THIS WEEK:
- The House is expected to vote on Budget Chair Diane Black’s (R-TN) FY18 budget now that they have secured the votes. This is a crucial step in moving tax reform.
- Puerto Rico is in the very nascent stages of the recovery process from Hurricane Maria. President Trump is expected to visit the island Tuesday for an on the ground assessment.
- Congressional committees will start the informal process for writing tax bills.
- The White House will begin head hunting to replace Tom Price as the Secretary for Health and Human Services who resigned from his post Friday. Trump’s rumored short list for replacements: CMS Administrator Seema Verma, FDA Commissioner Scott Gottlieb, VA Secretary David Shulkin, and former LA Governor Bobby Jindal.
MONDAY, OCTOBER 2:
- The Senate is expected to vote on the renomination of the Federal Communications Commission Chair Ajit Pai at 5:30PM.
TUESDAY, OCTOBER 3:
- President Trump will visit Puerto Rico with members of his Cabinet.
- The Senate Banking Committee will hold a hearing to examine Wells Fargo - CEO Tim Sloan will testify at 10:00AM.
- The House Financial Services Committee will hear from Federal Housing Finance Agency Director Mel Watt, on the role of Fannie Mae and Freddie Mac.
- The Senate Homeland Security and Governmental Affairs Committee will hold a hearing on nominations at the Department of Homeland Security at 9:30AM.
- The Senate Finance Committee will examine international tax reform at 10:00AM.
- The Senate Judiciary Committee will hold an oversight hearing to examine the Administration's decision to end the Deferred Action for Childhood Arrivals at 10:00AM.
- The Senate Joint Economic Committee will examine tax reform and entrepreneurship at 10:00AM.
WEDNESDAY, OCTOBER 4:
- The Senate Budget Committee will begin markup on their FY18 budget.
- The House Financial Services Committee will hear from SEC Chair Jay Clayton.
- The House Ways and Means Committee will examine the IRS’s data modernization efforts.
- The Senate Banking Committee will hear from Richard Smith, the former CEO of Equifax at 10:00AM. The Senate Judiciary Committee will examine Equifax’s cyber security at 2:30PM.
- The House Small Business Committee will hold a hearing on tax reform at 11:00AM.
- The following Senate Committees will consider presidential nominations: Commerce, Science, and Transportation, Environment and Public Works, Homeland Security and Governmental Affairs, Judiciary, Foreign Relations, Veterans' Affairs, and Health, Education, Labor, and Pensions.
THURSDAY, OCTOBER 5:
- The Senate Budget Committee will continue markup on their FY18 budget.
- The House Financial Services Committee will hear from Richard Smith, the former CEO of Equifax at 10:00AM.
- The Health, Education, Labor, and Pensions Committee will examine the Federal response to the opioid crisis in a hearing at 10:00AM.
- The following Senate Committees will consider presidential nominations: Environment and Public Works, Finance, and Foreign Relations.
FRIDAY, OCTOBER 6:
- The Senate is expected to move the FY18 budget out of committee by the end of the week.
- Vice President Pence is expected to visit the U.S. Virgin Islands.
GENERAL DAN CHRISTMAN - NORTH KOREA: "WHERE DOES THIS ALL END?": Our Senior Advisor General Dan Christman wrote that given the hyperbolic rhetoric from both sides of the current North Korean dust-up, it’s only sensible to ask this same question: “Where, and how, does the North Korean crisis end?” Read his full piece to find out here.
CALL REPLAY - DAVID HOPPE: NEXT STEPS FOR TAX REFORM: We held a call with David Hoppe, former chief of staff to Speaker of the House Paul Ryan and Macro Policy analyst JT Taylor as they covered the road ahead for the Big Six’s tax reform plan. Dive into the details on the replay here.
FCC SAYS WIRELESS MARKET IS COMPETITIVE (TMUS, S, VZ, T): Our Senior Telecom Analyst Paul Glenchur writes - the FCC sets a more open tone to potential wireless deals, but clearing a T-Mobile/Sprint deal is still a close call. Read the full piece here.
ETHANOL EXPORTS POLICY CHANGE SPELLS TROUBLE FOR HIGH RINS PRICES AND RELIEF FOR REFINERS: Our Senior Energy Analyst Joe McMonigle writes he is bearish for ethanol producers and blenders, but bullish for independent refiners who spend hundreds of millions to buy RINS for compliance. Read the full piece here.
EVENT: HEDGEYE GOES TO AUSA OCTOBER 10: Hedgeye’s Senior Defense Analyst Lt. Gen Emerson “Emo” Gardner is hosting a defense day in DC followed by a reception. Join Emo in a “booth walk” of the largest land warfare exposition in North America. View over 720 of the world’s most important military hardware suppliers escorted by the man former Secretary of Defense Bob Gates called, “my go-to guy on the budget.” By invitation only.
EVENT: DEPUTY ENERGY SECRETARY AND FORMER OPEC PRESIDENT HEADLINE OCTOBER 11 HEDGEYE ENERGY CONF (NYC): Our Senior Energy Analyst Joe McMonigle is hosting a Hedgeye energy conference in New York City. Topics include regulating pipelines, grid reliability and energy infrastructure in the Trump Administration - as well as an OPEC meeting preview. Get the event details here.
Our Catalyst Calendar contains major policy dates and deadlines in Washington in addition to Hedgeye’s policy events. We will be updating the calendar as information changes and new dates are put on the books. YOU CAN FIND IT HERE and on our website.
