S&P 500, Nasdaq Surge to Record Highs, DOW Up 250+ as US and Mexico Strike Trade Deal

ANOTHER WIN FOR PRESIDENT DONALD J. TRUMP AND AMERICA …

The Trump administration and Mexico have negotiated a new trade deal to replace NAFTA and the markets are gaining in a huge way. Candidate Trump promised during the 2016 presidential campaign that he would end NAFTA and replace it with a better deal for America and American workers. He has done it! And the markets loved it and surged on the news. The S&P 500 gained 0.8% to close at 2,896.74, a record high. The Nasdaq Composite climbed 0.9% to an all-time high, breaking above 8,000 points for the first time. The Dow Jones Industrial Average rose 259.29 points to 26,049.64.

Stocks jumped on Monday as the United States and Mexico closed a new trade deal, potentially removing a source of uncertainty that had been plaguing investors for months.

The S&P 500 gained 0.8 percent to close at 2,896.74 — a record high — with materials and financials as the best-performing sectors. The Nasdaq Composite climbed 0.9 percent to an all-time high, breaking above 8,000 points for the first time, as Facebook, Amazon, Netflix and Alphabet rose. Tech’s gains led the Nasdaq to close at 8,017.90.

The Dow Jones Industrial Average rose 259.29 points to 26,049.64 as Caterpillar outperformed. Monday also marked the first time since Feb. 1 that the Dow closed above 26,000.

“The market has been buffeted with a lot of headwinds lately, and the biggest one is trade,” said Art Hogan, chief market strategist at B. Riley FBR. “If you were to take trade out of the picture, you would have a smoother ride higher in this market.”

President Donald Trump said the deal would be called The United States-Mexico Trade agreement, leaving behind the 24-year-old NAFTA name. “The name NAFTA has a bad connotation because the United States was hurt very badly by NAFTA,” he said. Trump added that the deal with Mexico is also very helpful for farmers and manufacturers. U.S. Trade Representative Robert Lighthizer said the deal must be approved by Congress before being implemented.

Posted August 28, 2018 by
Economy, Jobs, Main, Mexico, United States | 2 comments

LOL, Even Nancy Pelosi Admits Trump’s USA-Mexico Border Wall is Huge … “This is like a big wall.” (VIDEO)

THIS IS LIKE A BIG WALL … AND THAT IS WHY DONALD TRUMP WAS ELECTED P[RESIDENT!!!

It would appear to Democrat House Minority Leader Nancy Pelosi that size matters. She was taken aback by the size of President Donald Trump's border wall prototypes. While stammering through her words Pelosi said, "I mean, really? […] This is like a big wall.”

Keep talking Nancy …

Pelosi went on to mock the wall and call it ‘obnoxious.’ She stated that it was a big wall separating people. Separating people, huh? A note to the open borders Leftist Pelosi, it is a wall separating the border of two sovereign countries, where one of the countries people can’t seem to stay on their side. But yet there was no comment from Nancy Pelosi when Barack Obama raised the height of the fence around the White House by 5 feet. The Secret Service said that the ‘Current fence simply is not adequate for a modern era.’ So what is the difference with the fence at the U.S- Mexico border? It is obviously not adequate either.  But of course that is different.

“First of all, I think the border– did you see it? How high it is … I mean, really?
In a civilized society, we do something like that. As obnoxious as it is– You know,
that’s a community there with a border running through it. Okay, we have a difference of opinion that,
but a wall that big separating people? I mean really?”

House Minority Leader Nancy Pelosi says border wall prototypes displayed for President Trump this week lack the hallmarks of a “civilized society.”

The old saying “good walls make good neighbors” was seemingly rejected by the California Democrat on Thursday during her weekly press conference. A question regarding a possible deal on “Dreamers” prompted Mrs. Pelosi to bristle at border wall prototypes recently shared with Mr. Trump in San Diego.

“The border — did you see it — how high it is?” she asked. “I mean, really? In a civilized society, we do something like that. As obnoxious as it is, you know that’s a community there with a border running through it. Okay, we have a difference of opinion on that, but a wall that big separating people? I mean, really? […] This is like a big wall.”

Illegal Alien Andres Avelino Anduaga From Mexico Used Fake Identity For 37 Years to Steal $361,000 in Government Benefits

IT ONLY TOOK THE FEDERAL GOVERNMENT 37 YEARS TO EXPOSE THE CRIME

More from the illegals that are in the United States to do the jobs that Americans are not willing to do. For 37 years Andres Avelino Anduaga who has been in the United States illegally has been defrauding the American tax payers. Andres Avelino Anduaga plead guilty in San Diego federal court on Thursday that he assumed the fake identity of a Texas resident named Abraham Riojos in 1980 after obtaining a fraudulent birth certificate, and then successfully applied for a California driver’s license, Social Security number and passport. From 1989 to 2016 this illegal admitted he received around $361,000 in benefits. WTF!!!

