stock market, but whether you like him or not, that if something is done for those people in those areas, right? the economy looks like it might be on the edge of it. so when i don t know about that. you argue it is a good economy right now? it is a decent economy. neil: but if it were awful, you would be blaming him. the stock market is crazy. neil: that is the stock market. he threatens these crazy tariffs with china. if you would get off his high horse and a trade deal, maybe the stock market would be higher. neil: so rising during barack obama would you say the same? if it were rising during barack obama i would praise he s actually reaching out to build health care for all americans. neil: we are looking at record low employment for every key demographic in this country. let s hope that continues. neil: he can t do anything right in your eyes, can he? this homelessness that you brought up is an important issue for republicans and democrats to work together on.
and the washington post just put out new numbers about the president s approval rating. if we can put up p 11 right now. it has dropped pretty substantially. look at it now. wow. 38% approval rating in the abc news washington post poll was at 40% in july. those aren t good numbers for this white house. how do you think this is being received inside? well, i think it is mirroring what they are seeing themselves in their own data, and i think it is being met with disbelief by the president who as we saw over the last week has been lashing out at the washington post and a story by ashley parker and phil rucker that was describing the sort of lost summer where he didn t make any gains. he didn t try to build towards his re-election, and he got very angry about that story, and these numbers might remind you why because those numbers are reflective of what they are seeing themselves. this is a danger zone. look, it s going to matter when there s a binary, when it s him versus som
axios out with this big takeaway from a michigan focus group discussion with swing voters. quote, some swing voters here told us even though they hate president trump s behavior, they ll place more importance on the state of the economy and their personal financial situations when deciding how to vote in 2020. bill press, host of the bill press pod, amy holmes, former speechwriter for senator leader lauren fritz, and lauren. lauren, first to you. does this mean the president can get a pass on what he says from some swing voters as long as the economy looks like it does now? the president shouldn t get a pass for all the rhetoric, but i think he may get a pass. this is what you re hearing from swing voters in places like michigan, as the story suggested, but also other places on the rust belt, pennsylvania and ohio. a lot of people don t like the
trading that moved from china. but wall street needs a deal. i think he wants a deal, too, because he doesn t want a giant selloff of markets before a reelection. six months earlier he said he never wanted to see a rate cut. why would we in a booming economy. six hours from now, ray powell may do just that. it s unlikely but expect one this year or maybe two. the economy looks like it s running out of steam and there is a lot of pressure on him to do an insurance cut. not start a whole rate-cutting cycle, but cut rates a little because the inflation isn t there and he has room to do it and it might keep the economy growing for a little bit longer. the l.a. times has an article titled a devastating analysis of the tax cuts shows it has done virtually no economic good. the tariffs have increased prices way more than the tax cuts increased income.
neil: 4% or so on the dow. yeah, the markets that did the worse like your small caps or tech stocks reboundedded the most. almost perfect inverse correlation of those that got hit the hardest in the fourth quartered have reboundedded the most. you actually don t want to talk about it because it has nothing to do with it s a rebounded, right, and so we really want to focus on them what will happen on the market for the rest of the year because, okay, now we have undone the carnage of the fourth quarter. neil: what s going on now is the correction of what was last december, right? yes. neil: we don t know what s real. it s a rebounded with the reason. the economy looks like it was going into recession. interest rates were plunging, global economy weak, global economy still pretty weak and we are seeing better data, earnation, earnings, gdp, you