right now, the dollar has been trading in negative territory. slightly weaker this morning against both the pound and the euro. it s been up very slightly stronger against the yen in japan. the other thing we look at all the time is the oil price. although that s been steadily climbing most of the last month, we ve seen that dip more than 1% over the course of this morning. another story we ve been looking at over the course of the last 24 hours or so and something that may make some wall street traders sit up and pay attention, the wall street journal has run some analysis of the numbers, and they found that over the first six months of donald trump s presidency, wall street regulators have been a little more lenient when it comes to imposing penalties for financial irregularities. defense lawyers that tend to defend financial climbs when it comes to these kind of cases have told the newspaper, the wall street journal , that they have expected this much more to be done to more leni
welcome back. one of the largest suppliers of apple is supposedly opening a new multibillion dollar research development plant in michigan. south china morning post, paper in hong kong, first reported the move on sunday but the company put out a statement only confirming that they are are considering that investment in michigan. this comes just two weeks after president trump announced that fox con would be opening a $10 billion plant in wisconsin. the question is does this help the president in the key invu industrial states, the places he promised to bring back more jobs. susan, thanks for joining us. trump says i m bringing jobs back. some believed him, thought it was clans worth taking. been 30 years since a republican won out there. he pulled it off. what s your sense of this story? are there jobs involved here in i know we are getting conflicting reports in terms of
idea from the press conference to bringing it to completion. fox con, same deal. does he get credit yet? well, look, fox con also a couple years ago promised to build a plant in pennsylvania. it never got built. look, i m not going to criticize any job announcement that comes to the united states, but i d rather see a comprehensive job creation strategy out of this president instead of simply tweet shaming companies or taking credit for things that would have happened regardless. well, the risk in doing the jobs announcement thing is after the election president trump went to indianapolis to work out a deal with carrier to keep their plant open and nine months later carrier started laying off, what, a lot of its staff. what happened there? well, that s right. you know, there were large tax subsidies given from the state of indiana to carrier, but in the end that wasn t enough to keep the jobs here in the united states. we need to have a comprehensive manufacturing strategy that s
stock market and positive jobs report, president trump tweeted this, toyota and mazda will build a $1.6 billion joint production facility in the united states. will spend $10 billion on plants in wisconsin and consumer confidence is at a 16-year high. the government said employers added 209,000 jobs last month with the unemployment rate dropping ever so slightly. joining me now, former deputy labor secretary in the obama administration. good to see you. sounds like this is good news for the president, but i would bet a nickel you are going to tell me he doesn t deserve all the credit. look, it is a good jobs report. there were some weakness in manufacturing, construction, retail, but it s important to realize this continues a seven-year trend of job growth that began under president obama. and so, look, you know, i m always going to say good things about good job numbers, but the president has really done very little in the last six months to keep this job growth going. and we ve
that has a significant impact on long term growth even if you don t see it in the short term, i think it s baked into the cake, but i think when you look at interest rates have ticked up, consumer confidence is at an all-time, you know, soaring relatively higher than it was in 2007, and the stock market s up 25%. those are people looking forward into the future seeing more growth than they were going to see under a clinton administration. i mean, that s austin, there seems there s there s no doubt in the president s mind as to the level of credit he deserves. take a look correct. look at the tweets recently sent on this subject. fox con spending up to $10 billion, in wisconsin, consumer confidence, a 16-year high. 3% gdp. excellent job numbers. many jobs stifle regulations continuing to fall. does he not have a point in some of what he s arguing, austin? no, obviously, he doesn t