In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
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The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
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Amazon's PillPack was informed this week that it will soon be cut off from patient medication data, according to people familiar with the matter.Technologyread more
An Israeli cybersecurity company has reportedly developed spyware that can scrape data from the servers of Apple, Google, Facebook, Amazon and Microsoft products.Technologyread more
House Speaker Nancy Pelosi is rejecting the White House's most recent debt ceiling proposal, Bloomberg reports.Marketsread more
The country's Revolutionary Guards say they will soon releasePoliticsread more
The U.S. stock market should move higher from near-record current levels, says the co-founder of the world's largest money manager.Marketsread more
On Sunday, Trump blamed the Tennessee Republican for the Obama administration's nuclear deal with Iran. He also suggested that Corker actively pursued a re-election endorsement from Trump and a top-ranking Cabinet post.
In response, Corker blasted the White House, tweeting that it had become an "adult day care center" and saying that someone "missed their shift."
"I do think it makes it somewhat more difficult," Cashin, UBS director of floor operations at the New York Stock Exchange, said in an interview on "Squawk on the Street. " "But we never have a weekend without a surprise out of Washington."
"This market — the rally — has been living on hope and the hope is you'll actually get something done in Washington," Cashin said. "It's hard to believe. They look they couldn't agree on what time of day it is."
Stocks were little changed Monday. The Nasdaq composite hit a record high and the Dow Jones industrial average also posted an all-time high.
Cashin said Monday's session has a "15 percent chance of being the slowest full trading day of the year" as the bond market and banks shut down for the Columbus Day holiday. "You also have a holiday in Tokyo and you have another one in Korea," he said.
This week investors will focus on the early portion of earnings season, Cashin said. Later in the week, the season gets underway with reports from BlackRock, Delta Air Lines, JPMorgan Chase, Bank of America and Wells Fargo.
They'll also be focused "again on the circus in Washington," Cashin said. "We'll see if we can get past the clowns and get into something more serious."