Ugly jobs data (hopefully transitory), uglier energy industry data, and ugliest comments from Trump on throwing away any fiscal restraint with the debt-ceiling bathwater left the dollar down, stocks lower, and bonds and bullion bid...
Denying yesterday's WSJ report that Trump has "fired" Gary Cohn from his future role as Fed chair due to his strong opposition to Trump's handling of the Charlotteville tragedy, Bloomberg reports that the White House is considering "at least a half-dozen candidates to be the next head of the Federal Reserve, including economists, executives with banking experience and other business people"
Moments ago the Senat passed the debt ceiling/government funding/hurricane aid deal, cobbled between Trump and the Democrats to howls of protest from the GOP, in an 80-17 vote.
As a result, the debt limit will be suspended until December 8 and and fund govt through Dec. 8; it also provides $15.25b in disaster funding for hurricane assistance. A vote in the House is expected tomorrow, where the bill will also pass: it will be interesting which Republicans vote against the Trump/Democratic proposal.
Having become best friends with top Congressional Democrats overnight, following yesterday's stunning reversal in which President Trump unexpectedly struck a deal with Schumer and Pelosi in which he effectively handed control over the DACA process to Democrats in exchange for a 3 month extension on the debt ceiling as well as avoiding a government shutdown, Trump is now finding that it is Republicans who are engaged in open warfare with the president, and as Axios reports, the leadership of the powerful Republican Study Committee has come out against President Trump's debt ceiling d
AAPL stock is sliding this afternoon as The Wall Street Journal reports the new iPhone is said to have seen "production glitches."