$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory. Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]
Chief Justice John Roberts ordered an indefinite delay in the House of Representatives’ demand for President Trump’s financial records to give the Supreme Court time to figure out how to handle the dispute, and his order contains no hint about what the court ultimately will do. The court’s hold could last a matter of days […]
Moonday, President Trump summoned Fed Chairman Powell to the White House to discuss the economy and interest rates. President Trump tweeted after the meeting that it had been “good & cordial.” The Fed said in a statement that Mr. Powell’s message to Preisdent Trump was similar to the one he expressed in congressional testimony last week, when […]
White House chief economic adviser Larry Kudlow defended President Trump as impeachment hearings are under way in Congress. He said the President has had to “fight hard to do his task” in the political “toxicity” in Washington. “He has been attacked mercilessly and I have seen it up close daily. And he attacks back. I […]
$DIA, $SPY, $QQQ, $RUTX, $VXX “USA is where the action is. Companies and jobs are coming back like never before!” President Trump continues to applaud as the US stock market continues to set records, predicting this Bull market will set even more historical highs in the future. “Hit New Stock Market record again yesterday, the […]
Fed Chairman Powell likes to avoid any hint of politics in his public statements, but in a non-controversial response to a Question about US government borrowing Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy. Over the past year in particular, many mainstream economists […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500, DJIA closed at record highs, again! Public impeachment hearings in Congress about President Trump’s attempts to pressure Ukraine to have scant influence on markets, some analysts said Wednesday. These hearings will be the height of drama inside the beltway, but our sense is that the market impact will […]
$DIA, $SPY, $QQQ, $RTUX, $VXX The benchmark S&P 500 stock index posted a slim gainer Tuesday as President Trump said the United States is close to signing an initial trade deal with China and lauded the economy. The S&P 500 and NAS marked all-time highs during trading but stocks ended off session highs with investors […]
$SPY Over 1,350 people attended the lunchtime speech according to the Economic Club of NY spokeswoman. The club’s membership is a who’s who of New York’s financial elite, and its trustees include John Williams, president of the Federal Reserve Bank of New York, and billionaire hedge fund investor John Paulson, 1 of President Trump’s Top […]
President Trump will address the opening ceremony of New York City’s Veterans Day Parade Monday, becoming the 1st President to do so. He will then will lay a wreath at the Eternal Light Memorial at Madison Square Park. This year’s parade, hosted by the United War Veterans Council, is the 100th annual. The President is traditionally invited […]
$VLKAY, $BMWYY, $DDAIF The German economy is at the cusp of recession Now 30 yrs after the fall of the Berlin Wall, and 29 years after Germany was reunified into 1 country, Europe’s strongest economy is facing significant headwinds that risk spilling over into the rest of the EU and the world The closely watched […]
President Trump’s support among Latino voters is holding steady, but overall the numbers are not favorable toward him, according to a poll released Tuesday by Telemundo. According to the poll: 25% of Latinos said they’d vote to re-elect Trump, down slightly from the 28% who said they’d voted for him in 2016. 31% approve of his […]
Despite his reputation for being racially divisive, President Trump’s approval ratings have drifted upward among non-Whites in the last 2 years. While it’s impossible to say exactly why, but a reasonable explanation is that the US’s long economic expansion has been particularly beneficial for minority workers. There is strong evidence that President Trump’s rhetoric on […]
Monday, The Trump administration sanctioned members of Iranian supreme leader Ayatollah Ali Khamenei’s inner circle. Separately, the administration is issuing an up to $20-M reward for information about missing former FBI agent Robert Levinson. He disappeared in Iran in Y 2007 but the Iranian government has never acknowledged arresting him. Senior administration officials announced the […]
President Trump has talked about pulling the United States out of the landmark Paris climate agreement for more than 2 years. Starting Monday he finally can do something about it. Even then, though, the withdrawal process takes a year and would not become official until at least the day after the 2020 Presidential election. In […]
