President Trump travels to Muskegon, Michigan, today to deliver remarks on ‘Supporting the American Way of Life’ at a campaign style event. The venue is Flyby Air and the anticipated start time is 5:00pm ET. [Livestream Links Below]
After spending the day in south Florida (Miami), southwest Florida (Fort Myers), and then central Florida (Ocala), President Trump heads to Macon Georgia for a campaign rally to finish off the day. Anticipated start time 7:00pm EDT [Livestream links below]
Former Toys ‘R’ Us Chairman and CEO and Storch Advisors CEO Gerald Storch, appears on Fox Business to discuss today’s remarkable retail sales data. Storch rightly notes the September year-over-year spending was a whopping 8 percent on durable goods.
This outcome foretells good news for the holiday shopping season… except, as I noted, there is a slight issue. None of the current on-hand inventories are enough to fulfill demand for a big holiday shopping season. Hence, my advice – buy early, buy now.
The September retail sales show it’s a super-V recovery folks. According to Census Retail data released today [LINK HERE] – [PDF HERE] September retail sales jumped 1.9 percent, that result is triple what forecasters and economists had projected. However, the data is even better. Need more winnamins !
A September 2020 comparison to September 2019 shows last month’s retail sales jumped a whopping 5.4 percent year-over-year. That means last month saw consumer spending 5.4% higher than consumer spending before COVID-19 hit the U.S. economy. Keep in mind two-thirds of U.S. GDP is driven by retail sales and consumer spending.
Reuters is absolutely apoplectic with disappointment because their forecasters were only looking for 0.7 percent growth, and the 1.9 percent result is almost triple their expectations. Despite missing the forecast, Reuters doubles-down on a “dark cloud” narrative and sells a doomsayer message because the globalists/multinationals are sad.
(Reuters) […] Retail sales jumped 1.9% last month as consumers bought motor vehicles and clothing, dined out and splashed out on hobbies. That followed an unrevised 0.6% increase in August.
Economists polled by Reuters had forecast retail sales would rise 0.7% in September.
[…] Retail sales have bounced back above their February level, with the pandemic boosting demand for goods that complement life at home, including furniture and electronics. An aversion to public transportation has boosted motor vehicle purchases. Retail sales rose 5.4% on a year-on-year basis in September. (link)
Go read the Reuters analysis and you’ll see they are doomsaying, under the auspices that more stimulus spending is needed or the economy will collapse. Nonsense. The data is the data… and the data tells a stunningly good story that totally aligns with what I have witnessed in all of my recent travels.
Yes, some more very narrowly targeted and specifically tailored recovery spending is wise and appropriate; but a massive spending package is not needed unless we are talking about the politics of it. Politically putting money in the hands of workers/consumers is a good move…. but our economic position is not contingent upon it. The economic engine has restarted and is firing strong; more government spending is pure nitrous now.
(Via Associated Press) […] “We’re optimistic about the prospects for a strong holiday season, as people want something to look forward to and bring joy to their lives,” Shay said. “While it’s been a challenging year for everyone, there’s been an enormous amount of innovation within the retail industry and retailers have demonstrated that we can keep the economy open and operating safely.”
“Retail sales are continuing to build on the momentum we’ve seen through the summer and have been boosted by an improving labor market, a rebound in consumer confidence and elevated savings,” NRF Chief Economist Jack Kleinhenz said. “A significant number of people remain unemployed, but more are going back to work and that makes them confident about spending.
September retail sales reflect the support of government measures and elevated savings that is being spent now that consumers are shopping again. With less spending on personal services such as travel and entertainment outside the home, some of that money is shifting to retail cash registers. All in all, these numbers and other economic data show the nation’s economy remains on its recovery path.” (more)
As many of you know I have been traveling extensively throughout the country as I continue to brief groups on background DC, DOJ and FBI information from my years of research. During these travels I make a point to visit sector-specific businesses to inquire about their economic and business growth status.
The disconnect amid a ground reality compared to business reporting and financial media is actually stunning. However, perhaps that is because my physical ‘on-the-ground’ inquires and reports are ahead of the natural lag in the economic data rolling up to the accounting level. Here’s what I can tell you with absolute certainty.
