Trump Says Collusion Is Not A Crime As First Russia Probe Trial Begins. Oil heads for worst month in 2 years as Trump pressures Saudi Arabia. Trump on shutdown threat: ‘I don’t care what the political ramifications are.’ Equities rebound on U.S.-Sino talks report, dollar jumps.
Trump Says Ready To Meet Iran’s Rouhani. Trump repeatedly denied collusion. Now his lawyer Rudy Giuliani says: ‘Collusion is not a crime’ U.S. review of Keystone XL’s path sees no significant environmental effects. Giuliani asserts it was Trump’s ‘right’ to ask James Comey for a break. Cohen flipping would put Trump 1 witness away from catastrophe. U.S. crude rises 2.1%, settling at $70.13, boosted by signs of tight oil supply.
Kudlow: 4.1 Percent Economic Growth Rate Will be ‘Sustainable.’ Mnuchin: Expect 3 percent growth for next 4 years. Mnuchin says Fed is ‘responsible’ in raising interest rates. Hyperloop test pod sets speed record. Trump: I would be willing to ‘shut down’ Government over border security. Zuckerberg destroyed Facebook’s brand. Global auto powers plotting response to Trump auto tariff threats. British Army on standby for Brexit emergency.
Trump ‘Open’ To Moscow Visit After Putin Extends Invite. Facebook: Explaining the company’s massive share slump. The future of search-and-rescue robots might be centaur, not human. The trade war between the U.S. and China is escalating. Wells Fargo apologizes to customers for recent account problems.
Sell Long-In-The-Tooth FAANGs, Boomers Retiring Will Wipe Out Most “High” Yielding Investment Funds. Cohen claims Trump knew in advance of 2016 Trump Tower meeting. Trump budget director says GDP jump was no ‘sugar high.’ Wells Fargo looks to sell its Eastdil Secured real-estate division: Wall Street Journal.
Mueller Examining Trump’s Tweets In Wide-Ranging Obstruction Inquiry. Facebook’s $100 billion-plus rout is the biggest loss in stock market history. Federal prosecutors subpoena top Trump Organization official in connection to Cohen probe.
Exclusive: White House Stops Announcing Calls With Foreign Leaders. Oil prices supported by API inventory, US-Iran tensions. Wal-Mart will chauffeur shoppers in self-driving Waymo cars. GM stock at lowest level since May after earnings, lowered profit outlook. China pulls approval for Facebook’s planned venture. Kasich: Trump using ‘farm welfare’ instead of ending tariffs. Trump planning huge tariffs on foreign cars despite opposition: report.
Harley Shares Rally After Profit-Margin Forecast Cut On Tariff Hit. Trade war bailout: Trump administration plans to offer $12 billion in emergency aid for farmers hurt by tariffs. Rep. Moulton: Trump’s Twitter ‘temper tantrums’ a mistake with Iran. Eurozone private sector growth cools in July. Whirlpool plunges 14% as tariffs wreak havoc with costs and suppliers. David Rosenberg issues bubble warning in credit market: It will tear into stocks.
Trump Warns Iran’s President Rouhani: ‘NEVER, EVER THREATEN THE UNITED STATES AGAIN.’ Putin begins his fourth term as Russia’s president. Ocean Rig announces new deals, says rig demand picking up. We are all living under constant surveillance. Rep. Himes: Trump ‘regards war as a way to solve political problems.’ Analysis: Most large U.S. newspapers have experienced layoffs in past 16 months. ‘The facts are clear’: NY AG says Trump’s waffling on Russia threatens America’s election systems. NY Times columnist Michelle Goldberg declares Trump a ‘con man’ ‘compromised’ by Putin. U.S. home sales sag as prices race to record high. Crude pulls back as focus returns to oversupply.
Accused Russian Spy Maria Butina Took Meetings With Top U.S. Treasury Officials. China targets Apple with push into advanced smartphone screens. South Carolina GOP Congressman Mark Sanford warns of Trump’s ‘autocratic style.’ Gowdy: ‘Disconnect cannot continue’ between Trump and intelligence community. U.S. tariffs to cost Germans up to 20 billion euros this year: report.
Mnuchin Says He ‘Wouldn’t Minimize’ Chance Of Tariffs On All Chinese Imports. U.S. drillers cut rigs by most since March this week: Baker Hughes. Trump signals consequences for Michael Cohen over secret recording. Trump says ‘inconceivable’ that Cohen recorded conversation about ex-Playmate payment. IMF warns G20 that tariffs hurting economy as Trump threatens more. Ecuador will imminently withdraw asylum for Julian Assange and hand him over to the UK.
