Saturday, January 21, 2017

Today's Headlines

  • EU Populists See Trump Victory as Beginning of End for Old Order. Europe’s populist right predicted Donald Trump’s entry into the White House will herald the end of the old way of doing business in the west, as the continent’s leaders wrestled with how to deal with the new president. Anti-establishment politicians including Marine Le Pen, head of the National Front in France, and Geert Wilders of the Dutch Freedom Party echoed the combative language of the new U.S. president’s inaugural address at a celebratory rally in Koblenz, western Germany, on Saturday while Chancellor Angela Merkel was trying to reassure her supporters at a meeting in the country’s industrial heartland.
  • Britain’s May, Mexico’s Pena Nieto to Meet With Trump This Month. British Prime Minister Theresa May and Mexican President Enrique Pena Nieto will make visits to the U.S. this month to meet with President Donald Trump, White House officials said. May will meet with Trump on Friday, White House Deputy Press Secretary Sarah Huckabee said on Saturday. Pena Nieto will meet with Trump on Jan. 31, said White House Press Secretary Sean Spicer. Neither provided further details on the meetings. Trade, immigration and Trump’s campaign promise to build a wall on the southern U.S. border loom large in the president’s relations with Mexico. Britain’s exit from the European Union, the campaign against Islamic State terrorism, the Syrian civil war and sanctions against Russia are key issues in relations between the Trump administration and Britain.
  • Japan’s Abe Wants to Strengthen ‘Unshakable’ Ties With U.S. Japanese Prime Minister Shinzo Abe said he wants to strengthen his nation’s unshakable ties with U.S. by working with President Donald Trump, according to a statement released on his office website Saturday. Abe said that with the Asia-Pacific security becoming increasingly severe, the two nations’ alliance is becoming even more important. The region is a driver of global growth, he said. The Japanese premier said he wants to meet with Trump as soon as possible. Abe is at the final stages of arranging a meeting with the new U.S. president as soon as the first half of February, public broadcaster NHK reported Saturday, without saying where it got the information.
  • Kate Spade Said to Attract Interest From Coach, Michael Kors.
Wall Street Journal:
  • Had bullish commentary on (ZBH), (YHOO), (GOOGL), (GME), (CNHI), (HRI) and (DHI).
  • Had bearish commentary on (DIS).
Fox News:
  • Trump to oversee ‘fiscal bloodbath’ instead of prosperity, says Reagan OMB director. (video) Stockman explained that in the early 80's when Reagan took office, debt was at a $1 trillion which equaled around 30 percent of U.S. GDP. Now, 35 years later, debt is nearing $20 trillion, or what could translate to 105 percent of GDP. In other words, Reagan had a lot more room to maneuver with respect to the debt, while Trump could find himself hampered by rising debt.
Zero Hedge:

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