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Keyword: trumpeconomy

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  • Joe Biden's tax plan may wallop the stock market — here's one disturbing estimate

    07/09/2020 2:20:06 PM PDT · by lasereye · 40 replies
    Yahoo ^ | July 9, 2020 | Brian Sozzi
    Details on how former vice president Joe Biden would rebuild the U.S. economy in the wake of the COVID-19 pandemic if he were elected president in November hit the newswires on Thursday. And one thing was confirmed for many market watchers: A Biden presidency may not be so great for stock prices. “Biden will ensure that corporate America finally pays their fair share in taxes, puts their workers and communities first rather than their shareholders, and respects their workers’ power and voice in the workplace,” a Biden campaign email memo wrote Thursday. Titled “Build Back Better,” the plan is in...
  • Stocks jump, Nasdaq powers to record high as investors look past virus concerns

    07/06/2020 8:50:25 AM PDT · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 07/06/2020 | Emily McCormick
    Stocks rose sharply Monday morning, after new economic data showed a much stronger than expected rebound in US service sector activity in June. The upbeat data helped investors shake off fears over rising coronavirus cases, with infections continuing to march higher globally and domestically. The three major indices also followed global equities higher, with stocks in Europe and Asia gaining after an editorial in China’s state-run media outlet the Securities Times suggested the country prioritize fostering a “healthy” bull market after the pandemic. The Shanghai Composite index closed nearly 6% higher for its biggest gain in five years. Developments in...
  • June 2020 Jobs Numbers Blow Past Expectations; 4.8 million positions created.

    07/02/2020 7:44:39 AM PDT · by SeekAndFind · 23 replies
    Townhall ^ | 07/02/2020 | Katie Pavlich
    UPDATE: President Trump held a press briefing at the White House and reacted to the numbers.  Consumer confidence is up and 80 percent of small businesses are now open!— The White House (@WhiteHouse) July 2, 2020 A look at June's HISTORIC jobs numbers: 2.1 million leisure & hospitality jobs740,000 retail jobs568,000 education & healthcare jobs357,000 service jobs356,000 manufacturing jobs ???? ???? ????— The White House (@WhiteHouse) July 2, 2020 ***Original post***The jobs numbers for June are in and they've blown way past expectations with 4.8 million positions created."Total nonfarm payroll employment rose by 4.8 million in June, and...
  • Signs of a rapid economic recovery — and hope for Trump

    06/18/2020 6:36:37 AM PDT · by billorites · 6 replies
    New York Post ^ | June 17, 2020 | Charles Gasparino
    Conventional wisdom among corporate executives who lean left is that Joe Biden will be our next president, and they’ve begun eying various posts in the new administration that they or their friends would want to fill. But they’re forgetting one big obstacle to their path to power: the economy. That’s right, the economy. Yes, our economy appears to be in really bad shape and is working horribly for many Americans, particularly those in the hospitality, travel and restaurant industries hardest hit by the coronavirus shutdowns. The ­racial unrest and looting of neighborhoods across the nation didn’t help. Small businesses —...
  • Better than Obama: Happiness with ‘personal finances’ just shy of all-time record

    06/17/2020 8:56:08 AM PDT · by kevcol · 5 replies
    Washington Examiner ^ | June 17, 2020 | Paul Bedard
    While Trump foes and the media have played up the gloomy surveys, the latest Gallup poll shows that American optimism in personal finances is just three-points shy of the all-time record, and significantly higher than it was under former President Obama. The numbers: 53% call their personal finances "excellent" or "good," compared with 49% in April. The Gallup high was 56% last year. Under Obama, it never hit higher than 48%. By 41% to 37%, Americans said their situation is getting better rather than worse. 61% of Republicans said their finances are getting better, up from 47% in May. 27%...
  • So long, 33-day bear market — the bull is back and fresh highs are coming soon, says longtime strategist

    06/07/2020 6:45:43 PM PDT · by John W · 29 replies ^ | Shawn Langlois
    “The market has been a ray of sunshine — basically investors being convinced that we’ll get out of this, and the economy will recover along with earnings... The economy may very well be catching up with the stock market rather than the stock market going off on its own.“ That’s Edward Yardeni, president of Yardeni Research, explaining to CNBC why he believes the historic May jobs report will ultimately be a game-changer for Wall Street. In other words, he believes such a massive rebound in the employment number flies in the face of the popular notion that the rally is...
  • S&P 500 erases its loss for the year as stocks rally on reopening optimism

