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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. ....
We re going to go live to wall street because that is the opening bell you are hearing. it has been quite a week, quite a month for traders, and nothing is calming down at all. so i want to bring in cnbc s leslie picker, an old friend of mine who joins me now. my goodness, down 247 in the last 10 seconds. yet another red day on the screen. it s really coming off weak economic data from china, europe, china reporting industrial output, that lagged economists expectations. same is due with data out of europe, pmi indicated a slow down over there. you start to hear a chorus of economists, looking at the potential for the next recession, some saying next year, the year after or two ....