Hard hitting global and local news
The Brexit party was supposed to win the Peterborough by-election. Instead, Labour won. But that’s the wrong takeaway.
Let’s take a look at how China sees the escalation of the trade war as described by the Xinhua News…
Theresa May officially stepped down as Tory party leader today. She remains as caretaker Prime Minister.
The BLS revised away 75,000 jobs in April and May. The discrepancy between jobs and employment is still massive.
Jobs missed expectations by a mile but were well above the ADP forecast of +27,000. Revisions took the gain away.
Delusional Remainers believe Tories will rally around Gove, Hunt, or Javid. Forget about it.
A few weeks ago I created a video anticipating the moment Powell would embrace rate-cutting bubbles as standard policy.
FedEx just announced deliveries 7 days a week. Amazon shoots for 30-minute drone deliveries.
The overall picture is one of weakening trade. Year-over-year, the trade deficit is up 2.0%. Trump won’t be pleased.
Fitch downgraded Mexico to BBB, one step above junk. In related news regarding Mexico, let’s investigate Trump lies.