Seventeen Dead And Seven Injured After Duck-Boat Carrying 31 Capsizes – Including At Least Three Children. Cohen recording indicates Trump blatantly lied when he said he didn’t know about McDougal payment. Oil prices could top $120 before year-end. Trump threatens tariffs on all $500 billion of Chinese imports.
Blackstone Posts 55 Percent Rise In Second Quarter Earnings Per Share… By Reducing The Number Of Outstanding Shares. White House struggles to contain political outcry over Trump-Putin summit. Trump says he accepts DNI Coats’ view that Russia meddling continues. Kudlow says President Trump is ‘so dissatisfied’ with China trade talks that he is keeping the pressure on. UK watchdog and EU tell banks to prepare for hard Brexit. Donald Trump says he’s ‘not happy’ about Federal Reserve interest-rate increases.
EU Fines Google $5 Billion Over Android Antitrust Abuse. Defiant Trump says Russia not targeting U.S., calls critics deranged. Manufacturers are concerned about impact of tariffs: Fed. U.S. mutual fund investors ditch equities despite S&P 500 gains: ICI. Oil prices volatile as U.S. crude stockpiles rise unexpectedly and output climbs to a record. Housing starts tumble to 9-month low as market headwinds crush momentum.
The Latest: Trump Says He Misspoke On Russia Meddling. Record-breaking fine expected this week could put Google’s business model at stake. Dollar strengthens after Fed chair remarks, global stocks higher. U.S. dealers expect foreign cars to cost more if auto tariffs enacted. Global gas flaring declined in 2017 after years of growth, data show. Trump bashes media coverage of Putin meeting, NATO Summit. The Fed’s making a mistake and it could cause a recession by next summer: Natixis economist.
This Is The ‘Biggest Bubble In The History Of Mankind And It’s Going To Burst,’ Ron Paul Says. Trump resists Mueller interview, leaving decision on subpoena before fall elections. There are ‘tremendous storm clouds on the horizon’ for markets: Guggenheim’s executive chairman. Former ambassador: Putin likely viewed Trump’s phone call earlier this year as sign of ‘weakness.’ Morgan Stanley’s stock market analyst warns clients to stop yawning at his bearish call and get defensive.
“I Think The European Union Is A Foe,” Trump Says Ahead Of Putin Meeting In Helsinki. Trump-Putin summit: U.S. leader has low expectations. My deal is the only Brexit deal – wreck it at your peril: THERESA MAY’s steely warning to Tory rebels AND those bully boys from Brussels. U.S. oil boom delivers surprise for traders – and it’s costly.
U.S. And Allies Consider Possible Strategic Oil-Reserve Release. Mueller team pushing for information on Roger Stone, WikiLeaks, sources say. 2018: Democrats lead GOP by 12 million registered voters, 40% D, 29% R, 28% I. Trump expected to skip appearance at All-Star Nationals Game.
12 Russians Accused Of Hacking Democrats In 2016 U.S. Election. Oil edges lower, set for big weekly decline. Trump says Iran will seek fresh deal as looming sanctions weigh on economy. Trump dishes up fresh dose of chaos aimed at May, Londoners. China’s trade surplus with U.S. hits record. Japan industrial production falls as estimated. China’s record trade surplus with U.S. risks further inflaming trade tensions. Feds collect record individual Income Taxes through June; Still run $607B deficit.
Trump Claims NATO Victory After Ultimatum To Go It Alone. TSA screeners win immunity from abuse claims: appeals court. Migrants describe hunger and solitary confinement at for-profit detention center. Oil steadies despite IEA warning of spare capacity limits. North Korea fails to attend talks on repatriation of U.S. war dead. Prosecutors drop charges against Stormy Daniels. Mnuchin seeks to calm fears of economic fallout from tariffs.
“What Good Is NATO?” Trump Criticizes Germany And Other Allies At Summit. OPEC’s oil output jumps in June as Saudi Arabia opens the taps to tame crude prices. PM May says EU needs to change course or risk ‘no deal’ Brexit. Trump slams Germany at NATO summit: It’s ‘totally controlled by Russia.’ Trump attacks NATO at NATO summit, abruptly demands allies dramatically increase military spending. Trump tells NATO leaders to increase defense spend to 4 percent.
$152,237,500,000: Merchandise Trade Deficit With China Hit Record Through May. PM May says EU needs to change course or risk ‘no deal’ Brexit. Oil mixed on supply disruptions; chance of Iran sanctions waivers. Just three stocks are responsible for most of the market’s gain this year. Technical charts point to S&P 2,800 — and then a pullback.
Defiant May Insists On Brexit Strategy After Blow Of Davis Resignation. Iran calls for EU help as shipping giant pulls out for fear of U.S. sanctions. Russia building up military sites on Poland’s border before Trump-Putin meeting. Dominic Raab replaces David Davis as Brexit secretary. If Trump’s tariffs sink China, be on high alert for the U.S. to follow suit.
