Category: Economy

9/7/2018

ECONOMY/LABOR/OBAMA/TRUMP AS PRESIDENT: “Worker pay gains in areas of the country that helped power Donald Trump’s 2016 presidential victory were substantially slower than in the rest of the country during the first year of his administration, new government data shows. In the 220 counties that flipped from voting for Democratic candidate Barack Obama in 2012 […]

Read More… from 9/7/2018

9/6/2018

ECONOMY/TRUMP AS PRESIDENT: “Cosumer confidence highest in 18 years, Atlanta Fed forecasts 4.7 GDP, manufacturing jobs highest in many years. ‘It’s the story of the Trump Administration, the Economic Success, that’s unnerving his detractors.’ @MariaBartiromo” –Donald Trump, Twitter.com, September 6, 2018 6:31 am […]

Read More… from 9/6/2018

9/6/2018

ECONOMY/JOBS/MEDIA/TRUMP AS PRESIDENT: “The Deep State and the Left, and their vehicle, the Fake News Media, are going Crazy – & they don’t know what to do. The Economy is booming like never before, Jobs are at Historic Highs, soon TWO Supreme Court Justices & maybe Declassification to find Additional Corruption. Wow!” –Donald Trump, Twitter.com, […]

Read More… from 9/6/2018

9/3/2018

ECONOMY/TRUMP AS PRESIDENT/TRUMP PEOPLE: “The prosperity is apparent on the way into town: the 21-floor casino resort and spa on one side of the interstate, and on the other a freshly built retail quarter of boutiques, a brand-new Hilton hotel and a P.F. Chang’s. It unfolds from there along the highways heading west with more […]

Read More… from 9/3/2018

8/30/2018

ECONOMY/FEDERAL RESERVE/TRADE DEALS/TRUMP AS PRESIDENT: “U.S. President Donald Trump said he respected Federal Reserve Chairman Jerome Powell even though the central bank was not helping him out in trade disputes, Bloomberg News reported on Thursday [8-30-18]…Trump nominated Powell as Fed chairman late last year, and he took over from Janet Yellen in February. The president […]

Read More… from 8/30/2018

8/30/2018

ECONOMY/TRUMP AS PRESIDENT: “The news from the Financial Markets is even better than anticipated. For all of you that have made a fortune in the markets, or seen your 401k’s rise beyond your wildest expectations, more good news is coming!” -Donald Trump, Twitter.com, August 30, 2018 6:20 am […]

Read More… from 8/30/2018

8/26/2018

ECONOMY/MEDIA/OBAMA/TRUMP AS PRESIDENT: “’Mainstream Media tries to rewrite history to credit Obama for Trump accomplishments. Since President Trump took office, the economy is booming. The stronger the economy gets, the more desperate his critics are. O had weakest recovery since Great Depression.’ @WashTimes” -Donald Trump, Twitter.com, August 26, 2018 5:01 pm […]

Read More… from 8/26/2018

8/23/2018

DEMS/ECONOMY/ROBERT MUELLER/RUSSIA INVESTIGATION/TRUMP AS PRESIDENT: “President Donald Trump said Wednesday [8-22-18] that ‘the market would crash’ and ‘everybody would be very poor’ if Democrats were to take control of the House of Representatives after November’s midterm elections and then impeach him…The president sat for the interview as impeachment talk swirled around him in the wake […]

Read More… from 8/23/2018

8/24/2018

ECONOMY/TRUMP AS PRESIDENT: “Our Economy is setting records on virtually every front – Probably the best our country has ever done. Tremendous value created since the Election. The World is respecting us again! Companies are moving back to the U.S.A.” -Donald Trump, Twitter.com, August 24, 2018 5:04 am […]

Read More… from 8/24/2018

8/24/2018

BUSINESS/ECONOMY/TRADE DEALS/TRUMP AS PRESIDENT: “Target CEO raves about the Economy. ‘This is the best consumer environment I’ve seen in my career.’ A big statement from a top executive. But virtually everybody is saying this, & when our Trade Deals are made, & cost cutting done, you haven’t seen anything yet! @DRUDGE_REPORT” –Donald Trump, Twitter.com, August […]

