US Political News and Trump’s China visit

[Falcon29]

Trump's economy

Rich get richer, housing market won't crash, housing costs will continue to go up

Everybody loses their source of income + purchasing power forcing many to sell their homes or be evicted

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

^^

This is a direct result of Trump's tariffs and failed economic policies, as well as government instability /threats to run for a third term.

Mega Corporations will exploit this to cut many jobs and blame it on the economy when they're trying to maximize profit to an extreme.

Trump is also cutting thousands of federal government jobs

He is trying to ban unionization which protects the working class from these kind of mass layoffs

Republican dumb fucks are destroying the economy for a ego boost

Interest rates won't go down anymore, taxes won't be cut for middle class, people will lose healthcare, housing market won't crash (which would give many opportunity to buy a home)

 

[Falcon29]

The stock market is only doing good because these criminal corporations and the criminal Trump administration are cutting jobs in record numbers -- greatly increasing corporations profit

The stock market celebrates workforce cuts

The shareholders and the Trump administration that manipulate the stock market celebrate job cuts

They celebrate you losing your source of livelyhood

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Falcon29]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[AZ_HighCountry]

Has New York ever elected a Republican governor? I know in recent years Massachusetts, Maryland, Illinois, New Jersey have. New Hampshire and Vermont also have Republican governors.

George Pataki was the last Republican governor in the State of New York.

Other notables who served as governor:

1. Malcolm Wilson
2. Nelson Rockefeller
3. Thomas Dewey
4. Teddy Roosevelt

 

[SolarWarden]

Lol.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

dems are gonna lose their cht.

 

[FuturePAF]

George Pataki was the last Republican governor in the State of New York.

Other notables who served as governor:

1. Malcolm Wilson
2. Nelson Rockefeller
3. Thomas Dewey
4. Teddy Roosevelt

We can’t forget FDR’s governorship. What he experienced with in NY state, he brought to the presidency; such as old age pensions. His 4 term presidency allowed him to really be a one man led movement, shifting the expectation of what government should do for the public. Coming after the gilded age, and the inequality between workers and owners, the middle age got a chance to form and feel they could enjoy a decent life.

Governorship of Franklin D. Roosevelt - Wikipedia

en.wikipedia.org

 

[AZ_HighCountry]

We can’t forget FDR’s governorship. What he experienced with in NY state, he brought to the presidency; such as old age pensions. His 4 term presidency allowed him to really be a one man led movement, shifting the expectation of what government should do for the public. Coming after the gilded age, and the inequality between workers and owners, the middle age got a chance to form and feel they could enjoy a decent life.

Governorship of Franklin D. Roosevelt - Wikipedia

en.wikipedia.org

I was more focused on answering Yommie's question regarding Republican governors.

 

[Oscar]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

That has probably less to do with Trump and more to do with overall reorg around Gen AI and getting rid of repetitive jobs.

If AI can do your job, you're out!

 

[Falcon29]

That has probably less to do with Trump and more to do with overall reorg around Gen AI and getting rid of repetitive jobs.

If AI can do your job, you're out!

These companies announced massive capital investments into AI -- AI didn't replace the actual jobs (besides call center ones).

They will offshore and hire H1B1 visas most likely.

Also many of the Amazon/UPS layoffs were of delivery drivers.

These companies are emboldened by Trump administration that is pro-corporation/wealthy to make record breaking job cuts.

 

[AZ_HighCountry]

I spent over 20 years with DHL. Am well in tune with what's going on. In the case of UPS, many of those cuts are only now taking effect. They were announced as long as a year ago. UPS is exiting certain markets due to declining revenues. Exiting of those markets affected not just the delivery drivers but the hub workers as well.

In the case of Amazon, they are indeed accelerating their investments in automation. I encourage everyone to sign up for a tour of an Amazon distribution center or hub.

Had I not elected to retire at the end of 2024, one of my primary jobs for this year would have been expanded robotics implementation in our own distribution centers including autonomous forklifts for the unloading / loading of trailers.

We can stop with the speculation regarding offshoring and the hiring of H-1Bs. There are any number of warehouse jobs that will not be sent to India or backfilled with H-1Bs. They will be automated.

 

[j_hungary]

We can’t forget FDR’s governorship. What he experienced with in NY state, he brought to the presidency; such as old age pensions. His 4 term presidency allowed him to really be a one man led movement, shifting the expectation of what government should do for the public. Coming after the gilded age, and the inequality between workers and owners, the middle age got a chance to form and feel they could enjoy a decent life.

Governorship of Franklin D. Roosevelt - Wikipedia

en.wikipedia.org

Think about it like this, if FDR were alive today, he would have frequently been compared to Mandani, and in most aspects, he is probably more socialist than Mandani, with a nationalized industrial system, but then he can blame it on the war; Mandani can't.

On the other hand, this is probably what the Dem need, a leader and a policy that focuses on social injustice and the wealth gap, but then today people would probably say any such leader is just too lefty for government.

