The Hive's Kristen Scholer and Jon Kelly discuss the recent happenings in the White House. From Gary Cohn to Sam Numberg, President Trump seems to be losing many of his allies.
Vanity Fair's Bess Levin talks about how Gary Cohn's departure worries many who were under him at The White House as they are now facing the President alone. As far as what Cohn will do next, Levin's heard he will not be going back to Goldman Sachs, but could potentially open his own firm.
Plus, Sam Nunberg has been making the media rounds this week. Vanity Fair's T.A. Frank says if we learned anything from the Russia investigation is that if Mueller failed to find anything it won't be for lack of finding people to talk to. Frank believes this investigation is close to winding down.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
