President Donald Trump dozed off during his cabinet meeting on Tuesday. Who could blame him? Listening to Secretary of State Marco Rubio drone on about Russia would prompt souls less hardy than Trump to catch some shuteye.

What should be keeping Trump awake, or at least uneasy, is the shaky state of the American economy. The federal government may not be releasing much data, but the payroll processing company ADP is reporting that private employers cut 32,000 jobs last month. The losses were heavily concentrated among small employers who have been slammed by Trump’s capricious tariff policy. The only positive sign has been in the data centre industry, where investments in AI have been fuelling stock market gains. A recent Fox News poll indicated that 76 per cent of voters view the economy

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