Club for Growth founder and former-Trump campaign adviser Stephen Moore says his harsh criticism of the Fed for raising interest rates was ‘spot-on’. In an in interview Monday with The Wall Street Journal, Mr. Moore, President Trump’s pick for a Federal Reserve Board seat, said the central banks’ recent policy pivot proves he was right. Mr. Moore had […]
$USO, $OIL, $BP White House economic adviser Larry Kudlow said President Trump recently warned Big Oil officials that they had better hope he wins re-election as the Democrats wage a war against fossil fuels. Mr. Kudlow said that the exchange came as President Trump recently held a closed-door meeting with top business executives at the […]
Monday, President Trump signed a proclamation at the start of a meeting with Israeli Prime Minister Benjamin Netanyahu saying the United States recognizes Israeli sovereignty over the Golan Heights, territory that Israel seized from Syria in the 1967 Middle East war. The proclomation formalized President Trump’s statement on 21 March saying it was time for […]
FLASH: “We can never let this happen to another President again.” Early Monday the gloves came off as President Trump lashed out at The Swamp enemies, accusing them of evil actions and treason, a day after our Attorney General released a summary of Special Counsel Robert Mueller’s findings clearing the president’s campaign of conspiring with […]
$OIL, $USO Saudi Arabia’s budget needs are causing Saudi Arabia to push for Crude Oil prices of at least $70 bbl this year, industry sources say, even though US Shale Oil producers could benefit and Riyadh’s share of global markets might be further eroded. Riyadh, OPEC’s de facto leader, said it was steeply cutting exports […]
FLASH: The plethora of Dem 2020 Presidential candidates are starting undermine each other Senator Kamala Harris, 54 anni, (D-CA) sent a poison arrow to the old guard of Democratic politics that every era has its end. At an Atlanta church service Sunday, the Presidential candidate compared leadership to a relay race in which each generation […]
Sunday, USAG Bill Barr released a summary of Special Counsel Robert Mueller’s report on alleged collusion between the 2016 Trump presidential campaign and the Russian government. The long and the short of it: there was none. Here’s the full text of Barr’s letter (via Legal Insurrection). At the Bottom line: “The Special Counsel’s investigation did not find that […]
FLASH: Senator Lindsey Graham delivered loyalty and laughs in a light-hearted, GOP fundraiser speech Friday at Mar-a-Lago “If Lindsey’s speaking, I want to come down here for 2 reasons,” President Trump said. “No. 1: He’s a great speaker; and No. 2, I know if I am here, he is not going to say anything bad […]
FLASH: The EU is next, as The Trump Administration prepares tariffs on Germany’s auto industry, a 25% tariff already is in place on light trucks President Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some […]
FLASH: Special Counsel Robert Mueller has handed in his report on on the investigation into Russia’s role in the 2016 Presidential election and any potential wrongdoing by President Trump. No further incitements coming. SC Mueller submitted the report to US Attorney General William Barr, the Top US law enforcement official. The report was not immediately […]
President Trump Friday did not yet reverse NKorea-related sanctions on 2 Chinese shipping companies, a Trump Administration source familiar with the matter said. The source was responding to queries about a tweet sent by Trump earlier in the day that said he had ordered the withdrawal of sanctions announced by the Treasury Department, a statement […]
FLASH: The world’s economy is slowing, but the United States’ is not despite Federal Reserve policies that have hindered growth, President Trump says. “If we did not have somebody that would raise interest rates and do quantitative tightening, we would have been at over 4% instead of at 3.1,” Trump said in a TV interview. […]
$BF-B American whiskey exports slumped in 2-H of Y 2018, taking a blow from higher duties by the country’s trading partners following President Trump’s tariffs an industry group said on Thursday. Canada, China, Mexico and the EU placed import duties ranging from 10% to 25% on whiskey/bourbon last year, resulting in a 11% fall in […]
$SPWR FLASH: Do not expect the renewable energy firms to endorse AOC socialist Green New Deal US solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic Presidential candidates to end U.S. fossil fuel consumption within a decade. But do not expect […]
FLASH: Ukrainian Prosecutor General Yuriy Lutsenko announced he has opened a probe into alleged efforts by a Ukrainian to interfere with the 2016 Presidential elections on behalf of Hillary Clinton. “Today we will launch a criminal investigation about this and we will give legal assessment of this information,” he declared The investigation centers on a […]
US economic growth averaging 2.8% reached under President Trump’s policies can be sustained over the next 10 years, Chairman of the White House Council of Economic Advisers Kevin Hassett Wednesday. “What happened is we went from 1% growth, the new normal that would be disappointing forever, to 3% growth over the last 2 years with […]
