U.S. managing editor for the Financial Times Gillian Tett told MSNBC Friday that the lower than expected jobs report coupled with the dramatic drop in household net worth may signal a slowdown — and investors are very nervous.
“We already knew the stock market crash at the end of last year, if not a crash then a sharp decline, had caused damage in terms of household net worth,” Tett said. “The big question right now is looking forward to the rest of 2019 and saying ‘what does this job number mean for where the economy is going.'”
“On one level the data was badly distorted by the government shutdown,” she said, adding that “figures are sort of okay” depending on how the numbers are analyzed. “But the fact that waves are ticking up so sharply is going to put a lot of pressure on the Federal Reserve to think about whether it could afford to sit on its hands.
“At the same time a lot of economists, a lot of investors are on red alert, or what I call ‘canary alert,’ looking for canaries in the coal mine, suggesting that the economy is going to slow down,” Tett went on. “The today’s job numbers just may be nota debt canary, but certainly a canary that is ailing a little bit.”
Watch the video below.
Giuliani can’t whine about ‘fair play’ when his boss is denying electoral fairness to the American people: columnist
President Donald Trump's attorney Rudy Giuliani has been raging against the impeachment investigation that came about, in large part, due to his own behavior. On Tuesday, he wrote an op-ed for the Wall Street Journal lamenting that the impeachment process is "unprecedented, constitutionally questionable, and an affront to American fair play."
As Danielle Allen wrote for the Washington Post on Wednesday, Giuliani wanting to talk about "fair play" is a rich proposition.
Trump made a ‘huge mistake’ talking to reporters about impeachment: Mueller prosecutor Andrew Weissmann
One of former special counsel Robert Mueller's top prosecutors explained on MSNBC how President Donald Trump made a "huge mistake" on Wednesday.
Andrew Weissmann, who is now an MSNBC legal analyst, was interviewed by Chuck Todd on "Meet the Press Daily."
The former federal prosecutor says Trump committed a blunder by denying a call with a Gordon Sondland staffer.
"Why is that?" Todd asked.
"Because he now can’t rebut it," Weissman replied.
"He has now said I don’t remember that phone call. So you’re going to have Sondland testifying to it. You’re going to have a staffer testifying to it," he explained. "If [Trump] doesn’t like their testimony, he’s going to have to say, 'Oh, now I remember that I didn’t say that.'"
Republicans want Americans to believe Trump cared deeply — about something he never mentioned
One of the main points made by Republicans during the House hearings on the impeachment claimed that President Donald Trump cared so deeply about corruption in Ukraine that he was holding back the funding. It wasn't bribery because it was all about legitimate foreign policy, according to Trump and the Republicans in Congress.
Their greatest problem is that Trump has never held back speaking out about something he cared for. As the Washington Post noted, the argument doesn't stand up.