US: MNI POLITICAL RISK - Trump Hosts Rutte Amid NATO Uncertainty
Mar-13 13:30
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- President Donald Trump will host NATO Secretary General Mark Rutte at the White House today. The pair don't have a joint press conference scheduled, but reporters will be present at the top for a Q&A at around 12:20 ET 16:20 GMT.
- Trump announced a 200% tariff on EU alcoholic beverages in response to the bloc's countermeasures against his 25% global metals tariff.
- Commerce Secretary Howard Lutnick and USTR Jamieson Greer will meet today with Canadian officials angling for an offramp to this week’s trade war escalation.
- The chance of a government shutdown ticked up after Senate Minority Leader Chuck Schumer (D-NY) said Democrat senators should withhold their votes from the House-passed full-year funding measure.
- Bipartisan critics of the Senate Republican plan to use a “current policy baseline” to extend the 2017 TJCA warn the move could break the Senate and balloon the national debt.
- The White House director of legislative affairs said the White House is open to raising the debt limit outside of budget reconciliation.
- The Senate Banking Committee will mark up its first cryptocurrency bill.
- Trump is set to nominate Michelle Bowman as Wall Street's 'top cop'.
- Secretary of State Marco Rubio is in for a frosty reception at a G7 meeting in Canada today.
- Senate Republicans expressed doubt that Russia will back the Ukraine ceasefire framework.
- Poll of the Day: 48% of Americans think the economy is getting worse.
Full Article: US DAILY BRIEF
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MNI: CANADIAN DEC BUILDING PERMITS +11.0% MOM
Feb-11 13:30
- MNI: CANADIAN DEC BUILDING PERMITS +11.0% MOM
- CANADA RESIDENTIAL BUILDING PERMITS +21.2%; NON-RESIDENTIAL -5.9%
EQUITIES: Fresh record highs for European Indices
Feb-11 13:28
- A fresh record high in Cash SX5E, seems to be helping the futures (VGH5) through the overnight high, and a new record high here too.
- VGH5 is breaking the MNI Tech projection that was at 5381.13, and most Investors will now be watching for any potential test towards the Psychological 5400.00.
- Stoxx600 is now also edging to a new record, with a 546.68 high.
US: MNI POLITICAL RISK - Trump Adjusts Tariff Rate For Metals
Feb-11 13:21
- US President Donald Trump adjusted tariffs on all steel and aluminium products entering the United States to a flat 25%. The new tariff rate will go into effect at midnight tonight.
- China may look to target US tech companies to leverage a position ahead of expected negotiations with the US over trade policy.
- Trump indicated he may provide Australia with a tariff exemption.
- Japanese Prime Minister Shigeru Ishiba is confident an FDI pivot from China to the US can help Tokyo avoid tariffs.
- European Commission President Ursula von der Leyen said the action would trigger "firm and proportionate" countermeasures.
- House Speaker Mike Johnson (R-LA) is expected to outline his budget resolution at a Republican Conference meeting this morning.
- Congressional Republicans are willing to turn Elon Musk's DOGE spending cuts into legislation.
- Analysts are divided over whether Democrats are likely to use a government shutdown as leverage to oppose Trump’s agenda.
- The Senate is expected to confirm Tulsi Gabbard as Director of National Intelligence as soon as today.
- Federal Reserve Chair Jerome Powell will appear before the Senate Banking Committee at 10:00 ET 15:00 GMT.
- President Trump will meet with King Abdullah of Jordan at the White House today amid hardline rhetoric from Trump over the future governance and reconstruction of the Gaza Strip.
- Poll of the Day: Republican voters believe GOP lawmakers should push back against Trump when they disagree.
Full article: US DAILY BRIEF
