WHITE HOUSE WATCH: VIRUS ‘APEX’ WEEKS AWAY AS DEFENSES MOUNT
–Senate 90-0 Hands Phase 3 Over to the House for Final Passage –President Trump: ‘I’m Not Going to Do Anything Rash’ By Denny Gulino WASHINGTON (MaceNews) – A thousand distractions filled the news Wednesday, particularly promises contained in the pending congressional effort to replace trillions of dollars of income, pay for medical gear and rescue […]
DATA FLASH: US FEB DURABLE GOODS ORDERS +1.2%
–FHFA Home Price Index +0.3% By Kevin Kastner WASHINGTON (MaceNews) – US durable goods new orders rose solidly in February, but the headline number was almost entirely driven by a transportation surge, the Commerce Department reported Wednesday. Orders rose by 1.2% (-0.6% expected) in February but were down 0.6% (-0.3% expected) when a 4.6% jump […]
WHITE HOUSE WATCH: VIRUS STILL UNCHALLENGED, DOMINATING THE NARRATIVE
–President Trump Would Like ‘Beautiful’ Packed Churches on Easter -DJIA Up a Record 2112.98 Pts/11.4%; S&P Up 209.93/+9.3% -US Virus Death Tolls Goes Up By 129 in Latest 24 Hours By Denny Gulino WASHINGTON (MaceNews) – The corona virus, heedless of the new battle of narratives, is steadily spreading mostly unseen Tuesday in and beyond […]
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 […]