Videos show gunfire amid Iran protests over water scarcity

Online videos appear to show Iranian security forces shooting at protesters early Sunday amid demonstrations over water scarcity in the country’s south, though authorities said only one person was wounded in the clashes. Protests began in Khorramshahr, Abadan and other areas of Iran’s oil-rich Khuzestan province on Friday. But late Saturday and into early Sunday morning, protesters began throwing stones and confronting security forces in Khorramshahr, according to widely shared online videos. Ir


Online videos appear to show Iranian security forces shooting at protesters early Sunday amid demonstrations over water scarcity in the country’s south, though authorities said only one person was wounded in the clashes. Protests began in Khorramshahr, Abadan and other areas of Iran’s oil-rich Khuzestan province on Friday. But late Saturday and into early Sunday morning, protesters began throwing stones and confronting security forces in Khorramshahr, according to widely shared online videos. Ir
Videos show gunfire amid Iran protests over water scarcity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, gunfire, oil, demonstrations, khorramshahr, protests, scarcity, water, iran, amid, drought, trumps, videos, protesters, iranian


Videos show gunfire amid Iran protests over water scarcity

Online videos appear to show Iranian security forces shooting at protesters early Sunday amid demonstrations over water scarcity in the country’s south, though authorities said only one person was wounded in the clashes.

The protests around Khorramshahr, some 400 miles southwest of Tehran, come as residents of the predominantly Arab city near the border with Iraq complain of salty, muddy water coming out of their taps amid a years-long drought.

The unrest there only compounds the wider unease felt across Iran as it faces an economic crisis sparked by President Donald Trump’s decision to withdraw America from Tehran’s nuclear deal with world powers.

Protests began in Khorramshahr, Abadan and other areas of Iran’s oil-rich Khuzestan province on Friday. The demonstrations initially were peaceful, with protesters chanting in both Arabic and Farsi.

But late Saturday and into early Sunday morning, protesters began throwing stones and confronting security forces in Khorramshahr, according to widely shared online videos.

Heavy rifle and machine gun fire rang out, with one video showing demonstrators dragging away a man who couldn’t walk. Another video appeared to show a man carrying a Kalashnikov assault rifle on the back of a motorcycle near protesters.

Iran’s state-run IRNA news agency later reported that protesters threw stones and debris at police, who responded with tear gas. It did not mention the gunfire.

Iranian state television reported Sunday afternoon that “peace had returned” to Khorramshahr and an unspecified number of protesters had been arrested. It also said some demonstrators carried firearms during the unrest.

It’s unclear what sparked the violence. However, Khorramshahr and the wider Khuzestan province have seen pipeline bombings by Arab separatists in the past. Tens of thousands of civilians and soldiers were killed in the province during the 1980s Iran-Iraq war.

Exacerbating that unrest is the drought. The Iran Meteorological Organization estimates 97 percent of the country faced some form of drought. Analysts also blame government mismanagement for diverting water away from some farmers in favor of others.

“Although Iran has a history of drought, over the last decade, Iran has experienced its most prolonged, extensive and severe drought in over 30 years,” said a recent report by the Food and Agriculture Organization, a United Nations agency.

The protests overnight come after three days of demonstrations last week in Tehran, including protesters confronting police outside parliament and officers firing tear gas at the demonstrators. The rallies led to the temporary closure of the city’s Grand Bazaar.

The anger is fueled by the Iranian rial plunging to 90,000 to the dollar — double the government rate of 42,000 — as people watch their savings dwindle and shopkeepers hold onto some goods, uncertain of their true value.

Similar economic protests roiled Iran and spread to some 75 cities and towns at the end of last year, becoming the largest demonstrations in the country since the months-long rallies following the 2009 disputed presidential election. At least 25 people were killed and nearly 5,000 arrested during the protests in late December and early January, which took place largely in Iran’s provinces rather than the capital.

The economic crisis has been fueled by Trump’s May 8 decision to pull the U.S. out of the 2015 nuclear deal and restore sanctions. International firms that made billion-dollar deals with Iran largely have pulled out of them, while the U.S. now is demanding its allies stop buying Iranian oil.

Iran’s first Vice President Eshaq Jahangiri on Sunday mocked the U.S. for “begging the Saudis” to increase oil production to drive down rising global oil prices. Trump claimed Saturday that Saudi Arabia might increase its production by some 2 million barrels of oil a day after a call with King Salman. Saudi Arabia later acknowledged the call, but did not mention Trump’s 2-million-barrel claim.

