WS #10601
Trump cancels bipartisan housing bill signing, demanding voter ID bill passage, injecting political uncertainty and dampening housing sector sentiment. DOJ announces $450M settlement with Chemours over PFAS; seen as removing litigation overhang, stock rises. Gold falls below $4,000 for first time since November as dollar strengthens and rate hike expectations rise. May new home sales 580K vs 640K est, -7.3% MoM, confirming housing market weakness. 30-year Treasury yield drops 8bps, TLT up 1.4%, signaling flight to safety.
Trump cancels housing bill signing
Trump cancels bipartisan housing bill signing, demanding voter ID bill passage, injecting political uncertainty and dampening housing sector sentiment.
DOJ announces $450M settlement with Chemours over PFAS; seen as removing litigation overhang, stock rises.
Gold falls below $4,000 for first time since November as dollar strengthens and rate hike expectations rise.
May new home sales 580K vs 640K est, -7.3% MoM, confirming housing market weakness.
30-year Treasury yield drops 8bps, TLT up 1.4%, signaling flight to safety.