Economy

Cohn to Remain in White House

Cohn to Remain in White Houseā€

His criticism of removals of U.S. Confederate monuments that celebrate defenders of slavery sent shivers through markets as investors bet that the stance would hurt Trump's ability to build enough consensus to deliver growth boosts such as tax reform and stimulus spending.

"While this mini correction we're seeing may not amount to much, it's probably caused by this escalation in doubt of all of these things that seemed hopeful to investors at the beginning of the Trump administration", said J. Bryant Evan, investment advisor and portfolio manager at Cozad Asset Management, in Champaign, Illinois.

We're certainly sympathetic to the apprehension regarding the composition of the administration and the spate of high level defections (blue chip CEOs) has raised a number of questions about Trump's effectiveness as the budget and debt ceiling debates quickly approach.

A memorial service was held on Wednesday in Charlottesville for 32-year-old Heather Heyer, killed when a auto plowed into the anti-racism protesters. Rooney, like many others, blasted Trump's remarks, and said it may fall on the business community to provide the leadership Trump is not.

He also has lashed out at his critics in the Republican Party, aiming angry tweets at Sen.

Cohn was displeased with Trump's comments, though sources say he is remaining for now.

Trump largely rejected the condemnation during a press conference Tuesday, when he said members of what he deemed the "alt-left" were also to blame for the violence.

The market had been on edge since last week after tensions between the United States and North Korea flared up, with nuclear-armed Pyongyang threatening to fire missiles near the U.S. Pacific island territory of Guam.

In London, British Prime Minister Theresa May offered a rare rebuke of Trump from so close a US ally.

The US Dollar dipped against the Japanese Yen in Asian trading as investors' fears grow over President Trump's inability to move his economic policy agenda forward.

U.S. Army Chief of Staff General Mark Milley wrote on Twitter, "The Army doesn't tolerate racism, extremism, or hatred in our ranks".

Their comments followed similar ones from the top officers of the Navy and Marine Corps.

"There were people in that rally - and I looked the night before - if you look, there were people protesting very quietly the taking down of the statue of Robert E. Lee". Some wore helmets. Counter-protesters came equipped with sticks, helmets and shields. Trump has relied on him for advice during meetings with chief executives, and he is often by Trump's side during worldwide summits. Critics have accused him of harbouring anti-Semitic and white nationalist sentiments. Yields fell even as some economic reports were stronger than expected Thursday morning.

Several business leaders have since resigned from his advisory councils and a White House official said plans for an infrastructure council had been dropped.



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