President Trump said Wednesday he does not mind if the public is allowed to see the report that Special Counsel Robert Mueller is preparing about his investigation of Russian meddling in the 2016 Presidential Election and any possible links to the Trump campaign. “Let it come out,” President Trump told reporters at the White House […]
$BA FLASH: Investigators looking to uncover the causes must answer 1 of the biggest Qs: Was the plane’s software to blame? WHAT WE KNOW – Europe and Canada said they would independently certify the safety of the jets, further complicating plans to get the aircraft flying. – Boeing has stopped delivery of all new MAX […]
$JPM JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon mow admits that President Trump’s strategy of imposing economic tariffs may just be paying off. “As a negotiating strategy, it might’ve worked,” Mr. Dimon said on TV. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to travel to China next week for another round of […]
Monday, it was reported that least 1 person is missing after devastating floods across the US Midwest that killed 3 others and inflicted hundreds of millions of dollars in damage in what Nebraska’s Governor called a disaster of historic proportions. As floodwaters began to recede in much of the area inundated by the aftermath of […]
Monday, acting Pentagon Chief Patrick Shanahan said he had provided Congress with a list of projects from the military construction budget that could be cut back in order to help pay for a Wall on the border with Mexico. Last month President Trump declared a national emergency in a bid to fund his promised wall […]
First Lady Melania Trump will host a White House meeting this week to review youth programs at various government departments and agencies. The First Lady’s office says she will lead Monday’s discussion at a meeting of the Interagency Working Group on Youth Programs. The goal is to build upon and improve youth programs that align […]
$USD White House economic adviser Larry Kudlow rejects criticism that the US economy is only growing because of a “sugar high” from The Trump Administration’s tax reform. He predicted that President Trump’s “pro-growth policies on taxes and regulation” will continue to stoke growth far into the future. Some economists contended that the economy is losing […]
Over a 50% of American voters agree with President Trump’s long-shared condemnation of special counsel Robert Mueller’s investigation as a political witch hunt, according to the latest USA Today/Suffolk University Poll on Monday. A total of 503 registered voters among 1,000 polled (50.3%) replied “Yes” to the survey question: “President Trump has called the special counsel’s investigation a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: President Trump said the US will probably know, 1 way or another, in “the next 3 or 4 weeks” about a possible trade deal with China, as S&P 500 marked a fresh closing high Friday. “If that gets done, it will be something that people will be talking about […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]
FLASH: Talks of Summit flourish in Washington and Beijing President Trump and Treasury Secretary Steven Mnuchin said on Thursday that discussions with China to end a months-long trade dispute are progressing quickly. Washington and Beijing have been locked in a tariff battle as US officials press China for an end to practices and policies it […]
FLASH: UK Parliament voted Thursday to seek a delay of the country’s departure from the European Union, a move that will likely avert a chaotic withdrawal on the scheduled exit date of March 29. With Brexit due in 15 days and no divorce deal yet approved, the House of Commons voted 412-202 to ask the […]
FLASH: President Trump says his administration “looks forward to negotiating a large scale Trade Deal with the United Kingdom” as the country continues to try to hash out its departure from the European Union. Thursday, President Trump said that he is “surprised at how badly” negotiations have gone between the United Kingdom and the European […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Off, Crude Oil Higher, Stocks Flat Notes: The United States aims to cut Iran’s Crude exports by about 20% to below 1-M BPD from May by requiring importing countries to reduce purchases to avoid US sanctions, 2 sources familiar with the matter told Reuters. Both sources said they were […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 Breaks Above 2800, and President Trump Grounds Boeing’s 737 Max 8 Aircraft S&P 500 broke above the 2800 mark, and all 11 sectors finished in the Green Weakening USD was an area of support for the broader market and the earnings prospects for multinational companies President Trump […]
FLASH: “I’m in no rush. I want the deal to be right. … I am not in a rush whatsoever. It’s got to be the right deal. It’s got to be a good deal for us and if it’s not, we’re not going to make that deal.” President Trump said Wednesday he is in no […]
President Trump accused “the fake news” of photo-shopping images of First Lady Melania Trump and pushing conspiracy theories it was not her by his side while touring tornado-ravaged Alabama. His comments came in a Wednesday Tweet: “The Fake News photoshopped pictures of Melania, then propelled conspiracy theories that it’s actually not her by my side in […]
