Keyword: trumpeconomy

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  • U.S. Household Net Worth Neared $107 Trillion in Second Quarter

    09/20/2018 11:32:36 AM PDT · by Red Badger · 37 replies
    WSJ ^ | Sept. 20, 2018 1:25 p.m. ET | By Harriet Torry
    The total net worth of U.S. households rose to nearly $107 trillion during the second quarter of 2018, as higher property and stock prices boosted Americans’ wealth. The increase on the quarter was 2.1% or $2.191 trillion, bringing household net worth to $106.929 trillion, according to data the Federal Reserve released Thursday. That was a larger gain than the revised $1.303 trillion advance in the first quarter. Household wealth in the stock market increased by about $848.3 billion in the quarter, reflecting higher equity valuations.
  • After attacking Trump, JPMorgan chief now says the president has done ‘pretty good’ with economy

    09/16/2018 10:46:30 AM PDT · by BenLurkin · 15 replies
    The Washington Post ^ | September 16 at 10:46 AM | Steven Mufson
    Appearing on ABC’s “This Week with George Stephanopoulos,” Dimon was asked “what kind of grade” he would give Trump just on the economy. “I’d say pretty good,” Dimon said. “You know, when President Trump was elected, confidence skyrocketed, consumers, small business, large corporate and because pro-business, pro-competitive taxes, pro some regulatory reform — and that has helped the economy,” Dimon told Rebecca Jarvis of ABC. “So it’s impossible for me to tease out how much, but it has helped the economy,” he said. “Yeah, he should take some credit for that.”
  • Trump effect: Food stamp usage down for EIGHT straight months

    09/13/2018 10:53:22 AM PDT · by SleeperCatcher · 11 replies
    The National Sentinel ^ | 9/13/18 | USA Features
    Winning: Americans’ use of food stamp assistance has now fallen for the eighth straight month as the POTUS Trump economy continues to expand, raising all boats and not just those of “the rich.”
  • Trump 'definitely' boosted U.S. growth, Fed's Bullard says

    09/12/2018 9:57:08 AM PDT · by 2ndDivisionVet · 12 replies
    NASDAQ ^ | September 12, 2018 | Ann Saphir, Reuters
    SAN FRANCISCO, Sept 12 (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Wednesday credited U.S. President Donald Trump with boosting U.S. economic growth in a way that may prove to be sustainable by lifting productivity. "I definitely think that the political change had an influence; I think that this is a pro-business administration that wanted to pursue strategies that were focused on economic growth," he told reporters after speaking at CFA Society Chicago, pointing to the reduction in corporate tax rates and improvements in business sentiment under Trump. Bullard said he currently estimates the economy is capable...
  • Trump Economic Advisor Drops MOAB On Obama Economy

    09/12/2018 5:15:06 AM PDT · by knarf · 32 replies
    WH Presser ^ | Sept 11, 2018 | WH Presser
    News We Can Use
  • Give Trump the Nobel Prize for Economics

    09/10/2018 9:34:15 PM PDT · by Helicondelta · 29 replies ^ | Sep 11, 2018 | Stephen Moore
    This past week I asked a friend at the White House about how the president was holding up against the onslaught of media attacks. "They didn't even deliver a glancing blow," was the response. It wasn't for a lack of trying. Has any president in modern times been the target of such a Blitzkrieg of orchestrated assaults -- from John McCain's funeral turned anti-Trump scrum to Bob Woodward's discredited new book trashing the president to the media infatuation with the anonymous New York Times op-ed by a disgruntled federal employee who hates President Trump. Here we go again. Trump is...
  • ShayoNano USA Selects Chester, South Carolina, for Manufacturing Plant (40 jobs)

    09/08/2018 6:08:33 PM PDT · by 2ndDivisionVet · 9 replies
    Area Development ^ | September 7, 2018 | Staff
    ShayoNano USA, Inc., an innovative developer of advanced materials, plans to construct a new manufacturing facility in Chester County, South Carolina. The company’s $14.7 million capital investment is projected to bring approximately 40 new jobs to the community. The company is a manufacturer and provider of nanomaterials, such as synthesizing additives that improve the profitability and performance of a variety of products. The company harnesses its unique, patented technology to support a range of uses, including paints and coatings, fire retardants, nanocomposites and more. Located at 564 Ecology Lane in Chester, ShayoNano’s new, 23,000-square-foot manufacturing facility is projected to start...
  • Watch: Obama Takes Credit for Job Numbers He Said Couldn't Happen

