Trump Calls For Deportations Without Judicial Process – Maybe It’s Time We Figure Out Who Our Ancestors Really Were. Trump calls for deporting illegal immigrants with ‘no judges or court cases.’ Romey: I will speak out against Trump on issues of ‘substantial significance.’ Russian airstrikes hit southwest Syria, breaking a ceasefire deal. U.S. shale companies motor ahead despite OPEC. Corker on Trump’s ‘abuse of his authority’ on tariffs: ‘There’s a jailbreak brewing’ in opposition. As Trump jails little children, House Republicans intensify their probe of Hillary Clinton. Corker: ‘Large mistake’ made with Trump’s ‘ready, fire, aim’ border policy.
Trump Threatens 20 Percent Tariff On European Union Cars. Tom Arnold: ‘Trump is an illegitimate president.’ Trump says GOP should ‘stop wasting their time on immigration’ until after midterms. Bitcoin tumbles after Japan watchdog orders exchanges to review business practices. Mr. Falih also suggested that traders, who pushed up oil prices sharply on Friday after the OPEC decision, may have underestimated the major producers’ determination to act.
Supreme Court Says Warrant Necessary For Phone Location Data In Win For Privacy. Trade concerns could give the Dow its longest losing streak since the 70s. Trump’s foreign policy will make Europe stronger, U.S. official says. Russia says it will impose retaliatory tariffs on U.S. imports. Italy and Germany clash as migration rows split EU. OPEC, having bolstered oil prices, considers ramping up production.
High Court: Online Shoppers Can Be Forced To Pay Sales Tax. Trump’s foreign policy will make Europe stronger, U.S. official says. Russia says it will impose retaliatory tariffs on U.S. imports. NYMEX crude oil climbs above $66/bbl on big inventory drop. Beijing puts import taxes on U.S. crude, refined products. In hitting China on trade, Trump is seen neglecting U.S. emerging industries. Italy and Germany clash as migration rows split EU. Trade concerns could give the Dow its longest losing streak since the 70s.
Trump To Sign Executive Order Ending Family Separations. GE drops out of the Dow after more than a century. Oil slips on U.S.-China trade dispute, OPEC supply outlook. Americans still aren’t saving. Merrill Lynch fined $42 Million by SEC for misleading clients over orders. Trump determined to hit China as tit-for-tat tariff war erupts. Russia says it will impose retaliatory tariffs on U.S. imports. Obesity rates surging in rural America. Central Bank leaders warn trade conflicts could damage global economy. FedEx shares hit by U.S.-China trade tensions ahead of earnings.
Trump Determined To Hit China As Tit-For-Tat Tariff War Erupts. Trump: Dems want illegal immigrants to ‘infest our country.’ EU leaders worried over Irish border issue in Brexit talks. Trump rejects calls for more immigration judges: ‘We have to have a real border, not judges.’ American CEOs call out Trump’s ‘heartless, cruel’ border policy. Russia says it will impose retaliatory tariffs on U.S. imports. Trump administration puts skimpy health insurance plans in place. McConnell backs bill to keep immigrant families together.
Distressed Debt Funds Tap Into Fears Over Credit Cycle. Dem lawmakers make surprise visit to ICE detention center. Spotlight falls on Russian threat to undersea cables. Japan’s exports accelerate in May, surplus with U.S. lowest since 2013. U.N. rights chief tells U.S. to stop taking migrant children from parents. Trump defends family separation policy: U.S. ‘will not be a migrant camp.’ Mergers to leave AT&T, Comcast as world’s most debt-burdened companies. Poll: Majority of Republicans back family separation policy. Fed’s Bostic says economic optimism has ‘almost completely faded’ because of trade fears.
Russia, Saudi Arabia Are Getting Increasingly Chummy, And That Has Big Implications For OPEC And Oil Prices. Elon Musk e-mails Tesla employees urging ‘radical improvements’ to hit quarterly targets. Volcker ‘fix’ may cause new headaches for Wall Street. Nearly 70 percent of Italians back Salvini’s stand against EU on migrant ferries.
U.S. Trade Tariffs Push Industrials, Materials Stocks Lower. Trump defends new tariffs, says China started trade war. A new holding place for hundreds of immigrant children: A vacant warehouse in Houston. As trade war with China looms, U.S. readies second wave of duties. Citigroup to pay $100 million to settle U.S. Libor rigging probe. Volcker ‘fix’ may cause new headaches for Wall Street.
