White House Rumors: Why a Gary Cohn Resignation Is Worrying Everyone
19 August, 2017, 05:25 | Author: Regina Lloyd
Cisco Systems shares fell four per cent, while Walmart was down 1.6 per cent after the retailer reported a drop in margins due to continued price cuts and e-commerce investments. 3M shares sunk 1.24 percent.
"These last few weeks of August; there are lot of people on vacation, so markets are not almost as liquid as they usually are", said Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio. Meanwhile, a Federal Reserve report showed manufacturing output fell 0.1 percent in July. London's benchmark FTSE 100 index dropped 0.6 per cent to 7,343.65 points compared with the close on Thursday. The attack follows the one in Barcelona on Thursday where suspected Islamist militant drove a van into crowds, killing 13 people and wounding scores of others.
National Economic Council Director Gary Cohn, who is Jewish, was also said to be offended by the president's reaction to the violence in Charlottesville, while new chief of staff John Kelly was disappointed by the president's attempt to equate neo-Nazis and counterprotesters.
If Cohn were to depart it would likely send shockwaves in the markets as tax reform and the new infrastructure plan would be put in serious jeopardy. Schwarzman organised a call on Wednesday for member executives to voice concerns after Trump's comments, and an overwhelming majority backed disbanding the council, two sources said. Meanwhile, the terror news was a reminder that geopolitical risks remain a threat, with nerves still raw after last week's escalation of tensions on the Korean peninsula.
Whether you agree or disagree with Trump's handling of the deadly episode, he's the one who elevated this into a political furor.
Still, some investors said the selloff is a temporary development. Strengthening in the domestic economy prompted the central bank to raise interest rates in July for the first time in almost seven years. Gold and tin were among the best-performing metals, and zinc traded near a 10-year high. With the steep drop, the index fell to a five-month closing low.
Dow Jones closed down by 0.35 percent, S&P 500 ended down by 0.19 percent, Nasdaq finished the day down by 0.09 percent.
But the euro later strengthened as the greenback declined. The Japanese yen strengthened 0.10 percent versus the greenback at 109.30 per dollar. Economists had expected production to rise by 0.3 percent.
The blue-chip CSI300 index rose 0.5 per cent, to 3,721.28, while the Shanghai Composite Index gained 0.7 per cent to 3,268.43 points. The local currency was little changed at 56.61 British pence from 56.78 pence.
Primary Health Care rallied 2.8 percent despite the company reporting a full-year loss, reflecting impairment charges related to its medical centers business.
Tokyo was also more than one percent down by the break, as the Nikkei also struggled in the face of the renewed strength of the yen against the greenback. One-year interest rate swaps have fallen almost 8 basis points from a one-year high hit in late June to 26 basis points on Friday, indicating dwindling rate expectations.
At the time, those included Etihad and its airport services subsidiary, Air Berlin, Alitalia , Air Serbia and Air Seychelles Ltd. Lufthansa is negotiating over buying Air Berlin planes, which are still flying following a 150m euro German government loan.
The organizer of the white nationalist rally that drew the large crowd of counter-protesters blamed law enforcement. Originally from Kentucky, Fields, moved to OH and lived in Maumee, according to the New York Times Sunday.
Policy-wise, we think the Bank of England will continue to look through the inflation data, leaving rates unchanged. While inflation has remained steady, it still sits above the Bank of England's 2% target.
Curtis, the mayor of Provo, Utah, earned 40.5% of the vote , while fellow Provo politician Christopher Herrod received 31.1%. While polling has shown a clear front-runner in the race, recent surveys have suggested a tightening contest.
Smith started the @YesYoureRacist Twitter account in October 2012, partly inspired by racism directed at President Barack Obama. There are flaws to it, of course. "He wasn't a ideal man, but I want to honour and respect what he stood for during his time".
Real secured a 5-1 aggregate win over their Clasico rivals thanks to a 2-0 second-leg victory at the Bernabeu . He also laid a potential third goal on a plate for Neymar who this time failed to beat the keeper.
Shapovalov's magical run in Montreal came to an end against the fourth-seeded Alexander Zverdev (6-4, 7-5) in the semifinal round. Now ranked third in the world, Roger played his first match on hardcourt in the build-up to the season leading to the U.S.
There have been no human cases in DeKalb County this year, but the department is urging residents to take preventative measures. Of the nearly 600 people who tested positive for the Zika virus since 2015 in California, none were infected locally.
It will be up to Guterres to decide whether to return the Saudi-led coalition to a child rights blacklist annexed to the report. The draft report on children and armed conflict, which still has to be approved by U.N.
Without a functioning Executive at Stormont, it is clear who the British Government are taking their lead from on Brexit . Meanwhile, the Irish government has insisted the on-going peace process must not become a factor in Brexit negotiations.
Queen Elizabeth II expresses sadness over Sierra Leone
Sierra Leone, a former British colony, meanwhile received condolences from Queen Elizabeth II, who said she was "deeply saddened". The president pointed out that Sierra Leone's economy was apparently doing well when Ebola struck and reversed every gain.
Eclipse live feed to be held at Southern Cayuga Planetarium
The Planetarium will give away 200 pairs of eclipse viewing glasses, with additional pairs available for purchase for $2. The Great American Solar Eclipse isn't until Monday, but it's not too soon to think about where you're going to watch it.