European and Asian shares rose again and S&P futures were little changed, as world stocks were set for a weekly gain and held near 16-month highs on Friday, while the euro steadied after swings following the European Central Bank’s decision to extend its stimulus program.
The federal judge who ordered Michigan to begin its recount on Monday effectively ended it this evening, extinguishing his earlier order, ruling that Green Party candidate Jill Stein "speculative claims" had no legal standing to request another look at ballots.
As Donald Trump returns to his grassroots "thank You" tour to salute supporters in the battleground states, Hillary Clinton and Tim Kaine are throwing a party at the Plaza hotel to thank those who donated millions to the campaign.
The Michigan Republican Party filed emergency motions with the U.S. 6th Circuit Court of Appeals early on Tuesday, seeking a stay of a federal judge's order that started a statewide presidential recount in Michigan on Monday, even as another potentially "dealbreaking" snag has emerged to Jill Stein's recount effort.
"You haven’t given the readers enough credit. Something you PhD economists are going to be facing much more of in the coming years. There is a movement to educate and draw in the American public to such economic discussions. We will be better prepared to understand your theoretical, applicable and logical fallacies. You should take note, and be better prepared next time."
The key economic releases this week are ISM non-manufacturing on Monday and University of Michigan consumer sentiment index on Friday. Away from the US economic calendar, initially focus will be on the Italian referendum result, which appears to have been mostly digested by the market as bullish. It will then shift quickly to a critical ECB meeting.
Another miraculous overnight recovery has eliminated all the bearish aftertaste from the failed Italian referendum. As Guillermo Sampere of MPPM EK put it: "After Brexit, it took three days for markets to shake it off, with Trump it took three hours, with Italy it took three minutes.The fast money, who expected markets to fall further with this outcome, are now covering their positions."
So who/what was most to blame for Hillary's loss? Was it Bernie Sanders, Putin, James Comey, "Fake News", Julian Assange, White Supremecists, The Electoral College, Jill Stein...certainly it wasn't Hillary.
According to Philly Voice, an updated count Friday by state election officials shows Trump’s lead over Democrat Hillary Clinton has shrunk from 71,000 to 49,000. If this new number is accurate, Trump’s lead is at 0.8 percent, down from more than 1 percent. That is still shy of Pennsylvania’s 0.5 percent trigger for an automatic statewide recount.
Ford CEO frames the "ask" for starting negotiations with Trump centered around less restrictive fuel economy standards, currency-manipulation rules that promote free and fair trade, tax reform and safety guidelines for autonomous vehicles.