Will President Trump Make A Wise Decision or a Dangerous One?

Trump almost took the country to the abyss, but instead he stopped and made the smarter choice. Instead of giving Bannon a rubber stamp on the national security council he gave the national security state a man they trust and respect.

General known for sharp questions will be Trump's new top security adviser - Reuters

Breaking Stock Market and Financial News

Arista Networks shares rally as results, outlook top Street views

MarketWatch Market Pulse - Thu, 02/16/2017 - 16:34

Arista Networks Inc. shares rallied in the extended session Thursday after the cloud-networking software company's quarterly results and outlook topped Wall Street estimates. Arista shares surged 9.3% to $109.48 after hours. The company reported adjusted fourth-quarter earnings of $1.04 a share on revenue of $328 million. Analysts surveyed by FactSet had forecast earnings of 82 cents a share on revenue of $317.1 million. For the first quarter, Arista sees revenue of $320 million to $330 million, while analysts have estimated $304.7 million. Arista's results come after its larger competitor Cisco Systems Inc. reported healthy growth in software revenue late Wednesday.

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WebMD stock halted, company may sell itself

MarketWatch Market Pulse - Thu, 02/16/2017 - 16:08

Shares of WebMD Health Corp. were halted late Thursday after the online company said it had started to look into "strategic alternatives," which could include selling itself or part of itself. WebMD has no timeline for the process and has made no firm decision, the New York-based company said in a statement. The stock ended the regular trading day up 0.4%.

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Dow extends record-setting streak as S&P 500, Nasdaq slip

MarketWatch Market Pulse - Thu, 02/16/2017 - 16:04

The Dow Jones Industrial Average closed at a record for a sixth session in a row while the broader market faltered on weak energy and consumer discretionary shares. An announcement by President Donald Trump that a new health plan to replace the Affordable Care Act is likely by March ahead of his proposed tax reform also dampened sentiment. Investors had been bidding up stocks in anticipation of Trump's tax cuts which are widely viewed as pro-business and supportive of the economy. The Dow rose 8 points to finish at 20,620. The S&P 500 fell 2 points to close at 2,347 while the Nasdaq Composite Index dropped 4 points to close at 5,814.

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Oil prices end higher after intraday turnaround

MarketWatch Market Pulse - Thu, 02/16/2017 - 14:39

Oil prices settled modestly higher Thursday, as a report that the Organization of the Petroleum Exporting Countries may extend its production cut agreement with non-OPEC members, helped prices rebound from earlier losses. The news from Reuters was seen as a "bullish development as traders were beginning to have doubts about future compliance among those who agreed to cut production, especially in the face of rising U.S. output," said Tyler Richey, co-editor of The 7:00's Report. March West Texas Intermediate crude rose 25 cents, or 0.5%, to settle at $53.36 a barrel on the New York Mercantile Exchange.

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Trump taps ex-labor board member Acosta to be labor secretary

Top Reuters News - Thu, 02/16/2017 - 14:16
WASHINGTON (Reuters) - President Donald Trump on Thursday nominated former National Labor Relations Board member R. Alexander Acosta to serve as U.S. secretary of labor, one day after Trump's original choice withdrew.

U.S. Justice Dept says Trump to replace travel ban order in near future

Top Reuters News - Thu, 02/16/2017 - 14:11
SAN FRANCISCO (Reuters) - The U.S. Justice Department said on Thursday President Donald Trump would replace his executive order suspending travel from seven Muslim-majority countries "in the near future," according to a court filing.

Trump says health care proposal coming in March

MarketWatch Market Pulse - Thu, 02/16/2017 - 14:02

WASHINGTON (MarketWatch) -- President Donald Trump said Thursday his administration would be submitting a health care proposal in March. Trump campaigned on repealing and replacing the Affordable Care Act. He said a health care plan would come before tax reform.

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Gold futures finish at a more than 3-month high

MarketWatch Market Pulse - Thu, 02/16/2017 - 14:01

Gold futures climbed Thursday to finish at their highest level in more than three months. Weakness in the U.S. dollar and equities and a decline in Treasury yields combined to lift investment demand for the metal. April gold rose $8.50, or 0.7%, to settle at $1,241.60 an ounce, the highest finish for a most-active settlement since Nov. 10, according to FactSet data.

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Trump says sought Flynn's resignation over statements to Pence

Top Reuters News - Thu, 02/16/2017 - 14:01
WASHINGTON (Reuters) - President Donald Trump said on Thursday that he asked for the resignation of former National Security Adviser Michael Flynn because he was not happy with the way he had communicated information to Vice President Mike Pence.

Trump nominee for Israel ambassador heckled, questioned at Senate

Top Reuters News - Thu, 02/16/2017 - 13:56
WASHINGTON (Reuters) - President Donald Trump's nominee to be U.S. ambassador to Israel faced repeated heckling at a Senate confirmation hearing on Thursday before he apologized for his stinging criticism of liberal American Jews and promised to be less inflammatory in an official capacity.

