Politics and Government

President Trump’s top economic advisor, Larry Kudlow, disavows comments from White House trade advisor Peter Navarro.

Linda McMahon is favored by President Trump to replace Ross, sources said. He is also considering Ray Washburne, president and CEO of Overseas Private Investment Corporation, according to one source.

If Rep. Maxine Waters becomes chair of the House Financial Services Committee she may not be able to undo Republicans’ deregulation efforts, but she could still hurt the nation’s economic growth, says GOP Rep. Jeb Hensarling.

Democrats seized control of the House on Tuesday from the Republican Party in a suburban revolt that saw more than two dozen seats flip from red to blue.

The Trump administration on Monday renewed sanctions against hundreds of entities throughout Iran’s energy sector and its broader economy, promising to exert more pressure on the Islamic Republic. The return of sanctions, first implemented during the Obama administration, fulfills President Donald Trump‘s vow six months ago to ratchet up pressure on Iran, despite widespread international criticism. …

Stocks were mostly higher on Monday, led by sharp gains in energy and financials. However, investors were also bracing for the upcoming U.S. midterm elections.

Stocks traded in a wide range on Friday as investors digested different comments and reports on global trade, while Apple shares dented the broader tech sector.

Polls and forecasters suggest Democrats have a good chance to take control of the House, while Republicans are favored to keep a slim majority in the Senate. But deviations from the expected outcome could have massive implications for investors.

The immigration issue has become a potent line of attack for the Republican party in the last days before the election. The strategy: link illegal immigration to crime, terrorism and economic competition, and blame Democrats.

With Iran sanctions set to take effect amid a Saudi political crisis the market didn’t expect, geopolitics would be expected to benefit oil prices and energy stocks. But oil has been pressured lately, and big energy stocks have trailed the market.

Footage published by CNN appeared to show a man exiting the Saudi consulate in Istanbul Oct. 2 wearing the same pants, shirt and jacket that Khashoggi had been wearing when he entered. But the shoes didn’t match, a diplomat tells The Washington Post.

The measures are significantly more dramatic than some previous Democratic proposals – a reflection of the proximity to the midterm elections and the early interest surrounding the presidential race in 2020.

“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” Trump said from Erie, Pennsylvania.