Is Trump’s economy slowing down heading into 2020?

Is Trump’s economy slowing down heading into 2020?


>>>THE LAST TWO YEARS, WE’VE EMBARKED ON AN UNPRECEDENTED ECONOMIC REVIRAL, UNPRECEDENTED. AMERICA IS NOW THE HOTTEST ECONOMY ANYWHERE ON THE PLANET EARTH. THERE’S NOBODY CLOSE. PAUL: THAT WAS PRESIDENT TRUMP THURSDAY NIGHT, TOUTING THE STRENGTH OF THE U.S. ECONOMY AT A RALLY IN GRAND RAPIDS, MICHIGAN. THE PRESIDENT HOPING TO MAKE HIS ECONOMIC RECORD A CORNERSTONE OF THE RE-ELECTION CAMPAIGN BUT ARE THERE SIGNS OF A SLOWDOWN HEADING INTO 2020. LET’S ASK LARRY KUDLOW, THE CHAIRMAN OF THE NATIONAL ECONOMIC COUNCIL. WELCOME. WE KNOW THE ECONOMY IS SLOWING, FOURTH QUARTER REVISED DOWN TO 2.2 FROM 2.6. HOW DO YOU EXPLAIN WHAT’S GOING ON?>>YOU KNOW, IT’S TRICKY BUSINESS RIGHT NOW ON THE DATA. BECAUSE FIRST OF ALL, YOU ALWAYS HAVE LOUSY SEASONAL ADJUSTMENTS IN WINTERTIME. COMMERCE DEPARTMENT, I WISH THEY WOULD GET THEIR ACT TOGETHER. YOU DID HAVE A GOVERNMENT SHUTDOWN WHICH DID IMPACT SOME OF THE NUMBERS. BUT, BUT, BUT, BUT, LET ME SAY, INSIDE THAT REPORT CAP GOODS, BUSINESS INVESTMENT SPENDING LOOKED GOOD. THAT’S A KEYSTONE OF OUR LOWER TAX RATES AND DEREGULATION, CONTINUES TO PAY OFF, CAP EX, PRODUCTIVITY, JOBS AND WAGES, THAT’S THE STRONGEST PART OF THE STORY. ALL THAT HE ALL THAT CE ALL THAT CREATES PLENTY OF INCOME. SO I THINK WE’RE GOING TO GET ALL THAT BACK AND THEN SOME ONCE WE GET INTO THE SECOND QUARTER. WE’VE GOT TO GET THROUGH THE FIRST QUARTER. HISTORICALLY, THE FIRST QUARTER IS ALWAYS THE LOW BALL QUARTER. I CAN’T HELP IT IF THE COMMERCE DEPARTMENT, MAYBE THEY SHOULD DO CONDOMINIUMS THERE INSTEAD OF THE ECONOMIC ANALYSIS. PAUL: COME ON, SO YOU’RE GOING TO SEE A LOW NUMBER IN THE FIRST QUARTER. BUT HERE’S ANOTHER SIGNAL, IT’S THE BOND MARKET. OKAY. AND NOW THE 10 YEAR I THINK IS — 10 YEAR TREASURY IS LOWER THAN THE FED FUNDS RATE. THAT’S TELLING US SOMETHING. WHAT IS IT TELLING US, IF NOT RECESSION?>>I DON’T KNOW IF IT TELLS US — IT IS A WARNING, NO QUESTION. SECOND POINT, I THINK IT TELLS US THE FED IS PROBABLY TOO TIGHT IN ITS POLICY. PAUL: REALLY? CUT AGAIN?>>YOU ASKED MY VIEW. I WOULD SAY THAT MY VIEW IS COINCIDING WITH PRESIDENT TRUMP’S VIEW ON THIS. I THINK MARKET PEOPLE, YOU SEE IT EVERYWHERE NOW, BELIEVE THAT THEIR ACTIONS IN THE FOURTH QUARTER WERE MUCH TOO STRINGENT. THAT’S WHAT IT’S TELLING US. I SPEAK TO FED PEOPLE, OF COURSE. THEY BELIEVE THAT THAT’S SOMETHING THEY HAVE TO WATCH VERY CAREFULLY. PAUL: YOU COULD SEE, YOU THINK, ACTUALLY A 25 BASIS POINT CUT HERE COMING UP? YOU WOULD NOT BE SURPRISED IF YOU SAW THAT?