President Donald Trump held a conference call Wednesday with top executives of three major Wall Street banks as the stock market plunged and the bond market sent a recession signal, Bloomberg reported Friday. Trump held the call with JPMorgan Chase & Co.'s JPM, +2.40% Jamie Dimon, Bank of America Corp.'s BAC, +2.97% Brian Moynihan, and Citigroup Inc.'s C, +3.52% Michael Corbat, the report said.
Stocks tumbled Wednesday, with the Dow Jones Industrial Average DJIA, +1.20% falling 800 points, or 3.1%, to log its biggest one-day percentage drop of the year, while the S&P 500 SPX, +1.44% dropped 2.9%, as the yield on the 10-year Treasury yield briefly dipped below the 2-year note yield, a phenomenon seen as a potential warning of a future recession.
Next week expect FED and all these Bankers to take turns jawboning about 'strong' US Economy Promise more ratecuts issue buy recommendations and persuading investors to become bagholders Cutting rates only proves our Economy is on life support heading towards Recession
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Trump called the CEOs of the biggest US banks on Wednesday as the stock market plungedPresident Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation. Did they all conclude he was the problem? If not, I don’t think they’re qualified for the job. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! It's a shame realDonaldTrump hasn't had to have the Fed print money to keep the stock market propped up like Obama did for 8 years. DemsRGhettoPimps
Source: CNBC - 🏆 12. / 72 Read more »
Trump held conference call with big bank CEOs amid market turmoil: sourceTrump held a conference call with the CEOs of the three largest Wall Street banks as financial markets were in turmoil - source Did he stamp his foot? Stock market up 315+ today CHAOS IS GOOD FOR CASH FLOW!!!
Source: Reuters - 🏆 2. / 97 Read more »
Trump Spoke With Banking Chiefs Wednesday as Market FellPresident Trump held a conference call with the chief executives of three major U.S. banks on Wednesday, the day the stock market saw a precipitous drop and the configuration of interest rates prompted fears of a potential coming recession, according to people familiar with the matter. Trumpian Brand Management: as predicted, an incompetent White House begins to crater the economy, squandering an eight-year recovery gifted by the previous administration. getting plans together for digital currency release
Source: WSJ - 🏆 98. / 63 Read more »
Trump held a call with top Wall Street execs as markets tumbled WednesdayTrump has publicly maintained a rosy view of the economy despite ongoing trade tensions, which contributed to stock-market turbulence this week. That explains the crash. dumbdumb
Source: BusinessInsider - 🏆 729. / 51 Read more »
Aides got Trump to delay tariffs by telling President it could 'ruin Christmas'Under pressure from retailers to prevent a move that would likely have caused prices of popular consumer goods to spike, aides cautioned the new tariffs could effectively 'ruin Christmas,' according to people familiar with the matter Wait a second - I thought CHINA was paying for these tariffs and the American people are NOT. So how can this possibly affect the American people if the tariffs do not affect them Stop hiding behind 'according to people familiar with the matter' or different variations of this BS. Name the bastards who said this. Ruined CHRISTMAS 2018 w/ longest Gov't shutdown in history.
Source: CNN - 🏆 4. / 95 Read more »
A polarising president: Donald Trump wants to buy GreenlandDonald Trump’s interest in Greenland may have as much to do with minerals as with geopolitics Well, Russia could take over Greenland and let the Russians enjoy those minerals. Who is going to stop them. NO one. Make Greenland Great Again. Imagine Trump in that sweet little house.......
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