President Trump is in New York City for the majority of this week attending the United Nations General Assembly.  Today, White House Press Secretary Stephanie Grisham makes two rare appearances on television to discuss ongoing events/issues.

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Ms. Grisham also appeared on Fox Business News with Maria Bartiromo:

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President Trump tours a new cardboard manufacturing plant in Ohio with plant owner Anthony Pratt and Australian Prime Minister Scott Morrison.   During the tour President Trump stopped to make remarks to the traveling press pool:

President Donald Trump meets-up with Australian Prime Minister Scott Morrison to deliver remarks at the Grand Opening of a Pratt Industries Plant in Wapakoneta Ohio. Anticipated start time is between 5:00pm ET and 6:00pm ET.

UPDATE: Video Added

WH Livestream Link – Alternate Livestream Link (Active Now)

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Secretary of State Mike Pompeo appears on Fox News Sunday to discuss the latest act of aggression by Iran and the Trump administration response.

Chopper pressers are the best pressers. As President Trump departs the White House traveling to Houston, Texas, the President stops to answer questions from the assembled press pool.  [Video and Transcript Below]

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[Transcript] THE PRESIDENT: Good morning. We have a busy day planned. We’re leaving now for Ellington Air Force Base in Texas. We’re going to spend some time on the floods. We’re going to be briefed on the flood. We’re going to make a big investment so we can try and help Texas with this terrible flooding that they’ve been having. So we’ll be talking to a lot of people and meeting a lot of people. That’s going to be at Ellington Air Force Base.

Then we’re going to Houston. Some of you are coming with me, I guess. And we’ll be going to Houston, and we’ll be at a very nice, big stadium packed full of people with Prime Minister Modi of India. He asked if I’d go with him, and I’ve accepted. And we’re going to have a good time with Prime Minister Modi. We have — I hear it’s a tremendous crowd. So that will be in Houston.

And then after that, I’m going to Ohio. Pratt Industries is opening a $1 billion plant. And I told Mr. Pratt, who is a great — Anthony — I told him if he does something really spectacular, I’ll go and cut the ribbon. And he did; he invested a billion dollars in Ohio. So that’s Pratt Industries. They’re great people. It’s a great company, headed by a very great businessman from Australia. So they’re bringing a billion dollars into Ohio, and I said I’d go and cut the ribbon, and here it is. We’re ready to cut a ribbon. It’s a great plant. So we look forward to that.

Then we’re coming home and then we have a lot of work at the United Nations during the next week.

Q Mr. President, is a meeting at the U.N. with Iran completely off the table?

THE PRESIDENT: Nothing is ever off the table completely, but I have no intention of meeting with Iran. And that doesn’t mean it doesn’t happen. I’m a very flexible person. But we have no intention — it’s not set up. We’re meeting with a lot of leaders. We have about 15 meetings set up, but Iran is not one of them.

Q (Inaudible.)

THE PRESIDENT: We had a great conversation. The conversation I had was largely congratulatory. It was largely corruption — all of the corruption taking place. It was largely the fact that we don’t want our people, like Vice President Biden and his son, creating to the corruption already in the Ukraine.

And Ukraine — Ukraine has got a lot of problems. He — the new President is saying that he’s going to be able to rid the country of corruption. And I said that would be a great thing.

We had a great conversation. We had a conversation on many things. In fact, I believe Ukraine put out a statement yesterday saying that we covered many different topics. It was a warm and friendly conversation. We backed — I backed Ukraine from the beginning.

But I’m very upset that other countries aren’t doing the same. Germany should be spending much more. France, all of the European Union should be spending money. Why are we spending money and they’re not? Or least they’re spending very little by comparison.

So I’m not happy about that.

Q Will you let Rudy Giuliani talk to Congress about what he asked Ukraine to do?

