Chopper pressers are the best pressers.  As President Trump departs the White House traveling to Cincinnati, Ohio, for a MAGA rally, the high energy POTUS stops to answer questions from the press pool.  [Video Below – Transcript ADDED]

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[Transcript]  THE PRESIDENT: Yes.
Q Mr. President, why the tariffs against China now? And are you concerned about the nosedive the Dow took today as a result?
THE PRESIDENT: No, I’m not concerned about that at all. I expected that a little bit because people don’t understand quite yet about what’s happened.
We’ve taxed China on 300 billion dollars’ worth of goods and products being sold into our country. And China eats it because they have to pay it. Because what they do is they devalue their currency and they push money out.
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US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin returned from two days of talks in Shanghai on Thursday.  After debriefing President Trump on the results the president announced a decision to apply a 10 percent tariff on $300 billion worth of Chinese products.

This announcement would answer the question of whether the Chinese were willing to restart discussions from the previous point of contention.  Obviously they are not.
The Wall Street financial/investment class will go bananas.  U.S. based multinationals who have invested massively in Chinese manufacturing are apoplectic.  The ‘Wall Street’ -vs- Main Street battle now enters a new phase of confrontation and adversarialism.
As we have discussed, President Trump consistently implied he did not see how any deal with China is possible unless they were willing to fundamentally restructure their trade position. It has been clear -validated by the G20 outcome- that President Trump is not going to accept anything less than a full and complete structural change in the U.S. trade position with China. Lighthizer’s severe compliance and enforcement clauses, specific to each unique trade sector, are non-negotiable.
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Now that we know the Department of Justice Inspector General is about to release a report on former FBI Director James Comey; and now that we know the OIG Principal Review Phase was already initiated; we can start to monitor the IG Website for the release.

NOTE: This is NOT the IG report on DOJ and FBI conduct about IG FISA abuses. This is a carve-out report, specific to James Comey and his leaked memos.

It appears the pending IG report will cover the conduct of James Comey and how he handled a series of memos he produced; contemporaneous accounts written by Comey covering events he documented outside of normal FBI protocol.

As part of the process, the inspector general report has been given to James Comey in advance.  According to John Solomon reporting, Comey lawyers Patrick Fitzgerald and Daniel Richman, along with spokesperson Keith Urbahn are all participating in his review of the report content.  This is called the “Principal Review Phase”.
In the example of the 2018 IG report on Andrew McCabe, the OIG gave McCabe’s team a week during the principal review phase, and then published the report two days after the responses were submitted. [McCabe Report Reviewed] We don’t know how long James Comey has had the report, but my hunch is several days.
If the IG sticks to the same general feedback timeline as the McCabe report, we could see a final IG report very soon; perhaps even as early as tomorrow (Friday August 2nd); which would line-up with the DOJ request for additional time in the Comey Memo/Archey Declaration FOIA case in the DC Circuit (Judge James Boasberg) also due Aug 2nd, and possibly delayed due to the background of the Comey IG report being released.
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An excellent discussion between White House Trade Advisor Peter Navarro and Fox Business host Maria Bartiromo about the current state of President Trump’s Main Street policy and economy.  The second half of the interview is the best part. Navarro outlines the background of the second quarter GDP result, and he hits the nail on the head. Hi Pete.
As CTH previously highlighted, the two primary drags on the Q2 release are also the most volatile: Export/Import contributions (-.65%), and Inventory contributions (-.86%) [table 2]. However, consumer spending was much stronger than anticipated (+4.3%) showing the internal strength of the U.S. labor market and the impact of wage growth which now exceeds 5.5 percent.  The rebound in Q3 is going to be very, very good.

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Note to Mr. Navarro: Enjoy the winning. Relax, you’re solid. Despite the financial punditry class consistently trying to downbeat the good news; you don’t have to carry the burden of adversarialism. You’re a good warrior; we know.  You don’t have to prove your salt. The American people can see the results, and the entire MAGAnomic team, including you, have our full support. Have some fun.
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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Stephanie Grisham Twitter @StephGrisham45

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. For Thine is the kingdom and the power and the glory, forever and ever. Amen †

To say there is broad-based confusion is an understatement.  The recent reporting by John Solomon of The Hill only makes the confusion worse.  Let’s stand back and reconcile two issues (with evidence to support) that are MASSIVELY conflated.

First, go read the full Solomon article.  Notice the entire construct of the article surrounds “The Comey Memos“.  As you will see, this specific topic is important.  Within the Solomon article you will find (emphasis mine):

[…] Inspector General (IG) Michael Horowitz’s team referred Comey for possible prosecution under the classified information protection laws, but Department of Justice (DOJ) prosecutors working for Attorney General William Barr reportedly have decided to decline prosecution — a decision that’s likely to upset Comey’s conservative critics.
Prosecutors found the IG’s findings compelling but decided not to bring charges because they did not believe they had enough evidence of Comey’s intent to violate the law, according to multiple sources.

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A recent FOIA release from Judicial Watch (full pdf below) reveals that two of Mueller’s initial FBI agents, based on dates and redactions – likely Peter Strzok and Joe Pientka, visited James Comey on June 7th, 2017, to retrieve a collection of his memos.
[However, a word of caution, one of the memos was titled “last night at 6:30pm” and is being widely misinterpreted to have been written the night before (June 6th, 2017) when that is not accurate.  It is likely that memo relates to the January dinner in the White House with President Trump that held the same sentence.]

(pdf here)

If we ignore the misinterpreted “last night” memo aspect (dinner with potus in January ’17), here’s what we can learn from this FOIA release:
♦First, the memos were picked up while FBI agent’s Peter Strzok and Joe Pientka were lead FBI agents that transferred into the Mueller team.  Therefore it’s likely they were the two who traveled to Comey’s house for this June 7th effort.
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Tonight CNN is the broadcast host for the second night of Democrat presidential primary debates in Detroit Michigan.  After a live lotto-draw, the line-up was announced for only the 20 presidential candidates who the DNC qualified the second set of debates.
[Former Senator Mike Gravel, Mayor Wayne Messam, former Representative Joe Sestak and billionaire Tom Steyer did not qualify for the second round of debates. Sad.]

Tonight puts all of the peoples’ of color candidates together.  In a luck-o’-the draw, ‘spank me’ Harris is in position to finish off ‘creepy’ Joe Biden.  Consequently, most of the pressure is upon Creepy to have a good debate and stop the downward spiral of support losses to Spank Me and How.
However, that possible conflict opens the door for fellow New Yorkers Gillibrand and Booker to play the creed-card, mounting racist attacks with opening statements in Spanglish while comrade De Blasio attempts to gain traction.
CNN holds exclusive broadcast rights to the debate. Consider this an open discussion thread for anyone watching…
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The Bureau of Economic Analysis (BEA) released significant wage and salary data yesterday which held stunning upward revisions for 2018 and 2019.   Wage growth of 5.5% combined with low inflation remaining at 1.4 percent; the disposable income of U.S. workers jumped to a stunning 4.1%.  [Data Tables]

Within the revised BEA data, we find employee compensation rose 4.5% in 2017 and 5% in 2018.  Importantly the growth trend continued into 2019, with compensation increasing 3.4 percent in the first six months alone.  Year-over-year wages and salaries were revised upward to 5.3% for May, and 5.5% in June.  These are stunning increases in worker pay.
There are various economic indicators we have shared through the years, but wage growth is one of the more critical.  First, wage growth lags behind business activity – workers don’t get pay raises until after business volume demands/provides it.  Second, wage growth is generally uni-directional – once businesses hike pay, the increases cement.
As the Wall Street Journal put it:
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