There’s essentially five candidates being discussed for Federal Reserve Chair: •Stanford University economist, John Taylor; •current Chair, Janet Yellen; •economic adviser, Gary Cohn; •former Fed Governor, Kevin Warsh; and the most likely pick •Federal Reserve Governor Jerome Powell.
More than likely two candidates from this group of five will be selected; one for Federal Reserve Chair and one for the currently open Vice-Chair.  WATCH:

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MAGAnomics is a generally common sense approach toward achieving dynamic growth in the U.S. economy.  Left-leaning economic experts (most of them) are gnashing their teeth as the America-First MAGAnomic principles are paying YUGE initial dividends.
Reuters News is forced to painfully publish the positive numbers; yet they talk down the economy despite the reality.  Again, using the Reuters information we’ll dig into the economic news, and deconstruct their dismissive ideologically-driven narrative.

WASHINGTON (Reuters) – The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

♦First, “unexpectedly”. Yeah, it’s always ‘unexpected’ when the results run counter to the preferred outcome.  Notice, “inventory investment”, that’s parseltongue verbiage to describe manufacturing and production infrastructure investment.  It’s not just “inventory” as in “unsold products”, what’s happening is companies are investing in growth and building out production capacity.  The “inventory” is actually equipment (being purchased) and operational infrastructure (being built), two measured GDP values.
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On Tuesday of this week the Senate voted, narrowly, to strike down a CFPB banking rule that was set to begin in 2019.  The CFPB (Consumer Financial Protection Bureau), is the watchdog financial agency created by Congress in the aftermath of the mortgage mess.
The CFPB rule, five years in the making, would have allowed individual and class action lawsuits against financial institutions by consumers and lawyers instead of arbitration to settle disputes.  The Democrats and those who supported the rule framed the arguments around protecting consumers from predatory banks. However, those against the rule pointed out the cost to smaller banks, community banks and credit unions.
Big banks and multinational financial enterprises (ie. The Big Club) can afford massive groups of lawyers to defend their interests; smaller community banks and credit unions cannot afford such litigious costs.  The K-Street lobbyists were against the regulatory rule as a natural outcome of their general disposition toward regulation.  However, K-Street was specifically ambivalent to the final senate vote because increased systemic regulation supports their competitive ability to dominate the U.S. financial system.

Richard Condray is the head of the Consumer Financial Protection Bureau and was appointed in 2012 to a five year term by President Obama.  Condray is anticipated to step down soon and run for Ohio governor.  President Trump will appoint his replacement and will likely appoint someone who is focused on protecting consumers but also understands the important need to expand capital investment into Main Street USA.

President Trump’s political opposition will frame any appointee as a person likely to remove regulation; thus will continue their political argument that POTUS Trump is removing all of the regulatory “progress” installed by President Obama. However, those who have followed the goals and objectives of President Trump and Secretary Mnuchin will note the administration regulatory goals are inherently different from all prior approaches.

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President Trump arrives in Dallas, Texas, to get a briefing on ongoing hurricane recovery efforts and attend two republican party functions.  After an initial greeting by Texas Governor Greg Abbott, POTUS Trump goes to meet the crowd.
A very enthusiastic group of Gen-Zer’s greets President Trump with a sign: “We Played Hooky to High-Five Our President“. Of course POTUS Trump couldn’t resist:

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The President arrived in Dallas, TX, (3:10pm) for a briefing on hurricane recovery efforts (3:30pm – Video Below). The President then participated in a roundtable with Republican National Committee (RNC) supporters (4:30pm). In the evening, the President will give remarks at a Dallas Trump victory reception (5:20pm). The President will then depart Dallas (6:25pm), TX for Washington D.C., en route to the White House (10pm).
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Today the Crown Prince of Saudi Arabia, Mohammad bin Salman Al Saud, son of King Salman, ally to U.S. President Trump, guardian of the Holy Mosques, delivered remarks during a conference on investment that stunned the regional geopolitical world.
Of course for most CTH readers, who understood the larger dynamic behind Trump and T-Rex’s sword dancing diplomacy, this doesn’t come as a surprise. However, for the larger U.S. electorate, perhaps they will begin to understand the positive consequences downstream from President Trump’s regional policy.
The scale of consequence was clearly evident in the expression of Maria Bartiromo.

