WS #10599
Trump cancels housing news conference and signing until SAVE AMERICA ACT passes, adding policy uncertainty. May new-home sales miss badly (580K vs 632K expected), supply rises to 10.3 months; 10Y yield drops 7.5 bps to 4.418%, fueling rate-cut hopes. Hertz warns Q2 profit trending toward low end, announces share and note offerings; shares tumble most in two years.
Trump Cancels Housing Bill Signing
Trump cancels housing news conference and signing until SAVE AMERICA ACT passes, adding policy uncertainty.
May new-home sales miss badly (580K vs 632K expected), supply rises to 10.3 months; 10Y yield drops 7.5 bps to 4.418%, fueling rate-cut hopes.
Hertz warns Q2 profit trending toward low end, announces share and note offerings; shares tumble most in two years.