US stock futures headed lower as President Trump continues to disrupt the government and Elon Musk, director of the DOGE agency, defends the administration’s approach to cost cutting. Fed Chair Jerome Powell signaled restraint in making further cuts to the interest rate, pausing a rally in gold. The Trump Trade playbook is breaking down according to Henry Allen of Deutsche Bank, who remains fundamentally bullish for risk. Jose Torres of Interactive Brokers thinks nobody is talking about the disinflationary effects on shelter caused by Trump’s immigration crackdown. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
US Stock Futures Dip As Musk Defends DOGE Downsizing, Powell Testifies
Date:
More like thisRelated
Tampa RV giant Lazydays to delist from Nasdaq
Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...
Granite Geek: New Hampshire might get access to ‘balcony solar’
I had solar panels put on my roof six...
TSX Today: What to Watch for in Stocks on Monday, November 10
Despite firm gold and silver prices, Canadian stocks...
While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!
As market-wide fear grips the sector, the Binance Coin...