As bad as last week was for Donald Trump, the wee
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Posted On: 12/24/2018 4:00:05 PM
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As bad as last week was for Donald Trump, the weekend was worse.
https://www.bloomberg.com/
Condemnation of his move to pull troops from Syria and fear over the departure of Jim Mattis still resonate, with only a few (led by Vladimir Putin) praising the retreat.
At home, the president explored whether he could fire Fed Chairman Jerome Powell, news of which sent White House staff scrambling. Trump blames the Fed for spiraling indexes and makes it a big target of his Twitter ire.
It turns out, though, that he has a very personal stake in every move the Fed makes. —David E. Rovella
Here are today's top stories
It looks like Santa has some coal for your 401(k). Meddling with the Fed, the trade war, the shutdown—the news for Wall Street is all bad. Even a round of calls to banks and regulators by Treasury Secretary Steve Mnuchin, made from the Mexican resort of Cabo San Lucas, didn't help.
Oh, and just in case you were hoping for a Christmas miracle, the bloodletting will probably resume Wednesday. It was the worst Christmas Eve for markets on record, and the S&P 500 is one bad session away from ending the bull market.
Trump, however, is winning, his advisers say. To have a chance in 2020, he has to keep his base happy and make sure 34 Republican senators don't vote to convict him if he's impeached. His strategy aims at both.
Crypto evangelists say 2019 will witness a turnaround for the digital funny money. But Wall Street isn't so sure, as the big banks back away.
China moved to boost consumer spending with another round of tariff cuts on more than 700 goods.
OPEC hasn’t even started implementing a six-month deal to prop up oil prices and its already planning to extend, or even deepen, production cuts.
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