U.S. Triggers China Tariffs, Fuels Fears Of Escalating Trade War. ‘There is concern across Europe’ about what Trump might promise Putin. Amazon’s purchase of Whole Foods flipped the meal kit industry upside down; celebrity spokes models, football stars help sell vegan dinners. CNN’s Stelter blasts Trump-Hannity relationship: ‘Let’s just underscore how weird this is.’ Trump NATO envoy: Russia is trying to ‘flip’ Turkey. North Korea: Mike Pompeo rejects ‘gangster-like’ accusation. Graham on NKorea’s Rebuke: ‘I see China’s hands all over this.’
Whiskey Wars: Trade Tariffs Hit Hard In Trump Country. May wins support from divided UK government on Brexit plan. Sterling hits two-week high vs. dollar after Brexit strategy deal. U.S. jobs growth lifts Wall Street, offsetting tariffs. Dollar slumps after U.S. non-farm payrolls data, tariffs kick in. Violent protests erupt in Haiti as fuel prices spike. Trump’s personal calls to world leaders leave White House aides in the dark.
Trump Launches The Opening Salvo In U.S. Trade War With China As Tariffs Take Effect. Argentina’s currency crisis is far from over. U.S. Navy: Will protect commerce in face of Iran oil threat. Trump orders OPEC to tame gas prices, but analysts blame his Iran sanctions for rising fuel costs. China says U.S. ‘opening fire’ on world with tariffs, vows to respond.
Saudi Plans First Change In Asia Crude Oil Price Formula In Decades, To Use DME Oman. Mueller taps more prosecutors to help with growing Trump probe. Jobless claims hit 6-week high of 231,000, but layoffs still near lowest level in decades. Argentina’s currency crisis is far from over. US Navy: Will protect commerce in face of Iran oil threat. U.S. oil prices down after EIA reports surprise weekly climb in U.S. crude supplies. Trump orders OPEC to tame gas prices, but analysts blame his Iran sanctions for rising fuel costs. Noble Energy adds to Permian-to-Gulf crude pipeline capacity.
U.S. Crude Sellers Slash Prices To Asia. General Motors’ China vehicle sales growth rate eases in second-quarter. Trade worries dent stocks, Yuan steadies. Investors challenged by rising rates and trade war. Chinese tariffs on U.S. goods to take effect at start of July 6 – source. Blame ‘superstar’ tech firms for slow wage growth: OECD. U.S. pressing allies to end Iran oil imports by November deadline, official says. The Memo: Trump faces crucial stretch. ‘We are the casualty:’ U.S. pig farmers brace for second round of pork tariffs from China, Mexico.
Trump Will Release SPR Oil Reserves. U.S. households lose as gas prices rise. Oil tops $75 for first time since 2014 and then plunges. U.S. moves to keep China Mobile out. China’s June export growth to U.S. slows sharply – China customs. China trade worries depress Asian markets. A shouting Elon Musk and changing rules: Inside Telsa’s Model 3 sprint. Mall vacancies at highest point since 2012. Trump doesn’t care what people think about his relationship with Putin. Escalating trade war starts to make economic impact. Trump moves to block China Mobile’s U.S. entry, citing security concerns. BP begins gas delivery from $28bn Shah Deniz 2 project in Azerbaijan. China expected to cancel 1.1 million tonnes of soybeans from the U.S. as new tariff bites. China’s yuan continues to fall, sparking comparisons to 2015 rout. Manhattan real estate has worst second quarter since financial crisis.
EU Reportedly Warns Of New Tariffs Worth $300 Billion If Trump Targets Automakers. Canada retaliatory tariffs on U.S. goods come into force. Mexican leftist Lopez Obrador wins presidency. Robot cooks and assembles burgers in 5 minutes at this new San Francisco restaurant. Oil falls as OPEC output rises, more production planned. Asian factories lose momentum even before Trump’s tariffs kick in.
Saudi Arabia Can Pump Much More Oil Than They Are Telling You. A surprise deal to boost world oil supply could ‘stir the pot’ in the Middle East. Carrier USS Harry S. Truman operating in the Atlantic as Russian submarine activity is on the rise. Greenlight Capital suffers 7% drop in June, and is down over 18% this year. Rents in Southern California go nuts. Bay Area & Seattle “mixed.” Chicago & Honolulu in free-fall. New York City sharply lower. Washington DC loses grip. But rents soar 10-15% in many markets. Scaramucci warns Trump must ‘change tactics now’ on trade. Trump says OPEC manipulating oil market, warns Europe on Iran.