Defense Secretary Jim Mattis is in Iraq saying the US military is not there to seize anybody’s oil
AP News has apparently heard of a memo circulating around the Dept of Homeland Security saying that Trump’s administration is looking at utilising the National Guard to herd up any illegal immigrants.
The memo in question details;
There’s been plenty of recent comparisons between Trump and Hitler doing the rounds and this story won’t do anything to quieten that noise.
Seriously? The stock market has been living on the Fed’s easy money like a babe to a tit. Remove the tit and what do you get?
If his tax plans don’t meet expectations, the stock market will tank.
His latest tweet says;
“Crimea was TAKEN by Russia during the Obama administration. Was Obama too soft on Russia”
Giving it to the “fake news” media once again.
We know the Donald can move markets with a single word or line and today good be big one for Canadian/US markets, including the currency USD/CAD, as Trump meets Candian PM Trudeau.
Let’s hope he has a better meet n greet with these leaders than he did with Japan’s Shinzo Abe.
The New York Times posted a story after Trump’s phone conversation with the Chinese Premier Xi and in it they referred to the fact that previously, Trump had not spoken to Xi since Nov 14th. Trump hasn’t read it properly and tweeted that the NYT is doing fake news, citing that he spoke to Xi yesterday.
This is rank amateur stuff from the president of the USA.
All times ET (courtesy of the White House Dossier)
9:00 am Recieves his daily intelligence briefing
9:30 am Tapes the weekly address; Diplomatic Room
10:00 am Meets with Sen. Mitch McConnelll
12.00 pm Meets with Japanese Prime Minister Abe
1:00 Holds a joint press conference with Abe; East Room
1:35 pm Has a working lunch with Abe; State Dining Room
3:00 pm Departs White House
5:45 pm Arrives West Palm Beach, Florida
8:00 pm Has dinner with First Lady Melania Trump, Japanese Prime Minister Shinzō Abe, and Mrs. Abe
During a meeting with airline officials Trump spoke about taxes.
“TRUMP TO ANNOUNCE “SOMETHING” ON TAXES IN 2-3 WEEKS”
…cried the news wires. Markets then went potty.
The currency pair USDJPY (a proxy for the US economy) jumped nearly 100 points from 112.25 to 113.20. US government bonds jumped in yields (another proxy for a bullish view of the economy), US stock markets hit new record highs.
Any leader talking tax cuts gets financial markets in a tizzy. One line from Trump and the financial world now expects boom times for the US economy.
How wrong might they be?
What was lost among the headlines was another comment on taxes, this time referring directly to the airline industry:
“I don’t like aviation fees and taxes” said Trump
That’s hardly a screaming message that tax regimes across America are soon to be targeted by Trump. The original comment might also have just been in the context of talking about airlines.
Anyway, taxes are on Trump’s agenda but he’ll need to do more than put his name on an executive order. This is one big area that Congress will be very much involved in.
I guess we’ll have to wait “2-3 weeks” to find out 😉