A little down time will happen here depends of can lift you right up. Course on the consumer. Consumer spending accounts for about 70 of Economic Activity flights, hotels, cars, in this country. Now, we heard from macys on activities, Vacation Rentals. Expedia. Wednesday, a bad mix for a lot everything you need to go. Of companyspecific reasons but the company also highlighted that tariffs are a concern. President trump i think sleepy it said consumers wont fare joe may be able to limp across well absorbing higher prices should that happen but then the finish line, but today, they walmart on thursday, a big beat. 20 consecutive quarters of sales announced that theyre going to gains the second round of tariff cut way back on his appearances, s though could hurt because he is such a disaster, walmart, but the way things stand at the moment theyre theyre going to have fewer doing okay. On friday, deere, farmers are appearances. You heard that, right . Theyre going to cut way back on holdi
Others avert their eyes after his latest round of controversial comments. I will talk to j. D. Shultz, who is challenging him for his congressional seat. First, at the end of last weeks show, the washington posts Philip Rucker made this prediction. Phil, what are you watching this week . The president is at bedminster, new jersey, all week. This is his summer vacation. When hes on vacation there he golfs, eats and watches a lot of television and unstructured time, which means controversies could emerge. Never doubt phil rucker. He was not wrong. President promoting baseless conspiracy theories. You think the clintons are involved in Jeffrey Epsteins death . I have no idea. I know he was on the plane 27 times. As the market was dropping, trump was on social media slamming the guy he appointed add Federal Reserve chairman. The rally in chmanchester apparently frustrated trump started throwing insults. That guy has a serious weight problem. Go home and exercise. The dueling protests takin
It is sunday, august 18th and the President Trump administrations immigration proposals are drawing criticism and accusations of hypocrisy. Poor immigrants will be denied permanent legal status if they are deemed likely to use government benefit programs. Really . Because i know of at least one immigrant lady who lives in really nice Public Housing and pretty much only works on christmas. With me this morning, tim obrian, the executive educator of broloomberg. Joining us, the author of a good provider is one who lives. That book is scheduled to be published on tuesday of this week. Jason is with us because he wrote one of those Stephen Miller profiles i mentioned at the top of the show. I want to begin with the trump administrations efforts to limit the number of immigrants coming to the u. S. Ken cuccinelli is the acting director of citizenship and immigration services. We certainly expect people of any income to be able to stand on their own two feet, and so if people are not able to
Is heeding that advice. Punch, counterpunch. New battles between trump and scaramucci, next. But rolling across the country, gun control rallies. Rallies are planned in every single state just two weeks after two Mass Shootings. That was two weeks ago today. Activists looking to keep momentum for Gun Legislation in the National Spotlight, hoping it wont fade as it has after other largescale shootings. Democrats now keeping pressure on congress and the president who, at the very least, expanded background checks for all gun sales. A new poll shows overwhelming support for that proposal. Just last week the president was backing background checks, but this week during a rally, the president instead focused on linking gun violence to mental health. Years ago many cities and states, i remember it so well, closed mental institutions for budgetary reasons. They let those people out onto the street. Were going to have to give major consideration to building new facilities for those in need. It
Once again continued to push back over growing concerns of a possible recession. The president and some of his aides spent the week trying to down play the worries. To return to the white house yesterday, the president was asked about the likelihood a recession could in fact be looming. I dont see a recession. I mean, the world is in a recession right now. And although thats a big statement. A lot of economists say we should be preparing for a recession. And no president is immune from a recession. Phil, honestly, im prepared for everything. I dont think were having a recession. Were doing tremendously well. Our consumers are rich. I gave a tremendous tax cut. Theyre loaded up with money. When you go in and analyze the curve, the curve always means about two years later, thats a long time, two years, but i dont think so. Interest rates, i think i could be helped out by the fed, but the fed doesnt like helping me too much. I sure dont see a recession. We had some block buster retail sal