Weaker But Not Yet Weak

The Squawk Box consensus of the disappointing jobs report is that it shows a weaker economy but not a weak one. That said, I share their belief that Team Trump will want to re-think their trade wars in order to keep the economy perking until the fall of 2020.

Do let me add, last Christmas Trump had a valid point that the Fed was on the wrong path; they have since become more accommodating, as they indicated at the end of January.

Comments

[Narciso79]

Really tm when have we had numbers this strong, USA today was actually concerned over higher wages.

[sbwaters]

When you distill news down too far, it not only ceases to be news, it runs perilously close to becoming fake news. Take this headline:

Trump, often a critic of alliances, hails US D-Day partners

Trump didn’t object to partnering with allies; he objected to allies that wanted a free ride.

Try this instead:

D-Day partners recall what the WWII alliance accomplished

Oh, and remind Jon Lemire to stick to the subject and don’t interrupt the news with domestic politics about Nancy Pelosi. If you want to do an ancillary story, keep it separate.
—
And let’s not leave out Jill Colvin and her persistent editorializing:

The frantic, last-minute talks underscore Trump's chaotic approach even when decisions have enormous economic consequences for both the U.S. and its closest allies.

And tell her to explain things clearly and completely:

Trump has threatened to impose a 5% tax on all Mexican goods beginning Monday as part of an escalating tariff regime opposed by many in his own Republican Party.

is more illuminating written this way:

Trump has threatened to impose a 5% tax on all Mexican goods beginning Monday as part of an escalating tariff plan.

He has embraced tariffs as a tool to use as leverage against other countries, weighing the harm of the issue against the potential harm of tariffs to American consumers and manufacturers.

I know it goes against the self-reinforcing bubble AP reporters travel in. I found the same problem in a panel this past weekend with a former Bloomberg reporter. They can’t help it. It takes a managing editor to hold them accountable: Why did you say it this way? Why did you put this in? Why did you use this headline? Why did you bury this paragraph?

Thank you.

[Melinda]

Repeating:

"
NonSeasonally adjusted, the NonFarm Payrolls were +687,ooo, Total Private Payrolls (NSA) were +778,000.

So the seasonality was a bit heavy this month.

Ignore the headlines, this economy is rockin' it."

[sbwaters]

The post above was an email to the Associated Press.

[Captain Hate]

Bishop Thomas Paprocki, head of the Catholic Diocese of Springfield,
Ill., decreed today that Illinois Speaker of the House Michael Madigan,
Senate President John Cullerton, and all the Catholic lawmakers who
voted for the latest pro-abortion bills in the General Assembly are
barred from receiving Holy Communion in the Springfield Diocese because
of "their leadership roles in promoting the evil of abortion."

[Narciso79]

Carrying over from the last thread, no I'm not going to cut any slack for the Obama kids, as with Chelsea I wont pounce till she removes all doubt.

[Narciso79]

Excellent sbw, I have similar questions when I scan the fishwrap.

[Narciso79]

They served up Obama's minitrue chocilate rations, which were more like milos chocolate covered cotton,

[Narciso79]

Is CNBC just ignorant or complicit, discuss

[henry]

Narciso, CNBC is still NBC.

[fdcol63 🇺🇸]

Regarding tariffs, there are short term impacts and long term impacts.

Sure, everyone hates them in the short term, especially day traders and others out for a quick buck.

But the long term impacts are the real goal. You have to change the behavior of your competitors and adversaries somehow, if other attempts have failed.

Often, that means someone is going to suffer or pay a consequence, someway, somehow.

So, which would you rather do? Suffer a quicker, less painful penalty now .... or let the problem fester until major corrective action is required later?

[Narciso79]

I know roger Ailes is doing capoeira up there,

[Narciso79]

Thid piece prompted the question

https://www.cnbc.com/amp/2019/06/07/us-futures-edge-higher-as-wall-street-rally-set-to-continue-jobs-data-in-focus.html&ved=2ahUKEwiL0obJv9fiAhUIr1kKHQ1VCTIQ0PADMAd6BAgHEB4&usg=AOvVaw2khA-be0tY-kAJS5MAqoUn

If the porridge is hot, Powell will pour the cold milk, itherwise

[henry]

she's a real prize:

she filed joint tax returns with a man she wasn’t married to. The report states that Omar filed joint tax returns in 2014 and 2015 with Ahmed Hirsi, even though she was married to Ahmed Nur Said Elmi from 2009-2017.

http://tennesseestar.com/2019/06/07/an-minnesota-investigation-finds-rep-ilhan-omar-violated-the-states-campaign-finance-laws/

[fdcol63 🇺🇸]

I think Omar should be deported just on the basis of being an ungrateful, America-hating Muslim bitch.

