Trump Says Saudi King Agreed To Raise Oil Production Up To 2 Mln Barrels. Comcast blames widespread service outage on cut fiber lines. Top ICE lawyer sentenced to four years in prison for stealing immigrants’ identities. Papering over cracks, EU leaders claim summit victory on migration. U.S. intelligence believes North Korea making more nuclear bomb fuel despite talks: NBC. Citigroup to refund $335 million to credit card customers.
BP Holds Millions Of Barrels Of Oil Off China As Demand Falters. Deutsche Bank investors unshaken by U.S. stress test failure. Kroger to bring driverless cars to grocery delivery. John Kelly said to be on his way out, Trump is considering who will be next White House chief of staff. Euro rallies after all-night talks yield deal for Merkel, EU. EU leaders unite over Trump tariffs, foreign investments. Manafort assistant gave FBI access to storage locker: testimony. Citigroup to refund $335 million to credit card customers. It’s been decades since the White House has warned the Fed the way Kudlow just did. Trump will dump oil from Strategic stockpile.
Saudi-Russian Axis Rules Oil Markets As Trump Fights Iran. U.S. oil exports reached a record 3 million barrels a day last week — a greater amount than is pumped each day by all but three OPEC countries. Trump adviser sees having Putin summit as ‘a deliverable.’ Market rate rise may thwart Fed’s balance sheet plan. Fed’s Rosengren calls for more tools to lessen severity of next economic downturn. Merkel says migration could make or break the E.U.
U.S. Oil Prices Rally To Highest Level Since 2014 As Crude Supplies Notch Biggest Weekly Drop Of The Year. Oil surges above $70 after State Dept orders crude buyers to cut Iranian imports to zero. Time to prepare for ‘no deal’ Brexit scenario – French presidency official. Fed’s Rosengren calls for more tools to lessen severity of next economic downturn. India may ignore U.S. demand to halt Iran oil imports. Most millionaires don’t plan to spend their tax savings, CNBC survey finds. U.S. oil exports boom to record level, surpassing most OPEC nations.
Oil Surges Above $70 After State Dept Orders Crude Buyers To Cut Iranian Imports To Zero. Court upholds Trump travel ban, rejects discrimination claim. U.S. consumer confidence slips, house price gains slow. Treasury Secretary Mnuchin says investment restrictions will apply to ‘all countries that are trying to steal our technology.’ Trump warns Harley-Davidson of ‘big tax’ for moving production abroad. Apple starts building iPhone 6S in India to lower costs. Largest U.S. nail manufacturer ‘on the brink of extinction’ because of the steel tariffs.
Harley-Davidson To Move Some Production From U.S. Because Of E.U. Tariffs. Europe migrants: Italy warns Schengen is ‘at risk.’ China moves to shore up economy as slowdown and trade fight loom. Gold price expected to fall. Chicago Fed’s May national economic index retreats into negative as factories slowed. Oil drops as market braces for more OPEC crude and Wall Street slips. Carnival shares plunge the most in 2 years after slashing full-year forecast. Dow drops 400 points as Trump reportedly plans to curb Chinese investments in U.S. tech.
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.