “Terrible jobs report just reported. Only 38,000 jobs added. Bombshell!” Trump said in a post on Twitter shortly after the US […]
Over 60% of American Families Have No Retirement Plans Since voluntary savings plans led by 401(k)s have largely replaced traditional pensions, it is no surprise that this is the “best of times” for many highly paid America workers. It is the “worst of times” for almost everyone else in the nation, especially the 42% of […]