    06/08/2020 4:09:35 PM PDT · by LibWhacker · 30 replies
    CNBC ^ | 6/8/2020 | Free Imbert, Yun Li y
    The stock market rallied once again on Monday, pushing the S&P 500 into the green for the year as the benchmark completed its wild round trip amid the coronavirus pandemic. Investors are growing more and more optimistic about a speedy economic recovery as states continue to reopen. Stocks finished the day at their session highs with the S&P 500 jumping 1.2%, or 38.46 points, to 3,232.39. The equity benchmark turned positive for the year in the final moments of Monday and has now bounced more than 47% off its March low. At one point this year, the S&P 500 was...
  • Dow surges nearly 1,000 points after jobs report shows surprise jump in payrolls, fall in unemployment rate

    06/05/2020 10:11:54 AM PDT · by SeekAndFind · 19 replies
    Market Watch ^ | 06/05/2020 | By William Watts and Mark DeCambre
    Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns. How are benchmarks performing? The Dow Jones Industrial Average US:DJIA jumped 950 points, or 3.6%, to 27,226, while the S&P 500 US:SPX rose 88 points, or 2.9%, to 3,201. The Nasdaq Composite US:COMP advanced 191 points, or 2%, to 9,807 and was briefly trading above its record closing level of 9,817.18 set on Feb. 19. The Nadaq-100 US:NDX , meanwhile, rose 171 points,...
  • CNN doesn't air Trump jobs report remarks; Fox News, ABC, CBS, NBC carry in full

    06/05/2020 10:05:59 AM PDT · by yesthatjallen · 25 replies
    The Hill ^ | 06 05 2020 | Joe Concha
    CNN opted not to air President Trump's remarks on Friday's surprise jobs report showing 2.5 million jobs were added to the economy in May, with MSNBC carrying the comments partially, and Fox News, ABC, NBC and CBS carrying the speech from the Rose Garden in full. The president was in a celebratory mood following the report that the unemployment rate dropped from 14.7 percent in April to 13.3 percent in May. Analysts had expected the report would show unemployment rising to as high as 20 percent, and the new figures suggested an economic rebound could come more quickly. Stocks jumped...
  • Washington Post blasted over inaccurate 'grim milestone' tweet on unemployment rate: ‘It’s not true’ (20%)

    06/05/2020 9:55:58 AM PDT · by knighthawk · 8 replies
    Fox News ^ | June 05 2020 | Brian Flood
    The Washington Post was blasted on social media after it jumped the gun with an inaccurate tweet Friday claiming the May U.S. unemployment rate was close to 20 percent, moments after the actual report indicated the rate unexpectedly had dropped to 13.3 percent. “Grim milestone to be reached as May unemployment rate nears 20 percent,” the Post wrote in a now-deleted tweet to accompany a now-edited story with the same inaccurate headline. May’s 13.3 is significantly down from a record high in April, indicating the nation's economy is recovering faster than expected from the coronavirus lockdown – but it appears...
  • Dow up nearly 700 points after jobs report shows surprise jump in payrolls, fall in unemployment rate

    06/05/2020 8:03:45 AM PDT · by ConservativeInPA · 77 replies
    MarketWatch ^ | June 5, 2020 | William Watts and Mark DeCambre
    Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns. How are benchmarks performing? The Dow Jones Industrial Average DJIA, +3.16% jumped 692.87 points, or 2.6%, to 26,974.69, while the S&P 500 SPX, +2.53% rose 68.63 points, or 2.2%, to 3,180.98. The Nasdaq Composite COMP, +1.88% advanced 160.03 points, or 1.7%, to 9,775.85. On Thursday, the Dow ended 11.93 points, or less than 0.1%, higher at 26,281.82. The fourth straight gain matches a...
  • May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

    06/05/2020 7:43:33 AM PDT · by Lazamataz · 48 replies
    CNBC ^ | PUBLISHED FRI, JUN 5 20208:31 AMQQ | Q
    Nonfarm payrolls rose by 2.5 million in May and the unemployment rate fell to 13.3%. Wall Street estimates had been for a decline of 8.3 million and a jobless level of 19.5%, which would have been the worst since the Great Depression era. Much of the gain came from those classified as temporary layoffs due to the coronavirus-related economic shutdown. Leisure and hospitality represented almost half the jobs gained. Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far better than economists had...
  • Trump declares victory as US unemployment drops to 13.3%

    President Donald Trump took a victory lap on news of a 13.3% US unemployment rate Friday, announcing in a tweet he would be holding a surprise news conference at 10:00 a.m.
  • Trump touts surprise job figures: 'These numbers are incredible'

