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Oh -- the annual gdp growth rate never broke 3% under president obama. i tend to like to look at this one a little more. last time we saw that kind of growth was during the bush administration, 3.3%. back in 2005. right now, federal reserve officials forecast gdp to be up by 2.8% compared to last year, for all of 2018. then to tail off to 2.4% in 2019. and 2% in 2020. i have seen numbers that are higher estimates for this year than 2.8%. im going to call it 3 for arguments sake. thats probably a...

It has a lot of inputs and outpou outputs, labor force, wages. it is interesting. it is not the most interesting thing. something that is interest, this is a quarterly rate that is annualized. 4.1%. under president obama in the second kwarquarter of 201, it i. 2011, it was 4.5%. 2009, it was 4.5%. this would be the fifth strongest quarterly growth in the obama administration. this isnt to diminish. >> right. >> it is important to say it does happen. by the way, the quarterly growth number, unles...

That, but i want to point to the market right now. if this were as wild as the president, i suspect, is going to tell you it is, you know, we might see a different stock market at the moment. its fine. its at the -- the president and his people seem top hi hint you might see something with a 5 at the front of it. we got a 4.1, thats pretty good. u.s. gdp growth this quarter is 4.1%. that is measured every quarter and then it is annualized. so on an annualized basis, the economy grew 4.1%. then w...

Straight quarters of 3% economic growth. low unemployment, fantastic for everyone. the tax cut has delivered a $2600 cut to every family in this country. there are areas of concern. wages dipped the last quarter. they are still up 2.8%. under obama, they were flat. the trade deal is tough. some places, you have steel companies closing and you have aluminum companies opening up. what he did with the ee was very smart. i think what he did is he is saying for a short term pain, we want long term ga...

Unemployment claimed to 4% from 3.8%. the reason they moved higher is because more people are coming into the work force so theres more supply due to new people. equity markets are doing fine. >> well be watching this today as the markets open here in the united states. lets talk about facebook while i have you with regard to cambridge analytica. facebook had a lot of bad p.r. as of late a lot of recent financial hits as well, but mark zuckerberg seems to have finally gotten some good news wit...

Overnight. asian equities trading in the green. perhaps the case of the fact weve been talking about it so long. now that its actually happened, no one is that surprised, but also a little bit of negative news that came in yesterday. president trump warned he may impose tariffs on an extra $500 billion worth of goods. if that happens, may not be a good thing for financial markets. >> looks like its not slowing down soon. neither side backing down. focus on the job report here in the u.s. switchi...

Border so in theory theres a trade deficit in goods of $17.5 billion. that would be interesting if america and canada were primarily manufacturing industries, but theyre not. we do a lot in services. in 2017, we exported 58.7 billion of services, imported $32.8 for a $25.9 billion trade surplus with canada. you add up that trade deficit and that trade surplus and you have a $17 -- you have $8.4 billion trade surplus. so thats the important part. it is not a trade deficit as donald trump continue...

Statisti statis but gdp was revised down. just y and th labor department, the bls came out and said there has not been an inkrecrease in hour wage fls a year ag not in supervisory a decrea do the things concern you? >> well, the wage are some says that up a lot growing at 4% a year, but in first quarter gdp numbers, the 2% number was probably a 2.8 becaus theres this leftover season and the thing we have b looking for -- >> so you dont buy it. >> no, but something you an talked about before was ...

Stephanie, we do not have a shortage of jobs in the united states irrespective of what the white house has been saying. we have 6.7 million open positions. we have a massive skills gap that keeps the open positions from being filled. so while its always nice to see jobs being created in the state, particularly a state like wisconsin, which probably needs the diversification of other industries, it is, number one, expensive, but two, flies in the face of reality were searching for jobs and not se...

The national average, okay. so it really doesnt make a lot of sense. so you think about it. theres really one fly in the own mnt intment -- >> they have 2.8% -- >> they do. apple i-phone, it says assembled in china, you know, so 45% of foxconn sales come from apple. this is apple, im sure, putting pressure on foxconn saying were not going to build factories in america. we have the most profitable electronics business that has ever hit this planet, okay so youre going to do this cheap little stun...