Commerce Secretary Wilbur Ross appears with Charles Payne to discuss the latest economic data and the Q2 GDP release. Within the interview Secretary Ross explains the information behind the data; the status of the USMCA and Pelosi’s motives to delay ratification; the baseline for the U.S-China trade discussions, and the position of the administration to […]
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82% of Wall Street Bank Analysts Have a Buy Rating on Citigroup: Run for Cover…
If you are buying stocks based on what your stockbroker (a/k/a “financial advisor”) is telling you the research analysts at his brokerage firm are recommending, our headline above should provide a cautionary warning. On July 21, Philip Van Doorn, a reporter for Dow Jones’ MarketWatch, published a chart showing that 82 percent of bank research […]
India Ambassador Praises House for Outsourcing U.S. College Jobs to Indian…
“I must compliment the U.S. House of Representatives for adopting the Fairness for High Skilled Immigrants bill which removes country caps on the H1B visas,” Indian ambassador Harsh Shringla told a D.C. meeting of lobbyists and advocates on Tuesday. He continued: “I think this is an important initiative. We have worked with congressmen across the […]
It’s Over: The Democrats and the Republicans Are Both Conspiring to Bankrupt America and Destroy Our Future…
Both major political parties are working together to destroy America’s financial future, and most Americans don’t seem to care. Once upon a time, the Republicans were considered to be “the party of fiscal responsibility”, but now they are just as bad as the “free spending” Democrats. As you will see below, a “compromise” budget deal […]
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Here’s Where Millennial’s Are Moving Too…
Haven Life Insurance Agency LLC (Haven Life), an online life insurance agency, conducted a new study that reveals from 2012 to 2017, millennials moved to large metropolitan areas that already had large concentrations of them. The survey noted that millennials are living a life of luxury in expensive neighbors with high wages, rising home prices, […]
Trump and Congressional Leaders Reach Sweeping Budget Agreement…
White House and congressional leaders on Monday clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels. The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes […]
Sen. Chuck Grassley Denounces ‘EB-5’ Giveaway to China Hidden in India Outsourcing Bill…
Iowa Sen. Chuck Grassley is throwing a flag on the stealth push by technology investors to expand the unregulated U.S.-India outsourcing economy. The business-backed bill to expand the binational outsourcing economy, titled HR.1044, quadruples the supply of valuable green cards to Indian workers who agree to take college-level jobs from American graduates. On July 10, […]
McConnell: Congress Will Eventually Raise the Debt Ceiling…
Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, Senate Majority Leader Mitch McConnell said, adding that reaching a deal between President Donald Trump and House Speaker Nancy Pelosi would be the best option to prevent chaos and the potential of shutdowns. The deal, […]
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White House Projects $1 Trillion Deficit for 2019…
The White House Office of Management and Budget (OMB) projected in its midyear review Monday that the federal deficit would surpass $1 trillion this year. It’s the first time the U.S. deficit has exceeded the $1 trillion level since the 4-year period following the Great Recession. When President Trump was a presidential candidate, he promised […]
Disney Heiress Makes Undercover Visit to Disneyland and Discovers Staff Have to ‘forage for food in the garbage’…
The heiress to the Disney fortune was left horrified after an undercover visit to the company’s flagship theme park laid bare the desperate poverty of the staff working there. Abigail Disney decided to tour California’s Disneyland incognito after receiving a Facebook message from an employee who was struggling to make ends meet. Since discovering the […]
IMF Outlines “Global” Danger from Trade War with President Trump…
An article from Reuters discussing the position of the International Monetary Fund (IMF) is interesting. Essentially the IMF is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the EU and to a lesser extent, Japan. Yes Alice, there are hundreds of billions […]
Strong U.S. Retail Sales Boost Economic Outlook…
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. The report from the Commerce Department on Tuesday did not change market expectations that the Federal Reserve will cut interest rates this month for the […]
U.S. Has ‘very serious concerns’ that Facebook’s Cryptocurrency Libra Could Be Misused by Terrorists…
Treasury Secretary Steven Mnuchin has concerns about Facebook’s proposed cryptocurrency and its potential illicit use. In a press conference Monday, Mnuchin said Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars […]
Now It Makes Sense – Beijing Assigned Hardline Trade Handler to Vice-Premier Liu He…
We had to wait a few weeks to see how the Beijing communists and Xi Jinping hardliners were positioned for new trade talks; and now things make sense. Initially it seemed at odds with Beijing’s prior position to restart U.S-China trade negotiations with Vice-Premier Liu He. The prior three months of negotiation came to a […]
FTC Approves $5B Facebook Settlement Over Data Privacy Probe…
The Federal Trade Commission voted this week to approve a $5 billion settlement with Facebook to resolve a lengthy probe into the social media giant’s data privacy practices, according to a report on Friday. FTC commissioners approved the settlement by a 3-2 vote along party lines, the Wall Street Journal reported, citing sources familiar with […]
Facebook Stock Hits Highest Price in Nearly a Year After Reports of $5B FTC Fine…
Facebook Inc. shares closed at their highest price in nearly a year Friday after reports that the Federal Trade Commission has approved a $5 billion fine, a record amount that would still be less than a quarter of Facebook’s annual profit. The 3-2 vote along party lines, first reported by the Wall Street Journal and […]
Stocks and Precious Metals Charts – Dear Mr. Powell – Art Imitates Life— Life Imitates High School…
“Thus the elements are in place: a weak legislative body, a legal system that is both compliant and repressive, a party system in which one (I would in 2019 now say either) party, whether in opposition or in the majority, is bent upon reconstituting the existing system so as to permanently favor a ruling class […]
FBI Makes Arrests in Puerto Rico Corruption Scandal, Concerns About Billions in Storm Aid…
The FBI on Wednesday arrested two former senior officials who served in the administration of Puerto Rico Gov. Ricardo Rosselló, leading the chair of the House committee that oversees Puerto Rico to call for the governor to step down. The arrests also spurred concerns on Capitol Hill about the billions of dollars in aid that […]
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NEC Director Larry Kudlow Discusses U.S.-China Negotiation Restart…
White House National Economic Council Director Larry Kudlow on the U.S.-China trade talks where recontact has been established and now officially restarted. As noted, President Trump is in no hurry; the status-quo is leverage in our favor. Additionally Director Kudlow discusses the potential benefits of the USMCA trade deal and whether the Federal Reserve should […]
China June Exports Seen Falling, Adding to Fears of Global Slowdown…
China’s exports likely fell in June as weakening global demand and a sharp hike in U.S. tariffs took a heavier toll on the world’s largest trading nation, a Reuters poll showed. Imports are expected to have fallen for a second straight month, pointing to continued weakness in domestic demand and highlighting the need for Beijing […]
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