have when it comes to job creation? trish, there s no doubt that there s something starting to happen that we haven t seen during the slow growth obama years or prior to the election. that s the a wakening of the animal spirits. you sound like j.p. morgan s ceo. it is what is so necessary, trish. if we re going to grow this economy, we re starting to see that animal spirit in today s stronger than expected jobs report. year starting to see the wage growth, which is what we need to focus on. we re seeing it in consumer confidence. so i agree with you. there s a lot of good news on the horizon. people are feeling better and you can see it in consumer sentiment and indexes. bloomberg comfort index. it all points to a positive direction. the question is, how much of this is a result of president trump? sure. look, when you look at the election day moving forward, there s no doubt sentiment has changed. businesses feel more optimistic
concerns. the trump rally is still intact. the dow jones has gained 13% since election daybreaking through the 20,000 and 21,000 marks. today the markets flat line consolidated gains on digesting news on multiple fronts. as you say, trish, we re ending in the green on a friday afternoon. good stuff. how about that? thanks, gerrge thanks,gerri? so is this boost in jobs the respect of president trump? the president has awakened america s animal spirit. the president hasn t lifted a finger to create jobs some say. larry, good to see you. if you ask me, i think someone like nancy pelosi is terrified that trump might get some credit. how much responsibility does the president of the united states
with that off the table. they build factories and create jobs. it s the argument a lot of investors are putting their money in the stock market which is why we re talking about dow 20,000. also not an argument those companies are going to do great things with that money but they re more likely to spend it. there s examples where corporate taxes have been cut and it hasn t created that growth. so the so-called animal spirit, the unleashing of entrepreneurial spirit, it s an entangible. it s a thing in the air that makes you think you should be in america and investing. that s what donald trump is trying to capture and bottle. donald trump sure likes that perception becoming a reality. you know we re going to get a lot of twitter problem for this conversation. just sharing other people s views here. when don t you get a lot of twitter problem. pay to play, team trump pushing back on new questions surrounding charity donations and access to the president and his family right a
we have two schools of thought. the ray dalio school of thought is this concept of animal spirit, something that is intangible, in the air, something that says let me start the business, that is something that donald trump is going to encourage in his administration. there s another school of thought that says regardless of the regulations that are in place to keep workers safe and the environment safe and prevent lawsuits and things like that, america forges ahead anyway. here in silicon valley animal spirits mean less to you. you live in animal spirits. elon musk wants to build a highway to mars and be buried there. he doesn t care about regulations. he was beloved by the white house. right. in order to forge ahead like america has for all of its history you have to get government entirely out of the way, make smaller government, venerate those who are the most successful. this is what donald trump believes. he kept saying this in his campaign, we re going to get 4, 5, 6% econo
the trump bump. look at the feeling. look at the animal spirit in america. look at the return of a feeling that we can achieve or we have a shot at starting a business. those are the things. you want to talk about job growth, how about job loss by small businesses. more failing, less started. now with trump we ll see what happens. what about that side of it, richard, this idea that we re seeing a rally, the dow hitting 20,000. small businesses getting excited about what a trump presidency might mean for their bottom lines? isn t that a form of hope? i think, listen, don t get me wrong, i said at the beginning and i said in my talking points that i sent over to the producers. here s the thing. 50% of america who likes donald trump. 50% of america who doesn t like donald trump. what this election shows us is that our country is divided. you don t need talking points to see that talk to the american people and figure that out. now, what we what donald trump has got to do over the ne