Dow Up More Than 100 Points to Another All-Time High

DOW UP, UP AND AWAY …

As reported at CNBC, on Tuesday the DOW closed 122.73 points higher to a record high of 26,773.94. This is in the wake of the new trade deal between the United States, Canada and Mexico.

The Dow Jones Industrial Average hit a record high on Tuesday as it rallied for a second day, boosted by gains in Intel and optimism around global trade.

The 30-stock index closed 122.73 points higher to 26,773.94 for its first record close since Sept. 21. Intel climbed more than 3.5 percent, while Boeing soared to an all-time high. These gains added to the 192-point pop in the Dow on Monday to start the fourth quarter.

The S&P 500, closed flat, however, at 2,923.43 while the Nasdaq Composite fell half a percent to 7,999.55 as large-cap tech names fell more than 1 percent.

Posted October 2, 2018 by
Stock Market | no comments

Another Trump & U.S. Win … United States Reaches New Trade Deal with Canada and Mexico

PRESIDENT DONALD TRUMP .. MAKING AMERICA GREAT AGAIN!!!

As reported at The Politico, the Trump administration announced late Sunday night that the United States, Mexico and Canada have reached a deal to revamp the North American Free Trade Agreement. Another Trump promise to the American voters has been done. And once again it is good news for Americans and the U.S. economy. President Trump has done his part, now it it up to Congress to pass and make into law. Yet another reason to vote Republican in the 2018 midterm elections so to continue the Trump-GOP economic plan.

They said it couldn’t be done and Trump did it. Trump has fulfilled a huge campaign promise to the American workers. But I guess Obama thinks he should get credit for this too.

The DOW is up big on the news.

US_Mexico_Canada

The new pact is a major step toward completing one of the president’s signature campaign promises.

Trade ministers from the U.S., Mexico and Canada have reached a deal to revamp the North American Free Trade Agreement, the Trump administration announced late Sunday night.

The new pact, which is being called the U.S.-Mexico-Canada Agreement, is a major step toward completing one of Trump’s signature campaign promises and gives the president a concrete policy win to tout on the campaign trail this fall. It also sets the stage for what is sure to be a high-stakes fight to get the agreement passed by Congress before it can become law.

U.S. Trade Representative Robert Lighthizer said in late August that officials are planning to sign with their Canadian and Mexican counterparts by the end of November — a date that would also satisfy Mexico, which is eager to have current President Enrique Peña Nieto sign the deal before his successor takes over Dec. 1.

“It’s a great win for the president and a validation for his strategy in the area of international trade,” a senior administration official said on a call with reporters late Sunday.

As stated at Town Hall, the economy is on a roll and it is due to President Donald Trump and the GOP, not obstructionist, resistance Democrats  … So, let’s go down the checklist here. We’re cutting regulations, have opened a denuclearization dialogue with North Korea, created over 3 million jobs, boosted U.S. worker pay to its highest levels in 10 years, unemployment is at an 18-year low, consumer and small business confidence are record highs, and over three million workers received bonus checks of $1,000 or more because of the Trump tax cuts. Second quarter economic growth is at 4 percent. There are now more jobs than job seekers. The economy is booming.

Consumer Confidence At 18 Year High … Hits 138.4 in September 2018 vs. 132 Estimate

AND THE TRUMP ECONOMY KEEPS ON GOING … MAKING AMERICA GREAT AGAIN!!!

According to CNBC, the Consumer Board’s index rose to 138.4 this month from 134.7 in August. Consumer confidence is at an 18 hear high and near the all-time high of 144.7 set in 2000. The survey measures Americans’ sentiment on current economic conditions and prospects for the next six months, including business and labor market conditions. It is just another economic indicator of just how well the economy has been going during the Donald Trump presidency.

At some point America you have to realize that it is the Donald Trump and the Republicans in control in the House and Senate that are making this all happen.

Consumer conference at 138.4 in September, best read in 18 years from CNBC.

Consumer confidence rose in September, notching its highest level in about 18 years.

The Consumer Board’s index rose to 138.4 this month from 134.7 in August. Economists polled by Reuters expected consumer confidence to dip to 132.

“Consumers’ assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth,” said said Lynn Franco, director of economic indicators at the Conference Board. “These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season.”

Franco added September’s index print is near the all-time high of 144.7 reached in 2000.

Chairman of the Council of Economic Advisers Kevin Hassett Educates the White House Press As To Who and What Is Responsible for Amazing Economy

 WANT TO LEARN WHO REALLY IS RESPONSIBLE FOR THE CURRENT THRIVING ECONOMY

Watch the video below and you will see a masterful job by Chairman of the Council of Economic Advisers Kevin Hassett educate the liberal White House press as to when and where and who and why the economy is doing so well today. Unemployment is at 3.8%, we have had record low unemployment for Africa-Americans and Hispanics. Millions of jobs being created including manufacturing ones who Obama said would never return. Business and consumer confidence is up. Last quarters GDP was 4.2%. The DOW hit yet another record high today of 26,743.50, up 86.52.

Kevin Hassett goes through chart after chart showing the trend lines that distinctly indicate during who’s presidency the amazing gains have been made. Please watch. What is rather ironic is Obama is taking credit for things in the economy that he claimed would never happen again. President Trump has reversed many of the economy killing regulations.

Hey Barack Obama, you didn’t build it!

Remember when Obama mocked Donald Trump prior to the 2016 elections, stating the jobs were not coming back and how could he make such claims come true. Remember when Obama stated, what does he have a magic wand? It would appear he did Barack. It just goes to show just how clueless Obama was in the economy and job creation.

Jobless Claims Fall to Lowest in Nearly 49 Years Since 1969

MORE AMAZING ECONOMIC NEW BROUGHT TO YOU BY THE TRUMP ECONOMY

As reported at CNBC, the number of Americans filing for unemployment benefits fell last week, hitting near a 49-year low of 201,000. That is the lowest level since November 1969. The rate of layoffs in the U.S. have been declining for years and are now near the lowest levels in half a century.

This is why you elected Donald Trump president. He can only continue the amazing economy with a Republican, and more so Conservative Republican House and Senate.

donald_trump_-_make_america_great_again

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.

Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is the lowest level since November 1969. Data for the prior week’s claims was unrevised.

Economists polled by Reuters had forecast claims rising to 210,000 in the latest week.

The Labor Department said only claims for Hawaii were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, declined by 2,250 to 205,750 last week, the lowest level since December 1969.

America, wake up. Under President Donald J. Trump we have not seen these finds of economic numbers in half a century. This is historic. Unemployment benefit claims at record lows, black unemployment at record lows, Hispanic unemployment at record lows, a current unheard of 3.9% unemployment rate, 4.2% GDP last quarter and consumer and business optimism is through the roof. Trump has renegotiated NAFTA with Mexico for a better US deal and is about to do the same with Canada.

A note to Republicans, Independents and blue color, hard working Democrats … this is what you wanted! This is why you elected Donald Trump in 2016. Look what he has made possible in less than 2 years. If you want all this to come crashing down then by all means put the Democrats back in control in the House and Senate and watch the collapse of the economy. It is up to you to continue to Make America Great Again.

← Previous PageNext Page →

Support Scared Monkeys! make a donation.

 
 
  • NEWS (breaking news alerts or news tips)
  • Red (comments)
  • Dugga (technical issues)
  • Dana (radio show comments)
  • Klaasend (blog and forum issues)
 
 
 
 
 
 
 
Close
E-mail It