Archives of “donald trump” tag

rss

Trump: Big sanctions on Turkey are coming

  
  Analysis
#  #  #  #  #  #  #

Trump tweets out a message to Turkey

Brian Kilmeade over at @foxandfriends got it all wrong. We are not going into another war between people who have been fighting with each other for 200 years. Europe had a chance to get their ISIS prisoners, but didn’t want the cost. “Let the USA pay,” they said.

Kurds may be releasing some to get us involved. Easily recaptured by Turkey or European Nations from where many came, but they should move quickly. Big sanctions on Turkey coming! Do people really think we should go to war with NATO Member Turkey? Never ending wars will end!

This is related to the strikes in the northern part of Syria last week. The lira has fallen on the tweet as USD/TRY is making new highs for the day around 5.9350 from 5.9200 levels earlier.

Trump blames the stock market decline on ‘impeachment nonsense’

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

Trump turns his eye away from the Fed

He’s not entirely wrong, the market didn’t like the impeachment headlines when they first hit. But I’d argue that’s because impeachment is more likely to make him erratic and reactionary, if not dangerous.
As for what’s caused the latest leg of US stock market selling, allow me to draw some conclusions:
Trump turns his eye away from the Fed
Here’s his tweet:
All of this impeachment nonsense, which is going nowhere, is driving the Stock Market, and your 401K’s, down. But that is exactly what the Democrats want to do. They are willing to hurt the Country, with only the 2020 Election in mind!
However I think in the big picture, you’re going to have a US election in 13 months. How do you have any confidence in stocks on a Warren vs Trump election? That’s a binary outcome.
If the impeachment talk had any bearing, it was because it hurt Biden as much as Trump and that solidified Warren’s lead. She went from +200K in betting odds on Sept 12 to +110 now.

Trump impeachment drama muddles China deal timeline

  
  Analysis
#  #  #  #  #  #  #  #  #

As U.S. President Donald Trump prepares for high-level trade negotiations with China next month, a sharp turn of events has blurred the timeline of a deal.

On Tuesday, Democratic House Speaker Nancy Pelosi shocked the nation when she announced an impeachment inquiry into Trump. Pelosi had resisted calls to start formal proceedings against the president during and after the Mueller investigation, but the latest allegations about Trump pressing Ukrainian President Volodymyr Zelensky to investigate former U.S. Vice President and Trump’s political rival Joe Biden’s family pushed her to act.

Trump on Wednesday sought to shift the focus away from the inquiry, praising the U.S. economy and an imminent trade deal with China.

“We have created the greatest economy in the history of our country, the greatest economy in the world…. Right now China is way behind us and they will never catch us if we have smart leadership,” Trump told reporters. “We have picked up trillions of dollars and they have lost trillions of dollars and they want to make a deal very badly. It could happen. It could happen sooner than you think.”

The comment came an hour after Trump released a transcription of his phone call with Zelensky from July 25. The president was under pressure from Democrats and some Republicans to make public the transcript after a whistleblower filed a complaint saying he pressured the Ukrainian president to investigate Biden’s son Hunter Biden as well as a Democratic National Committee computer server related to Russian interference in the 2016 election.

Trump said last week that China would like to see someone else win the 2020 presidential election, but they think he is going to win. He has warned Beijing that if the deal comes after the Nov. 3, 2020 election, trade talks will be on “far worse” terms.

U.S. President Donald Trump said a China trade deal could come “sooner than you think.”   © AP

(more…)

Pres. Trump: China agricultural purchases is not enough

  
  Analysis
#  #  #  #  #  #  #  #

President Trump speaking at a press conference with Australia’s prime minister

  • China agricultural purchases is not enough
  • looking for complete deal with China
  • he does not need a trade yield before the 2020 election
  • China is being affected very badly US economy is very strong
  • China is eating the tariffs
  • Trump has an amazing relationship with Xi, but is having a little spat
  • signing USMCA is very important for the country
  • Australia will be a big beneficiary of China deal
  • expects sanctions to work on Iran
  • military option would work but should never have to use it
  • Iran has a lot of self-made problems

