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Trump predicts 4.8% GDP growth in second quarter: Charlie Gasparino

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FBN’s Charlie Gasparino discusses President Trump’s prediction that GDP growth will reach 4.8% in the second quarter.
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Text Comments (151)
Richard Lee (3 months ago)
China will focking humiliate this lying dotard Trump @sshole!
Richard Lee (3 months ago)
Obama turned around a recession n had 8 years of continious growth recovery. Lying dotard Trump is trying to fake it out discocery trend as his own. Get your head out of ur @ss Trumptard.
MrPathorock (3 months ago)
Lies, lies, lies from orange Dump on putin's payroll.
matt ola (3 months ago)
The GDP is at 4.1% They said a 4.0% GDP rate was impossible. It was a thing of the past. Hillary Clinton: “Trump’s policies would throw us into a recession, the last thing we need.” Barack Obama: “What magic wand do you have? And usually, the answer is he doesn’t have an answer.” Barack Obama was the first US president EVER not to reach 3.0% GDP in a year. Paul Krugman, The New York Times: “So we are very probably looking at a global recession, with no end in sight.” Mark Cuban, Dallas Mavericks: “In the event Donald wins, I have no doubt in my mind the market tanks.”
Raster Blat (3 months ago)
Best president in my lifetime. The amazing energy and accomplishments of president Trump is nothing short of a miracle from God. Thank you, thank you, thank you President trump. God bless America. God bless President Trump. He is "MAKING AMERICA GREAT AGAIN"
Raster Blat (3 months ago)
Bxbby Xarcia: Oh please. The fantastic accomplishments of this president are unprecedented. Obama nearly destroyed our nation with his anti-American divisiveness. Presidetn Trump had totally turn our nation around and it is headed in the right direction.
Bxbby Xarcia (3 months ago)
Raster Blat The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
Edmund Singleton (3 months ago)
This excellent economic news will as have been expected, will be used by this American President as a license to plead for forgiveness for past and future transgressions.
don simpson (3 months ago)
It 4% in 2014 wait for the end of the year it won't 'be as good which trump won't tell what is our debt up to now
Richard Lee (3 months ago)
Q: how much will trickle down to bottom 3rd the trumptard support base? A: NONE, but ur costs of living will rise.
Thomas Norton (3 months ago)
It takes sometimes decades for it to come to fruition and he's taking credit for Obama's implementations and the tariffs he put on the countries are costing me Triple what I was paying two years ago because of the tariffs and they're not even implemented yet taking credit from Obama he's going to pick your pocket with one hand while you're looking at the other that's his profession cuz otherwise you would actually have to work for a living you'll see nothing's going to get paid for and we're really going to be in trouble
Russian Bot (3 months ago)
Thomas Norton You are so stupid! Trump cut taxes and regulations! Economy blows up! Dumbass!
ABRAHAM LINCOLN (3 months ago)
anywhere between 4-5 percent will be awesome
ABRAHAM LINCOLN (3 months ago)
Also, google a graph of the stock market for the last year of Obama and the first year of Trump to measure market optimism. Night and day. LoL...you are hilarious, trying to give Obama credit for Trump's soaring economy.
ABRAHAM LINCOLN (3 months ago)
yeah, but when he took over the economy had tanked...it could only go up at that point. A monkey could have been president and it still would have gone up at that point. What you do is look at the gdp growth the last two years of Obama's presidency....very stagnant 1-2 percent growth (some quarters were as low as .6%). Trump came in and removed business stifling regulations and lowered taxes, setting off what looks to be 3% annual gdp growth (Obama never had 3 percent annual gdp growth). You'll notice in 2017 the gdp was still in the 2% category...left over from Obama, because Trumps new tax cuts and regulations didnt really take affect until 2018. Nice try trying to give Obama credit though. LoL
Bxbby Xarcia (3 months ago)
ABRAHAM LINCOLN but of course nobody likes to give obama any credit.
Bxbby Xarcia (3 months ago)
ABRAHAM LINCOLN The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
Aqua Angelo Michael (3 months ago)
WOW! Great job, Mr. President! A GDP of 3% is still great, but above 3% is fantastic. It's for our country and for us all, folks.
ABRAHAM LINCOLN (3 months ago)
3 percent = good 4 percent = excellent 5 percent - stellar
Davonte McPherson (3 months ago)
Holy cow, Obummer will be skeptically jealous hehehe 😁
Tiersha Mckenna (3 months ago)
What’s the bet on 3 percent laughter
David Dorger (3 months ago)
Good luck in November, Democrats. You are through.
🇺🇸
justin han (3 months ago)
Sure, foreign countries and US are buying/selling before tariff become effective. Let's find out Q4 whether Trump is dog or not.
