Market News and Commentary June 13

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.

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