White House Press Secretary Sarah Huckabee Sanders appears on Fox News to discuss the upcoming State of the Union address.

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The Chairman of the White House CEA Kevin Hassett appears on CNBC to discuss the strong January jobs report and economic indicators that were released last week.
Hassett is valuable, very valuable, because he is one of the few bean-counters who reviews current analysis through the prism of what is factually happening around him; as opposed to economic theory.  Because he accepts what I call ‘fluid-currentism‘ Hassett is one of the few analysts who (early on) started recognizing that under MAGAnomics (Main Street centric policy) inflation was no longer connected to the FED engagement.
To say acceptance of this ‘new dimension‘ puts Hassett on the cusp of leading economic review would be an understatement. Additionally, it makes his commentary exceptionally more valuable [listen to the segment at 02:50].  Hassett is pragmatic, positive, open to accepting all fact-based evidence, on point, and more importantly, accurate.

…”The booming economy is giving us the social justice that people want”… ~ Kevin Hassett

Unfortunately, most financial pundits are prone to talking down the strength of the U.S. economy. It’s maddening. They spend all day mining for coal nuggets while currently surrounded by diamonds.
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The heartbeat of MAGAnomics is Main Street USA.  Keeping in mind we have suffered through three decades of economic and financial policy that was specifically structured to the benefit of Wall Street (globalists) over Main Street (nationalism); back in 2015 and 2016 when Candidate Trump started to put specifics on his economic proposals we were able to map out some likely possibilities.

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All significant economic changes take years to fully mature.  However, because it was easy to identify where nationalist economic policy would run into conflict with the prior globalist data-trends, we were able to predict a series of economic disconnects.
The primary disconnect is where Main Street inflation, wage growth and GDP growth, would be disconnected from the Federal reserve monetary policy.  Any Fed action would impact Wall Street results (sad trombone); but the disconnect that was caused by 30-years of diminished Main Street value (U.S. investment went overseas), and would mean MAGAnomic policy would grow the internal U.S. economy regardless of the Fed action.
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Earlier today President Trump delivered extensive remarks on a variety of issues during a White House meeting to discuss border security and human trafficking.
The Trump administration sets the bar on government transparency by allowing media to review these ongoing policy discussions.  Additionally, President Trump answers all of the media questions on current events and issues of public interest.  WATCH:

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[Transcript] THE PRESIDENT: Well, thank you very much, everybody. We appreciate it. The jobs numbers just came out and we added 304,000 jobs, which was a shocker to a lot of people. It wasn’t a shocker to me. The country is doing really well. We have the strongest economy anywhere in the world, by far. And we’re the strongest nation in the world. So that was really good. But those numbers were very, very impressive.
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The Bureau of Labor Statistics (BLS) published the report on the January job growth and the financial media sat jaw agape as the economy gained a whopping 304,000 jobs despite the government shutdown. The doomsayer pundits are choking on a triple-scoop of winnamins.
Adding to the financial media apoplexy the wage growth in blue-collar workers far exceeded expectations, and the ISM data on manufacturing blew all consensus predictions out of the water… leading to the following ‘scorching’ headline from CNBC:

(Link to article)

Too funny.  Enjoy the following:

(Via CNBC) January’s super strong jobs report and a solid manufacturing survey on Friday showed that recession worries may be overblown and slowdown fears are not impacting corporate hiring or dampening manufacturers’ sentiment.
The economy added a surprising 304,000 new jobs in January, well above the 165,000 expected by economists. Wages grew by an annual 3.2 percent, and were even higher for nonmanagerial workers with a 0.4 percent monthly gain.

