Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act he would pick a replacement for Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread more
This just might be Fed Chair Jerome Powell's toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
His tweets amplify the public pressure on GM to restart operations at the Lordstown, Ohio facility. Trump has frequently used his platform to push companies to take his preferred actions. Earlier this year, he threatened to cut the company's subsidies after it announced plans to slash production at several U.S. plants.
On Sunday, Trump said he spoke to GM CEO Mary Barra about the facility and "asked her to sell it or do something quickly." He claimed she "blamed" the closure on the United Auto Workers union.
"I don't care, I just want it open!" he wrote of the facility.
Earlier, the president tweeted that "Democrat" UAW Local 1112 President David Green "ought to get his act together and produce." The union represents workers at the Lordstown plant. The facility's closure is leading to the loss of 1,300 jobs, though about 417 of those positions will go to other plants, GM previously said.
Trump wrote that GM "let our Country down" by shutting down the plant, where it made the Chevy Cruze. He claimed that "other much better car companies are coming into the U.S. in droves." It was not immediately clear which companies he was referring to, or if they were American or international automakers.
"I want action on Lordstown fast. Stop complaining and get the job done!" he wrote on Sunday.
On Saturday, the president tweeted that GM "must" reopen the plant, "maybe in a different form or with a new owner, FAST!"
Green has written two letters to Trump asking him to save the plant and its jobs, local TV stations WKBN reported in February. In a February letter shared by the news outlet, Green implored Trump to make a case for the facility. Green noted that the president had not responded to a first letter he sent in July 2018.
"While this may not seem that important to you, it will have a devastating impact on many families, business and communities, especially here in the Mahoning Valley, a place that I call home," the union official wrote to the president in February.
Neither Green nor GM immediately responded to CNBC's requests to comment on Trump's tweets.
Trump won the White House partly on promises to boost manufacturing jobs and U.S. auto production. He has set out to renegotiate various free trade deals, in part to encourage automakers to produce at U.S. facilities.
While Trump has previously criticized GM, Sunday appeared to be the first time that he targeted Green, a local union official, by name.
GM has faced substantial pressure from Washington to keep the facility running. Both U.S. senators from Ohio — Democrat Sherrod Brown and Republican Rob Portman — have pushed the company to maintain jobs at the plant. In a tweeted statement Sunday, Brown said Green and the union workers "have shown grit and determination."
"Instead of attacking workers, it's past time you stood up to GM and joined the fight," he said in reference to the president.
Brown has tried to pass legislation that aims to make production in the U.S. more appealing to automakers. He urged Trump to support the legislation, called the American Cars, American Jobs Act, if he wants to boost auto workers.
The legislation would give consumers a $3,500 discount on American-made cars and revoke a provision that Brown says encourages automakers to send jobs overseas.