Authored by Patrick Buchanan via Buchanan.org,
The big losers of the Russian hacking scandal may yet be those who invested all their capital in a script that turned out to based on a fairy tale.
In Monday’s Intelligence Committee hearings, James Comey did confirm that his FBI has found nothing to support President Trump’s tweet that President Obama ordered him wiretapped. Not unexpected, but undeniably an embarrassment for the tweeter-in-chief.
One day after the Trump administration imposed restriction on carry-on electronic devices on planes coming to the United States from 10 airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified terrorism threats, moments ago the UK issued a similar ban, restricting the use of carry on laptops and tablets for inbound flights for flights originating in the following middle-eastern nations: Turkey, Lebanon, Jordan, Egypt, Tunisia, and surprisingly, Saudi Arabia.
With political uncertainty near record highs (but equity market uncertainty near record lows), Goldman's Jan Hatzius analyzes the four biggest political risks receiving the most attention from market participants (and stand to create the most chaos if the priced for perfection market is disappointed).
Via Goldman Sachs,
Q: What are the near-term risks on the agenda in Washington?
There are four risks we are monitoring that have recently received some attention from market participants:
After a full day allotted for "opening statements" yesterday, Neil Gorsuch once again takes the stand before the Senate Judiciary Committee today but this time he'll actually be entertaining questions rather than sitting in awkward silence as Democrats takes potshots at his professional career. Grab your popcorn because today's festivities are scheduled for 10 hours of mind-numbing fun.
With just two days left until the House is set to vote this Thursday on the critical Obamacare repeal bill, where an adverse vote could lead to the biggest blow to Trump's domestic policy agenda yet, House Republican leaders on Monday night released the latest set of changes to their ObamaCare replacement bill, as they scrambled to win more votes for the legislation.