The 11th BRICS Summit taking place in Brazil on 13-14 November mission is to to usher in a 2nd “Golden Decade” for more fruitful cooperation of the emerging-market group. The past 10 years since its first summit in Russia are suitably dubbed a “Golden Decade” for BRICS, which was originally made up of Brazil, Russia, […]
$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 […]
$XAU, $GLD, $USD Gold prices bounced off session lows and closed in the Green Tuesday, despite a stronger USD. Yields remain edged lower. German data is showing some small signs of improvement. President Trump in a speech before the Economic Club of New York on Tuesday to hammered the Fed, saying that although the stock […]
$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 […]
Tuesday, President Trump on said the United States is close to signing a ‘Phase 1’ trade deal with China. President Trump added in a speech to the Economic Club of New York he will only accept a deal if it is good for his country and US workers. For weeks Trump has said the countries are close to […]
$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 […]
The 2 biggest players in the US economy will take the stage this week, as President Trump and Fed Chairman Powell speak amid signs the nation’s trade war with China may be thawing. President Trump will deliver a speech at the Economic Club of New York Tuesday, with investors hoping he sheds light on a […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in and the market is posting record highs almost on a daily basis. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report, earnings […]
The Trump Trade Policy is Working Collected a Record $7-B in Tariffs in September Tariff revenue rose 9% from August and was up more than 59% from a year earlier. The US collected a record $7-B in import tariffs in September, fresh figures show, as new duties kicked in on apparel, tools, electronics and other […]
$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 […]
Friday, President Trump is responded to a possible run by former New York City Mayor Michael Bloomberg for the Democratic Presidential nomination, saying “There is nobody” he would “rather run against.” President Trump responded to news that billionaire Little Mike Bloomberg is opening the door to a 2020 White House bid. President Trump predicted Friday […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA and S&P 500 notched record closing highs again Thursday, as President Trump continues to cheer as the market continues to charge higher into record territory. “Stock Markets (all three) hit another ALL TIME & HISTORIC HIGH yesterday! You are sooo lucky to have me as your President (just kidding!). […]
Thursday, China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade dispute, the Chinese commerce ministry said. The interim US-China trade deal is widely expected to include a U.S. pledge to scrap tariffs scheduled for 15 December on about $156-B worth of Chinese imports, including cell phones, […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX “Efforts to stimulate global economies are boosting equities in a way I have never seen before.”– Paul Tudor Jones Mr. Jones also said Tuesday that next year’s Presidential election “will be more meaningful than any in my lifetime.” Governments and central bankers from Japan to the US are taking steps […]
The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]
$GS The chances that the US economy skids into a recession are “not significant” near term as American households extend the expansion and trade tensions appear to be easing, the CEO of Goldman Sachs Group Inc (NYSE:GS) said in an interview. “I’ve said that I still think the chance of a U.S. recession between now […]
$DIA, $SPY, $QQQ, $RUTX, $VXX President Donald Trump again cheered as all 3 of the major Wall Street’s indexes posted record closing highs Monday, extending a recent run of gainers, on prospects of a US-China trade deal and an improving US economy. It was the 2nd consecutive session of closing records for the S&P 500 […]
United States must continue to “economically strangle” Iran, but also be prepared to take military action, along with allies in the Middle East and Israel, if its actions continue, former Senator Joe Lieberman said Monday, after Iran’s announcement that it is in violation of the international nuclear deal. “Nothing else will stop them,” Senator Lieberman said Monday […]
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 […]
Monday, Hulman & Company said it has agreed to sell the company and certain subsidiaries, including the Indianapolis Motor Speedway and NTT IndyCar Series to a subsidiary of Penske Corporation. Executives from Hulman & Company, which has owned the famed track since Y 1945, where the crown jewel of American open wheel racing is held […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 trades at 17.3X forward 12-month earnings. That is a small premium to the 5-year average of 16.6X according to FactSet. It is an acceptable premium in light of where interest rates are. And it is not as rich as where things were at the start of Y […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report is that it suggests future earnings news may be better than expected. 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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp +26.4% YTD S&P 500 +22.3% YTD Russell 2000 +17.9% YTD DJIA +17.2% YTD This Bull may be old but it is not tired. A Bull market that traces its lineage to the depths of the financial crisis has marked its 4th straight weekly gainer and pushing its gain […]
