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

- Original post: https://www.twitter.com/i/status/2120654115713794322
- Source account: [@johnfkjuniorq](https://x.com/johnfkjuniorq)
- Source language: English
- Duration: 1:40
- Published: 2026-11-12
- Canonical URL: https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half

## Transcript

[0:00](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half) From, uh, you know, Joe Kiernan and Rick Santelli.

[0:04](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=4) This just came out, and we'll just play that for a second.

[0:07](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=7) Personal income is up eight-tenths, up eight-tenths of a percent.

[0:12](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=12) 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.

[0:21](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=21) They're really stellar. I mean, I could go back and look at the first four months of many different years.

[0:26](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=26) Really very strong numbers, and you're right.

[0:28](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=28) Uh, this administration is criticized for just about everything under the sun.

[0:32](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=32) I've never, ever in my lifetime had glimpses into the politics of an administration in the form of transparency like this one.

[0:41](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=41) Uh, why don't we be, uh, you know, give credit where credit is due?

[0:45](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=45) I also- Income, income really shooting up.

[0:47](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=47) 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.

[0:57](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=57) 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.

[1:04](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=64) Uh, so there wasn't a lot of front loading of, of things that they needed before the tariffs hit?

[1:10](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=70) Yeah, I'll tell you what, it really does call into question some of the conventional wisdoms.

[1:15](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=75) 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.

[1:25](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=85) Because I don't know, I've been watching these numbers a long time.

[1:28](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=88) I don't think I've ever seen the trade deficit cut in half in one month.

[1:33](https://www.translate.mom/transcript/cfC4B8biUuWI/en/personal-income-rises-0-8-as-trade-deficit-is-cut-in-half?t=93) Not bad. Right? Not bad. Come on, guys.