Trump cooks up a storm

The US president has declared a national emergency. Matthew Partridge reports.

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Trump: a knack for dominating the conversation
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"Desperate to save face," President Trump "cooked up" a declaration of national emergency last Friday, which he claims gives him the power to win funds for building 230 miles of border wall, says The New York Times. Trump's plan is to use the pretext of an emergency at the Mexico border to seize $2.5bn from the military's drug interdiction programme, $3.6bn from military construction and $600m from the Treasury Department's drug forfeiture fund. In doing this, the administration "is thumbing its nose at Congress, the Constitution and the will of the American people, the majority of whom oppose a border wall".

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri