Your daily source for trading strategies, tech news, and politically incorrect humor.
Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
One of the most well-known economists is born on this day in 1883. Can you guess who?
Think you know the answer? You can check it in the closing area down below!
Image Source: Mark Makela / Getty Images
After April’s disappointing addition of a meager 278,000 jobs—compared to predictions of one million payrolls—May’s numbers seemed pretty impressive. At least that’s what President Joe Biden thought as he boasted about them in Delaware yesterday.
As I previously shared, the economy added some 559,000 gigs last month, and saw the unemployment rate dip beneath 6%, to land at 5.8%.
Of course, it comes as a surprise to no one that Biden took credit for this promising data.
“None of this success is an accident,” he said, yesterday. “It isn’t luck. It’s due in no small part to the cooperation of the American people. And it’s due in no small part to the bold action we took with the American Rescue Plan. This is progress that’s pulling our economy out of the worst crisis in the last 100 years.”
He continued: “[Virus] cases are down. [Virus] deaths are down. Unemployment filings are down. Hunger is down, and vaccinations are up. Jobs are up. Wages are up. Manufacturing is up. Growth is up. People gaining health care coverage is up. Small business confidence is up. America is finally on the move again.”
What Biden didn’t address, however, was that the May jobs report came in far below expectations, and that the economy is still approximately 7 million payrolls away from its pre-pandemic health. He didn’t address how we get there, from here.
Other News That Matters To You:
The easiest way to protect your wealth and retirement savings
Image Source: AP
Former President Donald Trump is slated to speak at tonight’s yearly Republican convention in North Carolina, and has two rallies on deck before Independence Day. And this year, he is likely to drop Hillary Clinton as enemy number one, and target Dr. Anthony Fauci, instead.
He certainly has a lot of material to work with, and that was even before the recent release of thousands of incriminating emails to and from the director of the National Institute of Allergy and Infectious Diseases.
“People see Anthony Fauci and they think of shuttered businesses, lost school,” said Trump’s top aide.
Fauci and Trump have long had a troubled relationship, and, last week, Trump released a statement condemning Fauci’s correspondence with China. How else will Trump throw punches at this inept doctor?
More Headline You Need To Read: