Cut taxes for the wealthy or else, Treasury Secretary Steven Mnuchin is warning Congress: “There is no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done,” Mnuchin said in the interview. Show More Summary
One of the reason why the torrid dollar rally of the past few weeks appears to have plateaued, at least for the time being, is that just like earlier in the year, doubts have emerged about the viability of the "new and improved" taxShow More Summary
Evening Headlines Bloomberg: Here Are Five Tailwinds Set to Boost the Global Market Rally. (video) Financial markets are dancing again to the risk-on beat, with the latest upswing in global manufacturing the latest reason to boogie.Show More Summary
Over the last week, the major market indices are all up. If you've watched the mainstream financial media, you'd think this uptick were cause for celebration. You'd think the eight-year-old bull market is about to shift into anotherShow More Summary
Despite several reasons to be unnerved about the overall market, the week began with what we would call a “sigh of relief rally” as the weekend’s hurricane turned out to be not quite the Armageddon that was feared. Monday’s breakoutShow More Summary
For some strange reason, political consultant and longtime Trump confidant Roger Stone is holding a rally in Las Vegas to convince the president to pardon Cliven Bundy, his sons and their armed followers who occupied federal lands in two states. I will return to Las Vegas on Sept 15 to call on...
As Deutsche Bank warns in a note over the weekend, the S&P 500 is "long overdue for a pullback" for one simple reason: the BTFDers (and central banks) have overextended the current rally in the S&P 500 to the point where it is now one for the history books. Show More Summary
The five most read last month were... 1. On Labour's "Sexist" Industrial Strategy2. Five Reasons Why a New Centre Party is a Stupid Idea3. The Stupidity of Jeremy Hunt4. Rallies Work5. Silly Season Factionalism It's been another bracing...Show More Summary
The violence at a white nationalist rally over a Robert E. Lee statue in Charlottesville, Virginia, is giving school officials a new reason to reconsider whether it's appropriate for more than 100 schools to be named after Confederate generals and politicians from the Old South. Show More Summary
When North Korea backed off its plan to fire missiles toward Guam two weeks ago, President Trump praised Kim Jong-un for a “very wise and well reasoned decision.” At his now infamous rally in Phoenix last week, Trump suggested that his...Show More Summary
A controversial far-right rally scheduled to take place near the Golden Gate Bridge in San Francisco has been canceled, the event organizer said in a Facebook live video on Friday afternoon. The reason for the cancellation of the Saturday afternoon rally was not immediately clear. Joey Gibson,...
Public Policy Polling: The reason Trump hasn’t lost more ground for his widely panned response to the attack is probably that many of his supporters agree with some of the beliefs that led white supremacists to rally in Charlottesville in the first place. Show More Summary
A stunned Don Lemon on Tuesday reacted to Donald Trump’s “unhinged” rant during a campaign-style rally in Phoenix, Arizona, noting the president “lied directly the American people” and behaved “without thought, without reason, devoid of facts, devoid of wisdom.” “Well, what do you say to that?”...
Amid underwhelming protests, and in the absence of Republican Governor Doug Ducey, President Trump is set to hold a campaign-style rally in Phoenix tonight that may be must-watch for a number of reasons. As The Hill reports, Trump is...Show More Summary
Markets rallied off oversold conditions. Adding a 'fundamental' reason seems forced. The 'strength' du jour was stocks moving above the MA5 and closing above the open. XHB is above the YTD VWAP (top, middle). On the intermediate term, the MA5 (orange, top, right) is still falling but price stabilized on the 10 minute chart (bottom, right). Show More Summary
Last week Fox News reported that President Trump is considering pardoning his good xenophobic pal Sheriff Joe Arpaio. For some weird reason Trump flew to Arizona today host a Trump style rally for his adoring fans. Even Arizona Governor...Show More Summary
CNN’s Ana Navarro on Tuesday poured cold water on the notion that President Donald Trump was becoming more “presidential” after his scripted speech on the war in Afghanistan Monday night. The reason for this, Navarro said, is that Trump has in the past earned praise for delivering...
Suber told HuffPost the rally was organized for two reasons. “This is our solidarity with the people in Charlottesville, Virginia, as well as a notice to our local leaders that we want all statues dedicated to white supremacists taken down,” he said. Watch Suber speak during Saturday’s protest in New Orleans, below.
It would be an understatement to describe President Trump’s comments this past week in the aftermath of racist rallies and ensuing violence in Charlottesville as tone deaf. His initial response gave enough reason to shudder but on Thursday, in an all-too-familiar barrage of tweets, he sadly accented his already troubling response to a volatile situation […]
Studies show students in schools of choice have more respect for the rights of people they don't like. Tyler Kotesky writes: After last weekend's deadly 'Unite the Right' rally in Charlottesville, Virginia, school choice has taken some...Show More Summary