Remember when Mark Cuban said a Trump win would result in an imminent Stock Market crash? Well it turns out just the OPPOSITE happened. Optimism is SOARING!
From CBS News
WASHINGTON — American consumers are the sunniest they’ve been in more than 15 years.
The Conference Board said Tuesday that its consumer confidence index climbed to 113.7 in December, up from 109.4 in November and the highest since it reached 114 in August 2001. It’s another sign consumers are confident in the aftermath of a divisive election campaign.
The index measures consumers’ assessment of current conditions, which dipped from November but was still very positive, and their expectations for the future, which hit a 13-year high.
Lynn Franco, director of economic indicators at the Conference Board, said the “post-election surge in optimism” was strongest among older Americans.
The U.S. economy grew at a 3.5 percent annual pace from July to September, fastest in two years. Unemployment is at a nine-year low of 4.6 percent. Employers have added 180,000 jobs a month this year, down from an average 229,000 in 2015 but still solid.
Economists monitor consumers’ mood closely because their spending accounts for about 70 percent of U.S. economic output.
MORE WINNING! Tesla, Panasonic Agree to Manufacture in The United States!
Making America Great Again is about placing the needs of Americans above any foreign interests.
One major component of the movement is returning manufacturing jobs back to the United States, and Donald Trump has been working on that successfully since he won the election, inking deals with Carrier AC and others to bring jobs back home.
Many companies are jumping on the “Trump Effect” bandwagon by announcing their intention to bring jobs back to the states, like American automaker Tesla and Japanese electronic company Panasonic.
From Yahoo News:
Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of solar cells at a factory in Buffalo, New York.
The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a “long-term purchase commitment” to Panasonic.
Their statement gave no financial figures.
The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. The photovoltaic cells and modules will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said.
Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo.
Panasonic also is to work with Tesla on next-generation technology, the companies said.
New York state has committed $750 million to build and outfit the plant at Buffalo’s RiverBend site, the centerpiece of Democratic Gov. Andrew Cuomo’s “Buffalo Billion” program to revitalize the upstate region’s largest city.
SolarCity has committed to investing $5 billion over 10 years in New York state, hiring almost 1,500 workers at the Buffalo plant for five years and employing at least 2,000 more people across New York in exchange for use of the state-owned plant.
In October, when word emerged about the possible manufacturing collaboration, the head of New York state’s economic development agency said SolarCity will be held to job creation promises made when the state committed funding to build and outfit the plant, which is expected to begin production next summer.