Trump’s Defense Secretary Slams Putin: ‘He Attempts To Undermine America’s Moral Authority.’ Former Trump campaign chief Manafort sent to jail by U.S. judge. Chinese stocks tumble amid trade fight, ETF falls for seven straight days. John Kennedy: Big banks trampling on Second Amendment. U.S. trade tariffs push industrials, materials stocks lower. Trump defends new tariffs, says China started trade war. Cohen signals openness to cooperating with federal investigators.
ECB To End Bond Buying But Pushes Out First Rate Hike. Oil prices are unlikely to increase as ‘sharply’ from now on, IEA says. OPEC will squeeze oil buffer to historic lows with an output hike. Who is behind Trump’s links to Arab Princes? A billionaire friend. Exclusive: Saudi Aramco eyes partnerships as it expands refining, petrochems. Rolls-Royce cuts 4,600 jobs at ‘pivotal moment’ for business.
Trump Claim Raises Eyebrows: NKorea No Longer A Nuke Threat. Former Trump lawyer Michael Cohen likely to cooperate as his attorneys leave case, sources say. U.S. budget deficit widens 23% October through May on weak revenue growth. AT&T wins: Judge clears $85 billion bid for Time Warner with no conditions. Rising rates and deficit spell big trouble for the U.S., warns bond king Gundlach. Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet. Fed hikes rates, points to two more increases by year’s end. Donald Trump: ‘Fake news’ the biggest enemy of the United States.
Trump Surprises With Pledge To End Military Exercises In South Korea. U.S. promises not to bring up human rights at North Korea summit. Susan Rice: ‘Very worrisome’ for Trump to ‘disrespect our allies while embracing Russia and giving benefits to China.’
France On G7: ‘Fits Of Anger’ Cannot Dictate International Cooperation. Bitcoin price plunges after cryptocurrency exchange is hacked. Trump’s tweets slam Canada and Trudeau anew from Singapore. White House: Trump leaving Singapore early as North Korea talks move quicker than planned. The absolute chaos of Donald Trump’s G7 meeting (and what it means moving forward). Jaguar to cut more UK jobs as it moves Discovery output to Slovakia. U.S. promises not to bring up human rights at North Korea summit.
Trump Refuses To Back G-7 Declaration, Calls Trudeau ‘Weak’ And Threatens Car Tariffs. Soros: “Everything that could go wrong has gone wrong.” Some fund managers are avoiding Amazon as it leads U.S. market. Trump casts North Korea summit as ‘one-time shot’ for Kim. Drama, action, emotional power’: As exhausted aides eye the exits, Trump is re-energized. John McCain rips Trump on G-7 move.
German Chancellor Merkel’s Stare Down Photo Sums Up Trump’s Time At G-7. Trump delivers warning to allies on trade as he leaves G-7 summit. Macron turns on Trump after U.S. President attacks EU and Canada: ‘We don’t mind being G6, if needs be.’ Schumer: Trump ‘turning our foreign policy into an international joke.’ China hosts Russia, Iran for summit as U.S. tensions rise.
Trump Plows Into G-7 Summit, Facing Foreign Critics. Trump suggests Russia rejoin G-7. Merkel urges Europe to step up in Trump’s New World Order. President Donald Trump plans to depart from this weekend’s Group of 7 summit in Canada several hours early. With Mueller closing in, Manafort’s allies abandon him. New charges filed against Manafort in Russia probe.
Trump Trade War Threat Sets Up G7 Summit Clash. Chinese phone maker ZTE saved from brink after deal with U.S. McDonald’s plans fresh round of layoffs. Trump reportedly requested Saudi oil support before Iran nuclear decision. Graham ‘not buying’ Giuliani claim that Mueller is trying to frame president. Trump says Kim summit depends on attitude, not preparation.
California Democrats On Track To Advance In Key Races For House Control. $119,050,900,000: Merchandise trade deficit with China hit record through April. Paul Ryan: FBI did nothing wrong spying on Trump campaign. CEO optimism ebbs for first time in two years amid worries trade conflicts will hurt sales, drive up costs. Giuliani says Mueller’s investigators trying to frame Trump. Conservatives bash Trump’s plan to save failing coal, nuclear power plants.
Iran To Boost Uranium Enrichment If Nuclear Deal Fails. Trump: China soybean tax, Canadian agricultural products trade barriers unacceptable. Pentagon chief sees ‘bumpy road’ toward North Korea nuclear negotiations. Exclusive: Mexico set to impose 20 percent tariff on U.S. pork legs – sources. Manafort attempted to tamper with potential witnesses – U.S. special counsel.
