WHITE HOUSE WATCH: MILLIONS FACE MONDAY WITHOUT JOBS, RELATIVES, FRIENDS
–Congress Hits a Speed Bump on the Way to Spending Nearly $2 Trillion By Denny Gulino WASHINGTON (MaceNews) – As U.S. cases of the corona virus now double every two and a half days, more than 84 million Americans are spending a bleak Sunday night facing a week ahead – and maybe months beyond either […]
WHITE HOUSE WATCH: VIRUS STILL OUTRACING US EFFORTS TO MEASURE, CONTAIN, COMPENSATE
–Tax Filing Deadline Moved to July 15; Mexico Border Sealed By Denny Gulino WASHINGTON (MaceNews} – The furious governmental efforts at all levels to cope with the increasing spread of the corona virus as a disease and as a crippler of the economy Friday did not seem to be keeping up with the steepening curve […]
WHITE HOUSE WATCH: ‘WAR-TIME’ PRESIDENT TAKES CONTROL OF FACTORIES
–Congress the Focus As Virus Aid Measure Proposals Balloon –‘Depression’ New Watchword As Deterioration Deepens -HUD, Fannie/Freddie Suspend Foreclosures/Evictions for 60 Days By Denny Gulino WASHINGTON (MaceNews) – What seemed premature and too extreme one day turns into corona virus response moves that appear to be too late the next day, and Congress grappled Wednesday […]
WHITE HOUSE WATCH: GOVT MOBILIZING AS PRESIDENT TRIES BIPARTISANSHIP
–Army Corps Of Engineers Ready; IRS Tax Payments Postponed; Checks To Come –DJIA +5.25/+1048.86; S&P +6%/+243.06; Nasdaq +6.23%/+6.2%; 10-Yr 1.079% By Denny Gulino WASHINGTON (MaceNews) – The mobilization of federal government resources to fight the spread of the corona virus appeared to take giant strides Tuesday and an increasingly focused President Trump extended an olive […]
WHITE HOUSE WATCH: INSTITUTIONAL BALM FOR MKTS BUT DEMAND DESTRUCTION DEEPENS
–Declaration of National Emergency Accompanied by New Testing Regime –S&P +9.29%; DJIA +9.36%; Nasdaq +9.35%; US 10-YR 0.981%; Euro/Dlr 1.1104; Dlr/Yen 107.98 By Denny Gulino THE WHITE HOUSE (MaceNews) – From the White House to Ottawa and Germany and beyond, governments Friday applied massive reinforcement of economies and health care mechanisms while the relentless spread […]
WHITE HOUSE WATCH: DOES DÉTENTE WITH CHINA CHANGE EVERYTHING?
By Denny Gulino THE WHITE HOUSE (MaceNews) – The Phase One trade agreement with China is readied for signing, Sunday’s additional tariffs are scrapped, some existing tariffs are set to be trimmed and the Dow closes up a measly 3.3 points? Wasn’t the U.S.-China trade battle the most market-sensitive development of all, just like Federal […]
FED’S WILLIAMS: STILL ASSESSING WHETHER MORE RATE CUTS NEEDED
NEW YORK (MaceNews) – New York Fed President John Williams Thursday declined to say he favored a rate cut at the next Federal Open Market Committee meeting, saying instead that policy-makers are still assessing the need for additional measures. Williams, speaking to reporters after a speech to an industry group, was asked whether he favored […]
FED’S WILLIAMS: OPEN MKT OPERATIONS HAVE STABILIZED MONEY MARKET, MAY ADJUST AS NEEDED
NEW YORK (MaceNews) – The Federal Reserve’s renewed program of open market operations has stabilized money markets and is keeping the federal funds rate at its target level, and the Fed may adjust its program as needed over time, New York Fed President John Williams said Thursday. Williams, in remarks prepared for delivery to a […]
FED’S EVANS: POLICY REVIEW INCLUDES MAXIMUM RATE OF EMPLOYMENT
By Suzanne Cosgrove CHICAGO (MaceNews) – Chicago Fed President Charles Evans Thursday said the Fed is continuing to review measures of its dual goals of price stability and maximum employment as part of an examination of its policy framework begun late last year. “One of the key questions facing us today is whether the economy […]
UPDATE: WHITE HOUSE WATCH: RESIDUAL MARKET HAPPINESS AS EVERYONE WONDERS WHAT’S NEXT
October 15th, 2019 By Denny Gulino THE WHITE HOUSE (MaceNews) – “Never a dull moment” doesn’t quite capture the atmosphere these days at the White House, where the show never stops, geopolitical events are triggered in far off places and the impeachment saga keeps deepening. So this particular Tuesday evening, as the sun goes down, cameramen […]