Sunday, President Trump urged British Prime Minister Boris Johnson and Brexit Party leader Nigel Farage to come together to safeguard prospects for expanded US-UK trade after Britain leaves the European Union. President Trump told reporters at the White House that both men were friends of his, but Mr. Johnson was “the right man for the […]
Friday President Trump suggested that he may read the transcript of his phone call with Ukraine’s president that’s at the heart of the House impeachment proceedings. “This is over a phone call that is a good call,” President Trump said of the inquiry in an interview. “At some point, I’m going to sit down, perhaps […]
President Donald Trump may make history once again, as he is on track to become the 1st US President to be impeached for being too successful doing all the right things. Yesterday’s House vote, along party lines, is setting in motion a plan to impeach the President because his record is so strong the Democrats […]
Fed statement: “the labor market strong and that economic activity rising at a moderate rate, job gains have been solid, on average, the unemployment rate low, household spending strong, business fixed investment and exports weak inflation sans than food & energy below 2% ” President Trump launched a fresh attack on the Fed Tuesday, saying […]
In a sign President Trump’s base continues to support him, 40% of voters agree he is the victim of a political “lynching,” according to a new USA Today/Suffolk University poll. Still, 54% of those polled disagree. USA Today noted that while the President’s core supporters do not make up a majority of the electorate, they do give […]
$USD, $DIA, $SPY, $QQQ, $RUTX, $VXX The US Dem House’s impeachment focus is not even a distraction to the financial market, as nothing will or can come of it, as in the world of geopolitics something big happened at the weekend. Sunday, President Trump announced that Abu Bakr al-Baghdadi, the leader of the so-called Islamic […]
Sunday, President Trump announced that ISIS leader Abu Bakr al-Baghdadi died during an overnight raid led by US military forces in Syria, a major victory. President Trump said the world’s most wanted terrorist died “whimpering and crying and screaming.” No US personnel were lost in the operation, however “many” of al-Baghdadi’s fighters or companions were […]
Saturday, President Trump admonished the Washington Post for a “phony” story that reports he is irked and worried amid Democrats’ impeachment inquiry. In a Tweet, President Trump put down the Friday article reporting that he is frustrated witnesses are coming forward to testify before the House. “The Fake Washington Post keeps doing phony stories, with zero sources, that […]
Friday, President Trump waved off the need for any extra help in countering House Democrats’ impeachment efforts, declaring “I’m the team.” The remarks outside the White House before leaving for an event in South Carolina recalled Donald Trump’s 2016 declaration while accepting the GOP Presidential nomination that “I alone can fix it.” “Here’s the thing. I do […]
Alan Dershowitz, Harvard Law professor emeritus, accused those seeking to impeach President Trump of engaging in an “Alice in Wonderland process.” He made his comments in a column posted Thursday on the Gatestone Institute’s website. “The goal of the impeach-at-any-cost cadre has always been the same: impeach and remove Trump, regardless of whether or not he […]
No US President has ever been removed from office via impeachment. Congressional Republicans pressed efforts to discredit the Democratic-led impeachment inquiry against President Trump Thursday with plans for a Senate resolution calling it illegitimate, while the White House lauded lawmakers in his party who stormed into a high-security room and interrupted testimony. The House is […]
There is “no substance” to Democrats’ allegations Vs President Trump, and their closed-door hearings are being held “with a predetermined outcome,” House Freedom Caucus Chairman Andy Biggs said Thursday while explaining why GOP lawmakers decided to push their way into a closed-door hearing. “What we felt was so important is to elevate the conversation for […]
The Pelosi/Schiff House led impeachment investigation Vs President Donald Trump is all about the collapsing the economy. “This economy is the best economy in 30 years,” Christopher Ruddy said in a TV interview Thursday, referencing the insights of Yale economist Robert Shiller. “He is not known for being a Republican,” Mr. Ruddy said. “An incredible […]
