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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Trump Tweets Keep Market on Its Toes
This week, the big market news story should have been news the Fed’s decision on whether it would raise interest rates for the first time in a year. But this is not a normal week, nor is it a normal year.
Instead, Trump remains front and center, because he is, well, ……… being Trump. Not only is he telegraphing what he intends to focus as President, but he’s do so regularly with his tweets.
Following his indication he is tapping ExxonMobile CEO Rex Tillerson for Secretary of State, Trump took to the twittersphere Monday morning to bash the expense of the F-35 fighter plane, whose costs are “out of control.” In his usual head-snapping way, Trump has put forth a new course for U.S. activity to be presumably Big Oil while at the same time relatively down on Big Defense.
Oh, and shares of Lockheed, which makes the F-35 jet, were down 2.5% in the pre-market in the wake of Trump's latest tweet.
Later this week, Trump meets with chief executives of Apple AAPL, Microsoft MSFT, Oracle ORCL and others to discuss Big Tech policy going forward. If his recent comments are any indication, expect the President-elect not to mince words. Whether he tweets the results of the meeting will apparently be up to his discretion, as always.