$BA FLASH: Boeing’s (NYSE:BA) 737 Max fleet to be grounded effective immediately until further notice. The FAA is expected to announce further details soon. President Donald has issued an emergency order grounding all Boeing 737 Max 8 and Max 9 aircraft in the wake of a crash of an Ethiopian Airliner that killed 157 people. […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Off, Crude Oil Higher, Stocks Down Notes: Gold scaled a near 2-week high Wednesday, after reclaiming the Key $1,300 mark in the prior session, as investors opted for the safe-haven precious Yellow metal after British lawmakers rejected an amended exit deal, while a weaker uSD lent further support. Washington could […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Small businesses see bright future ahead Most S&P 500 sectors finish with gains Softening Consumer Price Index for February reinforced notion Fed will be patient US Treasury yields even lower Optimism among small companies in the US improved in February, snapping a 5-month losing streak that was the longest […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it. Washington could lift most or all of its tariffs on […]
The global economy’s softened throughout Y 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago. A new GDP tracker puts world growth at 2.1% on a Q-Q annualized basis, down from about 4% in the middle of last year. While there is a chance that the economy […]
UPDATE: Secretary of State Mike Pompeo Says Chairman Kim Told Him Several Times that He will Denuclearize US Secretary of State Michael Pompeo said NKorea’s Chairman Kim Jong Un has promised to eliminate his nuclear weapons program on at least 6 occasions and that now “we need to figure out how to do it.” “The […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: Fed Chairman Powell said Friday that the central bank will be careful not to shock financial markets as it stabilizes its bond portfolio, saying that it does not see problems in the US economy that warrant an immediate change in its policy. Washington […]
FLASH: Reports from commercial satellite images reveal that NKorea is rebuilding nuclear weapons testing site. President Trump’s NSA John Bolton knows the score, knows the mistakes of prior administrations with NKorea, is working to make real progress, and finally, the leverage is on our side right now. “The President has been very clear he is […]
FLASH: President Trump Tweeted Sunday: The media is “hostile and corrupt” because it is failing to recognize the accomplishments of his Administration. President Trump’s Top economic adviser Larry Kudlow said Sunday trade negotiations between the United States and China are making “great progress.” In a TV interview Sunday, Mr Kudlow, the director of the National […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Fed stifling The Trump Economy The anti-Trump media is pointing to the economic slowdown, but economist Stephen Moore puts the blame on the Fed’s economist policy during our blockbuster Trump economy. “I’m a little worried about the economy slowing down a little bit, but we still have a blockbuster […]
FLASH: President Trump’s tariffs slows China growth engine China’s exports fell the most in 3 years in February, while imports fell for a 3rd month running, pointing to a further slowdown in the economy and a trade recession despite a PBoC”s support measures. The shockingly weak readings from the world’s largest trading nation added to […]
FLASH: President Trump’s top economic adviser offered sharp criticism of the European Central Bank’s (ECB) revival of stimulus measures to spur the EU’s economy. National Economic Council Director Larry Kudlow said that a ECB decision Thursday to extend a new round of cheap loans to the banking system wouldn’t be enough to fix the continent’s […]
The White House’s Top economic adviser Larry Kudlow said Friday that President Trump and Chinese President Xi could meet on trade later this month or early next month. “Nothing in cement, but there’s a lot of talk about a meeting, yet.” President Trump Friday said he is confident the United States can forge a trade […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Falling, Stocks Up Notes: Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!” US jobs report […]
$USD The Fed’s Beige Book was released Wednesday showing the US economy continues to be performing strongly. Manufacturing was stronger, employment remains strong across the economy, but bad weather and bad politics have taken their toll. On the latter, 50% of the reporting areas said that the government partial shutdown had been hurting local growth. […]
President Trump’s administration is working on a plan to “financially strangle the Cuban regime” for supporting Venezuelan President Nicolas Maduro. “We are fully willing to keep it up financially,” said a senior Trump Administration official when asked how the United States plans to pressure Cuba. “They are going to have to reconsider.” The Trump Administration […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull Market is about to have its 10th Birthday! US household wealth fell 3.5% into the close of Y 2018 on the back of a Fed engineered stock market correction in Q-4 that threatened to weaken a near 10 year recovery. In its Quarterly Flow of Funds report, the […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans. Washington could lift most or all […]
FLASH: Trade talks with China could collapse if a deal cannot be reached on enforcement of these “structural” issues. President Trump said on Wednesday that trade talks with China were moving along well and predicted either a “good deal” or no deal between the world’s 2 largest economies. Washington and Beijing have been in intense […]
The Big Q: What does Ivanka Trump do? The Big A: This is what she is doing. She is working on behalf of The Trump Administration to to empower women around the world, and especially in developing countries, is an urgent priority that goes well beyond social justice. Ample research has demonstrated and, in several […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The Big A for our readers that ask What does Ivanka Trump do? But 1st The S&P 500 lost 0.7% Wednesday, pulling back for the 3rd session running on profit taking in shares of energy, healthcare, and semiconductor companies leading the retreat. The economic data, as follows: The ADP […]
Wednesday, White House economic adviser Larry Kudlow says there’s “hope” that President Trump and Chinese President Xi will meet soon to finalize an agreement officials are optimistic a trade deal will be forged soon. “I don’t want to go into a timeline. There is hope that perhaps by the end of this month or early […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: US Secretary of State Mike Pompeo said Monday he thought the United States and China were “on the cusp” of a deal to end their trade dispute, but President Trump will reject any deal that is not perfect. The WS-J reported Washington could lift […]
FLASH: Americans’ approval of President Trump’s handling of the economy is at the highest point of his presidency, hitting 56% in a recent Gallup poll. President Trump’s rating for handling the economy also is the highest of his approval ratings on any of 14 domestic and foreign issues tested in the latest Gallup poll. Americans’ approval […]
Monday, President Trump setup to open a new front in his trade wars with a plan to end preferential trade treatment for India that allows duty-free entry for $5.6-B worth of the country’s exports to the United States. “I am taking this step because, after intensive engagement between the United States and the government of […]
FLASH: That eliminates Bernie Sanders and Joe Biden Americans are least favorable toward a Presidential candidate who is a socialist or older than 75, according to an NBC/Wall Street Journal poll that said President Donald Trump’s approval rating ticked up in the past month. Only 25% of respondents ranked “socialist” as a desirable trait for […]
FLASH: Larry Kudlow: ‘The Green New Deal Will Literally Destroy the Economy” White House economic adviser Larry Kudlow warns that Democrats proposing to overturn The Trump Administration’s success by offering socialist policies will derail economic growth. “I do notwant us to stand idly. I don’t want to let this stuff fester. I want it challenged, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: “Machines are only as smart as their human programmers” Hedge fund investors learned that the hard way last year when data-crunching computers that invest $220-B based on historical price trends did worse than most human managers. The losses were so bad that investors pulled billions of dollars out of […]
President Donald Trump is “ready to keep talking” to NKorea despite the abrupt end of the 2nd summit in Hanoi NAS John Bolton said. In a TV interview aired Sunday Mr. Bolton said President Trump “remains optimistic.” about a deal that will lead to denuclearization. NKorea’s leader “Kim Jong Un himself said in our last […]
$USD FLASH: President Trump, “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.” Saturday, President Trump renewed criticism of the Fed and said its tight monetary policy contributes to a […]
President Trump has told an appreciative audience of conservatives that he will win re-election in 2020 and by a bigger margin than his Y 2016 victory. He’s reminded the audience of his outsider campaign that overcame long odds and a crowded field of established politicians to claim the White House over Democrat Hillary Clinton. When […]
FLASH: The US Trade Representative’s office delayed a scheduled hike in tariffs on Chinese goods from 10 to 25% Friday, ahead of the official publication notice this coming Tuesday. Saturday, China said that it welcomed the release of language from the United State Trade Representative’s office (USTR) delaying a scheduled hike in US tariffs on $200-B worth of Chinese goods. In a […]
FLASH: Calling for “fair, balanced, and reciprocal trade with the UK” and “state of the art rules” to achieve it, the US Trade Representative has published an 18-page document of negotiating objectives for the forthcoming UK-U.S. trade deal both nations hope to strike if Britain finally leaves the EU. The new document, from President Trump’s Trade […]
FLASH: Inflation expectations fell to a 50 year lows in February, according to the University of Michigan’s Survey of Consumers (MSI). Overall consumer sentiment bounced back in February following the end of the Federal government shutdown, although the rebound was smaller than economists anticipated. The survey produced a reading of 93.8 for final February, up 2.6 points […]