Read More… from 8/24/2018

8/23/2018

BUSINESS/ECONOMY/IMMIGRATION/TRUMP AS PRESIDENT: “A group of chief executive officers at the largest U.S. companies expressed serious concern about the Trump administration’s immigration policy and said the rules increase uncertainty and undermine economic growth. In the letter signed by 59 CEOs including Tim Cook of Apple Inc (AAPL.O), JPMorgan Chase & Co’s (JPM.N) Jamie Dimon and […]

Read More… from 8/23/2018

8/20/2018

ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump on Monday [8-20-18] said he would criticize the Federal Reserve if it continues to raise interest rates, setting up a potential clash next month when the central bank is expected to do just that…Powell was nominated by Trump in November and took the helm of the central bank […]

Read More… from 8/20/2018

8/20/2018

ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump complained to wealthy donors at a fund-raiser in the Hamptons last week that the man he chose as chairman of the Federal Reserve, Jerome H. Powell, has disappointed him by raising interest rates, according to people who attended the event. In the midst of a long riff on the […]

Read More… from 8/20/2018

8/16/2018

ECONOMY/RELIGION/TRUMP AS PRESIDENT/TURKEY: “Turkey’s battered lira weakened 3 percent on Friday [8-17-18] after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention ‘sitting down.’ The case of Andrew Brunson, an evangelical Christian missionary from North Carolina […]

Read More… from 8/16/2018

8/16/2018

BUSINESS/ECONOMY/TRUMP AS PRESIDENT: “Our Economy is doing better than ever. Money is pouring into our cherished DOLLAR like rarely before, companies earnings are higher than ever, inflation is low & business optimism is higher than it has ever been. For the first time in many decades, we are protecting our workers!” -Donald Trump, Twitter.com, August […]

Read More… from 8/16/2018

8/12/2018

ECONOMY/TRUMP AS PRESIDENT/TRUMP PEOPLE: “.@GovMikeHuckabee ‘Your paycheck is bigger, your pension is stronger.’ @foxandfriends Unemployment numbers are better than they have been in 50 years, & perhaps ever. Our country is booming like never before – and it will get even better! Many companies moving back to the U.S.A.” -Donald Trump, Twitter.com, August 12, 2018 […]

Read More… from 8/12/2018

8/12/2018

ECONOMY/TRUMP AS PRESIDENT/TRUMP PEOPLE: “.@GovMikeHuckabee ‘Your paycheck is bigger, your pension is stronger.’ @foxandfriends Unemployment numbers are better than they have been in 50 years, & perhaps ever. Our country is booming like never before – and it will get even better! Many companies moving back to the U.S.A.” -Donald Trump, Twitter.com, August 12, 2018 […]

Read More… from 8/12/2018

8/12/2018

ECONOMY/TRUMP AS PRESIDENT/TRUMP PEOPLE: “.@GovMikeHuckabee ‘Your paycheck is bigger, your pension is stronger.’ @foxandfriends Unemployment numbers are better than they have been in 50 years, & perhaps ever. Our country is booming like never before – and it will get even better! Many companies moving back to the U.S.A.” -Donald Trump, Twitter.com, August 12, 2018 […]

Read More… from 8/12/2018

8/8/2018

BUSINESS/CHINA/ECONOMY/TARIFFS/TRUMP AS PRESIDENT: “Over a dinner of beef tenderloin and lobster tail at his private golf club in Bedminster, New Jersey, President Donald Trump on Tuesday [8-7-18] night unleashed a rant about China as corporate executives listened on. The president entertained a group of 15 CEOs and senior White House staff at a dinner in […]

Read More… from 8/8/2018

8/6/2018

ECONOMY/JOBS/TRADE DEALS/TRUMP AS PRESIDENT: “Great financial numbers being announced on an almost daily basis. Economy has never been better, jobs at best point in history. Fixing our terrible Trade Deals is a priority-and going very well. Immigration on Merit Based System to take care of the companies coming back to U.S.A.” -Donald Trump, Twitter.com, August […]

Read More… from 8/6/2018

8/3/2018

ECONOMY/JOBS/TRUMP AS PRESIDENT: “‘July is just the ninth month since 1970 that unemployment has fallen below 4%. Our economy has added 3.7 million jobs since I won the Election. 4.1 GDP. More than 4 million people have received a pay raise due to tax reform. $400 Billion brought back from ‘overseas.’ @FoxNews’” -Donald Trump, Twitter.com, […]

