great barrier reef, about the extraordinary heat, hot summers that australia was going through seemed like a slam dunk. when people had the opportunity to get in there and think about it, they seemed with the status quo. australia hasn t had a recession in almost 30 years. people did not want to upset that applecart. brian: a lot easier running for election when it s re-election. added benefit of the incumbency. it helps a lot. some of that is going to be negated by the personality in this case. even nut last election there was some of these economic models suggested that president trump should have won by a much larger margin. again, you know, his constant war with the media. never going to report any of this stuff. they are not going to talk about. you will never see a headline record amount of jobs opening. never see a headline record unemployment numbers. never see a headline strongest wage growth in a decade. you will never see the
down. people are starting to read the notes. dissect the news. it brings up election lent point if you follow the logic out zombie trading has very little to do with economic reality. very good point. you look at the economy and say hey, you have got unemployment low since 169, 7.1 million jobs opening. yes, they are starting to see a slowdown in the housing market. but there is all of these positive signs. so why is the market reacting this way? again, the market is not always the exact same thing as the economy. it s not the economy, flight it trails. so part of that people have to remember you will see a difference. you have a lot of jittery investors this entire month because of the instability. tariffs, what is the fed going to do in 2019? will they continue to tighten interest rates? less money supply in the market makes it harder to trade stocks and bonds. will the earnings growth continue into 2019 and the list goes on.
bill: tough stuff for those people. thank you, mike. 93 minutes we re trying to slow it down. charles payne making money. the economy ain t slowing down. market rallied 130 points while the show was on yesterday. we re a calling it the cp effect. bill: are you going to claim that? we ll be watching at 2:00 to see what happens with the cp effect. sandra: you have to own it on the way down, too, charles. the president tweeted a couple of times. one time quoting you. his most recent tweet in this. incredible number just out. 7 million 36,000 jobs opening. it is all working. stock market up big. strock profits. we re number one in world by
he has been in office. if you look at that trend it s not quite as much enough to reach the president aids promise of 25 million jobs created in 10 years. we theed to see an average of 208,000 each month. the unemployment rate falling to 4.3% at a 16-year low. something interesting going on in the labor market, seeing a ton of jobs opening. but employers are having a hard time filling them. the sort of what s happening because of that is we re not seeing wages accept rate when you think you would. when employers want to hire people, usually raise wages. only seeing them up 2.5% compared to last year. that is the one sticking point. what the proceeds s focused on perhaps most is mining jobs, coal jobs. obviously in west virginia. that s some jobs being added. what we saw in h julys with
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