Trump Abandons Plans for Infrastructure Advisory Council

Trump Abandons Plans for Infrastructure Advisory Council

Trump Abandons Plans for Infrastructure Advisory Council

Saying the status quo is holding down economic and job growth, President Donald Trump on Tuesday signed an executive order aimed at streamlining environmental reviews and permitting of major infrastructure projects and establishing a two-year goal for such processes.

Trump announced in January that he was putting billionaire real estate developers Richard LeFrak and Steven Roth in charge of the council to help oversee his national rebuilding effort.

Still, analysts said, the dollar was in an unenviable position with inflammatory news headlines coming from the White House weighing on its already weak position.

U.S. stocks fell sharply on Thursday (Aug 17) following a deadly attack in Spain and amid rising concerns President Donald Trump may have endangered his economic agenda after alienating business leaders.

'I could hear people getting hit': BC woman witnesses Barcelona attack
They said that one of the two men arrested was Moroccan and the other was from the Spanish enclave of Melilla in North Africa. Peritz said it seemed likely the incidents in Barcelona , Alcanar, and Cambrils were linked.

"The dollar, for the most part, remains in a state of directionless confusion, supported on the one hand by resurgent U.S. economic data yet burdened by the expanding White House rat's nest". It was unclear, though, how long Cohn would remain in the job or if he is still a leading candidate to be nominated as the next chairman of the Federal Reserve.

"The President's Advisory Council on Infrastructure, which was still being formed, will not move forward", a White House official said.

During an interview on CNBC, Jeffrey Sonnenfeld, the normally outspoken senior associate dean of the Yale School of Management, said that if Cohn were to leave the White House, a stock selloff would ensue that could "crash the markets". The violence in Virginia began with a rally against removal of a confederate statue there organized by neo-Nazis, Ku Klux Klan members and other white supremacists.

Steve Bannon, a White House senior adviser with close ties to far-right groups, said in an interview published Wednesday that he constantly butts heads with Cohn over issues such as trade with China.

Rohrabacher wants to brief Trump on Assange meeting
Rohrabacher's spokesman Ken Grubbs told TheDC, "I can confirm that the meeting happened" and said that Johnson was in the meeting. Rohrabacher added that he believes the information Assange shared with him "will have an earth-shattering political impact".

Trump's presidential advisory council on infrastructure will disband along with the two panels that Trump rushed to dissolve on Wednesday when faced with mass resignations of chief executives from some of America's biggest companies. His departure would be seen as a setback to those plans.

'That´s a fight I fight every day here, ' Bannon told the American Prospect, a liberal-leaning political magazine.

It's Cohn who meets with numerous chief executives hoping to offer an idea, or plead a cause, with the White House.

Investors Real Estate Trust (IRET) and Monmouth Real Estate Investment Corp (MNR)
The stock of Alexandria Real Estate Equities Inc (NYSE:ARE) earned "Overweight" rating by Barclays Capital on Tuesday, July 19. State Street Corp boosted its position in shares of Pennsylvania Real Estate Investment Trust by 2.6% in the first quarter.

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