Democrats flip economy on Trump to help win 2025 elections
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20hon MSN
A reality check for Trump's economy and the shutdown threatens to ground flights: Morning Rundown
Trump's argument that he's making ordinary household necessities more affordable has failed to take hold, the exit survey suggested. NBC News exit polls showed that most voters in Tuesday's elections said they were either holding steady or "falling behind" in their personal finances.
As Americans have raised concerns about rising prices, a possible recession, a cooling labor market and an ongoing government shutdown in recent months, economists have warned the U.S. economy may be “K-shaped,” with spending trends becoming divided among low- and high-income consumers.
Morgan Stanley’s Mike Wilson was a lonely voice on Wall Street calling a “rolling recession” when others saw a boom. Now he sees a “rolling recovery.”
Economic worries were the dominant concern as voters cast ballots for Tuesday’s elections, according to preliminary findings from the AP Voter Poll.
In past shutdowns, estimates of lost economic activity have reached into the billions of dollars. In the context of a $30 trillion economy, that’s not a lot. But on the margins, economists say it can have an effect.
21hon MSNOpinion
Hiltzik: How bad is Trump's economy? Election results say it's very bad, and getting worse
For businesses, the effect of Trump's incoherent economic policy decisions is to freeze their planning in place. A recent poll of corporate chief executives indicates that the business leaders are fully alive to negative trends that may yet be undiscerned by ordinary Americans.
Private-sector job creation bounced back in October, according to a snapshot of the labor market that has become more closely watched in the absence of official federal jobs data.
For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer spending, buoyed by record stock market highs. Hourly pay is now rising fastest for the highest earners, reversing a pandemic-era trend that favored the lowest-paid workers, according to the Federal Reserve Bank of Atlanta.
When it comes to meals in the sky and business class, no one beats JetBlue, say readers. The post USA Today readers really like JetBlue. Here’s why. appeared first on Boston.com.
America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth. But hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans give this economy a near-record-low rating.