West Wing Reads: Boom: US Economy Grows by 3.2% in the First Quarter, Topping Expectations - Hispanics Lead Housing, Income Surge, Poverty at Record Low

US Economy Grows by 3.2% in the First Quarter, Topping Expectations

“The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years,” Fred Imbert reports for CNBC.

“First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%.”

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Boom: Hispanics Lead Housing, Income Surge, Poverty at Record Low “Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys,” Paul Bedard reports in the Washington Examiner. Hispanics “have seen their third consecutive year of income growth and have a higher workplace participation rate . . . Within the next five years, Hispanic median income will triple,” according to the National Association of Hispanic Real Estate Professionals. See 7 big trends for Latinos under President Trump.

“The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, marking a resurgence for the stock market,” Michael Wursthorn and Jessica Menton report for The Wall Street Journal. “The S&P 500 is up 17%, its best kickoff to a year since 1987, while the Nasdaq has gained 22%, its best start since 1991.”

“As Lockheed Martin readies production of the F-16 at its new home in Greenville, unexpectedly high demand for the fighter jet has officials saying up to 400 people will be hired for the work,” Anna Mitchell writes for Greenville News. “When we are able to do a ribbon cutting like this, it means great jobs, great wages for this community, but it also strengthens our alliances around the world,” White House Director of Trade and Manufacturing Policy Peter Navarro said.

“A massive caravan of approximately 10,000 migrants traveling through Mexico in hopes of reaching the United States is expected to arrive in Mexico City this week, according to local media reports on the group's movements,” Anna Giaritelli reports in the Washington Examiner. “The group has been described by Mexico's Interior Secretary Olga Sanchez Cordero as ‘caravana madre,’ which has been widely referred to as the ‘mother of all caravans’ in American media.”

U.S. Border Patrol officials found an abandoned toddler with only a phone number written on his shoes near the U.S.–Mexico border yesterday, Julia Ainsley reports for NBC News. “Rudy Karish, the chief Border Patrol agent in the Rio Grande Valley, said he believes the boy was left by smugglers.”

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http://trumpisright.blogspot.com/2016/12/donald-trump-american-jobs-saved-tracker.html