Carlyle

Retail Stocks Surge On Report Trump Opposes House Version Of Border Tax

The White House appears to have flip-flopped again because earlier today, according to Axios, Goldman's ex-president Gary Cohn, and chief economic advisor to President Trump, told a group of CEOs that the White House does not support the House GOP version of a border adjustment tax.

Frontrunning: January 10

  • Immigration in focus as U.S. Senate confronts Trump nominees (Reuters)
  • Jeff Sessions to Be Grilled on Race in First of Hearings (WSJ)
  • Libya Ramps Up Oil Production, Threatening OPEC Plans (WSJ)
  • Valeant to sell assets for $2.12 billion to ease debt load (Reuters)
  • Industry Lobbyists Champ at the Bit, Awaiting Business-Friendly Policies (WSJ)
  • Yahoo to be named Altaba, Mayer to leave board after Verizon deal (Reuters)

Frontrunning: January 9

  • European shares dip, sterling falls on Brexit comments (Reuters)
  • Pound Falls to 10-Week Low as May Hints at Single-Market Exit (BBG)
  • Offshore Yuan Falls for Second Day as Bears Reload After Squeeze (BBG)
  • Trump's choices for top Cabinet posts face big tests this week (Reuters)
  • Nine Trump Nominees Who’ll Face Extreme Vetting by Democrats (BBG)
  • Meet the Mercers: New Power Brokers in Trump’s Washington (WSJ)

Party Like The Dow Is 19,999: US Futures Dip As Global Currencies Stumble; Oil Down, Gold Up

European, Asian stocks fall and U.S. equity-index futures traded mixed on Monday with fresh memories of the Dow Jones rising to under 1 point of 20,000 on Friday. The dollar has rebounded on fresh geopolitical concerns, while the pound extends its decline from Friday and has slide to 10 week lows on a Sunday interview from Theresa May which suggested a "Hard Brexit" may be in the cards.

Frontrunning: November 11

  • Conquering Trump comes to DC (The Hill)
  • Trump’s Data Team Saw a Different America—and They Were Right (BBG)
  • Trump victory prompts U.S. fund managers to focus on inflation (Reuters)
  • Dollar’s Trump-Inspired Surge Sets Off Intervention Across Asia (BBG)
  • Trump Camp Works to Form Cabine (WSJ)

Frontrunning: October 28

  • European Stocks Fall on Earnings as Bond Rout Eases; Metals Rise (BBG)
  • Wall Street’s Frantic Push to Hire Coders (BBG)
  • In Germany, Syrians find mosques too conservative (Reuters)
  • Oregon militants acquitted of conspiracy in wildlife refuge seizure (Reuters)
  • Some Cities Want Their Immigrants to Vote (BBG)
  • Americans Are Dying Faster. Millennials, Too (BBG)

Soothing Fed Sends Global Stocks, US Futures, Commodities Higher

Following the Fed's "hawkish hold" and the BOJ's "confused contradiction", global risk (and non-risk) assets got the green light, and as a result stocks and bonds rallied in Asia and Europe, with US equity futures rising another 0.4%, advancing with oil and industrial metals, as iron surged in Chinese trading.

Frontrunning: September 13

  • IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017 (BBG)
  • Futures dip with oil as investors assess rate hike chances (Reuters)
  • Hilsenrath - Divided Federal Reserve Is Inclined to Stand Pat (WSJ)
  • 'I didn't think it was a big deal,' Clinton says of pneumonia bout (Reuters)
  • Clinton's Lead Narrows Among Independents, Voters Nationally (NBC)
  • Libor’s Reaching Point of Pain for Companies With Big Debt Loads (BBG)

Frontrunning: August 30

  • EU demands Apple pay Ireland up to 13 billion euros in tax (Reuters)
  • Dollar Advances as Treasuries Drop on Rate Outlook; Stocks Rise (BBG)
  • Chinese embassy in Kyrgyzstan hit by suspected suicide car bomb (Reuters)
  • France, joining German Economy Minister, urges halt to trade talks with U.S. (Reuters)
  • Euro zone monthly economic sentiment falls more than expected (Reuters)

Frontrunning: July 28

  • Fed caution hits dollar as Japan anticipation builds (Reuters)
  • Obama asks U.S. voters to 'carry' Clinton to White House, defeat Trump (Reuters)
  • Democrats skewer Trump (Politico)
  • Obama, Biden Toss Barbs at Trump and Say Clinton Is Only Choice (BBG)
  • Did Donald Trump’s Executives Violate the Cuban Embargo? (BBG)

Frontrunning: July 19

  • Turkey's Erdogan recounts night of coup, mulls death penalty (AP)
  • Dissidents Silenced, GOP Convention Turns Attacks on Clinton (WSJ)
  • U.S. police deaths build momentum for law to treat attacks as hate crimes (Reuters)
  • Police across US patrolling in pairs after ambush attacks (AP)
  • UK will not invoke EU Article 50 this year, government lawyer says (Reuters)

Frontrunning: April 25

  • Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
  • Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
  • The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
  • Oil Producers Lock In Once-Snubbed Prices (WSJ)
  • Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
  • 11,000 jobs at risk as BHS teeters on brink (The Times)

Frontrunning: April 15

  • Global stocks, dollar and oil cool ahead of Doha meeting (Reuters)
  • Oil Falls Before Doha as Global Markets Brace for Weekend Risk (BBG)
  • China Growth Slows; Revival Policies Appear to Gain Traction (WSJ)
  • White House hopefuls Clinton, Sanders joust in Brooklyn brawl (Reuters)
  • Trump talks up 'New York values' as protesters demonstrate against him (Reuters)
  • Sanders Can’t Clarify Wall Street Plan in Testy Clinton Debate (BBG)