Gas prices jumped $0.11 overnight. Crude oil is ~$85 a barrel.
As @alexsjacquez.bsky.social told @nytimes.com: if this conflict drags on, consumers could face higher costs in “nearly every sector of the economy.”
This isn’t just about what you pay for gas. It's groceries, airfare, & heating bills.
Families have overpaid for everyday goods because of Trump’s tariffs for over a year.
Instead of doubling down & inflicting more harm, the administration should give consumers their money back & pursue a trade agenda that actually benefits American workers & businesses. @alexsjacquez.bsky.social
@alexsjacquez.bsky.social spoke w/ @sarajacobs.house.gov about Trump’s economy.
The labor market has collapsed. Utility prices are up 10%.
“These are the prices that people are mad about that they see every single day. It's why we're seeing some of the worst consumer sentiment we’ve ever tracked.”
Americans lose at least $165 billion a year navigating the “Annoyance Economy,” from customer service hoops to junk fees & spam calls. @alexsjacquez.bsky.social says these practices harm low-income families, erode trust in institutions, and enrich corporations without any productive return.
Trump promised to cut energy bills in half.
Instead, utility debt is rising, electricity prices are surging, and he's slashing assistance for households.
“This is going to be a huge deal, both as a policy matter and a political matter.” our @alexsjacquez.bsky.social told BBC.
bit.ly/4buMlfI
I’m pivoting to video.
First: Break up Big Streaming.
Follow for more on TikTok: www.tiktok.com/@alex.jacquez
Consumers lose if either Netflix or Paramount buys Warner Bros, our @alexsjacquez.bsky.social writes for @marketwatch.com.
“Consumers deserve fair prices and more choice, as well as not needing multiple apps just to watch their favorite shows.”
Neither Netflix nor Paramount should own Warner Bros.
We've handled consolidation in Hollywood and broadcast before. It's past time to break up Big Streaming and separate content production from platforms.
My latest in @marketwatch.com: www.marketwatch.com/story/either...
Third: Recession risks are rising.
Unemployment has risen nearly a full point over two years—not enough to trigger the Sahm Rule, but increases this large historically put us near the tipping point.
Any new shock (data center bust?) could tip us into a recessionary spiral.
Second, some trouble. A weakening labor market hits some workers much harder than others.
Over the past year:
⬆️ White unemployment: up 0.1 points
⬆️Black unemployment: up 1.8 points
Tight labor markets are a tool for racial justice. Weak ones widen the gap.
First, the good news: The post-pandemic recovery was the most successful countercyclical policy in U.S. history.
Prime-age employment hit 80.7%—a level only exceeded briefly in 1997-2001.
Recovery from past recessions took up to 12 years. This one took three.
The September jobs report tells 3 key stories:
✅ Pandemic fiscal response was a historic success
⚠️ Weakening labor market is widening inequality
🚨 Recession warnings are flashing
From @groundwork.bsky.social Senior Fellow @jwmason.bsky.social 🧵
groundworkcollaborative.org/news/the-sep...
While Trump scrambles to try to fix all the economic problems he caused, many families are sprinting toward disaster.
“People are getting killed on the cost of living. These are real, structural, big-ticket items on people’s balance sheets,” our @alexsjacquez.bsky.social told @newrepublic.com.
Welcome to New York, @econspeakers.bsky.social. We're setting up shop in the Empire State to bring some much-needed balance to the economic news landscape.
Housing. Health care. Utilities. Groceries.
In this episode, former Biden trade adviser @alexsjacquez.bsky.social is so illuminating in explaining Trump's tariff fiasco, what's about to happen at the Supreme Court, and much more:
"The president is looking for a quick fix to a market that is fundamentally broken."
Stretching payments over 50 years means families spend more on interest while doing nothing to address the housing shortage driving prices higher. We need more homes, not more debt. @alexsjacquez.bsky.social
Rising health care premiums may force families to choose between care and rent, groceries, or other essentials—on top of rising costs from Trump’s trade war.
@alexsjacquez.bsky.social: "That health care line item in the budget is going to tick up and further drag on the economy."
Come work with me! I'm hiring an Associate Director of Policy & Advocacy to join my all-star team
@groundwork.bsky.social
Do you get up early on Jobs Day? Watch Fed pressers live? Want to shape progressive, populist economic policy? Apply here: groundworkcollaborative.applytojob.com/apply/Zfkdl4...
@alexsjacquez.bsky.social told @marketplace.org's Nancy Marshall-Genzer that moves to pressure the Fed could backfire: shaken confidence in U.S. financial stability could drive up long-term interest rates, hitting Americans' mortgages and credit cards hard.
@alexsjacquez.bsky.social joined @janecoaston.bsky.social to break down Trump’s reckless trade policy ahead of the August 1st deadline, which could unleash massive new tariffs.
"We're not distinguishing between a high capacity electric vehicle battery and a banana that we are never going to grow."
NEW: 6 in 10 voters believe the Trump admin’s actions will raise housing costs.
@alexsjacquez.bsky.social: “We’re just seeing a sclerosis in the market, and Trump is not doing anything to make it better. People are pretty sour.”
5 rural nursing homes in upper PA are at risk of closing b/c of GOP cuts to Medicaid. The nursing homes are in districts represented by Republicans who voted to close them.
“The cuts represent the largest cuts to Medicaid in history & are going to have impacts across PA.” @alexsjacquez.bsky.social
“We've started to see prices creep up. We’ve seen businesses use the confusion and uncertainty as an excuse to try to hike their prices.”
Watch @alexsjacquez.bsky.social on @news4jax.com discuss Trump’s trade policy and how it’s hitting American consumers.
Great new episode of Organized Money out today, we got @alexsjacquez.bsky.social to take about rare earth minerals, why China has a monopoly on them, why it wouldn't be a hard monopoly to break, and why nobody has done so.
www.organizedmoney.fm/p/americas-r...
Don’t judge a jobs report by its headline. I joined @aliciamenendez.bsky.social on @msnbc.com to break down the weakness under the hood of today’s report and what it means for Powell and the Fed.
The GOP budget bill provides its billionaire tax breaks early on & saves the painful benefit cuts for families until after the midterms.
“They want to try to get past elections & try to hide the ball on the damage they’re imposing on health care and food assistance,” said @alexsjacquez.bsky.social.
Senate leadership is rushing to pass a disastrous bill slashing nearly $1 trillion from Medicaid — cuts that would devastate rural hospitals and strip coverage from millions of low-income families, children, and seniors. @alexsjacquez.bsky.social on @fox2now.bsky.social.
“If you don't know what your costs are going to be next month, next week or next year… It's going to be hard for consumers to make big-ticket purchases like cars and houses, and we've seen it in the sentiment.”
Watch @alexsjacquez.bsky.social break down this uncertainty on @msnbc.com.
CEOs, businesses, and voters are growing more and more fed up with Donald Trump’s economy. Why? Uncertainty is the word of the day. I joined @aliciamenendez.bsky.social on @msnbc.com to talk about what we’re seeing in the data and the polls.