American Airlines rode strong demand for flying in the traveling public to higher earnings Thursday despite mounting costs connected to the prolonged grounding of the Boeing 737 MAX. Fuller flights amid a good consumer environment enabled American’s profits to soar 14.2 percent higher in third-quarter to $425 million. Revenues increased three percent to $11.9 billion. […]
Deputy Press Secretary Hogan Gidley Tuesday defended President Trump’s use of the word “lynching” in a Tweet to describe the impeachment inquiry Vs him that when he talks about how the media and Democrats have been treating him since the day he announced his candidacy. “The day he was elected, before being sworn into office they were already […]
Facebook, Inc. (NASDAQ:FB) Earnings Trumps Politics If you listen to the media, it seems that everybody hates Facebook (FB) right now. They are under attack from all sides and provide a rare example of bipartisanship, as Democrats and Republicans alike are criticizing it regularly. Unlike politicians, traders are looking at the company’s results rather than […]
Monday, Christopher Ruddy declared that the House impeachment probe against President Trump is a political “media effort to get the President without any evidence of a crime” that is backed by flawed polling and despite other surveys showing strong support for the President. “This has been a plan and a strategy for the Democrats from […]
Mexico’s massive deployment of its federal forces along the US southern border is blocking migrants from reaching the United States providing and paying for President Trump’s border wall. A Mexican military operation by military police from Mexico’s National Guard has blocked a large caravan of migrants in Tuzantan, Mexico, who were trying to head North and […]
US President Donald Trump warned Monday that Turkey faces imminent sanctions over its incursion into northeastern Syria against Kurdish militia, but also signalled that Washington would avoid armed conflict with Ankara. “Big sanctions on Turkey coming!” Trump said, after Turkish attacks stepped up over the weekend on the Syrian Kurds, who had allied with the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stock market guru, Jim Cramer said President Trump has the upper hand in the China trade distpute because tariffs are hurting the Chinese economy way more than the US economy. “Hate him or like him, he has them where he wants them,” Mr. Cramer said on TV Friday. “I always […]
Dow Jones Industrial Average (.DJI) rallying strongly as Donald Trump and China prime markets for a possible trade deal The stock market bounced aggressively on the news that Trump and Chinese Vice Premier Liu He will meet tomorrow in the White House as the “surprise” teased by Larry Kudlow comes to fruition. Additionally, a soft US CPI number gave […]
Dow Jones Industrial Average (.DJI) Ignores Trump Tweetstorm, Begs for Trade War Progress Minutes before the closing bell, the Dow Jones Industrial Average had lost 41.73 points or 0.16%, dropping the index to 26,531.99. The DJIA had traded as high as 26,655.84 earlier in the session. Putting Trump’s Turkish comments in context, the president announced that the […]
Japanese Yen: USD/JPY (JPY=X) Trump could trigger a break The Dollar/Yen is trading lower on Monday as renewed concerns over U.S.-China trade relations encouraged investors to seek shelter in the safe-haven Japanese Yen. Last week, the Forex pair was pressured by a series of weaker-than-expected U.S. economic report that dramatically increased the chances of a […]
As tariffs loom on $7.5-B worth of tariffs on European goods, leaders in those countries “respect” President Trump and how his policies have worked to improve and grow the US economy, US Ambassador to Germany Richard Grenell said Friday. “I’ll tell you one thing, they respect him,” Amb. Grenell said in a business interview, after […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow declared President Trump is doing the “Lord’s work” when it comes to defending the US economy in terms of dealing with China, and said he does not believe there is a recession in sight under current scenario. “I know everybody wants […]
Friday, President Trump signed a Proclamation suspending entry of immigrants who will not be covered by health insurance within 30 days of entering the United States or do not have the means to pay for their healthcare costs themselves. The Proclamation, issued by the White House, said it would not affect any individual’s eligibility for […]
