currencies with trade wars all sorts of stuff and f i b small business sentiment climbs in july to second highest level in history the national federation of independent business small business optimism index rose zero point seven points in july to one hundred seven point nine the n f i b said it was the second highest level in history in just under the one nine hundred eighty three peak number one nine hundred eighty three was right before reagan won his landslide in one thousand nine hundred four. or into his second term i think that was the year that that happened eight of the ten components led to plan to increase employment expectations for rising sales and for expansion increased those for current inventory some plans to increase inventories declined the single most important issue flagged by small businesses were concerns about the quality of labor with a net twenty three percent saying so they're finding it difficult to find people to work you know the unemployment rate is down the labor participation rate is high so this goes against all the doom mongers before the election to trump and and of course nobody in mainstream media wants to focus

currencies with trade wars all sorts of stuff and f i b small business sentiment climbs in july to second highest level in history the national federation of independent business small business optimism index rose point seven points in july.

of the american economy. kate rogers explains now what's behind the upbeat mood. >> small business confidence is continuing t rise in the fac of an increasingly strong economy. a new survey fm the national federation of independents shows optimism is neas record levth most owners looking to hire more workers to keep up with strong demand. >> we right now the economy's doing very well and that translates into a lot of demand for the output that small businesses produce. >> but a stubborn problem remains. finding qualified workers to fill qoles. laborlity is the top issue for small business owners, tpacing both taxes and government regulations. ability seen that the to find good workers especially skilled workers rising as a return of a problor companies over the last few years. -- and of course, to the economy and whatever we've seen the econy humming along like this, getting, keeping the right kind of workers in your businessbe reallymes one of the chief challenges. >> and as the labor market continues to tighn, wages are increasing. that's part of the business owners are raising prices. >> the problem that we face now is with the tight labor market and no supply o little increase in supply, we -- if i succeed i

currencies with trade wars all sorts of stuff and f i b small business sentiment climbs in july second highest level in history the national federation of independent business small business optimism index rose point seven points in july to one hundred seven point nine the n f i b said it was the second highest level in history in just under the one nine hundred eighty three peak number one nine hundred eighty three was right before reagan won his landslide in one nine hundred eighty four into his second term i think that was the year that happened eight of the tent.

currencies with trade wars all sorts of stuff and f i b small business sentiment climbs in july to second highest level in history the national federation of independent business small business optimism index rose point seven points in july to one hundred seven point nine the n f i b said it was the second highest level in history in just under the one nine hundred eighty three peak number one nine hundred eighty three was right before reagan won his landslide in one nine hundred eighty four into his second term i think that was the year that happened eight of the ten components led to plans to increase employment expectations for rising sales and for expansion increased those for current inventories and plans to increase inventories decline the single most important issue flagged by small businesses were concerns about the quality of labor with a net twenty three percent saying so they're finding it difficult to find people to work you know the unemployment rate is down the labor participation rate is high so this goes against all the doom mongers before the election to trump and and of course nobody in mainstream media wants to focus on this because

businesses would remain scared to death. literally on the day of the election business optimism went like this. the national federation of independent businesses does a business optimism index and it went up 3.5 percent. it's been at historic levels ever since. i talk to our franchisees to find out why, the guy hasn't done anything yet. what's the optimism? the response i got was andy, we're not waking up at 3:00 in the morning wondering what massive piece of legislation or new regulation is going to come along that makes it more difficult if not impossible for us to make a profit and run our businesses it would have been a disaster had she been elected and i point out that the same people who told you hillary clinton was going to win the election are telling you the democrats are going to do really well in the 2018 election in november and the reason the polls were wrong in november 2016 was because people were afraid. there's so much betrayal, so much that the people supporting trump were so intense, let's say you're at home and you get a call from a guy . i'd like to know how you're going to vote, what are you going to tell them?

literally, on the day of the election, business optimism went like this.the national federation of independent businesses does was call the business optimism index. and it went up 3.5 percent right after the election. i talked to one of the guys and he said we haven't done anything yet. the response i repeatedly got is we are not waking up at 3:00 in the morning wondering what pieces massive regulation will come along that makes it more difficult, if not impossible for us to make a profit and run our businesses. i think it would have been a disaster had she been elected and i would point out the same people that told you hillary clinton would win are now telling you the democrats will do really well in the 2018 election in november. the reason that the polls were wrong in november 2016, was because people were afraid. there's so much vitriol.the attacks on people that supported president trump. let's say you got a call saying i am bill from gallup. i would like to know how you will though. what would you tell him? i'm a hillary clinton support. i haven't made up my mind. and that's why the pol

businesses would remain scared to death. literally, on the day of the election, business optimism went like this, the national federation of independent businesses does what's called the business optimism index and it went up like 3.5%. it's been at historic levels ever since right after the election. attacked to some -- i talked to some of the franchisees, we haven't done anything yet, what's with the optimism, and the response that i repeatedly got, andy, we are not waking up at 3:00 o'clock in the morning wondering what massive piece of legislation or what new regulation will come along to make it more difficult if not impossible to make profit and run businesses, i think it would have been disaster had she been elected and i would point out that the same people that told you hillary clinton was going to win election and are telling you that the democrats are going to do really well in november, and the reasons that the polls were wrong in november of 2016 was because people were afraid -- there's so much vitriol, the attacks on people who supported president trump were so intense that, you know, let's say you're at home and get a