Read More… from 8/3/2018

7/31/2018

ECONOMY/POLLS/TRUMP AS PRESIDENT: “There’s an old political cliche that goes like this: Presidents get too much credit when the economy is going well — and too much blame when it’s going poorly. That cliche begets this political reality: When the economy is good and/or people believe the economy is good, a president is usually popular. […]

Read More… from 7/31/2018

7/30/2018

ECONOMY/GOP/TRUMP AS PRESIDENT: “President Donald Trump has come to the end of another difficult political week for himself and the Republican party. The fallout from his Helsinki news conference continues to shake the administration while the release of one of Michael Cohen’s secretly recorded audio tapes opened up new questions about the alleged payouts and […]

Read More… from 7/30/2018

7/29/2018

ECONOMY/TRUMP AS PRESIDENT: “The biggest and best results coming out of the good GDP report was that the quarterly Trade Deficit has been reduced by $52 Billion and, of course, the historically low unemployment numbers, especially for African Americans, Hispanics, Asians and Women.” -Donald Trump, Twitter.com, July 29, 2018 7:42 am […]

Read More… from 7/29/2018

7/27/2018

COMMERCE/ECONOMY/TRUMP AS PRESIDENT: “President Trump exulted in data on Friday [7-27-18] that showed economic growth accelerated in the second quarter, reeling off a list of statistics to make a case, during a midterm election year, that his administration should get the credit for the humming economy…The Commerce Department estimated that growth in the second quarter […]

Read More… from 7/27/2018

7/27/2018

ECONOMY/TRUMP AS PRESIDENT: “President Donald Trump on Friday [7-27-18] seized on a strong GDP growth rate for the second quarter of the year to tout the economic gains made during his presidency and argued the US is experiencing an economic boom. The US economy grew at a 4.1% annual rate in the second quarter of […]

Read More… from 7/27/2018

7/26/2018

ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump is likely to get one of the best headlines of his presidency on Friday [7-27-18] with a highly tweetable report expected to show the U.S. economy grew at its fastest rate in years in the second quarter. But the big number risks becoming fool’s gold. Economists warn that […]

Read More… from 7/26/2018

7/20/2018

CHINA/ECONOMY/EU/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Trump accused China and the European Union of manipulating their currencies and continued to criticize the Federal Reserve for raising interest rates, saying those moves are putting the United States at a disadvantage. In a flurry of early-morning Twitter posts, Mr. Trump complained that the Fed’s rate increases and a […]

Read More… from 7/20/2018

7/20/2018

ECONOMY/TRUMP AS PRESIDENT: “President Donald Trump is steering U.S. economic policy in a radically new direction. From trying to revive steelmakers with tariffs to vetoing Chinese technology investments, he is using the federal government to direct which industries prosper and which don’t. Many countries have long tilted the playing field toward favored companies and industries, […]

Read More… from 7/20/2018

7/20/2018

CHINA/ECONOMY/EU/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump escalated his criticism of the Federal Reserve Friday [7-20-18], saying in a tweet that its efforts to raise short-term interest rates hurt the U.S. economic expansion, and he accused China and the European Union of manipulating their currencies to hurt the U.S. on trade. The tweets came shortly […]

Read More… from 7/20/2018

7/19/2018

ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Breaking with tradition to avoid criticizing the Fed, Trump told CNBC he’s worried that the central bank’s policies will cancel out his efforts to speed up the economy…He also said that higher interest rates will strengthen the US dollar too much, putting the United States at a ‘disadvantage’ while central banks […]

Read More… from 7/19/2018

7/19/2018

COMMERCE/CRISIS/ECONOMY/EDUCATION/JOBS/LABOR/TECHNOLOGY/TRUMP EXECUTIVE ORDERS/UNION: “By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to provide a coordinated process for developing a national strategy to ensure that America’s students and workers have access to affordable, relevant, and innovative education and job training that will equip them […]

Read More… from 7/19/2018

7/10/2018

ECONOMY/FEDERAL RESERVE/GOP/TAXES/TRUMP AS PRESIDENT: “The tax cuts Republicans enacted in late 2017 will likely provide less of a boost to economic growth than many forecasters predict—and possibly none at all—economists at the Federal Reserve Bank of San Francisco said Monday [7-9-18]. That’s because the changes took effect at a time when the economy was already […]