France says U.S. position on Middle East peace 'confused and worrying'

Top Reuters News - Thu, 02/16/2017 - 13:55
BONN, Germany (Reuters) - France considers the U.S. position on the Israeli-Palestinian conflict "confused and worrying", its foreign minister said on Thursday, reacting to U.S. President Trump's dropping of the America's commitment to a two-state solution.

New Jersey judge again backs 'Bridgegate' complaint against Christie

Top Reuters News - Thu, 02/16/2017 - 13:53
NEW YORK (Reuters) - A New Jersey judge has ruled for the second time that a citizen's criminal complaint against Governor Chris Christie over the "Bridgegate" scandal can move forward.

Trump's defense chief sees no military collaboration with Russia

Top Reuters News - Thu, 02/16/2017 - 13:48
BRUSSELS (Reuters) - U.S. President Donald Trump's defense secretary on Thursday said he did not see possible military collaboration with Russia now, in a blow to Moscow's hopes to mend ties with Washington after Trump's election.

Trump says he told Justice Department to probe media leaks

MarketWatch Market Pulse - Thu, 02/16/2017 - 13:39

WASHINGTON (MarketWatch) -- President Donald Trump said Thursday he has asked the Justice Department to probe leaks from his administration to the media. "We are looking into that very seriously. It's a criminal act," Trump said at a White House news conference.

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Trump says Flynn dismissal was due to how NSC chief relayed info to Pence

MarketWatch Market Pulse - Thu, 02/16/2017 - 13:33

WASHINGTON (MarketWatch) -- For the first time, President Donald Trump articulated the reasons he accepted the resignation of Mike Flynn as head of the National Security Council. Trump said it was because of how Flynn recounted his conversation with the Russian ambassador to Vice President Mike Pence, and Flynn's later account that he couldn't remember. Trump added that another reason he accepted Flynn's resignation is that he had someone in mind to replace him.

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Touting 'fine-tuned machine,' Trump incorrectly states magnitude of election victory

MarketWatch Market Pulse - Thu, 02/16/2017 - 13:29

At a rambling press conference ostensibly called to announce the new nominee to be labor secretary, Alexander Acosta, President Donald Trump falsely stated the magnitude of his Electoral College victory as he recounted his postelection actions and called his cabinet a "fine-tuned machine." He called the victory the largest since Ronald Reagan, but Barack Obama and Bill Clinton twice topped the 304 Electoral College votes Trump received, as did George H.W. Bush. Asked about the falsehood, Trump, who stated repeatedly that he had won 306 electoral votes, initially said he meant only Republican presidential wins, then said "he was given that information." Trump said he will unveil a new executive order next week "to protect our people."

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House Speaker Ryan says plan for ACA repeal and replace to be introduced later this month

MarketWatch Market Pulse - Thu, 02/16/2017 - 13:05

House Speaker Paul Ryan said Thursday that Republicans plan to introduce legislation for the repeal and replacement of the Affordable Care Act after Feb. 20, or President's Day. The House of Representatives' first day back in session is Feb. 27, according to its calendar. The timing is this way because "we're waiting for our scores" from the Congressional Budget Office and the Joint Committee on Taxation, Ryan said. "Pending our drafting issues, we're going to be bringing it out after the... district work period," or the period between Feb. 21 and Feb. 24 during which representatives are supposed to travel home for constituent issues. Ryan did not elaborate during Thursday's press conference about the details of the replacement plan, but his statement comes in contrast with reports from a Philadelphia retreat last month that Republican lawmakers could not agree on the plan's specifics. Ryan's announcement this week comes on the heels of a Humana announcement that the company plans to withdraw from the ACA's exchanges and a Wednesday statement by Aetna Chief Executive Officer Mark Bertolini that the health law was in a "death spiral."

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Alexander Acosta to be Trump's labor secretary nominee, reports say

MarketWatch Market Pulse - Thu, 02/16/2017 - 12:01

Alexander Acosta, a former U.S. attorney and National Labor Relations Board member, will be President Trump's nominee to be labor secretary, NBC News and Reuters reported. Trump's original pick for the job, Andrew Puzder, withdrew his name from consideration on Wednesday.

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Trump, announcing he will name labor secretary nominee, says will find leakers

MarketWatch Market Pulse - Thu, 02/16/2017 - 11:25

WASHINGTON (MarketWatch) -- At a meeting with congressional Republicans, President Donald Trump said he will name a nominee to replace Andrew Puzder, who withdrew as Trump nominee to head the Labor Department on Wednesday. Trump also said leakers will be found and will "pay a big price," a reference to those who told the press about the calls that national-security adviser Michael Flynn had with the Russian ambassador.

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Senate confirms Mulvaney, Trump choice OMB director

MarketWatch Market Pulse - Thu, 02/16/2017 - 11:18

WASHINGTON (MarketWatch) - The Senate confirmed Mick Mulvaney as President Donald Trump's choice to run the Office of Management and Budget in a narrow 51-49 vote. Sen. John McCain was the lone Republican to vote against Mulvaney owing to efforts by the former congressman to cut military spending and pare down the deficit. The OMB director plays a big role in advising the White House on spending and other financial matters.

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