[Jim Eagle]

Over at Ace, he has a story from the UK about a Lesbian group called L Out who are protesting against Transgender Activism. The result was that the police approached and asked them if they were a "hate" group:)

The are holding up a banner that reads, "Lesbians Don't Have Penises."

It looks like more popcorn as Queer Nation approaches a civil war environment. And why L Out and not T Out?

[Narciso79]

I second the notion, if not for our generosity this spawn of sidi barre apparatchiks would still be languishing
in a Kenyan refuge camp

[Narciso79]

Financial journalism is pretty bad across the board, how is one supposed to act rationally.

[Narciso79]

Marketwatch is among the worst, gott um himmel.

[Narciso79]

Btw that Bezos link was about tribe, who is mad as a hatter.

[Melinda]

It goes back to paid PR, IMO, CNBC's model relies on various trading positions paying for promotion of said trading positions, and keeping the investment ad revenue rolling in. their advertiser pool has shrunk enormously since the different actual ads appearing aren't that many.

[Narciso79]

That was the York tweet, re tribe who is in Emilio lizards territory.

[Ignatz Ratzkiwatzki]

--Did Miami city building code ca 1980 mandate shower curtain rods that could hold a 180 lb man in handcuffs?--

I often don't know what Pin is talking about.
I'm ok with that.

[henry]

Paid PR makes sense. They tend to cover tech that is just entering a funding round or IPO, and ignore the bulk of actual business.

[Captain Hate]

And why L Out and not T Out?

They must mean LGBT or Live Action Role Playing (LARP).

[Narciso79]

Heh, electrifying the front door of a business was seen as legal though.

My Pete peeve was about how people confuse Miami Dade county (csi Miami was pretty good on this) and the cities of Miami and Miami beach.

[Narciso79]

Burn notice was pretty good too, it covered the whole spectrum of the metropolis.

[GUS]

SBW, love your AQUARIUS comment end of last thread, but I'm confused.

I thought DAWN was with TONY ORLANDO.
Back in those days, I used to love waking up "at the crack of Dawn".

[Captain Hate]

CNBC would be spanking it hard if Gaylord had those numbers. Do they really think they're fooling anyone?

[Ignatz Ratzkiwatzki]

--House Dems want to impeach Trump, but Senate conviction seems impossible. What to do? Leading legal scholar proposes House impeach Trump, then hold kangaroo court and pass some sort of verdict declaring him guilty.--

Leading legal scholars = "We had to destroy the constitution to save it."
What exactly are they leading? A soviet?

[henry]

Forget it Jake, it's Madison.

Vicki McKenna @VickiMcKenna
3m

The "founder" of a so-called Madison Rastafari church attempts to confound hearing on charges of illegal drug distribution, claiming he needed a translator who spoke "Rastafari". No, he needed a translator who spoke MORON. wkow.com/news/top-stori…

https://twitter.com/VickiMcKenna/status/1136995666268438536

[Narciso79]

Yes that's not a language amharic maybe mayor doody tells us be listened in on an Arabic 9/11 call but the area is largely Somali

[Narciso79]

I guess its like David Brooks own tbone who he couldn't respond to what dark skinned groups were in the bible.

[Narciso79]

I'm curious about every religion, but most seem to have a cappuccino froth level understanding of their own

[Narciso79]

The age of aquarius didnt start anywhere near 1967, now the crazy years might have though.

[Narciso79]

Just bring on thanos drop ships:

https://www.cbc.ca/news/politics/trinity-western-supreme-court-decision-1.4707240

[henry]

CNBC @CNBC
2m

NASA opening International Space Station to business, including private astronaut missions, by 2020

[Narciso79]

Memo to French and dreher, they will not allow to publically proclaim christianity.

