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☆ Trump warns the market will crash if he loses. Investors just laugh
▼ + stars: | 2024-02-27 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House. He went on to say a loss for him would spark “the largest stock market crash we’ve ever had.”But there is no evidence to support that claim. “This is just an encore presentation of what he said last time,” said Art Hogan, chief market strategist at B. Riley Financial. In fact, the stock market has generated higher annual returns when Democrats are in power. It’s true that Trump’s surprise victory in November 2016 helped spark an impressive rally in the stock market as investors bet on deregulation, tax cuts and infrastructure.

Persons: Donald Trump, Trump, you’re, ” Trump, ”, Brian Gardner, “ There’s, ” David Kelly, “, Kelly, Joe Biden, Biden, Hogan, ” Sam Stovall, he’s, “ It’s, Dow, ” Kelly, Gardner, James Singer, CNN it’s “, ” Singer, Jerome Powell —, Powell, Jerome Powell, Greg Valliere, Trump’s Organizations: New, New York CNN, CNN, White, Trump, Asset Management, Dow, Riley, CFRA Research, GOP, “, Nasdaq, Federal Reserve, JPMorgan, Biden, Republicans, Democrat, Research, —, Republican, AGF Investments Locations: New York, Washington, Trump, China

☆ Lawmakers are set to vote to avert a government shutdown. Here’s what it means for markets
▼ + stars: | 2023-11-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Washington may be able to avoid a government shutdown by the upcoming Friday deadline, but that doesn't mean Congress — or the markets — are quite in the clear. House Speaker Mike Johnson said on CNBC's " Squawk Box " on Tuesday that he expects enough lawmakers on both sides to pass his two-step "laddered" continuing resolution. The continuing resolution plan would extend federal funding for some government agencies until mid-January, while other agencies would be funded through early February. The House is expected to vote on the continuing resolution around 4:30 p.m. That doesn't mean that you're not going to have the showdown — it just means that this is the prologue," Salisbury said.

Persons: Mike Johnson, Chuck Schumer, Mitch McConnell, Israel, Goldman Sachs, Jan Hatzius, Benjamin Salisbury, Salisbury, Brian Gardner, Gardner, It's, Eric Diton, Diton, We've, we've, — CNBC's Michael Bloom, Chelsey Cox Organizations: Freedom Caucus, Democrats, Wall, Government shutdowns, Wealth Alliance, Moody's, Service Locations: Washington, Salisbury

☆ What Wall Street can expect from key Biden-Xi meeting as U.S.-China relations remain tense
▼ + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Chinese companies, meanwhile, have accelerated in global patent holdings in the cybersecurity sector, according to a recent Nikkei report. More reassurance to Chinese investors To be sure, while these stocks continue to rally, investors in the U.S. largely remain cautious about making any trades based on expectations ahead of the Biden-Xi talks. If anything, Chinese investors could leave Wednesday with more reassurance—which China's economy desperately needs as it struggles to make a post-pandemic recovery. Chinese investors "remain concerned that the deterioration in the bilateral political relationship could have a negative impact on the Chinese economy," Matthews investment strategist Andy Rothman said. Shaun Rein of China Market Research Group told CNBC last week that the meeting "might lower down the temperature," but that he does not expect "anything meaningful" to come from it.

Persons: Joe Biden, Xi Jinping, Frederic Neumann, Neumann, Biden, Xi, Brian Gardner, Gardner, Neo Wang, Wang, Tesla, BYD, Matthews, Andy Rothman, Shaun Rein, Rein, Derek Scissors, CNBC's Organizations: HSBC, Economic Cooperation, South China Morning Post, U.S . Department of Commerce, Nikkei, Micro Devices, Intel, Nvidia, AMD, Micron, MU, Microsoft, Biden, China Market Research Group, CNBC, American Enterprise Institute Locations: China, U.S, Asia, San Francisco, Washington, Beijing, Tesla's China, Europe, South Korea, Japan

☆ Chatter around a possible government shutdown is muted compared to September, says Brian Gardner
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChatter around a possible government shutdown is muted compared to September, says Brian GardnerBrian Gardner, Chief Washington Policy Strategist at Stifel, discusses the possibility of a government shutdown this week.