Read More… from 7/10/2018

7/9/2018

ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “Who’s the biggest loser when tariffs are imposed on imports? The surprising answer: exporters. Though completely counterintuitive, theory and evidence show that taxes on imports act just like a tax on exports. Though it’s early, the Trump administration’s recent round of tariffs is already rippling out to exporters: Soybean farmers face […]

Read More… from 7/9/2018

7/6/2018

ECONOMY/JOBS/LABOR/TRUMP AS PRESIDENT: “Job growth decelerated in June, the government reported Friday [7-6-18], as employers struggled to find qualified workers to fill an abundance of job openings. The Labor Department reported 213,000 new jobs in June, down from 244,000 added in May. Unemployment ticked up to 4 percent after falling to 3.8 percent in May. […]

Read More… from 7/6/2018

7/5/2018

CHINA/ECONOMY/FED/JOBS/LABOR/TRADE WAR/TRUMP AS PRESIDENT: “The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year. Nonfarm payrolls rose by 213,000 jobs last month as manufacturers stepped up hiring, the Labor Department […]

Read More… from 7/5/2018

7/4/2018

BUSINESS/ECONOMY/NAFTA/OIL/TAXES/TRUMP AS PRESIDENT: “’The assault on the American auto industry is over,’ President Trump declared last spring in Detroit, promising auto executives that he would throttle back Obama-era regulations on vehicle pollution. The moment embodied one of Mr. Trump’s main political promises — to promote pro-business policies that unshackle industry and the economy. He has […]

Read More… from 7/4/2018

7/3/2018

ECONOMY/TRADE DEALS/TRUMP AS PRESIDENT: “The economy is doing perhaps better than ever before, and that’s prior to fixing some of the worst and most unfair Trade Deals ever made by any country. In any event, they are coming along very well. Most countries agree that they must be changed, but nobody ever asked!” -Donald Trump, […]

Read More… from 7/3/2018

7/3/2018

BUSINESS/ECONOMY/GOP/TRUMP AS PRESIDENT: “President Donald Trump is now at full-scale war over trade policy with some of the Republican Party’s staunchest allies in big business, including executives at iconic American brands such as General Motors and Harley-Davidson who previously shied away from criticizing an often irascible president. Trump’s approach has created a high-stakes showdown without […]

Read More… from 7/3/2018

6/29/2018

ECONOMY/IVANKA/MEDIA: “RT @FoxBusiness: .@IvankaTrump: ‘I think one of the tremendous opportunities that were seeing because the economy is so strong is that peop…” -Donald Trump, Twitter.com, June 29, 2018 6:21 pm […]

Read More… from 6/29/2018

6/26/2018

ECONOMY/IMMIGRATION/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump could be running a ‘Morning in America’ midterm campaign strategy, bragging about an economy growing as consistently as it has in over a decade with an unemployment rate tied for the lowest level in nearly half a century. Instead, he’s banking on hard-line trade and immigration policies that […]

Read More… from 6/26/2018

6/21/2018

ECONOMY/TAXES/TRUMP AS PRESIDENT: “‘The real big story that affects everybody in America is the success of @POTUS’s TAX CUT package and what it’s done for our economy…’ @Varneyco https://t.co/2bUbA7zSFM“ -Donald Trump, Twitter.com, June 21, 2018 3:25 pm […]

Read More… from 6/21/2018

6/19/2018

ECONOMY/ENERGY/ENVIRONMENT/TRUMP EXECUTIVE ORDERS: “By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Purpose. The ocean, coastal, and Great Lakes waters of the United States are foundational to the economy, security, global competitiveness, and well-being of the […]

Read More… from 6/19/2018

6/18/2018

BORDER/ECONOMY/ELECTION/GOP/IMMIGRATION/TAXES/TRUMP AS PRESIDENT: “As Republicans try to keep their midterm election strategy focused on the economy, tax cuts and falling unemployment, President Trump sent his clearest signal yet on Monday [6-18-18] that he intends to make divisive, racially charged issues like immigration central going into the campaign season. Facing bipartisan criticism over his administration’s family […]

Read More… from 6/18/2018

6/18/2018

CHINA/ECONOMY/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “As President Trump tries to tilt global trade in the United States’ favor, he is increasingly putting his finger on the scale to help once-iconic industries that are declining as a share of the American economy, at the expense of some of the country’s fastest-growing sectors. The president’s attempts to boost […]

