5.27.20 News Roundup! Larry Kudlow’s Interviews, New Home Sales Blow Away the Expected Number, Stock Market Is Continuing To Rise, 3rd Quarter Real GDP Rate Could Shatter the Record, Peter Navarro’s Interview, Democrats Are Going To Watch Their Worse Nightmare Play Itself Out, Kayleigh McEnany’s Press Briefing, Richard Grenell Responds To Mark Warner, Richard Grenell Declassifies Wiretapped Flynn-Kislyak Transcripts & Leaves Release Option for Incoming DNI Ratcliffe, PDJT’s Remarks Discussing Protections for US Seniors With Diabetes…..

White House economic adviser Larry Kudlow weighed in on reopening of U.S. economy in a post-pandemic country.

The U.S. stock market is looking forward and climbing in response to the economic reopening.

The Economic Train is getting ready to roll in the very near future. We are starting to see signs of it.

From the article linked above:

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly reported the new residential sales statistics for April 2020. New home sales unexpectedly rose 0.6% (±14.9%) to a seasonally adjusted annual rate of 623,000 in April, easily beating the consensus forecast.

Forecasts ranged from a low of 450,000 to a high of 592,000. The consensus forecast was only 495,000.

From the article linked above:

  • As the stock market surges, the S&P 500 has broken 3,000, a level that potentially signals a longer uptrend for the market.
  • The S&P broke above its 200-day moving average, a widely watched momentum indicator less than a point below 3,000, but it failed to hold it on its first try.
  • Analysts said the market rally is broadening to include small caps and more cyclical names, another positive sign, and they expect it take another run at the 3,000 level.

The S&P 500 actually crossed two key milestones when it opened above the psychological level of 3,000 for the first time since early March. But more importantly, it first broke above the 200-day moving average, a momentum indicator that signals the potential for a more bullish tone for the market.

The Democrats, MSM, Never Trumpers, SleepyCreepy Joe, BHO etc. are panicking because they know that there was only one person responsible for where the economy was prior to the shutdowns and where it will be as we lead up to Election Day (3rd Quarter real GDP rate will be released on October 29th). Four days prior to Election Day. Undecided voters will be making up their minds at that point in time.

From the article linked above:

Tuesday on Fox News Channel’s “America’s Newsroom,” White House Economic Adviser Larry Kudlow said he sees “glimmers of hope” and “growth” for the United States economy ahead after a brutal hit on the economy due to the coronavirus pandemic.

Kudlow pointed to “positive developments” for a “very strong” second half of 2020, predicting the third quarter “could be the fastest-growing quarter in U.S. history.”

“I think you’re in a turning zone phase. As we’ve said time and again, the second quarter is going to be a rough quarter,” Kudlow emphasized. “It’s a … pandemic contraction, a lot of hardship on the unemployment claims — a lot of heartbreak there. But these signs, and I think the market is rallying on these signs, Sandra, these signs are showing a lot more glimmers of hope and growth. And the signs seem to be mounting.”

He continued, “The consumer confidence number, just a point, the number was up a bit, which is good, but in six months, they have a six-month expectations component, and that’s where you see a big takeoff in consumer confidence.”

White House Trade and Manufacturing Advisor Peter Navarro (AKA The Assassin) had a discussion with Martha MacCallum about the economy, White House economic policy and the focus in the aftermath of the COVID crisis to reemphasize an industrial resurgence in the U.S.

The Assassin goes on to say that our President is going to deliver a very deliberate, very strategic, very focused and very painful economic blow to Beijing.

From the article linked above:

“We are about to see the best economic data we’ve seen in the history of this country,” says a top former economic adviser to Obama.

[…] “Everyone looked puzzled and thought I had misspoken,” Furman said in an interview. Instead of forecasting a prolonged Depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag — truthfully — about the most explosive monthly employment numbers and gross domestic product growth ever.

[…] Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic. “This is my big worry,” said a former Obama White House official who is still close to the former president. Asked about the level of concern among top party officials, he said, “It’s high — high, high, high, high.”

[…] “I totally agree,” Larry Kudlow, head of the White House National Economic Council, replied in a text message when asked about Furman’s analysis. “Q3 may be the single best GDP quarter since regular data. 2nd half super big growth, transitioning to 4% or more in 2021.” He called Furman, whom he said he knows well, “usually a straight shooter. Hats off to him.”

“I have been saying that on TV as well,” said Kevin Hassett, a top Trump economic adviser, who pointed to a Congressional Budget Office analysis predicting a 21.5 percent annualized growth rate in the third quarter. “If CBO is correct we will see the strongest quarter in history after the weakest in Q2.”

White House Press Secretary Kayleigh McEnany held a press briefing yesterday.

[Video and Transcript Below]


Here are some shorter video clips:

When you ask stupid questions, you may get answers you don’t want to hear:

On his way out the door, Richard Grenell responds to a Mark Warner inquiry demanding justification for his naming of unmaskers.

Specifically pointing to the release of names that unmasked Trump administration officials Grenell notes “the decision to declassify the names of individuals who sough to unmask the identity of General Flynn poses absolutely no risk of compromise of either sources or methods.” Grenell also tells Warner, “cherry picking certain documents for release while attacking the release of others that don’t fit your political narrative is part of the problem the American people have with Washington DC politicians.”

Former Acting Director of National Intelligence Richard Grenell also has declassified the transcripts of the wiretapped phone conversations between former National Security Advisor Michael Flynn and Russian Ambassador Sergey Kislyak.

Richard Grenell is leaving the decision and timing for their release to incoming DNI John Ratcliffe.

From the article linked above:

Richard Grenell has declassified a new batch of Russia probe documents on his way out as acting director of national intelligence, leaving the decision on whether to make those files public up to newly sworn-in Director John Ratcliffe.

The documents include transcripts of phone calls that then-incoming National Security Adviser Michael Flynn and then-Russian Ambassador Sergey Kislyak had in December 2016, during the presidential transition period.

Grenell said publicly last week that he was in the process of declassifying those files, after House Intelligence Committee Chairman Adam Schiff, D-Calif., asked that he do so.

Fox News has learned that the declassification review of those transcripts is now complete, and it will be left up to Ratcliffe on whether to release them publicly.

Fox News has learned that Grenell also completed the declassification review of other documents related to the origins of the Russia probe — including one that a senior intelligence official told Fox News was “very significant in understanding how intelligence was manipulated to support launching the Russia investigation.”

The official could not provide further details on that newly declassified document, but said that it will also be up to Ratcliffe to decide whether to make it public.

Yesterday our President delivered remarks specific to the protection of US seniors with diabetes and pre-existing medical conditions.

[Video and Transcript Below]


Here are some shorter video clips:

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