UK FTSE 100 (.FTSE) posts biggest drop for over 3 years as global growth, trade wars, Brexit, Trump worries create perfect storm The FTSE 100 index recorded its biggest one-day drop for more than three years as fears over the state of the US and global economies amid trade war concerns and intensifying Brexit worries created the perfect […]
Thursday, House Speaker Nancy Pelosi, in a TV interview said she does not think the impeachment inquiry on President Trump has gone past no return, and she does not think a vote to impeach him is inevitable in the House. “We just go forward and follow the facts,” the California Democrat said. “There are some […]
$BA, $EADSF Thursday, President Trump hailed as a “nice victory” when the United States got the Green light to place tariffs on European Union goods in a row over EU aircraft subsidies. Wednesday’s decision by the WTO left Scottish whisky makers, Spanish winemakers and French cheesemakers fuming as the US tariffs targeted products from countries […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, President Trump continued his attack on the Fed, and this time saying Chairman Powell and central bankers were “their own worst enemies” after a US manufacturing index posted the weakest monthly reading since the end of the last recession in Y 2009. “As I predicted, Jay Powell and the […]
President Donald Trump’s personal attorney Rudy Giuliani said his work with the Ukraine was not about finding dirt on former Vice President Joe Biden, but investigating Ukraine-Hillary Clinton collusion in the Y 2016 Presidential election and “proving Donald Trump was framed by the Democrats.” “I am defending my client the best way I know how,” Mr. […]
Friday, President Trump’s re-election campaign and the Republican National Committee (RNC) announced that they are spending a combined $10-M on ads attacking Joe Biden over Ukraine and the House Democrats for beginning an impeachment inquiry of the President. One e-Mail mailing that went out Saturday referred to the “phone call from hell” — a reference […]
Dems are basing their impeachment inquiry on “snitches, and rats, and backstabbers,” Fox News correspondent Geraldo Rivera predicts. Just another day in the life of the woebegone Presidency. “So it’s going to be the president of the United States in a conversation that was intercepted by a rotten snitch – I’d love to wap him, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Friday, US financial markets suffered a trade-related happening on concern The Trump Administration may move to limit US investment in China, a move sure to raise tensions. The S&P 500 turned lower after it was reported that officials are discussing ways to restrict portfolio flows into the world’s 2nd-largest economy. […]
Dow Jones Industrial Average (.DJI) rises on Trump’s trade comments U.S. stock indexes rose on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected, while Nike’s shares hit a record high on upbeat quarterly results. Wall Street had a sluggish start after Democratic lawmakers moved to launch an […]
NASDAQ Composite (.IXIC) retakes 8,000 as Trump says China trade deal ‘could happen sooner than you think’ U.S. stock-market benchmarks late-morning Wednesday were trading near session highs, with banks, consumer-staples, and discretionary stocks helping to power a rise. The Dow Jones Industrial Average DJIA, +0.61% was up 140 points, or 0.5%, at 26,950, the S&P 500 index SPX, +0.62% was rising […]
United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled Oil prices fell 2% on Tuesday as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled amid ongoing negotiations, a grim sign for oil demand growth. Trump sharply […]
Tuesday, President Trump denounced Iran’s “blood lust” and called on other nations to join the United States to pressure Iran after attacks on Saudi Crude Oil production facilities, but said there is a path to peace. “America knows that while anyone can make war, only the most courageous can choose peace,” President Trump said Tuesday […]
Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade All the big banks rose, with ANZ up 1.3 per cent to $28.28, Westpac up 0.4 per cent to $29.92, NAB up 0.6 per cent to also close at $29.92, and Commonwealth up 0.1 per cent to $82.10. In the materials […]
Monday, President Trump told reporters at the UN Monday that while he was deserving of a Nobel Peace Prize, he does not expect it to be awarded to him, but he does deserve it. “I think I’m going to get a Nobel Prize for a lot of things, if they gave it out fairly, which […]
Sunday, President Donald Trump’s run-up to the UN General Assembly was a visit to 2 Key political states, Texas and Ohio, with 2 world leaders at very successful events. Sunday, in Wapakoneta, Ohio, President Trump and Australian PM Scott Morrison visited a recycled paper factory being opened by Anthony Pratt, an Australian businessman who is […]