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Attendees for the Oval office meeting include: President Donald J. Trump; Mick Mulvaney, Acting White House Chief of Staff; John Bolton, National Security Advisor; Larry Kudlow, Director of the National Economic Council; Peter Navarro, Assistant to the President for Trade & Manufacturing Policy; Matt Pottinger, Deputy Assistant to the President and Senior Director for Asian Affairs; Clete Willems, Deputy Assistant to the President and Deputy Director of the National Economic Council.
U.S. Administration team members: Secretary Mike Pompeo, Department of State; Secretary Steven Mnuchin, Department of the Treasury; Secretary Wilbur Ross, Department of Commerce; Ambassador Bob Lighthizer, Office of the U.S. Trade Representative
Chinese Delegation: Liu He, Member of the Political Bureau of the Central Committee of the Communist Party of China and Vice Premier of the People’s Republic of China; Wang Shouwen, Vice Minister of Commerce of the People’s Republic of China.

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[Transcript] 3:43 P.M. EST – THE PRESIDENT: Thank you very much. It’s a great honor to have the Vice Premier of China with us, and also the Vice Minister of Trade of China. We have had long discussions. This has been going on for quite some time. It will be, by far, if it happens, the biggest deal ever made — not only the biggest trade deal ever made. It will be the biggest trade deal by far, but it’ll also be the biggest deal ever made. The two largest countries doing a trade deal. There won’t be anything that will match that. And we’ll see what happens.
We’ve done very well. We’ve had a very, very strong relationship, as my relationship is with President Xi.
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Giddy up.  Two days of intense trade discussions begin today in the Eisenhower building led by U.S. Trade Representative Robert Lighthizer and his Chinese counterpart Vice Premier Liu He. The stakes are high as the deadline for an agreement is March 2nd.
Ambassador Lighthizer is joined by Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin, and China’s arch nemesis, White House trade advisor Peter Navarro.

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Adding to the intensity, the United States just charged Chinese telecommunications company Huawei Technologies and its chief financial officer, Meng Wanzhou, with conspiring to violate U.S. sanctions on Iran by doing business through a subsidiary.  Ms. Meng was arrested in Canada at the request of the United States; her extradition has been requested by the Department of Justice.
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According to the DOJ announcement released today three companies: Huawei Technologies Co. Ltd., Huawei Device USA Inc. and Skycom Tech Co. Ltd. are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violations of the International Emergency Economic Powers Act (IEEPA) and conspiracy to violate IEEPA, and conspiracy to commit money laundering. Huawei and Huawei USA are charged with conspiracy to obstruct justice related to the grand jury investigation in the Eastern District of New York.
Additionally Ms. Meng Wanzhou is charged with bank fraud, wire fraud, and conspiracies to commit bank and wire fraud.  Acting U.S. Attorney General Matthew G. Whitaker, Secretary Kirstjen Nielsen of the U.S. Department of Homeland Security, Secretary Wilbur Ross of the U.S. Department of Commerce, U.S. Attorney Richard P. Donoghue for the Eastern District of New York, FBI Director Christopher A. Wray, Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Attorney General John C. Demers of the National Security Division, announced the charges:

Transcript of AAG Matt Whitaker announcement HERE.
Details of DOJ Indictment HERE.
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Venezuela dictator Nicolas Maduro has broken-off diplomatic relations with the U.S. and demanded all attache’s to return home.  However the top Venezuela military attache within the U.S. has now backed President Juan Guaido as the legitimate president and will remain in the U.S.

(Via Miami Herald) The military attaché at the Venezuelan Embassy in Washington, Col. José Luis Silva, broke with the Nicolás Maduro regime Saturday and urged other armed forces members to recognize Juan Guaidó as the legitimate interim president of the South American nation.

“As the Venezuelan defense attaché in the United States, I do not recognize Mr. Nicolás Maduro as president of Venezuela,” Silva told el Nuevo Herald in a telephone interview from Washington, D.C.

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President Donald Trump delivers remarks after the Senate failed to pass legislation to fund government and provide border security.  The president reiterates the need for the border wall/fence, and says Senate Leader Mitch McConnell is negotiating with Senate Minority Leader Chuck Schumer for an interim compromise.

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