Six months into his comeback term, Donald Trump has taken full ownership of the US economy. His party must now sell it to voters https://t.co/bVK3NhjUvw ...

It always blows my mind that a portion of people out there are cheering for the demise of the US economy. ...

Welcome to Meet the Press Now. I'm Kristen Welker. As economists, businesses, consumers, and investors react to an alarming series of developments tied to the US economy and the president's shocking reaction to a sluggish jobs report.The trading day just finishing up with markets closing down all across the board as stocks continue to lose momentum after recently hitting new highs. The market pullback today coming after the labor department reported that the US economy created just 73,000 new jobs in July. ...

Economic Slowdown & Job Market - US economy's job growth has slowed, with an average of 85,000 jobs added per month this year, compared to 168,000 jobs per month last year [2] - The report indicates deepening cracks in the US economy, with businesses putting expansion plans on hold due to economic uncertainty [4] - Potential US economic growth has shifted down due to changes in the labor force [9] Impact of Tariffs & Trade Policies - Tariffs are slowing job growth and economic growth [3] - Tariffs are expected to increase prices over time, impacting consumers [22] - Deportation policies are having an effect on the labor markets [5] - Tariffs on products from countries like Canada (originally 25% to 35%) and Switzerland (39%) could impact various sectors, including lumber, cars, and medicines [18][19] - Tariffs on Brazilian products, such as beef (50%), could be felt by consumers [21] Inflation & Consumer Spending - There is a possibility of stagflation, where growth slows (currently at about 12% to 2% annual rate) and inflation picks up closer to 3% rather than 2% [6] - Consumer spending growth is half of what it was a year ago, indicating concern among American consumers [16] - Tariffs are raising costs on everyday products, impacting back-to-school, Thanksgiving, and Christmas shopping [12] White House Perspective - The White House is nervous about the economic situation and is preaching patience [17] - The current economy is producing half as many new jobs as the "Biden economy" did in 2024 [14]

Polls show that voters are increasingly souring on Donald Trump’s handling of the US economy, but that disapproval still isn’t translating into a political windfall for Democrats https://t.co/kdVQ1ddAyb ...

I remember when I was here about 90 days ago, and I told you he's going to walk these back. The the the the tariffs that he announced on Liberation Day would have crushed the American economy. They would've been bad for consumers, ultimately bad for Trump's political standing.Wildly unpopular around the Hill. And that we should expect him to walk it back. And we have seen a steady walk back of those to the point where he started getting embarrassed.Right. The so-called taco trade ever. You know, Trump's alw ...

Market Sentiment & Economic Indicators - A new ETF, Granny Shots ETF, rapidly accumulated $2 billion in assets in less than a year [1] - Despite some enthusiasm, the general sentiment among Funstrat's clients (10,000 RAIA clients and over 400 hedge funds) is cautious, aligning with the $7 trillion of cash on the sidelines, suggesting a mid-cycle rather than a market top [4][5] - The ISM manufacturing index has remained above 50 for 29 months, the longest stretch in history, indicating businesses have been cautious [3] US Economic Performance & Global Comparison - US earnings growth since 2019 has surpassed all other countries, with India being the second closest but almost 20 percentage points behind [7] - 21 of the top 25 most profitable companies globally are US companies, justifying the large market capitalization of companies like Microsoft and Meta [8] - The US economy's strength is driven by technology, spearheaded by AI and digital assets, along with financial innovation [8] Market Valuation & Dominance - Meta and Microsoft's combined market capitalization equals that of the entire Tokyo Stock Exchange, reflecting the dominance of US companies [6]

Market Trends - US equity markets showed signs of revival since June, potentially indicating a shift away from the rotation trade that characterized the first five months of the year [1][2] - The dollar's performance has lagged behind the recovery in stock markets, possibly due to market anticipation of a more dovish Federal Reserve [3] - A washout in positioning, where the market had become too long on the dollar at the start of the year, was necessary for a potential dollar recovery [3] Economic Outlook - The US economy has not been as severely impacted as initially anticipated back in April [4] - Recognition of the US economy's resilience has contributed to the washout of positioning and potential shift in market sentiment [4]

Economic Outlook - The US economy is currently performing strongly [1] - Cutting interest rates could stimulate an even larger economic boom [1] Potential Benefits of Lower Interest Rates - Increased home affordability for more Americans [1] - Greater investment in R&D by American businesses [1] - Improved portfolio performance for American investors [1] Recommendation - Industry suggests creating conditions for a historic economic boom by fully leveraging economic opportunities [1]

The Fed should have cut interest rates so the US economy could grow faster. ...