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Real Time Economics | High Times, Trade Truces and Fed Independence

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Real Time Economics American workers are smoking more marijuana, the European Union and Japan are trying to keep the peace with President Trump, and Fed officials at least sound like they're trying to ignore political pressure. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email.   Because I Got High The share of American workers and job applicants who tested positive for marijuana climbed 10% last year, according to an analysis by Quest Diagnostics, one of the nation’s largest drug-testing laboratories. Quest found 2.3% of the analyzed samples contained traces of marijuana and 4.4% contained traces of both legal and illegal controlled substances including pot, prescription painkillers and other drugs—the highest such rate since 2004. Since then, the number of drug tests showing signs of cocaine, heroin,

Real Times Economics I WSJ

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Real Time Economics It's jobs day! The U.S. employment report for October is out at 8:30 a.m. ET. Today we also look at progress and prospects for resolving the U.S.-China trade fight, slower growth at U.S. factories, so-so worker productivity, labor disruptions, and the company that's following you by tracking your smartphone.   Good Cop President Trump said he had a “very good conversation” with President Xi Jinping of China, signaling progress in the nations’ trade dispute . The president’s upbeat assessment came as an impasse over trade has threatened to undermine a planned meeting between the two leaders at the Group of 20 leaders summit in Buenos Aires later this month, Vivian Salama, Aruna Viswanatha and Kate O’Keeffe report. Mr. Trump said the two discussed many issues by telephone on Thursday, including the trade dispute that has sparked tit-for-tat tariffs on hundreds of billions of dollars of goods flowing between the two countries,