Wells Fargo

Frontrunning: April 26

  • Futures flat as Trump tax plan awaited (Reuters)
  • Trump’s 15% Tax Plan May Just Be His Opening Gambit (BBG)
  • Budget Director, After Health-Law Missteps, Preps for Spending Battle (WSJ)
  • 100 Days: Trump's victories dimmed by misfires (Reuters)
  • White House Intervened to Toughen Letter on Iran Nuclear Deal (WSJ)
  • Trump Changing Tactics on Tax After Health-Care Failure (BBG)

Wells Meeting Turns Into Screaming Match, Shareholder Kicked Out After "Physical Approach" Toward Board Member

What may be the most controversial annual shareholder meeting in Wells Fargo history, in which the board is seeking re-election after last year's misselling scandal, devolved into a screaming match on Tuesday morning and was briefly halted following interruptions by angry shareholders as the bank's chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board.

Frontrunning: April 25

  • Trump’s 15% Corporate Tax Push Sets Stage for Clash With Ryan (BBG)
  • U.S. and North Korea Flex Military Muscles (BBG)
  • Le Pen's father criticizes her presidential campaign as she steps back from party (Reuters)
  • Eight Maps That Explain France’s Macron-Le Pen Election (BBG)
  • Alphabet’s Waymo Offering Families Rides in Self-Driving Cars (WSJ)

Frontrunning: April 24

  • French election relief sends Europe soaring (Reuters)
  • Gloves off as Le Pen and Macron pitch for final battle (Reuters)
  • French Runoff Creates Fresh Political Divisions (WSJ)
  • U.S. Government Shutdown May Hinge on Trump’s Demand for Mexico Wall (BBG)
  • Congress returns as Trump pressures Democrats ahead of funding deadline (Reuters)

Frontrunning: April 20

  • White House to risk shutdown as Trump searches for “win” (Politico)
  • Saudi Minister Wants OPEC Oil-Production Deal Extended, Perhaps for Less Than 6 Months (WSJ)
  • Russia denies Reuters report think tank drew up plan to sway U.S. election (Reuters)
  • Fed's Kaplan: Three rate rises this year 'still a good baseline' (Reuters)
  • Ex-Arconic CEO Sent Vague Threat to Hedge-Fund Boss (WSJ)

Europe And S&P Futures Higher, Dollar Drops As OPEC Talks Oil Up

European stocks rose amid earnings beats, offsetting weakness in the energy sector and easing investor concerns ahead of the weekend’s French election. Asian shares and U.S. futures also rise. The dollar weakens against the euro and most crosses, while crude oil rebounds following renewed OPEC chatter of a production cut, this time with Saudi Arabia seemingly onboard.

The Real Message From The GDXJ Mess

"Maybe this GDXJ problem is the shot across of the bow. Maybe Grant Williams’ theory about how little it will take to move this market is starting to come true. There is precious little room for everyone in the gold boat."

Frontrunning: April 17

  • Trump’s Renewed Focus on Health Bill Vexes GOP Tax Strategy (WSJ)
  • Wall Street banker Cohn moving Trump toward moderate policies (Reuters)
  • Trump Rejects Protests Over Tax Returns (WSJ)
  • Merkel Calls on Erdogan to Open Talks in ‘Deeply Split’ Turkey (BBG)
  • Turkish Opposition Plans Challenge to President Erdogan’s Referendum Victory (WSJ)