Manhattan rent prices ticked higher in the month before Zohran Mamdani won New York City’s mayoral election on promises to improve affordability https://t.co/rg3Q8z0vNq ...

Economic Sentiment and Job Market Concerns - Voter frustration over affordability has influenced Democratic wins in recent state and local elections, with growing unease about the job market among Americans [1] - A Harris Poll indicates that 55% of employed Americans are concerned about job loss, coinciding with significant layoff announcements from major companies like Amazon, Target, and Starbucks [2] - The cost of living is a major concern, with 62% of respondents in a recent poll reporting increases in everyday item prices, and nearly half finding these increases difficult to manage [3] Political Responses and Strategies - The Trump administration is attempting to project a positive economic outlook while deflecting blame, similar to strategies used by the Biden administration, but risks losing control of Congress if economic conditions do not improve [4] - Economic advisor Tobin Marcus notes that the Trump administration's economic program does not directly address voters' primary concerns, particularly regarding affordability [6] - Plans are being considered for President Trump to increase domestic travel and speeches focused on cost of living issues, as he has done less compared to previous presidents [7] Economic Indicators and Consumer Sentiment - Consumer sentiment has declined, with a University of Michigan survey indicating it is near record lows, and a Federal Reserve Bank of New York survey showing rising expectations of higher joblessness [11] - Job growth has significantly slowed, with payroll gains dropping from an average of 168,000 per month last year to just 27,000 from May to August [9] - Economic pressures from Trump's tariff policies have contributed to uncertainty among businesses, affecting hiring incentives [9] Future Economic Outlook - The administration is optimistic about future economic improvements, citing potential job gains from investments in artificial intelligence and manufacturing [12] - Treasury Secretary Scott Bessent claims that the return of manufacturing jobs is just beginning, with hiring plans from companies like Boeing [12] - Trump has proposed unconventional ideas, such as $2,000 "dividend" payments to Americans funded by tariff revenue, in response to economic challenges [13]

It is time for money power politics. And here's something to think about. The Trump administration is making big moves to help big business.And at the same time, they are pulling back on some key things that help everyday Americans. Tonight, the president hosted a dinner for some top Wall Street executives. According to reports, the list includes Jaime Diamond of JP Morgan and two of the biggest names in the private equity industry, Steve Schwarzman and Mark Rowan.This comes after we found out that the IRS ...

Core Insights - The White House is hosting a dinner with prominent Wall Street leaders, including CEOs from major financial institutions like JP Morgan, NASDAQ, Blackstone, Morgan Stanley, BlackRock, and Goldman Sachs, although details about the agenda remain unclear [2][3] - The dinner occurs amid the president's focus on affordability, with plans to lower tariffs to make products more accessible to Americans, indicating a potential shift in economic policy [3] - Wall Street has been performing well recently, and the CEOs value direct interaction with the president to discuss economic issues, tariffs, and future directions [5][6][7] Group 1 - The dinner is expected to include high-profile financial leaders, but the White House has not disclosed specific details about the event [2] - The president is considering lowering tariffs to enhance product affordability for Americans, which may influence economic conditions [3] - The visibility of the dinner will allow the public to see some interactions between the president and Wall Street executives [4] Group 2 - The banking sector has shown positive performance, possibly linked to the administration's policies, particularly regarding deregulation [5] - Wall Street executives appreciate opportunities for one-on-one discussions with the president to address economic concerns and tariffs [6][7]

Let's turn to the White House as well where the president as Sarah said will expected to host some high profile Wall Street leaders for dinner tonight. For that we'll turn to Aean Javvers. Morning Aan.>> Yeah, good morning to you Carl. We are expecting those heavy hitters here at the White House, but the White House is not really offering any detail on this dinner tonight other than uh that they are hosting it with financial leaders uh from across the economy. uh no no explanation from the White House sort ...

Employment Concerns - A majority of Americans with jobs are concerned about losing them [1] Economic Hardship - Many Americans report finding it difficult to afford everyday items [1] Data Source - The findings are based on a Harris Poll conducted for Bloomberg News [1]

Right now, we know that Donald Trump is going to try to pull any rabbit out of a hat to at least pretend like he is trying to lower costs for the American people. We also know that the key to Donald Trump's heart is through flattery. Preferably flattery that is easy to read.Has lots of pictures and maybe even includes some gold accents if you're like really trying hard. Well, this weekend, Federal Housing Finance Agency Director Bill PY pulled up to Mara Lago with a piece of poster board and a dream to sell ...

Top news story tonight begins with a very telling moment. You're going to see it right now as Republican Congresswoman's Iowa town hall boiled over with voter anger regarding healthc care costs that even led to heckling >> when the uh Affordable Care Act was passed. >> The reason why I was >> lower cost, greater leaders, vote for on the um affordable care act or the unaffordable care act.There was no >> what's your plan. >> It's minimal number of people that is >> how much your go. >> That is the sound in o ...

Donald Trump is facing a familiar problem. He's trying to convince the American people that the economy is doing better than it actually is. >> The economy is the strongest it's ever been.>> And why are people saying they're anxious about the economy. Why are they saying that. >> I don't know that they are saying I think polls are fake.We have the greatest economy we've ever had. >> We saw similar frustrations in Biden's administration. And last week's election results and exit polling is the newest indicat ...

Housing Market Trends - Zillow reports that 59% of renters intending to move within the next year plan to continue renting [1] - The average homeowner now takes 7 to 10 years for owning to make more financial sense than renting, considering mortgage interest rates, home value appreciation (expected to rise less than 2% year-over-year), rent price growth, and opportunity costs [2][3] - In expensive coastal metros like New York City and San Francisco, it can take 15 to 20 years to break even on buying, while in more affordable metros like Memphis or St Louis, it takes 3 to 4 years [4][6] - Prior to the pandemic, the buy-rent break-even point was 2 to 3 years nationwide [7] Renting vs Buying - Renting can be a smart long-term financial option, leading to the rise of the lifestyle renter who values flexibility and freedom [7][8] - The decision to rent or buy depends on personal lifestyle choices and how long one plans to stay in a place [8][9] Advice for Aspiring Homeowners - Improve credit, debt-to-income ratio, and savings to land a better interest rate [11] - Utilize tools like Zillow's Buiability to determine affordability on a monthly basis [12] - Form a team of experts, including a great agent and loan officer, to gain a competitive advantage [13] Future Outlook - Any cuts in mortgage rates or reduction in prices will help affordability and bring more buyers to the market, shrinking the buy-rent break-even time horizon [14] - Even if mortgage rates were to come down dramatically, only 37% of renters said they would buy a home, indicating a continued preference for renting due to lifestyle reasons [15]