Joe Mancilla (3 months ago)
2019 50 % unemployed 30 % less farmers merry Christmas m * f *
Russian Bot (3 months ago)
Joe Mancilla That was under you Muslim Obama bitch! Vote Republican in November Fuck communism! That’s the lefts goal. Trump 2020
fleetlordavtar (3 months ago)
The administration is bailing out the farm industry / welfare for them because of the terrorist that he started to protect them... This is him taking responsibility for his policy despite the fact that in the long-term the farmers should make out and have much better environment to trade in
fleetlordavtar (3 months ago)
They might be lying (Facepalm) this isn't Barry's admin Charlie is a Debbie Downer ffs
BazZar 42 (3 months ago)
Greetings! When will we be able to get President Trump CLONED??? Then we can all have our very own Prime Minister/President/Chairman/Emperor, Donald J Trump running our Nations! What a guy LOL!!! Kindest Regards from the UK.
Ronnie DeMasters (3 months ago)
Might lower our grocery bill. Best industry to give money to keep money home.
Larry Aldama (3 months ago)
🇺🇸👎
Clinton Chadwell (3 months ago)
Where is all the winning? I haven't seen one criminal in the doj, fbi, irs, cia or federal judges prosecuted. Not one win. Sessions is a fatal mistake. Mr Trump is our last hope, please step up, military tribunals.
Bxbby Xarcia (3 months ago)
Didn't you same idiots praise Donald for choosing sessions? Trump chose him so trump made that fatal mistake. Just one of the very many mistakes. You do know he has told over 3000 lies since becoming president. That averages out to about 10 lies a day. Statements that have been proven false. He's a Putin puppet. Man those pee tapes must great!
ABRAHAM LINCOLN (3 months ago)
and the winning list is lllloooonnnggggggggg...holy crap, try to keep up.
ABRAHAM LINCOLN (3 months ago)
DUDE...hes done so much already...try not to focus on seeking revenge on the corrupt and incompetent ones.
Jon Clarkson (3 months ago)
I love reading all of the comments from all of the butt hurt Libtards and Democrats lol. I swear it's like these stupid bastards are mad that unemployment is down at a all time low for whites, blacks, and Hispanics and our economy is the highest it's been in like 70 years lol. You dumb ass's are just made that Trump has proved all you Libtards and Democrats wrong again and you losers can't stand it LOL. 😂🤣😂🖕🖕🖕
Twisted Titan (3 months ago)
Gas ass parino is trying to straddle both sides of this so he can avoid that giant shit sandwich him and Neil cavuto had to eat on election night. These are hacks in the tank for globalist and they have to talk down America first as much as possible
Twisted Titan (3 months ago)
If trump gets to that 5 percent mark he can have 7 women gang bang with coke and Russian vodka and it wont make a lick a difference. Trump will get a 3rd term as president
Konstantinos Sakkas (3 months ago)
Nit picking! US economy is in great shape!
Ouroboros Null (3 months ago)
Gasparino is such a douche.
Barbara b (3 months ago)
TRUMP is the MAN with the PLAN 🇱🇷🍒
Bxbby Xarcia (3 months ago)
The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
dominic pelle (3 months ago)
Anyone remember the $1.3 TRILLION Omni Budget DEBT stimulus ..increasing US DEBT.. while cutting revenue .. Via tax cuts for the rich. DUMB DUMBS ???
Mary Milburn (3 months ago)
Predicts or lies ???.
Bill c (3 months ago)
Duffy how about predicting first quarter for 2019.Wait and see how you love this economy in twelve to eighteen months. SELL SELL SELL WHAT EVER YOU OWN.Now he wants we the taxpayer to subsidize the farmers due to his tariffs. BRILLIANT. How about those that got that big tax cut pay for this subsidies?
James Epler (3 months ago)
Charlie, such a establishment shill. Good time to retire along with the rest of of the swamp...
Natural Man (3 months ago)
Shut-up about tariffs--let them work!
Natural Man (3 months ago)
I don't believe your numbers--more fear fudging.
Michel Beauregard (3 months ago)
Natural Man 20 000 US manufacturing companies, operating in the US with US workers. In 2003, Bush put a similar tariff on steel.The results: 16 000 jobs created in the steel industry and 200 000 jobs lost in the manufacturing sector. Due to those disastrous results the tariffs were removed 18 months later. We've seen that movie before and it doesn't end well.
Natural Man (3 months ago)
China has had high tariffs on US products for decades. Let them drop their tariffs. Companies that have shipped their jobs to China or Mexico need to hurt in order to force them move their factories back to the USA--back to the future. SCREW WALL STREET!!!!!! Wall street is globalist. They don't give a shit about American workers or America. America first!!!!!