“If any country attempts to take Iran’s place in the oil market in this battle, we will consider it a big treachery to the Iranian nation and the world community and they will surely pay for this betrayal someday,” Jahangiri said, without elaborating.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, gunfire, oil, demonstrations, khorramshahr, protests, scarcity, water, iran, amid, drought, trumps, videos, protesters, iranian


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Iran urges OPEC members to refrain from unilateral actions

Iran has asked fellow OPEC members to “refrain from any unilateral measures”, warning that would undermine the unity of OPEC, following reports that Saudi Arabia has raised its oil production to a record high this month. “I hereby request your excellency to remind OPEC member countries to adhere to their commitments… refrain from any unilateral measures undermining the unity and independence of the OPEC,” he added. That would be roughly 1 million barrels per day of crude oil output increase ac


Iran has asked fellow OPEC members to “refrain from any unilateral measures”, warning that would undermine the unity of OPEC, following reports that Saudi Arabia has raised its oil production to a record high this month. “I hereby request your excellency to remind OPEC member countries to adhere to their commitments… refrain from any unilateral measures undermining the unity and independence of the OPEC,” he added. That would be roughly 1 million barrels per day of crude oil output increase ac
Iran urges OPEC members to refrain from unilateral actions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: ali mohammadi, bloomberg, getty images
Keywords: news, cnbc, companies, oil, unilateral, output, million, wrote, zanganeh, iran, opec, refrain, saudi, actions, supply, urges, members, unity


Iran urges OPEC members to refrain from unilateral actions

Iran has asked fellow OPEC members to “refrain from any unilateral measures”, warning that would undermine the unity of OPEC, following reports that Saudi Arabia has raised its oil production to a record high this month.

As Tehran seeks ways to counter U.S. sanctions that would restrict its exports and eat into its market share, Iranian Oil Minister Bijan Zanganeh wrote to his UAE counterpart, Suhail al-Mazrouei, who holds the OPEC presidency in 2018, urging him to remind OPEC members to adhere to last month’s agreement.

“Any increase in the production by any member country beyond commitments stipulated in OPEC’s decisions … would constitute breach of the agreement,” Zanganeh wrote in the letter seen by Reuters and reported by Iranian state media.

“I hereby request your excellency to remind OPEC member countries to adhere to their commitments… refrain from any unilateral measures undermining the unity and independence of the OPEC,” he added.

OPEC agreed with Russia and other oil-producing allies on June 23 to raise output from July, with Saudi Arabia pledging a “measurable” supply boost, but giving no specific numbers.

OPEC and non-OPEC countries said they would raise supply by returning to 100 percent compliance with previously agreed output cuts, after months of underproduction. That would be roughly 1 million barrels per day of crude oil output increase according to OPEC officials.

But since then sources familiar with Saudi oil thinking have briefed the market about an imminent rise in Saudi output to a record. Last week, a source told Reuters that Saudi output would rise to 11 million bpd in July, a whole 1 million bpd above May.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: ali mohammadi, bloomberg, getty images
Keywords: news, cnbc, companies, oil, unilateral, output, million, wrote, zanganeh, iran, opec, refrain, saudi, actions, supply, urges, members, unity


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Protesters flood US cities to fight Trump immigration policy

A Brazilian mother separated from her 10-year-old son more than a month ago approached the microphone at the Boston rally. So I beg everyone, please release these children, give my son back to me,” she said through an interpreter, weeping. Around her, thousands waved signs: “I care,” some read, referencing a jacket that first lady Melania Trump wore when traveling to visit child migrants. Organizer Michelle Wentz says opposition to the Trump administration’s “barbaric and inhumane” policy has se


A Brazilian mother separated from her 10-year-old son more than a month ago approached the microphone at the Boston rally. So I beg everyone, please release these children, give my son back to me,” she said through an interpreter, weeping. Around her, thousands waved signs: “I care,” some read, referencing a jacket that first lady Melania Trump wore when traveling to visit child migrants. Organizer Michelle Wentz says opposition to the Trump administration’s “barbaric and inhumane” policy has se
Protesters flood US cities to fight Trump immigration policy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: jonathan ernst
Keywords: news, cnbc, companies, urged, immigration, thousands, care, crowd, families, son, trump, policy, fight, cities, read, children, protesters, flood


Protesters flood US cities to fight Trump immigration policy

Here are the businesses profiting from immigration enforcement 11:33 AM ET Fri, 29 June 2018 | 05:14

Those marching Saturday demanded the government quickly reunite the families that were already divided.

A Brazilian mother separated from her 10-year-old son more than a month ago approached the microphone at the Boston rally.

“We came to the United States seeking help, and we never imagined that this could happen. So I beg everyone, please release these children, give my son back to me,” she said through an interpreter, weeping.

“Please fight and continue fighting, because we will win,” she said.

