Tonight President Donald J. Trump is holds a MAGA/KAG campaign rally at SNHU Arena in Manchester, NH.  The President is scheduled to speak at 7:00pm EST with pre-rally speakers and events ongoing.
UPDATE: Rally Video Added

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If you needed any empirical evidence to prove the doomsday proclamations by the financial pundits are false claims, just look at the July consumer spending results. July spending more than doubled expectations.
July results were +0.7 percent, against the economic forecast of +.03 percent.   Consumer spending makes up over two-thirds of the U.S. GDP and overall economy. Doesn’t exactly sound like Main Street is on the precipice of a recession. Oh my.

Average wage growth remains +3.5% year-over-year.  The growth of overall income for American workers exceeds +5.4 percent year-over-year.  Unemployment is a low 3.6% and U.S. consumer inflation remains low at 1.4 percent.  Meaning: the middle-class has more disposable income to save or SPEND; and that’s what is happening….

• Reminder #1: Consumer spending is two-thirds of the U.S. economy.
• Reminder #2: We consume more than 80 percent of our own production (products created in USA).  We do not rely on exports.
• Reminder #3: Because of #1 and #2, the “Main Street” U.S. economy is self sustaining -much stronger- and more protected from the negative impacts on the global economy.
• Reminder #4: Who/What is at risk from global contraction? The Wall Street economy (compromised primarily of multinationals).  What is not at risk, the Main St economy.
• Reminder #5:  Because of #3 and #4, Wall Street can drop while Main Street thrives.

This is the fundamental disconnect. These Main Street results, this dynamic, is the space between two economic engines that CTH has been describing for three years.  The investment class on Wall Street can go through pain, while the middle-class on Main Street thrive.  We are in the space between.
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Commerce Secretary Wilbur Ross appears (in studio) on CNBC to discuss the current state of the U.S. economy, the ongoing issues with communist China, the ‘next step’ trade tariffs and the situation in Hong Kong.

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A “negative yield curve“;  a pending “economic recession“.  These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today.  So let’s take a moment to discuss how stunningly -intentionally- disconnected they are.
Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall Street position, adverse to Main Street USA.
First the “negative yield curve” aspect; where long-term bond rates (returns on investment) are lower than short-term rates (returns).  As Reuters proclaims:

“A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling”…

I must admit, I actually started laughing out loud when I first read that proclamation. Allow me to introduce a radical concept in economics: “supply and demand” !
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White House trade and manufacturing policy advisor Peter Navarro appears on Fox News to discuss the status of the U.S-China trade negotiations and the reason for a USTR delay on some product tariffs.
Peter Navarro confirms what we noted from the office of USTR Robert Lighthizer yesterday.  On December 15th “the tariffs will go on.”   While the statement flies over the head of Stuart Varney, Navarro confirms the “next step” process that Lighthizer implied.

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More below
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Early on Tuesday United States Trade Representative Robert Lighthizer announced the modification of “next step” tariffs on Chinese products.  [See Here] “Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.”

President Trump responded to the delay/modification when questioned in New Jersey.  President Trump noted a “very productive” phone call between Lighthizer and Vice-Premier Liu He of China:

[Transcript Segment] – […] Q Why did you make the decision on the tariffs, to delay the implementation of the tariffs?
THE PRESIDENT: Only to help, I think, a lot of different groups of people. And we had a very good talk yesterday with China — a very, very productive call. I think they want to do something. I think they’d like to do something dramatic. I was not sure whether or not they wanted to wait until a Democrat has a chance to get in. Hopefully that’s not going to happen because the economy would go to hell in a handbasket very fast.

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Those who could not see this coming are those who just don’t pay attention to how President Trump operates the geopolitical influence of economics.  This is Trumpian.
U.S. President Donald Trump and British Prime Minister Boris Johnson are walking their respective trade teams through a process to deliver a U.S-U.K trade deal on the day after a no-deal Brexit is scheduled to happen October 31st.  An interim trade agreement that goes into effect November 1st 2019 is pure Donald Trump win/win deal-making.

President Trump supports the nationalistic position, purposes and intents of Brexit. PM Johnson has promised to deliver Brexit by the mandatory date of October 31st.  One of the benefits, and also concerns amid the political left in the U.K, surrounds the economic impacts.  President Trump and PM Johnson would counter all those concerns with the announcement of an agreement for an interim bilateral trade deal ahead of Brexit.
This strategic approach, a deal that delivers both the Brexit result and the economic stability to offset any Brexit downside concerns, was the original idea that President Trump proposed to Theresa May two years ago.

LONDON (Reuters) – Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday.

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The situation in Hong Kong is a geopolitical dynamic that will likely become much more volatile in the next few weeks, months and/or years.  One constant in an ever-changing universe is how the UniParty in DC will attempt to drag the U.S. into the issues.

First, Hong Kong is China.  Whether a generation of people look back with regret to the time when Great Britain ceded the territory to Beijing is irrelevant.  China has, and will have, full control over Hong Kong; and that’s the way it is.  This will not be reversed.
Any effort for the people within Hong Kong to reverse the situation and escape the clutches of oppressive communism while retaining their liberty will only lead to massive bloodshed.
Unfortunately for Hong Kong, as President Trump decouples the U.S. economy from the duplicitous communist Chinese enterprise, Beijing will grasp more control over the heavily Western-influenced economic strata in/around Hong Kong.
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Chopper pressers are the best pressers.  Earlier today President Trump delivered remarks and held and impromptu press conference from the airport in Morristown, NJ, prior to departing for Pennsylvania.  [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: The stock market continues to do very well. We have very, very strong numbers. We have a lot of artificial numbers from other countries because they’re all devaluing their currencies. They’re really doing things that aren’t very good for their countries, in my opinion. But, short term, it’s very good for their countries. Long term, possibly not.
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A U.S. District Judge has rejected the DOJ and FBI motion to block the release of the Archey Declarations (descriptions of Comey memos). [Background Here]
In a strongly worded ruling (full pdf below) released moments ago, Federal Judge James Boasberg blasted the DOJ and FBI for attempting to change their filings, claim national security “sources and methods”, and block his prior court ruling – which instructed the DOJ to release the “Archey Declarations”.  The judge is obviously angry:

It must strike readers as erroneous “with the force of a five-week-old, unrefrigerated dead fish.”…

[Backstory for those unfamilar] In the background of what was The Mueller Investigation, there was a FOIA case where the FBI was fighting to stop the release of the Comey memos.  Within that courtroom fight Mueller’s lead FBI agent David Archey wrote a series of declarations to the court describing the content of the memos and arguing why they should be kept classified.
The FOIA fight shifted; and the plaintiff, CNN, argued for public release of the content of the FBI agent’s descriptions, now known as the “Archey Declarations”.
After a lengthy back-and-forth legal contest, on June 7th Judge James E Boasberg agreed to allow the FBI to keep the Comey memo content hidden, but instructed the DOJ/FBI to release the content of the Archey Declarations.  On August 2nd the DOJ/FBI changed their position and claimed national security, “sources and methods” would be compromised by the release of the Archey Declarations.
Today Judge Boasberg completely rejected their argument:
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