>>I DO>>D DO>>DONO>>DON’T KNOW THE TIMING OF IT. I’M READING IT IN THE MARKET. I’M LOOKING AT THE FED FUNDS FUTURES MARKET, COMMODITY MARKET, TIPS MARKET, WOULDN’T SURPRISE ME. TO TELL YOU THE TRUTH, PROBABLY MAKE ME QUITE HAPPY. PAUL: ALL RIGHT. SO WE ALSO HAVE PROBLEMS OVERSEAS. EUROPE IS NOT DOING WELL. ITALY MAYBE ALREADY IN RECESSION, MAYBE GERMANY TOO. AND OF COURSE THE BREXIT WOES AND CHINA HAS SLOWED CONSIDERABLY. HOW MUCH IS THAT GOING TO WASH UP INTO U.S. GROWTH?>>LOOK, IT AFFECTS US, THERE’S NO QUESTION. BUT YOU CAN OVER-PLAY THAT CARD TOO. I MEAN, OUR INCENTIVE STRUCTURE WITH LOWER TAXES AND REGULATIONS IN ENERGY AND TRADE REFORM, INCENTIVE STRUCTURE IS IN VERY GOOD SHAPE. THE PRESIDENT IS REBUILDING THE ECONOMY. SO I DON’T DENY THAT THESE OVERSEAS WEAKNESSES WILL HAVE AN IMPACT. BUT YOU KNOW, ON THE TRADE BASIS, IT’S REALLY NOT A LARGE PART OF GDP. WE’RE A HOME-GROWN ECONOMY. WE’RE THE STRONGEST ECONOMY IN THE WORLD. AS THE CLIP SAID. THE PRESIDENT IS STILL BRAGGING ON THE ECONOMY. HE’S RIGHT TO DO SO. MONEY IS POURING INTO THE UNITED STATES FOR DIRECT INVESTMENT WHICH IS WHAT WE REALLY WANT IN AUTOS AND MANUFACTURING AND WHATNOT. SO I’M NOT GOING TO DENY THE OVERSEAS WEAKNESS, BUT I DON’T WANT TO OVER-PLAY THAT CARD EITHER. I DON’T SEE ANY REASON WHY WE CAN’T GET BACK TO A 3% GROWTH PATH BY THE SPRING. PAUL: . OKAY. THE ONE REASON I WOULD SUGGEST MAYBE WE WOULDN’T WOULD BE TRADE AND WE’VE GOT THESE TARIFFS THAT ARE ON THE ECONOMY, ON IMPORTS, AND WE ALSO HAVE RETALIATION THAT’S HITTING THE FARM BELT IN PARTICULAR AS YOU HE PARTICULAR AS YOU KE PARTICULAR AS YOU KNOW. HOW CLOSE ARE WE TO A CHINA TRADE DEAL THAT WOULD RELEASE SOME OF THIS UNCERTAINTY?>>WELL, THE EARLY REPORTS FROM THE LIGHTHIZER MNUCHIN TRIP, THEY’RE ON THE PLANE BACK, SO I HAVEN’T TALKED TO THEM, MORE PROGRESS WAS MADE. THAT’S BEEN A PRETTY STEADY DRUMBEAT, MORE PROGRESS IS BEING MADE. PAUL: IS IT TRUE THAT 70, 80% OF THIS THING IS ALREADY WRITTEN AND YOU’RE WAITING FOR THE TOUGHEST END GAME HERE?>>WE’RE COMING DOWN TO THE FINAL STROKES. I WANT TO TRY TO MAKE A POINT. I HAVEN’T REALLY BEEN SUCCESSFUL ABOUT MAKING THIS POINT TO THE MEDIA. I’M GOING TO TRY YOU. [ LAUGHTER ]>>THE DEAL AS THE PRESIDENT HAS SAID HAS TO BE A GREAT DEAL FOR THE UNITED STATES, STRUCTURALLY, I.P. PROTECTIONS. PAUL: TAKE ON THE TOUGH ISSUES.