It’s been six months since Donald Trump took over the economy. Ali Velshi is joined by Caleb Silver, editor-in-chief of Investopedia, to break down what’s behind the jobs reports, how the tariffs are (or are not) impacting us, and who’s benefiting in the Trump economy.
As it turns out, “There are a lot of good things for people at the top, but they’re not necessarily reaching most people in this country.”
While the latest jobs report shows a resilient labor market, the stock market is riding all-time highs, and inflation hasn’t substantially increased, the passage of the so-called “One Big Beautiful Bill” is introducing more ways to upend our economy.
If you are invested in stocks or real estate, your wealth is growing. Unfortunately, the Trump economy is slowing for everyone else. The threat of tariffs has introduced significant uncertainty, regardless of what ultimately happens in our trade wars.
Homes are less affordable than they have ever been in our history. Consumer debt is also reaching record highs, and when student loans come into play again, many people who are already struggling will find themselves in even deeper trouble.
The cuts laid out in the recent bill also pose a serious threat to consumer prices, services, and healthcare, increasing the cost of living for everyone and widening our wealth gap.
LISTEN: ALI VELSHI AND CALEB SILVER TALK TRUMP’S ECONOMY
WATCH: VELSHI AND SILVER ON THE FIRST SIX MONTHS
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