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 […]
WHITE HOUSE WATCH: JARRING CONTRAST-CHINA TALKS AND A PRESIDENT WHO GRIEVES FOR THE FALLEN
By Denny Gulino THE WHITE HOUSE (MaceNews) – Somebody knows something, right? Because why would stocks go up on optimism about the China talks that start Thursday, a day after they went down on pessimism about the talks? Maybe the eight drivers sitting on a bench waiting for the next trip overheard something as they […]
WHITE HOUSE WATCH: BAD VIBES SURROUND RUNUP TO CHINA TRADE TALKS
By Denny Gulino THE WHITE HOUSE (MaceNews) – The BLS Limo Group black vans are back at the Willard Hotel, this time carrying bureaucrats from China and as they mill about at 14th & F streets, a block from the Treasury and two blocks from the White House, they seem relaxed. They are a low-security […]
UPDATED WHITE HOUSE WATCH: ANOTHER DAY, ANOTHER SURPRISE POLICY SHIFT
By Denny Gulino THE WHITE HOUSE (MaceNews) – It was a sort of typical Monday in the Executive Mansion, a few tweets, a surprise pullout of U.S. troops from Syria, an impromptu news conference after the signing of a $55 billion trade deal and an accompanying “digital” commerce agreement with Japan and on many levels, […]