STATUS CHECK – VIRUS HITS WHITE HOUSE – AGAIN; BIDEN APPEALS FOR CALM
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. You had a dream, that there is now a president-elect and that all the uncertainty and anxiety of a long week started to fade away like long-ago birth pangs. In your dream President […]
SATURDAY/SUNDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is the public White House schedule for Saturday and Sunday: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, NOVEMBER 7, 2020, THROUGH SUNDAY, NOVEMBER 8, 2020 Saturday, November 7, 2020 EST 12:00PM In-House Pool Call Time THE PRESIDENT has no public events scheduled. Sunday, November 8, 2020 EST 12:00PM In-House Pool Call Time […]
BOE SUGGESTS UK BANKS BETTER PREPARED FOR SUB-ZERO RATES THAN IN 2009
By Laurie Laird LONDON (MaceNews) – British banks are are sufficiently capitalised to continue lending even if official rates eventually fall below zero, according to two Bank of England rate setters Friday. Negative rates are most effective “when banks’ balance sheets are not under pressure for other reasons,” as was the case during the financial […]
DATA FLASH: US OCTOBER PAYROLLS RISE 638,000, UNEMPLOYMENT RATE 6.9%
–Private Jobs Surge 906,000, Led by Leisure, Business Services, and Retail By Kevin Kastner WASHINGTON (MaceNews) – The October employment report Friday showed that even an uptick in COVID-19 cases couldn’t stop the ongoing recovery, with a solid increase in payrolls and a further dip in the unemployment rate. Nonfarm payrolls rose by 638,000 in […]
STATUS CHECK – STILL COUNTING, FUMING AND SUING
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Peace, harmony and finally a resolution to a hard-fought campaign? Of course not. This is 2020. Thursday night and key states still too close to call, with Joe Biden’s lead in Arizona diminishing […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, NOVEMBER 6, 2020 EST 10:00AM In-Town Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery contact tony@macenews.com. […]
FED’S POWELL ACKNOWLEDGES SLOWDOWN, NEED FOR STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell was as low key as possible in answering questions about the latest policy meeting as vote counts are deciding the next president but he did drop a hint that the asset purchase program may be in for some innovation. “The recent rise in new […]
ECB RATE SETTER SEES VALUE IN A SYMMETRICAL INFLATION TARGET
— Bundesbank’s Weidmann refuses to rule out further ECB rate cuts By Laurie Laird LONDON (MaceNews) – A key European Central Bank official Thursday expressed support for symmetrical inflation targeting, and suggested that the Bank could cut rates further into negative territory to lift stubbornly-low Eurozone inflation back to target. A “make-up” strategy that allows […]
DATA FLASH: US INITIAL CLAIMS SLIP; PRODUCTIVITY UP SHARPLY
–Initial Claims Decline By 7,000 to 751,000; 4-Week Average Slides–Nonfarm Productivity +4.9% as Output, Hours Worked Both Rebound By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 7,000 to a level of 751,000 in the October 24 week, slightly above expectations for a decline to 745,000. The four-week moving average for initial claims declined by […]
UK EXTENDS GOVERNMENT FURLOUGH SCHEME UNTIL MARCH FOLLOWING WEAK BOE OUTLOOK
By Laurie Laird LONDON (MaceNews) – The UK government has extended its job support scheme until the end of March, just hours after the Bank of England downgraded its economic forecast for the fourth quarter. The UK’s top finance official, Chancellor of the Exchequer Rishi Sunak, told parliament that the programme will provide 80% of […]