Author Topic: Trump prosperity update  (Read 35182 times)

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Offline Katsrdelicious

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Re: Trump prosperity update
« Reply #1050 on: January 14, 2019, 08:47:31 AM »
Unless you are brain dead, and I believe you are, big pharma knows it cannot control or cash in on cannibis  or hemp oil cures because people can basically make it themselves at home.
They are making billions by keeping people addicted to opioid drugs and relying on chemo, even though they know it kills people. They don’t want a cure. A cure would mean certain death for them.
List me among the brain dead. People will continue to develop cancer with or without a cure. Pharmaceutical companies would cash in big if they were to develop a cure. A cure is not the same as a vaccine.

Online Calypso Jones

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Re: Trump prosperity update
« Reply #1051 on: January 14, 2019, 11:00:49 AM »
pharmaceutical companies will not develop a cure for cancer unless they can charge exorbitant rates for it.    It may be, I don't know for sure, that there is a cure for cancer, but it is not profitable to provide it to anyone but the elites.  How else do you explain the long life and relatively good health of these rats in congress.  Look at Carter.  That hank Johnson. He has Hep C and that would account for a little bit of his cluelessness. he thinks he's cured. LOLOL

Online Hollybaere

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Re: Trump prosperity update
« Reply #1052 on: January 14, 2019, 09:25:05 PM »
List me among the brain dead. People will continue to develop cancer with or without a cure. Pharmaceutical companies would cash in big if they were to develop a cure. A cure is not the same as a vaccine.


Read here:  http://urhealthinfo.com/2018/12/01/cannabis-kills-all-types-of-cancer-cells-that-science-has-tested-so-far/
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Online Mornac

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Re: Trump prosperity update
« Reply #1053 on: January 24, 2019, 04:42:51 PM »
U.S. labor market remains strong, economy slowing

Lucia Mutikani
24 Jan 2019

WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.

Still, labor market conditions remain strong, which for now should help to temper fears of a sharp slowdown in economic growth. Other data on Thursday showed a gauge of future U.S. economic activity fell in December.

The economy is facing several headwinds, including a bitter U.S. trade dispute with China and a month-long partial shutdown of the federal government, which are hurting consumer and business confidence. Higher interest rates, fading fiscal stimulus and cooling global economies are also seen crimping domestic growth.

“If you’re looking for good news on the economy, look no further than the labor market,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan. “Growth may be slowing, but the overall picture for workers and those seeking work remains quite positive.”

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 199,000 for the week ended Jan. 19, the lowest level since mid-November in 1969 when 197,000 applications were recorded, the Labor Department said.

Economists polled by Reuters had forecast claims rising to 220,000 in the latest week. The Labor Department said claims for California, Kansas, North Dakota, Virginia, West Virginia and Hawaii were estimated last week because of Monday’s Martin Luther King holiday.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 5,500 to 215,000 last week.

About one-quarter of federal agencies have been shuttered since Dec. 22, impacting 800,000 government employees, with many working without pay and others furloughed. All workers will be paid retroactively when the shutdown ends.

But economists expect the longest shutdown in history will push the unemployment rate above 4.0 percent in January as the furloughed workers would be considered unemployed.

The jobless rate rose two-tenths of a percentage point to 3.9 percent in December as strong labor market conditions attracted some unemployed people back into the labor force.

Stocks on Wall Street were trading mixed after U.S. Commerce Secretary Wilbur Ross said Washington and Beijing were a long way from resolving their trade dispute. The dollar was stronger against a basket of currencies, while prices of U.S. Treasuries rose.

DATA VACUUM
Thursday’s claims report showed the number of people receiving benefits after an initial week of aid decreased 24,000 to 1.71 million for the week ended Jan. 12. The so-called continuing claims data covered the week of the household survey from which January’s unemployment rate will be calculated.

Continuing claims rose 5,000 between the December and January survey periods. If there were no government shutdown, the modest gain between the survey weeks would suggest little change in the unemployment rate this month.

