In a sign that Trump may have lost faith in his Treasury secretary, he has asked if another member of his staff could meet with Federal Reserve Chairman Jerome Powell, the report said. The Nasdaq'sbear market fall continues as well, sitting over 20 percent under August's record highs.
Still, Trump, on Christmas Day, called the Treasury secretary a "very talented guy" and a "very smart person". Other concerns roil the market The partial shutdown of the USA government is also worrying investors.
Or as the CNN source said, "Mnuchin is under the gun".
"The market is concerned about what is happening in D.C.", he said. Mnuchin "also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly", according to the statement.
The slide - generated entirely by confused messaging from Donald Trump and his administration, saw the wider United States market slide into the grip of the bear.
Wall Street is closely following reports that Trump had privately discussed the possibility of firing Powell, who became the Fed chief early last February after being appointed by Trump and has continued the path of gradual rate hikes started by his predecessor, Janet Yellen. "If the U.S. economy turns south, global capital markets are in for a world of hurt".
How does a bear market differ from a correction?
The president expressed his displeasure Monday with the Fed after Mnuchin tweeted on Saturday that Powell's job was safe.
Last week in an interview with BloombergNews, Mnuchin pointed to longstanding phenomena to explain the stock market's recently volatility. The current bull market has been going on for nearly 10 years.
Technology companies, health care stocks and banks took some of the heaviest losses in the broad sell-off, which followed news that the U.S. Treasury Secretary called the CEOs of six major banks Sunday in an apparent attempt to stabilize jittery markets.
"I don't know anybody who thought before last night that banks were suffering from lack of liquidity (i.e., a situation like the financial crisis)", Roberto Perli, a partner with Cornerstone Macro LLC, wrote in an analysis Monday.
This story has been published from a wire agency feed without modifications to the text.
The move "smacks of desperation and nervousness", said Paresh Upadhyaya, a portfolio manager at Amundi Pioneer Asset Management in Boston.
"The fact is that the economy is doing so well that they raised interest rates", the president said.
Mnuchin took to Twitter again on Sunday to say he'd spoken to heads of the biggest USA banks about liquidity and lending infrastructure, and reconvened a presidential working group established to sort out the Crash of 1987.
The stock market closed at 1 p.m. EST (1800 GMT) ahead of Tuesday's Christmas holiday.
Speaking of 2008, the United States Treasury Secretary, Steve Mnuchin, released an absolutely weird statement about banking liquidity on Christmas Eve (a bank is liquid when it can easily convert assets to cash) that should send chills up the spines of those familiar with the Great Recession.
If all Democrats support the Senate-passed measure, it would only need limited Republican votes to get through the House. They also worry Trump's failure to make good on his signature campaign promise could hamper his re-election campaign.
Mark Rober said a woman was caught on his home security camera walking up to his door and stealing a package off of his porch. We see a series of delicious reactions to the glitter bomb and stink spray as they go off in thieves' cars and homes.
Prosecutors did not agree on any guidelines range, but agreed to request leniency if she provides "substantial assistance". Nonetheless, many news outlets, such as USA Today and Raw Story, have claimed that she worked on "behalf of the Kremlin".
Scholes was also critical of United's players and said he believed they had let Mourinho down with their performances this season. His last game, the 5-5 at West Brom, was nearly the ideal end for him. "Player power with Jose is the worst thing in management".
The Raptors' defense was on point throughout the night against a healthy Warriors group that could never find a rhythm. In the first meeting between these two teams, the Warriors were without Steph Curry and Draymond Green due to injury.
The Ralph Hasenhuttl revolution continued as Southampton beat Huddersfield 3-1 at the John Smith's Stadium. It was the first time United had scored five goals since Sir Alex Ferguson's final game in charge in 2013.
They warn that "caving" on Trump's repeated wall promises could hurt his 2020 re-election chances, and other Republicans' as well. A partial shutdown would force federal parks to close unless the government also declares them an essential service.
The special counsel instead charged Flynn with lying about his conversation with Russian ambassador Sergey Kislyak. That undercuts Alptekin's claims to The Daily Caller that he would have advised Flynn against writing the op-ed.
The movie starts off with this Peter's narration, catching viewers up on the broad strokes of the Spider-Man story. The last DLC for it is Silver Lining and will bring back Silver Sable to put her in a new role.
May said changing Conservative leader would "put our country's future at risk and create uncertainty when we can least afford it". If she wins the vote, however, her Tory foes would be unable to launch another leadership challenge against her for a year.
Erdoğan said Turkey was the victim of a "stalling tactic" over Manbij and that Islamic State no longer posed a threat in Syria. The YPG still controls a large swathe of northeast Syria, on Turkey's southern border.
She will now return to fighting for the Brexit withdrawal deal that has divided United Kingdom politics in recent weeks. Under the rules, she can not be challenged by a confidence vote again for 12 months.
But it could also lead to scenarios under which the country remains close to - or even stays in - the EU. To the east of the city the "People's Vote" group held a rally calling for a second referendum .
Kingdom Hearts III director Tetsuya Nomura put out a response to the leaks on Twitter through the main Kingdom Hearts account. From the trailer, we know that the game touches on familiar themes like stolen hearts, worlds, destinies, and returning home.
In the other draws, defending champions Real Madrid will face Ajax while their LaLiga rivals Barcelona will take on Lyon. The first leg of the matches will be played on February 12/13 and February 19/20 with 2 matches scheduled each day.
It's Meghan's first Christmas as a royal, though she celebrated with the family past year , in a break in tradition. Claims have swirled about tension between brothers William and Harry and their wives, Kate and Meghan .
The Senate had already passed legislation ensuring that workers will receive back pay, and the House was likely to follow suit. Those deemed "essential" are spared but employees of the rest (around 40%) are placed on unpaid leave and told not to work.
After River Plate was upset by the host club, everyone knew it would be Real Madrid lifting the trophy once again. If they win, Real would become the first club to win four Club World Cup championships.
Authorities have confirmed that Berreth's cellphone is in fact in Idaho, but were not able to elaborate on how it got there. The mother told CBS that her daughter was looking forward to being married but said the couple had not set a wedding date.
Analysts expected, on average, earnings of $1.43 per share on $33.58 billion in revenue, according to Zacks Investment Research . Return on assets (ROA) is a financial ratio that shows the percentage of profit a company earns about its overall resources.
It was not her first time dealing cancer , and the news prompted many questions about the 85-year-old justice's well-being. The Supreme Court Justice had cancerous nodules removed from her lungs on Friday, according to a statement from the U.S.
Futures in Chicago tumbled as a result, while the 2018 harvest had been piling up, unsold, in silos, bins and bags across the U.S. The soybeans are expected to be shipped mostly from grain terminals in the U.S.