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.
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.
DOW 26,656 AND CLIMBING …
Today the DOW closed at 26,656 for a new all-time high. The previous record was set in January 2018 at 26,616. Simply amazing! Yesterday the DOW reaches its 100th all time high since candidate Trump was elected President. The DOW is up almost 8800 points since Trump was elected. You might want to remember this bit of good news and what it has done for the economy and your 401k’s before you cast a vote in this November’s midterm elections. Its up to the American people if you want Anti-Trump, Resistance Democrats to control the power in the House of Representatives and Senate and watch all these economic gains come crashing down.
The Dow Jones Industrial Average closed at a record high on Thursday, its 100th record close since Election Day 2016. The stock market index has been propelled higher by economic optimism and tax reform, which have boosted companies’ earnings.
The S&P 500 closed at a record for the 89th time Thursday since the election, and numerous S&P 500 component stocks set records. Shares of companies in various sectors of the economy set records on Thursday, evidence that the strong economy is benefiting many industries.
Remember when Donald Trump was elected on 11/4/2016 the DOW was 17,888 and down some 700 points. All of the LEFT know-nothings, Never-Trumpers and Left-wing media pundits said Trump would crash the economy and the stock markets. The same know-nothings and Leftist hacks said Trump’s tariffs would crash the economy and stock markets. They could never have been more wrong.
U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory.
Where are the major benchmarks trading?
The Dow Jones Industrial Average DJIA, +0.15% rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 SPX, +0.15% gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index COMP, -0.11% which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25.
Warren Buffett’s Annual Letter Says Berkshire Hathaway Received $29 Billion From New GOP-Trump Tax Code
BUFFET FOR AGAINST IT, BEFORE HE WAS FOR IT …
Warren Buffett, Chairman and CEO of Berkshire Hathaway, stated in his annual letter to Berkshire Hathaway investors that Berkshire Hathaway (BRKB) made a $65.3 billion net gain in 2017, but only $36 billion came from Berkshire’s operations and his brilliance. The other $29 billion came from the Republican-Trump tax cuts. Namely, the reduction in corporate tax rates. Imagine that 55.4% of Berkshire’s net gains came from Buffet’s efforts while 44.6% came from Trump and the Republicans. This from the man who backed Hillary Clinton and condemned the Trump policies on taxes. Oops, looks like the so-called Wizard of Omaha got that one 100% wrong. Every right thinking person without a political bias knew Trump was going to be good for the economy. Even the likes of Warren Buffet were wrong and tainted by their liberal bias.
It would appear that Donald Trump trumped Buffett.
Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 billion came from Berkshire’s operations.”
The rest was a gift from the new U.S. tax code.
“A large portion of our gain did not come from anything we accomplished at Berkshire,” he wrote, adding that about $29 billion of that $65.3 billion gain came from changes to the tax law.
Buffett went on to extol Berkshire’s investing methods. Careful decisions and an aversion to debt and speculation has gotten the firm this far — and that’s the course it’ll stay on, he said.
But remember when Warren Buffet was against the Trump Tax plan? I am certain the Berkshire Hathaway investors are glad Trump went against the wishes of the individual they put all their trust in with their investments. I wonder who the investors of Berkshire Hathaway feel that the individual in charge of their investments cared more about politics than he did his fiduciary responsibility to their monies?
President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.
With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class Americans, Buffett and BlackRock Chief Executive Larry Fink suggested in separate interviews that the corporate rate may not have to be cut as deeply as proposed.
“We have a lot of businesses… I don’t think any of them are non-competitive in the world because of the corporate tax rate,” Buffett, thechairmanand CEO of Berkshire Hathaway, told CNBC.
MAKING AMERICA GREAT AGAIN …
A recent Fox News poll shows that the President Donald Trump economy is being rated positively by voters at its highest rate in nearly two decades. The economic policies that Trump has put in place are working. 40% of Americans stated that the Trump administration has made the economy better. Jobs are being created, the stock market is at record highs, unemployment is down, black unemployment at historic lows, businesses are giving employees bonuses due to the Trump tax cuts and most Americans have not even begun to see the benefits of the Trump tax cuts.
A Fox News Poll conducted at the end of President Trump’s first year in the White House finds more voters rate the economy positively today than have in nearly two decades.
And they give the White House credit for that: nearly twice as many say the Trump administration has made the economy better than made it worse: 40 percent vs. 22 percent. One-third says the administration has not made a difference (34 percent).
Approval of the job the president is doing on the economy is above 50 percent for the first time.