Peter Moricci News Today

Court. Jackie ibanez has more. Reporter no electricity or plumbing, made of mostly garbage. The 11 children living there had easy access to loaded assault rifles. Prosecutors say the 5 adults keeping children of the compound were treating them to become school shooters. Local information taking place. We also knew from surveillance there was a shooting on the west side. Reporter according to Court Documents the adult, quote, transported children across state lines for the purpose of receiving ad...

For average americans? his chief economist for the international trade commission peter moricci. is it realistic? >> it is campaign talk, hyperbole, not possible to grow at a 5% rate and politically he will regret it. every president the matter how well he does, i can see that soundbite popping up when he has a bad quarter and democrats using it against him. rob: just like the stock market, you brag about the stock market to live and die by it, it comes and goes. and the last -- president obama ...

>> in virtue of that. rob: how realistic is 5% gdp growth? peter moricci crunching the numbers next. >> the first of its kind that could impact ridesharing services nationwide. stay right there. [ loesch ] this is superbeets and i swear by it. it gives me more healthy energy

American worker. >> robust job gains, rising after-tax income and optimism among households lifted consumer spending in recent months. difficult to predict the ultimate outcome of current discussions over trade policy. overall we see the risk of the economy unexpectedly weakening as roughly balanced with the possibility of the economy growing faster than we anticipate. rob: democrats threatened by the presidents economic success as we head into the midterms. former us international trade commiss...

Donald trump and kim jong un and pompeo met with kim jong un to help facilitate that for the president. >> he wants to have the ability to sit down and have these conversations and in that process they have been open with their willingness to denuclearize and that has been the focus. >> this week a critical test for that summit is kim is expected to cross over into south korea to meet with south koreas president. >> thank you. the first of several busloads of illegal immigrants arriving at ameri...

Clinton telling the audience the election was, quote, devastating. house minority leader nancy pelosi taking game and the rich even though she is actually the most wealthy woman in congress. nancy pelosi channeling martin luther king jr. to attack the balanced-budget amendment. >> peter moricci never intended a group of people to live in superfluous inordinate wealth while others live in abject poverty. >> pelosi had a net worth of the $43 million in 2016. facebook ceo speaking of someone else r...

Heather: this is not just a fluke you are talking about, the mentality of hard work, that unemployment rate 34 consecutive months, something that seems to continue. >> if you go up on capitol hill and start talking about this stuff to democratic politicians they will look at you like you are from another planet or you are a late arrival from the 18th century and probably they would prefer your university fire you. that is the basic mindset, america has to get back to the mindset that work is goo...

Now. they are sitting on lots of known reserves they are choosing not to drill on. in part because they are doing so darn well without it. now, my only point there is not that peter is wrong but that all of the incentives are pointing in that direction. i would look to the government to say, come on, guys, youre making a bad business decision. thats just wrong. >> peter, whats your response? >> well, i agree with jared that they do have those opportunities. but it could be broader. more of the g...

Disposable person income did not grow at all. so how hard are gas prices hitting the economy? is there anything we can do? is this due it speculation or longer turn supply and demand problems? with us now is jarod bernstein and former chief economist peter moricci. welcome, gentlemen. gas prices, whats really behind this, jarod? and is there anything in the near term that we can do? is there any short term fix? >> first of all, im trying to get that milk shake out of my head. i think im okay. it...

Short sided. we can expand production from 6 million barrels a day to 10 million a day with conservation we can cut down what we import by a couple million barrels a day. then that money stays here, stimulates our economy, creates jobs. >> jared, you were in the white house until recently. what is the administrations thoughts on boosting the economic production even in the wake of the bp scandal? >> not all that different from what peter was just expressing. obviously in the wake of that real di...