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Gasoline products, manufacturing goods. that is because, global economy is doing pretty well peer the u.s. economy in particular, is doing well. jpmorgan just raised its estimate for gdp growth for the fourth quarter of this year to 5%. from 4%, which is a huge balance for an economy of $23 trillion. which is what ours is. you also have huge pent-up demand and consumers. you have something on the order of $2 trillion of excess savings as a result of the pandemic. people weren t buying things. they have a lot of household savings. they are going out and buying stuff. that is driving up costs for everything including travel and gasoline. arthel: i know what the experts say, but trust me, not everybody was able to save during this pandemic. just for the record. listen, you know that john bussey, two years ago former president trump wanted to buy more oil to stabilize ....
WPI Inflation hits Record High of 12 94 pc in May Costlier Fuel Manufacturing Goods and Low Base Effect are the Main Reasons jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.
Retail Inflation Reached a Six Month High in May, Food Prices Increased jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.
Production jobs we know a whole lot of plants actually closed at the end of july. that s going to be a lot weaker in august, and of course retail continued to decline. that s before the next round of tariffs we re seeing that will hit retailers directly. romans, let s talk about jobs and the trade war with china that just got a whole lot worse because the president is going to slap these extra tariffs on. we have the head of the u.s.-china business council saying they think this is going to hurt the chances of china coming back to the negotiating table. it s going to impact things like iphones and toys. it s going to impact end of the line manufacturing goods rights now. the white house has been i would say smart in an odd way for making sure they were not targeting things consumers can feel right in their grocery cart right away, so shoes, apparel, winter coats and consumer electronics. now they will feel that 10%. the president has more leverage, ....
On trade. not going to happen anymore. not going to happen. cnn s paula newton is joining me now from the new york stock exchange. now the question is, what is china going to do about this. if you re a farmer in iowa, you pretty much know what is going to happen because the rumors are that, it will hit the agriculture sector, most specifically there are other things on the list, though, things like manufacturing goods. the problem is the farmers are starting to see the relationship with their largest export market change and that s a problem. it is going to be interesting to see how this shakes out economically and politically. the president s statement this morning, kate, he said, look, if china retaliates, it said it will, we ll come back at this. that means game on, it is a trade war. now it is true that the president does see this as a negotiating tactic and believes that this will give the united states the upper hand. and really rectify what he sees as decades of missteps on ....