Trump ready to escalate trade war if no deal, advisor says

  
  Analysis
#  #  #  #  #  #  #

SCMP report

Trump has so far only imposed ‘low level tariffs’ and is prepared to escalate them further if no deal is agreed, Michael Pillsburt told the SCMP.
This is an interesting tidbit as well:
“It was very close and then something mysterious happened. China reneged,” Pillsbury said. “The mystery is the hardliners [in Beijing]. They apparently were not aware of the 150-page deal. They somehow became aware of it in April. Some new players got involved in Beijing and next thing we know their reneging took place.”
The location of the comments is also telling; the US is sending a message to China.

Trump will meet with advisors today on cutting capital gains

  
  Analysis
#  #  #  #  #  #

Trump to meet economic team today

Dow Jones reports that Trump will once again meet with advisors today on the topic of cutting capital gains taxes by indexing them to inflation. The move would be a massive boon to long-term investors but punch a huge hole in the deficit over time. It would also face court challenges from Congress.
The meeting will also focus on broader proposals to cut taxes, according to the report which cities unnamed sources.

Trump tweets about tariffs and Fed

  
  Analysis
#  #  #  #  #  #  #

More of the same from Trump

Another tweet, just the regular stuff.
“China is eating the Tariffs.” Billions pouring into USA. Targeted Patriot Farmers getting massive Dollars from the incoming Tariffs! Good Jobs Numbers, No Inflation(Fed). China having worst year in decades. Talks happening, good for all!

Trump says euro ‘dropping like crazy’ as he laments dollar

  
Analysis, Forex
#  #  #  #  #  #  #

Trump with his usual rant against the dollar and the Fed

The latest tweet:
The Euro is dropping against the Dollar “like crazy,” giving them a big export and manufacturing advantage…and the Fed does NOTHING! Our Dollar is now the strongest in history. Sounds good, doesn’t it? Except to those (manufacturers) that make product for sale outside the U.S. We don’t have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem. They don’t have a clue!
Here’s what ‘like crazy’ looks like:
Trump with his usual rant against the dollar and the Fed
The euro is down 0.75% against the US dollar in the past three months. The euro is higher today than it was on the day Trump was elected… ‘like crazy’ indeed.
EURUSD in Trump's term
Trump is continuing and says:
If the Fed would cut, we would have one of the biggest Stock Market increases in a long time. Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management…and who can really blame them for doing that? Excuses!
There are rumors that he was going to delay the tariffs that kick in on Sunday but this doesn’t sound like a guy who is about to backtrack.

Trump announces fresh tariffs on Chinese products, ramping up rates by 5%

  
Analysis, Economy
#  #  #  #  #  #  #  #  #

Trump makes the announcement via Twitter

On October 1, Chinia is going to be hit by fresh tariffs.
Here’s the announcement, which was clearly timed to hit moments after the FX close:
For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30% Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!
One thing that’s a bit unclear is the Dec 15 tariffs. I’m guessing those are still exempted until then.
All told, this isn’t that bad. It could have been worse. He’s ramping up tariffs by 5%. It’s not some kind of apocalyptic announcement but it certainly continues the trend of escalation.
trade war

US stock closes higher, but off the higher extreme

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

Nasdaq leads the indices on the day. Dow lags

The major US stock indices are ending the session with solid gains but off the session highs. The indices opened higher and remained higher on the back of the Trump administration talking up the economy and more Fed criticism (and calls for sharply lower rates ….i.e. Pres. Trump wants 100 bps lower).  The Trump Administration also extended its reprieve on penalties for doing business with Huawei which gave a boost to stocks.
The final numbers are showing:
  • The S&P index up 34.97 points or 1.21% at 2923.65. The high reached 2931.00. The low extended to 2913.48.
  • The Nasdaq index is closing up 106.81 points or 1.35% at 8002. 81. The high reached 8026.75. The low reached 7974.25
  • The Dow is closing up 249.78 points or 0.96% at 26135.79. The high reached 26222.32. The low reached 26020.06.
Go to top