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To: longnshort who wrote (1127622)	3/29/2019 7:12:16 AM
From: sylvester80	1 Recommendation Recommended By Fiscally Conservative Respond to of 1576159

BOMBSHELL: GDP Q4 final reading revised DOWN to 2.2% from 2.6%, and leaves full year short of Trump's goal of 3% growth... Fourth-quarter GDP IMPLODED DOWN to 2.2 percent. In all, 2018 closed with a 2.9 percent increase, short of President Donald Trump's hopes for 3 percent growth.Consumer and government spending, as well as nonresidential fixed investment, were revised down and subtracted from the reading. Jeff Cox \| @JeffCoxCNBCcom Published 22 Hours Ago Updated 20 Hours AgoCNBC.com cnbc.com US GDP fourth-quarter final reading up 2.2% 22 Hours Ago \| 01:18 Economic growth in the U.S. slowed in the final part of 2018, with GDP posting a gain of just 2.2 percent in the fourth quarter, the Commerce Department reported Thursday. The final reading was in line with expectations of economists surveyed by Dow Jones. That was down from the previous estimate of 2.6 percent and leaves full-year growth at 2.9 percent. Third-quarter growth registered 3.4 percent. In all, 2018 was the best year for the economy since 2015 and well above the 2.2 percent increase in 2017. The economy grew 3 percent when compared with the fourth quarter of 2017. Consumer spending as well as government expenditures at the state and national levels and nonresidential fixed investment all were revised down and subtracted from the GDP. Imports also were revised lower amid continuing tensions between the U.S. and its global trading partners. However, exports also rose, helping fuel the GDP rise. Overall, the fourth quarter increase tied for the slowest gain since the first quarter of 2018. Nonresidential fixed investment, a key sign of business activity, rose 5.4 percent, up from 2.5 percent in the third quarter. Equipment spending increased 6.6 percent but investment in structures fell 3.9 percent, its second consecutive decline. Residential investment also fell, down 4.7 percent for its fourth straight negative quarter. Exports increased by 1.8 percent while imports were up 2 percent. In addition to the waning GDP growth, corporate profits edged lower in the fourth quarter but finished the year up 7.8 percent, compared with 3.2 percent in 2017. Companies benefited from the White House-backed tax cut that slashed the corporate rate to 21 percent. WATCH: Nobel Prize winner Robert Shiller: Housing market 'looking a little bit weaker' Nobel Prize winner Robert Shiller: Housing market 'looking a little bit weaker' 2:03 PM ET Wed, 27 March 2019 \| 05:16 Trump wanted 3 percent The quarter wraps up a year of solid growth that was nonetheless a bit slower than what President Donald Trump was hoping to see. In the first full year for the administration's massive tax cut approved in 2017, GDP growth fell short of the 3 percent goal that the president had promised. A late-year slowdown in consumer spending as well as weaker business investment and uncertainty over trade were just a few of the issues helping cloud the economic horizon. This year has started off with more uncertainty. Economists largely expect growth to slow, and some are even looking for the first signs of recession. First-quarter GDP growth is likely to be below 2 percent, though earlier forecasts of a possible flat or negative reading appear unfounded now. The Atlanta Fed, for instance, had been tracking a gain of just 0.2 percent a few weeks ago but has since raised its outlook to 1.5 percent. CNBC's Rapid Update tracker of leading economists also sees a 1.5 percent growth rate for the quarter. Recent indicators also have been pointing up. The trade deficit fell sharply in January, and some of the regional manufacturing readings have come in better than expected. However, real estate and retail remain wild cards, and businesses are closely watching the U.S.-China trade talks, which resumed Thursday in Beijing. Get the market reaction here.

To: longnshort who wrote (1127622)	3/29/2019 7:25:31 AM
From: FJB	Read Replies (3) \| Respond to of 1576159

WAS QUEEN HARRY THE SECOND MOST EVIL LEADER AFTER THE KENYAN APE? WHY WAS THIS IDIOT EXERCISING IN HIS BATHROOM? GLAD TO HEAR HE IS SUFFERING! LOL --------------------------------------------------------- Harry Reid testifies exercise device injury cost him Senate By KEN RITTER yesterday LAS VEGAS (AP) — Former U.S. Sen. Harry Reid told a Nevada jury Thursday that his career was cut short by injuries he suffered when a TheraBand exercise device slipped from his hand and he fell in his home bathroom in 2015. From a wheelchair on the witness stand in a product liability lawsuit against Ohio-based device maker Hygenic Corp., the 79-year-old longtime Democratic leader covered half his face with his hand to indicate the bones he said were “smashed” when he spun around and fell against cabinets in his bathroom. Despite surgeries, he said he has irreparable retina damage and can only distinguish light from dark in one eye. “I hurt myself really bad,” he said. “I spun around. I can’t tell you more specifically. I hit the counter.” Reid is suing the TheraBand maker for unspecified monetary damages, claiming civil negligence and failure to warn the public the elastic physical resistance band was “unreasonably dangerous,” particularly for the elderly like him. He is due to resume testimony on Friday. The onetime prizefighter and longtime elected official was injured two months after Senate Democrats lost the majority in the November 2014. Reid remained Senate minority leader. “I knew I had to get out of the hospital as quick as I could and get back to Washington ... to assure the Senate that I was OK and would be back,” Reid told the state court jury in Las Vegas. “At that time, I was not sure I could be. But I put up a good front.” Reid said his eyesight loss hampered his depth perception and made reading difficult, and he later decided he couldn’t run for re-election in 2016. Laurin Quiat, an attorney for TheraBand, has argued that Reid was misusing the flexible resistance band and the company isn’t at fault. Reid hardened when questioned by Quiat about congressional Office of Attending Physician logs showing that for several months before his fall, therapy technicians instructed Reid how to use resistance bands to stay fit and improve his balance. Reid had been hurt earlier when he fell while jogging. Quiat waved a gray flat stretch of wide elastic band that he said was had been marketed safely for decades. The former senator insisted his grip was strong but he now believes there should have been handles on the smooth flexible device that he had looped through a sturdy shower door in his bathroom. He said he was using it as resistance for a rowing exercise. “All I know, if it had handles, it wouldn’t have slipped out of my hands,” he said. “Because you wouldn’t have accidentally let go of the band with the handle as opposed to a band without handles?” Quiat asked. “Is that what you’re telling us?” “If there were handles, it wouldn’t have slipped out of my hands,” Reid replied. Reid testified in a wheelchair but explained that it wasn’t related to the TheraBand lawsuit. Speaking with his characteristic breathy rasp, Reid said chemotherapy following surgery for pancreatic cancer affected vertebrae in his back, leading to additional surgeries. He said he’s now trying to regain the ability to walk. “My pancreatic cancer is in remission,” Reid said. “But my posture is really gone. I can’t stand up.”