    09/08/2018 11:52:48 AM PDT · by grayboots · 39 replies
    Twitter ^ | 9/8/2018 | J.A. Alvira St.
    #SaturdayMorning Obama thought the internet would forget this video. He should of known better. Video at link
  • Obama blasts Trump for fanning racial, economic resentments (Full Attack Mode)

    09/07/2018 10:24:11 AM PDT · by yesthatjallen · 54 replies
    The Hill ^ | 09/07/18 | Max Greenwood
    Former President Barack Obama criticized President Trump in a highly-anticipated speech on Friday for capitalizing on racial and economic resentments that he said had been fanned for years by politicians, stepping off the political sidelines and offering a rare criticism of the sitting president by name. "It did not start with Donald Trump. He is a symptom, not the cause," Obama said of current political tensions in a speech at the University of Illinois at Urbana-Champaign. "He's just capitalizing on resentments politicians have been fanning for years," he continued. "A fear, an anger that’s rooted in our past, but is...

    09/07/2018 10:49:34 AM PDT · by E. Pluribus Unum · 76 replies
    The Daily Caller ^ | 12:56 PM 09/07/2018 | Benny Johnson | Reporter At Large
    Obama could not hold back his irritation that Trump is receiving credit for the roaring economy nearly two years after his leaving office. At a speech at the University of Illinois, Obama scoffed that some of the greatest economic numbers in American history are occurring under Trump’s administration. Obama mentioned the financial crisis at the beginning of his term saying “When I came into office in 2009 we were losing 800,000 jobs a month.” “Millions of people were losing their homes. Many were worried we were entering into a second Great Depression. So we worked hard to end that crisis...
  • Obama claims ownership of U.S.’s economic recovery as he blasts Trump (Barf Burrito Alert!)

    09/07/2018 11:06:38 AM PDT · by AngelesCrestHighway · 111 replies
    MarketWatch ^ | 09/07/18 | Steve Goldstein
    Former President Barack Obama on Friday used a speech at the University of Illinois to sharply criticize his successor as well as claim ownership of the U.S. economic recovery. Speaking in Urbana, Ill., where he received an ward for ethics in government, Obama recalled that the U.S. economy was losing 800,000 jobs a month when he entered office. “We worked hard to end that crisis but also break some of these longer-term trends,” said Obama, who is planning a series of campaign trips ahead of the midterm elections in November. “By the time I left office, household income was near...
  • Obama Complains About Trump Taking Credit for Strong Economy

    09/07/2018 10:07:58 AM PDT · by Magnatron · 39 replies
    NKT Network ^ | 7 September 2018 | NKT Staff
    Former President Barack Obama bashed President Trump for taking credit for the strong American economy during a politically charged speech at the University of Illinois on Friday. “By the time I left office, household income was near its all-time high, and the uninsured rate had hit an all-time low, and wages were rising, and poverty rates were falling. I mention all this just so when you hear how great the economy is doing right now, let’s just remember when this recovery started,” Obama said to applause from the audience. “When you hear about this economic miracle that’s been going on...
  • Obama mocks GOP on economy

    09/07/2018 10:10:19 AM PDT · by mandaladon · 55 replies
    The Hill ^ | 7 Sep 2018 | Peter Sullivan
    Former President Obama criticized President Trump and Republicans for taking credit for the growing economy, arguing the economic recovery began during his presidency. Obama also mocked Republicans for praising monthly jobs report that he suggested they undersold, at best, when he was president. "When you hear how great the economy is doing right now, let's just remember when this recovery started," Obama said in remarks at the University of Illinois. "When the monthly job numbers come out suddenly Republicans are saying its a miracle," he added. Obama said his presidency saw similar numbers, after the recovery from the Great Recession...
  • Schumer: ‘For Too Long We've Relied on GDP Alone as a Bellwether for How Americans Are Faring’

    08/30/2018 9:51:18 AM PDT · by Olog-hai · 70 replies
    Cybercast News Service ^ | August 29, 2018 | 4:03 PM EDT | Staff
    Senate Minority Leader Chuck Schumer (D.-N.Y.) held a press briefing on Tuesday—one day before the Bureau of Economic Analysis released its second estimate of Gross Domestic Product (GDP) growth in the second quarter (stating it was 4.2 percent)—at which he stated that Americans “for too long” have been relying “on GDP alone as a bellwether” of how Americans are doing economically. […] “America’s working families deserve the full picture when the federal government publishes data showing how the economy is doing, especially with the quarterly numbers,” he said. […] “Too often, when we hear that GDP is rising and the...
  • U.S. Workers' Average Pay Took a Healthy Jump in July

