Post from Truth Social

Got some important numbers at the CME in Chicago Rick. They should be hitting a second right now In fact, yes, yes, they're hitting the wires as we speak These are of course personal income and spending for the month of April. We're also getting inventories Which are hitting the wire first wholesale inventories unchanged We're expecting up 4/10 retail inventories come in as expected down 1/10 of a percent and Personal income is up 8/10 up 8/10 of a percent that is almost triple the expectations and it Underscores we could talk about a lot of issues But when you look at income for the first four months of the year, they're powerful numbers, Joe Up 6/10 in January up 7/10 in February up a half and 1% last month up 8/10 this month This is a great four-month start to any year now with the income shooting up and by the way 8/10 is the strongest income month-over-month jump since May of 21 when it was 1.9 if we look at spending comes in exactly as expected up 2/10 This follows an up 7/10 number, which was the best since December of last year now Let's look at real spending adjusted for inflation comes in a little better at 1/10 But well below last month's up 7/10, which was the best since January of 23 if we look at the Inflation numbers and here we go on a month-over-month basis for PCE up 1/10 as Expected on a year-over-year PCE up 2.1 That's 1/10 lighter than we were expecting 2.1 equals SEPA 24 to find the lower one You're back to February of 21 now Let's look at the core numbers on a month-over-month basis up 1/10 exactly as Expected and if we look at a year-over-year perspective 2.5 exactly as expected a tenth lower than 2.6 last month, which then was revised to 2.7 Which makes us down 2/10 of a percent 2.5 Well the last time we were here if I have to go back Wow, it's been a while since 2.5 I would say that you're going back to the spring of 21 now We talked about inventories. The last number is of course a very important number to this administration This is the trade balance, which is a deficit expecting minus hundred forty three billion Wow, it comes in much much smaller minus eighty seven billion and now this follows this follows a 163 that gets converted to a hundred and sixty two billion with a minus sign the worst since record-keeping 1989 then we cut it in half to eighty seven point six 87.6 would be the lightest and I have to really go back 87.6 would be the lightest since Wow September of 23 sepp of 23 and this really does underscore how the movement of goods and services has really changed Due to a variety of tariff related issues now after all that where the markets well up a little bit We're at 441. We're now at 443 in a tenant by the way It's the last week at 451 a two-year is it 393 it was at 392 before the number down seven on the week and I will just point out one more thing both Maturities before the number were on pace for the lowest yield closes in three weeks But we see that rates have moved up just a smidge Joe back to you and if I were If I were the White House Rick, I'd be whether they can take credit for everything or not I'd be growing about all those numbers Every everyone it was there a single one that the income the income numbers really for the first four months of the year They're stellar. They're really stellar I mean I could go back and look at the first four months of many different years Really very strong numbers and you're right. This administration is criticized for just about everything under the Sun I've never ever in my lifetime Had glimpses into the politics of an administration in the form of transparency like this one Why don't we be you know give credit where credit is due? I also income really shooting okay I also thought everybody was gonna get one last Order of Imports that we're gonna be tariffed and they were loading up on things How the hell did that how did they how they already fix the trade or not fix it but to cut it in half? That's crazy. Yeah, so there wasn't a lot of front loading of things that they needed before the tariffs hit Yeah, I'll tell you what it really does calling the question some of the conventional wisdom And you know it's gonna be interesting to see what happens next month when we get this number or we see some of the other Numbers like current account see how they fared because I don't know I've been watching these numbers a long time I don't think I've ever seen the trade deficit cut in half of one month It's crazy um I mean you're gonna hear Trump say it's it's remember Biden used to say that it's working He used to say that that weird voice, but I can't hear you Joe. It's working Right come on man

Transcribed automatically. Expect errors in names and numbers.