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https://talkingpointsmemo.com/news/bush-family-promised-wh-no-anti-trump-talk-funeral

Bush Family Promised WH There’d Be No Anti-Trump Talk At 41’s Funeral


President Donald Trump has handled the passing of former President George H.W. Bush with a level of normalcy and respect not demonstrated following the passing of Sen. John McCain in August, as Politico noted.

The White House released a statement promptly after his passing and Trump has showered the former president with praise on Twitter. He even stopped by the U.S. Capitol Monday evening with the first lady to pay his respects.

The change in tone is likely fueled Bush family assurances that the 41st President’s funeral would be free of political tension and the anti-Trump sentiment that permeated McCain’s funeral, the Washington Post reported.According to a former administration official who spoke to the Post, the Bush family contacted the White House this summer to welcome Trump to the funeral.

A person close to funeral planning told the Post that while the family had pure motives in inviting the Trumps, they also wanted to ensure the funeral was carried out according to the family’s wishes, including the use of Air Force One to carry his remains to and back from Washington, D.C.
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https://talkingpointsmemo.com/news/nielsen-on-safe-ground

Nielsen Keeps Job After Sucking Up To Trump On Caravan, Tough Facebook Posts


Department of Homeland Security Secretary Kirstjen Nielsen is expected to keep her job — following weeks of speculation — after publicizing her stronger stance on immigration in recent weeks, Politico reported.

A source close to Nielsen told Politico that her efforts at the U.S.-Mexico border against the caravan and her use of social media to prop up the President have bought her time. On Facebook, Nielsen posted lengthy statements in support of President Trump’s decision to send troops to the border and use tear gas on approaching migrants from the highly politicized caravan.

In a statement posted on Facebook following backlash over the tear gas usage, Nielsen took a page from Trump’s book, blasting the caravan organizers for using women and children as “human shields.”

“Instead of ‘a political stunt,’ as suggested by some, this was in fact the act of a leader concerned about the rule of law,” she said of Trump on Facebook.

Five people close to the administration told Politico that Nielsen has impressed Trump, who was considering nixing her in recent weeks because she wasn’t strong enough on immigration.
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https://talkingpointsmemo.com/dc/walker-signals-sign-off-republican-power-grab-bills

Scott Walker Signals He’ll Sign Off On GOP’s Power Grab Bills If They Pass

As Republican lawmakers in Wisconsin move forward Tuesday with plans to rush votes on bills to lock in their power during the lame duck session, outgoing Gov. Scott Walker is affirming he’s on board.

“For all the talk about reining in power, it really doesn’t,” Walker told reporters about Democrats’ complaints on Monday evening, according to the Milwaukee Journal-Sentinel.

The Republican governor signaled that he is willing to sign off on the wide-ranging package of bills before he leaves office Jan. 7.

Protests roiled the Capitol in Madison on Monday, as Wisconsin voters came out to express their opposition to the proposals. The Journal-Sentinel reported that after some 10 hours of testimony and debate, the Joint Finance Committee approved three bills that would transfer key powers from Democratic Gov.-elect Tony Evers and Democratic incoming Attorney General Josh Kaul to the GOP-controlled legislature.

Notably, the committee did not take up a proposal to move the date of the 2020 presidential primary in an involved maneuver intended to facilitate the reelection of a sitting Republican Supreme Court justice. Separating these two contests into two separate elections would cost Wisconsin taxpayers an estimated $7 million.

But the legislature is still planning to vote on a spate of controversial measures. Some would allow the legislature to substitute the attorney general with taxpayer-funded, hand-picked private attorneys when their laws are challenged in court; pack state boards with GOP-picked members; and curtail Evers’ ability to implement state laws.

Evers and Democratic-aligned groups have threatened to sue over some of these proposals, particularly one that would limit early voting to two weeks. A similar limit was found unconstitutional in 2016.

Tuesday is a pivotal day, with the Senate planning to take up the lame-duck bills on the floor in the morning. As the Journal-Sentinel reported, Republicans can only afford to lose one vote in the chamber, where they have an 18-15 majority. So even as the measures appear to be on a fast track towards Walker’s desk, their final fate is not yet clear.

Republicans in neighboring Michigan are taking similarly drastic steps to hold onto their power before January, when a Democratic governor, attorney general and secretary of state will assume office.
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https://talkingpointsmemo.com/news/dow-slides-700-points-us-stocks-drop-sharp

Dow Drops 700 Points As US Stocks Veer Sharply Lower Even After US-China Trade Truce

U.S. stocks veered sharply lower in afternoon trading Tuesday, pulling the Dow Jones Industrial Average down 700 points.

