By Newsmax Finance Staff Friday, 07 February 2020 11:11 AM EST</span> <div style="clear: both;"></div> </p> </div> <div class="clear"></div> </div> <div id="artPgShareCont1" class="share-bar"> <style> .shareBtnContainer { width: 210px; } .addthis_inline_share_toolbox_7e7w { margin-top: 2.25px; } .at-resp-share-element.at-mobile .at-share-btn { margin-right: 0px !important; } #aEmailLink { background-color: rgb(151, 151, 151); margin: 0; } #aSmsLink { background-color: #1ece8e; margin: 0; } .at-resp-share-element .at-share-btn:focus, .at-resp-share-element .at-share-btn:hover { transform: none; } @media (min-width: 400px) { .socialShare, .shareBtnContainer, .toolbarContainer { width: max-content; } } @media (max-width: 400px) { .socialShare, .shareBtnContainer, .toolbarContainer { width: 100%; height: auto; } #artPgShareCont, .share-bar { height: auto; padding: 10px; } .toolbarContainer { width: 100%; margin: 0px; position: relative; left: 7px; } .socialShare #aEmailLink { margin-left: 0; } } </style> <!-- Share Button Container Div Start --> <div class="socialShare"> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_nmShare_cntSharebuttons" class="shareBtnContainer"> <!-- ShareThis BEGIN --> <div class="sharethis-inline-share-buttons"></div> <!-- ShareThis END --> <input type="hidden" name="p$lt$zoneContent$pageplaceholder$p$lt$zoneLeft$NewsmaxArticleLayout$nmShare$hdnLink" id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_nmShare_hdnLink" /> </div> </div> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_nmShare_toolbarContainer" class="toolbarContainer"> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_nmShare_divComment" class="tool floatLeft"> <a href="#CommentSection" class="emailFwPrint Comment" onclick="scrollToComnent()">Comment</a>| </div> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_nmShare_divPrint" class="tool floatLeft"> <a href="javascript:printPage(953123);" class="emailFwPrint">Print</a>| </div> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_nmShare_divTextresize" class="floatLeft">     <a href="#textSize" class="textSizeLink textReduce" rel="textSize">A</a>   <a href="#textSize" class="textEnlarge" rel="textSize">A</a> </div> </div> <script type="text/javascript"> jQuery(document).ready(function () { //window.onload = function () { var emailArticle_subject = encodeURIComponent(GetShareData('og:title')) + ' | Newsmax'; var emailArticle_body = encodeURIComponent(GetShareData('og:description')) + ' | Newsmax%0A%0AClick here to read more: ' + GetShareData('og:url'); var emailArticle_link = "mailto:?subject=" + emailArticle_subject + "&body=" + emailArticle_body; var smsArticle_link = "sms:?&body=" + encodeURIComponent('Click here to read more: ' + GetShareData('og:url')); waitForElm('.sharethis-inline-share-buttons .st-btn').then((elm) => { /* DO STUFF */ jQuery('.sharethis-inline-share-buttons .st-btn:eq(1)').after('<a id="aSmsLink" href="' + smsArticle_link + '" role="button" title="SMS" class="st-btn smsArticleLink"><img src="/App_Themes/Newsmax/images/articlePage/SMS.png" /></a>'); jQuery('.sharethis-inline-share-buttons .st-btn:eq(1)').after('<a id="aEmailLink" href="' + emailArticle_link + '" role="button" title="Email" class="st-btn emailArticleLink"><img src="/App_Themes/Newsmax/images/articlePage/Email.png" /></a>'); }); // Bind events jQuery(".st-btn[data-network='facebook']").on("mousedown", function () { console.log("Share with Facebook!"); (function (i, s, o, g, r, a, m) { i['GoogleAnalyticsObject'] = r; i[r] = i[r] || function () { (i[r].q = i[r].q || []).push(arguments) }, i[r].l = 1 * new Date(); a = s.createElement(o), m = s.getElementsByTagName(o)[0]; a.async = 1; a.src = g; m.parentNode.insertBefore(a, m) })(window, document, 'script', 'https://www.google-analytics.com/analytics.js', 'ga'); ga('create', 'UA-31221-1', 'auto'); ga('send', 'event', { eventCategory: 'NTG social', eventAction: 'social share', eventLabel: 'facebook', nonInteraction: false }); }); jQuery(".st-btn[data-network='twitter']").on("mousedown", function () { console.log("Share with Twitter!"); (function (i, s, o, g, r, a, m) { i['GoogleAnalyticsObject'] = r; i[r] = i[r] || function () { (i[r].q = i[r].q || []).push(arguments) }, i[r].l = 1 * new Date(); a = s.createElement(o), m = s.getElementsByTagName(o)[0]; a.async = 1; a.src = g; m.parentNode.insertBefore(a, m) })(window, document, 'script', 'https://www.google-analytics.com/analytics.js', 'ga'); ga('create', 'UA-31221-1', 'auto'); ga('send', 'event', { eventCategory: 'NTG social', eventAction: 'social share', eventLabel: 'twitter', nonInteraction: false }); }); jQuery(".st-btn[data-network='linkedin']").on("mousedown", function () { console.log("Share with LinkedIn!"); (function (i, s, o, g, r, a, m) { i['GoogleAnalyticsObject'] = r; i[r] = i[r] || function () { (i[r].q = i[r].q || []).push(arguments) }, i[r].l = 1 * new Date(); a = s.createElement(o), m = s.getElementsByTagName(o)[0]; a.async = 1; a.src = g; m.parentNode.insertBefore(a, m) })(window, document, 'script', 'https://www.google-analytics.com/analytics.js', 'ga'); ga('create', 'UA-31221-1', 'auto'); ga('send', 'event', { eventCategory: 'NTG social', eventAction: 'social share', eventLabel: 'linkedin', nonInteraction: false }); }); jQuery(".emailArticleLink").on("mousedown", function () { console.log("Share with Email!"); (function (i, s, o, g, r, a, m) { i['GoogleAnalyticsObject'] = r; i[r] = i[r] || function () { (i[r].q = i[r].q || []).push(arguments) }, i[r].l = 1 * new Date(); a = s.createElement(o), m = s.getElementsByTagName(o)[0]; a.async = 1; a.src = g; m.parentNode.insertBefore(a, m) })(window, document, 'script', 'https://www.google-analytics.com/analytics.js', 'ga'); ga('create', 'UA-31221-1', 'auto'); ga('send', 'event', { eventCategory: 'NTG social', eventAction: 'social share', eventLabel: 'email', nonInteraction: false }); }); jQuery(".smsArticleLink").on("mousedown", function () { console.log("Share with SMS!"); (function (i, s, o, g, r, a, m) { i['GoogleAnalyticsObject'] = r; i[r] = i[r] || function () { (i[r].q = i[r].q || []).push(arguments) }, i[r].l = 1 * new Date(); a = s.createElement(o), m = s.getElementsByTagName(o)[0]; a.async = 1; a.src = g; m.parentNode.insertBefore(a, m) })(window, document, 'script', 'https://www.google-analytics.com/analytics.js', 'ga'); ga('create', 'UA-31221-1', 'auto'); ga('send', 'event', { eventCategory: 'NTG social', eventAction: 'social share', eventLabel: 'sms', nonInteraction: false }); }); //} }); function waitForElm(selector) { return new Promise(resolve => { if (document.querySelector(selector)) { return resolve(document.querySelector(selector)); } const observer = new MutationObserver(mutations => { if (document.querySelector(selector)) { observer.disconnect(); resolve(document.querySelector(selector)); } }); observer.observe(document.body, { childList: true, subtree: true }); }); } function scrollToComnent() { jQuery('html,body').animate({ scrollTop: jQuery('#CommentSection').offset().top }, 'slow'); } </script> <!-- IncludeMore="true" SharingSites="Facebook|Twitter|Digg" /> --> <div class="clear"></div> </div> <div id="artPgBeyondWords" class="beyondwordsplayer"> <script type="module" crossorigin src="https://instaread.co/js/instaread.player.js"></script><instaread-player publication="newsmax"></instaread-player> </div> <div id="artPgMnStryWrapper"> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_pnl" class="artPgMnStryWrapper"> <!