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Trump administration asks top investor for advice on markets amid wild ride for stocks
A high-ranking Trump administration official reached out to at least one well known investor for advice on markets after a recent drubbing for stocks, sources told CNBC. The call took place after a sell-off on Christmas Eve, the worst day of Dec. 24 trading ever. The Dow Jones industrial average, S&P 500 and Nasdaq all dropped more than 2 percent Monday as rumors swirled about President Donald Trump's desire to fire Federal Reserve Chair Jerome Powell and Defense Secretary James Mattis resigned amid disagreements with the president. The major indexes then spiked about 5 percent on Wednesday. The administration, ... (full story)
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