New York NY… The markets had one of their worst days in years and oil had its worst day since the Gulf War. Demand softening with the Coronavirus affecting airline travel and travel in general combined with a price war in crude from Russia & Saudi Arabia greased the slide. The spilled oil prices led […]
Washington, DC…Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and social assistance, food services and drinking places, government, construction, professional and technical services, and financial activities. This news release […]
Washington, DC…U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the Supreme Court: ‘A few weeks ago, I spoke on this floor about a dangerous trend that threatens our self-government. ‘I explained how some in the Democratic Party appear more interested in attacking the institutions of our […]
Washington, DC…We just completed another meeting of the White House Coronavirus Task Force. It’s been a very busy and productive day here at the White House. President Donald Trump has no higher priority than the safety and health of the American people. And the President has directed our task force — employing the full resources […]
New York, NY…Three months ago, I entered the race for President to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump – because it is clear to me that staying in would make achieving that goal more difficult. I’m a believer in using data to inform decisions. […]
Washington, DC…The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage […]
New York, NY…The Dow Average soared to 26,703.32 +1,293.96 (5.09%). This was the largest single day point gain in history. The NASDAQ & S&P 500 all set records as well. What tomorrow holds we will see but for now it looks as if the markets are on the road to recovery even as the Coroavirus […]
South Bend, IN…Statement from his campaign…”Thank you for inviting me into your homes, sharing your stories, and putting your trust in me. We launched our campaign because Americans are hungry for a new kind of politics that brings us together. And together we’ll beat this president and build the era that must come next.”
New York, NY…The financial markets have opened up slightly this morning in early trading. Traders are looking for profit opportunities and the Fed was active in repos overnight as well. Have we found the bottom? Who knows but aggressive searching for footing is underway…