-- Image Before Text Start --> <div id="imageBot" class="artImageContainer"> <div class="artCaptionContainer"> </div> </div> <!-- Image Before Text End --> <div id="mainArticleDiv" itemprop="articleBody"> <p>White House adviser Larry Kudlow said Friday’s “blowout” jobs report was just the cherry on top of a very strong economic start to the new year.</p> <p>Manufacturing, job growth and the stock market all boosted the economy in January, Kudlow said.</p> <p>"I think we're in very strong territory right now," <a href="https://youtu.be/O8GIgw2JOZI" target="_blank">Kudlow told Fox Business Network’s Stuart Varney</a>.</p> <p>The veteran financial guru and former Ronald Reagan adviser cited solid job creation, a seeming rebound in manufacturing after a six-month slump, strong housing numbers and a 1,000 point surge in the stock market.</p> <p>U.S. hiring topped expectations in January, as the economy added 225,000 jobs while unemployment ticked up slightly to 3.6 percent, near a half-century low. It marked the 112th month of straight gains. Over the past three years, take-home pay (after taxes) has gone up by $5,000, said Kudlow, who worked as Reagan’s budget deputy between 1981 and 1985.</p> <p>"It's a blowout number," said Kudlow, who served as the Trump campaign's senior economic adviser. "We've had a whole spate of good news for the month of January,"</p> <p>Despite the healthy economic indicators and the so-called "blue-collar boom," Kudlow said he "wouldn't mind" seeing officials at the Federal Reserve "be a little bolder" during their March policy-setting meeting.</p> <p>Kudlow said stocks "moved down this morning because with such a strong report on jobs, the Federal Reserve is not likely to cut rates, and I think a lot of investors were hoping for a rate cut."</p> <p>The Fed cut rates three times last year to a target range of 1.5% to 1.75%. Policymakers have signaled they see little reason to change things for the balance of this year, despite uncertainty over the impact on the U.S. economy of the new coronavirus outbreak in China.</p> <p>Traders for their part have been pricing in a Fed rate cut by mid-year since the epidemic began spreading outside of China last month, triggering businesses to shut operations and governments to restrict travel to prevent the spread.</p> <p>In a wide-ranging interview, Kudlow also said Britain's decision to grant China-based Huawei Technologies a limited role in its 5G network despite U.S. concerns will not hinder efforts to reach a U.S.-UK trade deal.</p> <p>"We will be working with our British cousins on 5G. We think we can work with them and show them options. We'd love to do a free trade agreement," Kudlow said.</p> <p>Asked if a reportedly contentious call between U.S. President Donald Trump and British Prime Minister Boris Johnson could interrupt the planned deal, Kudlow said: "No, it wont" and cast doubt on the report, <a href="https://www.reuters.com/article/idUSKBN2011WV" target="_blank">Reuters reported.</a></p> <p>The Financial Times on Thursday reported that Trump was "apoplectic" in the call with Johnson last week following the UK decision on 5G despite the Trump administration's warning over security concerns.</p> <p>Britain's decision could impact intelligence information sharing between the United States and its top ally, though Kudlow has previously said no decision has been made yet.</p> <p>The FT, citing unnamed officials in London and Washington, said Trump was livid during his exchange with Trump. Johnson's office declined to comment on the report.