The President highlighted the recovering economy, good news related to the number of coronavirus cases and outcomes, and said there would be no more lockdowns.
I find it interesting to note that President Donald Trump’s approval numbers are heading back up after reinstituting the Coronavirus Task Force briefings.
The recent events have been considerably improved by the absence of Dr. Anthony Fauci.
While it is likely the polls will be manipulated to bounce all over the place this election cycle, the fact is these briefings are an essential means for Trump to bypass the toxic media filter and speak directly to the American people.
To begin with, the President addressed the fact that indexes for production, new orders, imports and exports, and order backlogs all grew last month, showing sustained increases for a second month in a row.
The outlook for manufacturing continued to recover through July as the Institute for Supply Management reported a second month of manufacturing growth and a third month of growth for the economy overall. The ISM’s Pricing Manager’s Index increased to 54.2%, up 1.6 points from June’s PMI. Indexes for new orders, production, prices, and order backlogs all increased. The employment index also increased, but remained below 50%, indicating a slower contraction. Imports and new export orders indexes moved into growth territory in July.
The index of new orders rose to 61.5% in July, up 5.1 points from June, as the production index rose 4.8 points to 62.1%. The manufacturing PMI as well as the new orders and production indexes are all rising at a faster rate compared to last month. The rate of contraction in the manufacturing workforce slowed in July as the index for manufacturing employment rose 2.2 points to 44.3% in July. The indexes for order backlogs, new export orders, and imports all reversed June trends and moved into growth territory: the backlog of orders index rose 6.5 points to 51.8%, new export orders rose 2.8 points to 50.4%, and imports rose 4.3 points to 53.1%.
There is even more good news, as the gains from the coronavirus-low have been historic.
@ISM’s Manufacturing PMI surged 3.1 percentage points to 50.9% in January—the largest one month increase since July 2013! With +500k manufacturing jobs added since the 2016 election, American manufacturing is growing under @realDonaldTrump
— CEA45 Archived (@WhiteHouseCEA45) February 3, 2020
In terms of the spread of the “China Virus”, cases are declining in 70 percent of the jurisdictions, compared to only 36% last Monday.
The number of daily coronavirus cases in the United States declined around 3% over a recent week, The Associated Press reported.
Based on a 7-day rolling average, the number of daily cases fell from 67,317 on July 22 to 65,266 on Wednesday, the AP said. The AP based its calculations on data provided by Johns Hopkins University.
…Also, four Sunbelt states grappling with major coronavirus outbreaks — Arizona, California, Florida, and Texas — are driving the decline in cases.
Jennifer Nuzzo, a Johns Hopkins public health researcher, explained that those states have pumped so many cases into the national tally that when they show a decline, it affects the numbers for the whole nation.
Trump noted that the fatality rates had also substantially declined, due to a combination of robust testing and successfully developed treatment options. He shared a chart with case fatality rates, showing the decline (and which is not likely to be featured by our press).
Trump stressed there will be no further lockdowns. The administration is focused on quelling outbreaks rather than implementing the shutdown-guidelines of March and April.
The President also covered his “Favored Nation” approach to reducing drug prices.
We are working very hard also on prescription drug prices. And I will tell you that the favored nations clause that I’ve signed into existence — nobody thought anybody would ever do that — has a massive impact on prescription drug prices, in addition to the three other elements of reduction of drugs, in particular prescription drugs.
But the favored nations clause is massive. For instance, if Germany buys a pill for 10 cents a pill, as an example — just as an example — and the United States pays 2 dollars for the same pill, we get the same privilege, the same right as they do. We never had that before. We paid all of the expenses, all of the research and development. So the — the numbers are astronomical. And as you probably noticed, big ads are taken against me by big pharma. Very big ads. Very massive buy.
During the press questions that followed, Trump said that his generals indicated that they believed the explosions in Lebanon were the result of some sort of attack. Trump also reviewed elements of his TikTok proposition.DONATE
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