THE PRESIDENT: Oh, I would have no problem with it. Rudy is a very straight shooter. And Rudy wants to see the same thing as a lot of other people with respect to your Ukraine. Ukraine has had a tremendous corruption problem. Somehow they were involved in a lot of different things that took place in our country, and hopefully it can be straightened out.

And I will say, the new President — we had a very good talk. The new President got elected based on the fact that he would end corruption. That was probably his number-one thing.

Q Mr. President, do you think somebody was spying one you on that call with Ukraine?

THE PRESIDENT: Well, this whistleblower — or whoever it was — because it sounds like it’s not a whistleblower. You can’t have that happen to a President of the United States.

The conversation, by the way, was absolutely perfect. It was a beautiful, warm, nice conversation, and it was put out last night, also, by Ukraine.

But you can’t have people doing this. And you can’t have people doing false alarms like this.

And, you know, when the President speaks to the head of another country, he has to be able to speak to those people. And those people don’t want to know that that they’re being recorded or that you have a stenographer working. You don’t want to have to hear that. You can’t do that to a President and you can’t do that to other countries.

But with all of that being said, we had a very great conversation — very straight, very honest conversation. I hope they can put it out.

Q Is there a recording, sir, of that call?

THE PRESIDENT: Well, I don’t say anything, but whenever I speak to a foreign leader, I assume there are many people on the line. I don’t assume I’m talking to the leader. Any time I’m on the phone with a foreign leader, many, many people are on the line. Sometimes they’re taping calls. Sometimes they’re doing a stenographer.

But I also assume many people are on the line from the other side. So if I’m speaking to a country, they also have people on the line. So who would say a thing like what you’re saying?

Now, I will say this: I said absolutely nothing wrong. It was perfect.

Q Mr. President, you acknowledged that (inaudible) —

THE PRESIDENT: Listen to me. Listen.

Q — talked about the Bidens in your earlier answer.

THE PRESIDENT: Listen to me.

Q You acknowledged that you —

THE PRESIDENT: Listen to me.

Q — talked about the Bidens. Is that correct, sir?

THE PRESIDENT: Listen to me. I assume many people are on the line. I know that before I make the call. And that’s what you have — intelligence agencies, everybody listening. That call was a great call. It was a perfect call. A perfect call.

What wasn’t perfect is the horrible thing that Joe Biden said. And now he made it a lie when he said he never spoke to his son. I mean, give me a break, he’s already said he spoke to his son. And now he said, yesterday, very firmly. Who wouldn’t speak to your son? Of course, you spoke to your son. So, he made the mistake of saying he never spoke to his son. He spoke to his son.

But more importantly, what he said about the billions of dollars that he wouldn’t give them unless they fired the prosecutor. And then he bragged about how they fired the prosecutor and they got the money.

Q (Inaudible.) Was that a snub (inaudible)?

THE PRESIDENT: No, it’s not a snub at all. I’m very busy. I’m going on the floods today. The floods are very important to me. And climate change — everything is very important.

But today I’m going to Texas on the floods. Then I’m going to Houston on the big rally. It’s a rally for Prime Minister Modi, and he asked me to do it — of India — and I look forward to doing it.

Q (Inaudible) Joe and Hunter Biden (inaudible) because of their involvement in Ukraine?

THE PRESIDENT: Well, not only in Ukraine; take a look at China. They took a tremendous amount of money out of China. Now, if they ever took over a China negotiation, he would sell us out. Look at all the money he made in China.

The son, he knew nothing. The son is a stiff. He knew nothing, and he’s making hundreds of thousands and millions of dollars. And he did the same thing in Ukraine. He knows nothing.

This is a very dishonest thing that Joe Biden did. And then he said he never spoke to this son. Does anybody believe that one? But then he also said, long before, that that he did speak to his son. So he lied, again.

But what he said is that he wouldn’t give I think it was billions of dollars to Ukraine unless they fired the prosecutor who was looking at his son and his son’s company — the company that his son worked with. And that’s a very dishonest thing. And I’m not looking to hurt Biden.

