The Bureau of Labor Statistics (BLS) provides the May jobs report.  Top line job gains were moderate at 75,000 and the unemployment rate holds steady at 3.6%.  However wage growth of 3.1%, and a monthly shift of 299,000 jobs from part-time to full-time reflects tight labor market in specific Main Street (blue and white collar) jobs.
The overall gain of 75,000 for May is low considering the economic growth. However, a review of the underlying data tells a story of a tightened labor pool; specifically inside the Main Street, middle-class, blue and white collar labor market.  [Table B-1]

Overall wage growth of 3.1% is very strong, and driven primarily by increased wages in “non-supervisory” payroll; ie. the actual workers (non mgmt). May was the 10th straight month with annual wage gains of at least 3 percent. Wages for non-supervisory workers continue to rise at a faster rate of 3.4 percent.
With inflation remaining low (1.4%); and assuming inflation is unchanged in May; the 3.4% non-supervisory wage growth, at current wage rates, is equivalent to nearly $900 per year in real wage growth for a blue-collar worker at 40 hours per week. [Table B-8]
We see the second large indicator of a tight Main Street labor market in the shift from part-time to full-time employment:
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During brief press remarks following a USMCA speech in Pennsylvania, Vice President Mike Pence outlined the current status of “talks” between the U.S. and Mexican officials.
The vice-president affirms several times that President Trump is “firm in his position” to see Mexico step-up and do more to stop the mass migration of illegal aliens from Central America.  If you think about it, against the context of the USMCA, the Trump position to confront Mexico is absolutely the right approach.
Mexico wants the USMCA trade agreement, and they want to be united with the U.S. and Canada on trade and collaborative economic benefits.  However, simultaneously Mexico has repeatedly said it will not join the “Safe Third Country” agreement held by the United States and Canada, where asylum seekers must apply for refuge in whichever country they first arrive in, as each is considered safe.

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[It’s worth noting that Pence is likely under a lot of pressure from Tom Donohue and his friends within the U.S. Chamber of Commerce. Pence deserves credit for standing up to his traditional tribe.]
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Following the D-Day anniversary memorial, President Trump and First Lady Melania traveled to Caen, France for a bilateral meeting with French President Emmanuel Macron. Prior to the meeting the leaders held a press availability [Video and Transcript].

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[Transcript] PRESIDENT MACRON: I will say a few words in English, and I will repeat them exactly what I say. And I wanted first to thank you, President Donald Trump, for your presence here in this place. And thanks to your country, your nation, and your veterans.
This morning, we paid this tribute to their courage. And I think it was a great moment to celebrate, and celebrate these people.
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When President Trump began confronting China on trade practices, there was always a likely totalitarian Chinese response. The inevitable response when confronting the duplicitous dragon is always an attack; it’s the only way Beijing knows how to respond.

Last week Beijing threatened to take action against any corporation who would be perceived as working against the interests of the state.  This week communist Beijing begins doing exactly that:

(SCMP) China’s antitrust regulator slapped a US$23.6 million fine on Ford Motor Company’s Chinese venture for restricting sales prices in its hometown, taking the second such action against US carmakers in three years as trade tensions deteriorated between the world’s two largest economies.

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Let’s be clear about a few things regarding “carbon taxes”.  First, the system of taxing carbon emissions, also known as “cap-n-trade”, has absolutely nothing to do with climate change.  Second a “carbon tax” is the holy grail for the totalitarian globalist world view.
The concept of a tax on carbon emissions was developed inside the same financial network of multinational monetary interests that control the current global trade system.  Powerful financial interests directly connected to The World Bank (WB), International Monetary Fund (IMF) and World Trade Organization (WTO), together with global banking interests connected to Wall Street and all international stock-trading systems, were the first to put together a “cap-n-trade” proposal after the financial collapse in 2008.

The basis of a carbon tax, which is the foundational element of a cap-n-trade system, is based on the same model(s) used by multinational banks within the global trade markets.
The cap-n-trade system, is a financial scheme; an actual trading system where global leaders (IMF) would determine the equity of energy that should be proportioned to each person around the world.
From that global determination, an average of sorts, any excess use of energy by any individual or entity would lead to a payment, a tax, into a global trade market.  The scale of the money involved -tens of trillions- is why a cap-n-trade system is the ‘holy grail’ to control human behavior.
In reality the system, as proposed, works to redistribute individual wealth in the same manner that exifiltration of wealth works in commodity and durable goods trading.  If the global energy footprint per person is an allowance of, say, $100/month; and you consume $150/month in carbon energy, you would be taxed on the excess $50 at a rate determined by those who control the trade market.  The whole thing is a financial scheme.
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After departing the D-Day commemoration in the U.K, President Trump and First Lady Melania traveled to Shannon, Ireland.   President Trump and Irish Prime Minister Taoiseach Leo Varadkar hold a press availability before bilateral talks. (Video and Transcript)

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[Transcript] PRIME MINISTER VARADKAR: So, I just want to welcome all the members of the press who traveled here. And it’s a great pleasure to be able to welcome President Trump to the Uni — to the United States — to Ireland. And certainly not the first time he’s been here, or in County Clare. This is the first he’s been here as President of the United States. Only, I think, the sixth time an American President in office —
PRESIDENT TRUMP: I think so.
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President Donald Trump gives an extensive interview to Piers Morgan on Good Morning Britain.  President Trump discusses the overall visit and the state dinner with Queen Elizabeth II at Buckingham Palace.

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…“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.” 

~ Niccolò Machiavelli

CTH has been fully immersed in the battle against the Chamber of Commerce Decepticons for so long we have to be careful of our language.  This battle is the heart of Wall Street’s war against MAGA Main Street.
Republican senators from Mitch McConnell’s ‘decepticon caucus’ are now warning President Trump they will fully engage in an open effort to stop him from confronting the corrupt corporate systems that finance their life of indulgence.  Tariff’s on Mexico are a bridge too far for Tom Donohue and the multinational Wall Street lobbying system.  The republicans who benefit from K-Street lobbyist payments are now on full display.

Senate Leader Mitch McConnell has one major career alliance that has been unbroken and unchanged for well over two decades.  That alliance is with the U.S. Chamber of Commerce and specifically with CoC President Tom Donohue.  [SEE HERE and SEE HERE].
However, decepticon senator John Kennedy (U-LA) has personally spoken to Trump and outlines the president will not back down in the face of their threats:

“He’s as serious as four heart attacks and a stroke,” Kennedy told reporters at the Capitol. “A 5% tariff isn’t going to break the bank. A 25% tariff is a different story, but we are a long way from there.” (link)

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After President Trump and Prime Minister May hold bilateral meetings and a working lunch they are anticipated to hold a joint press conference at 8:45am EST / 1:45pm BST.
UPDATE: Video and Transcript Added

[Transcript] PRIME MINISTER MAY: This week, we commemorate the extraordinary courage and sacrifice of those who gave their lives for our liberty on D-Day, 75 years ago. As leaders prepare to gather here from across the world, it is fitting that we begin with a celebration of the special relationship between the United Kingdom and the United States, enduring partners who stood side-by-side on that historic day and every day since.
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Counsel of Economic Advisers Chairman Kevin Hassett appears on CNBC to discuss his decision to leave the White House; the purposeful importance of President Trump’s tariff threat on Mexican imports; and why overall trade reform is important.

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When Kevin Hassett notes best models without interest rates, and the perplexing discussion centers the appearance of two distinct economies, they are talking ABOUT THIS.  MAGAnomics is what happens in “the space between” Wall St and Main St.
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