From FOX News:

Andres Avelino Anduaga, 66 – who hails from Tijuana, Mexico – admitted in San Diego federal court on Thursday that he assumed the fake identity of a Texas resident named Abraham Riojos in 1980 after obtaining a fraudulent birth certificate, and then successfully applied for a California driver’s license, Social Security number and passport.

From 1989 to 2016, according to the plea agreement, he received around $361,000 in benefits — which included Medi-Cal, food stamps and Supplemental Security Income benefits.

The fake identity also enabled Anduaga – identified as an illegal immigrant and repeat felon – to go back-and-forth without restriction between Mexico and the United States, which he was alleged to have been doing multiple times per week.

“The programs that this defendant stole from – for decades – provide benefits to America’s most needy. This prosecution demonstrates the commitment of the United States Attorney’s Office to protecting the integrity of our welfare programs and punishing those who prey on the goodwill of our nation and its taxpayers,” stated U.S Attorney Adam Braverman.

Sen. Ted Cruz Introduces “EL CHAPO Act” to Pay for the Us-Mexico Wall

THIS IS ONE WAY FOR MEXICO TO PAY FOR THE WALL …

Senator Ted Cruz (R-TX) has introduced a bill called the “El Chapo act” that would use the seized assets from Mexican drug lords like El Chapo to help pay for the border wall between Mexico and the United States. The acronym for the act stands for: Ensuring Lawful Collection of Hidden Assets to Provide Order. It would seem like a very effective use of such assets.

el chapo

  • The idea: U.S. prosecutors are seeking $14 billion in drug profits and other assets from El Chapo. They also routinely seize the assets of other drug dealers and traffickers.
  • The Cruz quote: “Fourteen billion dollars will go a long way toward building a wall that will keep Americans safe and hinder the illegal flow of drugs, weapons, and individuals across our southern border.”
  • The acronym’s meaning: Ensuring Lawful Collection of Hidden Assets to Provide Order
  • Why it matters: President Trump is trying to figure out how to pay for his border wall, which will require American taxpayers to front the bill, but Republicans aren’t helping at the moment.

Heraclio Osorio-Arellanes, Suspected Killer in Border Patrol Agent Brian Terry’s Murder Arrested

SUSPECTED MURDERER OF BORDER PATROL AGENT BRIAN TERRY ARRESTED

As reported at FOX News, Heraclio Osorio-Arellanes, the drug cartel member suspected of shooting and murdering U.S.  Border Patrol agent Brian Terry in 2010 has been arrested. The low-life was apprehended at a ranch on the border of the Mexican states of Sinaloa and Chihuahua by a joint U.S.-Mexico law enforcement task force that included the Drug Enforcement Administration, U.S. Marshals and the Border Patrol Tactical Unit. The murder of Brian Terry on December 14, 2010 in a gunfight between Border Patrol agents and members of a five-man cartel “rip crew,” is what exposed “Operation Fast and Furious,” a Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) operation under the Barack Obama administration in which the federal government allowed criminals to buy guns in Phoenix-area shops.

BRIAN-TERRY

The cartel member suspected of shooting and killing Border Patrol agent Brian Terry in 2010 with a gun supplied by the U.S. government was arrested in Mexico Wednesday, senior law enforcement, Border Patrol, and congressional sources told Fox News.

The suspect, Heraclio Osorio-Arellanes, was apprehended by a joint U.S.-Mexico law enforcement task force that included the Drug Enforcement Administration, U.S. Marshals and the Border Patrol Tactical Unit (BORTAC).

A $250,000 reward had been sought for information leading to the arrest of Osorio-Arellanes, who was captured at a ranch on the border of the Mexican states of Sinaloa and Chihuahua. U.S. authorities have said they will seek his extradition.

Terry was killed on Dec. 14, 2010 in a gunfight between Border Patrol agents and members of a five-man cartel “rip crew,” which regularly patrolled the desert along the U.S.-Mexico border looking for drug dealers to rob.

But of course as the liberal MSM and the Obama mouthpieces will tell you, there were no scandals during the Barack Hussein Obama presidency. As Legal Insurrection states, “FINALLY. After seven long years, authorities have arrested the man suspected of pulling the trigger and murdering Border Patrol Agent Brian Terry in December 2010″.

The agent’s death exposed Operation Fast and Furious, a Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) operation in which the federal government allowed criminals to buy guns in Phoenix-area shops with the intention of tracking them once they made their way into Mexico. But the agency lost track of more than 1,400 of the 2,000 guns they allowed smugglers to buy. Two of those guns were found at the scene of Terry’s killing.

The operation set off a political firestorm, and then-Attorney General Eric Holder was held in contempt of Congress after he refused to divulge documents for a congressional investigation.

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