President Trump, America’s deal-maker, has a long list of unresolved foreign policy deals he has yet to close heading into his UN visit next week. There are Key issues with Iran, NKorea, the Afghan Taliban, Israel and the Palestinians, plus a number of trade pacts. President Trump says that he is in “no rush” to […]
$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX This week the Fed cut interest rates for the 2nd time since the Great Recession, and found its hands full with another event with potentially catastrophic implications for the economy. In short, liquidity in the repo markets, a critical cog in the financial system machine seized Tuesday. In response, […]
$DIA, $QQQ, $SPY, RUTX, $VXX President Trump Tweeted: “Fed, Powell ‘Fail Again’”After FOMC Rate Cut The Fed cut interest rates for the 2nd time since July, and it was not enough for President Trump. President Trump assailed policy makers just mins after their decision Wednesday to cut the benchmark interest rate by 25 bts. “Jay […]
Monday, President Trump again demanded that the Fed cut interest rates in the wake of an attack in Saudi Arabia over the weekend led to a major Crude Oil disruption. In a pair of tweets Monday, the President questioned whether the Fed would “ever get into the game” and said the central bank and its Chairman, Jerome […]
$OIL, $USO Monday, President Trump said said that it looked like Iran was responsible for attacks at the weekend on Saudi Arabian Crude Oil plants, but he does not want war with anyone, is in no rush to respond and is trying to find out who was behind the strikes. Several of his Cabinet officials […]
Now, less than 14 months before Election Day, the President’s team is banking his re-election hopes on identifying and bringing to the polls hundreds of thousands of Trump supporters; people in closely contested states who did not vote in Y 2016. The campaign is betting that it may be easier to make voters out of […]
More than 67% of North American CFOs (chief financial officers) surveyed by CNBC say President Trump will be re-elected in Y 2020. About a 25% believe former Vice President Joe Biden will win. This is the 1st time the CNBC Global CFO Council survey has asked executives about the upcoming elections. The survey also showed that a majority […]
The Senate confirmed President Trump’s 150th judicial nominee this week, bringing the total to 152, including 2 Supreme Court justices, a milestone lauded by Trump himself Friday. “Historic Milestone indeed!” President Trump said on Twitter, referencing a report from The Washington Examiner . The 150 milestone was reached Wednesday, said Senate Judiciary Committee Chairman Lindsey Graham (R-SC). “I’m […]
Attention: Now what really matters is just what the President does and is going to do. President Trump blames the Fed for a slowing US economy, some blame it on him. A survey conducted with YouGov showed 28% of American adults believe the President in general is most responsible for the economy. That surpasses the […]
U.S. President Donald Trump is prepared to keep or even raise tariffs on Chinese imports amid ongoing trade talks, Treasury Secretary Steven Mnuchin said on Thursday, after both sides granted concessions ahead of the next round of negotiations. Still, Mnuchin said in an interview on CNBC, U.S. officials were looking to make progress when talks […]
President Trump is reportedly considering a French plan to allow a $15-B credit for Iran should it come back and comply with the Iran nuclear deal, according to US and foreign officials. The plan was originally floated by French officials but contingent on US approval. President Trump has recently lightened his stance and appeared to […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher on the strength in growth and value stocks President Trump met with economic aides Wednesday to discuss the possibility of cutting the tax on capital gains by indexing them to inflation His advisers updated on the issue, and a final decision on whether to pursue the […]
The Census bureau said on Tuesday that the median US household income was $63,179 in 2018, up from the $62,626 registered in Y 2017. The data reflect a year in which U economic growth was boosted by Trump’s tax overhaul and a rise in government spending. The unemployment rate fell to 3.9% by the end of Y […]
Tuesday, Secretary of State Mike Pompeo said that President Trump may meet with Iranian President Hassan Rouhani at the upcoming United Nations meeting, with “no preconditions.” Secretary Pompeo made the comments at a press briefing to unveil new sanctions on groups including Iran’s Islamic Revolutionary Guard Corps. An official familiar with the disagreements between President […]
