Personal Income Rises 0.8% as Trade Deficit Is Cut in Half

From, uh, you know, Joe Kiernan and Rick Santelli.

This just came out, and we'll just play that for a second.

Personal income is up eight-tenths, up eight-tenths of a percent.

That is almost triple the expectations. Yeah, I'll tell you- So we're-- The income, the income numbers, really, for the first four months of the year, they're stellar.

They're really stellar. I mean, I could go back and look at the first four months of many different years.

Really very strong numbers, and you're right.

Uh, this administration is criticized for just about everything under the sun.

I've never, ever in my lifetime had glimpses into the politics of an administration in the form of transparency like this one.

Uh, why don't we be, uh, you know, give credit where credit is due?

I also- Income, income really shooting up.

Rick, I, I also thought everybody was gonna get one last, uh, order of, of, uh, of imports that were gonna be tariffed, and they were loading up on things.

How the hell did the-- How the hell they already fixed the trade, uh, or not fix it, but to cut it in half, um, that's crazy.

Uh, so there wasn't a lot of front loading of, of things that they needed before the tariffs hit?

Yeah, I'll tell you what, it really does call into question some of the conventional wisdoms.

And, you know, it's gonna be interesting to see what happens next month when we get this number or, uh, we s-- we see some of the other numbers, uh, like current account, see how they fared.

Because I don't know, I've been watching these numbers a long time.

I don't think I've ever seen the trade deficit cut in half in one month.

Not bad. Right? Not bad. Come on, guys.