S&P, Dow tumble to worst losses in three months

S&P, Dow tumble to worst losses in three months

National Australia Bank head of foreign exchange strategy, Ray Attrill, said in an economic note that there were real concerns Mr Trump's big economic plans would not eventuate.

Heyer was killed Saturday when a vehicle plowed into a group of counter-protesters. A 20-year-old OH man said to have harbored Nazi sympathies has been charged with murder.

"The one thing that's been said, even by people who don't favor the president, is that, 'Well, at least he's surrounded himself with some very capable people: The generals that he has, Wilbur Ross , Mnuchin ,'" Cashin said.

We're certainly sympathetic to the apprehension regarding the composition of the administration and the spate of high level defections (blue chip CEOs) has raised a number of questions about Trump's effectiveness as the budget and debt ceiling debates quickly approach.

"Racism and murder are unequivocally reprehensible and not morally equivalent to anything else that happened in Charlottesville", Morrison said. He said if JPMorgan Chase CEO Jamie Dimon had spoken out sooner other leaders would have followed suit much faster. Recently employed to ram a strand of military discipline through the chaotic White House he stood, arms crossed, staring at the ground, his face fixedly blank.

Trump felt vindicated following that presser, according to the Washington Post.

The Strategic and Policy Forum was meant to advise Trump on how government policy impacts economic growth, job creation and productivity.

Rather than a single catalyst, a range of worries prompted investors to take profit, including the US relationship with North Korea, the Barcelona attack, as well as domestic turmoil, according to Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas.

The New York Times White House correspondents Maggie Haberman and Glenn Thrush tweeted Tuesday that Cohn is upset with the president's comments over the past four days, but is not planning to leave the administration.

Trump's campaign promises of tax cuts and higher infrastructure spending had helped the market rally, with the S&P climbing about 14 percent since the election.

Few public figures have voiced support for Trump over his response to the violence.

Vice President Mike Pence went before the cameras Wednesday during a visit to Santiago, Chile, to tell reporters "I stand with the president" in the aftermath.

The White House official denied reports, saying, "Nothing has changed".

Also, when rumors emerged Thursday about a possible resignation of the chief economic adviser of the White House, Gary Cohn, the markets are a little more alarmed.

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