IS PERFECT KIND OF GOLDILOCKS
SET OF DATA, THIS INCLUDED,
CHARLES.
DEIRDRE.
HERE TO DISCUSS KALTBAUM CAPITAL
MANAGEMENT GARY KALTBAUM.
MOODY'S CHIEF ECONOMIST,
JOHN LONSKI, AND
"WALL STREET JOURNAL" SHELBY
HOLIDAY.
II WANT TO DELVE INTO THIS A
LITTLE FURTHER.
IS 31,000 BLACK AMERICANS
EPTERRED INTO THE SERVICE FORCE.
138,000 THE EMPLOYED.
HIGH SCHOOL ONLY GRADUATES,
484,000 ENTERED THE JOB MARKET.
507,000 OF THEM GOT JOBS.
SHELBY THIS IS REMARKABLE
NUMBER.
FLYING UNDER THE RADAR OF THE
OVERALL PICTURE.
THOSE ARE IMPRESSIVE NUMBERS.
WE SHOULD HEAR TRUMP TALK ABOUT
THE NUMBERS IN THE FUTURE.
I EXPECT HIM TO HAMMER ON THAT.
REPUBLICANS WANT HIM TO HAMMER
DEIRDRE SAID IS SAID.
EVERYONE CAN CHERRY-PICK A JOB
REPORT, BUT THE PRESIDENT TENDS
TO DISTRACT FROM HIS OWN STRONG
ECONOMY.
REPUBLICANS HEADING INTO
MIDTERMS HOPE HE GETS FOCUSED.
CHARLES: OP-ED FROM ONE OF OUR
COOL LEAGUES KIM STRASSEL.
>> CALLED IT WHIFFING.
CHARLES: NO DOUBT ABOUT THAT
WOULD I BE PREACHING THIS STUFF
ALL DAY LONG, JOHN.
NOT JUST THIS, GOING INTO THE
HEARTLAND OVER THE WEEKEND.
MANUFACTURING JOBS.
>> WAY UP.
STEEPEST PERCENTAGE INCREASE BY
FACTORY JOBS SINCE 1984.
THOSE ARE THE DAYS OF
RONALD REAGAN.
IN 1984 THE REAL ECONOMY GREW BY
MORE THAN 7%.
CHARLES: SO CAN WE, I MEAN, TOO
LOFTY OF A GOAL?
I KNOW EARLY, THE ATLANTA FED
CAN WE START TO REALLY BELIEVE,
3, 4% IS POSSIBLE DOWN THE ROAD?
>> DOES THAT REALLY MATTER THAT
MUCH?
I WILL TAKE 3% GROWTH.
REALLY HAPPY WITH THAT EARLY IN
THE SHOW YOU BROUGHTBROUGHT OUT
THE IMPORTANT FACT PEOPLE DOWN
AND OUT IN THE LABOR FORCE NOT
GETTING JOBS ARE FINALLY ABLE TO
GET JOBS.
FED CHAIRMAN SAID, IF YOU'RE
LOOKING FOR A JOB TODAY SAID YOU
WILL FIND ONE.
THAT WASN'T TRUE, THREE, FIVE
YEARS AGO.
>> NOT ONLY THAT, WAGES ARE
TICKING UP.
IT IS SEEN AS SLUGGISH AND
GROWING AND RAMP UP QUICKER THAN
EARLIER.
HOPEFULLY THE TREND CONTINUES
MARKET AND MARKET SEEMS TO BE
OKAY WITH THIS NUMBER.
REALLY CAN'T RIGHT NOW.
THE 157 SHOULD BE BETTER, BUT A
COUPLE OF THINGS THAT ARE NOT
TALKED ABOUT ENOUGH.
3.9% UNEMPLOYMENT.
TWO YEARS AGO THAT WOULD HAVE
BEEN A DREAM.
YOU HAVE A 156 MILLION PEOPLE
NOW WORKING.
I BELIEVE THAT'S A RECORD.
BIGGEST NUMBER IS THE NUMBER OF
BECAUSE THEY'RE IN JOBS.
AND AS LONG AS THESE THINGS
CONTINUE, NOTHING BUT A VERTUOUS
CYCLE.
BUT WE NEED TO STAY ON TOP OF
IT.
NEVER GET TOO FULL OF OURSELVES.
WHEN THINGS ARE GOING GOOD, THE
WHITE HOUSE SHOULD BE PARANOID
TO MAKE SURE IT CONTINUES TO GO
GOOD.
CHARLES: I THINK PRESIDENT TRUMP
SURROUNDED HIMSELF WITH THE
RIGHT PEOPLE.
KUDLOW AND THOSE GUYS WILL NOT
BE COMPLACENT.
WILBUR ROSS WILL NEVER BE
COMPLACENT I DON'T THINK.
SHELBY, THIS GETS BACK TO THE
WORLD POLITICS IN THE SENSE WE
HAD THE TAX CUTS.
WE'RE GOING THROUGH AMAZING
CORPORATE EARNINGS SEASON.
THE SECOND QUARTER IS BETTER
THAN ANYONE ANTICIPATED.
AND SO ONE OF THE COMPLAINTS IS
THAT, YEAH, CORPORATE AMERICA IS
BENEFITED.
THE WEALTHIEST BENEFITED.
WHEN YOU SEE THIS MANY PEOPLE
WITH ONLY HIGH SCHOOL DIPLOMAS
TO THE WORKFORCE AND FIND JOBS.
THAT MEANS THE SAME TIDE IS
LIFTING ALL SHIPS.
>> I THINK IT IS INTERESTING
WHETHER THE WHITE HOUSE
CAPITALIZES ON THIS MESSAGE.
TAX CUTS AS MUCH AS THEY
BENEFITED PEOPLE ARE SEEN
UNPOPULARLY.
THEY'RE STILL POLLING
UNPOPULARLY IN VARIOUS POLLS.
IT WILL BE INTERESTING TO SEE IF
IT IS FOR PEOPLE GETTING JOBS.
ANYBODY GETTING A RAISE HAS TO
BE FEELING PRETTY GOOD IN SOME
SENSE ESPECIALLY IF THEY HAVEN'T
BEEN IN THE WORKFORCE AND NOW
REENTERING.
>> CHARLES, I WOULD BE RUNNING
ADS, IF I WAS THE WHITE HOUSE
SOCIALISTS THAT ARE COMING OUT O
SOCIALISTS THAT ARE COMING OUT T
THIS SHOULD BE PRETTY DAMN EASY,
CONSIDERING SOCIALISM SUCKS AND
CAPITALISM IS WHAT TAKES PEOPLE
OUT OF POVERTY AND DONE THE
GREAT JOB THROUGHOUT THE AGES.