Billionaire Koch Brothers’ Political Network Will Spend Millions To Oppose Trump’s Tariffs – The Group’s Biggest Split With The President So Far. Japan fears being sidelined as dealmaker Donald Trump prepares to meet North Korea’s Kim Jong-un. Higher oil prices could still stifle economy, upset car makers. Cutting corporate debt will drag China’s economic growth down to 4.5 per cent, says Fitch. Bill Clinton says impeachment process over Russia probe would be underway if Democrat were in office. Trump says has power to pardon himself; critics disagree.
China Warns U.S. Trade Deal Is Off If Tariffs Go Ahead. Trump’s lawyer says will fight Russia probe subpoena. President Trump ‘probably does’ have the power to pardon himself: Giuliani. Syria’s President Assad ‘to visit North Korea.’ America’s poor becoming more destitute under Trump: U.N. expert. Arab oil ministers stress need for continued OPEC, non-OPEC cooperation.
Border Agents Are Separating Immigrants From Their Children – A Plan Once Floated By The Trump Administration. U.S. unemployment rates matches the rate in 1929, right before the start of the GREAT DEPRESSION. Morgan Stanley says we’re in a bear market but investors just don’t realize it yet. Trump says June 12 summit with North Korea’s Kim is back on. Nonfarm payrolls rose seasonally adjusted 223,000; unemployment rate at 3.8%. Sears is closing 72 more stores. Goldman: NAFTA deal is now less likely after Trump’s tariffs on Mexico and Canada. John Boehner says “There is no Republican Party. There’s a Trump party.” Paul Ryan undercuts Trump on tariffs. Jim Mattis warns of consequences if Beijing keeps militarizing the South China Sea.
Trump Says June 12 Summit With North Korea’s Kim Is Back On. Whole Foods quietly pauses its GMO labeling requirements. U.S. oil output jumps to record high. Congressional Republicans lining up against Trump on trade. Morgan Stanley says we’re in a bear market but investors just don’t realize it yet. Goldman: NAFTA deal is now less likely after Trump’s tariffs on Mexico and Canada. Cleveland Fed’s Mester says the Italian turmoil and a flattening yield curve haven’t changed her interest-rate view.
‘Caution Is Going To Be The Word Here,’ Says Former Super Bull Jeremy Siegel. Mexico hits back at U.S. tariffs with measures on farm, steel products. Sears is closing more stores as sales shrink for 26th quarter in a row. Fed calls Deutsche Bank’s U.S. operations ‘troubled.’ Pending home sales fall more than expected as costs for buyers rise. Dying shopping malls are wreaking havoc on suburban America. Canada announces retaliatory tariffs on steel and aluminum. U.S. to impose steel, aluminum tariffs on EU, Canada and Mexico.
Italy Revived The Euro Crisis And Sparked A Global Stock Market Selloff. Trillions of reasons why a ‘huge storm’ may be looming for investors. Millions of U.S. homeowners still under water on mortgages. Robot chef cooks 300 burgers a day. U.S. GDP growth revised down to 2.2% rate in first quarter. China reportedly lining up countries against U.S. in pending trade war. Trump’s Budget: $984 billion deficit next year.
Soros Sees New Global Financial Crisis Brewing, EU Under Threat Sovereign Debt Crises Is Upon Us. Prepare to profit BIG time. Traders are worried this could be the ‘big unwinding’ of Italian bond markets. Oil prices down hard, pressure builds on expected crude output increase. Stock market borrowing at all time high, increasing risk of downdrafts. Delays and ‘poison pills’: team Trump runs out of road in NAFTA talks.
U.S. Record Oil Exports Bite Into Russia, OPEC Market Share In Asia. Trump’s ‘Spygate’ is a ‘diversion tactic’: Senator Flake. Oil extends losses as OPEC and Russia look to raise output. Traders are worried this could be the ‘big unwinding’ of Italian bond markets. China approves 13 new Ivanka Trump trademarks in 3 months.
Former CIA Director On North Korea: ‘These Folks Are Not Going To Get Rid Of All Their Nuclear Weapons.’ Rubio: FBI didn’t target Trump campaign, only suspicious individuals in it. Half of Americans won’t take a vacation this summer—and not just because they can’t afford it. Gas prices soar on Memorial Day weekend. These places are hit hardest. Schiff: ‘No evidence’ to support Trump’s spy theory. Fed relying on biased data that makes ‘B-minus economy’ look like an ‘A+’ : James Bianco.
Kim Jong Un, South Korea’s Moon Meet Amid Uncertainty Over U.S. Summit. Brazilian president sends in army as truck protest paralyzes country. U.S. reaches deal to keep China’s ZTE in business: congressional aide. Oil price fall hits energy shares, dollar rises. Oil output could return to October 2016 level, says Russia’s Novak.