Read More… from 6/18/2018

6/17/2018

ECONOMY/NAFTA/TRUMP AS PRESIDENT: “The future of the North American Free Trade Agreement, which binds the economies of the U.S., Canada and Mexico, has rarely looked as murky as it does right now. Negotiators missed a self-imposed deadline to rewrite the deal in May. Then a quarrel between U.S. President Donald Trump and Canadian Prime Minister […]

Read More… from 6/17/2018

6/15/2018

ECONOMY/JOBS/TRUMP AS PRESIDENT: “U.S.A. Jobs numbers are the BEST in 44 years. If my opponent (the Democrats) had won the election, they would have raised taxes substantially and increased regulations – the economy, and jobs, would have been a disaster!” -Donald Trump, Twitter.com, June 15, 2018 6:45 am […]

Read More… from 6/15/2018

6/14/2018

ECONOMY/SENATE/TARIFFS/TRUMP AS PRESIDENT: “Two senators have asked President Trump’s Council of Economic Advisers to turn over an analysis that shows the administration’s tariffs would slow economic growth. The internal analysis, which was first reported by The New York Times last week, contradicts the public statements of several Trump administration officials who have said that Mr. […]

Read More… from 6/14/2018

6/14/2018

ECONOMY/GOP/NORTH KOREA/TRUMP AS PRESIDENT: “The Republican Party is starting to show very big numbers. People are starting to see what is being done. Results are speaking loudly. North Korea and our greatest ever economy are leading the way!” -Donald Trump, Twitter.com, June 14, 2018 7:34 am […]

Read More… from 6/14/2018

6/11/2018

ECONOMY/MINORITIES/TRUMP AS PRESIDENT: “Stock Market up almost 40% since the Election, with 7 Trillion Dollars of U.S. value built throughout the economy. Lowest unemployment rate in many decades, with Black & Hispanic unemployment lowest in History, and Female unemployment lowest in 21 years. Highest confidence ever!” -Donald Trump, Twitter.com, June 11, 2018 4:52 pm […]

Read More… from 6/11/2018

6/10/2018

ECONOMY/TAXES/TRUMP AS PRESIDENT: “The new corporate tax cuts are unlikely to stimulate the level of job creation and wage growth that the Trump administration has promised, a trio of prominent economists has concluded, because high tax rates were not pushing much investment out of the United States in the first place. Instead, the researchers conclude, […]

Read More… from 6/10/2018

6/7/2018

ECONOMY/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “A White House economic analysis of President Trump’s trade agenda has concluded that Mr. Trump’s tariffs will hurt economic growth in the United States, according to several people familiar with the research. The findings from the White House Council of Economic Advisers have been circulated only internally and not publicly released, […]

Read More… from 6/7/2018

6/5/2018

ECONOMY/TRUMP AS PRESIDENT: “The U.S. has an increased economic value of more than 7 Trillion Dollars since the Election. May be the best economy in the history of our country. Record Jobs numbers. Nice!” -Donald Trump, Twitter.com, June 5, 2018 5:51 am […]

Read More… from 6/5/2018

6/4/2018

CANADA/CHINA/ECONOMY/EU/GOP/MEXICO/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump defended his tough trade negotiations with China, Canada and Mexico on Monday [6-4-18], saying the U.S. would soon be in a stronger position with its top trading partners. Trump faced pushback from U.S. allies and an influential Republican group, which warned that the tariffs would hinder the nation’s […]

Read More… from 6/4/2018

6/4/2018

CANADA/ECONOMY/IMF/NAFTA/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “Canada is in a period of heightened economic anxiety due to U.S. trade and tax policy, the International Monetary Fund said Monday [6-4-18], warning it could have a profound impact on investment and growth in the country for an extended period. The warning from the Washington-based agency emerges just as tensions […]

Read More… from 6/4/2018

5/29/2018

ECONOMY/MILITARY/NORTH KOREA/RUSSIA/TRADE DEALS/TRUMP AS PRESIDENT/VA: “Sorry, I’ve got to start focusing my energy on North Korea Nuclear, bad Trade Deals, VA Choice, the Economy, rebuilding the Military, and so much more, and not on the Rigged Russia Witch Hunt that should be investigating Clinton/Russia/FBI/Justice/Obama/Comey/Lynch etc.” -Donald Trump, Twitter.com, May 29, 2018 6:27 am […]