Persons: Brian Gardner Brian Gardner Organizations: Chief Washington

☆ The odds of a government shutdown are rising, says Stifel's Brian Gardner
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe odds of a government shutdown are rising, says Stifel's Brian GardnerCNBC's Emily Wilkins and Brian Gardner, Stifel chief Washington strategist, joins 'Power Lunch' to discuss the looming government shutdown.

Persons: Brian Gardner, Emily Wilkins, Stifel Locations: Washington

☆ What the new House speaker means for government shutdown odds and the markets
▼ + stars: | 2023-10-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

After three weeks without a speaker, House Republicans finally handed the gavel to Mike Johnson of Louisiana on Wednesday. The new House speaker arrives as lawmakers have been unable to pass spending legislation — with a Nov. 17 deadline nearing. Ukraine funding Another pressing issue is President Joe Biden's $106 billion defense supplemental request, on which Johnson has not signaled a clear position. "We expect Mr. Johnson and House Republicans will try to unbundle the proposal." Johnson is taking over as House speaker as the stocks market struggles.

Persons: Mike Johnson of, Johnson, Tobin Marcus, Jan Hatzius, Goldman Sachs, Marcus, Joe Biden's, Brian Gardner, Stifel's, Biden, Gardner, — CNBC's Michael Bloom Organizations: Republicans, Street, GOP, Wolfe Research, Senate, Ukraine, House Republicans, Nasdaq Locations: Mike Johnson of Louisiana, Israel, Ukraine, Washington

☆ Gardner: Funding for Israel and Ukraine will be top priorities once the House Speaker race wraps up
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGardner: Funding for Israel and Ukraine will be top priorities once the House Speaker race wraps upStifel's Brian Gardner discusses what President Biden aims to achieve with his trip to Israel and Jordan this week, and whether Jim Jordan has lined up enough votes to become the next House Speaker.

Persons: Brian Gardner, Biden, Jordan, Jim Jordan Organizations: Gardner Locations: Israel, Ukraine

☆ Jim Jordan is unlikely to win the 217 votes needed to be House Speaker, says Stifel's Brian Gardner
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Jordan is unlikely to win the 217 votes needed to be House Speaker, says Stifel's Brian GardnerBrian Gardner, chief Washington policy strategist at Stifel, joins 'The Exchange' to discuss internal division among Republicans stalling the Speakership nomination, the likelihood of another short-term spending bill, and more.

Persons: Jim Jordan, Brian Gardner Brian Gardner Organizations: Republicans Locations: Washington

☆ Congress might be faced with another shutdown next month: Stifel's Brian Gardner
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress might be faced with another shutdown next month: Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy strategist, joins 'Power Lunch' to discuss the latest news out of Washington.

Persons: Brian Gardner Brian Gardner, Stifel Locations: Washington

☆ Corporate America exhales as government shutdown is averted at the last minute
▼ + stars: | 2023-10-02 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. But then House Speaker Kevin McCarthy abruptly shifted course and moved to pass a bill with support from Democrats. The Chamber commended lawmakers who voted to keep the government open on a bipartisan basis and called for Congress to finish the job. Gardner noted that there will likely be a move to remove McCarthy as speaker and another potential budget standoff ahead of November 17.

Persons: brinksmanship, ’, Kevin McCarthy, Joe Biden, “, Joshua Bolten, ” Bolten, ”, Brian Gardner, Stifel’s, Gardner, McCarthy, ” Gardner Organizations: New, New York CNN — Corporate, Business, US Chamber of Commerce, Senate Locations: New York, American, Ukraine, Washington —, Washington

WASHINGTON (AP) — The White House is preparing Friday to direct federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded and avert politically and economically costly disruption of federal services. “We got members working, and hopefully we’ll be able to move forward on Tuesday to pass these bills,” McCarthy, R-Calif., told reporters at the Capitol. McCarthy signaled his preference for avoiding a closure, but a hard-right flank of his House majority has effectively seized control. Trump has urged the House Republicans on, pushing them to hold the line against federal spending. The U.S. Travel Industry Association estimates that the travel sector could lose $140 million daily in a shutdown.