Michel Beauregard (3 months ago)
Natural Man they are working Allright. As of last week 20 000 US manufacturing companies asked the Department of Commerce for exemption from tariffs. So we know that there are at least 20,000 US companies that are hurting because of tariffs. Now which Trump bureaucrat is going to decide which companies should be exempted or Not? What criteria are they going to Use? Contributions to the Republican Party? This whole tariff insanity is going to turn out to be the most corrupt enterprise of the US government.
dominic pelle (3 months ago)
Yeah... like the tariffs have actually gone through the economy YET. Bwaaahahaha..
Ultra (3 months ago)
They laughed at Trump for suggesting 3% could be broke and went nuts calling him dumb for suggesting 4% was ever possible.
Max Mustermann (3 months ago)
Ultra... still do, he is at 2% right now
Ultra (3 months ago)
Charlie already hoping the numbers are wrong lol
Thomas Norton (3 months ago)
Here we goes taking credit for what Obama did it has nothing to do with Trump don't be so blind and Mindless if you do not know anything about politics know this he's a liar and a cheat he's never worked a day in his life any good ever was in the military he can't speak for us he has no life experience
ABRAHAM LINCOLN (3 months ago)
ROFL...sure think limp wrist....the booming economy is all Obama...had nothing to do with cutting all the stifling business regulations or lowering taxes..nothing at all. The fact that Obamas GDP when he left was one percent and Trump is about to exceed 4 percent....pure coincidence. lol...shhh
Shadow (3 months ago)
Democrats are even mad because The GOP President is really MAGA ,
Bxbby Xarcia (3 months ago)
The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
senecasgroupie (3 months ago)
And not one word about global growth rates being around 3.9%, come on guys.
senecasgroupie (3 months ago)
Don't be a prat I've made a killing, I just like my financial news complete.
ABRAHAM LINCOLN (3 months ago)
lol....this economy is roaring...try to accept it and move on limp wrist
Richard Lee (3 months ago)
LMAO "Tariffs are the greatest!" said said Trump. 4.8% 2d qtr growth... -1% 3rd qtr and -2% 4th qtr after the world shout back at Trump "Tariffs are the greatest!" LMAO
Richard Lee (3 months ago)
ABRAHAM LINCOLN LMAO, winning?
ABRAHAM LINCOLN (3 months ago)
CHINA
Richard Lee (3 months ago)
ABRAHAM LINCOLN https://youtu.be/RDrfE9I8_hs
ABRAHAM LINCOLN (3 months ago)
Lebanon...your turn
Richard Lee (3 months ago)
China.
Anyone remember when ALL the rectumlickums' favorite word was austerity? They sure lie about the debt.
Max Mustermann (3 months ago)
It was 2,4% and regressed to 2%
ABRAHAM LINCOLN (3 months ago)
and now its 4.5%...how awesome is that?
Jim Brew (3 months ago)
We're way beyond paying much attention to Trump statements. He's surpassed over 3000 lies and exaggerations, thus far.
The Loose Moose (3 months ago)
Obama said Trump would need a magic wand to get 4% ??? WTH OBUMMER?? Donald Copperfield !!!
Bxbby Xarcia (3 months ago)
The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
Christophe Blanchi (3 months ago)
Audio is a Russia bot. Clear adulation with no facts. Watch it reply with insults like the good bot that it is.
Michel Beauregard (3 months ago)
The Loose Moose the economy grew 4.6% in the second quarter of 2011, 4.6% again in the second quarter of 2014,and 5.2% the third quarter of 2014. There were 8 quarters when the economy grew faster than 3%. For 2018, the IMF projects a growth of 2.5%. Good results,though similar to the last five years. In 2017, the economy grew 2.3%.
Max Mustermann (3 months ago)
The Loose Moose... Trump never reached 2,5%
Audio (3 months ago)
Obama did shit. Trump rocks.
angie diguls (3 months ago)
This is crazy to say especially before midterms. Tariffs will deusche this.President Trump is hoping subsidies given to farmers will not affect the growth.
Brett Thomas (3 months ago)
Yes, but this is all before the tariffs really kick into the economy. All from the tax cut,now lost with the tariffs,which will slow the economy. Of course no one here is talking about higher interest rates, which will come from these numbers. Now Trump will want to interfere with the Federal Reserve. That will be a total disaster in the making.
