stock market

TRUMP ECONOMY: COMPANIES SEE BEST EARNINGS IN 13 YEARS, HIRE AMERICANS INSTEAD OF FOREIGN VISA WORKERS

Posted on Updated on

donors

 

 

In Trump Era, U.S. Corporations See Best Earnings in 13 Years

Breitbart by Warner Todd Huston

As President Trump’s administration enters the last half of its first year, U.S. corporations are experiencing their best earnings in 13 years, a report finds.

Bloomberg reports that U.S. corporate profits in the second quarter “have beaten estimates at more than three-quarters of the Standard & Poor’s 500 member companies. In every sector, at least half of the companies have surpassed or met expectations, with many also getting a boost from a sinking U.S. dollar.”

“Growth was particularly strong in key regions of North America and Europe, where we grew sales greater than twice GDP, as well as throughout Asia-Pacific,” Dow Chief Executive Officer Andrew Liveris said.

Read more: Winning: U.S. Corporations See Best Earnings in 13 Years

 

Winning: Companies Hire Americans Instead of Foreign Visa Workers

President Donald Trump’s populist “Hire American” policy is forcing employers to hire more Americans at higher wages, the Wall Street Journal admits.

The pressure is highlighted by seasonal employers in Massachusetts who were forced to hire Americans when Trump’s populist coalition stymied their lobbying efforts to expand the use of H-2B foreign contract workers. According to the Journal, which has long urged the large-scale use of foreign workers:

“I have more Americans working than I’ve ever had,” says Josh Aronie, executive chef at the Home Port Restaurant in the Vineyard fishing village of Menemsha. He also reports his restaurant has been short of staff and many of the workers he does have don’t know the basics of cooking or even how to read the orders…

Nationwide data on the leisure and hospitality sector also shows a tightening labor market. In June, average hourly earnings in the sector increased 4% from a year earlier, according to government data analyzed by Moody’s Analytics …

At the Home Port Restaurant in Menemsha, Mr. Aronie recalls meeting with his small staff in a panic this June just a few days before the scheduled opening. He had applied for 18 H-2B visa workers and received none. Because of the staffing crunch, the restaurant initially was open just five nights a week, and didn’t open for lunch until late July. Mr. Aronie jokes about the qualification he requires for hiring: “Are you breathing? Excellent.” He has paid a premium to hire three people via a Boston-based temp agency.

 

Read more: …More Winning: Companies Hire Americans Instead of Foreign Visa Workers

STOCK MARKET ALL TIME HIGH: Dow skyrockets 300 points higher, breaks above 21,000 as stocks hit all-time highs

Posted on Updated on

 

( CNBC ) U.S. equities traded sharply higher on Wednesday, with the Dow Jones industrial average climbing above 21,000 for the first time, on the back of President Donald Trump’s speech to Congress.

Trump’s speech, which was delivered Tuesday night, was widely praised for its positive tone but lacked specifics about tax reform and deregulation, two key components of the market’s postelection rally.

“The major positive from the speech is he delivered on his ‘America first’ message, but he did so in a positive and uniting way,” said Zhiwei Ren, portfolio manager with Penn Mutual Asset Management. “If his message of ‘America first’ can succeed, this could be positive for the economy” in the near term.

The Dow advanced about 300 points with Goldman Sachs contributing the most gains. The 30-stock index first closed above 20,000 on Jan. 25.

The S&P 500 climbed 1.4 percent, with financials rising 2.8 percent to lead advancers. The Nasdaq jumped 1.24 percent.

 

READ MORE: STOCKS RISE AND RISE AND RISE…

 

Traders work on the floor of the New York Stock Exchange.

 

STOCK MARKET PREDICTS TRUMP AS THE NEXT PRESIDENT…MAKE AMERICA GREAT AGAIN!

Posted on Updated on

 

( CNBC ) The stock market’s election year performance between July 31 and Oct. 31 has often accurately predicted the next president — and this year it’s pointing to a victory by Donald Trump, if history is a guide.

Sam Stovall, chief investment strategist at CFRA, says the market’s decline this fall has been a bad omen for the incumbent party and Hillary Clinton, who still holds a six point national lead in a new poll. The S&P 500 is down 2.2 percent since its close of 2,173 on July 29, a Friday and the last trading day of July.

“Going back to World War II, the S&P 500 performance between July 31 and Oct. 31 has accurately predicted a challenger victory 86 percent of the time when the stock market performance has been negative,” he said. The one time in eight that the incumbent party won with a negative stock market was in 1956, when Adlai Stevenson challenged President Dwight D. Eisenhower.

 

READ MORE: Stock market says likely winner is… Trump

 

Image may contain: 1 person , people smiling