Media Navel Gaze: March 21, 2016
Trump and Hillary maintained big leads in the race to their party’s nominees with the focus on the GOP side reportedly on derailing Trump’s lead heading into the conventions, with tactics all weekend referred to as “guerilla warfare” and Trump pledging riots. But in real news and in what really effects everybody, the Fed voted not to raise rates at its recent meeting last week, making it seem certain that any rises this year will be much weaker than expected.
- In other political battles: President Obama nominated Merrick B Garland, a centrist appellate judge, to the Supreme Court in what is sure to be a showdown in Congress;
- The logistics chief behind the Paris attack was arrested, raising hope that his capture will lead to more clues behind the bombings;
- The London Stock Exchange and Deutshe Borse agreed to merge;
- US stocks continued to charge higher with the S&P 500 and the Dow now positive for the year, if only fractionally, with the blue chips up about 1 percent ending Friday at 17,602;
- Obama is headed to Cuba;
- Hulk Hogan was awarded $115 million in the Gawker sex-tape suit; appeals to follow; and
- Twitter is turning 10 on Monday #stockslump #slowgrowth.