OPEC, Russia Prepared To Raise Oil Output Under U.S. Pressure. Trump’s clueless handling of Kim is to blame for summit fiasco. Pelosi says Kim ‘big winner’ after Trump cancels NKorea summit. At Trump Tower, Michael Cohen and oligarch discussed Russian relations. Surging gas prices could fuel backlash against Trump.
Trump Signs The Biggest Rollback Of Bank Rules Since The Financial Crisis. U.S. has more than 5,600 banks. Consolidation is coming. Mueller says he’s ready for Judge to sentence George Papadopoulos. Deutsche Bank looks to cut 10,000 jobs to reduce costs: source. Jared Kushner gets permanent White House security clearance, and met with special counsel for a second time. Trump cancels Singapore nuclear summit with North Korean leader Kim Jong Un.
Weekly Mortgage Refinances Drop To An 18-Year Low As Rates Jump. Oil will be in a $55 to $75 per barrel range on a 12-month basis, said Manpreet Gill, head of FICC investment strategy at Standard Chartered Private Bank. Venezuela faces backlash after Maduro’s electoral ‘victory.’ U.S. hikes tariffs on Chinese steel exported via Vietnam. Venezuela expels U.S. envoy in response to sanctions. Michael Cohen’s business partner, Evgeny Freidman, agrees to cooperate as part of plea deal.
China Says It Will Cut Tariffs On Some Auto Parts And Vehicles. ‘World no longer accepts U.S. deciding for them’, Iran’s Rouhani says. North Korea summit: Pence warns Kim Jong-un not to ‘play’ Trump. Oil prices have been given a boost, but they could struggle to head higher. Ban to be lifted on China’s ZTE. U.S. hikes tariffs on Chinese steel exported via Vietnam. Russia is out to prove that ‘doomsday’ forecasts of economic collapse have failed. Goldman: U.S. fiscal outlook ‘not good.’ Donald Trump says U.S. reconsidering ZTE penalties as ‘favour’ to Xi Jinping.
WSJ: Mueller Probe Now Looks Outside Russian Influence. Robert Mueller’s Trump-Russia collusion probe will wrap up by September 1, says Rudy Giuliani. Average price of US gas jumps 10 cents, to $3 a gallon. Venezuela’s Maduro wins second term despite charges of sham election. Ryanair CEO says some airlines will not ‘survive’ the winter due to elevated oil prices. Donald Trump ‘offered to ease ZTE sanctions to persuade China to help with North Korea summit.’ Trump asking aides whether he should proceed with North Korea summit: report. Trump presses China to be ‘strong & tight’ on border with North Korea. Trump on China: Barriers and tariffs to come down for first time.
Mnuchin Declares US-China Trade War ‘On Hold’ As Talks Progress. U.S. schools ‘absolutely’ should be hardened. Europe, China, Russia discussing new deal for Iran: newspaper. China agrees to import more from U.S., no sign of $200 billion figure. EU could compensate firms hit by U.S. sanctions over Iran: French minister. U.S. led coalition hits ISIS in Iraq, Syria with 66 strikes in past week. Roger Stone says Trump may not run in 2020, pledges to line up challenger to Pence-Haley ticket.
U.S. Wants to Restart Nuclear Talks With Iran, But Hasn’t Budged On Demands. Maduro seeks second term in isolated, ruined Venezuela. Oil steady after retreating from 2014 highs on dollar strength. Mexico presidential front-runner vows to hit back at Trump tweets. U.S. imposes sanctions on Venezuelans ahead of Presidential election. Credit card delinquencies spike past financial-crisis peak. Tesla needs to raise $10.5 billion in capital to keep going through 2020: Goldman Sachs. Trump’s confrontational trade stance is just boomeranging back to imperil US. Argentina’s crisis gets kicked down the road, but at what cost?
Chipmaker Stocks Slammed By Applied Materials Outlook. Jeff Bezos: ‘If you cannot afford to be misunderstood, don’t do anything new or innovative.’ Trump’s bonfire of the treaties sweeps towards the WTO. Mueller’s office files unredacted memo outlining scope of Russia probe: filing. They’re out to FRAME me says Trump. Trump offers ‘protections’ if Kim surrenders nukes.
Cambridge Analytica Shared Data With Russia: Whistleblower. In veiled shot at Trump, Tillerson warns lies are a threat to American democracy. Senate votes to reinstate Obama-era net neutrality rules. Giuliani: Mueller’s team told Trump’s lawyers they can’t indict a president. Trump will seek full funding soon for his border wall. Trump ‘flip-flops’ so much over China and trade it’s hard to pick stocks, economist says. North Korea threat to cancel U.S. summit calculated to hide nukes, intel officials say. Mortgage rates reach seven-year high in a housing market reckoning.
