Do not overlook the importance of President Donald Trump publicly calling out the largest DC lobbyist group, and epicenter of Big Club corruption earlier today.  During a widely discussed CNBC interview today President Trump landed two torpedoes directly below the waterline on the U.S. Chamber of Commerce.

The U.S. CoC is the largest influence purchaser in Washington DC, and the benefactor of dozens of the highest politicians in both the House and Senate.  The Wall Street funded CoC, and their President Tom Donohue, was already frustrated at their inability to influence President Trump and White House economic/trade policy.  President Trump is now confronting their self-serving politics directly.
The CoC is the lead U.S. member of the multinational ‘Big Club’, and has driven policies directly against Main Street USA for three decades.  Until now no modern U.S. President has ever been willing, or fearless enough, to take them on…. ‘until now’.  A few days ago the U.S. CoC threatened to sue President Trump over countervailing tariffs.
Today, President Trump hit back hard; this is an excellent development.
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Earlier today President Trump welcomed Indy-500 winning team Penske to the White House, along with winning driver Simon Pagenaud.  [Video and Transcript]

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[Transcript] THE PRESIDENT: Hi, everybody. (Applause.) Congratulations. (Applause.)
Thank you very much. It’s a great honor to introduce the winner of the Indianapolis 500, Simon Pagenaud. And he is an incredible racer. I happened to be watching that one because my friend is somewhat involved with racing. As you know, Roger Penske is — there’s never been anybody like him, I can really say.
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The Job Openings and Labor Turnover Summary, aka “JOLTS report“, lags behind monthly employment reports by a month as the ‘hires‘ and ‘quits‘ are contrast against available job openings.
In the latest JOLTS report we find evidence why the May employment numbers were less than expected. The data shows the economy is expanding; businesses are hiring; and the reason for lower new hires has nothing to do with an economic slow-down. In essence, the labor market is tight, very tight, and Main Street businesses are having a hard time finding qualified workers.

According to the BLS stats overall job hiring in April was 5.9 million. That’s the largest number of people hired in the history of the JOLTS record-keeping (started in 2000). There are 7.45 million current job openings and only 5.82 million workers identified as unemployed. That means there are 1.63 million more jobs than available workers.
This is a clear indication expanding economic conditions and a near ‘full-employment‘ position for the overall labor market. Additionally the quits rate is 2.3 percent, reflecting that workers are: (a) being recruited away from current employment to jump to other businesses; and (b) worker are confident about getting a job, and jumping into new jobs for higher wages/benefits. As a result, the strong ‘quits’ rate has historically been a precursor KPI for future wage growth stats.
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Today the House Judiciary Committee led by Chairman Jerry Nadler officially begins the House Impeachment Hearings.  Yes, these are impeachment hearings; they are just being presented under other names in an effort by Democrats to avoid the political fallout from holding impeachment hearings. They’ll get away with it because: (1) U.S. media are on their team; and (2) Leadership Republicans are idiots (and many also on the ‘D’ team).
The hearings will be broadcast live and -by design- carried on most media outlets. Speaker Nancy Pelosi and Chairman Jerry Nadler, having planned the approach for several months, name their impeachment kick-off event:

“Lessons from the Mueller Report: Presidential Obstruction and Other Crimes”

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[John Dean Testimonial embed below].
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Earlier this morning President Donald Trump called in to CNBC to discuss a variety of subjects including: the ongoing trade negotiations with China; the threat of tariffs on Mexico over illegal immigration; the federal reserve; the status of the economy; the duplicity of the U.S. Chamber of Commerce; collusion by democrats; the upcoming G20 summit in Japan, and much, much, more.
During the interview President Trump directly calls out the U.S. Chamber of Commerce for their anti-American position and self-interested advocacy for Wall Street multinational corporations. Additionally, President Trump pushes back against the claim that tariffs lead to higher U.S. prices, citing examples of China subsidizing their exports and low U.S. inflation.  Must Watch:

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(LOL… POTUS Trump chomping-at-the-bit to get tariffs on the EU.)