The amount of heavy equipment, industrial equipment, hardware and goods being moved around the country is more than I have ever witnessed or seen in decades of travel. The mid-west, mid-atlantic, southeast, and more specifically the south in general, has more haulers and semi-trucks on the road than I have ever witnessed…. ever…. by a substantial margin. The same is true for rail freight and cargo vessels.
Regardless of what financial pundits and economic media might be saying, the underlying economic activity in the U.S. right now is explosive and moving at a much more rapid pace than before the COVID crisis. Regionally, business owners and operators all report the same thing, and the same need for a larger workforce. All of them are hiring; however, some sector specifics and regional specifics are much more intense.
So here’s my final data-driven tip and prediction for you this year. Do not share it with anyone except your closest family and friends:
#1 – There will be a severe shortage of holiday gift items for purchasing this holiday season; a severe shortage. Make your list of presents now; and go buy them as soon as possible. Trust me on this… stuff will be scarce and you will not be able to find in mid-late November and/or December. Demand will be off-the-charts.
#2 – There will be a severe shortage of staple food items for holiday meal cooking. If you do cooking or baking for your family this year, buy your shelf-stable items early. Purchase your ingredients and shelf-stable food and beverage items early.
Wait for the fresh product purchases as normal, those are unaffected. However, the side items and shelf-stable food products (flour, sugars, dry spices, condiments, dried fruits etc.) will be in very limited supply.
In all consumer purchase sectors existing inventories are already too low to support the normal holiday demand..
Purchase early and avoid the panic. You will be a hero for your family.
The third quarter (July, Aug, Sept) GDP figures, which will be released on the last Friday in this month, are going to be record-breaking.
After departing Fort Myers on the southwest coast, President Trump heads to central Florida for a campaign rally and peaceful protest at the Ocala international airport. The anticipated start time is 4:15pm ET. [Livestream Links Below]
President Trump departs his overnight stay in Miami today, and travels across Florida to the southwest coast, arriving in Fort Myers to deliver remarks on protecting American seniors. Anticipated start time 1:30pm ET [Livestream Links Below]
Tonight at 8:00pm ET, President Trump will be holding a town hall event in Miami, Florida, presented by NBC News. The event will be broadcast live on NBC stations and there is a Livestream Link Below:
As we shared yesterday, the examples of Google, Facebook, Twitter and YouTube blocking factual information about Joe Biden’s corrupt financial engagements with foreign entities is an “all-in” election interference effort. In many ways this is an extinction level event for their business model if Joe Biden does not win the election.
These tech and social media companies are worth hundreds of billions and their future financial viability is now directly connected to the 2020 election. Shareholders and stakeholders will begin filing lawsuits as soon as the hammer of FCC, DOJ or legislative regulation drops to break up their previously permitted monopolies.
A Trump victory will destroy these entities; and the likelihood of a Trump victory increases in direct proportion to their efforts to advance censorship…. it is a very unique situation.
It’s important to remember… there is a pre-existing DOJ antitrust lawsuit looming that underpins the current position of “Big Tech”; and factually in June of this year we previously shared: “As soon as the DOJ takes action Silicon Valley will hold an even larger self-interest in the 2020 election outcome; and they will respond accordingly.”
CTH has discussed the likelihood of DOJ action against Google previously. In June of this year AG Barr also mentioned in an interview with Senator Ted Cruz he was likely to have the final DOJ investigation on his desk for a decision within the next few months.
Immediately after Barr’s remarks Politico reported on some of the background DOJ activity which aligned with Bill Barr’s statements and our own research assembly.
WASHINGTON – Justice Department prosecutors expect to file an antitrust lawsuit against Google in the coming months focused on the company’s dominance in online advertising and search, two individuals familiar with the discussions said Friday.
DOJ lawyers and state antitrust officials met online Friday and discussed contours of the expected complaint, according to the people, who weren’t authorized to speak on the record because the investigation is ongoing.
[…] The suit is expected to involve allegations that the search giant has monopolized the advertising technology market. It is also expected to include allegations that Google has taken steps to extend its monopoly over search, such as through contracts with Apple and cellphone makers who use the Android operating system that require it be the default search engine.
