Politics

While Wall Street appears to have ignored the latest political spat within the Republican party over the weekend, in which Donald Trump lashed out at outgoing Senator Bob Corker, while the latter compared the White House to "daycare for adults", and later warned Trump may launch World War III, this particular feud involving the president may last longer than just the usual 24-hour news cycle, and could have dire consequences for the market, which in recent days has repriced a more than 60% probability (according to Goldman) that Trump's tax reform will pass.

Four days after the NRA revealed its tentative support for a ban on “bump stocks” – a product that nobody had heard of until last week when Las Vegas shooter Stephen Paddock used them to convert semi-automatic rifles to fully auto – California Senator and vocal gun-control advocate Dianne Feinstein made a stunning admission on CBS’s “Face the Nation” when she said that "no law would’ve prevented Paddock" from carrying out his deadly plan.

Authored by Soeren Kern via The Gatestone Institute,

Authored by Cyril Widdershoven via OilPrice.com,

The geopolitical reality in the Middle East is changing dramatically.

The impact of the Arab Spring, the retraction of the U.S. military, and diminishing economic influence on the Arab world - as displayed during the Obama Administration - are facts.

On Sunday night, the White House revealed that it is seeking more funds from Congress to fund Trump's wall along the U.S.-Mexico border, more resources to hire thousands more immigration officers, cutting the number of new legal immigrants and generally demanding a steep price for legislation under consideration to help so-called Dreamers.