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Five months ago we discussed the significance of the pageantry and scale of the royal reception for President Trump and the U.S. delegation.  Specifically how the structure of the trip was reflective of much more than a singular presidential visit to a nation and region of geo-strategic importance.
The word “reset” is frequent amid media reporting of the Saudi trip but few people have followed the recent regional history to thoroughly understand what exactly is being reset.
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“MAGAnomics” is about gaining serious economic benefits for the middle-class; the “Trump Doctrine” is about securing the national security interests of the U.S. through economic leverage and economic partnerships; put them together and you have Boeing Airline Manufacturer signing a deal with Singapore Airlines worth almost $14 billion and providing 70,000 U.S. Jobs.
During the diplomatic White House visit between Singapore Prime Minister Lee Hsien Loong and U.S. President Donald Trump the leaders of Boeing and Singapore Airlines signed the deal. Watch:

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But wait, there’s a strategic aspect to this deal.  In the background, and generally invisible to an oblivious U.S. media, you’ll note the Trump administration (Treasury Secretary Mnuchin and Secretary of State Tillerson) are  on the verge of quashing a deal between Boeing and Iran.
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The White House shares that President Donald Trump called Japanese Prime Minister Shinzo Abe Sunday to congratulate him on his overwhelming victory. PM Abe had called a snap election and his ruling coalition won a clear majority with more than two-thirds of the Japanese parliament’s 465 seats.

President Donald J. Trump spoke yesterday with Prime Minister Shinzo Abe of Japan to congratulate him on his recent electoral victory. The two leaders underscored the importance of a free and open Indo-Pacific region, and a strong United States-Japan alliance. President Trump reaffirmed his desire to continue working closely with Prime Minister Abe, and said he looks forward to visiting Japan in early November. (link)

Prime Minister Abe is a key strategic ally in the region from a national security and economic perspective. As Secretary of State Rex Tillerson outlined extensively last week, the regional Indo-Pacific alliances are repositioning strategically against both the direct threat of the DPRK and the influence of China.
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Office of Managements and Budget (OMB) Director Mick Mulvaney appears on Fox News Sunday to discuss the ongoing tax reform plan with princess Bush-Perino.

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OMB Director Mulvaney also appeared on CBS Face The Nation (see below).
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The business decision of the NFL to isolate and ridicule well over half of their fan (customer) base will easily, very easily, go down in history as the most stunningly stupid decision in the history of any American business enterprise.
The vast majority of NFL fans held a middle-class, center-right, common sense, and patriotic outlook toward sports and entertainment overall.  In essence most of the NFL fan base are/were positively MAGA-minded.
It reflects the profound disconnect between the corporation and their customer base that the NFL didn’t recognize the danger in making social justice causes part of their business enterprise.  That blame lays squarely on the well paid leader of the NFL, Roger Goodell.

So, against the backdrop of increasingly empty stadiums on Sunday, it just doesn’t come as a surprise to see a report of Roger Goodell possibly not having his contract renewed yet:

(Via ESPN) The debate over NFL player protests during the national anthem has become so big within the league that it has delayed the completion of commissioner Roger Goodell’s contract extension, league sources told ESPN.

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In the summer of 2016 a band of British Misfits delivered Brexit, the largest single event to push back against the growing infection of multinationalism and globalism created by multinational corporations and multinational banks.   Credit where Credit is Due:

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Then, of course, not to be outdone, after all – WE ARE AMERICANS, the MAGA movement stunned the geopolitical world and elected Donald J Trump as President of the United States.
A month later, December 2016, freedom loving Italians said “Arriverderci Renzi“… the EU nationalist movement was unmistakably rising.  By 2017 the globalists were panicked at the visibility of the peasants and retreated to France and Germany.
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