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…..Trump reverts, CEOs flee. CBO says it pays to fund ACA. Retail sales bounce. Consumer debt climbs. Import prices up. Biz inventories up. HD and TJX earnings. Gates donates. More info at Financial Review by Sinclair Noe for 08-15-2017 DOW + 5 = 21,998 SPX – 1 = 2464 NAS – 7 = 6333 RUT – 11 = 1383 10 Y + .05 = 2.27% OIL + .13 = 47.72 GOLD – 10.50 = 1272.10   Several members of President Trump’s manufacturing jobs council resigned following what was widely considered an inadequate response from the president to violence in Charlottesville, Va. over the weekend that led to three deaths. The executives that have resigned include: Ken Frazier – CEO of Merck, Brian Krzanich of Intel, Kevin Plank of Under Armour, and Scott Paul – President of the Alliance for American Manufacturing. That makes 7 CEOs who have resigned from Trump’s councils this year. The AFL-CIO, a federation of labor unions that represent 12.5 million workers, said it was considering pulling its representative on the committee. AFL-CIO President Richard Trumka said the council “has yet to hold any real meeting,” and “there are real questions” about its effectiveness. Several other members of the council issued statements denouncing racism and bigotry. Walmart CEO Doug McMillon issued a statement saying the president “missed a critical opportunity to help bring out country together.” McMillon remains on the council for now. Trump tweeted a response, “For every CEO that drops out of the Manufacturing Council, I ...
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Financial ReviewBy Sinclair Noe