>>TRANSFER OF TECHNOLOGY, OWNERSHIP, CYBER HACKING, ET CETERA, ET CETERA, AND ENFORCEMENT ALONG WITH THE COMMODITY PURCHASES AND SO FORTH. LOOK, IT’S NOT TIME SENSITIVE. IT’S NEVER BEEN TIME SENSITIVE. NOW, YOU I’VE BEEN SAYING THAT, HOWEVER UNSUCCESSFULLY, FOR THE PAST WEEK. YOU’RE AN EXCEPTION TO THE RULE REGARDING THE MEDIA. [ LAUGHTER ] PAUL: LARRY, MY VIEW, IT IS TIME SENSITIVE BECAUSE THE ECONOMY NEEDS THIS UNCERTAINTY LIFTED OFF ITS SHOULDERS.>>WE WILL HAVE TO HAVE A GREAT DEAL FOR THIS TO WORK AND IF THAT TAKES A LITTLE LONGER, IT WILL TAKE A LITTLE LONGER. I HAVE SPOKEN TO AMBASSADOR LIGHTHIZER ON THIS MANY TIMES. FEDERAL RESERVE IS DATA-DEPENDENT. THE CHINA DEAL IS NOT TIME-DEPENDENT. FOR ANOTHER FEW WEEKS, I WAS QUOTED AS SAYING A FEW WEEKS OR A MONTH, I DON’T KNOW. I’M JUST SAYING IT’S GOT TO BE THE RIGHT DEAL AND, LOOK, YOU KNOW THE ENFORCEMENT ASPECTS OF THIS ARE CRUCIAL AND WE HAVE A VERY GOOD MULTITIERED P ENFORCEMENT PLAN. IT WILL BE BACKED UP BY TARIFFS AND WE BELIEVE IF COMPLAINTS ARE REGISTERED AND WE ACCEPT THEM, WE WILL USE TARIFFS AND CHINA CANNOT RETALIATE. THAT SHOULD FIX THE COMPLAINT. PAUL: IT WILL BE FASCINATING.>>THE IF>>IHE IF>>IFE IF>>IF TIF>>IF THESE THINGS TAKE MORE DAYS, A WEEK OR A MONTH, SO BE IT. IT COULD BE THE MOST HISTORIC IMPORTANT PRO-GROWTH TRADE DEAL. WE HAVE TO GET IT RIGHT AND BE PATIENT. WE HAVE TO BE PATIENT. PAUL: WE’RE GOING TO BE PATIENT BY NECESSITY. ONE THING WE’RE NOT IMPATIENT ABOUT, BUT WHEN ARE YOU GOING TO LIFT THE STEEL TARIFFS ON MEXICO AND CANADA. YOU PROMISED TO DO IT IF WE GOT A NEW NAFTA. YOU STILL HAVE THEM TIED ON.>>TIED UP WITH THE USMCA VOTE IN CONGRESS WHICH I THINK THE OUTLOOK THERE IS PRETTY GOOD. AGAIN, I DON’T KNOW THE TIMING OF. SPEAKER PELOSI’S BEEN VERY GOOD TO LIGHTHIZER, SHE’S GIVEN HIM COMPLETE ACCESS TO THE DEMOCRATIC SIDE. HE’S TALKING TO CANADA AND MEXICO. HE WANTS TO SHIFT THIS AWAY FROM TARIFFS AND TOWARDS SOME SORT OF QUOTA SYSTEM. HE’S GAINING ON IT. IT’S NOT EASY. WE’RE WORKING HARD ON IT. I’M GOING TO PLAY THAT FROM THE OPTIMISTIC SIDE ALSO. YOU KNOW, FOR THE ADMINISTRATION — PAUL: WE’VE GOT TO GO.>>HIGHLY PROTECTIONIST AND SO FORTH, WE’RE CLOSE TO A MAJOR DEAL WITH NORTH AMERICA AND CHINA AND WE’RE TALKING TO JAPAN AND WE’RE TALKING TO EUROPE, SIR.