Persons: Kevin McCarthy, ” McCarthy, McCarthy, “, ”, Joe Biden, ” Biden, Donald Trump —, Biden, —, Trump, Matt Gaetz, ” Gaetz, Gaetz, legislating, Brian Gardner Organizations: WASHINGTON, House Republicans, Capitol, Biden, Management, OMB, Republicans, Republican, Trump, GOP, Defense, Homeland Security, Foreign Operations, Agricultural, Congressional, Military, Federal Emergency Management Agency, Women, U.S . Travel Industry Association Locations: U.S, Maryland, Washington

☆ We will probably get a government shutdown, but markets will look past it: Stifel's Brian Gardner
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe will probably get a government shutdown, but markets will look past it: Stifel's Brian GardnerBrian Gardner, Stifel Financial chief Washington policy strategist, joins 'Squawk Box' to discuss the return of Congress after Labor Day, whether the U.S. can avoid a government shutdown, the impact on markets and investors, Commerce Secretary Gina Raimondo's trip to China, and more.

Persons: Brian Gardner Brian Gardner, Gina Raimondo's Organizations: Stifel Financial, Labor Locations: Washington, U.S, China

☆ Congress needs to reform debt ceiling to remove chaos around default threats, says Maya MacGuineas
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress needs to reform debt ceiling to remove chaos around default threats, says Maya MacGuineasStifel’s Brian Gardner and Maya MacGuineas, The Committee for a Responsible Federal Budget, join 'Power Lunch' to discuss the debt ceiling fight and its impact on the U.S. financial system.

☆ Final debt ceiling deal will be a fraction of House GOP plan, predicts Stifel's Brian Gardner
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal debt ceiling deal will be a fraction of House GOP plan, predicts Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy analyst, joins 'Squawk Box' to discuss the latest on the debt ceiling showdown, whether a bipartisan deal is possible, and more.

☆ Watch CNBC's full interview with Stifel's Brian Gardner and The Peterson Institute's Nicolas Veron
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Brian Gardner and The Peterson Institute's Nicolas VeronNicolas Veron, senior fellow at The Peterson Institute for International Economics, and Brian Gardner, Stifel chief Washington policy analyst, join 'Power Lunch' to discuss the SVB hearing, the need for congressional action on guaranteeing small bank deposits, and locating capital for insuring deposits.

☆ The political will to increase deposit insurance is not there, says Stifel's Brian Gardner
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe political will to increase deposit insurance is not there, says Stifel's Brian GardnerNicolas Veron, senior fellow at The Peterson Institute for International Economics, and Brian Gardner, Stifel chief Washington policy analyst, join 'Power Lunch' to discuss the SVB hearing, the need for congressional action on guaranteeing small bank deposits, and locating capital for insuring deposits.

Two of the Fed's 12 regional bank presidents resigned as a result of that scandal and Powell launched a fast overhaul of the central bank's ethics rules as criticism mounted. Senator Elizabeth Warren, a longtime Powell opponent, saying she had lost confidence as well in San Francisco Fed President Mary Daly, whose bank was responsible for supervising SVB. Still, turbulence in financial markets and the banking system is likely to feature prominently in Powell's post-meeting news conference, which is scheduled to begin at 2:30 p.m. EDT (1830 GMT). The U.S. central bank will release its policy statement and new economic projections from Fed officials at 2 p.m. EDT. Market expectations are tilted heavily towards the Fed approving another quarter-of-a-percentage-point rate increase, which would lift its benchmark overnight interest rate - the federal funds rate - to the 4.75%-5.00% range.