The crowd erupted.

In Washington, D.C., an estimated 30,000 marchers gathered in Lafayette Park across from the White House in what was expected to be the largest protest of the day, stretching for hours under a searing sun. Firefighters at one point misted the crowd to help people cool off.

Lin-Manuel Miranda, creator of the musical “Hamilton,” sang a lullaby dedicated to parents unable to sing to their children. Singer-songwriter Alicia Keys read a letter written by a woman whose child had been taken away from her at the border.

“It’s upsetting. Families being separated, children in cages,” said Emilia Ramos, a cleaner in the district, fighting tears at the rally. “Seeing everyone together for this cause, it’s emotional.”

Around her, thousands waved signs: “I care,” some read, referencing a jacket that first lady Melania Trump wore when traveling to visit child migrants. The back of her jacket said, “I really don’t care, do U?” and it became a rallying cry for protesters Saturday.

“I care!! Do you?” read Joan Culwell’s T-shirt as she joined a rally in Denver.

“We care!” marchers shouted outside Dallas City Hall. Organizer Michelle Wentz says opposition to the Trump administration’s “barbaric and inhumane” policy has seemed to transcend political lines.

“This is the issue crossing the line for a lot of people,” said Robin Jackson, 51, of Los Angeles, who protested with thousands carrying flags, signs and babies.

Singer John Legend serenaded the crowd and Democratic politicians who have clashed with Trump had strong words for the president, including U.S. Rep. Maxine Waters who called for his impeachment.

The president took to Twitter amid the protests, first to show his support for Immigration and Customs Enforcement as some Democrats called for major changes to the agency. Tweeting Saturday from New Jersey, Trump urged ICE agents to “not worry or lose your spirit” and wrote that “the radical left Dems want you out. Next it will be all police.”

He later tweeted that he never pushed House Republicans to vote for immigration overhaul measures that failed last week, contradicting a post three days ago in which he urged GOP congressional members to pass them.

In Trump’s hometown of New York City, another massive crowd poured across the Brooklyn Bridge in sweltering 90-degree heat, some carrying their children on their shoulders, chanting, “Shame!” Drivers honked their horns in support.

“It’s important for this administration to know that these policies that rip apart families — that treat people as less than human, like they’re vermin — are not the way of God, they are not the law of love,” said the Rev. Julie Hoplamazian, an Episcopal priest marching in Brooklyn.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: jonathan ernst
Keywords: news, cnbc, companies, urged, immigration, thousands, care, crowd, families, son, trump, policy, fight, cities, read, children, protesters, flood


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Facebook gave 61 companies access to user data

Can you guarantee that Facebook will not sell data without proper consent? : European Parliament to Mark Zuckerberg 2:27 PM ET Tue, 22 May 2018 | 08:16Facebook has admitted that it gave dozens of companies access to its users’ data after saying it had restricted access to such data back in 2015, the latest wrinkle in a firestorm over how the social network manages user information. In news first reported by The Wall Street Journal, Facebook handed a 747-page document to U.S. lawmakers released l


Can you guarantee that Facebook will not sell data without proper consent? : European Parliament to Mark Zuckerberg 2:27 PM ET Tue, 22 May 2018 | 08:16Facebook has admitted that it gave dozens of companies access to its users’ data after saying it had restricted access to such data back in 2015, the latest wrinkle in a firestorm over how the social network manages user information. In news first reported by The Wall Street Journal, Facebook handed a 747-page document to U.S. lawmakers released l
Facebook gave 61 companies access to user data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: fred imbert, reuterstv
Keywords: news, cnbc, companies, companies, lawmakers, zuckerberg, access, facebook, data, 2015, 61, gave, user, granted, users


Facebook gave 61 companies access to user data

Can you guarantee that Facebook will not sell data without proper consent? : European Parliament to Mark Zuckerberg 2:27 PM ET Tue, 22 May 2018 | 08:16

Facebook has admitted that it gave dozens of companies access to its users’ data after saying it had restricted access to such data back in 2015, the latest wrinkle in a firestorm over how the social network manages user information.

In news first reported by The Wall Street Journal, Facebook handed a 747-page document to U.S. lawmakers released late Friday. In that cache of information, Facebook said it granted 61 companies like AOL, Nike, UPS and dating app Hinge a “one-time” six-month extension to comply with its policy changes on user data. In addition, there are at least five other firms that may have accessed limited data, due to access they were granted as part of a Facebook experiment, the company added.

In 2015, Facebook said it had cut off developer access to its users’ data and their friends.

.The document’s revelations comes months after it was revealed that 87 million Facebook profiles were harvested by Cambridge Analytica, a political analytics firm, without people’s express consent.