    08/28/2018 3:07:04 PM PDT · by 2ndDivisionVet · 21 replies
    The Motley Fool ^ | July 31, 2018 | Daniel B. Kline
    Lower-wage retail jobs in particular were among the big gainers as a tighter labor market forced employers to shell out a bit more. After a slow start to 2018 on the pay-raise front, workers in the United States are starting to benefit from the strong economy: Wages across all jobs climbed by 2.2% year over year in July, according to data provided by Glassdoor. "[This] is the fastest wage growth we've seen in more than a year," said Glassdoor Chief Economist Andrew Chamberlain in an email. "As employers raise wages to hire amid low unemployment across the country, it's a...
  • El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'

    08/27/2018 11:35:39 AM PDT · by 2ndDivisionVet · 3 replies
    CNBC ^ | August 27, 2018 | Berkeley Lovelace Jr.
    Economist Mohamed El-Erian said Monday there's a 60 percent chance that President Donald Trump's hard line with China and Europe yields "fairer trade" for the U.S. On CNBC's "Squawk Box," the chief economic advisor at Allianz predicted a 15 percent chance that Trump's approach would result in a "Reagan moment" in trade, especially with China. It would be similar to Ronald Reagan's tough stance against the Soviet Union during the Cold War. "That would transform the landscape," El-Erian said. Reagan also engaged in aggressive trade policies, including quotas on Japaneses cars. Some analysts say the policies were mixed. El-Erian gave...
  • US consumer confidence rises to 18-year high

    08/28/2018 9:16:08 AM PDT · by Hojczyk · 22 replies
    AP ^ | August 28, 2018 | MARTIN CRUTSINGER
    <p>WASHINGTON (AP) — Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded.</p> <p>The Conference Board reported Tuesday that its consumer confidence index rose to 133.4 in August, up from a reading 127.9 in July. It was the highest reading since confidence stood at 135.8 in October 2000.</p>
  • Target CEO raves about the economy: This is the best consumer environment 'I've seen in my career'

    08/23/2018 9:48:38 AM PDT · by Hojczyk · 10 replies
    CNBC ^ | August 22,2018 | Lauren Thomas |
    Target sees unprecedented growth in same-store sales and foot traffic during the second quarter. CEO Brian Cornell credits the strongest consumer environment he's ever seen for the retailer's solid results. This follows similarly strong results from companies like Walmart, Kohl's and TJ Maxx owner TJX. Consumer spending is back and has never been better as far as Target CEO Brian Cornell is concerned. "There's no doubt that, like others, we're currently benefiting from a very strong consumer environment — perhaps the strongest I've seen in my career," Cornell told analysts on a call Wednesday. The retailer's shares are surging after...
  • Trump’s Rollback of CAFE Mandates Is a Big Win for Car Buyers, Consumer Choice

    08/22/2018 10:25:29 PM PDT · by Tolerance Sucks Rocks · 48 replies
    The Daily Signal ^ | August 16, 2018 | Nicolas Loris
    The Trump administration recently proposed the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule. The proposed rule offers modifications to Obama-era Corporate Average Fuel Economy (CAFE) standards with a “preferred alternative” for model years 2021 through 2026. Without a doubt, the Trump administration’s proposed revision is a welcome victory for consumers’ wallets and for consumer choice. The Obama administration implemented fuel-efficiency mandates that would force auto manufacturers to have a fleetwide fuel-economy average of 54.5 miles per gallon by 2025. The new rule’s “preferred” change would maintain the existing fuel-economy mandate through 2020 (increasing to 37 mpg) and keep the level at...
  • Target CEO...This is the best consumer environment 'I've seen in my career'

    08/22/2018 11:31:36 AM PDT · by grayhog · 38 replies
    CNBC ^ | 8/22/18 | CNBC
    Consumer spending is back and has never been better as far as Target CEO Brian Cornell is concerned. "There's no doubt that, like others, we're currently benefiting from a very strong consumer environment — perhaps the strongest I've seen in my career," Cornell told analysts on a call Wednesday. The retailer's shares are surging after reporting fiscal second-quarter results that beat on earnings, revenue and comparable store sales. Just when many investors have written off brick-and-mortar retailers in the era of Amazon, Target is seeing a huge jump in foot traffic. "We're seeing a great consumer response ... unprecedented traffic....