Week In Review: How Trump's Policies Moved Stocks - Sunday, January 27

Shutdown deal reached, Microsoft's Smith sees federal privacy laws as "inevitable"

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:

1. GOVERNMENT SHUTDOWN DEAL REACHED: On Thursday, the U.S. Senate was unable to pass either of two competing bills to fund the government and end the shutdown. However, on Friday, Congressional leaders and President Trump reached a tentative deal to temporarily reopen the government without any funding for a border wall. The pact will reopen the government for three weeks, until February 15, while leaving the border wall funds to further talks.

2. AIRPORT DELAYS: Hours prior to the shutdown deal being announced, the FAA briefly halted incoming flights at New York's LaGuardia Airport on Friday morning, citing a shortage of air traffic controllers. The FAA said it had "experienced a slight increase in sick leave at two facilities" and was "mitigating the impact by augmenting staffing, rerouting traffic, and increasing spacing between aircraft when needed." Publicly traded airlines include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL).

3. MERGER DELAYS: In a research note to investors earlier this week, JPMorgan analyst Jeffrey Zekauskas said he believes there are negative short-term implications to Linde plc (LIN) due to effects from the partial government shutdown. The new Linde is unable to fully integrate its Praxair operations with Linde AG until the domestic assets are sold to CVC/Messer, which is unlikely until the government re-opens, he contended. Amcor and Bemis (BMS) also said that while they have made significant progress toward closing the all-stock transaction announced on August 6, 2018, antitrust approval and completion of shareholder meeting documentation review by the SEC have been delayed in the U.S. due to the partial government shutdown. As a result, it is now anticipated the transaction will close in the second quarter of calendar year 2019.

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