The White House is holding talks about a 2nd round of tax cuts to announce during the 2020 Presidential campaign, President Donald Trump’s top economic aide Larry Kudlow said Friday. “There’s nothing formal in the process, I don’t have any details,” Mr. Kudlow said in a TV interview. “But we would like to see some […]
$DIA, $SPY, $QQQ, $RURX, $VXX Investor money coming off of the sidelines as the DJIA rose 300.86 points, or 1.11%, to 27,347.09, the S&P 500 gained 29.36 points, or 0.97%, to 3,066.92 and the NAS Comp added 94.04 points, or 1.13%, to 8,386.40. The DJIA sits less than 12 points from a closing record. President Trump applauded […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 closed lower on trade concerns, but finished the month in the Green. Thursday, President Trump hammered the Fed and Chairman Powell in a Tweet, that despite interest rates dropping by another Quarter point. In a 2-part Tweet, President Trump argued that the Fed has placed the United States at a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new record high Strong hawkish signals from Fed Chairman Jerome Powell that he is, for now, finished cutting interest rates failed to incite terror in the Us stock market. Quite the opposite: the S&P 500 erased early losses and rose as much as 0.4% during the final […]
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 […]
For all the attention, invention and investment that the U.S. intelligence community devotes to spy satellites, communications intercepts, and new technologies such as artificial intelligence, the raid that killed ISIS Leader Abu Bakr al-Baghdadi was launched by the same old-fashioned tool that led to Osama bin Laden: human intelligence. After years of trying in vain to get a real-time […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new intraday and closing records DJIA +132.66 at 27090.72, NAS Comp +82.87 at 8325.99, S&P 500 +16.87 at 3039.42 Volume: Trade on the NYSE came at 777-M/shares exchanged The S&P 500 set new record highs Monday, increasing 0.6% as trade sentiment remained upbeat and investors reacted positively to corporate news. The NAS Comp (+1.0%) and […]
Expect China to push for lasting business environment improvement nation and worldwide on the coming resolution of the US trade dispute. More efforts should be made to promote a continuous improvement in China’s business environment nationwide, an official said Monday. Improving the business environment is an important guarantee for further opening up to the outside […]
$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 […]
$XAU, $XAG, $GLD, $SLV, $USD Gold prices climbed above the Key $1,500 mark Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal. The dismal durable goods number is helping boost gold prices as recession fears are again on the […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 lost 0.4% Tuesday in a newsy session. Company-specific news contributed to outsized stock moves, but overall gainers in broader market had been nominal until a hiccup on the BREXIT issue dragged the major indices into the Red. The benchmark index closed at session lows below the 3000 […]
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 […]
$SPY Equity indices in the Asia-Pacific region ended Tuesday on a higher note. Japan’s Nikkei Closed, Hong Kong’s Hang Seng +0.2%, China’s Shanghai Composite +0.5%, India’s Sensex -0.9%, SKorea’s Kospi +1.2%, Australia’s ASX All Ordinaries +0.3%. S&P 500 futures are up Tuesday, suggesting there is pace for the underlying gauge to extend gainers after it […]
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 […]
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 […]
“Whatever happened to Hunter? Where the hell is he?” President Trump asked his rally crowd. “Let’s do another T-shirt. Where’s Hunter?” Soon after the rally, President Trump’s 2020 campaign website started selling $25 T-shirts emblazoned with “Where’s Hunter?” Forcing him out of his low-profile stance on the brewing China-Ukraine scandal. President Trump has called on […]
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 […]
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 […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $ESDAY, $VXX Wednesday’s US economic data included the ADP Employment Change report for September and the weekly MBA Mortgage Applications Index. The takeaways are as follows: Private-sector payrolls were estimated to have increased by 135,000 in September (consensus 150-K) while the prior month’s print was revised down to 157-K from 195,000. Private-sector […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $USD, $USO, $GLD, $XAU, $VXX US stocks advanced for the 3rd Quarter running, as investors weighed the latest turns in the trade dispute between the world’s 2 largest economies. The USD rose and Treasuries moved higher. Tech drove the rise after The Trump Administration partially refuted a report it would target […]
