Amid ongoing flare-ups between the U.S. and Iran, President Trump and his allies will travel this week to diplomatically engage allies on Middle East peace, North Korea’s nuclear program, U.S.–China trade and more.
Why it matters: The week's meetings present an opportunity for Trump and his team to demonstrate their ability to leverage diplomacy as a tool of American power. He’ll be taking on tough issues this week, and his administration's policies have in many ways amplified the work ahead.
Carl Icahn gambled again. And won again, given Monday's news that Eldorado Resorts agreed to buy Caesar's Entertainment for $17.3 billion (including assumed debt), or $12.75 per share in cash and stock.
Why it matters: It creates the largest owner and operator of U.S. casinos, with the combined company to retain the Caesar's brand.
The Fed delivered its first conflicted policy decision under Chair Jerome Powell last week, when St. Louis Fed president James Bullard opposed the decision to keep rates at their current 2.25%–2.50% level.
Driving the news: Minneapolis Fed president Neel Kashkari, who is not a voting member of the rate-setting committee, went further on Friday, calling for an unorthodox 50-basis-point cut to U.S. overnight interest rates immediately.
Acting Immigration and Customs Enforcement director Mark Morgan told "Justice with Judge Jeanine" Saturday he has the "green light" to remove undocumented migrants, despite President Trump delaying plans for mass raids.
The big picture: CNN and Fox News report Trump called off the raids after House Speaker Nancy Pelosi phoned him with the request. Morgan told Fox News host Jeanine Pirro the 2-week delay was to "give Congress another chance on a bipartisan method." He said he has the "authority and the support to go after" migrants, and "remove them."