The number of federal workers filing for jobless benefits rose 14,965 to 25,419 in the week ending Jan. 12.

President Donald Trump is demanding $5.7 billion to build a wall along the U.S. border with Mexico. Democratic lawmakers have refused to provide the funding for the wall.

The Commerce Department is one of the agencies whose funding has lapsed as a result of the deadlock in Washington.

The publishing of data produced by the department’s Bureau of Economic Analysis and Census Bureau has been suspended, leaving economists, investors, businesses and policymakers in the dark about the economy’s health.

The limited data available from independent institutions, including the Federal Reserve suggests the economy slowed in the fourth quarter and continued to lose momentum in early 2019.

In a separate report on Thursday, the Conference Board said its leading indicator slipped 0.1 percent in December after gaining 0.2 percent in November. It said the moderation suggested “that the economy could decelerate towards 2 percent growth by the end of 2019.”

The report adds to recent data showing home resales plummeting in December and consumer sentiment tumbling to more than a two-year low in January. Some regional Fed manufacturing surveys have weakened in January.

While a third report on Thursday from data firm IHS Markit showed factory activity firming in early January, growth in the services sector slowed. Economists estimate the government shutdown is subtracting at least two-tenths of a percentage point from quarterly GDP growth every week.

“Although three-quarters of the government is funded for the fiscal year, delays in government contracts for the remaining unfunded agencies could hurt private contractors,” said Maria Cosma, an economist at Moody’s Analytics in West Chester, Pennsylvania.

Some Wall Street banks, including JPMorgan and Barclays, have slashed their first-quarter GDP growth forecasts to as low as a 2.0 percent annualized rate from as high as a 3.0 percent pace. Growth estimates for the fourth quarter are around a 2.8 percent rate. The economy grew at a 3.4 percent pace in the July-September quarter.

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Online Mornac

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Re: Trump prosperity update
« Reply #1054 on: February 01, 2019, 09:15:35 PM »
Payrolls surge by 304,000, smashing estimates despite government shutdown

FEB 1 2019
Jeff Cox

- Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000, the Labor Department says.

- Economists surveyed by Dow Jones had expected payrolls to rise by 170,000.

- There were revisions. December’s big initially reported gain of 312,000 was knocked all the way down to 222,000, while November’s rose from 176,000 to 196,000.

- The unemployment rate ticked higher to 4 percent, a level where it had last been in June, a likely effect of the shutdown, according to the department.

Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000 despite a partial government shutdown that was the longest in history, the Labor Department reported Friday.

The unemployment rate ticked higher to 4 percent, a level where it had last been in June, a likely effect of the shutdown, according to the department. However, officials said federal workers generally were counted as employed during the period because they received pay during the survey week of Jan. 12. On balance, federal government employment actually rose by 1,000.

Economists surveyed by Dow Jones had expected payrolls to rise by 170,000 and the unemployment rate to hold steady at 3.9 percent.

In all, it was a powerful performance at a time when economists increasingly have said they expect growth to slow in 2019. January marked 100 months in a row of positive job creation, by far the longest streak on record.

Stock futures and Treasury yields jumped in response to the better-than-expected report.

The news was not all good, though, as data revisions pushed previous numbers lower.

December’s big initially reported gain of 312,000 was knocked all the way down to 222,000, while November’s rose from 176,000 to 196,000. On net, that took the two months down by 70,000, bringing the three-month average to 241,000. That’s still well above the trend that would be common this far into an economic expansion dating back 9½ years.

For the full year of 2018, the average monthly gain was 223,000.

“Certainly, the economy has slowed, and that will undoubtedly be apparent in other data in the coming weeks. Still, the jobs market remains a bright spot,” Jim Baird, chief investment officer for Plante Moran Financial Advisors, said in a note. “Employers are still hiring at a strong pace. That’s good news for the consumer sector, and ultimately good news for the economy.”

A separate measure of unemployment that takes into account discouraged workers and those holding part-time positions for economic reasons jumped to 8.1 percent from 7.6 percent, with the January reading being around where it was in January 2018.