    06/05/2020 7:27:12 AM PDT · by Red Badger · 30 replies ^ | By Morgan Chalfant - 06/05/20 09:22 AM EDT
    TRENDING: George Floyd Coronavirus Donald Trump Joe Biden Trump touts surprise job figures: 'These numbers are incredible' By Morgan Chalfant - 06/05/20 09:22 AM EDT 690 24 AddThis Sharing Buttons Share to Facebook Share to Twitter Just In... Three alleged members of far-right movement charged with attempting to incite violence at Las Vegas protests State Watch — 2m 10s ago Former NYPD commissioner Kelly: If unrest continues, 'we are going to need the National Guard' Media — 10m 36s ago At least five Alabama football players have tested positive for the coronavirus: report News — 18m 24s ago Justice...
  • LIVE: President Trump holds a Press Conference, 6/5/2020 10AM EDT

    06/05/2020 6:20:10 AM PDT · by Buckeye McFrog · 209 replies ^ | 6/5/2020 | Donald J. Trump
    President Trump holds a Press Conference on 6/5/2020 at 10AM EDT. Links below.
  • Stock Market Tells the Tale: Trump Set to Win in November

    05/28/2020 6:18:13 AM PDT · by Kaslin · 51 replies
    American ^ | May 28, 2020 | Mark Deutchle
    What is the stock market telling us about the November election? Despite the fact that America currently has over 38 million unemployed workers, the market is down 8.5% this year, having gone up 32% since the late March low. Why is the stock market going up while our economy teeters on the edge of a Great Depression? There are several factors currently at work in the market with the most obvious being the extraordinary intervention by our leaders in Washington. Congress has authorized mind-boggling amounts of stimulus funds while the Fed has signaled that it is ready to purchase nearly...
  • Nolte: Politico Admits Democrats ‘Dread’ Fast Economic Rebound

    05/26/2020 7:15:08 PM PDT · by bitt · 21 replies
    Breitbart ^ | 5/26/2020 | John Nolte
    The far-left Politico admitted Tuesday that Democrats are “dreading” the idea of a fast economic boom as America reopens, which explains the anti-science push among many Democrat governors to extend their pointless coronavirus lockdowns. Thanks to these lockdowns, some 40 million people are unemployed, some 40 million lives have been shattered; lines at food pantries seem to go on forever; countless small businesses are in danger of closing or already have… Nevertheless, what America’s oh-so compassionate Democrats dread most is a quick economic rebound that might undermine their grasping desire to hold on to and obtain power. “The general election...
  • EXCLUSIVE: Five Reasons Why Optimism for a US Recovery is Record-Breaking – Economic Recovery Will Shatter Records!

    05/12/2020 6:07:05 AM PDT · by SeekAndFind · 40 replies
    Gateway Pundit ^ | 05/12/2020 | Joe Hoft
    Initial indicators show that Americans are very optimistic for an economic rebound in the short term. There are some good reasons for this optimism. Here are four reasons why Americans are ready for an economic rebound never seen before in world history:1. US optimism for an economic recovery is at an all-time high for most sectors. People are ready to begin making money again like never before: More & more sectors are showing record-breaking short term optimism.We previously noted this in tech, healthcare, small caps.Now, short term optimism for sectors like energy, retail, homebuilders, & materials are reaching *HISTORIC* and...
  • The Dow stages nearly 800-point U-turn, a sharp reversal from its opening tumble

    05/14/2020 12:52:46 PM PDT · by MeneMeneTekelUpharsin · 43 replies
    Market Watch ^ | 14 May 2020 | Mark DeCambre
    The Dow Jones Industrial Average Thursday midday was trading firmly higher, reversing a sharp drop that served as a gut-check to bullish investors amid the COVID-19 pandemic. The Dow DJIA, 1.46% was up 308 points, or 1.3%, at 23,562, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62. Gains were being driven by an advance in American Express Co. AXP, +7.42% and UnitedHealth Group Inc. UNH, +4.47%, which were helping to lead the charge. The S&P 500 index SPX, 0.99% was up 0.8% at 2,843, powered by a gain in the...
  • Democrats Will Keep the States Closed to Tank the Economy and Take Down Trump

    04/17/2020 10:51:09 AM PDT · by Kaslin · 68 replies ^ | April 17, 2020 | Todd Starnes
    The new unemployment numbers are out and there's really no way to butter this biscuit, folks. Unless America's economic engine is restarted, we will be plunged into a Great Depression. Since the global pandemic hit our shores, more than 22 million Americans have filed for unemployment benefits. And the only way to stop this economic death spiral is for every freedom-loving citizen to embrace their constitutional rights, take to the streets and demand that their state leaders reopen this nation. As I wrote in "Culture Jihad: How to Stop the Left From Killing a Nation," the time has come for...