Economic Overview - The economy presents a strong headline snapshot, but closer inspection reveals concerning underlying data [1][2] - GDP reading shows 3%, largely a reversal from the first quarter [1] - The economy is basically at full employment, satisfying one of the Fed's dual mandates [1] Consumer Spending & Investment - Consumer spending is described as "okay" rather than strong [1] - Investment number was down 15% [1] - Consumer-driven companies are not having robust quarters, indicating consumers are feeling the pinch [9] Labor Market - Jolt data indicates a loss of 280,000 jobs in the system [1] - There were 260,000 less hires last month [1] - 150,000 less people quit their jobs, suggesting a less optimistic view of the economy [1] Inflation & Pricing - PCE and CPI numbers were warm, slightly higher than expected, but within an acceptable range [1] - Import numbers offset each other, from -4.7% to +5% [1] - Costs will ultimately be passed down to the consumer, as companies will not decrease their profit margins [4][5] Company Performance Indicators - UPS is a good indicator of e-commerce activity and last-mile delivery performance [8][11] - Starbucks numbers reflect consumer discretionary spending [8] - Whirlpool numbers indicate consumer willingness to upgrade appliances [9]

For those hoping for a rate cut, this means we probably do not get one for quite a bit as the economy continues to show strength.For those hoping cuts = price go up, good news is bad newsFor those believing cuts = price go down, this is incredible newsWatcher.Guru (@WatcherGuru):JUST IN: 🇺🇸 US economy grew 3% in Q2, beating expectations. ...

Industry Focus - The report covers the global food system, from agriculture to supply chains and consumer behavior, within the context of a changing economy and climate [1] Newsletter Promotion - The report promotes a "Business of Food" newsletter, delivered weekly [1]

Joining me now, Michael Hardaway, former communications director for Congressman Hakeem Jeff and Brendan Buck, MSNBC political analyst and former press secretary for Paul Ryan and John Boehner. Gentlemen, thanks for being here on a Saturday in the summer. Michael, we'll start with you.What's your take on ads like this, especially targeting what appears to be MAGA voters. Well, it's brilliant for one reason. Those MAGA voters are never going to vote Democratic, but that's not the point.The idea is to make th ...

We're full speed ahead. June was the first positive June for the Treasury since 2015. We actually had a surplus and we did that in a good way.We took in more revenues, some from tariffs, and we brought down spending. When I think about what we can do here, what I'm really excited about is the idea, you know, with AI that we can go back to the paradigm when I was younger in the '9s. Allan Greenspan was able to run the economy very hot because it was the IT boom and we had this very powerful non-inflationary ...

European Central Bank Executive Board member Piero Cipollone says the economy is sending “conflicting signals” https://t.co/6R4SwV7BHo ...

Exclusive: Brighter views on the economy are bolstering Trump's political standing despite dissatisfaction over his tax bill and tariff plan https://t.co/5ztcqrvRb7 ...

I think that Fed Chair Jerome Powell. I think he's doing a bad job, but he's going to be out pretty soon anyway. In eight, eight months he'll be out.But he's I call him too late. He's too late all the time. He should have lowered interest rates many times.Europe lowered their rate ten times. We lowered ours none. And it's causing a problem for people who want to buy a home.Look, our economy is so strong now, we're blowing through everything. We're setting records, you know that. You see that.And whether it' ...

inputs and at the end of the day it's his decision. Would you just offer up what your opinion would be uh on firing J Pal if the president were to do that. You think that would be a good idea or would you dissuade him from that.Uh look uh Joe, I I think that what we need to do is examine the entire Federal Reserve institution and whether they have been successful. He wanted no part of that direct question. That was Treasury Secretary Scott Besset.this morning on CNBC responding to a story in the Wall Street ...

LISTEN: China’s economy held steady despite Trump’s tariffs. But manufacturers are still racing to adapt as the trade war threatens global supply chains. What’s next?Our reporters discuss here ⤵️ https://t.co/R2bQOfr7Am ...