Nardelli on Tariffs: Unfortunately, Wall Street Does an Exam Every 90 Days and if You Miss Your Numbers, ‘You’re Punished’

RUSH EXCERPT:
NARDELLI: "I’m very encouraged with the report that we got of the 228,000 of significantly last month. What is also interesting is the mix. Last month was stronger manufacturing than this month, let’s hope that these numbers don’t get a recast or readjustment as result of the prior administration. I am encouraged by this. It as Steve pointed out were seated rotation and I think you will continue to see more good solid manufacturing jobs increase. On the other hand a very familiar with aviation and transportation. We saw a decrease last month and we will see a little bit more for example united canceled 21 airplanes and put them in storage, delta is doing the same thing, southwest is going through trouble. We’re going to see a rotation out there and Steve accurately talked about what happened in the last couple of days. Trump is under tremendous job in the short-term relative to closing the border and getting inflation under control little bit. Were not seeing the 9.1% that we lived with with the last administration. These decisions on tariffs are the right decisions. There can have a longer effect and unfortunately Wall Street basically doesn’t exam every 90 days and if you miss your numbers you are punished we have to get away from Wall Street really determining the strategy for a country. I’m very encouraged on where we are, disappointed the market is responding the way that they are but I think were on the right track for sure."