 

[j_hungary]

That has probably less to do with Trump and more to do with overall reorg around Gen AI and getting rid of repetitive jobs.

If AI can do your job, you're out!

A part of the Storage and Logistics company's job cut had to do with Trump tariff; there aren't enough Freight inbound in America, they handled 6.6% less in September, which is usually high (Along with October) for Thanksgiving and Christmas sales surge.

U.S. Container Imports Plunge 6.6% in September as Tariff Fallout Takes Hold

The ten largest U.S. ports recorded a 6.6% year-over-year decrease in inbound container volume in September, marking a sharp reversal from earlier months and signaling the beginning of what industry...

gcaptain.com

I read somewhere (forgot from where) that Warehouse vacancy rate is at 5-year high at about 15%, which is only topped by the COVID time in 2020 when literally nothing was coming in as China was locked down.

The problem is, it depends on how low October is going to go, we knew it's going to be low because waybill for October would already been submitted, but if we have a very low TEU number, then we will have a supply chain issue, and evidently, seeing distribution giant like Amazon and UPS taking job off, which mean they don't expect high traffic, which would translate to sale number between November and December is going to go down, and that would spell diaster for retailer in the US.

AI wouldn't be able to take out that many jobs, plus, they really were going to need those if they are expecting a surge of business by the end of the year, so, them cutting those job meaning they aren't expecting a surge of business..

 

[AZ_HighCountry]

A part of the Storage and Logistics company's job cut had to do with Trump tariff; there aren't enough Freight inbound in America, they handled 6.6% less in September, which is usually high (Along with October) for Thanksgiving and Christmas sales surge.

U.S. Container Imports Plunge 6.6% in September as Tariff Fallout Takes Hold

The ten largest U.S. ports recorded a 6.6% year-over-year decrease in inbound container volume in September, marking a sharp reversal from earlier months and signaling the beginning of what industry...

gcaptain.com

I read somewhere (forgot from where) that Warehouse vacancy rate is at 5-year high at about 15%, which is only topped by the COVID time in 2020 when literally nothing was coming in as China was locked down.

The problem is, it depends on how low October is going to go, we knew it's going to be low because waybill for October would already been submitted, but if we have a very low TEU number, then we will have a supply chain issue, and evidently, seeing distribution giant like Amazon and UPS taking job off, which mean they don't expect high traffic, which would translate to sale number between November and December is going to go down, and that would spell diaster for retailer in the US.

AI wouldn't be able to take out that many jobs, plus, they really were going to need those if they are expecting a surge of business by the end of the year, so, them cutting those job meaning they aren't expecting a surge of business..

I've already posted some of the UPS reductions are just now taking effect. They were announced right around this time a year ago. They are exiting several markets due to revenue declines.

Warehouse vacancy rate are being driven by massive speculation. Within a few miles of me are a number of new warehouses all built within the last 18 months. All empty. And more being built.

Someone sees something on the horizon or there would not be as many warehouses being built as there are at the current time.

 

[j_hungary]

I've already posted some of the UPS reductions are just now taking effect. They were announced right around this time a year ago. They are exiting several markets due to revenue declines.

Warehouse vacancy rate are being driven by massive speculation. Within a few miles of me are a number of new warehouses all built within the last 18 months. All empty. And more being built.

Someone sees something on the horizon or there would not be as many warehouses being built as there are at the current time.

As I said, A PART of the reason for the cuts had to do with the tariff. Shipment processing rate was dropped all year round in July and August (front-loading) and April (anticipated Tariff surge)

There was a very interesting video talking about port handling in the US from "What's going on with shipping"

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

This drop is not nothing, and again, if you compare the surge from the front loading with last year, we are still a bit (Well, a lot) below 2024, notice that 2022 and 2023 low is due to high inflation rate (9.8% in 2022, and 5.4% in 2023) and we are dropping to a point where we are almost at 2023 level, so I would say Tariff induced inflation has something to do with the drop.

On the other hand, UPS had revised the figure of layoffs from 12,000 to 20,000

UPS job cuts locked in at 12,000. Here are 8 things to know about the recent layoffs

UPS layoffs have been a hot topic all week. Here's the latest on the recent job cut announcement.

www.courier-journal.com

UPS cutting around 20,000 jobs amid 'new or increased tariffs'; 73 buildings closing

UPS announced it's cutting around 20,000 jobs in 2025 due to President Donald Trump's looming tariffs and expected lower Amazon shipments.

www.usatoday.com

So it's almost double the number

 

[AZ_HighCountry]

Specific to the UPS cuts: those were announced last year. Trump was still a candidate at that time therefore the tariffs would have had no bearing whatsoever on the UPS decision to exit certain markets.

As for the drop post-tariff announcements; I can agree in principle.

In my 20 years at DHL, the one group I did not work in was OFR. Still have quite a few friends who do. May reach out to get a feel for the latest forecasts.