Stunning Bounce – May Jobs Gains of 2.5 Million Shocks Everyone…


Jumpin’ ju-ju bones, it’s raining winnamins ! ~ Analysts and economists were predicting May jobs report would show losses of around 7 to 8 million jobs in May.  That’s what everyone suspected, and why they were stunned this morning to find out the U.S. economy actually added, yes ADDED, 2.5 million jobs.

The Bureau of Labor and Statistics released the good news data earlier today and shocked everyone. However, the results are really not that surprising when you think about how successful the Paycheck Protection Program (PPP) was.  First this video is funny:

[BLS RELEASE] – […] Total nonfarm payroll employment increased by 2.5 million in May, reflecting a limited resumption of economic activity that had been curtailed due to the coronavirus pandemic and efforts to contain it.

  • In May, employment in leisure and hospitality increased by 1.2 million, following losses of 7.5 million in April and 743,000 in March.
  • Construction employment increased by 464,000 in May, gaining back almost half of April’s decline (-995,000).
  • Employment increased by 424,000 in education and health services in May, after a decrease of 2.6 million in April.
  • In May, employment in retail trade rose by 368,000, after a loss of 2.3 million in April.
  • Employment increased in the other services industry in May (+272,000), following a decline of 1.3 million in April.
  • In May, manufacturing employment rose by 225,000, with gains about evenly split between the durable and nondurable goods components.
  • Professional and business services added 127,000 jobs in May, after shedding 2.2 million jobs in April.
  • Financial activities added 33,000 jobs over the month, following a loss of 264,000 jobs in April.
  • Wholesale trade employment was up by 21,000 in May, largely reflecting job gains in its nondurable goods component (+13,000).  (link)

“Today’s report shows much higher job creation and lower unemployment than expected, reflecting that the re-opening of the economy in May was earlier, and more robust, than projected. Millions of Americans are still out of work, and the Department remains focused on bringing Americans safely back to work and helping States deliver unemployment benefits to those who need them. However, it appears the worst of the coronavirus’s impact on the nation’s job markets is behind us.”

Labor Secretary Eugene Scalia

The small business PPP program was designed to keep U.S. workers attached to their employers.  The treasury funds became grants if the funds were used to cover payroll expenses and retain the employees within the business.

If the business did not retain or rehire their employees they would have to pay back the treasury under the terms of the PPP fund.   That PPP rule was a massive incentive to re-hire anyone who was laid-off in the first several weeks of the shutdown.

I would suggest the majority of the re-hires, the jobs data that is shocking everyone today, is actually from small/medium businesses and directly relates to the way Treasury Secretary Mnuchin put the funding mechanism together by using the FDIC network.

Great plan.  Great execution. Great results.

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The MAGA Squeeze!


Roughly 5,000 individuals, a combination of individuals, partners in the major Wall Street firms including particularly Goldman Sachs, Merrill Lynch, and JPMorgan, and associated lawyers and others engaged in the global ecology of naked short selling and money laundering – both federal crimes – are now subject to discovery and criminal forfeiture of all assets purchased with illicit wealth.

In the United Kingdom “unexplained wealth” is now subject to investigation and discovery by the National Crime Agency. The USA needs a similar project. To take one example, all of the vacant luxury condominiums in New York City are immediately confiscatable by criminal forfeiture once the illicit provenance of the funds used to buy these asset can be established.

The President of the United States of America has been briefed on the depth and breadth of all data now stored by the National Security Agency (NSA) and is also aware of what could be discovered within a very short time through a complete audit of the Depository Trust & Clearing Corporation (DTCC).

The fact that the President has War Powers is a bonus. Wall Street criminals and their clients have nowhere to run. It is immediately possible for the President to execute a squeeze and come away with no less than $100 trillion dollars in confiscations of criminally-derived assets, both to make reparations to all the pension funds and individual investors cheated by Wall Street; and to fund the re-building of America by restoring the wealth stolen from Main Street by Wall Street, back to Main Street.

President Trump Offers To Campaign For Republican Challenger to Lisa Murkowski in 2022…


Alaska Senator Lisa Murkowski proclaims today that she may not be able to support the reelection of President Donald Trump.  President Trump fires back:

Long term CTH readers will well remember how Tea Party candidate Joe Miller was backed by Sarah Palin when he stunningly defeated Lisa Murkowski during the republican primary in 2010.  However, Murkowski would not accept the primary defeat and the entitlement-minded incumbent ran as a write-in candidate, and enlisted the assistance of democrats in Alaska to retain her seat in the general election.

The Tea Party was furious at the level of elitist refusal to accept the primary defeat in 2010, and Senator Murkowski has been a thorn in the side of conservatives ever since.

