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Investors are on red alert as signs of an economic slowdown loom: MSNBC financial analyst

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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.”

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2020 Election

‘The people of Montana are no fools’: Liberian refugee taking on Trump-loving Senator Steve Daines

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First-term Sen. Steve Daines (R-MT) was one of the few members of Congress to praise President Donald Trump's racist "go back" taunts that his supporters turned into a "send her back" chant against a black former refugee.

https://twitter.com/SteveDaines/status/1150859069084905472

In response, the Billings Gazette chastised Daines in an editorial, saying, "Montanans are more sickened by the never-ending torrent of childish, bigoted views that are shoveled from the White House that make the country look like bigots and idiots. And we're nauseous when folks like Daines invoke our state in defending a spoiled New York developer who would get tongue-lashed by most Montanans for the way he takes to Twitter."

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Democrat who lived under a dictatorship explains why she believes it is time to impeach Trump

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One of the Democrats on the House Judiciary Committee who will be interviewing special counsel Robert Mueller on Wednesday explained to MSNBC's Lawrence O'Donnell why she believes it is time to initiate impeachment proceedings against President Donald Trump.

Rep. Debbie Mucarsel-Powell (D-FL) immigrated to the United States from Ecuador as a child. When Mucarsel-Powell was sworn-in to office following the 2018 midterm elections, she became the first Ecuadorian-American and first South American immigrant member of Congress.

"Most Americans don't have time to read a 448-page report," Mucarsel-Powell said. "We found substantial evidence that shows us that the president obstructed justice. "And I think it is critical for the American public to understand that and that’s why this hearing will be very important on Wednesday."

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Watch Rachel Maddow broadcast ‘exclusive story’ that undermines Mike Pence’s claims

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MSNBC anchor Rachel Maddow on Monday presented an "exclusive story" -- that undermines public claims by the Trump administration.

Vice President Mike Pence has been among the biggest defenders of the detention camps the administration is running near the southern border.

Pence has described the treatment of detainees as "compassionate" and "excellent."

https://twitter.com/VP/status/1149879335454515200

But that was not what Maddow reported on Monday.

"You haven’t seen this anywhere else," she introduced. "This is the first time this has been broadcast."

The story was an exclusive interview NBC News correspondent Julia Ainsley conducted with a child refugee from Guatemala who was held in one of the camps for eleven days.

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