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Former White House China trade negotiator Clete Willems makes a rare appearance to discuss President Trump’s ongoing trade position with China; and the lessons they are learning from Trump’s severity with Mexico.
Fox News talking-hair Leland Vitter, a prime example of the axiom: “a little knowledge is dangerous”, tries his best to promote the preferred Murdoch points; however, Vitter finds himself struggling against the weight of the examples highlighted by Mr. Willems. Quite funny actually:

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Worth noting: President Trump spoke with Mexican President Andres Manuel Lopez-Obrador (AMLO) yesterday (See Tweets Below).
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Appearing on Fox News Sunday acting Homeland Security Secretary Kevin McAleenan discusses the approach by President Trump to impose import tariffs on Mexico if the administration of President Lopez-Obrador does not fulfill their pledge.
Along with outlining the Mexican agreement, McAleenan notes President Trump is absolutely willing to impose the tariffs on Mexico if there is no substantive and immediate improvement to stem the flow of Central American migrants.

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This interview is interesting from a few aspects.  First, Carter Page states he was a long-standing source of information for the intelligence apparatus, specifically for the CIA for decades.  Secondly, the framework by Page as outlined, and the underlying motive of the FBI to use him as an unwitting target for the FISA application, is essentially confirmation of our prior reconciled point on why the FBI exploited him.  [Watch]

It never made sense that U.S. Person Carter Page was an FBI witness from 2013 through to March/May 2016 and yet in October 2016, to achieve a FISA warrant, the FBI called him an agent of a foreign government.  [FISA APPLICATION]  It never made sense until with more information about the Mueller investigation we realized the FISA warrant was essentially irrelevant; what the Obama intel apparatus needed for their “insurance policy” was The Dossier.
Fusion GPS was not contracted in April 2016 to research Donald Trump. The intelligence community was already doing unlawful NSA-database surveillance and political spy operations. They already knew everything about the Trump campaign. The Obama intelligence community needed Fusion GPS to give them a plausible justification, an insurance policy of sorts, for pre-existing surveillance and spy operations.
Fusion-GPS fulfilled that contract by delivering the Steele Dossier.
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Fox News host Maria Bartiromo interviewed Mark Meadows earlier today on her Sunday morning show.  This is quite possibly the most revealing interview so far this year on the Obama ‘Spygate’ and surveillance investigation.  The interview is jam-packed with info.

Clapper and Brennan demanding protection for sources and methods, but at the same time they’re saying people weren’t spied on. … Well, you wouldn’t need to protect sources and methods if people in the Trump administration weren’t spied on.

The segment with Meadows begins at 18:37 [prompted, just hit play] and includes multiple new aspects including: •Weissmann/Mueller report collapsing under scrutiny. •New investigative documents likely mean criminal indictments. •New evidence of a “cover-up” within the FBI. •AG Bill Barr has firm disposition to provide accountability. •Expect significant delay in OIG Horowitz report (ie. Steele interview etc.). •FBI Papadopoulos covert recordings likely to be public. •Overall declassification delayed; likely no release prior to OIG report.
https://youtu.be/qCJa3MDqEaE?t=18m30s
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HPSCI ranking member Devin Nunes appears on Fox News with Judge Jeanine Pirro to discuss ongoing political issues.  During the interview Representative Nunes outlines the House hearings scheduled for next week.
The framework and purpose of this upcoming week is something we have outlined since January; democrats are forming the foundation for impeachment as a political tool.  The comments from Nunes about impeachment hearings begins at 05:00 [WATCH]

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As we discussed last week, all of this is by design. Nancy Pelosi and the House Democrats are structuring a contempt vote against U.S. Attorney General Bill Barr for next week, June 11th.   As part of the current construct, the Lawfare alliance of legal advisers and staff are writing specific language into the vote that will automatically allow more contempt votes against the Trump administration without hearings.
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