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Watch Live: President Trump To Make Shutdown Deal Announcement
01-25-2019, 02:26 PM,
#1
Watch Live: President Trump To Make Shutdown Deal Announcement
Watch Live: President Trump To Make Shutdown Deal Announcement

<p><strong>Update (12:55 pm ET): </strong>As White House aides scramble to set up the Rose Garden, President Trump is expected to announce his support for a bill to temporarily reopen the government.</p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/p1iE5cvWCh0" width="560"></iframe></p>

<p>Much to the president's chagrin, stocks appear to be moving lower on news that the shutdown might be coming to an end. Of course, the end of the shutdown means a smaller hit to Q1 GDP, which means less chance of the Fed pausing QT.</p>

<p>* * *</p>

<p>At long last, the government shutdown, now in its 35th day, may finally be coming to an end.</p>

<p>According to the Drudge Report, President Trump is planning to announce that a deal has been reached to temporarily reopen the federal government during a hastily organized 1 pm press conference set to take place in the Rose Garden. The press conference was announced mere minutes before Drudge broke the news about the announcement, and follows a hint from Sen. Tim Kaine from earlier on Friday that a breakthrough might finally be imminent.</p>

<p><a href="https://www.cbsnews.com/news/government-shutdown-trump-to-make-shutdown-announcement-at-white-house-2019-01-25-live-stream/">CBS</a> and the Atlantic have confirmed that Trump is expected to endorse a short-term bill to reopen the government.</p>

<p><a data-image-external-href="" data-image-href="/s3/files/inline-images/SHUTDOWN.png?itok=B_am0Cr9" data-link-option="0" href="https://www.zerohedge.com/s3/files/inline-images/SHUTDOWN.png?itok=B_am0Cr9"><img data-entity-type="file" data-entity-uuid="8824830d-498b-4799-83ff-ff22030fd4b9" data-responsive-image-style="inline_images" height="160" width="500" srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/SHUTDOWN.png?itok=B_am0Cr9 1x" src="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/SHUTDOWN.png" alt="Shut" typeof="foaf:Image" /></a></p>

<p>Reporters say the Rose Garden is being set up for a "full blown presidential announcement...complete with teleprompter."</p>

<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">The set up in the Rose Garden right now is for a full blown presidential announcement complete with TelePrompTer, etc. Still no official word on timing or topic of the president’s remarks.</p>
— Eamon Javers (@EamonJavers) <a href="https://twitter.com/EamonJavers/status/1088856023048302593?ref_src=twsrc%5Etfw">January 25, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>Reports on Twitter stressed that the government would reopen "temporarily". The agreement comes after <a href="https://www.zerohedge.com/news/2019-01-25/faa-halts-flights-new-yorks-laguardia-over-air-traffic-controller-staff-shortage">the FAA temporarily suspended</a> flights taking off for La Guardia Airport in NYC  and 800,000 government workers missed their second paycheck.</p>

<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">US GOVT SHUTDOWN AGREEMENT REACHED<br />
ANNOUNCEMENT SET FOR 1 PM EST US.GOVT TO REOPEN 'TEMPORARILY'<a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> atlast has some sense dawned on you....or r u scared of <a href="https://twitter.com/hashtag/MuellerFriday?src=hash&ref_src=twsrc%5Etfw">#MuellerFriday</a></p>
— Murugesh Ramiah (@murugesh1234) <a href="https://twitter.com/murugesh1234/status/1088853315310489601?ref_src=twsrc%5Etfw">January 25, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>USDJPY is rallying on the news now that several sources have confirmed, though the exact length of the measure isn't yet clear, though CBS said the temporary measure would open the government for "a few weeks." We have yet to see much of a reaction in stocks.</p>

<p><a data-image-external-href="" data-image-href="/s3/files/inline-images/2019.01.25USDJPY.jpg?itok=M6byVul2" data-link-option="0" href="https://www.zerohedge.com/s3/files/inline-images/2019.01.25USDJPY.jpg?itok=M6byVul2"><img data-entity-type="file" data-entity-uuid="76f47c41-00b7-428a-9c08-df1dcb41ac51" data-responsive-image-style="inline_images" height="258" width="500" srcset="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/2019.01.25USDJPY.jpg?itok=M6byVul2 1x" src="https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/2019.01.25USDJPY.jpg" alt="USD" typeof="foaf:Image" /></a></p><img src="http://feeds.feedburner.com/~r/zerohedge/feed/~4/qDQN9L2wQ5Y" height="1" width="1" alt=""/>


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