[Narciso79]

AMD theres a new New Jersey based space startup opening around here

[Narciso79]

Sometimes a blind squirrel finds a nut:
https://www.marketwatch.com/story/stop-lying-to-me-about-trumps-tariffs-2019-06-06?link=sfmw_fb&fbclid=IwAR2tsUYtW0PLND575OEooBxKD_GbSB53nGvyURAwL0q_LBnDDNf3WZ36RWA

[henry]

nice vacation spot.

Michael Sheetz @thesheetztweetz
4m

NASA will start with two private astronaut flights a year of 30 days maximum each, with SpaceX & Boeing handling the tourist services.

Each trip will likely cost over $50 million, with NASA getting $35,000 per night on the International Space Station.

[Narciso79]

That's a bit steep, how about flying commercial.

[Melinda]

I'll go one better on the PR angle.

Having PR Newswire headlines rewritten on popular financial websites to influence headline trading bots.

[Narciso79]

After you alphonse, cut the power to your offices, pour out your gas tank.
https://nypost.com/2019/06/07/bloomberg-donates-500m-in-bid-to-close-all-coal-plants-in-us/?fbclid=IwAR0kQa61bejlkxiC62tLGoLRFlx_qvvG3u7I1Hykysixim8C3XCk1G0FwBQ

[Old Lurker]

If MM had stayed in bidness just a little longer:

https://www.foxnews.com/science/man-buys-picasso-painting-worth-millions

[Threadkiller]

https://www.foxnews.com/politics/doj-files-flynn-russia-fbi-informant

[Narciso79]

Its getting to be like the old joke about a communist meeting full of bureau agents

[MissMarple2]

Old Lurker,

Wow!!! What a find!!

I used to buy neat stuff in box lots and every so often would come across a real moneymaker, but never anything like that!

[MissMarple2]

Donald J. Trump
‏Verified account @realDonaldTrump
4m4 minutes ago

HAPPY BIRTHDAY to our great @VP Mike Pence!

https://pbs.twimg.com/media/D8d2S1vU0AQEC8A.jpg

[Ignatz Ratzkiwatzki]

Remember when the Asian practice of foot binding was a barbaric example of patriarchy?
Well, apparently chest binding is super-duper woke.
A girl smashing her breasts in an attempt to be a boy would have been rightly ridiculed by progs past as some sort of sick variation on Freud's patriarchal penis-envy baloney.
Now that they can actually have one instead of envying its absence I guess it's time for one of those Stalinist reversals on what we are allowed to consider good or bad.

[Narciso79]

Some signs of intelligent life:
https://www.bbc.com/news/uk-politics-48554853?

[MissMarple2]

#Israel TV interview with Bill Clinton where he smugly tells how he intervened in the 1996 elections in favor of Leftist Shimon Peres over Bibi Netanyahu (who won)
Far-Left media hack, Raviv Drucker cannot believe Clinton admits this so easily.#MAGA pic.twitter.com/rtRAFrUkkj

— JerusalemGirl (@ZionistGirl18) June 7, 2019

Video at link.

[Narciso79]

Is there any insanity that isnt proclaimed as wisdom, any abomination that is preferred as truth?

[MissMarple2]

https://thefederalist.com/2019/06/04/obama-administration-ignore-reports-russian-election-meddling/

Why did the Obama Administration ignore reports of Russian election meddling?

[Melinda]

Tying your shoelaces near the toes is the new one for me.

[MissMarple2]

Daily Mail U.K.
‏Verified account @DailyMailUK
5m5 minutes ago

Theresa May formally QUITS as Tory leader firing the starting gun on contest that will see her replaced as PM next month https://trib.al/UnBjWqt

[Narciso79]

How about tying the laces with each other, that will work.

[Robin, eff 'em all]

I think Omar should be deported just on the basis of being an ungrateful, America-hating Muslim bitch.

Posted by: fdcol63 🇺🇸 |

You and me both. Why waste time over Malia when this woman is one of our overlords?

[rse]

On the malia link on the previous thread, did anyone actually read it?

They were at a movie about a lesbian love triangle to show support for some gay pride commemoration. Out celebrating their Wokeness.

[Narciso79]

Is that the Netflix series with fmr Disney star zendaya.

