An interesting on-the-fly interview with Mark Meadows on the topics of FISA renewal and the nomination of John Ratcliffe for DNI.  The incoming White House chief-of-staff notes an internal executive debate is still happening about how best to reform the FISA process as it is used upon/against American citizens.
AG Barr, Mitch McConnell and Lindsey Graham insufferably want a clean renewal.  President Trump, the righteous House team and Senators Paul, Lee and Cruz want far more substantial reform.  Senator Paul has the best proposal which is to force the DOJ, FBI or domestic intelligence apparatus to go before a traditional Title-3 court any time a U.S. citizen is identified as a target for surveillance.  Save FISA for foreign targets.
Additionally, Meadows notes the shift in support for John Ratcliffe as DNI comes as an outcome of SSCI Chairman Richard Burr likely supporting the nomination.  Unspoken, albeit obvious implication: McConnell green-lighted Burr to support Ratcliffe.

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Most people are aware the Wuhan coronavirus has become an economic contagion within China. However, the scale of the contraction is only now being quantified and the data doesn’t match the visible reality.
When evaluating the data showing drops in exports from China is worthwhile to consider the lack of visible supply-chain disruption formerly predicted by global economic “analysts”.  According to Reuters; to the extent data can be gathered from within a closed communist system; total exports from China dropped 17.2% in January and February.

The lack of factory production has cut the estimated growth rate within China by half.  However, is that a cause?  – or – Is that a cover?  For decades corporations have moved to a supply chain process known as Just-In-Time (JIT) inventory.
If Chinese component manufactured goods were part of a critical corporate supply chain, and with more than 30-days of source disruption quantified, there would be impacts by now. Where are the crippled customers?  There are no measurable, demonstrable, citations for missing component parts making downstream finished goods impossible.  There are lots of anticipatory declarations, but no shortage has materialized.
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7:30pm – THE PRESIDENT participates in a working dinner with the President of the Federative Republic of Brazil

White House – President Donald J. Trump will meet President Jair Bolsonaro of Brazil at Mar-a-Lago on Saturday, March 7, 2020. President Trump and President Bolsonaro will discuss opportunities to build a more prosperous, secure, and democratic world.

As leaders of the Hemisphere’s two largest economies, they will also discuss opportunities for restoring democracy in Venezuela, bringing peace to the Middle East, implementing pro-growth trade policies, and investing in infrastructure. The President will use this meeting as an opportunity to thank Brazil for its strong alliance with the United States. (link)

Wow, last night’s Fox News election town hall with President Trump was the most watched town hall event in cable news history with 4.2 million viewers.

(Via Fox News) Fox News’ town hall with President Trump on Thursday was the most-watched election town hall in cable news history, according to early Nielsen media research.

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As anticipated for some time…. President Donald Trump announces that congressman Mark Meadows will be joining the administration as White House Chief of Staff.

Earlier today Vice President Mike Pence and the COVID-19 task force held a press briefing to update the media on the latest developments. VP Pence notes tests delivered to the cruise ship “Grand Princess”, anchored and holding off the coast of California, have resulted in 21 persons testing positive (19 were crew members).
Additionally, in a private-public contract agreement, private medical testing companies Quest Diagnostics and Lab-Corp will be assisting the government with rapid test manufacture and distribution.  [CDC Website Here]

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The White House Coronavirus Task Force includes: Vice President Mike Pence; Ambassador Debbie Brix, White House Corona Virus Response Coordinator; Secretary Alex Azar, Department of Health and Human Services; Dr. Robert Redfield, Director, Centers for Disease Control and Prevention; Dr. Anne Schuchat, Principal Deputy Director, Centers for Disease Control and Prevention; Dr. Stephen Hahn, Commissioner of Food and Drugs, Food and Drug Administration; Dr. Anthony Fauci, Director, National Institute of Allergy and Infectious Diseases.
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This afternoon National Economic Council Director Larry Kudlow discusses the jobs report, coronavirus fears, the Federal Reserve, and the steps the Trump administration is taking to address the illness.  Two background issues should be noted:
First, the Wall Street multinationals are starting to propose that the federal government should be considering ‘bailing them out’. The Coronavirus is hurting business operations overseas, and the corporations who left the U.S. to exploit overseas profits are now asking for a “bailout”. No way, no how, it should never be considered.
Secondly, there are politically manipulative localized regions, under the control of Democrats, that are cancelling public events under the auspices of Coronavirus containment. In many cases these control agents appear to be making efforts to disrupt localized economies; and create a wider, weaponized, economic impact. Watch which areas cancel which events and you will see a pattern of left-wing control of the area (ex. Miami-Dade FL, Austin TX, Chicago IL, Seattle WA, etc.)
The administration needs to be smart and wise to the underlying efforts. Shut up and listen to Trump; he’s got this. Here’s Kudlow:

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Jumpin’ ju-ju bones.  The Bureau of Labor Statistics highlights an excellent jobs report for February with 273,000 new jobs added; and an upward revision of 85,000 job gains in December and January.  Total new jobs with revisions 358,000; that’s exceptional.
Main Street USA is very strong, exceptionally strong; and the fundamentals of the U.S. economy show balance and overall strength.  Keep in mind, while all of this growth is happening the full impacts of the renegotiated trade deals have yet to kick in.

Highlighting the strength in the overall economy the construction sector added 42,000 jobs in February, following a similar gain in January (+49,000). In 2019, construction job gains averaged 13,000 per month. In February, employment gains occurred in specialty trade contractors (+26,000) and residential building (+10,000). This specific metric is important because it highlights economic expansion from U.S. workers and households having financial strength for home purchasing.

(BLS DATA) Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate remains at 3.5 percent. Over the past 12 months, average hourly earnings have increased by 3.0 percent.
The change in total nonfarm payroll employment for December was revised up by 37,000 from +147,000 to +184,000, and the change for January was revised up by 48,000 from +225,000 to +273,000. With these revisions, employment gains in December and January combined were 85,000 higher than previously reported. (link)

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Earlier today New York State Governor Andrew Cuomo complains to the media about only getting $35 million in initial emergency funding for Coronavirus impacts.  WATCH:

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Last night CTH did our first review of the $8.3 billion COVID-19 appropriation as it passed through congress.  It is loaded with pork spending and foreign aid.  The bill was $7.8 billion at the beginning of the day and ended with $8.3 billion on final passage.
The emergency Coronavirus appropriation passed 96-1 in the Senate. The Senator voting against the bill was Rand Paul of Kentucky.
The foreign aid section is roughly $3 billion of the spending.  Senator Rand Paul proposed an amendment to rescind unobligated balances of current foreign aid appropriations because so much new money is being spent on this bill.  His amendment was defeated.
Here’s the breakdown:
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Earlier today President Trump traveled to Tennessee to tour some of the devastated areas severely impacted by recent tornadoes.  The president met with local and state officials along with FEMA response teams while surveying the devastation prior to meeting with the residents of Cookeville, Tennessee, and Nashville suburbs.
Video and Transcript Added:

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[Transcript] – THE PRESIDENT: Thank you very much. This is Governor Bill Lee, and he’s done a fantastic job of working with FEMA and the federal government and state government and everybody, Bill. And this is real devastation like you’ll never seen, hopefully, again. This was about as big a tornado as you can have. It was 50 miles long, which is extraordinarily long, and a very wide one. And you see what’s happened. We saw it from the helicopter very well. You did too.
I just want to thank you very much for the great job you’re doing.
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