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Air Force One

Frontrunning: December 7

  • Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
  • Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
  • Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
  • Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
  • Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)
  • AT&T CEO: Time Warner Deal Would ‘Disrupt’ Cable TV Model (WSJ)
  • Americans Are Paying Apple Millions To Shelter Overseas Profits (BBG)

Trump Sold All His Stocks In June

Following today's tweet and follow up suggesting that Trump is now targeting Boeing's contract pricing practices, questions emerged whether the President-elect wasn't engaging in a conflict of interest due to his numerous, existing shareholdings. However, according to Trump spokesman Jason Miller, Donald Trump sold all of his stockholdings in June, removing himself from positions in numerous U.S. companies.

Boeing Responds To Trump

Boeing Responds To Trump

Update: Boeing has issued a statement following President-Elect Trump's tweet.

“We look forward to working with the US Air Force on subsequent phases of the program allowing us to deliver the best plane for the president at the best value for the American taxpayer,”  Boeing spokesman Todd Blecher says in e-mail.

 

Air Force Jet Crashes Moments After Flying Above President Obama

Air Force Jet Crashes Moments After Flying Above President Obama

President Obama had a close encounter today.

Shortly after the president delivered his commencement address at the Air Force Academy's graduation ceremony in Colorado, a Thunderbirds fighter jet crashed south of Colorado Springs just after the team had performed at the Air Force Academy’s graduation. The pilot safely ejected. According to the Denver Post, the crash happened minutes after the Thunderbirds’ F-16 jets flew over President Obama and others at the ceremony. Photos from the scene showed the white jet upright and seemingly intact in a field.

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