President Donald Trump showcased what he called “extraordinary” new economic data during remarks highlighting the latest figures on personal income growth and trade.
To underscore the strength of the numbers, Trump played a recorded segment from CNBC featuring longtime financial commentators Joe Kernen and Rick Santelli, both of whom praised the first-quarter income surge and the administration’s transparency.
“I think what I’ll do, if you don’t mind,” Trump said, “numbers have just come out, which are rather extraordinary, and I thought I’d play a tape of one of the people who I’ve respected over the years from you know, Joe Kernen and Rick Santelli. This just came out, and we’ll just play that for a second.”
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In the clip, CNBC’s Joe Kernen remarked on the strength of the income data: “Personal income is up eight tenths, up eight tenths of a percent. That is almost triple the expectations. The income, the income numbers, really, for the first four months of the year, they’re stellar. They’re really stellar.”
Kernen also commended the Trump administration’s openness in handling economic data and policy: “This administration is criticized for just about everything under the sun. I’ve never, ever in my lifetime, had glimpses into the politics of an administration in the form of transparency, like this one. Why don’t we be, you know, give credit where credit is due. Income really shooting up.”
Rick Santelli followed Kernen with remarks on the unexpected movement in the trade deficit.
Santelli noted that many analysts had expected a temporary spike in imports before tariffs were implemented, but the opposite appeared to have occurred.
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“I also thought everybody was going to get one last order of imports that were going to be tariffed and they were loading up on things,” Santelli said.
“How the hell did they already fix the trade — or not fix it, but to cut it in half — that’s crazy. So there wasn’t a lot of front loading of things that they needed before the tariffs hit.”
Kernen then returned to the discussion with a comment on how the latest numbers challenge long-held assumptions.
“Yeah, I’ll tell you what, it really does call into question some of the conventional wisdom,” he said.
“And you know, it’s going to be interesting to see what happens next month when we get this number, or we see some of the other numbers, like current account, see how they fared, because I don’t know. I’ve been watching these numbers a long time. I don’t think I’ve ever seen the trade deficit cut in half in one month.”
Trump responded to the clip with a brief comment to acknowledge the work behind the figures.
“Not bad, not bad,” Trump said.
“See Howard and Scott are here, so it’s great. You guys want to stand over here. You might as well — you’re the ones that help produce those numbers, and it’ll only get better.”
Trump reaffirmed the role of tariffs in shaping economic policy and signaled continued confidence in the direction of trade reform.
“The tariffs are so important, and that’s why we were so happy with the decision yesterday,” he added.
President Trump forces fake news media to watch the TRUTH about how his plan is working pic.twitter.com/q1ikcdmTMF
— Bongino Report (@BonginoReport) May 30, 2025
The remarks follow a series of data releases showing strong first-quarter growth in personal income and a significant drop in the trade deficit — developments that the White House credits in part to the administration’s economic policies, including the implementation of tariffs.
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