income. what we ve seen is wages are gone up. now, the problem in the last year or to so, six, nine months or so has been the trade policy uncertainty, in my view. and i know larry kudlow doesn t want to admit this, but i think it s affected investment, and that has got us back down to 2% growth. the question is now will it bump back up to 2.5 or maybe even 3. i think it would definitely drive it back up. i mean, the thing that was so surprising, every month the jobs reports come out not as strong as a year ago but, nonetheless, still exceeding economists expectations. it is an extraordinary phenomenon. paul: well, and people are coming off the sidelines. you know, people who had decided it s easier to work than take government benefits better. still ahead, the supreme court hears oral arguments in one of its biggest cases of the term with the justices weighing president trump s authority to end obama era protections for so-called dreamers.
income. what we ve seen is wages are gone up. now, the problem in the last year or to so, six, nine months or so has been the trade policy uncertainty, in my view. and i know larry kudlow doesn t want to admit this, but i think it s affected investment, and that has got us back down to 2% growth. the question is now will it bump back up to 2.5 or maybe even 3. i think it would definitely drive it back up. i mean, the thing that was so surprising, every month the jobs reports come out not as strong as a year ago but, nonetheless, still exceeding economists expectations. it is an extraordinary phenomenon. paul: well, and people are coming off the sidelines. you know, people who had decided it s easier to work than take government benefits better. still ahead, the supreme court hears oral arguments in one of its biggest cases of the term with the justices weighing president trump s authority to end obama era protections for so-called dreamers.
nobody would have believed. this was the worst hoax in the history of our country. and a lot of people say that the phony deal on impeachment where i have a perfect conversation, perfect, with the president of ukraine, and they re using that to impeach one of the most successful presidents, we re going to hit another stock market high. we have the best jobs reports, we have the best unemployment numbers, we have the best employment. more people working today in the united states than ever before. i ve rebuilt the military. we re strong. we just did a great thing in syria where we re getting our troops out. we took over oil. a lot of great things are happening in this country. i will say this. if anything ever happened with this phony witch hunt that the democrats are doing, the do nothing democrats, i really believe that you would have a recession-depression, the likes of which this country hasn t seen. now, a strong statement was made by a very highly respected man
a couple things. on the china front i feel like we live in a yo-yo on this thing. trade talks are on, off, trump is tweeting, not tweeting. markets are going to go up on the latest but not be any different than they were two years ago. on the economy i agree a slight pullback in manufacturing and some less capital expenditures by business is not necessarily nightmarish for the economy. what i worry about and we look at in the jobs report coming out friday is are we ratcheting down in the number of jobs but is the work week getting shorter? the work week got shorter in july. if it gets shorter again in august that means employers are increasingly worried about recession coming. they re worried about the impact of the trade war, not asking workers to work as much. usually when we see a shorter work week the next thing we see are smaller jobs reports, less consumer spending. if you take that pillar out, manufacturing declining, cap kp declining, and the consumer declining, that is reces
pictures right now of hong kong and some breaking news there. you see thousands of protesters have packed the streets. this is the scene in downtown hong kong. this is an area that obviously is central to the hong kong economy. it s a very busy thorough fair. you see the protests starting to move into more central locations in the city. the ninth week in a row that demonstrators are speaking out against the government. on monday protesters are also calling for a strike. right now things look calm. still relatively situation there and bring you updates as we go through the next hour. so we re the roller coaster ride prompted by the president s tweets. wall street finishing out the worst week in months with the dow and nasdaq and s&p 500 all ending in the red yesterday. it comes after the u.s. trade battle with china intensified. and as jobs reports was pretty