Trump Delivers Weekly Address: Live Feed

With the general public, market participants certainly included, closely following everything that comes out of Trump's mouth, below is the President's weekly address in which he may reflect on yesterday's "surreal" press conference and today's meeting with Boeing executives.

For BlackRock, This Is The Red Flag Among Record Low Volatility

“Hiding political risk is not reflected in markets. People are not that nervous, and there are things that could go wrong, particularly when you think about all of the political risks. That adds to the argument for having gold in a portfolio.”

Frontrunning: February 17

  • ‘In Trump We Trust’ Is Market Mantra as Turmoil Besets White House (BBG)
  • World stocks lose momentum after record-breaking week (Reuters)
  • As Tax Debate Heats Up, Lawmakers Struggle to Think of a Plan B (WSJ)
  • Mnuchin Warned as G-20 Sees New Economic Order (BBG)
  • Deutsche Bank examined Donald Trump's account for Russia links (Guardian)
  • Stop hurling insults and listen, Pope Francis tells politicians (Reuters)

Unilever Shares Soar After Kraft Heinz Confirms £112BN Takeover Bid; Options Confirm Leak

Unilever shares soared this morning after food conglomerate Kraft-Heinz, backed by Warren Buffett and Brazil's 3G, confirmed it made a £112bn takeover offer for Unilever, leading to a 11% surge in the shares of the London-listed Anglo-Dutch conglomerate, the biggest one day surge since 1987. Shares of Kraft Heinz rose over 4% premarket in New York.

Tony Blair Urges Brexit Opponents To "Rise Up" And Fight To Stay In The EU

In a fiery speech delivered in London aimed to show U.K. Prime Minister Theresa May that she won’t get everything her own way, former British Prime Minister Tony Blair Tony Blair urged opponents of Brexit to “rise up” and fight to change the British people’s minds about leaving the European Union. 

Some Good News For Active Managers: First Weekly Mutual Fund Inflow In 12 Months

Finally some good news for active managers. After one year of consecutive outflows, last week saw the first inflows into long-only equity mutual funds going back to last February, as according to BofA there finally was a $0.5 billion cash inflow, "a sign of rising investor confidence & broadening participation in equity rally."

Why Sub $50 Oil Is More Likely Than $70 Oil

Comparative inventory analysis suggests that the current ~$53 per barrel WTI oil price is at least $6 per barrel too high. Don’t hold your breath for $70 oil prices.

Mary Jo White Seriously Misled The US Senate To Become SEC Chair

Yesterday it was widely reported in the business press that Mary Jo White is returning to her former law firm as a partner representing clients who face government investigations. This news is highly significant because it would appear that the U.S. Senate was seriously misled by White’s ethics letter in its deliberations to confirm her as the top cop of Wall Street.