I’m not even looing to hold him to it, to be honest. But he said a very bad thing. He said a very foolish thing.

Now, me, on the other hand, my conversation with the President — the new President of Ukraine was perfect. They put out a statement last night. They said the same thing. It was a warm, friendly conversation. There was no quid pro quo. There was nothing. It was a perfect conversation.

Q (Inaudible.)

THE PRESIDENT: Go ahead.

Q How do you explain the military aid, sir? How do you explain delaying military aid (inaudible)?

THE PRESIDENT: Because I want Germany and I want France and I want the European Union to put up money. And I didn’t delay anything. We paid the military aid, to the best of my knowledge.

Q (Inaudible.)

THE PRESIDENT: Listen to me. I gave so much more to Ukraine than Obama did. Go back and check your record.

Q (Inaudible.)

THE PRESIDENT: And you know what you should do? Also ask —

Q (Inaudible.)

Q Mr. President, can you tell us why anybody should be allowed to buy a gun without a background check?

THE PRESIDENT: We’re looking at it right now. We’re studying it very hard. It’s an issue that, frankly, Congress is wasting all their time on nonsense. We’re studying it very hard. If Congress would ever get back to work, we could work something. But Congress is doing all of this nonsense, this garbage that they’re doing. And I’ll tell you what — they don’t have any time. The Democrats in Congress are doing nothing. I’ll tell you what: They’re going to lose the election. You know why? Because they’re not doing anything.

Q (Inaudible.)

THE PRESIDENT: Well, we’re working very hard with some Democrats. The problem I have is that Jerry Nadler and all these people — they keep wasting time in Congress over nothing. They’re studying nothing. The Mueller report was perfect. Corey Lewandowski was magnificent. Everybody is perfect. They’re wasting time. They couldn’t accept the Mueller report. They couldn’t accept that defeat. They can’t now accept the fact that we have the best economy we’ve ever had, and we may be hitting another all-time high in the stock market.

Q (Inaudible.)

THE PRESIDENT: We’re looking at a lot of different things. They problem we find is the Democrats have very little time to talk because they’re wasting their time. You take a look at what they’re doing. It’s a total waste of time, and they know it. They know it.

Q (Inaudible.)

THE PRESIDENT: Say it.

Q (Inaudible.)

THE PRESIDENT: Well, we’re working with Joe Manchin, the senator, and we’re working with Pat Toomey. And we have a lot of people working on this. And we’ll be seeing, I’d say, over a period of time.

The problem that I have is the Democrats in the House especially, they’re totally unavailable to talk because they have hearings all day over something that’s already been won by us. They made up a story. It was a false story. It was a hoax. And, frankly, we have to get to the bottom of how it started. But they’re wasting all of their time on a hoax.

Q You said Jay Powell was a “bonehead” with “no guts.” But then you said his job is safe. Why?

THE PRESIDENT: Well, he’s got a job. And I could do things if I wanted. But I don’t want to do that. We’re so strong, despite Jay Powell. But Jay Powell is not helping us. Other countries have lower interest rates. We’re the primest of them all. But he has the rate —

Look, it’s very simple. He lifted the rates far too quickly, and he lowered them far too slowly. And it’s a shame. And it’s a shame.

Q Are there other boneheads in your administration whose jobs are safe?

THE PRESIDENT: Not too many. Not too many boneheads. We have a great — I’ll tell you what, we really now have a great administration. But what we have is a great Cabinet. Our Cabinet has done a great job.

Q (Inaudible.)

THE PRESIDENT: Go ahead.

Q Is the White House blocking the Director of National Intelligence from sending the whistleblower complaint to Congress?

THE PRESIDENT: No, he is a great gentleman — Joe. He’s doing a fantastic job. And I know one thing: He’s only going to do what’s right. But he is doing a fantastic job. And he’s only going to do what’s right. But just so you understand, the conversation I had with the President of Ukraine was absolutely perfect. And people better find out who these people are that are trying to subvert our country, because here we go again. These are bad people.

