Biden makes first briefing room appearance as president to tout economy, port deal
President Biden appeared in a press briefing room for the first time since taking office on Friday, touting strong jobs numbers and a resolution to port strikes on the East Coast and Gulf Coast that threatened to disrupt the economy. “We've had some very good news about the U.S. economy over the last two days,” […]
American Economy Added 254,000 Jobs in September
U.S. employers added 254,000 workers in September, and the unemployment rate fell to 4.1%, the Labor Department said Friday. Economists had predicted 150,000 jobs and an unemployment rate of 4.2%. This number far exceeded even the most optimistic predictions. Some analysts had expected just 70,000 employees to be added to the payroll. In addition to […]
Dow futures jump 200 points after blockbuster jobs report signals economy on solid ground: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 3, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures rose on Friday after the all-important jobs report came in much better than economists expected. Futures linked to the Dow Jones Industrial Average Increased […]
US economy added 254K jobs last month — blowing past forecasts
Last month's economic growth brought in a whopping 254,000 jobs. That beat previous expectations for a modest rise and dampened Wall Street's hopes for another big rate cut by the Federal Reserve next month. The Labor Department also reported that the unemployment rate fell to 4.1%, down from 4.2% the previous month. According to consensus […]
US economy added 254,000 jobs in September, well above expectations
David Nicholas, CEO of Nicholas Wealth Management, explains how the port strike could affect Barney & Co.'s stock market and the broader economy. U.S. job growth in September exceeded economists' expectations, with little change in the unemployment rate. The Labor Department reported Friday that employers added 254,000 jobs in September, well above the 140,000 increase […]
Dockworkers’ Union Head Is ‘Trump Guy’ Who Might Want to Harm Economy
On Wednesday's broadcast of CNBC's “Squawk Box,” Colorado Gov. Jared Polis (D), represented by Harris Walz, announced that Vice President Kamala Harris, the 2024 Democratic presidential nominee, has been elected, and that the longshoremen union The union leader is a “Trump guy who might try to paralyze the economy for political purposes.” New Hampshire Governor […]
Biden’s $2 trillion deficit proves the ‘strong economy’ is a lie
Agenda-focused economists and Democratic Party spokespeople keep repeating the claim that the economy is strong. But economic power can often be a deception. We've all seen families with big, beautiful homes, luxury cars, designer clothes, and country club memberships. At first glance, things seem to be going well, right? But if you borrow a lot […]
Fmr Labor Sec Warns Port Strike Could Cause ‘Extraordinary Consequences’ For Economy, May Lead To Court Action
Former Trump administration U.S. Labor Secretary Eugene Scalia said Wednesday on Fox News that the current port strike could have “extraordinary consequences” for the economy and that President Joe Biden may seek a court injunction. I warned you that there is. The International Longshoremen's Association (ILA) staged a strike early Tuesday, affecting 14 major ports […]
JD Vance hammers Tim Walz on immigration, energy policy, and the economy in lively but civil VP debate
The vice presidential candidates engaged in a heated debate Tuesday night in New York City, with Republican Sen. J.D. Vance of Ohio delivering a civilized blow to Democratic Minnesota Gov. Tim Walz. I drank it. Many noted that the hosts, “CBS Evening News” anchor Norah O'Donnell and “Face the Nation” host Margaret Brennan, fact-checked Vance […]
Port strike to rock economy, Main Street
SMBC Chief Economist Joe LaBonna spoke on “The Big Money Show” about the impact of extended port closures. More than 45,000 longshoremen are on strike across the East Coast. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX), which represents port employers, are at an impasse in negotiations over the union's demands […]