A recap of the days headlines and a look at whats in store for tomorrow. Believe we will not had those kind of sustained numbers again the 2008 recession they say me did at antiquated jobs especially in manufacturing. Now replaced by automation and the industrialization of third world countries. New jobs are coming back and advanced manufacturing hence th need for retraining. Thats what fourth Generator Engine Manufacturer told the president in iowa on thursday. Hes got 150 employees and need a lot more. The jobs are out there, everybody is seeing they are busier than they dont know wha to do bird were so busy that weve got guys on mandatory overtime and their great guys, just want more of them. I saw a guy or waiting less at the said hes here are hiring. I think thats a good sign. Whether those gdp numbers ar sustainable may depend on whether employers like can fill those vacant jobs. One way to try to do that is by setting up expensive Job Retraining Programs made possible in part by
That was President Trump taking a victory lap on the news that the u. S. Economy grew at a robust rate at 4. 1 percent in the Second Quarter. The fastest pace in almost 4 years. Here with a look at whats behind that acceleration is chair of the White House Council of economic advisory. Nice to see you. 4. 1 percent. Economists predicted 4. 4, as you look at the details of the report. What do you like in it . It goes back to a piece i wrote a while back that Corporate Tax cuts would cause a Capital Spending boom. If you look at the average of the first half of the year, we got a Capital Spending boom in the average growth is 3. 1 percent. Its not often that economists can nail it that tightly and it showed its working exactly as we thought. Paul Capital Spending in the First Quarter was more robust than in the Second Quarter. Do you have an explanation for that . One of the things that happened is for Equipment Spending you were allowed to expense it retroactive to october. In the Fourt
David Gura hosts coverage of national and international news, including breaking stories. Change the narrative around this meeting. I want to step back and give us an understanding of how Michael Cohen was his confidant, his fixer, this relationship has turned dramatically here. Yes. Im most interested in how this plies with voters. Im seeing a parallel to what Rudy Giuliani said this summer. Michael cohen was honest with the utmost of credibility. I would hear the same thing from house sources in particular, today talking to people, what is kind of the read on your members after this week, ahead of midterms. They say, you know what, Michael Cohen has always had credibility issues, at this point swrees visavis the don junior
meeting until the Senate Committee subpoenas him to come back and testify once more, to say under oath that liz father did not know about this meeting. I dont see the political implications of this at this moment. We have seen this play out with flair and flourish
Coverage of national and international news, including breaking stories. Coverage of national and international news, including breaking stories. Stories here, who has more perceived credibility at this point . Its a tough call. What do you think . Well, thats a good question, i dont think either one of them does. President trump says things that are untrue all the time. He has about this very anecdote because the New York Times reported a year ago he helped create a false statement about this meeting. Don jr. Most likely told his father about this meeting, its not plausible that he wouldnt have. Michael cohen doesnt have credibility. Rudy giuliani doesnt have credibility. I think what this does, we dont know again if this is collusion, if collusion is a crime. If this is actually an impeachable offense. Well wait for mueller to figure this out. Whether or not there was a direct act that could be
translated from collusion to conspiracy. But i think what this does is, with Michael Cohen
The TrumpPutin relationship is examined. Russia. Putin has an untrammeled authority. I dont see any checks on his power. He is able to make singular, rapid decisions. The absolutism there is unlike anything ive ever seen in russia. All that power is propped up by an astonishing Approval Rating, over 80 . And thats according to american pollsters. Donald trump wins the presidency. But when the United States elected a new president , it looked like russia had fallen for a new leader. There were toasts all over moscow. At the parliament, known as the duma. On talk shows. And at bars. [ laughter ] we are the champions of the world but one man seemed utterly unsurprised by trumps victory. Hes happy to take credit. And that means that he won the u. S. Election. The man who is simultaneously president of russia and in charge of the United States. At the heart of all this are some deadly serious questions. Does Vladimir Putin have some kind of hold over donald trump . We simply dont know. But