But the conversation I had with the President of Ukraine was absolutely a 10. It was perfect.

Now, what you have to do is look at the corruption on the Democrat side. Take a look at how the whole witch hunt started. Now they want to try and start another witch hunt. But unfortunately this one is reverting now to Joe Biden, because he’s done some very bad things.

And I’m not even looking to hurt him, to be honest. He needs all the help he can get. I’m not looking to hurt him. I’m not looking to hurt his family. But the corruption and what he said is a terrible thing.

Thank you.

[Transcript End]

Today President Trump will be traveling to NRG Stadium in Houston, Texas, to join Indian Prime Minister Narendra Modi at a celebratory event. India is a key geopolitical ally in President Trump’s Indo-Pacific strategy. [Economics, Trade and Security]

Update: Video Added

President Trump will deliver remarks at “Howdy Modi: Shared Dreams, Bright Futures” at approximately 12:00pm ET / 11:00am CT.  (Livestream Links Below)

GST Livestream Link – Alternate NTV Houston Livestream

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Prime Minister Scott Morrison and U.S. President Donald Trump will meet up again on Sunday in Ohio as both leaders continue to emphasize the relationship.  Today, PM Morrison laid a wreath at the tomb of the unknown soldier, and then delivered remarks to diplomats during a celebration at the official residence of the Australian Ambassador.

Prime Minister Morrison shares his, and his wife Jennifer’s, experience yesterday with President Trump and First Lady Melania.  The official state dinner was apparently an overwhelming hit with the Australian leadership….  Good Stuff:

Last week U.S. economic data included the Labor Department’s report on initial filings for unemployment benefits, at historically low levels. Also last week, the Commerce Department reported the U.S. housing market (new homes and permits) was the strongest since 2007. Then came the Philadelphia Fed’s index of manufacturing business activity in September, more than doubling estimates as factories continue to expand.  And if that wasn’t too much winning, the Commerce Department then announced August retail sales growth was double expectations.  Main Street USA is very strong.

None of the economic data supports the almost month-long ‘recession narrative’ pushed by financial pundits and media narrative engineers; and next week the second estimate of Q2 GDP growth will be released. Attempting to retain the smallest remaining whiff of credibility, the Bloomberg economists now announce they’re cancelling the recession.

Yes, in a piece titled “Hold That Recession – U.S. Indicators are Trouncing Forecasts“, Bloomberg admits the economy doesn’t match their gloomy narrative:

(Bloomberg) — The U.S. economy is outperforming expectations by the most this year, offering a fresh rebuttal to last month’s resurgent recession fears fueled by the trade war and a manufacturing slump.

The Bloomberg Economic Surprise Index has reached an 11-month high after four indicators released Thursday, including existing home sales and jobless claims, each surpassed expectations.

The gauge continued to advance after swinging to positive from negative on Tuesday for the first time this year. The data also pushed a similar measure produced by Citigroup Inc. to the highest level since April 2018.

“It says things are getting better,” said Jim Paulsen, chief investment strategist at Leuthold Group in Minneapolis “There’s a definitive change in the growth profile and there’s an acceleration in growth. It’s interesting how pessimistic the attitudes still are among investors, yet when you look at surprise indexes, you would think people would feel better about growth. There’s a disconnect.” (read more)

Yes, there is indeed a “disconnect”.  We’ve been talking about it on these pages for almost ten years.  When you focus on the America-First economic agenda, Main Street thrives.  However, the outcomes for Wall Street are no longer attached to the success of Main Street USA.

And when you apply MAGAnomic policy, well, the Era of De-Globalization is here.

There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.

The more a nations’ economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization. U.S. companies that are invested in these nations will lose their investment over time; some rapidly. This will keep the stock market volatile, yet the Main Street USA economy is thriving.

Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed. Thus there’s a disconnect and accompanying market volatility.