Read More… from 5/29/2018

5/25/2018

ECONOMY/ENERGY/TRUMP AS PRESIDENT: “President Donald Trump is hoping a wave of tax-cut-fueled economic euphoria will boost his approval ratings and his party’s political fortunes this fall. A sharp spike in gas prices could slam the brakes on all of that. As Americans head out for traditional Memorial Day weekend road trips, they’ll confront gas prices […]

Read More… from 5/25/2018

5/24/2018

BANKING/ECONOMY/TRUMP AS PRESIDENT: “Today, it was my honor to sign #S2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.” Read more: https://t.co/sYZ4PzzxxW https://t.co/gi0qGe6ukX“ -Donald Trump, Twitter.com, May 24, 2018 12:54 pm […]

Read More… from 5/24/2018

5/23/2018

CHINA/ECONOMY/JAPAN/TRADE DEALS/TRUMP AS PRESIDENT: “Donald Trump’s plan to make the American economy great again is deceptively simple: wrestle jobs, market share and indeed the future back from China. But what if the U.S. president, in the process, morphs America into Japan? Three decades ago, Trump the real estate mogul railed against Japan-style tariffs and a […]

Read More… from 5/23/2018

5/14/2018

ECONOMY/ELECTION/GOP/TAXES/TRUMP AS PRESIDENT: “Republicans facing a tough midterm election season are pointing to the strong economy as proof their new tax law is working its magic. But as campaign ads tout swelling payrolls and lawmakers spotlight companies handing out employee bonuses, there’s little evidence the tax cuts are already having an impact across the economy, […]

Read More… from 5/14/2018

5/9/2018

ECONOMY/ELECTION/GOP/TAXES/TRUMP PEOPLE: “The Republican Party had a great night. Tremendous voter energy and excitement, and all candidates are those who have a great chance of winning in November. The Economy is sooo strong, and with Nancy Pelosi wanting to end the big Tax Cuts and Raise Taxes, why wouldn’t we win?” -Donald Trump, Twitter.com, May […]

Read More… from 5/9/2018

4/30/2018

BUSINESS/ECONOMY/TAXES/TRUMP AS PRESIDENT: “After years of costly layoffs and plant closings, things are looking up for the heavy-machinery giant Caterpillar, which forecasts solid global sales growth and increased demand this year. Yet despite the corporate investment incentives at the center of President Trump’s tax overhaul, the company’s executives have no plans to supercharge investment or […]

Read More… from 4/30/2018

4/19/2018

ECONOMY/JAPAN/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “Japanese Prime Minister Shinzo Abe courted the new American president with a golden driver not long after Donald Trump won the White House. He’s met with the billionaire businessman more than any other world leader, and he is Trump’s second-most frequent caller. Yet the ‘bromance’ between Trump and Abe has its […]

Read More… from 4/19/2018

4/18/2018

BUSINESS/ECONOMY/TRUMP AS PRESIDENT: “Wall Street, corporate America and the diplomatic world are settling on a strategy to deal with President Donald Trump’s rapidly shifting statements on critical issues like trade deals and Russia sanctions: Just ignore him. Trump last week shocked the world by suggesting he might rejoin the giant Trans-Pacific Partnership, an 11-nation pact […]

Read More… from 4/18/2018

4/18/2018

ECONOMY/TAXES/TRADE DEALS/TRUMP AS PRESIDENT: “Among President Donald Trump’s most deeply held economic convictions is that trade deficits are bad, yet his signature economic policy—a major tax cut—likely will deepen the trade deficits he abhors for years to come. For now, that’s more a problem of optics than economics, albeit one that may prompt Mr. Trump […]

Read More… from 4/18/2018

4/16/2018

ECONOMY/HISPANICS/TAXES/TRUMP AS PRESIDENT: “President Donald Trump said Monday [4-16-18] the Republican tax law and his push to slash regulations are driving one of the ‘greatest booms’ to the U.S. economy and helping Hispanic workers. Trump praised the strength of the economy at a business round-table in a predominantly Latino Miami suburb, telling the audience the […]