As Italy Seeks to Form a Government, Leaked Documents Stir Anxiety. Justice Department and F.B.I. are investigating Cambridge Analytica. Market volatility spurs ETF outflows. Qatari investor confirms he was at Trump Tower meetings. Japan economy shrinks after two years of growth, dealing a blow to prime Minister Shinzo Abe. EU chief on Trump: “With friends like that, who needs enemies?”
North Korea Threatens To Cancel Trump-Kim Summit Over South Korea-US Military Drills. Wall Street drops on concerns over US-China trade woes, rising inflation. US 10-year Treasury yield jumps to highest level since 2011 above 3.06%. One-third of American working-age men could be displaced by robots. Mexico says NAFTA deal unlikely this week, signing possible this year.
The Bond Market Is Doing Something It Hasn’t Done Since 2007 – And Could Be Signaling A Recession. Trump extends lifeline to sanctioned tech company ZTE. Oil falls away from multi-year highs on surge in U.S. drilling, Iran sanctions opposition. Bolton: Iran’s economy ‘quite shaky,’ so effect of sanctions ‘could be dramatic.’ UK consumer spending continues to fall in April – Visa. China’s night-owl retail investors leverage up to dominate oil futures trade. Credit raters put pressure on Deutsche Bank over new strategy.
North Korea Says That It Will Dismantle Its Nuclear Test Site This Month. Bitcoin conferences flood New York, bringing millions in ticket sales. Bloomberg warns of ‘endless barrage of lies’ in politics. Thousands of people in Sweden get microchip implants for a new way of life. Federal tax cuts leave States in a bind.
Why Would Kim Jong-un Trust Trump Now That He’s Ripped Up Iran’s Nuclear Deal? Negotiators fail to reach NAFTA deal, Trump launches new attack. The most secure facility in the world is operational again! Rudy Giuliani says Trump “denied” AT&T-Time Warner merger. Trump assails high drug prices, avoids direct hit on industry. Iran nuclear deal: Europe strives to keep agreement. Report: DHS Secretary Nielsen ‘implored’ not to quit by John Kelly as illegal immigration skyrockets.
EXCLUSIVE: Special Counsel Probing Donations With Foreign Connections To Trump Inauguration. AT&T CEO says Cohen payments ‘big mistake,’ chief lobbyist retiring. Iran launched 20 missiles from Syrian territory on Israeli military bases in the Golan Heights. Trump breaks key populist campaign promise to negotiate Medicare drug prices. Post office blames U.S. Government – not Amazon – for billion-dollar loss.
Cohen, Touting His Access To President Trump, Convinced Companies To Pay Millions. Michael Avenatti claims Michael Cohen received payments from firm controlled by Russian oligarch. Louisiana to warn thousands of elderly, disabled they may lose Medicaid. Jubeir: Saudi Arabia will seek nuclear weapon if Iran does. Trump warns Iran: ‘Don’t restart your nuclear weapons program.’
Federal Reserve Of San Francisco Says BTC Futures Launch Led To Price Fall. North Korea’s Kim meets China’s president ahead of Trump summit. Michael Avenatti claims Michael Cohen received payments from firm controlled by Russian oligarch. CBO forecasts largest-ever monthly surplus as record tax receipts pour in. The latest: Australia and Japan still support Iran deal. Argentina seeks IMF financing to stabilize economy.
Trump Announces U.S. Will Exit Nuclear Accord With Iran. Average price of U.S. gas jumps 7 cents, to $2.90 a gallon. Kevin McCarthy: Dems want to capture government, impeach Trump. 95,745,000: Record number not in labor force as Boomers retire. Amazon could be the next black swan for the market.
U.S. Oil Cracks $70, Dollar Heads Towards 2018 High. Germany’s factory orders fall unexpectedly. Dollar marches to 4-month high as oil rally points to higher inflation. Oil prices are indicating a worst-case scenario on Iran nuclear deal, economist says. Buffett bashes Bitcoin as thriving on mystique, favors stocks. Kellyanne Conway denies White House credibility crisis. Warren Buffett: Autonomous driving cars ‘will be bad’ for insurance industry. 95,745,000: Record number not in labor force as Boomers retire.
Billions On The Line For Firms As Trump Weighs Iran Pullout. U.S. probes Cohen over cash he built up during campaign. North Korea says denuclearization pledge not result of U.S.-led sanctions. Warren Buffett: I was wrong on Google and Amazon, Jeff Bezos achieved a business ‘miracle.’ U.S. Senator John McCain, who is battling brain cancer, does not want Donald Trump at his funeral.