(Photo by Andrew H. Walker/Getty Images)
© 2024 Blaze Media LLC. All rights reserved.
Maria Bartiromo: We are starting to see a 'good profit story' in the US
August 03, 2017
While we are overwhelmed by what seems like endless bad news, some economic indicators hail better times to come. Maria Bartiromo of “Mornings With Maria” on Fox News Business told Chris Salcedo on Thursday’s “Chris Salcedo Show” that first quarter Standard and Poor's 500 profits were up 14 percent.
She said, "It's clearly obvious that things are getting better,” as an additional 11 percent growth is predicted. She said for the first time in about a decade, companies are loosening the purse strings. They were not willing to put cash to work because “they were strangled with regulations ... and the end market demand story was unclear.”
She credits President Donald Trump with rolling back regulations so companies feel more secure hiring people and investing in research and development. She said many businesses were spending what money they had on hiring lawyers to deal with hundreds of regulations made during the last administration.
Bartiromo also said that to continue to see improvements, the United States “will need to see some tax reform.” Although employment has gone up, wages are stagnant. The new RAISE immigration proposal might also change the relationship between labor supply and wages.
To see more from Chris, visit his channel onTheBlaze and listen live to “The Chris Salcedo Show” weekdays 2–5 p.m. ET, only on TheBlaze Radio Network.
Want to leave a tip?
We answer to you. Help keep our content free of advertisers and big tech censorship by leaving a tip today.
Want to join the conversation?
Already a subscriber?
News, opinion, and entertainment for people who love the American way of life.
BlazeTV
more stories
Sign up for the Blaze newsletter
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.
© 2024 Blaze Media LLC. All rights reserved.
Get the stories that matter most delivered directly to your inbox.
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.