Archives of “Businesspeople” tag

rss

Trump says if oil price stays the way it is he would do very substantial tariffs

  
  Analysis
#  #  #  #  #  #  #  #

Oil remarks from US President Trump.

The oil price has plunged at the opening to this week’s trade after weekend news and comments. Trump’s latest in that headline cutting a few cents out of it again.
  • if oil price stays the way it is he would do very substantial tariffs
  • does not think he will need to use tariffs in oil fight
(On that second remark, note that Trump has said a few times from late last week that expects Russia and Saudi to cut production, he’s mentioned by 10m barrels a day, perhaps 15m. Noter also though that the OPEC+ meeting scheduled for today has been put off to April 9. )

US President Trump re hydroxychloroquine drug – “strong signs” it works on the coronavirus

  
  Analysis
#  #  #  #  #  #  #

White House press briefing on coronavirus, Trump remarks

  • Trump says they’ve bought a “tremendous amount” of hydroxychloroquine
  • claims there are “strong signs” it works on the coronavirus
Trump says has a bought 29m doses of the drug
—
Note:
Anthony Fauci, America’s most respected infectious disease expert, and others emphasize that it hasn’t been proven safe/effective
Fauci pictured here behind Trump at an earlier briefing.
White House press briefing on coronavirus, Trump remarks  

US stocks jump in a monster bounce — Dow gains most since 1933

  
Analysis, US Market
#  #  #  #  #  #  #  #

The Fed and Congress inspire an equity rally

Closing changes:
  • S&P 500 +9.4% — biggest since 2008
  • DJIA +11.3%
  • Nasdaq +8.0%
It was a great day to buy stocks as the market bets that Congress will come through with some kind of stimulus. There was also some major bargain hunting and short-covering. The four best performers on the S&P 500 were: L Brands, American Airlines, MGM Resorts, Norwegian Cruise Lines. Energy was the top-performing sector.
Every bottom starts with a bounce but not every bounce is a bottom. That said, bottoms are built on skepticism so my skepticism is only adding fuel to the fire.
The rally today is slightly bigger than the one that led Trump to email out this:
The Fed and Congress inspire an equity rally

White House says US President Trump coronavirus test result was negative

  
  Analysis
#  #  #  #  #  #

A statement from Sean Conley, Trump’s doctor.

This is good news if true. Trump in known as a bit of a germaphobe so his caution may have paid off. Wash your hands folks!
In other news, the wife of Spain’s Prime Minister has tested positive.
A statement from Sean Conley, Trump's doctor.

US President Trump says he has taken the coronavirus COVID-19 test

  
  Analysis
#  #  #  #  #  #  #  #

Fox report Trump was tested, results are expected within 48 hours

  • “I decided I should based on the press conference yesterday people were asking that I take the test.”
Trump’s job has brought him into close contact with people confirmed as having the virus so this test is a wise step.
What we have seen so far from the progression of the infection around the globe is older people seem particularly vulnerable to the more severe impacts of the virus, along with those people with existing respiratory issues.
Fox report Trump was tested, results are expected within 48 hours

US president Trump: Fed should ease and cut rate big

  
  Analysis
#  #  #  #  #  #

Trump calls for Fed rate cuts again after the RBA decision earlier

Powell Trump

“Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more so. Our Federal Reserve has us paying higher rates than many others, when we should be paying less. Tough on our exporters and puts the USA at a competitive disadvantage. Must be the other way around. Should ease and cut rate big. Jerome Powell led Federal Reserve has called it wrong from day one. Sad!”

What else is new. Either way, the market has also already held the Fed hostage ahead of this month’s policy decision. Knowing the Fed, they’ll oblige to cut rates as such and Trump will get his wish – though that policy room is surely getting smaller.

US President Trump says the coronavirus will probably spread in the US

  
  Analysis
#  #  #  #  #  #  #

President of the United States Trump press conference

  • Says virus will probably spread in the US
There is no probably about it. I am surprised he is not informed on this.
More:
  • May need to restrict travel from Italy, South Korea but now is not the right time
S&P500 futures lower again, getting sold heavily on Globex

Michael Bloomberg climbs into 2nd place on PredictIt for Democratic nominee

  
Analysis, Politics
#  #  #  #  #  #  #  #

Michael Bloomberg is going to get a chance to make his case

Michael Bloomberg is going to get a chance to make his case
We’re still waiting for results from the Iowa caucus but it’s expected to be a win for Bernie or Pete Buttigieg. The story in betting markets, however, is the poor performance from Joe Biden. The market is coming around to the idea that he can’t win and that establishment voters may turn elsewhere.
That leaves Klobuchar, who remains distantly behind, and Bloomberg, who is having his moment.
The billionaire has risen to 20% on PredictIt and passed Joe Biden. I think he lacks the charisma and ability to connect with people to sustain any real momentum, but he certainly has the deep pockets to sustain a run.
If he loses to Bernie, he’s ruled out a 3rd party run but I’m sure he will be dogged by those questions.

Pres. Trump proposes 2 state solution for Israel and Palestinians

  
Analysis, Politics
#  #  #  #  #  #  #  #

Mideast peace plan from Pres. Trump

  • Pres. Trump proposes 2 state solution for Israel and Palestinians with Palestinian capital in east Jerusalem
  • Israel has agreed to negotiate on the basis of a detailed proposed the map
  • Israel agreement on statehood for Palestinians is dependent on security arrangement to protect Israelis
  • Israel respect historic role of Al-Aqsa mosque and Jordan’s role with regard to holy sites with the aim of allowing Muslims to visit mosque
  • Palestinian state hold is dependent on Palestinians respecting human rights, freedom of the press, and having a transparent and credible judiciary
  • Israelis West Bank settlements would be recognized by the United States
  • in exchange for Israel’s agreeing to the proposed map, the US will recognize the map
  • Israeli would agree to 4 year freeze on settlement activity while Palestinian statehood negotiated
  • we bought 4 more years for Palestinians to get their act together and negotiate state
  • question for Palestinians. The question is is will they come to the table and negotiate
  • if Palestinians agree to negotiate there are some areas that can be compromised in the future
  • proposed Palestinian state would be connected with roads, bridges and tunnels with connectivity between Gaza and West Bank
  • Trump plan calls for Palestinian refugees to be able to return to a future state of Palestine and creates generous compensation fund.
Israel and Palestinian talks broke down in 2014.  US officials are bracing for initial Palestinian skepticism, but hope that over time they will agree to negotiate.
US plan represent the most dramatic and detailed attempt to break the historic deadlock. The Palestinians are skeptical as they say the US administration is biased toward Israel.

US President Trump is to sign the new NAFTA (USMCA) next week – Wednesday

  
Analysis, Politics
#  #  #  #  #  #  #  #

Reuters citing an unnamed official, Trump to sign the deal between the United States, Mexico and Canada on Wednesday during a ceremony at the White House

—
This United States-Mexico-Canada Agreement (USMCA) replaces NAFTA
It is yet to be formally approved by Canada.
The delay from CAD may be donut related? (kidding)
Reuters citing an unnamed official, Trump to sign the deal between the United States, Mexico and Canada on Wednesday during a ceremony at the White House
Go to top