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100 thoughts on “Is Trump’s economy slowing down heading into 2020?”

  • You're not making it to a 3% economy unless you weaken the USD and improve trade….hence wanting a 0.5% rate cut. It's just currency manipulation to try to compete with China whilst negotiating.

  • Daniels Sister Sue says:

    The privatized central bank economy (fed reserve) is what we're enduring. Fed reserve manipulates the numbers to benefit themselves. In Obama's 8 years they did not raise rates once so interest was at 0. As soon as Trump took office the privatized federal reserve raised rates a whopping 8 times in 2 years.

  • Blowmeehard Trumptard says:

    Our country is run, yet again, by out of touch, rich old bigots, that loathe the poorest of their own race as much as they hate minorities. Difference is,… Poor white trash is dumb enough to vote for them.

  • You will all find out that the Stock Market is manipulated by the Rockefellers and the Rothchilds as well as the major corporations. They keep it artificially high to play well with the lies that our economy is robust.  This is why the stock market tries to crash and then climbs back up.  The families who actually own America manipulate it with their 400 Trillion Dollar Portfolios. 90% of investors are AUTOMATED and use AI to buy and sell.  The other 10% like you will lose everything including your 401k, job and home very soon.   It just depends on how long they can artificially manipulate the market, and they will keep it up no matter what is really going on.  The manipulators will eventually pull out their money, all the insider traders will as well and the only money left will be YOUR 401k and YOUR investments.  And you will lose EVERYTHING.  Because they have propped it up so much, the indicators show the largest crash in history is right around the corner.  Prepare to lose EVERYTHING.  This is going to be exciting. Get out NOW while you still have a chance.

  • Another globalist Fox host who has no clue how to use trade/tariffs to our advantage. Economy could be booming right now if Fancy Nancy would let the House vote/pass USMCA.

  • Trump had both Houses, how did he FAIL. He is failing so much it is getting embarrassing. Will he be able to lead from prison?

  • the economy fluctuates. just because it's down I the beginning doesnt mean recession or that economy is failing.
    🦅🇺🇸TRUMP 2020 MAGA🇺🇸🦅

  • Splititup2020 CORTEZ says:

    Trump has his Russian friends with weapons and soldiers in South America. That is not a accomplishment . The Russians are Trump's accomplices. Trump is another OJ Simpson.

  • never! mr. president saved a multi trillion dollar economy just with six months he took the office and that's due to his education as a PHD in Real Estate and vast experience in buying/selling condos. Such an achievement is a miracle for the economists but his majesty who was sent by god as per pompeo did it. trump for ever.

  • Can't be that great if you can't pay off your debts……in the TRILLIONS!!!!!!…..if having a mountain of debt says your rich then yep America's rich as ha.

  • IMschleepcuh69 says:

    Fox get this goon off your network I know your trying to be more balanced but I can’t stand this globalist bastard

  • FACTS: IF YOU LIKE TRUMP (on a political level as to whom your values match with), YOU DON'T VALUE/UNDERSTAND/REMEMBER THE INTENTION ON ,WHY WE CAME TO AMERICA IN THE FIRST PLACE.-MY FRENCH-WELSH-GAELIEC-SCOTTISH AND GERMAN BROTHERS. YOU BELIEVE IN COMPANY'S , THE COMMON MAN IS NOT WHAT YOU STAND FOR , YOU MAY THINK YOU DO BUT YOUR PERCEPTION DOESN'T RELATE TO YOUR STANCE. I AM NOT ATTACKING YOU , THIS IS AN OBSERVATION AND WITH IT CONJOURS THESE WORDS. TIME FOR A HISTORY LESSON IF YOU TRULY WANT TO KNOW. YOU WILL/WILL YOU.

