Trump hints at strong jobs report ahead of its release

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The directive said part of the intent is to "prevent early access to information that may affect financial and commodity markets, and preserve the distinction between the policy-neutral release of data by statistical agencies and their interpretation by policy officials".

There's good reason to have deep concerns about Trump's propensity for breaking the rules. And Lawrence Summers, who served as treasury secretary for President Bill Clinton, tweeted if during the Clinton or Obama administrations information had been similarly conveyed "it would have been a major scandal - with all sorts of investigations following on". "Except for members of the staff of the agency issuing the principal economic indicator who have been designated by the agency head to provide technical explanations of the data, employees of the executive branch shall not comment publicly on the data until at least one hour after the official release time". "I don't he gave anything away incidentally".

The White House's Council of Economic Advisers briefs the president on the jobs numbers the afternoon before they are released.

Gold extended its declines, while bond yields moved higher after Trump's tweet. If I were still working in the White House, I would have received the numbers around 1 p.m. In the hours leading up to the release of future jobs reports, investors will watch carefully for clues provided by presidential tweets (or lack thereof).

Former Bush and Obama administration officials knocked Donald Trump today after the president teased the country's employment numbers in a tweet this morning - which seemed to suggest the information was positive. "And I think this is all according to routine, law and custom", Kudlow told CNBC.

However, under a longstanding Office of Management and Budget procedure, USA presidents are briefed about the report by the chairman of the White House Council of Economic Advisers before the official release time.

Trump has tried to tie the success of his presidency to the success of the economy. "And will do so next month should there be a tweet, or lack of one".

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"No president has fought the war on poverty better than Donald J. Trump", Mr. Navarro said on Fox's "Sunday Morning Futures".

Other market experts offered mixed views about the widely noticed social media comment.

Within seconds of Trump's post, the USA dollar strengthened and Treasury yields rose, as investors anticipated the strong report they thought Trump had foreshadowed.

Trump, like all presidents, got briefed on the jobs figures Thursday evening. US stocks jumped in early trading. On Thursday, Costco said it would raise starting wages for USA employees by $1, to a minimum of $14 an hour.

Naftali said Friday's comment by Trump was the latest example of the president's effectively acting as his own communications director, a role in which constantly touts reports he thinks make him look good and undermines data - even government data - that he dislikes.

The incident marked the second time that Trump may have strayed beyond the boundaries set by the Office of Management and Budget directive. But the president - and other administration officials - never tip their hand about what the numbers reveal. "Unlikely that there will be a reprimand or any kind of official reaction; the issue will fade within a day or two, but next month's report will get more attention than usual".

May's jobs report is great news for America, but awful news for Democrats hoping to win election in November.

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