[henry]

re May:

Paul Brand @PaulBrandITV
24m

NEW: PM has resigned slightly earlier than we thought. 1922 confirm she’s officially stepping down as leader and race to replace her begins (as if it hasn’t already!)

https://twitter.com/PaulBrandITV/status/1137007975997067265

[fdcol63 🇺🇸]

This guy sums up being a SJW to a T. LOL

https://www.youtube.com/watch?v=ZBdnyrzq96s

[MissMarple2]

https://www.foxnews.com/politics/durham-russia-barr-sources

Headline:

US Attorney Durham 'very dialed in' as he launches Russia probe review, met with Barr 'multiple times': sources

[jimmyk]

To echo what Melinda said, one month's jobs number is almost meaningless, especially with all the seasonal adjustment magic. The 3-month average is bit more indicative: 151,000 per month. But the latest and last month's numbers will be revised.

[Narciso79]

Yes hes no help at all:

https://mobile.twitter.com/SohrabAhmari/status/1136803368071041025

[Abadman]

Amom

Watched the Dr. Z video

I agree with much of what he says but not all. He blames insurance companies but neglects to mention the Medicare Administration and the Joint Commission. They are the drivers of many of the problems he lists.
And Medicare and especially Medicaid are misers for payments basically stealing from private insurance.

Like schools and colleges, the number of administrators needed continues to increase to meet regulatory burdens. Which pulls $$ and other. Resources away from patient care. It also strips autonomy away from providers.
And like you don't get me started on the EMR.

[fdcol63 🇺🇸]

Whole forests die due to the paperwork required for Joint Commission accreditation.

[Narciso79]

This is the macro problem, institutions are not concerned with that they are ostensibly about, schools should impart facts, doctors should heal, churches should preach thr word of God, thr police should go after real threats to the community

[Abadman]

Yes they need to invent another, deeper, circle of hell for whoever runs the Joint Commission

[Narciso79]

There should be some basic record keeping, but it should be focused on acquisition and maintaining skills, isnt that enough with the complexity of the human body itself.

[Narciso79]

Now this isnt a precedent they'd like to use:

https://www.americanthinker.com/articles/2019/06/how_a_postcivil_war_supreme_court_decision_dismantles_sanctuary_cities.html

[Melinda]

badman-

Now do PBMs.

[Narciso79]

Yes they are conjured on mount doom, with the ring:

https://dailycaller.com/2019/06/06/broward-county-scot-peterson/

[Narciso79]

They send Manafort to the Bastille but thrt cut his jackalope bail in half, he enabled the deaths of 17 students and then covered up the circumstances.

[Narciso79]

I think its tsmtamout to involuntary manslaughter meanwhile next door the Miami da is putting a show trial for a minor Mexican actor who had am altercation with an enraged motorist, no weapon was used, the subject did die from the fall.

[Narciso79]

Victim did die from the fall and the accused did flee the scene, but that doesn't add up to manslaughter in any dictionary.

[Narciso79]

I don't see why they'd be more deft than most rudings:

https://humanevents.com/2019/06/06/brexit-party-stalls-in-peterborough-special-election/?utm_referrer=http%3A%2F%2Face.mu.nu%2F

[Tom R]

Good discussion on the dilemma facing libertarians and conservatives on the topic of regulating leftwing social media giants that censor the right. This link takes you to last comment so you gotta scroll to the top.

https://twitter.com/ibbibby/status/1137006437211811841?s=21

[MissMarple2]

I love it when NeverTrumpers are proven to be ignoramuses:

Charlie Sykes
‏Verified account @SykesCharlie

"But as royal families go, the Trumps aren’t the Windsors. Or the Bushes. Or the Kennedys. Or the Kardashians, even. The Trumps are more like the Habsburgs— " @MollyJongFast
https://thebulwark.com/the-trump-kids-go-royal/ … via @BulwarkOnline

A reply:

Andrew Follett
‏Verified account @AndrewCFollett
2h2 hours ago
Replying to @SykesCharlie @MollyJongFast @BulwarkOnline

The Habsburgs ruled Europe for hundreds of years and produced many truly great leaders.

https://en.wikipedia.org/wiki/Charles_V,_Holy_Roman_Emperor …

At one point, the Hapsburgs owned all the stuff in the graphic below...and they actually ruled it pretty well.

