America

With a relentless barrage of corporate executives taking veiled, and not so veiled, shots at Trump's immigration policies, moments ago Starbuck's outgoing CEO Howard Schultz went one better, and in a letter to employees, the CEO announced plans to hire some 10,000 refugees in the 75 countries in which Starbucks does business, and furthermore added that “our Partner Resources team has been in direct contact” with employees affected by President Trump’s immigration ban."

Submitted by John Sulzer via The Mises Institute,

“They’re going to have to pay a border tax — a substantial border tax,” President Trump pledged Monday morning during a White House meeting with twelve CEOs including the heads of Dow Chemical, Proctor and Gamble, and Ford. He went on to make thinly veiled threats against the businessmen, saying, “All you have to do is stay. Don’t leave. Don’t fire your people in the United States.”

With 'sanctuary' cities across America furiously defiant over the new administration's threats to halt Obama's taxpayer-funded law-breaking, AP reports that President Trump is reviving a program that deputizes local officers to enforce federal immigration law.

The program received scant attention as Trump announced on the same day his plans to build a border wall and hire thousands more federal agents as he looks to fulfill promises from his campaign.

 

In light of the only thing that matters for markets (that would be Donald Trump for those who have slept through the past three months), here are some salient thoughts from the latest weekend notes by One River Asset Management's Eric Peters, whose uncanny ability to put a unique spin on events in third person continues to impress.

Shortly after Senators McCain and Graham issued their "joint statement on President Trump's Executive Order on immigration"...

U.S. Senators John McCain (R-AZ) and Lindsey Graham (R-SC) released the following statement today on the President’s executive order on immigration:

 

 

“Our government has a responsibility to defend our borders, but we must do so in a way that makes us safer and upholds all that is decent and exceptional about our nation.