Corporate Profits vs. Wages Disparity

Corporate profits are near all-time highs, while wages are near lows. U.S. corporate profits and asset prices are at historic levels, while budget and trade deficits are also high. Wages are near their lowest ever as a share of GDP.

Impact of New U.S. Tariffs on Stock Futures

Stock futures tumbled as new U.S. tariffs on key trade partners were announced, impacting the economy and corporate profits. Markets are concerned about the potential repercussions and are also focusing on upcoming earnings reports and the nonfarm payrolls report.

President Biden's remarks on inflation and economic policies

President Biden addresses concerns about stubborn inflation affecting his re-election bid, stating that inflation has been significantly reduced but remains above the 2% target. He emphasizes the impact of small expenses on people's lives and discusses measures like raising taxes on the wealthy to address economic issues.

Minnesota Budget Outlook

Minnesota's budget outlook has improved with a bigger surplus forecast for the current budget, giving the Legislature more breathing room. Corporate tax revenues are up, and a smaller potential deficit is projected for the next two-year budget.