Varekai Ascendant (3 months ago)
R E A L I T Y..... T I M E !! TRUMPS STEEL TARIFFS WILL COST 400,000 AMERICAN JOBS, A NEW ESTIMATE SAYS: June 05, 2018 After Donald Trump announced tariffs on steel and aluminum from the US’s closest allies last week, economists warned that they could result in thousands of US job losses. The latest numbers from The Trade Partnership, a DC-based economics research firm, suggests that the impact will be even worse than originally estimated. Some 400,000 jobs will be lost, with 16 losses for every job created by the tariffs, the group said today. That’s more than three times the number of job losses it expected earlier. As Quartz has explained, it’s true that steel producers in the US may see a slight rise in jobs due to tariffs. However, the (much larger) industries that depend on imported steel will suffer, like automakers, construction groups and even financial services. Just over 400,000 people in the US work in metal-producing jobs, economist Jed Kolko wrote in March, but 4.6 million work in jobs that depend on metal. Employers in industries that use metal will have to pay more for raw materials, charge more for products, and could trim or move jobs. “Steel consuming industries face annual employment declines of 97,614 in each of the first one to three years the tariffs, quotas and retaliation are in place,” the Trade Partnership says. ASK THESE PEOPLE THAT COULD LOSE THEIR JOBS IF THEY STILL BELIEVE THEY ARE PART OF DONALD J. TRUMP’S ‘WINNING‘? https://qz.com/1297697/trumps-steel-tariffs-will-cost-the-us-400000-jobs-says-economists-now/
Marseilles Vieux (3 months ago)
The free-market at work, but Chicken Little still thinks the sky is falling.
peter (3 months ago)
I wish Fox News would allow us to bet on their "predictions". I would bet $10,000 that this is bollocks.
peter (3 months ago)
Actually I did miss that this was only referring to 2nd quarter growth. Also I think it does not include dips due to tariffs. I typically hear results around 3% for the year. I don't expect to get this though, and if we do Im sort of worried because wages are still stagnant. It could all still just be stock buybacks inflating stock prices.
ABRAHAM LINCOLN (3 months ago)
lol...so you think all the financial experts and institutions are wrong and that it won't come out between 4 and 5 percent? LoL...you know more than everyone else...congrats. LoL
jbgrooves (3 months ago)
Requiring U.S. labor made products be used in any and all construction using any federal funds or requiring federal permits with minimal exceptions would have been a much better way of reviving american industries like steel and appliance manufacturing than placing a TAX aka Tariff on trade.
jbgrooves (3 months ago)
Restrictions on mining meant to protect drinking water, of fracking same Oklahoma is loving all those little earthquakes, 12 billion in taxpayer money to help the farmers he screwed. He has no cohesive plan. If he had a infrastructure plan like he promised he could have revitalized our industries while repairing our roads, bridges, airports, rails, schools etc and insisted on made in america be used but no he got upset because somebody didn't like him and because he is a narcissist he knee jerk reacted like the dip shit he is.
angie diguls (3 months ago)
jbgrooves ,President Trump just removed federal restrictions to move the economy at a faster pace,hence your suggestion. Tarriffs are basically a tax placed on products and added to the price
jbgrooves (3 months ago)
How is that liberal Angie, Why don't you explain it to us all. Also do tell us what your definition of a tariff is please please do tell us.
angie diguls (3 months ago)
jbgrooves here we go with what we got rid of LIBERAL?
metalblades4 (3 months ago)
Man i dont care what anybody says our president is doing a great. Job
craze6663 (26 days ago)
TRINIPIMP1 literally everyone I know. And I’m Latino, and everyone I know is a minority
Bxbby Xarcia (3 months ago)
Heather Larson the liberals are not your Enemy you idiot. We are your brothers and sisters. Would you hang your birth brother or sister just to be friends with a dirty Russian spy. Trump has you brainwashed to hang your own brother just so he doesn't get caught by mom and pop that he's been working with the Russians to undermine his own parents. You people are pathetic.
Bxbby Xarcia (3 months ago)
The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
bitwhys #! (3 months ago)
You guys don't even need a topic, do you? I suppose the hand of God will do that to you
Heather Larson (3 months ago)
Trump 2020. Let's bring tears to those f***ing liberals.
UglyhoodRAT (3 months ago)
Delusional. We need to see the methodology this is fake news.
ABRAHAM LINCOLN (3 months ago)
leave the white part out...that just gives ammunition to the left for all the insane race baiting
senecasgroupie (3 months ago)
But the growth of over 4% you will celebrate when Trump achieves it, against a global growth rate of 3.9, was often achieved by Obama, against much lower global rates. But for some strange reason people didn't agree with the measurement then.
Natural Man (3 months ago)
Obama was the first affirmative action President--what did anyone expect when someone doesn't get there on their own merit? Globalists Obama, Bush, Clinton: the three duds in a row.