This comparison doesn't say what you think it says.

[Narciso79]

Daft and ridings, yes the left wants gatekeepers like xarlos meza to block any crimethink, the right just wants a apace.

[fdcol63 🇺🇸]

Peterson, unfortunately, may have a good case:

Duty to Act: Legal Obligations vs. Community Expectations

https://inpublicsafety.com/2014/03/duty-to-act-legal-obligations-vs-community-expectations/

Key takeway:

Legal Reality on Duty to Act

In 1981, the District of Columbia Court of Appeals ruled in Warren vs. District of Columbia (444 A.2d. 1, D.C. Ct. of Ap., 1981). The Court stated that it is a “fundamental principle of American law that a government and its agents are under no general duty to provide public services, such as police protection, to any individual.”

A quick review of state statutes found that very few states actually have laws that mandate a duty to act. Such statutes, which require an individual to respond to another being harmed, are relatively new.

We'd need to know whether or not FL has passed such a law.

As a Floridian, I don't know. Does anyone else?

[Narciso79]

So what are they there for then, I can see how DC prioritizes things.

[Old Lurker]

When the customers expect (demand) the product to be free to them (medical care), any concept of a free market is gone. And with it all the happy participants in Milton Friedman's pencil industry. Uncle Milt would be left to smoke his hand print on cave walls.

Then when the players are rolling around in bed with elephants, somebody gets squished. Doctors, nurses and patients, for example.

[henry]

what are they there for then

pensions

[Neo]

This calls for the GAO blacklist ..
https://www.zerohedge.com/news/2019-06-07/mueller-caught-another-deception-manaforts-russia-link-was-informant-us-state

[Abadman]

PBMs?

[DrJ]

PBMs?

Pharmacy Benefit Managers.

[Narciso79]

So neither the customers nor the practitioners benefit, yes I saw that with the AARP and optum,

[Melinda]

Pharmacyl Benefit Managers.

If you don't think that bumping the allowable line item billables from 400K individual good or service to over 900K wasn't designed for DC use (donor squeeze), than for "Hospital efficiency", look no further than the mechanics of the PBM system, which was the pharma sop to drag OCare past Christmas.

[Melinda]

Pharmacy, no Idea where that "L" came from...

[Abadman]

Looked it up

I'm dumber than a box of rocks about PBMs.

In house, inpatient, hospital negotiates med prices, and will restrict access if too costly. IV Tylenol comes to mind. Really no justification for its price.

Out patient I do not have much impact other than trying to use meds whose patents have expired.

[Jim Eagle]

Flip-Flop? Biden just performed a Fosbury Flop.

https://twitter.com/KellyannePolls/status/1137029284562853889

What he told Ryan in the debate of 2012.

[MissMarple2]

https://thehill.com/opinion/white-house/446050-did-brits-warn-about-steeles-credibility-before-muellers-probe-congress#.XO8REW2b-dk.twitter

Multiple witnesses have told Congress that, a week before Trump’s inauguration in January 2017, Britain’s top national security official sent a private communique to the incoming administration, addressing his country’s participation in the counterintelligence probe into the now-debunked Trump-Russia election collusion.

Most significantly, then-British national security adviser Sir Mark Lyall Grant claimed in the memo, hand-delivered to incoming U.S. national security adviser Mike Flynn’s team, that the British government lacked confidence in the credibility of former MI6 spy Christopher Steele’s Russia collusion evidence, according to congressional investigators who interviewed witnesses familiar with the memo.

[Narciso79]

It seems to have started like most pandora boxes events in 1968.

[Narciso79]

Why does Tillis subpoena mark lyell grant, rhetorical question, you dont facts to get in the way of narrative.

[MissMarple2]

https://www.washingtonexaminer.com/opinion/another-trump-promise-kept-getting-the-government-out-of-the-fetal-harvesting-business

[Abadman]

BPMs. Sounds like HMOs for medications

[Abadman]

Sorry PBMs

Dyslexia kicking in again

[Narciso79]

It started with pharmaceutical card services es in 1968, but it really advanced with diversified scripts that was in the 80s.

[Melinda]

Then they coopted it into OCare and the graft really started.