It was quiet start to the week for US economic data, which was perhaps just as well given what happened in the UK. Still, Trump managed to make headlines again, bizarrely claiming that Democrats can’t find a smocking gun on his Twitter. I think we can file this Tweet next to Covfefe. In all seriousness, these are worrying times for the president. He has admitted that the payments made by Michael Cohen to two women during the 2016 presidential campaign were a ‘simple private transaction’.
Trump is looking for a new chief of staff after John Kelly announced he will be leaving at the end of the year. Nick Ayers, currently the chief of staff for vice president Mike Pence, had been linked with the role for weeks, but he has decided to leave the White House.
It is another quiet day for economic data from the US, but I have a feeling there will still be plenty to talk about.
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