FLASH: Harvard/Harris Poll: 3-in-4 Voters Favor ‘America First’ on Immigration, Trade, and Trump Foreign Policy About 3-in-4 American voters favor a populist-nationalist “America First” legal immigration, trade, and foreign policy platform from candidates running for office that prioritizes protecting the way of life and economic security of United States citizens above all else. The latest Harvard/Harris Poll finds […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
FLASH: “I am always prepared to walk!” President Trump Thursday warned he could walk away from a trade deal with China if it were not good enough, even as his economic advisers touted “fantastic” progress towards an agreement to end a dispute with the Asian country. The United States has imposed tariffs on hundreds of […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: President Trump wrapped up in Hanoi for 2nd Summit with Chairman Kim, President Trump and Secretary of State Mike Pompeo are optimistic on the progress mate. US and China have a deal in the works.President Trump extends deadline and sets up Summit with President Xi at Mar a Lago. In Asia Gold: Gold prices Thursday held near 2-week lows touched in the prior […]
FLASH: Members of the media should read President Trump’s “Art of the Deal” to understand President Trump’s decision to end negotiations with NKorean Chairman Kim Jong Un The Big Q: What does he say in that book? The Big A: If you want to be a great businessperson, up to the last sec in any deal, you […]
FLASH: Kim Jong Un Faces New Pressure at Home After Trump Summit Shock He faces a long train ride home through China to think about what went wrong. President Trump says Vietnam, the site of his 2nd round of nuclear talks with Chairman Kim, is thriving economically and that NKorea could, too, if it would […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Soft, Crude Oil Up, Stocks Higher Notes: Market focus on Fed Chairman Powell’s testimony in front of the House of representatives Wednesday. Will be the same as to the Senate. The Fed’s policy statements grew so complicated after the Great Recession that standard gauges of readability suggested people needed 4 years of university […]
FLASH: President Trump said he is fully committed to his personal diplomacy with Chairman Kim. US President Trump and NKorean leader Kim Jong Un meet Wednesday for their 2nd Summit, betting that their personal relationship can break a stalemate over the North’s nuclear weapons and end more than 70 years of hostility. Despite little know […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Flat, Crude Oil Lower, Stocks Lower Notes: Market focus on Fed Chairman Powell’s testimony in front of Congress US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi at Mar a Lago. President Trump in Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold seeing profit taking in here. Spot gold lost 0.1% to $1,326.36 oz US gold […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 advanced as much as 0.8% Monday after President Trump said he will extend the 1 March trade deadline, as negotiations with China have progressed favorably. The benchmark index retreated throughout the session as it tapped up against some mild overhead resistance, but finishing higher by 0.1% above […]
President Trump has indicated to his outside legal team that his lawyers should plan to stay on after special counsel Robert Mueller submits his report. President Trump reportedly told his lawyers Rudy Giuliani and Jay Sekulow that his legal team should plan on sticking around after SC Robert Mueller finishes his investigation. President Trump has […]
FLASH: World Stock Markets Up Across the Board Early Monday, President Trump said he is optimistic that a final trade deal could be reached with China and that he would hold a Summit to sign any pact, but cautioned an agreement may still not happen. Speaking at the White House a day after signaling that […]
By Daniel Greenfield The Big Q: Why did the media fall so swiftly for the Jussie Smollett hoax right after falling for the Covington Catholic hoax? The Big As :The easy answer is bias. And that might have even been the right answer a generation ago. but these days the media is not biased, it […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Higher Notes: US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi at Mar a Lago. President Trump on the way to Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold prices rose Monday as USD fell Vs the RMB Yuan after President Trump said he would delay an increase […]
$SOY, $USD, $CNY FLASH: “…productive talks, I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for US & China!” The US and Chinese […]
FLASH: Interim President Juan Guaido refrained from asking supporters to continue risking their lives trying to break through the government’s barricades at the Colombian and Brazilian borders. He will meet US VP Mike Pence Monday in Bogota at an emergency meeting of mostly conservative Latin American governments to discuss Venezuela’s crisis. President Guaido says he […]
Americans in 17 states gave President Trump approval ratings of 50 percent or higher for 2018, with people in 16 other states rating him at below 40 percent, according to a new Gallup Poll released Friday. President Trump gained the most approval in states in the South and Mountain West and the least approval in New England […]