The wave of selling erased the market’s gains from a day earlier, when stocks rallied on news that the U.S. and China had agreed to a temporary truce in their trade dispute. Investors’ confidence in that truce appeared to falter Tuesday, contributing to renewed fears about a slowing global economy.

Technology companies, banks and industrial stocks accounted for much of the sell-off as traders moved assets into the relative safety of U.S. government bonds, driving yields sharply lower. Utilities stocks rose. Smaller-company stocks fell more than the rest of the market.

“You have the drop in bond yields and the implications on growth going forward,” said Willie Delwiche, investment strategist at Baird. “The bigger issue is you have this unwind from yesterday’s rally.”

The S&P 500 index slid 79 points, or 2.9 percent, to 2,710 as of 1:29 p.m. Eastern Time. The Dow plunged 730 points, or 2.8 percent, to 25,095, more than erasing its 488-point gain over the previous two trading days.

The Nasdaq composite lost 240 points, or 3.2 percent, to 7,201. The Russell 2000 index of smaller-company stocks gave up 51 points, or 3.3 percent, to 1,497. The index now has a loss for the year.

The sell-off came ahead of Wednesday’s closure of U.S. stock and bond markets in observance of a national day of mourning for former President George H.W. Bush.

The sharp turn in the markets followed a strong rally on Monday fueled by optimism over the news that President Donald Trump and his Chinese counterpart Xi Jinping had agreed at the G-20 summit over the weekend to a temporary, 90-day stand-down in the two nations’ escalating trade dispute.

But the market’s optimism faded Tuesday amid published reports questioning the scant details out of the Trump-Xi talks and growing skepticism that Beijing will yield to U.S. demands anytime soon.

“The actual amount of concrete progress made at this meeting appears to have been quite limited,” Alec Phillips and other economists at Goldman Sachs wrote in a research note.

Delwiche echoed those doubts.

“The sense is that there’s less and less agreement between the two sides about what actually took place,” Delwiche said. “There was a rally in the expectation that something had happened, the problem is that something turned out to be nothing.”

The trade dispute has rattled markets in recent months as signs emerged that it has begun affecting corporate profits. That’s stoked traders’ fears that if it drags much longer it could further weigh on global economic growth.

The jitters helped drive demand for government bonds Tuesday, pushing prices higher. The yield on the 10-year Treasury note fell to 2.91 percent from 2.99 percent late Monday, a large move. The slide in bond yields, which affect interest rates on mortgages and other consumer loans, weighed on bank stocks. Citigroup fell 5.4 percent to $61.63.

Chipmakers were among the biggest decliners in a technology sector slide. Advanced Micro Devices dropped 9.4 percent to $21.49, while Micron Technology lost 6.4 percent to $37.47.

Homebuilders fell after luxury homebuilder Toll Brothers issued a cautious assessment of the housing market. Toll’s shares rose 0.4 percent to $33.67, recovering from a morning sell-off. Hovnanian Enterprises led most builders lower, giving up 10.3 percent to $1.10.

Apple lost 3.7 percent to $177.99 after the consumer electronics giant was downgraded by HSBC analysts, citing the possibility that iPhone volume and value growth may moderate due to a saturated mobile phone market.

Discount retail chain Dollar General slid 8.2 percent to $102.54 after the company reported weak quarterly results.

AutoZone climbed 5.6 percent to $870.65 after the auto parts retailer delivered third-quarter earnings that exceeded analysts’ forecasts.

Oil prices headed higher ahead of an OPEC meeting on Thursday, where members are expected to agree to cut output in 2019. Benchmark U.S. crude rose 0.6 percent to $53.27 per barrel in New York. Brent crude, the international standard, added 0.9 percent to $62.22 per barrel in London.

The dollar weakened to 113 yen from 113.69 yen late Monday. The euro strengthened to $1.1349 from $1.1342. The British pound fell to $1.2727 from $1.2728 after a top official at the European Union’s highest court advised that Britain can unilaterally change its mind about leaving the EU as scheduled on March 29.

Markets in Europe also fell. Germany’s DAX lost 1.1 percent, while France’s CAC 40 dropped 0.8 percent. The FTSE 100 index of leading British shares slid 0.6 percent.

Major indexes in Asia finished mixed. Japan’s Nikkei 225 index gave up 2.4 percent and the Kospi in South Korea lost 0.8 percent. Hong Kong’s Hang Seng added 0.3 percent. The S&P ASX/200 in Australia gave up 1 percent.
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