Among individual groups, the unemployment rate for Hispanics jumped to 4.9 percent from 4.4 percent in December. The rate for African-Americans rose to 6.8 percent from 6.6 percent while Asians saw a decline to 3.1 percent from 3.3 percent. The rate for whites was 3.5 percent, a notch higher than December’s 3.4 percent.

Muted wage growth
The job creation saw muted wage growth, with average hourly earnings rising just 3 cents on the month, or 0.1 percent, well below the 0.3 percent expected gain. On a year-over-year basis, though, that still amounted to a 3.2 percent increase, consistent with the past few months and around the highest levels of the recovery.

A Bureau of Labor Statistics official estimated that the shutdown had “no discernable impacts” on the ability to make estimates, though there was some effect on the numbers otherwise.

The most notable came in the count of those working part-time for economic reasons, often referred to as the underemployed. That total jumped nearly 11 percent to 5.1 million.

The household survey’s level of unemployed increased by 241,000, or nearly 4 percent, to 6.5 million, helping to push the unemployment rate higher. The survey’s level of those counted as employed tumbled by 251,000 to 156.7 million. The department uses its establishment survey, which contacts businesses, to formulate the headline monthly job gains.

Multiple sectors helped contribute to the spike in job creation. Services rose by 224,000 and goods-producing industries increased by 72,000.

Leisure and hospitality added 74,000 positions, with the biggest gain coming in bars and restaurants, which rose by 37,000. Construction saw a gain of 52,000, bringing its 12-month total to 338,000.

Elsewhere, health care contributed 42,000, bringing its yearly gain to 368,000. Transportation and warehousing added 27,000 and retail grew by 21,000 following a year where the sector showed a total gain of just 26,000.

Professional and business services were up 30,000 and manufacturing increased by 13,000, bringing that sector’s 12-month total to 261,000.

The average work week remained at 34.5 hours. The labor force participation rate held steady at 63.1 percent while those counted as not in the labor force fell by 639,000 to just over 95 million.

The department also released its full-year revisions, which it does each January. In total, the changes added 36,000 to the count for all of 2018. Revisions to the labor force count saw the civilian noninstitutional population fall by 800,000 and the civilian labor force decrease by 506,000.

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Offline hurricanehook

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Re: Trump prosperity update
« Reply #1055 on: February 02, 2019, 12:07:12 AM »
Remember, this is because:
Ocasio-Cortez said, "Unemployment is low because everyone has two jobs.
absolutely nothing will be found. there is nothing to be found.

Offline DougR¡ch

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Re: Trump prosperity update
« Reply #1056 on: February 02, 2019, 10:00:44 AM »
List me among the brain dead. People will continue to develop cancer with or without a cure. Pharmaceutical companies would cash in big if they were to develop a cure. A cure is not the same as a vaccine.

You're not brain dead. There is no cure for cancer. There are over 100 types of cancer. Some respond well to treatement, while others do not. A cure has been defined as surviving 5 years without recurrence. If you get lung cancer or malignant melanoma, you're in trouble. Pay no attention to the nonsense you've read here in other posts.   
"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction."  - E.F. Schumacher

Online Mornac

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Re: Trump prosperity update
« Reply #1057 on: February 02, 2019, 02:34:27 PM »
You're not brain dead. There is no cure for cancer. There are over 100 types of cancer. Some respond well to treatement, while others do not. A cure has been defined as surviving 5 years without recurrence.
--Mark your calendars.

Offline hurricanehook

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Re: Trump prosperity update
« Reply #1058 on: February 02, 2019, 09:04:15 PM »
--Mark your calendars.
That would be fantastic.
Medical Science is advancing exponentially.
If you could live another 20 years,
imagine the advances in medical science.
You might be able to download your brain
into a cyborg.
I would be a newsrake poster...forever.
You are welcome, Pepsi.
absolutely nothing will be found. there is nothing to be found.

