insider. happy new year. good to see you. happy new year. so let me begin with you, does the president deserve credit for this jobs report? i think so. i mean it s 312,000 just this month. but they also revised back to two months before which raised it another 60,000. which is a pretty amazing number. now one month is not the end of the world. it s not the beginning. but it is better than a bad month, let me put it that way. and i think the last 12, 13 months have been very good for the president. lynette, december was the worst month on wall street since the great depression. but we saw a huge rebound. the dow has surged 1,641 points. since christmas eve. what do you make of this kind of volatility? you know, what i make of it is that this is an economy that only donald trump can ruin. and he s doing his best to do that. in one way that he is doing that, is by continuing on with his trade war in china, and creating a lot of uncertainty
Detailed text transcripts for TV channel - CNN - 20190105:19:32:15
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december. wall streets wants certainty and there are a ton of questions about slowing growth, trade tensions and rising interest rates and political uncertainty. the fundamentals of the economy are strong. there is know one more trading day left and as investors get ready to close the books on the year, volatility is expected to continue in the new year as investors stay on edge about economic and political uncertainty. back to you. thanks, allison. a lot of people would love to see stocks bounce back, but perhaps it s the man in the oval office that has the most invested politically and financially. president trump was an enthusiastic cheerleader until the slump. now he is waiting with the rest of us to see what s happening next. steven moore is a senior economics analyst at the heritage foundation and trump economic adviser. lynette lopez, correspondent for
trump is going to make it worse is what i m saying. the bad messaging from his administration. let s go back and forth here. she makes the point that the president s own words and even threats against the chairman made what is a nervous market perhaps even more nervous. what do you think? a couple of things. i don t know what country lynette is talking about, but we averaged 200,000 jobs a month for the past year. that s a powerful job market. we have seven million more jobs today than we had workers to fill them. then why is steve mnuchin calling the plunge team from his lounger in mexico or wherever he is having a tropical drink over his vacation. we are acting like it s an emergency situation. you can t have it both ways. let me answer that question. you are right. the stock market has been on a slide now for three months. it is worrisome. it started when the fed started
the u.s. economy is roaring. the latest numbers show it grew at 4.1% in the spring, that s the biggest growth spurt since 2014. combine that with a near 18-year low in unemployment, factory orders on the rise and a surge in exports, and that gave president trump a chance to pat himself on the back. we ve turned it all around. once again, we are the economic envy of the entire world. we ve accomplished an economic turn around of historic proportions. all right, some economists say that bump may be temporary as farmers rush to ship products before new trade tariffs from china kick in. i want to bring in stephen moore, a cnn senior economics analyst and a former trump economics adviser and lynette lopez, a senior finance correspondent. lynette, how much credit should
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