6/8/2018

DEMS/JOBS/LEAKS/TRUMP AS PRESIDENT: “Several Democratic U.S. senators urged federal regulators on Friday [6-8-18] to look into potential data leaks after a tweet by President Donald Trump last week that some market participants viewed as a tip about the big monthly U.S. payrolls report ahead of its public release. The lawmakers, Elizabeth Warren, Ron Wyden and Michael Bennet expressed their concern about Trump’s comment and called for investigations in letters to the Securities and Exchange Commission and the Commodity Futures Trading Commission. Spokespeople for those agencies declined to comment. Trump’s tweet that he was ‘looking forward’ to the government’s monthly jobs report was seen by some as an indication the numbers would be positive. The president traditionally is briefed on the report the night before, but government officials are barred from discussing the data until after it is released. The report was stronger than expected, with 223,000 U.S. jobs created in May amid sturdy gains in several industries. The unemployment rate dropped to an 18-year low of 3.8 percent.”

-Pete Schroeder, “Democratic U.S. senators seek probe after Trump’s payroll tweet,” Reuters, June 8, 2018 8:36 am