Despite the professional doomsayer predictions from the professional financial class of Wall Street investment punditry, Main Street is upbeat and consumer confidence is strong.

Tariff-Man Winning

“Consumer Confidence posted another gain in May and is now back to levels seen last Fall when the Index was hovering near 18-year highs,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The increase in the Present Situation Index was driven primarily by employment gains.
Consumers expect the economy to continue growing at a solid pace in the short-term, and despite weak retail sales in April, these high levels of confidence suggest no significant pullback in consumer spending in the months ahead.” (more)

Never is the disconnect between Wall Street and Main Street more visible than in the predictions -vs- reality for the growing/strengthening American middle-class.
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A carefully redacted footnote within a report by FISA Court Presiding Judge Rosemary Collyer has always appeared to be a clue to a domestic surveillance program.  Now details behind the redactions tell a concerning story.

A brief refresher is needed for those new to the story. In April 2017 Judge Collyer wrote a highly critical FISA Court opinion following discoveries by Director Admiral Rogers of government contractors accessing the NSA database, and extracting illegal search results from the electronic records of every American.
The scale of abuse was incredible [SEE HERE] and the surveillance issues had been covered up for years.  Collyer cited the Obama administration as having “an institutional lack of candor” in their responses to her and the FISA court.  The judge focused her criticism after a review of the period 2012 through April 2016.
Using the non-compliant admissions by NSA Director Mike Rogers and the results of the compliance audit, Judge Collyer used the period of November 2015 through April 2016 to gauge the scale of abuse at 85 percent. Eighty-five percent of all database search queries were unlawful, and she extended her analysis to say:
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Tokyo Japan is 13 hours ahead of U.S. Eastern timezone. As a result, much of the diplomatic activity for the final day of the state visit happens in the late night hours.
Today is the final day of the official visit which included the first state visit hosted by the Emperor Naruhito and Empress Masako to celebrate the new imperial era of “Reiwa”.
The visit has been a resounding success for Japan and the United States of America.
Today, the President and First Lady will honor the military.  Specifically and purposefully the President will showcase the strategic U.S-Japan military alliance, and deliver remarks to commemorate Memorial Day.  At the conclusion of events the President and First Lady will bid farewell to our good friends in Japan.

9:15am (Tokyo) / 8:15pm (U.S. EDT) THE PRESIDENT and THE FIRST LADY participate in a Farewell Call with Their Majesties the Emperor and Empress, Tokyo, Japan
9:35am (Tokyo) / 8:35pm (U.S. EDT) THE PRESIDENT and THE FIRST LADY depart the Palace Hotel en route to the Hardy Barracks Landing Zone, Tokyo, Japan
9:45am (Tokyo) / 8:45pm (U.S. EDT) THE PRESIDENT and THE FIRST LADY arrive at the Hardy Barracks Landing Zone, Tokyo, Japan
9:55am (Tokyo) / 8:55pm (U.S. EDT) THE PRESIDENT and THE FIRST LADY depart Hardy Barracks Landing Zone en route to JS Kaga Landing Zone, Tokyo, Japan [JS Kaga (DDH-184) is a helicopter carrier (officially classified by Japan as a helicopter destroyer) and the second constructed ship in the Izumo class of the Japan Maritime Self-Defense Force (MSDF)]
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Chrystia Freeland has presented the initial procedural process for  the Canadian Parliament to take up a bill to pass the USMCA.  However, the Canadian window is short, if they don’t ratify the trade pact by the end of June, the Canadian parliament will go into legislative recess until after the general elections October 21st, 2019.

OTTAWA (Reuters) – Canada took a first step toward ratifying the new North American trade agreement on Monday just three days ahead of U.S. Vice President Mike Pence’s trip to Ottawa to discuss the passage of the treaty.
Foreign Minister Chrystia Freeland presented what is known as a “ways and means motion” to the House of Commons, which opens the way for the formal presentation of a bill.

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Tokyo Japan is 13 hours ahead of U.S. Eastern timezone.  As a result, much of the diplomatic activity for the formal state visit happens in the overnight hours.
Today is a very special day as the official visit includes the first formal state banquet hosted by the Emperor Naruhito and Empress Masako to celebrate the new imperial era of “Reiwa,” which means “beautiful harmony”. The visit is a very big honor intended to convey the importance of the relationship between the U.S. and Japan.
The President and First Lady will be meeting the Japanese majesties twice today; in the morning for a formal welcoming ceremony, and again in the evening for the first official state dinner of the Reiwa era.  Additionally, during the business part of the visit, President Trump and Prime Minister Shinzo Abe are scheduled for a 2:00pm (local / 3:00am EDT) press conference after bilateral meetings.

9:15am (local) / 8:15pm (U.S. Eastern) THE PRESIDENT and THE FIRST LADY depart the Palace Hotel en route to Imperial Palace
9:20am (local) / 8:20pm (U.S. Eastern) THE PRESIDENT and THE FIRST LADY arrive at Imperial Palace, Tokyo, Japan
♦ 9:25am (local) / 8:25pm (U.S. Eastern) THE PRESIDENT and THE FIRST LADY attend a Welcome Ceremony at Imperial Palace, Tokyo, Japan
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Based on time zones (Japan is 13 hours ahead), and considering Lighthizer left on Thursday; it would appear Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer are meeting right about now.

(Reuters) – Japanese Economy Minister Toshimitsu Motegi said on Friday that he will meet with U.S. Trade Representative Robert Lighthizer in Tokyo on Saturday for trade talks ahead of a summit meeting between leaders from the two nations on Monday.
Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump are expected to discuss topics including North Korea’s nuclear programs, trade issues and the coming Group of 20 leaders’ summit. (link)

Following the State Dinner to celebrate the beginning of the Reiwa Era, introduced with the coronation of Japanese Emperor Naruhito, President Donald Trump and Prime Minister Shinzo Abe are scheduled to hold a summit and joint press conference on Monday.
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President Trump is holding a White House event to support Farmers and Ranchers and announce a transitionary aid package to help during the restructuring of the global supply chain and a reset in U.S-China engagement. Anticipated start time 3:15pm EDT.
Quite a remarkable presser.
UPDATE: Video Added

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The headlines are once again examples of an ideological media. “Stunning”, “surprising”, “unexpected”, etc.  However, far from the headline ideology; in a result that is splendidly falling into place for a much more consequential geopolitical landscape; things are going swimmingly…

Reuters Headline: “India’s Modi stuns opposition with huge election win”

NEW DELHI/AYODHYA (Reuters) – Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.
His re-election reinforces a global trend of right-wing populists sweeping to victory, from the United States to Brazil and Italy, often after adopting harsh positions on protectionism, immigration and defense.

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Steve Bannon appears on Fox Business news to discuss his new label as global “demon” to Beijing for Bannon’s strategic opposition to the rise of Chinese dragonomics.

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Mr. Bannon is correct in outlining President Trump’s long term strategy to break the global supply chain and reset structural trade priorities.  There’s a reason why President Trump pours vociferous praise on Xi Jinping while simultaneously executing the most brilliant geopolitical economic reset in history.  President Trump is mirroring Beijing’s approach, a panda mask that hides the dragon…
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Louisiana congressional representative and house minority whip Steve Scalise discusses current trade and economic initiatives from President Trump’s agenda.  Representative Scalise outlines the importance of the challenge to China and the benefits within the USMCA agreement.
Beyond the economics, Scalise notes the recent report about running for Louisiana governor stemmed from a short, off-the-cuff, conversation with President Trump and he dismisses the seriousness of the discussion.

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