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via @daveweigel
Fun fact: The 2001 Bush tax cuts passed in the House with every Republican and 13 Democrats voting yes.The 2017 Trump tax cuts passed with every Democrat and 13 Republicans voting no.
^^^ +3 … THANK YOU for excellent insight of forthcoming short week of trading …. Hopefully if we can keep our “CHIEF” awake between the hours of 2-4 pm EDT — some “bucks” will in turn, be passed to our 401K accounts as well 🙂
[size=5]and the VAMPIRE SQUID team 😉 … Notes that 2018 will be a GREAT YEAR 🙂
https://www.cnbc.com/2017/11/17/goldman-sachs-says-2017-was-surprisingly-good.html%5B/size%5D
At the close
Dow +0.31% to 23,431.89. S&P +0.13% to 2,582.42. Nasdaq +0.12% to 6,790.05.
Treasurys: 30-year -0.1%. 10-yr -0.19%. 5-yr -0.15%.
Commodities: Crude -0.55% to $56.40. Gold -1.45% to $1,277.69.
Currencies: Euro -0.5% vs. dollar. Yen +0.47%. Pound -0.17%.Janet L. Yellen will step down as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair
Yellen to be replaced as Fed chairman by Lawrence Powell, but her term on the Board of Governors doesn’t expire until 2024.
The move means one more vacancy to be filled.$GE’s stock falls (-1.26%) after Moody’s says ‘mounting’ challenges outweight dividend cut benefit
Moody’s says any cash flow benefit from the halving of the dividend will be outweighed by “mounting end-market challenges.”
The agency expects “severe deterioration” in GE’s power business at least through the end of 2019, continued weakness in oil and gas, and struggles in transportation.
Nebraska regulators voted their approval on Monday for TransCanada Corp’s Keystone XL pipeline route through the state, lifting the last big regulatory obstacle for the long-delayed project that U.S. President Donald Trump wants built.
The 3-2 decision by the Nebraska Public Service Commission helps clear the way for the proposed 1,179-mile pipeline linking Canada’s Alberta oil sands to U.S. refineries, but is likely to be challenged in court by the project’s opponents who say it poses an environmental risk.
The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc, saying the deal could raise prices for rivals and pay-TV subscribers.
The lawsuit is the first major challenge to a merger by the administration of U.S. President Donald Trump, who has repeatedly criticized Time Warner’s CNN news unit and announced his opposition to the deal last year, saying it would concentrate too much power in AT&T’s hands.
MarketWatch
Janet Yellen was a true populist, representing the interests of ordinary people
Opinion: Janet Yellen’s true legacy is her focus on middle-class wages
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