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The New York Democrat argued that ambitious programs can easily be financed through deficit spending. ET Stocks rallied Wednesday as Federal Reserve Chairman Jerome Powell testified about challenges facing the U. economy, adding to expectations that the central bank will cut interest rates later this month. STEVE INSKEEP, HOST: The job market accelerated last month. President Trump has meetings scheduled with at least eight world leaders over the next three days.None is more consequential than his sit-down Saturday with Chinese President Xi Jinping. The central bank's rate-setting committee said the economic outlook is still generally positive — with low unemployment and solid consumer spending. The monthly snapshot from the Labor Department suggests businesses are increasingly cautious in the face of the Trump administration's ongoing trade wars.At the same time, the president is also calling on the Federal Reserve to cut interest rates again to help boost growth. ET Investors paused to catch their breath Thursday, one day after the stock market suffered its worst drop of the year. The Dow Jones Industrial Average gained nearly 100 points, or 0.4%. The stock market soared Tuesday on news that the Trump administration is postponing some tariffs on Chinese imports this fall, sparing popular consumer items such as cellphones and laptops until after the Christmas shopping season. Other Chinese imports will still be hit with a 10% tariff on Sept. The administration reportedly was guided by which products could most easily be obtained outside China.Market indexes closed up modestly as investors digested mixed signals about prospects for the U. But there were still some head-scratchers on the tariff lists. ET The Trump administration is postponing some of its new tariffs on Chinese imports — a significant retreat in the trade war that has rattled financial markets on both sides of the Pacific."We're either going to make a great deal or we're not going to make a deal at all."When Rep. That is far more than many analysts were expecting and also a sharp improvement over a disappointing May. But once he arrived in Osaka, he appeared to set aside those concerns, using a rapid-fire series of meetings to flatter his fellow leaders and boast about improving ties.Alexandria Ocasio-Cortez rolled out her "Green New Deal," calling for clean energy, universal health care and guaranteed jobs, one of the first questions she got was: How do you plan to pay for it? Summits like the G-20 being held this week in Japan are often a chance for geopolitical speed-dating.
He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.The two big, very different personalities will be jockeying for global power and economic might, with hundreds of billions of dollars in trade on the line. ET The Federal Reserve left interest rates unchanged Wednesday but signaled it is ready to cut rates in the future if necessary to shore up a slowing U. But trade tensions, a slowdown in manufacturing and sagging business investment have injected more uncertainty into the crystal ball. ET Ronald Reagan's former budget director, David Stockman, calls Art Laffer "the greatest Fake Economist to ever come down the pike." Laffer helped popularize the notion that tax cuts pay for themselves through faster economic growth. But Laffer and his namesake curve remain darlings of Republican politicians. White House economic adviser Larry Kudlow said Thursday that the Trump administration is determined to make China play by the rules of international trade. " Kudlow told an audience at a pro-trade think tank in Washington. Author Brooke Bessesen offers pertinent identification features as well as behavioral quirks.Book and magazine designer Keith Whitney presents a visual feast from a large group of talented photographers, some of whom I have met in person and through an online resource coordinated by Peggy Coleman-- the Facebook group Birding Arizona and the Southwest.