$FB, $TWTR President Trump has used Twitter (NYSE:TWTR) as a direct connector to his supporters throughout his Presidency sidestepping the MSM, and he will soon have another tool to get his message out unfiltered. The Trump reelection campaign is launching a social networking app to harness the dedicated energy among his army of supporters. The coming […]
President Trump and his administration has taken a lot of heat for the policies put in place to stem illegal immigration and border crossings, and the moves are working. A new report cites government data for border arrests, which dropped to 51,000 in August, a 60% decrease from a high in May. “What the numbers […]
The tariffs on China have not had a significant effect on the United States’ economy, and will continue until or unless a solid trade deal is reached between the 2 countries, US Treasury Secretary Steven Mnuchin said Monday. “If we can get a good deal, a deal that is good for us, we will sign […]
The Trump Administration will continue to impose sanctions on whoever purchases Iran’s Crude Oil or conducts business with Iran’s Revolutionary Guards and no Crude Oil waivers will be re-issued. “We will continue to put pressure on Iran and as President (Trump) said there will be no waivers of any kind for Iran’s oil,” said Sigal […]
Saturday evening, President Trump said he canceled peace talks with Afghanistan’s Taliban leaders after the insurgent group said it was behind an attack in Kabul that killed an American soldier and 11 other people. President Trump said he planned a secret meeting with the Taliban’s “major leaders” Sunday at the Presidential compound in Camp David, Maryland. […]
The Trump Administration wants to see “near term results” from renewed US-China trade talks in October, White House economic adviser Larry Kudlow said Friday. Speaking on network TV, Mr. Kudlow confirmed that the top US and Chinese trade negotiators would meet in early October but a date certain had not been set. The 14-month US-China […]
Friday, President Trump hammered Fed Chairman Powell for not lowering interest rates, asking “where did I find this guy,” in a Tweet. President Trump was responding to Jim Cramer, who said Friday that Mr. Powell should acknowledge that he should not have raised rates last year. “Why can’t the Fed chief say, ‘You know what? I […]
$FMCC, $FNMA Thursday, the US Treasury said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae (OTCMKT:FNMA) and Freddie Mac (OTCMKT:FMCC), while calling on Congress to develop a comprehensive housing reform that would allow them to be safely freed from government control. The Treasury’s plan, released in a 53-pg report, […]
$GM General Motors (NYSE:GM) Chairman/CEO Mary Barra said her face-to-face session with President Trump Thursday was “productive and valuable, declining specifics. The head of the largest US automaker met with President Trump after he stepped up attacks on the Detroit automaker. He has been hammering GM for much of the last year after the company […]
$DIA Wednesday, President Trump said his trade war with China has hurt the performance of the US stock market, but that he had to confront the country’s economic practices. “Let me tell you, if I wanted to do nothing with China, our stock market, our stock market would be 10,000 points higher than it is […]
President Trump began work on the Wall himself all that will span the entire US-Mexico border. “Rome wasn’t built in a day,” he said after that inaugural swing, “and the same is true for this Wall. I will be dead long before it’s completed. But that is okay, because it’s never been about me. It […]
$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]
Tuesday, President Trump said that trade talks between the United States and China were going well, though he warned that he would be “tougher” in negotiations if they dragged on until his 2nd term. “We are doing very well in our negotiations with China,” President Trump wrote on Twitter, arguing that Beijing could not afford […]
…got the Trump Kiss of Death and sacked! James Comey tried to ‘frame‘ President Trump in memos the former FBI director kept of their conversations, President Trump’s lawyer Rudy Giuliani charges. In an interview aired Sunday the former New York City mayor and federal prosecutor called the tactic “horrid.” “In a case involving the President […]
The United States began imposing additional tariffs on Chinese goods Sunday, but U.S. President Donald Trump said the sides would still meet for talks later this month. President Trump Tweeting, said his goal is to reduce US reliance on China and again urged American companies to find alternate suppliers outside China. This fresh round of […]