Read More… from 4/16/2018

4/10/2018

ECONOMY/TAXES/TRUMP AS PRESIDENT: “Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company Duke Energy Corp (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday [4-10-18]. A report by the Institute on Taxation and Economic Policy, or […]

Read More… from 4/10/2018

4/9/2018

DEFICIT/ECONOMY/TAXES/TRUMP AS PRESIDENT: “The massive tax cuts signed into law in December, which Republicans said would pay for themselves, will balloon the U.S. deficit in years ahead, the Congressional Budget Office said on Monday [4-9-18], possibly hobbling President Donald Trump’s future agenda. The deficit – the amount that Washington’s spending exceeds its revenues – will […]

Read More… from 4/9/2018

4/6/2018

CHINA/ECONOMY/TARIFFS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “National Economic Council Director Larry Kudlow apparently didn’t get much advance notice of President Donald Trump’s threat to impose an additional $100 billion in tariffs on Chinese imports. Asked by reporters Friday [4-6-18] when he first learned of the president’s decision to instruct his top trade official to consider the new […]

Read More… from 4/6/2018

4/6/2018

BUSINESS/ECONOMY/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “It might very well be that Donald Trump tweets himself into a one-term presidency. Following the President’s recent tweets about Amazon and news of a growing trade war with China, stocks slid on Tuesday [4-3-18] and Wednesday [4-4-18] morning. While the stock market rebounded on Wednesday afternoon, more rocky days are […]

Read More… from 4/6/2018

4/5/2018

BUSINESS/ECONOMY/TARIFFS/TRUMP AS PRESIDENT: “U.S. aluminum prices are falling despite a tariff aimed at boosting domestic production of the metal. That’s good news for manufacturers of products such as beer cans and car hoods, which are paying 3% less for aluminum than they were before the Trump administration announced the tariff on March 1. These manufacturers […]

Read More… from 4/5/2018

4/4/2018

CHINA/ECONOMY/TARIFFS/TRUMP AS PRESIDENT: “President Donald Trump on Wednesday [4-4-18] tried to tamp down economic anxieties over tariffs recently announced by China and the United States…On Tuesday [4-3-18], the Trump administration published a list of about 1,300 Chinese exports — worth about $50 billion annually — that it intends to target with 25% tariffs. China responded […]

Read More… from 4/4/2018

4/2/2018

ECONOMY/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Trump on Monday [4-2-18] will tap Justin Muzinich, a top aide to Treasury Secretary Steven Mnuchin, as the Treasury Department’s deputy secretary, a powerful role that includes overseeing a broad portfolio of policy matters like taxes, financial regulation, trade and economic sanctions. The nomination fills a void in the […]

Read More… from 4/2/2018

4/2/2018

ECONOMY/MANUFACTURING/TARIFFS/TRUMP AS PRESIDENT: “Manufacturing activity fell slightly in March, the Institute for Supply Management said Monday [4-2-18]. New orders and production dropped a notch, but the industry still grew for the 19th straight month. Comments published along with the ISM report show that factory owners are concerned about the tariffs, which took effect March 23. […]

Read More… from 4/2/2018

4/1/2018

ECONOMY/OBAMA ADMIN/TRUMP AS PRESIDENT: “During Barack Obama’s presidency, uncertainty about U.S. economic policy was much higher than it had been during the previous 25 years, according to calculations by a trio of academic economists. You would think uncertainty would be low now, with economic expansion advanced and secure, the global economy on a stable footing, […]

Read More… from 4/1/2018

3/30/2018

2016 ELECTION/BUSINESS/ECONOMY/TRUMP AS PRESIDENT: “Two days after Donald J. Trump won the 2016 election, executives at Google consoled their employees in an all-staff meeting broadcast around the world…Sixteen months later, Google’s parent company, Alphabet, has most likely saved billions of dollars in taxes on its overseas cash under a new tax law signed by Mr. […]

Read More… from 3/30/2018

3/28/2018

ECONOMY/TRUMP AS PRESIDENT: “The U.S. economy expanded at a rate of 2.9 percent in the fourth quarter, the Commerce Department reported Wednesday [3-28-18], much better than Wall Street analysts expected and very close to President Trump’s goal of 3 percent growth. The strong growth came largely from Americans opening their wallets to spend more. Consumption […]

Read More… from 3/28/2018