Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.Entertainmentread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
The New York Democrat said he understands midterms often serve as a referendum on the president, and Trump has endured low approval ratings since he took office. But Schumer believes Democrats need a strong economic message, as well, if they are going to win a majority in the House or Senate.
"You cannot just run against Donald Trump," Schumer said, speaking next to Senate Majority Leader Mitch McConnell at an event at the University of Louisville. "And it is the job of we Democrats to put together a strong, cohesive, economic group of proposals aimed at the middle class and those struggling to get there."
Democrats need to promote policies like cutting the costs of student loans, increasing access to rural broadband and boosting the availability of child care, he argued. Schumer added that his party needs to "focus like a laser" on economic issues.
The two major parties will pit differing economic arguments against one another in the bitter battle for control of Congress in November. On the GOP side, lawmakers plan to pitch a strong U.S. economy and the effects of the recently passed Republican tax law.
Ohio Rep. Steve Stivers, chair of the National Republican Congressional Committee, recently signaled that Republicans would hammer the unpopular House Minority Leader Nancy Pelosi. They will focus in particular on her argument that one-time bonuses after the tax plan's passage were "crumbs" in relation to the huge corporate tax cuts passed by Republicans.
Trump has repeatedly promoted those bonuses and did so again in a tweet Sunday. He contended that "it will only get better."
As part of $400 million in spending on efforts tied to the midterms, the Koch brothers' network also plans to put $20 million toward promoting the tax plan.
Separately, Axios reported that Trump plans to energize his supporters ahead of the elections with cultural fights like the one about NFL players kneeling during the national anthem.
Democrats see opportunity in the House, where they plan to target 101 seats held by the GOP, according to NBC News. That figure goes well beyond districts won by Hillary Clinton in the 2016 presidential election.
Republicans hold a 238 to 193 seat majority in the House, with four current vacancies. That means Democrats need to pick up 25 GOP seats to take over the House. According to NBC News' count, at least 20 Republican incumbents have said they will retire this year.
Republicans hold a one-seat edge in the Senate, but they have a much better chance of keeping control of that chamber. Democrats hold 26 of the 34 Senate seats on 2018 ballots. Several Democrats face tough re-election bids in states Trump won in 2016 like Missouri, North Dakota, West Virginia, Pennsylvania, Ohio, Wisconsin, Michigan and Florida.