Connect with us

Newsletters

The Capitalist Newsletter – February 13, 2017

Published

on

AS MNUCHIN WAITS FOR CONFIRMATION, GARY COHN LEADS TRUMP’S ECONOMIC POLICY TEAM


Three weeks into Donald Trump’s tenure as president, there’s still no Council of Economic Advisors. Instead of providing policy coordination, the CEA offers economic analysis to the president, so it’s a little odd to not have a team of economists ready to advise Trump on day one. However, that may change soon as one advisor has stepped to the forefront of the president’s economic team: registered Democrat and Goldman Sachs alum Gary Cohn. What does Cohn bring to the table? What can we expect from Cohn in regards to Trump?

Read The Capitalist’s Take Here

Read More at Wall Street Journal

Read More at CNBC


NORTH KOREA LAUNCHES BALLISTIC MISSILE TEST; CALLS IT A SUCCESS

North Korea fired a ballistic missile Sunday, South Korean and US officials said, in the first such test by Pyongyang since US President Donald Trump took office. The missile, which sources said landed in the Sea of Japan, was fired as Japanese Prime Minister Shinzo Abe visited President Trump in the United States.

Read More at CNN Here

Read More at Reuters Here

Read More at Bloomberg Here

Raven_Steel_Ad-04
Raven_Steel_Ad-07

FEDERAL APPEALS COURT UNANIMOUSLY RULES AGAINST TRUMP’S TRAVEL BAN 3-0

A federal appeals panel has maintained the freeze on President Trump’s controversial immigration order, meaning previously barred refugees and citizens from seven majority-Muslim countries can continue entering the United States. In a unanimous 29-page opinion, three judges from the U.S. Court of Appeals for the 9th Circuit flatly rejected the government’s argument that suspension of the order should be lifted immediately for national security reasons, and they forcefully asserted their ability to serve as a check on the president’s power.

Read More at Washington Post

Read More at Wall street Journal Here

Read More at CNN Here


Closing Bell

– Friday, February 10th

Markets Close UP and Set Record Highs for Second Day in a Row as Investors Remain Optimistic About Trump’s Tax Reform Promises

Big Insider Trades

– The Blackstone Group L.P. (BX) Director Bennett Goodman Liquidates Shares, Sells $19.25m Over 3 Days

– Arconic, Inc. (ARNC) Stakeholder Elliott International Buys $3.5m

Winners & Losers

– Sears Holdings Corp. (SHLD) Jumps UP (25.63%) After Sears and Kmart Drop Ivanka Trump’s Brand from Shelves

– Yelp Inc. (YELP) Slips DOWN (13.64%) After Slightly Lowered Guidance Following a Strong Q4 Report

The TIP Sheets

– Friday, February 10th

– Activision Blizzard, Inc. (ATVI) Surges UP (18.88%) After Having its Best Year Ever Due to Unexpectedly Strong Q4 Results and a Share Buyback Announcement. Expect Shares to Continue UP

Unusual Volume

– Twitter, Inc. (TWTR) Slips DOWN (5.06%) on 73m Shares Traded After Being Downgraded by at Least 5 Analysts Following Another Disappointing Earnings Report.Expect Shares to Continue DOWN

Click to comment

Leave a Reply

Your email address will not be published.

Continue Reading

Subscribe To Our Newsletter:



Copyright © 2020 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

[email]
[email]