The president has been against higher rates-- arguing that increased borrowing costs will put the brakes on economic growth. Today's Stocks & Topics: CVS - CVS Health Corp., Trade War, ECB Cut Rates, Market Rotation, 2-year treasury yield: 1.711%, 10-year treasury yield: 1.70%, 30-year FIXED mortgage rate: 3.56%, Gold: $1,504 per ounce, Oil: $55.14 per barrel, Gasoline: $2.57 per gallon on a national average, WMT - Walmart Inc., STT - State Street Corp., Banks, VIX - CBOE Volatility Index, AAPL - Apple Inc., The Stock Market, PDBZX - PGIM Total Return Bond Fund Z.