The people cautioned that Attorney General William Barr, who did not attend the meeting, has yet to make a final decision on whether to sue, a judgment he could make in the coming weeks. The department would also need to decide what remedy it would seek, such as trying to break up the company or placing limits on its behavior. Whether the state attorneys general would also sign on to the DOJ complaint isn’t yet determined.
Prosecutors are still discussing whether to include other aspects of Google’s conduct related to search, the people said.
A DOJ spokesperson declined to comment. (read more)
Anyone who has spent time on the internet already knows Google manipulates the internet based on their self-defined ideology. In August of 2019 a Google employee and whistleblower came forward with documentary evidence explaining how they do it.
Zachary Vorhies went public with the information in order to help people better understand the scope and scale of Google’s manipulative intent. [Link to Documents]
Among those documents is a file called “news black list site for google now.” The document is a “black list,” which restricts certain websites from appearing on an Android Google product. Not surprisingly CTH is listed on the black list.
On May 28, 2020, after President Trump signed an executive order targeting on-line censorship, CTH wrote a twitter thread about it. There has to be a breaking point where the FCC or DOJ steps in to address these issues, if our constitutional republic is to survive.
[Read Executive Order Here] – In the periphery of this executive action there are indications, and a widespread expectation, the DOJ is close to filing an antitrust lawsuit against Google Inc and their affiliated companies. There is a possibility the controlling ideology of ‘big tech’ is about to merge with legal action by the DOJ.
The DOJ action has not yet happened, but there are signals it is close. There have been visible signals, subtle but visible, the DOJ was/is about to move on a massive (the biggest in history) antitrust lawsuit against Google and all affiliates.
The issue will not necessarily surface as most would think; via a bias based on conservative -vs- leftist ideology in content manipulation; though those underlying aspects are a part of the larger underpinning we will soon see surface.
Antitrust lawsuits, writ large, are based on “prices”, “costs”, and net “financial” distortions caused by corporations not competing based on open commerce. “Antitrust” in it’s structural form is based on costs and the manipulation of prices. Essentially, controlled commerce.
In the digital sphere the targeted firms have not opened themselves to liability based on ideology; but rather Google, all subsidiaries and alliances, have opened themselves to antitrust violations through the manipulation and control of financial benefit.
Demonitization of digital platform content providers, in combination with Google’s control of almost all ad revenue in the digital space, is what has opened the door for DOJ intervention based on antitrust laws…. But will they take action? That’s the question.
Antitrust intervention is warranted because the content being generated on these on-line, digital platforms, is being arbitrarily valued by the media company GoogleAds and not the free market. Devaluing certain content they are ideologically opposed to creates consumer distortions.
Underpinning that revenue control is the ideological nature of the control enforcer, in this example Google. However, for the purpose of antitrust lawsuits, that motive is irrelevant.
The methods, practices and purposeful control of value; through collusion of corporate interest specific to a planned and organized effort to control monetary benefit; is the part of their activity that is quantifiable, discoverable, easily provable, and ultimately unlawful.
The financial distortion of internet commerce is the crack in the Big Tech stranglehold that should afford the DOJ the opportunity to step in. Google (and all subsidiaries) will lose on the substance of their defense because ultimately their business practice has resulted in, and arguably they have engaged in, price fixing.
It will take time, but from an optimistic position if the DOJ take action eventually Google would be forced to settle a lawsuit. There could be a massive financial settlement in addition to a negotiated Consent Decree. Within the decree terms, we could even see a break-up.
Any antitrust action is only tangentially related to President Trump’s previous confrontation with Twitter and big tech social media based on ideological lines. However, it is easy to see how the two issues will merge. The monetary distortions are based on ideology.
As soon as the DOJ takes action Silicon Valley will hold an even larger self-interest in the 2020 election outcome; and they will respond accordingly.
Today President Trump is heading to North Carolina for a rally and peaceful protest at Pitt-Greenville Airport in Greenville. The anticipated start time is 1:00pm ET. [Livestream Links Below]
The Senate Judiciary Committee hears testimony from outside witnesses on the Supreme Court nomination of Amy Coney Barrett – LIVE at 9am ET – Livestream Links Below
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America