Trump advisor admits trade dispute a risk to US economy

04 June, 2018, 07:58 | Author: Kathy Ellis
  • U.S. President Donald Trump gets market-moving information long before its released to the public. More

"Looking forward to seeing the employment numbers at 8:30 [12:30 p.m. GMT] this morning", Trump said in a Twitter message at 7:21 a.m. local time. Eastern time moves markets. At the time, there was little mystery about what the jobs report would contain, though it was also a time of economic turmoil in which any remarks on the economy risked spooking investors.

That's why the BLS draws a tight circle around those eligible to get jobs data before it is released to the public. The Xinhua report came after Mr Ross met Chinese vice premier Liu He for talks that Mr Ross called "friendly and frank, and covered some useful topics about specific export items".

According to a Labor Department rule, executive branch employees are barred from publicly commenting on the jobs report until "at least one hour" after its official release.

But Trump's top economic adviser, Larry Kudlow, said that the president didn't violate the directive because he only said he was awaiting the release of the numbers "like everyone else". Ari Fleischer, who served as press secretary to President George W. Bush, said of Trumps post: "This certainly was a no-no. The advance info is sacrosanct - not to be shared", he wrote.

President Donald Trump was briefed Thursday night about the monthly employment report issued Friday morning in Washington and signaled in advance that the numbers were going to be favorable, breaking with past practice of presidents who avoided disclosure of market-sensitive information.

A former undersecretary of labor was blunt. Trump still needs another year or so in office before he and his supporters can lay sole claim to the macroeconomic gains we're seeing.

Defying fears of a global trade war, US businesses have made it abundantly clear that they see no reason to stop hiring.

Wallace asked if Trump had "agreed that he won't do it again".

Wildwood Police Release Beach Arrest Body Cam Footage
Wildwood Mayor Ernie Troiano Jr . said on Tuesday that the officer "did what he had to do", according to the newspaper. She says she failed a breathalyser test, but denied she had been drinking the contents of the bottle she had on her.

I have no doubt that Trump followers like @billiecat want real change - and real jobs.

Some legal experts believe that Trump, through this tweet, may have broken the protocol. But in the absence of protocol you also can end up with a cult of personality fetching enough that you say "so what?" to nearly any transgression.

Trump had good reason to be happy. After all, he has been playing fast and loose with information for some time now. The Securities and Exchange Commission, the Wall Street regulator that combats insider trading, declined to comment.

After becoming president, he showed a similar inability to play it straight with valuable information.

But it led to an outcry from Democrats and Republicans, particularly veterans of past White House teams, who said the restrictions in place are meant to both prevent the politicization of these reports and leaks of market-moving information. We could all just become attorneys!

"We're concerned that these actions are actually not conducive to helping our economy, they actually are destructive, and that is consistently held across the six countries that expressed their point of view to Secretary Mnuchin", Canadian Finance Minister Bill Morneau said at a news conference after the meeting ended in the Canadian mountain resort town of Whistler, British Columbia.

"Risks are brewing. with the latest round of tariffs on aluminum and steel", said Joseph Song, an economist at Bank of America Merrill Lynch.

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