  • So much uneducated comments. Bond yields are falling, economist are predicting a slowdown, trump wanting to close the southern boarder will trigger massive layoffs.

  • It doesn't matter no president in history has done more for his country with less help than Donald Trump. If the average Democrat can't figure that out then shame on them they're scum of the earth traitors to America and they should all be sent to Venezuela because that's their utopian socialist Paradise. So how about you all just take your last plane ride ever I eat your last steak on the plane ever and go to your green Paradise of Venezuela and never come back !

  • really hot,,,,, Here’s an update on the “greatest economy ever:” GDP growth hit a high point of 4.2% in Q2, then declined steadily over the rest of the year: 3.4% in Q3, 2.2% in Q4 for an average annual 2018 growth of 2.85%, just below 2.88% under Obama’s presidency in 2015. Projected GDP growth for Q1 of 2019: 1.7%.

  • According to data from the Federal Reserve Bank of New York, Trump’s tariffs and trade policy reduced US income at a rate of $1.4 billion a month by the end of November 2018.+ The top marginal tax rates under Reagan.1981: 69.13%
    1982: 50%
    1983: 50%
    1984: 50%
    1985: 50%
    1986: 50%
    1987: 38.5%
    1988: 28%+ Wall Street bonuses have increased by more than 1000% since 1985. If the federal minimum wage had increased on a similar pace it would be $33.51 an hour today, instead of $7.25.+ 48% of all Americans 55 and older have no retirement savings.

  • well if it is then the trumpublicans can just squeeze out another couple of trillion dollar tax cut….because apparently running up the national debt like there is no tomorrow is no longer a problem…It was only an issue when President Obama was raising it to get us out of a financial disaster. Or maybe trump can figure out a way to declare the country bankrupt and stiff everyone holding the debt…he has experience

  • Hmm… I'm curious what happened the last time the rich got massive tax cuts and they did mass deregulation.. hmm.. I wonder if something happened in 2008 as a result of those.. hmmm

  • Laughter Talks says:

    I am disgusted with the politicians. They all are in it together to forever change the face of freedom. It is actually one party, a party that is anti the American people. There is no point to voting, they do what they want. These videos are nothing more than entertainment for the "little people" whose sweat keeps all those pigs rich. They have created an "illusion" that this is a free country. George Orwell knew what he was writing about. It's all a strategy. One man does not run the government. trump is a figure head for all the ugly, horrible, soulless politicians. They sit around laughing at the people in this country. Sadly, it proves that when they send men to war it is nothing more than a chess game to thin out the population. Our veteran's fought for freedoms that just no longer exist, and wars created to make the rich richer. Try to work one job and buy a house and feed your children. How's that working for ya?

  • Schmerz Meister says:

    Bill Maher states he hoped the economy would tank just to ensure a Trump defeat in the election. That is how sick the left is,

  • Splititup2020 CORTEZ says:

    Russians can now hit America with Nuclear weapons in 2 minutes. America can hit Russia with Nuclear weapons in 7 minutes on the Republican watch Republicans made Russia great again! America has always been great!.

  • jacob martinelli says:

    maybe the economy would be better if the government didn't get rid of the Obama regime's benefits. if our currency relies on supply and demand of loans and the money itself then the economy was bad but better before the recession but whistleblowing caused the loan makers to panic. prices still would have went up and so would debt but people had jobs because people were spending money, which afforded jobs.

  • jacob martinelli says:

    and China used to have a looked down upon economy. it probably says alot about where we are at. more income in every form would make the view of the economy more promising. in other words these people are just squawking about nothing is actually happening to make the economy better.

