After yesterday's violent gap up in stocks across the globe in response to the "expected" outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up modestly.
Authored by George Friedman, Xander Snyder, and Chyenne Ligon via MauldinEconomics.com,
Nuclear bombs have a strange quality: They are a type of weapon that countries spend enormous sums of money to develop but don’t actually intend to use. While chemical weapons have been frequently used in war, no country has detonated a nuclear bomb since the end of World War II.
Just over a month ago we highlighted the comments of one recently deported Mexican nationalist who told Reuters that illegally immigrating to the U.S. was over, courtesy of the Trump administration, and that it was "Canada's turn" to welcome the world's immigrants with open arms.
"For those without documents, I think (the United States) is over. Now it's Canada's turn."
Speaking during a first of its kind meeting dedicated only to members of the U.S. conservative media, including Breitbart News, OANN and Daily Caller, President Trump told reporters to expect a 20% tariff on softwood lumber coming into Canada.
“We’re going to be putting a 20 per cent tax on softwood lumber coming in — tariff on softwood coming into the United States from Canada,” tweeted Charlie Spiering of Breitbart Media.
Trey Yingst of OANN tweeted that according to Trump “Canada has treated us very unfairly” and also threatened a tax on Canada’s dairy industry.
Two weeks after launching missile strikes on Syria, the U.S. Treasury announced it has sanctioned 271 employees of Syria's Scientific Studies and Research Center in response to the alleged sarin attack conducted by the Assad regime on Kahn Sheikhoun. It's one of the largest sanction actions in U.S. history.
The action was announced in a statement by the Treasury Department, and Treasury Security Steve Mnuchin simultaneously briefed reporters at the White House.