Online Mornac

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Re: Trump prosperity update
« Reply #1059 on: February 02, 2019, 10:09:50 PM »
I would be a newsrake poster...forever.
--You sure you'd wanna got that route, hook? It means you'd be spending eternity with dalibrul.

Offline hurricanehook

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Re: Trump prosperity update
« Reply #1060 on: February 03, 2019, 12:40:44 AM »
--You sure you'd wanna got that route, hook? It means you'd be spending eternity with dalibrul.
Not to worry, Mornac.
dalibrul and libass don't have brains.
absolutely nothing will be found. there is nothing to be found.

Offline DougR¡ch

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Re: Trump prosperity update
« Reply #1061 on: February 03, 2019, 10:01:13 AM »
--Mark your calendars.

Of course, you need not concern yourself with cancer, as you are insured and you have prayer.

--Hope has nothing to do with it. Prayer does, however, and I'm fully capable of applying that.

--I'm insured.
"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction."  - E.F. Schumacher

Online Mornac

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Re: Trump prosperity update
« Reply #1062 on: February 03, 2019, 02:17:01 PM »
Of course, you need not concern yourself with cancer, as you are insured and you have prayer.
--I thought you were speaking about it as a problem for society as a whole. While that may not be a concern for you, it certainly is for me. And I've seen enough people die from it to that it's a nasty way to go. All of the insurance and prayers a person can muster won't change that.

Online Mornac

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Re: Trump prosperity update
« Reply #1063 on: February 15, 2019, 09:38:39 PM »
Dow jumps nearly 450 points, clinches 8th straight weekly gain

Fred Imbert
Michael Sheetz
Feb 15, 2019

Stocks surged on Friday amid increasing hopes for a U.S.-China trade deal as equities posted another solid weekly gain.

The Dow Jones Industrial Average jumped 443.86 points to 25,883.25 as J.P. Morgan Chase and Goldman Sachs outperformed. The S&P 500 gained 1.1 percent to close at 2,775.60, led by the energy and industrials sectors. The Nasdaq Composite advanced 0.6 percent to end the day at 7,472.41.

Energy shares were boosted by higher oil prices. West Texas Intermediate futures rose 2.2 percent to $55.59 per barrel.

Bank stocks also rose broadly. The SPDR S&P Bank ETF (KBE) climbed 2.25 percent. Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citigroup and Bank of America each advanced 2.54 percent or more.

The 30-stock Dow's eight-week winning streak is its longest since the one ending Nov. 3, 2017. The Nasdaq also posted its eighth consecutive weekly gain. The S&P 500, meanwhile, closed its seventh weekly gain in eight. The indexes rose at least 2.4 percent each this week.



"The market is just getting rational again and simply rebounding from an irrational sell-off last fall," said Craig Callahan, president at Icon Funds. He said the market was brought down late last year by fears of a Chinese economic hard landing, worries that a slowdown in China could spread around the world and concern over tighter Federal Reserve monetary policy.

"We think this is just those fears subsiding and the market being rational again," said Callahan. "The China trade talks are helping with the first one."

Chinese President Xi Jinping said trade talks between the U.S. and China will continue next week in Washington. This comes after a U.S. trade delegation led by Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer was in Beijing this week.

China and the U.S. are trying to strike a trade deal before an early March deadline. If a deal is not reached by then, additional U.S. tariffs on Chinese goods could take effect. President Donald Trump, however, is considering pushing back the deadline by 60 days to give negotiators more time to come up with a deal.

"If there is a resolution, you've got a lot of market participants who are anticipating a big pop-up. That's why we continue to see money into the equity market as well," said Daniel Deming, managing director at KKM Financial.

The moves Friday come after the Dow and S&P 500 fell on much weaker-than-forecast retail sales numbers. Data from the Commerce Department showed U.S. retail sales contracted by 1.2 percent in December, the largest monthly fall since September 2009.

On the data front Friday, industrial production for January fell 0.6 percent. Economists, however, expected an increase of 0.3 percent. Consumer sentiment data for February, meanwhile, topped expectations.

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