Trump Trade: Trump readying orders to boost energy supply

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump with this daily recap compiled by The Fly:

ENERGY SUPPLY EO: The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to Reuters, citing four sources familiar with the planning. The moves under consideration include making it easier for power-generating projects to connect to the grid, and providing federal land on which to build the data centers needed to expand AI technology, the sources said. Stocks that could be impacted include Vertiv (VRT) and utilities such as NextEra Energy (NEE), Constellation Energy (CEG), Southern Company (SO), Duke Energy (DUK), Vistra (VST), American Electric (AEP), Sempra Energy (SRE) and Dominion (D).

EU DEBATES LOWERING TARIFFS: Leaders in the European Union are debate how much they are willing to sacrifice and considering lowering tariffs on a range of U.S. imports to try to clinch a speedy trade deal with President Trump, people familiar with the matter told The Wall Street Journal’s Kim Mackrael, Bertrand Benoit and Gavin Bade. Other concessions being considered include lowering nontariff barriers, buying more American products and offering to cooperate with the U.S. to tackle its economic concerns about China, the report said.

FED CUTS ‘UNLIKELY’: Morgan Stanley Chief U.S. Economist Michael Gapen notes that the market’s probability for a July cut from the Federal Reserve rose from 8% to over 20% and for September from 60% to 90%, but the firm still thinks cuts in the next two meetings are “unlikely.” The majority of Fed officials align with Powell’s cautious stance and are unlikely to support cuts soon, says the analyst, who adds that negative payroll prints, rising unemployment, and subdued inflation could trigger a sooner cut, but that is not the firm’s “base case.”