In an interview with the media on Saturday, Minneapolis Fed President Neil Kashkari said that this matter (rate cuts) is really not dependent on short-term plans between Congress and the new administration - it's really about productivity and economic growth. If that growth can be sustained and our economy becomes more structurally efficient, then that tells me that we may not cut rates as much.
Musk said he would attend Trump's rally at Butler on Saturday.
Berkshire Hathaway A (BRK.A.N) slashed its stake in Apple (AAPL. O) to about 400 million shares in the second quarter from 789 million in Quarter 1, a drop of nearly 50 percent, according to a 10-Q report released Saturday. Berkshire Hathaway currently owns about 2.6 percent of Apple, worth about $88 billion at Friday's closing price of $219.86. The reduction in Apple shares is not surprising, but the scale of the reduction is unexpected.
U.S. Senate Majority Leader Chuck Schumer said in a meeting with Biden on Saturday that it would be better for the country if Biden ended his re-election bid. Earlier, media reported that Schumer privately signaled to top Democratic gifters that he was willing to accept a Democratic presidential candidate other than Biden.