Friday Update: May 30, 2025
The Great America Show
Dobbs Media Group
4.7 • 1.8K Ratings
🗓️ 30 May 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
John Fawcett breaks down the biggest stories of the day, including the US trade deficit and the drop in core inflation, Canada's economic struggles, the latest revelations from the FBI regarding January 6th and the disappointing ratings of CNN's Jake Tapper.
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Transcript
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| 0:49.7 | Hello, everybody. |
| 0:50.4 | I'm John Fawson with this Great America Show Midday Update for Friday, May 30th. We've got some great economic numbers out, folks. The economy is humming under this Trump administration. Now it's funny because just about a month ago, the Marxist dams, mainstream media all came out and told us the thing was imploding, it was exploding. Donald Trump was steering us into trade wars. Donald Trump was getting us into all |
| 1:11.4 | types of problems. It turns out the new economic numbers out today, it paints quite a different |
| 1:16.7 | picture, especially when it comes to trade. The U.S. trade deficit in goods contracted far more than |
| 1:23.1 | expected in April, falling from March's record high of 16162.3 billion to $87.6 billion, according to the Commerce Department's initial estimates released this afternoon. |
| 1:35.1 | Now, economists had it forecasted $143 billion estimate. Imports of goods from April were $27 billion, 68 billion less than March imports. |
| 1:45.9 | Goods exports rose 6.3 billion to 188.5 billion. |
| 1:50.9 | And that's not the only good news, as the great Billy Mays from OxyClean used to say, |
| 1:55.8 | but wait, there's more. |
| 1:58.0 | Core inflation has fallen to the lowest rate in four years. Prices barely |
| 2:03.1 | climbed in April, pulling the annual rate of inflation down towards the Federal Reserve's 2% |
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