  • Thomas Wittingly says:

    Of course, the gdp is balancing out from president Obama s effect to showing trumps effect on economy. This is how it is with every president change, takes up to mud term to show difference, go research any change of pres. Besides trump is allowed to spend limitless as McConnell stands by and watch.

  • I will always praise Kudlow. That said, I never can tell if he's recovering from a stroke or if he had 5 martinis before the lights came on.

  • Come late October, it may seem as though we have not advanced a day since the 'Black Tuesday' crash of 1929. Nevertheless: President Trump is a mighty king, raised up for such a time as this. Four would reign in his place, and still not have the same power. DANIEL8

  • Frank Strzelecki says:

    Trumpers think that by suppressing wages they will grow richer and in combination with importing mouths to feed increasing demand for goods and services economy will grow with them. Democrats think by endlessly diverting money into the government and hence their own pockets and distributing some of it among lesser Democrats who can be indefinitely imported too, the economy will grow.

  • It's all the same when a Republican is in office Democrats are called obstructionist and when a Democrat is in office Republicans are obstructionist. When either party leaves office the party that comes in blames the other it's time for us to come together regardless of party and fix the issues of the country instead of pointing the finger. It looks like politics is a gang war now and everybody is saying in office what side are you on and it's not right at all. Constructive criticism is not always negative and it takes a strong person to deal with it and turn it positive. Together regardless of what party you are in will fix the issues and grow the economy.

  • All you Trumpets the economy is doing good??? wait for it, more than 6,100 stores are closing in 2019 as the retail apocalypse. Your trump boy is doing a great job?? Un employment rate is going to take a hit.
    2019 store closing:
    Payless ShoeSource: 2,500 stores, Payless indicated this could be the largest retail liquidation in history.
    Gymboree: 805 stores
    Charlotte Russe: 520 stores
    Family Dollar: 390 stores
    Shopko: 371 stores
    Chico's: 250 stores
    Gap: 230 stores
    LifeWay: 170 stores
    Fred's: 159 stores
    Performance Bicycle: 102 stores
    Sears: 70 stores
    Destination Maternity: 42-67 stores
    Victoria's Secret: 53 stores
    Kmart: 50 stores
    Abercrombie & Fitch: 40 stores
    Bed Bath & Beyond: 40 stores
    Christopher & Banks: 30-40 stores
    JCPenney: 27 stores
    Beauty Brands: 25 stores
    Henri Bendel: 23 stores
    Lowe's: 20 stores
    Z Gallerie: 17 stores
    Walmart: 12 stores
    Macy's: 9 stores
    J.Crew: 7 stores
    Kohl's: 4 stores
    Nordstrom: 3 stores

  • TRUMP'S economy is doing great. Every store I visit is busy, busy, busy!!! The way it should be!!! Unlike Obama's soup kitchen bread line economy!!!

  • This two guys never get a simple economic deal, Everybody works and everybody have money.
    Then the basic rules of the capitalism are simple?
    The massive products you consume are for your own .
    Second Protect your economy ,never let others be around.
    Rooselvelt said I'm not allow economic greedy people to control the grow economy of my country

  • Everyone in life has the same amount of ice; but the rich in summer and the poor in winter.
    The United States is a country where there are millions of poor people who pay taxes to keep most of the rich who do not pay taxes.
    I am not a communist but I expect everyone to pay taxes in the same way if you take 1000 pay 100 if you take 1000000 pay 100000.

  • "Economic turnaround" in that Trump's added fewer jobs per month than Obama did?
    Or that he's grown the stock market by less than Obama did?
    Or that he's added more to the national debt than Obama did?
    Or that he imposes tariffs on Chinese imports and then pretends China's paying the US money?

  • The U.S. Manufacturing Purchasing Managers Index (PMI) dropped below 50% now? It was never that low since 2009 (remember, those were the Obama year, everybody was complaining about anemic recovery).

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