Trump Postpones Military Strikes Against Iran
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.INFRASTRUCTURE STRIKES POSTPONED:President Trumpvia Truth Social, "I AM PLEASE TO REPORT THAT THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE HAD, OVER THE LAST TWO DAYS, VERY GOOD AND PRODUCTIVE CONVERSATIONS REGARDING A COMPLETE AND TOTAL RESOLUTION OF OUR HOSTILITIES IN THE MIDDLE EAST. BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WITCH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD, SUBJECT TO THE SUCCESS OF THE ONGOING MEETINGS AND DISCUSSIONS."NO TALKS:Two Iranian semiofficial news agencies close to the paramilitary Revolutionary Guard claimed that there had been no negotiations with the White House as described by President Trump. The Fars and Tasnim news agencies instead portrayed Trump as backing down due to Iran's threats, the Associated Press.HOSTILITIES RESOLUTION:Shares of Airlines and Cruiselines, including United Airlines, Delta Air Lines, Soutwest Airlines, Carnival, Royal Caribbeanand Viking Holdings, traded up in the wake of President Trump's message that USA and Iran had "very good and productive conversations regarding complete resolution of hostilities."HORMUZ STRAIT:In a post on Truth Social, President Trump, "We are getting very close to meeting our objectives as we consider winding down our great Military efforts in the Middle East with respect to the Terrorist Regime of Iran: (1) Completely degrading Iranian Missile Capability, Launchers, and everything else pertaining to them. (2) Destroying Iran's Defense Industrial Base. (3) Eliminating their Navy and Air Force, including Anti Aircraft Weaponry. (4) Never allowing Iran to get even close to Nuclear Capability, and always being in a position where the U.S.A. can quickly and powerfully react to such a situation, should it take place. (5) Protecting, at the highest level, our Middle Eastern Allies, including Israel, Saudi Arabia, Qatar, the United Arab Emirates, Bahrain, Kuwait, and others. The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it - The United States does not! If asked, we will help these Countries in their Hormuz efforts, but it shouldn't be necessary once Iran's threat is eradicated. Importantly, it will be an easy Military Operation for them. Thank you for your attention to this matter!"FANNIE, FREDDIE PLAN:Pershing Square's Bill Ackman pitched his plan for Fannie Maeand Freddie Mac- for the Trump administration to retire the government's senior preferred shares that give it a $370B claim on government sponsored entities - to administration officials this month, Joe Light of Barron's, citing people familiar with the matter. The officials briefed on Ackman's plan included National Economic Council Director Kevin Hassett, White House Deputy Chief of Staff James Blair, Federal Housing Finance Agency Director Bill Pulte, and Treasury Under Secretary for Domestic Finance Jonathan McKernan, sources told Barron's.