In a further slap to the face for the base of the movement, when Murkowski returned to the Senate as a successful write-in candidate, the 2011 professional republican apparatus, the Decepticons, never held her accountable for her insufferable self-interest.  Instead the GOPe, through then minority leader Mitch McConnell, allowed Murkowski to return to the same committee positions she held before rebuking the will of the republican electorate.

Senator Murkowski voted against Justice Kavanaugh, supports Obamacare and open borders, and is generally a member of the Decepticon senate group that supports Wall Street corporate objectives advanced by the U.S. chamber of commerce (Tom Donohue).

One good option:  If Sarah Palin decides to challenge Murkowski, there is a very strong likelihood Ms Palin could be successful in finally ending this painful chapter in conservative politics.

Far Better Than Expected – ADP Payroll Report For May Suggests Job Cuts Ending and Optimistic for Rebound…


Economic analysts had forecast another month of job losses around 9 million; however, the ADP payroll report shows a much better result with 2.76 million jobs lost in May. The surprising difference between expectations and results is giving increased hope a quicker rebound may be possible.

The ADP results were so much better than expected that White House economic advisor Kevin Hassett said he has to check the data twice.  The data was released while Hassett was in the middle of an interview with Maria Bartiromo on Fox Business.

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The key is getting rid of these nonsensical shut-down rules.  As the lack of social distancing concern amid the protests has shown, the shut-down fears, rules and regulations are over-hyped and baseless. However, the blue state governors continue to fight economic re-engagement as they look to maximize negative economic impact for political gains.

Kayleigh McEnany White House Press Briefing – 2:00pm Livestream…


White House Press Secretary Kayleigh McEnany holds a press briefing with the white house pool in the Brady room.  Anticipated Start Time 2:00pm EDT

UPDATE: Video Added

WH Livestream Link – Fox News Livestream Link – Fox Business Livestream Link

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President Trump and First Lady Melania Visit St. John Paul II National Shrine and Memorial…


Earlier today, President Donald Trump and First Lady Melania Trump visited the Saint John Paul II National Shrine and presented a ceremonial wreath to observe remembrance of the former Pope. [Video Below]

After placing a wreath at the Statue of Saint John Paul II, the President and First Lady visited the Luminous Mysteries Chapel, John Paul II Blood Relic, and the Madonna Icon.

Kayleigh McEnany White House Press Briefing – 2:00pm ET Livestream…


White House Press Secretary Kayleigh McEnany holds a press conference with DC media from the Brady room. Anticipated Start Time 2:00pm EDT

UPDATE: Video Added

White House Livestream Link – Fox News Livestream – Fox Business Livestream

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President Trump Participates in “Transition to Greatness” Business Reopening Roundtable – Video


Earlier today President Donald Trump led a roundtable discussion with industry leaders on reopening the American economy. President Trump noted his administration built the greatest economy in American history before COVID-19 and is already at work on the “transition to greatness” to restore well-paying jobs and prosperity to all Americans.

Participating in the discussion with President Trump is: Larry Kudlow, Director of the National Economic Counsel; Ambassador Debbie Birx, M.D., White House Coronavirus Response Coordinator; Kevin Hassett, Senior Economic Advisor to the president; Tim Pataki, Deputy Assistant to the President and Director of the Office of Public Liaison; Treasury Secretary Steven Mnuchin and Labor Secretary Eugene Scalia.

External participants: Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts; Brian Goldner, Chairman of the Board and CEO, Hasbro; David Hoffmann, CEO, Dunkin’ Brands; Gary Kelly, Chairman of the Board and CEO, Southwest; Rodney McMullen, Chairman and CEO, Kroger; Oscar Munoz, Executive Chairman, United; Brad Smith, President, Microsoft and Sonia Syngal, CEO, Gap Inc.

Kayleigh McEnany White House Press Briefing – 2:00pm ET Livestreams


White House Press Secretary Kayleigh McEnany is scheduled to hold a press briefing from the James Brady press room today at 2:00pm ET.

UPDATE: Video Added

WH Livestream Link – FBN Livestream – RSBN Livestream – PBS Livestream

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Kudlow: American Economy, Workers and Consumers Poised For Great American Comeback…


White House economic adviser Larry Kudlow weighs in on reopening of U.S. economy in a post-pandemic country. White the second quarter economic data has more bad news yet to be assembled and reported, the U.S. economy, workers and consumers are poised to make a Great American Recovery.

The U.S. stock market is looking forward and climbing in response to the economic reopening; while -as expected- many blue state governors are intentionally attempting to hold back their economies and planning for a federal bailout to cover their revenue shortfalls. Remove the possibility for a bailout and those governors will be forced to join the reopening.

Kudlow also appeared on Fox News this morning.

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