U.S. Sending Trade Delegation to China January 7th…

According to a report in Bloomberg News the U.S. is sending a trade negotiation team to Beijing on January 7th, 2019.  If accurate this would be the first face-to-face delegation since President Trump and Chairman Xi outlined the structure for strategic trade discussions during the G20 meeting in Buenos Aires.

(Via Bloomberg) A U.S. government delegation will travel to Beijing in the week of Jan. 7 to hold trade talks with Chinese officials, two people familiar with the matter said.
Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke on the condition of anonymity. Neither the USTR nor Treasury responded to requests for comment. (more)

When President Trump outlined the preliminary terms for negotiations between the U.S. and China, U.S Trade Representative Robert Lighthizer was assigned the lead position for the contacts.   Abassador Lighthizer has been very firm in pointing out the 90-day window for discussions, prior to enhanced tariff action, was not going to change.  The deadline is March 1st, 2019, for a principle agreement, or the next phase of tariffs is triggered.
(more…)

President Donald Trump Surprise Speech To Troops in Iraq (Full Speech Video)…

President Donald Trump and First Lady Melania Trump deliver remarks to U.S. military during a surprise visit to Al Asad Air Base in Iraq.
During his remarks President Trump outlines his determination to remove U.S. military from Syria and to hold regional allies accountable to retain stability and security.
Additionally President Trump directly addresses the notion that any withdrawal from the region means a reconstituted terror threat that might strike the U.S: “if that was to happen, they would suffer consequences like never before.”  “That’s not a threat, that’s going to be a fact.” … “If anything were to happen at all.”


(more…)

Dow Surges With Biggest Gains on News of Best Holiday Shopping Season…

…The Dow Jones Industrial Average rose 5%, or more than 1,000 points, and recorded the largest daily point gain in its history. Meanwhile, the S&P 500 climbed 4.9%…. (more)

(Via CNBC) Retail is having its best holiday shopping season in six years, according to early data tracking consumers’ purchases.
Sales in the U.S. from Nov. 1 through Christmas Eve were up 5.1 percent to more than $850 billion, according to Mastercard SpendingPulse, which monitors spending both in stores and online via all forms of payment. Mastercard also said online sales during that time frame were up 19.1 percent from a year ago, in line with earlier reports that showed robust growth in e-commerce this holiday season.

(more…)

CEA Chairman Kevin Hassett Discusses Main Street Growth and Fed Impacts…

Council of Economic Advisers Chairman Kevin Hassett appears on Fox Business news to discuss the impact of the Federal Reserve’s interest rate hikes on the Main Street economy and the state of the Wall Street stocks.
The key metric is to accept what’s happening around us.  Fed rate hikes are hurting Wall Street (investment class).  However, Fed activity is not yet impacting Main Street.  This is because the two economic engines (Wall St. -vs- Main St.) are so far apart.


.
Part Two of this interview (and expanded review) is below:
(more…)

President Trump and First Lady Melania Make Surprise Trip to Middle-East…

Speculation of President Trump heading to visit troops began early this morning as an overnight takeoff for Air Force-One was strongly rumored.  Additionally the White House press room has been silent and POTUS Trump has been unusually quiet on his social media.

In a statement posted on Twitter, White House Press Secretary Sarah Sanders confirmed the visit in a tweet shortly after Reuters shared the photos of the president in Iraq.

President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas.  (Link)

Additionally, the Daily Mail has more pictures  in Iraq.
(more…)

December 26th – 2018 Presidential Politics – Trump Administration Day #706

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.

trump-president-3

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

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

Sarah H Sanders Twitter @SHSanders45

Wednesday December 26th – Open Thread

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 †

MAGAnomics: Mastercard Releases First Tabulated Holiday Sales Report With Whopping 5.1% Increase

As CTH anticipated the first tabulated holiday sales report via Mastercard® shows the results of a very strong consumer confidence level.  The first report highlights a very strong 5.1% increase in holiday purchases:

“Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade”…
~ Craig Johnson, president of Customer Growth Partners

(Via Wall Street Journal)  Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.

Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. Overall, U.S. consumers spent over $850 billion this holiday season, according to Mastercard.

(more…)

The FBI and DOJ Were Working to Protect Hillary Clinton a Lot Longer Than Generally Discussed…

Arguably the biggest story of 2018 is how much we have learned about institutional political corruption within the U.S. Department of Justice (DOJ) and Federal Bureau of Investigation (FBI).  With that level of new knowledge in mind, some earlier stories about the DOJ and FBI take on an entirely different light.
Here’s one from late 2016 – You might not know the name Marc Turi but if you are familiar with the Benghazi Brief, or more specifically with Operation Zero Footprint, you’ll likely know the issues.


.
Marc Turi was the guy who constructed the covert weapons shipments into Libya to overthrown Mouamar Gaddaffi (2011) and send weapons to the Libyan Transitional National Government supported by Secretary of State Hillary Clinton.
Mustafa Abdel JalilDuring the original phase of the Libyan uprising, early February 2011, the first defector from the official Gaddaffi regime was a foreign justice minister named Mustafa Abdel Jalil.
Jalil became the international face of the anti-Gaddaffi elements within the Libyan government. However, Jalil was an extremist Brotherhood member and somewhat of a patsy. When we were outlining his ideology, and the extremists who were behind him, almost no-one was paying attention.
Following Jalil’s moves was ultimately what enabled CTH to construct the Benghazi Brief so accurately – because during the shell game Mustafa Jalil was the pea.
(more…)