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. […]
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 […]
Monday, The Trump Administration told UN member nations that there is no “international right” to abortion, and called on other countries to fight efforts promoting abortions, drawing criticism from reproductive rights groups and other world nations. “We do not support references to ambiguous terms and expressions such as ‘sexual and reproductive health and rights’ in […]
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 […]
Sunday, President Trump and Indian Prime Minister Narendra Modi shared a stage and showered each other with praise at a “Howdy, Modi!” rally attended by upward of 50,000 people, a rare mass showing for a foreign leader on American soil. President Trump called the huge gathering a “profoundly historic event,” was greeted with a standing […]
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, […]
President Trump is resday to significantly ramp up pressure on China if a trade deal is not agreed to soon, according to an outside adviser to the White House who called tariffs so far “low level.” In an interview in Hong Kong Thursday with the South China Morning Post, Michael Pillsbury said President Trump has been “remarkably restrained […]
Thursday, US Commerce Secretary Wilbur Ross said that trade uncertainty issues are giving China “real” structural problems, as the nation’s supply chains are starting to “hollow out.” “China is no longer really the cheapest place in the world to manufacture,” Secretary Ross said in a TV interview, adding the US does not know what China wants […]
$OIL Wednesday, President Trump said Wednesday there were many options short of war with Iran after US ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was “unquestionably sponsored” by Tehran. “There are many options. There’s the ultimate option and there are […]
$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 […]
US House Judiciary Chairman Jerry Nadler and other House Democrats are pushing for “imaginary impeachment” proceedings against President Trump that “nobody in America” wants, House Minority Leader Kevin McCarthy declared Tuesday. “There are no facts for it,” the California Republican said in a TV interview. “Here is Nadler who campaigned to become chairman on the […]
$DIA, $SPY, $QQQ, $RUTX, $$USO, $XAU, $GLD, $VXX S&P 500 closed higher in front of FOMC interest rate decision Wednesday 9 of the 11 S&P 500 sectors finished higher, led by the real estate (+1.4%), utilities (+0.9%), and materials (+0.7%) sectors. The energy (-1.5%) and industrials (-0.04%) sectors were the sectors to finish in the […]
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 […]
$SPY, $SPX The Fed is set to cut interest rates this week and may still not be done delivering monetary stimulus to the economy yet this year. Having already reduced their benchmark in July to 2.0%-2.25%, Chairman Powell and colleagues will pare another 25 bpts Wednesday to support the slowing economy, according to a survey […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX With US-China trade tensions having roiled financial markets, investors are counting on support for stocks coming from a Fed willing to keep cutting interest rates to help the US economy avoid a severe downturn. A 1/4th pt rate reduction is expected when the FOMC issues its next policy statement this […]
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 […]
$XAU, $GLD Gold steady ahead of ECB meeting Thursday and FOMC meeting next week Gold futures remarked Key $1,500 oz Wednesday, as traders weighed President Trump’s latest Tweet calling for the Fed to cut interest rates down to Zero, ahead of the FOMC’s meeting next week. Prices for the precious Yellow metal traded between modest […]
In a series of Tweets early Wednesday, President Trump wrote that “boneheads” at the Fed should lower interest rates to Zero or below so that the US could decrease its borrowing costs. As a property developer, President Trump is thinking about negative rates from the perspective of a borrower. But, the Fed’s lukewarm appetite for negative […]
$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 […]
Americans are commemorating 9/11 with mournful ceremonies, volunteering, appeals to “never forget” and rising attention to the terror attacks’ extended toll on responders. The commemoration of the 18th anni of the September 11 terror attacks will begin at the World Trade Center in New York with a moment of silence and tolling bells. Victims’ relatives, […]
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 […]
Tuesday, President Trump sacked John Bolton, his hawkish national security adviser with whom he had significant disagreements on Iran, Afghanistan and a number of other global challenges. “I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions, as did others […]
$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 […]
$FMCC, $FMNA Fannie Mae and Freddie Mac spiked on good news for investors. US Treasury Secretary Steven Mnuchin said he will soon reach a deal to allow the 2 mortgage giants to retain earnings and a legal victory that gave shareholders renewed hope of getting their hands on some of the companies billions of dollars […]
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. […]
