Politics

In JPM's initial market comment this morning, reacting to the news of Comey firing, the bank said that "as far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House." What JPM was referring to was the potential of substantial incremental delays now facing Trump's parallel reforms, healthcare on one hand and tax reform on the other.

The U.S. economy will fall short of the Trump administration's goal of 3 percent growth this year and will only achieve that when its regulatory, tax, trade and energy policies are fully in place, Commerce Secretary Wilbur Ross said on Tuesday.

The GDP target "is certainly not achievable this year," Ross told Reuters in an interview. "The Congress has been slow-walking everything. We don't even have half the people in place."

In a quite shocking rebuttal to the utter hypocrisy of Connecticut Senator Richard Blumenthal that was just exposed  - explaining how terrible Trump's decision was, how great Comey was, after writing an op-ed in February slamming Comey...

Here is Blumenthal in November:

While stepping back from demanding Comey’s resignation, as some Democrats have done, Blumenthal said Comey has a lot of explaining to do about his “cryptic” comments.

Update: Lavrov reacts to the Comey firing news... Shaking his head, he chirped sarcastically “Was he fired? Was he fired? You are kidding?!”

Lavrov reacts to the Comey firing news. “Was he fired? Was he fired? You are kidding?!” (Shakes head.) #ComeyFiring #russiagate #Tillerson pic.twitter.com/xOZ9GxchFP

— Barry Stock (@BusStationDrift) May 10, 2017

When Trump fired FBI Director James Comey on Tuesday evening, the stated reason in the letter submitted by the deputy Attorney General was Comey’s much-criticized handling of an investigation into Hillary Clinton’s use of a private email server while secretary of state.