-- A weaker jobs report would be a stagflation signal, raising the odds of a selloff in stock markets, according to Bank of America Corp. strategist Michael Hartnett.Recent US economic data has been stagflationary as it suggested slowing growth at a time of sticky inflation and labor costs, Hartnett said. If the Labor Department’s report on Friday were to show the US added fewer than 125,000 jobs in April, and the average hourly earnings rose more than 0.
Other market strategists, including at BofA, have downplayed those concerns. The bank’s head of US equity and quantitative strategy, Savita Subramanian, said on Thursday that a sturdy economy would sustain the bull-market run in US stocks. Mark Peterson-Pool/Getty ImagesDonald Trump can dish it out, but he has shown, once again, that he simply cannot take it.As proceedings began Thursday morning in the disgraced ex-president’s criminal hush-money trial, defense attorney Todd Blanche complained to New York State Supreme Court Judge Juan Merchan that the gag order put in place to prevent Trump from intimidating witnesses, jurors, and court staff was unfair to his client.
Doug Mills/GettyDonald Trump tried—and failed—to lure the judge overseeing his New York criminal trial into the position of greenlighting his angry screeds to ensure they don’t violate a gag order that seeks to stop him from continuing to intimidate witnesses and jurors.The move came after Trump got slapped with $9,000 in fines and a warning of a potential stay in the slammer on Tuesday, then had to fend off the risk of an additional $4,000 in penalties Thursday morning.
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