White House Abandons Minimum Price Guarantee for U.S. Critical Minerals

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 with this daily recap compiled by The Fly.CRITICAL MINERAL MINIMUM:The White House is stepping back from plans to guarantee a minimum price for U.S. critical minerals projects, a quiet acknowledgement of a lack of congressional funding on the matter and the difficulties associated with setting market prices, Reuters' Ernest Scheyder and Jarrett Renshaw, citing multiple sources. The change comes as a U.S. Senate panel is examining a price floor extended last year to MP Materials, the authors note. Other publicly traded companies in the space include USA Rare Earth, Critical Metals, and United States Antimony.Responding to the Reuters story that U.S. steps back from critical mineral minimum price guarantee for U.S. critical minerals projects, MP Materials, "Today's Reuters report is inaccurate, misleading, and inconsistent with the facts. It follows a pattern of speculative and misleading reporting that has repeatedly mischaracterized government policy and caused unnecessary confusion in the marketplace. MP Materials has a binding, long-term agreement with the U.S. Department of War that remains fully in force, including the Price Protection Agreement executed last year. There has been no change whatsoever to our contract or to the government's obligations under it."FED:In a post on Truth Social, President Trump stated, "Jerome "Too Late" Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high. He is hurting our Country, and its National Security. We should have a substantially lower rate now that even this moron admits inflation is no longer a problem or threat. He is costing America Hundreds of Billions of Dollar a year in totally unnecessary and uncalled for INTEREST EXPENSE. Because of the vast amounts of money flowing into our Country because of Tariffs, we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD. Most of these countries are low interest rate paying cash machines, thought of as elegant, solid, and prime, only because the U.S.A. allows them to be. The Tariffs being charged to them, while bringing in $BILLIONS to us, still allows most of them to have a significant trade surplus, though much smaller, with our beautiful, formerly abused Country. In other words, I have been very nice, kind, and gentle to countries all over the World. With a mere flip of the pen, $BILLIONS more would come into the U.S.A., and these countries would have to go back to making money the old fashioned way, not on the back of America. I hope they all appreciate, although many don't, what our great Country has done for them. The Fed should substantially lower interest rates, NOW! Tariffs have made America strong and powerful again, far stronger and more powerful than any other Nation. Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD!"DEESCALATION:AppleCEO Tim Cook told staff that he is "heartbroken by the events in Minneapolis," and called for a calls for a "deescalation," Bloomberg's Mark Gurman, citing an internal memo. Cook told employees that he discussed the matter with President Donald Trump, sharing his views and appreciating the president's openness to engaging on issues that matter to everyone.