Key Events This Week: Jobs Report, JOLTS, ADP, ISMs And Fed Speakers

Spirit Airlines 'Bites The Dust' As All Flights Canceled The collapse of bankrupt Spirit Airlines is now official. After several failed attempts by the Trump administration to engineer a rescue package, including a proposed $500 million financing deal that could have left the U.S. government with control of up to 90% of the budget carrier, negotiations broke down late this week. By Saturday morning, Spirit had begun winding down operations, with all flights canceled and the carrier entering liquidation mode. The outcome marks the final flight for the budget airline, crushed by...

Taiwan Defense Chief Contradicts Trump On Enormous Arms Package Moving Forward Authored by Dave DeCamp via AntiWar.com, Taiwanese Defense Minister Wellington Koo Li-hsiung said on Monday that he's "cautiously optimistic" that the US will advance a $14 billion arms package for Taiwan after the US Navy secretary said it was on hold due to the war with Iran. Acting Navy Secretary Hung Cao told Congress last week that the US was "doing a pause" on the massive weapons package to "make sure we have the munitions we need for Epic Fury," the code name for the...

USC Cancels Gubernatorial Debate Due To Absence Of Candidates Of Color Authored by Jonathan Turley via jonathanturley.org, The University of Southern California (USC) is under fire after canceling the California gubernatorial debate with less than 24 hours’ notice.  The reason? None of the polling candidates are people of color. It was a crushingly revealing moment in a state where universities have long defied voters who demanded an end to affirmative action in admissions. USC Dornsife Center for the Political Future and ABC/KABC Los Angeles were scheduled to co-host the debate at Bovard...