During an interview with Fox Business Maria Bartiromo White House Trade and Manufacturing Advisor Peter Navarro outliness how the USPS, the postal system, has been heavily subsidizing “incoming mail of a number of countries to the tune of hundreds of million dollars a year.”  Navarro notes he is meeting with foreign ambassadors and representatives of the State Department at the Blair House in Washington, D.C., to work on changes to the current mail system.
Additionally, Navarro explained that he will be traveling to Geneva, Switzerland, on Sept. 23 for a third “Extraordinary Congress” and there will be two issues/options on the ballot: (1) allows all countries in the postal union to self-declare rates, ending a terminal dues system that costs countries to subsidize incoming mail. (2) A “multispeed approach,” allowing the U.S. to self-declare rates immediately.

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The European Central Bank (ECB) announced Thursday an indefinite supply of fresh asset purchases and deeper cuts to interest rates, into negative territory, as it tries to prop up the ailing euro zone economy.  These are EU financial counter-measures to the geopolitical trade realignment triggered by U.S. President Trump.
The EU is driving down the value of their currency in an effort to help prop-up the French and German economies that are dependent on exports.  In essence, the financial and economic positions of the EU and China are connected.  The more pressure the U.S. (Trump administration) puts on China, the less China can purchase from the EU.
With that as the backdrop, Treasury Secretary Steven Mnuchin holds an impromptu press conference outside the White House on China trade, Huawei and the bond market.

 

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A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class.
First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China would create massive inflation…. It Ain’t Happening!  Overall year-over-year inflation is hovering around 1.7 percent [Table-A BLS]; that’s a low inflation rate.  Rate has firmed up now with less month-over-month fluctuation, and the rate remains consistent.   [See Below]

A couple of important points.  First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative.  Lower energy prices help the worker economy, middle class and average American more than any other sector… Except ‘food at home’.
Which brings us to the second important point.  Notice how food prices have very low year-over-year inflation, 0.5 percent.  That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
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Fox News host Neil Cavuto is well known for broadcasting an hour long infomercial for the U.S. Chamber of Commerce and Wall Street daily.  White House manufacturing and trade advisor Peter Navarro interrupts Cavuto’s multinational talking points to explain a Pro-U.S. trade initiative that will help level the playing field.  Things go downhill….

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The supreme court has upheld President Trump’s immigration enforcement policy that denies asylum claims to migrants who travel through safe nations to reach the U.S.

(Via AP) […] The justices’ order late Wednesday undoes a lower-court ruling that had blocked the new asylum policy in some states along the southern border. The policy is meant to deny asylum to anyone who passes through another country on the way to the U.S. without seeking protection there. (more)

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Amid new reports of U.S. companies initiating a rapid exodus from China, President Trump has announced the delay of the next round of tariff increases on Chinese goods from October 1st to October 15th.

U.S. Company Survey – More than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions. That’s an increase of 6.9 percentage points from last year, the AmCham report said, noting that technology, hardware, software and services industries had the highest level of changes in investment destination (read more)

President Trump apparently senses the diminishing position of Chairman Xi.  The status quo, U.S. disinvestment, has put Beijing into a weakening position.  As the president noted today during remarks from the oval office, Xi’s belt-and-road (aka ‘bribe and loan’) supply chain program is collapsing.
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Earlier today President Trump and First Lady Melania Trump held a press availability in the Oval Office to outline concerns discovered with E-cigarettes and ‘vaping’.
Health and Human Services Secretary Alex Azar and FDA Acting Commissioner Dr. Sharpless were in attendance for explanations.  Additionally, the President took questions from the press pool.  [Video and Transcript]

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[Transcript] – THE PRESIDENT: Well, thank you very much. I just want to say that the First Lady and myself, we just came back from an incredible experience at the Pentagon. It was an incredible — really, a beautiful ceremony.
I was very honored, and I think I can definitely speak for the First Lady, to have partaken in a ceremony that was just so, so lovely, representing September 11th. Three thousand lives. And, if you think about it, that number really got, as you know, Alex, it got a lot higher than that, indirectly. Directly and indirectly, a lot of people. A lot of great people.
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Previously Michael Flynn’s attorney, Sidney Powell, had to file specific requests within their ‘motion to show cause for Brady discovery material‘ under seal.  After a DOJ review, and redaction of some names, the discovery motion is now unsealed by the court and available for review.

Cloud link to filing Here – SCRIBD link to filing here with embed below:

[scribd id=425448644 key=key-GTqHAbJDd64EwnTTHxSg mode=scroll]
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There are 40 bullet points outlining material sought by Michael Flynn. The request is extensive and connects to multiple aspects of the overall DOJ, FBI and intelligence community operations throughout 2016 and into 2017.  The government response to the Flynn motion is due to Judge Sullivan by September 24th at noon.
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The Chinese woman who tried to lie her way into Mar-a-Lago was found guilty today.  Previously, U.S. Magistrate Judge William Matthewman said: “It does appear to the court that Ms. Zhang was up to something nefarious when she unlawfully attempted to gain access to Mar-a-Lago”…

PALM BEACH, Fla. (CBS12) — A jury found a Chinese businesswoman guilty of lying to the Secret Service to sneak into President Trump’s Mar-a-Lago club.
Yujing Zhang represented herself at trial and claimed during opening statements she did nothing wrong.

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Earlier today President Trump delivered remarks during a Pentagon 911 observance ceremony. [Video and Transcript]

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[Transcript] THE PRESIDENT: Well, thank you very much, Secretary Esper. Today, our nation honors and mourns the nearly 3,000 lives that were stolen from us on September 11th, 2001. On these grounds, 184 people were murdered when al Qaeda terrorists overtook American Airlines Flight 77 and crashed it into the Pentagon.
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