data from the commerce department on monthly capital goods orders, we have the national federation of independent businesses survey and surveys from the regional there's noserve, sign of investment boom. i don't agree that these tax cuts will lead to reinvestment. the administration said you would have 3% gdp growth over the next 10 years. this will be a big thing. -- sign of this happening you don't have any sign of this happening. a large amount of literature saying you have evidence from the 1986 tax-cut, comparable in size, you didn't get any investment boom at all from that, no big investment boom after the great recession when corporate bar when rates were -- borrowing rates were extremely low. giveawaycut was a big to corporations who immediately started share buybacks, which just increased the wealth of stockholders. again, contributed to the forty-year redistribution of income we've been living through . i see you nodding your head and shaking your head. caller: when you look at the when you look at the literature of corporate tax reform, what happens when you have corporate tax cuts, which gets th

d,i'm joined by: karen harhe executive director of the small business legal center at the national federation of independentess. and daniel goldberg, the legal director at alliance for justice, an advoca group. and we welcome both of you to the "newshour". karen harned, i'm going to start with you. how, as you look back at brett kavanaugh's record, how are his decisions seen by the people you represent, small businesses? >> we are very encouraged, aslo we'ved at his record, because, really, what he does is give you predtyictabind certainty in the law because of the way he approaches hisin decision-m he starts with the text of a a ayatute and starts with what the constitution so, therefore, the laws on the books, you have a better understanding of how ae ight actually come out because he really doesn't deviate from the rule of law. >> woodruff: daniel goldberg, what about from your perspective? what do you see? >> when the white house introduced brett kavanaugh, they bragged brett kavanaugh has undermined 75 federal protections for workers, for consumers and for the environment. brett kavanaugh is somebody k

businesses would remain scared to death. literally on the day of the election, business optimism went like this. the national federation of independent called the business optimism index went up 3.5%. it's been an historical levels ever since right after the election. i tried to find out why. what is with the optimism in the response they repeatedly got was we are not waking up at 3:00 in the morning wondering what massive piece of legislation or what new regulations will come along that makes it more difficult if not impossible for us to make a profit and runner businesses. it would've been a disaster had she been elected and i would point out that the same people who told you hillary clinton was going to win the election are now telling if the democrats will do really well in the 2018 election in november. the reason that the pollsel were wrong in november 2016 west because people were afraid -- there is so much vitriol. so much so that the attacks on people who supported trump or so intense that let's say you're at home and get a call from a guy saying i'm bill from gallup and i would like to know how you're going to vote in the e

good morning the national federation of independent business is out with its monthly read on main streetdence ticking up to 107.9 in july. this is the highest reading of president trump's time in office and one point away in the all-time high in 1983. the historical average is 98, so this is well above that reading. the biggest gains were in plans to increase employment, those who expect real sales to increase and those who believe now is a good time to expand the declines were seen in inventory. a stubborn problem remains labor quality. that's the top issue for main street outpacing taxes and government regulations and red tape bill dunkalberg told me the labor problem is getting worse saying a record high percent says qualified labor is their biggest problem. they want to grow and produce more output but it's harder to find people to produce that output these numbers might get worse. this is a conservative lobbying group, but wells fargo and gallop released their small business numbers, they're at the highest reading ever, and what do you think the top problem is? labor quality. >> thi

national federation of independent businesses second highest degree of confidence in history, yes.w taxes, low unemployment rates, low regulatory rates, those things are working. again, now we need to just see all -- >> julie: that's incredible. if you think about the democrats' strategy and nancy pelosi has come out and said do anything you have to do to get elected and she is against the taxes and running against a great strong economy. the democrats have something to fear, would they not? >> it's mind-boggling they're running against the tax cuts. to run against this economy. they'll pivot a little bit and switch it to politics. they'll have to acknowledge that so many americans are doing well they'll say the person across town that has more than you is doing better. they'll go back to the old playbook which is unfortunate. this gallup poll is a wake-up call to the people in power, to the people in power on both sides of the aisle. our young people, millennials in this country feel like something the not right. i think at some point they're the largest voting block they'll do so

. >> and to your point, if you look at the national federation of independent business, the read theres week was the second highest in the 45 years that they've been measuring this stuff. you look inside those surveys, you see small businesses are planning to hire, raise wages, and invest this is part of a larger collection of data that suggests the economy starts to accelerate >> this could be a bad thing for stocks which is counter intuitive >> it is you have to come back to fund males. you're starting to get a real return on cash we're almost there >> 2.8 on the ten-year >> fed funds rate will be 2 next month. >> yeah. i would rather take my chances chris, do you feel the same way? >> from a professional level i love it when the summer ends we have better ability to trade out there. meeting with companies, confidence is high volatility is creating opportunities. applied materials which you mentioned earlier. >> you like that >> i like they're out with numbers and putting out the negative news. it probably creates opportunity in a space where intel and samsung this summer pushed out