Web Extra: Cuba Libre?
On Monday President Obama eased the way for U.S. telecommunications firms to do business with Cuba and relaxed some other restrictions on the communist-ruled island, opening a crack in a decades-old U.S. embargo.
As part of a major policy shift from the Bush administration's more hard-line approach to Havana, Obama lifted limits on family travel and money transfers by Cuban Americans in the United States to Cuba.
The decisions unveiled by the White House do not eliminate Washington's trade embargo against Cuba set up 47 years ago, but it does hold out the prospect for improving ties between the two longtime foes.
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Trader disclosure: On Apr 13th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (PBR), (TCK); Syemour's Firm Owns (RIG); Macke Owns (WFC), (AAPL), (WMT), (GS), (GE), (SDS); Najarian Owns (BX) CAll Spread; Najarian Owns (C) Call Spread; Najarian owns (GS) Call Spread; Najarian Owns (MAR) Calls; Najarian owns (PALM) Stock & Calls; Najarian Owns (RIO) Calls; Najarian Owns (XHB) Call Spread; Najarian Owns (PCU) Calls; FInerman's Firm Owns (AET), (AXP), (MSFT), (RIG), (PBR), (TBT), (UNH), (DYN); Finerman's Firm Owns (WFC) Preferred, (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (IYR), (MDY), (SPY), (USO), (BAC), (BBT), (WFC)