It's gotten to a point where it's not even being reported," he told a group of about 300 U.S. troops at MacDill Air Force Base in Florida. "And, in many cases, the very, very dishonest press doesn't want to report it. They have their reasons, and you understand that," he added, without saying what those reasons were. The White House later released a list of 78 attacks around the world from September 2014 to December 2016. "Networks are not devoting to each of them the same level of coverage they once did," a White House official said. "This cannot be allowed to become the 'new normal.'"It was Trump's latest salvo against the news media, a favorite target for derision that he says broadly underestimated his chances during the presidential campaign. He has kept up the attacks since his Jan. 20 inauguration. Trump at one point cited attacks in the French cities of Paris and Nice, which were widely covered.
Its a rather quiet week from the perspective of central bank decisions and economic data which will likely feed into this as well. Earnings season may provide a distraction for investors with almost one in five S&P 500 companies due to report on the fourth quarter. Fridays jobs report didnt exactly leave us any-the-wiser on the health of the US economy, despite the number of jobs being created in January far exceeding expectations. Unemployment ticked higher as participation rose, which was one of the more positive aspects of the report, even if the headline number would perhaps suggest otherwise. The earnings component of the report was the biggest disappointment, with annual growth falling back to 2.5% from 2.9% in December. The inflation side of the Feds dual mandate remains a barrier to the central bank raising interest rates three times this year, as it signalled in December it intends to. For inflation to run sustainably in line with the Fed s target, wage growth needs to improve and so Fridays report may be seen as more of a setback, despite impressive job creation. Investors clearly took it that way as near term rate hike expectations took another hit, with the market implied probability of a March rate hike now down to just 13%. June is still seen as the most likely meeting for the next increase, with markets pricing in a 68% chance currently. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.
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