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Photo: Saul Loeb/Getty Images

A majority of Americans approve of President Trump's handling of the economy for the first time, according to CNBC's All-America Economic Survey, which has tracked the number since he first took office.

Why it matters: Confidence in Trump's handling of the economy seems to be tied to his overall approval ratings, which could be good news for Republicans ahead of the 2018 midterms.

Americans on Trump, by the numbers:

  • There are more Americans who believe the economy is excellent than there are those who believe it is poor for the first time in the 10-year history of the survey.
  • A huge gap in Trump's economic approval and overall approval exists for non-white Americans: 39% approve of his job with the economy, but only 23% approve of his performance as president.
  • Trump's overall disapproval rating has reached a record low: 47%.
  • 51% of Americans disapprove of Trump's immigration policies — unchanged from last quarter and last year, despite the controversy over family separations dominating the news during the polling.
  • Yes, but: Only 25% of those surveyed credit Trump directly for the healthy economy — however, only 3% credit Republicans in Congress.

Go deeper: 5 signs the U.S. economy is in good shape.

Go deeper

Mike Allen, author of AM
1 hour ago - Politics & Policy

First look: Anita Dunn advises Dems on economy message for '22

Signs from a President Biden event yesterday in Kansas City, Mo. Photo: Chase Castor/Bloomberg via Getty Images

In a midterm preview, top Democratic strategist Anita Dunn advises the party's House and Senate members to frame Republicans "as being against the economic interests of working Americans."

What she's saying: "Explicitly framing Republicans as opposing policies to lower costs does better than simply framing Republicans as the 'party of no,'" Dunn, White House senior adviser until August, writes in the memo.

JPMorgan: "Full global recovery" in 2022

Photo: Erik McGregor/LightRocket via Getty Images

JPMorgan Chase Global Research says in a forecast to clients: "2022 will be the year of a full global recovery, an end of the global pandemic, and a return to normal conditions we had prior to the COVID-19 outbreak."

The big picture: The bullish report sees "a return of global mobility, and a release of pent-up demand from consumers (e.g. travel, services)."

Inside Trump's hunt for "disloyal" Republicans

Illustration: Aïda Amer/Axios

Donald Trump and his associates are systematically reshaping the Republican Party, working to install hand-picked loyalists across federal and state governments and destroy those he feels have been disloyal, sources close to the former president tell Axios.

Why it matters: If most or all of Trump’s candidates win, he will go into the 2024 election cycle with far more people willing to do his bidding who run the elections in key states.