When the Fed’s FOMC policymakers met last month and put it 3-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4-T balance sheet, that was draining the liquidity out of the system and shrinking the wealth of American house holds by the trillions of dollars, they cited increased risks to […]
The Trump Administration is ordering 1,000 more active-duty troops to the US-Mexico border to add barbed wire to the border Wall. That would make the total number of troops at the border 6,000 by 1 March, with 140 more miles of Concertina wire added, Defense Department officials were quoted as saying. “That mission has evolved,” […]
Friday, the Fed said, that The Trump Administration will fall “a little under” its target of 3% annual GDP for Y 2018, the report offers an economic scorecard of sorts for the 1st full year of President Trump’s term. Growth for the year was “solid,” the Fed report said, as GDP “rose a little bit under 3% for the […]
By Linda Goudsmit The Riddle: What climate does climate change change? The Answer: The political climate of course. Let me explain. Pollution and climate change are two separate issues. Environmental pollution is a man-made problem that humans can and should remedy. Taking responsibility for our behavior is a necessary part of civilized life and eliminating […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: 9 of the 11 S&P 500 sectors finished higher with information technology (+1.3%), communication services (+1.1%), and healthcare (+0.9%) leading the advance. On the other hand, the financials (-0.2%) and consumer staples (-0.3%) sectors finished in the Red. Today, Americans’ views of the US economy and optimism about its […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Dip Notes: Trade talks dominate headlines, the US and China have a deal in the works, as President Trump meeting China’s chief negotiator Vice Premier Liu Friday in Washington, DC. Growth in China’s new home prices fell to a 9-month low in January as broader economic weakness increasingly weighs […]
At SKorea’s northernmost train station, the tracks stop abruptly ahead of the demilitarized zone that marks the NKorean border. A sign reads: “The steel horse wants to run.” That may soon become a reality as US President Trump and NKorea’s Chairman Kim Jong Un prepare for a @nd summit next week in Vietnam. The outcome […]
$SOY, $CORN, $WEAT, $CNY President Trump plans to meet with China’s Top trade negotiator Friday afternoon as the US forges a preliminary deal before tariffs on some Chinese imports more than 2X next month. The meeting with Chinese Vice Premier Liu would cap the latest round of talks in Washington, with Trade Representative Robert Lighthizer […]
FLASH: The Trump Policy at Work for Americans The Key takeaways from the FOMC Minutes from the 29-30 January meeting, as follows: There was widespread agreement for the FOMC to end shrinkage of the $4-T balance sheet by the end of the year. The timetable ends uncertainty over whether shedding assets would further tighten financial conditions. The […]
FLASH: Donald J. Trump 3-2 Favorite to win in 2020 President Donald Trump is a 3-2 favorite to win the 2020 Presidential election, with his odds unchanged following Senator Bernie Sanders’ (I:VT) official bid announcement, says sportsbook brand manager Dave Mason of BetOnline.ag. “There were no changes to Sanders’ odds following the announcement,” Mr. Mason said. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: FOMC Mins as expected; Fed will maintain patience in rate hikes and stop reducing assets on its balance sheet later this year. The Takeaway The FOMC Minutes said the central bank is going to be patient in raising rates and is likely to stop reducing the assets on its […]
US President Trump’s declaration of a national emergency to circumvent Congress and spend billions of dollars for a border wall is the latest example of him relishing using the power of the Presidency to do whatever he can without Congress. This was made even clearer by a revelation from a senior White House official that shortly […]
Monday, President Trump signaled that socialism is on its way out and a “new day” is being ushered in for Venezuela and other Latin American countries. President Trump and First Lady Melania Trump addressed Venezuelans at Florida International University in Miami and discussed the growing crisis in the South American country. “We are here to proclaim a […]
$DIA, $SPY, $QQQ, $RUTX, $BAC, $VXX US are stocks rallying this year on signs of progress in US-S trade talks as managed and sidelined money continues to bet that there is not much upside left when President Trump’s deal is reached. That is wrong Heffx-LTN’s corporate earnings and equity valuations model as of Saturday indicates […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The Pain Trade continues, on broad-based advance that had all 11 S&P 500 sectors finished higher on the day. Almost 80% of S&P 500 companies having reported Q-4 earnings so far. Analysts now see a profit increase of 16.2% for the Quarter, according to Refinitiv data. President Trump’s policies […]
FLASH: The Fed has the stock market’s back White House economic adviser Larry Kudlow applauded President Trump’s public pressure on the Fed on the pace of the central bank’s interest-rate hikes. “I’m very glad the Federal Reserve is putting their rates on hold,” he said on TV Thursday, “I think the president’s warning on that […]