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AT&T Inc.'s ( T ) top Washington executive and policy chief is being forced out of the company after his office paid $ 600,000 to Trump attorney Michael Cohen last year https://eresearch.fidelity.com/eresearc ... NLINE&sb=1
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
It was investing.coms 5th item for 5 things to watch today.
The big item was St Louis Fed's Bullard saying the Fed may be done raising rates as of now. Rational is they do not want to invert the yield cure. And this is the flexible part of policy. The Chair, and prior to his tenure Lauel Brainard in the major policy speech have been very clear. The liquidity mop is not negotiable so the increasing pace of Fed balance sheet shrinkage will continue.
to Al
WASHINGTON (Reuters) - U.S. President Donald Trump will meet 10 major automakers at the White House on Friday to discuss the fate of landmark fuel efficiency standards and a looming confrontation with California and other major states.
A draft proposal circulated by the U.S. Transportation Department would freeze requirements at 2020 levels through 2026, but the administration is not expected to formally unveil the proposal until later this month or in June.
Major automakers reiterated this week they do not support freezing requirements but say they want new flexibilities and rule changes to address lower gasoline prices and the shift in U.S. consumer preferences to bigger, less fuel-efficient vehicles.
Automakers also want the White House and California to reach agreement on maintaining national standards, fearing a prolonged legal battle could leave them facing two different sets of rules and extended uncertainty.
Trump plans to tell automakers he is willing to support a freeze and challenge California but wants the industry to back the effort, a senior administration official said. He also wants to know if they want him to fight on their behalf, the official said.
Educational only and not trading advice (EO&NTA) Good trading to all
From the land of price frequency. All in ES, since the Feb top the most commonly traded price 2720 with a major low volume node below at 2700 and above at 2742. Could help to define next weeks range.
Interesting comment this morning by FT71. He said that after monitoring the accounts of many prop traders for several years Friday is the worst day of the week for many. In fact he said a lot of us would be better off just taking Friday off.