Jay Ratliff discusses latest jobs report

Episode Transcript

Speaker 1 (00:00):
Joining us now Jay Ratliff from Daytrade Fund dot com
to take a look at a couple of things happening
with our money and the FED, and oh my gosh, Jay,
the adjustment on the latest job numbers revision is not good.
It came down or went up, depending on how you
look at it.

Speaker 2 (00:16):
We're used to seeing adjustments, but this was a record
breaker when they showed that the numbers were revised down
by over nine hundred thousand through March, and it kind
of sent the rippled, if you will, through the markets
that the economy may not be quite as strong as
we think it is. The job security, the foundation that

(00:40):
we have as far as job creation may not be
as strong as we were looking for. And of course
that means that all eyes were looking at the FED,
and of course FED Chairman Jerome Pale in a recent
meeting in Jackson, holl It indicated we're preparing to change
our approach, which sent the very clear signal looks like
an interest rate cut and Saidetember, but we don't know,

(01:01):
you know, twenty five basis points, fifty basis points, and
I was certainly leaning towards the former, but now we've
got to wait. But Today, we've got some price index
numbers that's coming from manufacturing, and then we've got on
Thursday tomorrow the personal index. As far as the inflation
numbers in the next two days, I think are going
to tell the story if we're going to have a

(01:23):
twenty five basis point September interest rate cut or fifty
basis point. So at this point in time, at the
end of the week, we should have a pretty good
indication of which way the Fed could go. Because again
some people are looking at these numbers, that adjustment and
other things. JT is saying, look, the Fed's been too
late to this, and they've got to act now, and
they've got to act more than they perhaps have planned on,

(01:46):
which is why some people are coming down on the
fifty basis point side, saying they've got some ground to
catch up. Yeah.

Speaker 1 (01:51):
I saw yesterday that the Chase CEO Jamie Diamond said
that this is obviously, you know, the economy is weakening
with these massive job numbers revisions we're seeing. And then
Caroline Levitt said, and here comes the politics of all this,
and look, President Trump inherited the worst economy you know,
from Joe Biden. So President's trying to fix this.

Speaker 2 (02:12):
I still look at my watch and say, how long
has he been on watch here? You know, a few months,
and you know it's going to be a long time
to turn things around. And he certainly got things pointed
in the right direction. And you and I've talked about it,
other than the Trump administration being soft on the airline
industry and not holding them more accountable, which is I
wish is what they would do everything else as long

(02:34):
as they keep that national debt under control. I am
one percent behind everything I'm seeing from President Trump right now.

Speaker 1 (02:40):
All right, I want to get your thoughts on what
the judge ruled yesterday and said, Donald Trump, you cannot
fire Lisa Cook yet she's the federal governor and typically
they're a member of the Federal Reserve Board, which is
all part of this big money picture. So first of all,
why does he want her out? Second of all, why
did the judge jump in here?

Speaker 2 (02:58):
Well, I think it's a matter of he doesn't think
she's doing a good job, and he's basing that on
past performance, and he feels it certainly in his preview
as president, who appoints the FED chair to also have
a say in those that work with and for Jerome Powell,
and the thought being that President Trump has the authority

(03:18):
to do so. And of course, you know, I'm waiting
for a judge to rule that Donald Trump can't go
to McDonald's to buy a sandwich, because they seem to
try to, you know, legislate every other part of his life.
And you know, this is a slowdown. We'll see where
things go. Typically what happens if it's immigration or any
other policy, even the tariffs, you've got judges saying is

(03:38):
beyond the scope of the President of the United States,
even though you've got a whole slew of others who
say it is completely with him. Is but not a
I would say, not a week goes by, But JT.
I think it's not three days go by that we
don't have some judge somewhere, normally a non Trump appointee
that's ruling what he's doing is, you know, beyond his

(04:00):
scope of power. And as it's been. I mean, this
guy's lived in the courts for ten years and it
continues to be the case. Is they try to throw
speed bumps in his way.

Speaker 1 (04:09):
Yeah, I was talking with John Decker White House course
Final last Hour about this very thing. And it seems
to me that Donald Trump, the other you know, has
been attacked judicially in his administration and personally more than
any president I can remember. I mean, does it appear
to you that every turn they're challenging him in the
courts some way.

Speaker 2 (04:28):
Or some fashion ten times over, my friend, and I
think the reason for that. And I've talked with people
who said, Jay, why would they be doing this knowing
that he's only got this term and that's it. You know,
obviously they're going to put up opposition, but this almost
seems to be a frenzy. And you know, the thing was,
when Donald Trump came off the sidelines from business in

(04:49):
the first round it was elected president, it proved that
anyone could do it if they wanted, if Oprah, if
you know, anybody else that was qualified to be president
could come off the sideline from a business standpoint and
step right into the political stream saying my turn. And
that scares both sides to death. So one of the
reasons they've gone after him, they're trying to discourage anybody

(05:11):
else who will ever come off the sideline saying I
think I could serve my country in this way, because
They don't want people doing it because they know we're
so fed up with both sides of the aisle that
if we have a Ross Perot type person, a Donald
Trump type person, somebody that comes in who has a
solid business credential, a career of it, they could apply
that to Washington, d C. I'm sorry, a lot of

(05:34):
us are very appealed by that and would love to
have that kind of person in the White House, male
or female.

Speaker 1 (05:40):
Absolutely, na Jay Rattle offdaytrade fun dot com. Love your insight.
Thanks buddy, We'll talk soon.