President Donald Trump hailed better-than-expected jobs numbers on Friday, as he sounded a note of optimism on trade with China and touted the pending return of U.S. sanctions on Iran.
Trump tweeted “Wow!” after the government reported 250,000 new jobs were generated in October, keeping the unemployment rate at a 48-year low. Wages were up 3.1% over the past year, prompting the president to comment, “These are incredible numbers. Keep it going, Vote Republican!”
Opinion: Trump should be crowing about jobs, so why is he obsessed with immigration?
Also see: Republican president and Democratic House? Stocks reacted just fine the last time.
The president also said he was optimistic the U.S. and China would make a trade deal, which led the Dow Jones Industrial Average
to cut its intraday losses. He spoke after White House National Economic Council Director Larry Kudlow refuted a report that Trump had asked for a draft of a U.S.-China trade accord.
“We’re getting much closer to doing something” on China and trade, Trump told reporters. “A lot of progress has been made.”
IRAN SANCTIONS RE-IMPOSED
Trump tweeted a dramatic image of himself that recalled the HBO series “Game of Thrones,” to promote the re-imposition of U.S. sanctions against Iran that had been lifted under the 2015 nuclear deal.
The sanctions will take effect Monday, as Trump alluded to in the tweet. It read simply, “Sanctions are coming. November 5.” The sanctions cover Iran’s shipping, financial and energy sectors. Administration officials said waivers will be granted to eight countries to allow them to temporarily continue importing Iranian oil without U.S. sanctions. The countries weren’t named but analysts have said China, India and Turkey are most likely to be given extra time to find alternative supplies.
Read: Here’s what U.S. waivers on Iran oil sanctions mean for the global crude market.
In a statement to CNBC, HBO said it would “prefer our trademark not be misappropriated for political purposes.” HBO is owned by ATT Inc.
See: Trump invokes ‘Game of Thrones’ in tweet, HBO is not amused.
WEST VIRGINIA, INDIANA RALLIES
Trump spoke at at rally in West Virginia and was scheduled to speak in Indiana as well, with the midterms just days away. In West Virginia, polling shows Democratic Sen. Joe Manchin leading his GOP challenger Patrick Morrisey. Indiana Sen. Joe Donnelly, a Democrat, holds a narrow lead over Republican Mike Braun in recent polling.
Also see: Here’s when to expect the results of the midterms.
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Robert Schroeder is the White House reporter for MarketWatch. Follow him on Twitter @mktwrobs.
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