…..Trump’s business councils collapse. CEOs quit en masse. GOP denounces Trump. Fed minutes show concern for no inflation. Housing starts down. Financial Review by Sinclair Noe for 08-16-2017   DOW + 25 = 22,024 SPX + 3 = 2468 NAS + 12 = 6345 RUT + 0.30 = 1383 10 Y – .04 = 2.23% OIL + .03 = 46.81 GOLD + 11.70 = 1283.80   Fallout from Trump’s news conference yesterday resulted in the collapse of his business councils today. Six CEOs quit Trump’s manufacturing council in recent days: Richard Trumka, leader of the AFL-CIO; Thea Lee, an economist and former deputy chief of staff at the AFL-CIO; Scott Paul, head of the Alliance for American Manufacturing; Kenneth Frazier, Merck CEO; Kevin Plank, Under Armour CEO; Brian Krzanich, Intel CEO   This morning, the list of CEOs grew. Inge Thulin, the CEO of 3M, was the seventh executive to quit Trump’s manufacturing council. Here is part of his statement: “I joined the Manufacturing Jobs Initiative in January to advocate for policies that align with our values and encourage even stronger investment and job growth – in order to make the United States stronger, healthier and more prosperous for all people. After careful consideration, I believe the initiative is no longer an effective vehicle for 3M to advance these goals. As a result, today I am resigning from the Manufacturing Advisory Council.”   Denise Morrison, president and CEO of the Campbell Soup Company, resigned from the manufacturing council. Here’s part of ...