President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administration’s policies. During Trump’s presidency, the S&P 500 has gained 25% from inauguration day through August 15. How does that stack up to stock performance at the same point in other modern presidencies? (647 trading days, to be exact).
American companies have lavished Wall Street with $171 billion of stock buyback announcements so far this year, according to research firm Birinyi Associates. That's a record-high for this point of the year and more than double the $76 billion that Corporate America disclosed at the same point of 2017.
The oil industry's most powerful lobbying group met on March 23 with President Trump's interior secretary at the Trump International Hotel in Washington, DC. It also happened to be the same day the administration killed a rule that oil companies opposed. The location of the meeting is raising eyebrows and ethical questions. The Trump International Hotel, situated just blocks from the White House, is ground zero for companies and foreign leaders who may be trying to cozy up to the president by using his properties, critics and ethics experts fear.