“We’re going to win the fight,” President Trump told reporters. “We are having conversations with China, meetings are scheduled, calls are being made. I guess the meeting in September continues to be on, it has not been canceled,” he said. The White House has not announced a date for that meeting. Tariffs kick in on […]
Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.” “The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 […]
President Donald Trump said US and Chinese trade officials were due to hold discussions on Thursday, days before Washington is due to raise tariffs on billions in Chinese goods. “There’s a talk scheduled for today at a different level,” Trump told Fox News Radio, without elaborating. He rebutted prior news reports skeptical of his claims […]
Thursday, President Trump continued hammering the Fed for not cutting rates, which he claims has held back the economy, despite the Fed shaving 1/4pt from the fed funds rate in July. Chairman Powell is in the grinder. “The Economy is doing GREAT, with tremendous upside potential! If the Fed would do what they should, we […]
President Trump tweeted Wednesday that the wall on the southern US border was “going up very fast despite total obstruction by Democrats in Congress and elsewhere” from varying news reports about the structure’s status. The tweet also linked to an Instagram post showing drone footage from US Customs and Border Protection (CPB) of the wall’s progress. President Trump’s […]
President Donald Trump’s new tariffs on China are a “job killer,” US shoe companies warned Wednesday, pleading for them to be canceled. In a sharp deterioration in the US-China trade war, Trump last week ramped up the punitive duties for the vast majority of US imports from China. The five percent increases, which will take […]
Wednesday, President Trump called Puerto Rico “one of the most corrupt places on earth” as the US territory prepared for a hit by Tropical Storm Dorian, which brought back memories on the island of devastation from hurricanes 2 years ago. Tropical Storm Dorian threatens Puerto Rico with a direct hit at near-hurricane force Wednesday and […]
Tuesday, the Fed rejected a call from a former policymaker to counter President Trump’s trade agenda by refusing to “play along” and denying the President the interest rate cuts he demands. “The Federal Reserve’s policy decisions are guided solely by its congressional mandate to maintain price stability and maximum employment,” a Fed spokeswoman said. “Political […]
A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump’s reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should not “enable” Trump’s escalating trade war with China by lowering […]
President Trump said the United States would not imminently impose new tariffs on autos imported from Japan as the largest and 3rd-largest economies continue negotiations to firm up a preliminary trade agreement. At a press conference during a G-7 Summit in Biarritz, France, President Trump was asked if he was still considering the levies, which […]
$USO $OIL President Trump rejected the theory that a source of electricity, wind power is efficient, saying it does not work “all that well.” “We’re the No. 1 energy producer in the world,” President Trump said at the end of this G-7 Summit in Biarritz, France. “I’m not going to lose that wealth on dreams, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street began this week on higher note following President Trump’s trade comments Monday, President Trump scaled back a US-China trade dispute declared that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. “I think we’re […]
Lots of investors have overlooked the story about the stock market and President Trump’s policy on the trade dispute with China dispute, some are calling it a war, I am calling Super Business Dealings Here we explore the issue with the help of this chart, you have to click for it as it is content […]
President Trump is open for diplomacy with Iran after French President Emmanuel Macron flew in Iran’s foreign minister to a G-7 Summit in an effort to reduce US-Iranian tensions. EU leaders want to ‘tamp down‘ down the confrontation between Iran and the United States since President Trump pulled Washington out of the multinational Y 2015 […]
President Trump has scaled back a US-China trade dispute partly blamed for a global economic slowdown, declaring Monday that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. He said the Sunday evening conversations were a sign China is serious about […]
