Good morning. Here’s your Early Warning for Tuesday, 31 July 2018. (All times Eastern.)
The President is scheduled to sign H.R. 2353, “Strengthening Career and Technical Education for the 21st Century Act”, into law, have lunch with Vice President Pence and Secretary of State Mike Pompeo, then hold two events in Tampa, Florida.
Secretary of State Mike Pompeo is scheduled to have lunch with President Trump today.
Defense Secretary Mattis has no public events scheduled for today.
The Carl Vinson (CVN-70) was last reported in the Hawaii Area of Operations (RIMPAC 2018).
The John Stennis (CVN-74) recent left port in Bremerton, Washington and is in the eastern Pacific.
The Ronald Reagan (CVN-76) is at port in Yokosuka, Japan.
Conflict requiring a Carrier Strike Group does not appear imminent.
Significant House Activity:
- Nothing significant to report.
Significant Senate Activity:
- The Senate Judiciary Committee is holding a hearing to examine immigration enforcement and family reunification efforts.
* Reporting will appear in the Strategic Intelligence Summary or National Intelligence Bulletin.
– Officials at the Federal Reserve are meeting today and are scheduled to arrive at a policy decision by tomorrow on whether or not to raise interest rates. President Trump has been critical of the Fed, saying that raising interest rates too quickly would hurt the Trump economy. And JP Morgan CEO Jamie Dimon warned in an interview that previous quantitative easing and now tightening has him worried. “I don’t want to scare the public, but we’ve never had QE. We’ve never had the reversal. Regulations are different. Monetary transmission is different. Governments have borrowed too much debt, and people can panic when things change.” [source]
– Bloomberg is reporting this morning that U.S. and Chinese officials are in negotiations to prevent further tariffs and maybe bring an end to the “trade war”. [source]
The National Hurricane Center reports that tropical cyclone activity in the Atlantic is not expected during the next 48 hours.
Drought conditions persist across much of the Southwest.
What I’m Looking at this Morning
“If you’re a Trump-skeptical Republican, you have 3 options if you speak your mind publicly: 1) Retire. 2) Be forced into retirement in your next primary. 3) Become a CNN/MSNBC commentator.” – David Wasserman, Cook Political Report