Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Hassett told an NBC News reporter at the White House that Powell's role as the leader of the U.S. central bank is "100 percent" safe.
That assurance followed Hassett's appearance on Fox Business, where the head of Trump's Council of Economic Advisers said he is highly confident that the president is happy with Mnuchin.
Hassett has made multiple public appearances in recent days, attempting to assuage markets amid growing concerns about Trump's reported displeasure with Mnuchin, who has served in the president's Cabinet since February 2017, and Powell, who oversaw a hike in interest rates last week.
Before that quarter-point rate rise, Trump had complained in a tweet that it was "incredible" for the Fed to consider "yet another interest rate hike." Presidents traditionally do not comment publicly on actions taken by the Fed, which is considered independent from the White House.
Multiple outlets reported Saturday that Trump had vented his frustrations about Powell and had privately expressed a desire to fire him.
Mnuchin attempted to brush those reports aside in a pair of tweets Saturday, quoting Trump as saying he "never suggested" firing Powell.
On Monday, Trump lashed out at the central bank again in a tweet, saying, "The only problem our economy has is the Fed."
The news appeared to accelerate equities' decline Monday, marking the stock market's worst Christmas Eve performance on record.
CNN, citing a source close to the White House, reported Wednesday morning that Mnuchin's job could be in "serious jeopardy."
Trump, however, said on Christmas Day that he had confidence in Mnuchin, telling reporters that Mnuchin is a "very talented, very smart person."
Over the weekend, Mnuchin spoke with the heads of the six largest U.S. banks, and tweeted a statement afterward assuring that none of them have "experienced any clearance or margin issues."
As markets struggled to gain a foothold Wednesday morning, the partial shutdown of the federal government entered its fifth day, with no immediate end in sight.
But Hassett told NBC that even a "few-week shutdown is not going to be something that has any kind of significant effect on the outlook" of the economy.
Asked whether Trump is continuing to blame the Fed for the volatility in the markets, Hassett said his job is to "respect the independence of the Fed and not comment on monetary policy."