It’s Christmas Eve.
Aside from Christmas Eve, it is also Monday, with the government still partially closed, with President Trump remaining in D.C., having cancelled his planned sixteen day vacation in Florida in light of the partial shut down and the stock market continuing it’s wild ride, despite Treasury Secretary Steven Mnuchin’s unusual attempt on Sunday to reassure the CEO’s of the six largest bank
CNN reports that “according to a person familiar with the calls,” the CEO’s of the worlds largest banks, were “totally baffled,” by Mnuchin’s call, finding the “encounter puzzling and largely unnecessary.”
The article goes on to say, that in early trading the Dow, dipped below “22,000,” but rebounded in late trading, but was still “about 200 points lower.”
As CNN notes, “Stocks are on pace for their worst December since the Great Depression. On Friday, the Dow ended its worst week since 2008. The Nasdaq is in a bear market.”
Christmas Eve also found President Trump tweeting, starting at 9:31 a.m..
1. It was only when I made it an important part of my campaign, because people and drugs were pouring into our Country unchecked, that they [Democrats] turned against it.
Politico reported Monday, that in 2013, the Democrats supported a failed immigration plan, that included $46 billion in spending for border security. This spending according to Politico earmarked $8 billion to be spent on a border fence.
2. To those few Senators who think I don’t like or appreciate being allied with other countries, they are wrong, I DO.
3. We are substantially subsidizing the Militaries of many VERY rich countries all over the world, while at the same time these countries take total advantage of the U.S., and our TAXPAYERS, on Trade.
“General Mattis,” resigned as Secretary of Defense on Thursday. On Sunday via Twitter President Trump announced that Deputy Secretary of Defense Patrick Shanahan will be acting Defense Secretary starting January 1st, 2019, as the News Blender, this is two months ahead of Mattis’ planned departure date.
4. Iran Nuclear Deal (now terminated) approved by Little Bob Corker.
In light of President Trump’s shocking unplanned withdrawal of the 2,000 ground troops stationed in Syria, the Envoy to the Coalition Fighting the Islamic State, Brett McGurk, resigned, telling his colleagues that he in good conscience could not support President Trump’s hasty actions.
In October 2016, the Los Angeles Times reported that “Donald Trump is right,” regarding the $1.7 billion that the U.S. paid Iran.
According to the article the Obama administration released the money early in 2016, settling “a decades-old legal claim between the two countries. An initial payment of $400 million was handed over on Jan. 17, the same day Iran’s government agreed to release four American prisoners.”
While originally the Obama administration denied the link between the released funds and the American prisoner release, they later admitted they were withholding the funds to pressure Iran into releasing the prisoners.
5. AMERICA IS RESPECTED AGAIN!
6. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!
As the News Blender reported on Wednesday the Senate passed a continuing resolution that funded the government until February 8th, but failed to gain support from House Republican’s or President Trump, as the C.R., did not include the $5 billion President Trump demanded for border wall funding.
President Trump on December 11th, said he was “proud,” to shutdown the government.
TRUMP: "Yes. If we don't get what we want, one way or the other…I will shut down the government. Absolutely. I am proud to shut down the govt for border security…I will take the mantle, I will be the one to shut it down. And I'm going to shut it down for border security." pic.twitter.com/61aBwpBoDy— Aaron Rupar (@atrupar) December 11, 2018
The Wall Street Journal reports that after “coming off the worst week since the 2008 financial crisis, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite fell for a fourth straight session Monday as investors continued to weigh the impact of rising interest rates, slowing U.S. growth, and the ramifications of a government shutdown extending into January.”
The article goes on to say that Treasury Secretary Mnuchin’s attempt to smooth market worries, might have had the opposite effect.
A chief market strategist with Prudential Financial, Quincy Krosby, who spoke with the Journal explained that while there have been situations where the Treasury Secretary has reached out to the private sector, the problem this time is Mnuchin’s comments, “made the papers, and says the government is very worried. It’s almost as if gravity is pulling this market toward a lower level before it bottoms out.”
The Dow fell 653.17 points, closing @ 21,792.20, to “notch its biggest four-day decline since 2015, while the S&P 500 slipped 65.52 points, or 2.7%, to 2351.10, putting it less than half a percentage point away from entering a bear market.”
7. I never “lashed out” at the Acting Attorney General of the U.S., a man for whom I have great respect.
Citing sources “familiar with the matter,” CNN reported Friday that President Trump had “at least twice in the past few weeks vented to his acting Attorney general, Matt Whitaker” regarding the Special Counsel Robert Mueller’s investigation and how it related to President Trump’s former lawyer, Michael Cohen.
Whitaker was appointed just days after Attorney General Jeff Sessions was resigned/fired.
President Trump was highly critical of Sessions who recused himself from overseeing the Russian investigation led by Special Counsel Robert Mueller.
President Trump has since informally nominated former Attorney General William Barr, to replace acting AG Whitaker, his formal nomination is expected after the first of January.
8. The complete Wall will be built with the Shutdown money plus funds already in hand.
9. See? Isn’t it nice when immensely wealthy countries help rebuild their neighbors rather than a Great Country, the U.S., that is 5000 miles away. Thanks to Saudi A!
There is more to come on this tweet in a separate article.
10. I am all alone (poor me) in the White House waiting for the Democrats to come back and make a deal on desperately needed Border Security.
As was mentioned further up in this article, Senate Republican’s and Democrats reached a C.R., that funded the government until February 2019. House Republican’s refused to back the Senate C.R., as it did not specifically fund President Trump’s border wall.
The Senate adjourned on Saturday due back in D.C., on the 27th of December.
11. Christmas Eve briefing with my team working on North Korea – Progress being made. Looking forward to my next summit with Chairman Kim!
This was the first tweet from President Trump that mentioned Christmas Eve.