Natural Man (3 months ago)
TRUMP!!!!!
senecasgroupie (3 months ago)
UglyhoodRat- I see what you did there.
bitwhys #! (3 months ago)
Good thing deficits don't matter
bitwhys #! (3 months ago)
Point of Interest: The deficit is 5% of GDP so there's your growth
bitwhys #! (3 months ago)
I'm quoting a vice president. Take it up with him
JJ G (3 months ago)
bitwhys #! Anyone who says deficits at some point are not a serious problem is a fool. Go bing the growth of the deficit over the past 10 years. If you think that is sustainable you don’t have a clue.
Michel Beauregard (3 months ago)
JJ G yes deficits do matter, then why did Trump double the budget deficit in his first budget. Ignorance? Incompetency? Self-delusion?
bitwhys #! (3 months ago)
Really? You can't even google? Cheney said Reagan was right about them not. The good ones are going over your head. Read a book
TheBazzzer (3 months ago)
7 simple (!) reasons why the US will lose a trade war: 1. While the US has a trade deficit on goods with China, the European Union and others, it has a pretty substantial surplus on services and primary income. Countries can and will retaliate on the latter 2. The numbers on the trade deficit - in the form presented - are lying. For example 4.5% of the US deficit with China are Apple iPhones! The value creation here is obviously with Apple in California and not in China. Putting a tariff on these (and thousands other likewise products) will hurt US companies and tax the US consumer. 3. The US current account deficit could surpass 1 trillion dollars this year (during times of rising interest rates! that's ~ 5% - 6% of gdp); countries like Germany, the Netherlands with a current account surplus and roughly half the debt-to-gdp ratio of the US can just outspent the United States in case of a trade war, supporting the local industry, creating demand, etc. 4. Exemptions: thousands of american companies are currently applying for exemptions to stay competetive (and rightly, necessarily so), this will minimize the overall tariff potential; Trump will simply be unable to put tariffs on 500 billions of chinese goods. 5. Currency manipulation: especially the Chinese are quite advanced when it's about manipulating their own currency, Trump slaps a tariff on chinese goods (for national security reasons...) and the chinese yuan drops a couple percent (see latest numbers); especially with rising interest rates in the US, the dollar will remain strong, mostly neglecting negative effects for exporting countries 6. Moderate economy: yes, you've read that right, but the numbers don't lie. A 4% gdp increase with a fiscal deficit of 5-6% is not strong - the money has to go somewhere, right? And currently it's not going into longterm goods, education, etc. - only tax cuts (neglected by tariffs). Also it's expected that the current growth is - also - caused by building up inventories, to prepare for times of rising tariffs. 7. Global trade agreements: esp. the EU is active here (past two weeks negotiations with China, Japan, South America) - they are setting standards, the US will have to follow.
13/ 90 DINDU IN PROGRESS (3 months ago)
PLEASE***MANAGE*** this growth properly. Everyone wants growth; but steady, sustainable growth. The only thing worse than having no business is having too much business that cannot be fulfilled, which both ends up with same results.
A Artisan (3 months ago)
yes, having 5% grow in one quarter is not worth having -5% growth the next.
Dejan Lazic (3 months ago)
Yesss you will destroy america
RT TH (3 months ago)
Dejan Lazic , we called it rebuild.
Make that 6.1% to beat China by 0.1%. Make murica great again.
ABRAHAM LINCOLN (3 months ago)
first qtr always way under performs...nice try though
Winston Wei maybe there will be surprise earnings growth of 6.8. :>
Winston Wei (3 months ago)
China's GDP growth in Q2 is 6.7. don't be like Trump and just pull shit out of the ass.
Max Mustermann (3 months ago)
... first try to reach 2,5% its now 2%
centpushups (3 months ago)
That would be insanely high. Just tremendous. Right now at the big stores like Walmart, grocery stores and Home Depot they are renovating like crazy. New everything, even my friend are working late to move the old stuff out for new equipment.
Jeremy The Cool (3 months ago)
Future Hindsight your phone is made in china lmao, so ironic
angie diguls (3 months ago)
centpushups ,wrong they are down sizing and going on line witg alot of merchandise
Donald Kasper (3 months ago)
Guess who just got reelected in 2020.
billy (3 months ago)
Fake news
Dan Wolfe (3 months ago)
billy Ha ha... You are fake.
FAKE NEWS (3 months ago)
Hi billy
Audio (3 months ago)
Real news. Government figures. You can't handle it.
angie diguls (3 months ago)
billy TROLL
President Donald J Trump (3 months ago)
you will feel it soon in your butthole.

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