</p> <p>"I know there's a lot of adjectives coming out of that phone call, I don't think that that's exactly true," Kudlow told the Fox Business Network on Friday. </p> <p>In various other media appearance:</p> <ul> <li>Kudlow that a U.S. decision to impose "Section 232" national security tariffs on cars and auto parts imported from the European Union is on pause amid attempts to reach a U.S.-EU trade deal, <a href="https://www.reuters.com/article/idUSL1N2A70XD" target="_blank">Reuters reported</a>. "I think that whole discussion is on hold for the moment while we work through a good-faith effort with respect to the possibility of an EU trade deal,"<a href="https://www.bloomberg.com/news/videos/2020-02-07/xi-reassured-trump-on-meeting-trade-purchases-goal-kudlow-says-video" target="_blank"> Kudlow said in an interview with Bloomberg TV.</a></li> <li>Chinese President Xi Jinping told U.S. President Donald Trump that China would still meet its Phase 1 trade deal purchasing targets despite delays linked to the coronavirus, Kudlow told Bloomberg Television. Kudlow, who spoke following a phone call between the two top leaders earlier on Friday, said there was no tension between the the United States and China over the handling of the fast-moving virus outbreak. </li> </ul> <p>Material from Bloomberg and Reuters has been used in this report.</p> <p> </div> <div id="divBloggerExtraArticles" class="extraLinks"> </div> <div id="divLastInsidersArticles" class="extraLinks"> </div> <div id="divArticleRelatedStories"> <strong>Related Stories:</strong></p> <ul> <li><a href="https://www.newsmax.com/newsmax-tv/larry-kudlow-white-house-economic-adviser/2019/04/25/id/913377/" ping="/url?sa=t&source=web&rct=j&url=https://www.newsmax.com/newsmax-tv/larry-kudlow-white-house-economic-adviser/2019/04/25/id/913377/&ved=2ahUKEwjjz7LauKPlAhUKqlkKHQn5DN4QFjACegQIAxAB">Larry Kudlow to Newsmax TV: 'I Hit Newsmax First'</a></li> <li><a href="https://www.newsmax.com/newsmax-tv/trade-tariffs-chinese-sanctions/2019/04/25/id/913376/" ping="/url?sa=t&source=web&rct=j&url=https://www.newsmax.com/newsmax-tv/trade-tariffs-chinese-sanctions/2019/04/25/id/913376/&ved=2ahUKEwin54vuuKPlAhUM2VkKHW8bAu44ChAWMAV6BAgDEAE">Kudlow to Newsmax TV: US Goal Not 'to Make Chinese Happy'</a></li> </ul> </div> <div id="divSingleQuestionPool"> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_pnlSingleQuestionPool"> </div> </div> <p class="articleCopyright"> © 2026 Newsmax Finance. All rights reserved. </p> <br /><div id="divArticleSpecialLinks" class="extraLinks"></div> <div class="commentlink" rel="clink"><div class="commentlink-icon"></div><a class="CommentRef" href="#CommentSection">Click Here</a> to comment on this article</div> </div> </div> <!-- FB Like then Share --> <div class="fb-wizard fb-wiz-style"> <a class="fb-wizard-close-btn" href="#"> <img src="/App_Themes/NewsmaxNew/images/tooltipCloseButton.png" width="20" height="20" alt=""> </a> <!-- <div class="fb-wizard-head"> <div class="w-pill step-1 active-step"><span>1</span>Like our page</div> <div class="w-pill step-2 inactive-step"><span>2</span>Share</div> </div> <div class="fb-wizard-body"> <iframe src="//www.facebook.com/plugins/likebox.php?href=https%3A%2F%2Fwww.facebook.com%2Fnewsmax&width&height=258&colorscheme=light&show_faces=true&header=false&stream=false&show_border=false&appId=323020797885219" scrolling="no" frameborder="0" style="border: none; overflow: hidden; height: 300px;" allowtransparency="true" style="display: none;">
Receive breaking news and original analysis - sent right to your inbox.
Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.