NEC Director Hassett says they have been in touch with big banks on credit cards, there will be great new "Trump Cards"; does not think legislation will be needed on credit cards
Newsquawk Staff ·
- Idea on MBS plan is to get lower spreads on mortgages.
- Will be going to Davos with Trump.
- Trump to unveil plan for 401(k) for home down payments.
- Independence of the Fed is essential for economic stability.
- Hopes there is "nothing to see here" on DoJ Fed investigation.
- Expects there's nothing to see on Fed cost overrun, wish they had been more transparent.
- Warsh and Rieder would be great Fed Chairs.
- If he took the Fed Job, he would commit to transparency.
- Thinks trump can put 10% tariff on right away after SCOTUS rules.
- Trump is talking with congress leaders on reconciliation.
What it means
Hassett's comments suggest a focus on new financial initiatives linked to Trump, which could signal potential volatility in the markets, particularly in banking and credit sectors. His remarks on the Fed's independence and transparency underscore ongoing concerns about monetary policy, potentially affecting USD valuation and market sentiment. The mention of a 10% tariff indicates a possible shift in trade policy, which could have wider implications for risk assets and currency flows.
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-16
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
Related headlines
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 days ago
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist5 days ago
- Newsquawk Daily Economic Releases - 4th November 20265 days ago
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)5 days ago
- US and Venezuela discuss fresh aluminium cargo amid trade revival, reports Bloomberg5 days ago
- Meta (META) launches USD 15bln 5-parter: 5yr, 7yr, 10yr, 20yr, 30yr5 days ago
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings5 days ago
- Advanced Micro Devices Inc. (AMD) Q3 2026 (USD): Adj. EPS 2.09 (exp. 1.95), Revenue 13.4bln (exp. 13.1bln)5 days ago
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet5 days ago
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)5 days ago
- Arista Networks Inc. (ANET) Q3 2026 (USD): Adj. EPS 1.20 (exp. 1.08), Revenue 3.66bln (exp. 3.33bln)5 days ago
- Booking Holdings Inc. (BKNG) Q3 2026 (USD): Adj. EPS 4.66 (exp. 4.49), Revenue 8.9bln (exp. 9.55bln)5 days ago
- Super Micro Computer Inc. (SMCI) Q1 2027 (USD): Adj. EPS 1.81 (exp. 1.20), Revenue 19.9bln (exp. 16.02bln)5 days ago