Eli Lilly, along with Sanofi (SASY.PA) and Novo Nordisk (NOVOb.CO) make up 90% of the U.S. market for insulin. Biden, a Democrat, on Tuesday called on Congress and other manufacturers to lower the price of insulin as Lilly had done. The list price for Lispro, a cheaper version of its Humalog insulin, is currently $82.41 for 100 units/mL vials. List prices for drugs often differ from what patients actually pay, including after insurance and other assistance programs. Ricks said the company's insulin price cuts had been planned for some time and were accounted for in Eli Lilly's December financial forecast, which projected 2023 revenue of at least $30.3 billion.

And simmering in the background: A still unresolved Federal Reserve fight to control inflation that may pose the largest outstanding risk to the Biden economy, and over which the White House has little influence. Consumers are "reconciling layoff announcements with record job numbers, inflation that is rolling over yet prices remain elevated. The progress on inflation, meanwhile, has come so far without any corresponding hit to job growth or the unemployment rate. The unemployment rates for Black and Hispanic people are near the lows seen before the pandemic hit the U.S. economy in March of 2020. "On average, American households are in a better position than they were before the pandemic hit," National Economic Council director Brian Deese said on Monday.

☆ Congress signaling a bumpy road ahead and a potential repeat of 2011
▼ + stars: | 2023-01-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress is signaling a bumpy road ahead and a potential repeat of 2011, says Stifel's Brian GardnerBrian Gardner, Chief Washington Policy Strategist at Stifel, joins Worldwide Exchange to discuss the latest on the House Speaker vote.

Results of Tuesday's election remain uncertain, with President Joe Biden's Democratic Party performing better than expected and potentially in position to retain control of the Senate. "This will be de facto gridlock regardless of the outcome," said Brian Gardner, Washington-based strategist for Stifel. But it can also gum up the wheels of basic governance and pose its own set of risks. But it also may have helped trigger the current round of inflation, and has pushed U.S. public debt to record levels. That may mean a more reluctant fiscal response to any coming downturn.

☆ U.S. Commerce's Raimondo vows continued support in talks with Ukraine economy minister
▼ + stars: | 2022-11-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 8 (Reuters) - U.S. Commerce Secretary Gina Raimondo pledged continued strong support for Ukraine during a meeting with the country's economy minister, including efforts by the U.S. government and private sector to help rebuild Ukraine's civilian infrastructure, the Commerce Department said on Tuesday. Ukrainian Economy Minister Yulia Svyrydenko briefed Raimondo at their meeting in Washington on Russia’s recent attacks on Ukraine’s energy infrastructure and Ukraine’s efforts to promote economic recovery, Commerce said in a statement. The two also discussed a U.S.-Ukraine infrastructure task forcebeing formed by the Department of Commerce, Department of Transportation and Ukrainian Ministry of Infrastructure, the department said. Her visit to Washington comes during congressional elections that could see President Joe Biden's Democrats lose control of Congress, with some Republicans already speaking out against continued U.S. support for Ukraine. "At that point, if public opinion on Ukraine starts to shift materially, I think the prospects for U.S. support for Ukraine follow and deteriorate," he said.

☆ At the end of the day it's gridlock, says Stifel's Brian Gardner
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAt the end of the day it's gridlock, says Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy analyst, joins the 'Halftime Report' to discuss midterm results, the bipartisan coordination needed to pass legislation and the populist wing of the republican party.

☆ Stocks slip as control of Congress remains unclear
▼ + stars: | 2022-11-09 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

Stocks dipped, with the Dow sliding nearly 300 points, or 0.9%, in late morning trading. One stock in particular that had been surging in anticipation of a sweeping victory for the GOP got hit hard Wednesday. The market rallied sharply during the past three days following a historic surge for stocks in October. Still, as the midterm dust settles, investors may now shift their attention back to inflation and the economy. “Markets have performed remarkably similar during periods of a Republican or Democratic controlled Congress.”

☆ Gardner: The momentum in the last month or so has clearly been in the Republicans' direction
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGardner: The momentum in the last month or so has clearly been in the Republicans' directionStifel's Brian Gardner discusses whether there will be a Republican sweep in Congress, and whether that benefits the markets and specific sectors longer-term.

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