This led to public outcry for lawmakers to hold Facebook accountable for its data-management practices. It also pushed down Facebook’s stock by nearly 20 percent in March, but it has since recovered.

Facebook did not immediately respond to CNBC’s request for additional comment.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: fred imbert, reuterstv
Keywords: news, cnbc, companies, companies, lawmakers, zuckerberg, access, facebook, data, 2015, 61, gave, user, granted, users


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What Elon Musk told Tesla after the car maker met its Model 3 goal

On Sunday, Musk sent an effusively worded communication to all employees, thanking them for their hard work, adding that the company became “a real car company” in the process. CNBC obtained a copy of the email Musk sent to Tesla staffers, which can be read in full below:From: Elon MuskTo: EverybodySubj. Transporting entire production lines across the world in massive cargo planes. What’s more, with the widespread productivity gains throughout Tesla and the new production lines spooling up, we a


On Sunday, Musk sent an effusively worded communication to all employees, thanking them for their hard work, adding that the company became “a real car company” in the process. CNBC obtained a copy of the email Musk sent to Tesla staffers, which can be read in full below:From: Elon MuskTo: EverybodySubj. Transporting entire production lines across the world in massive cargo planes. What’s more, with the widespread productivity gains throughout Tesla and the new production lines spooling up, we a
What Elon Musk told Tesla after the car maker met its Model 3 goal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: phil lebeau, javier e david, lora kolodny, robert ferris, daniel acker, getty images
Keywords: news, cnbc, companies, maker, company, production, lines, met, goal, model, elon, tesla, told, musk, real, hard, car, work, sent


What Elon Musk told Tesla after the car maker met its Model 3 goal

On Sunday, Musk sent an effusively worded communication to all employees, thanking them for their hard work, adding that the company became “a real car company” in the process.

CNBC obtained a copy of the email Musk sent to Tesla staffers, which can be read in full below:

From: Elon Musk

To: Everybody

Subj. 7000

Jul. 1, 12:37 PM

We did it!! What an incredible job by an amazing team. Couldn’t be more proud to work with you. It is an honor.

The level of dedication and creativity was mind-blowing. We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible.

Intense in tents. Transporting entire production lines across the world in massive cargo planes. Whatever. It worked.

Not only did we factory gate over 5000 Model 3’s, but we also achieved the S & X production target for a combined 7000 vehicle week!

What’s more, with the widespread productivity gains throughout Tesla and the new production lines spooling up, we are on track to reach 6k/week for Model 3 next month.

I think we just became a real car company …

Thank you for your hard work and dedication,

Elon


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: phil lebeau, javier e david, lora kolodny, robert ferris, daniel acker, getty images
Keywords: news, cnbc, companies, maker, company, production, lines, met, goal, model, elon, tesla, told, musk, real, hard, car, work, sent


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Dell to acquire tracking stock, leave VMware alone for the time being, sources say

Dell Technologies plans to announce an acquisition of its publicly traded tracking stock that mirrors the performance of VMware, in a cash-and-stock deal as early as Sunday, people familiar with the matter told CNBC. The deal, which was also reported by The Wall Street Journal, will eliminate the tracking stock but will leave VMware unaffected. Dell will become a publicly traded stock as a result of the deal. VMware is more than 80 percent controlled by holders of the Dell tracking stock (Dell’s


Dell Technologies plans to announce an acquisition of its publicly traded tracking stock that mirrors the performance of VMware, in a cash-and-stock deal as early as Sunday, people familiar with the matter told CNBC. The deal, which was also reported by The Wall Street Journal, will eliminate the tracking stock but will leave VMware unaffected. Dell will become a publicly traded stock as a result of the deal. VMware is more than 80 percent controlled by holders of the Dell tracking stock (Dell’s
Dell to acquire tracking stock, leave VMware alone for the time being, sources say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: alex sherman, drew angerer, getty images
Keywords: news, cnbc, companies, vmware, stock, dvmt, say, technologies, publicly, acquire, leave, holders, traded, sources, dell, deal, tracking


Dell to acquire tracking stock, leave VMware alone for the time being, sources say

Dell Technologies plans to announce an acquisition of its publicly traded tracking stock that mirrors the performance of VMware, in a cash-and-stock deal as early as Sunday, people familiar with the matter told CNBC.

The deal, which was also reported by The Wall Street Journal, will eliminate the tracking stock but will leave VMware unaffected. It temporarily concludes months of deliberation about strategic options from Dell and its board.

Dell will offer DVMT shareholders “significantly” more DHI common stock (Dell’s privately held shares) than cash, said the people, who asked not to be named because the discussions are still private. Dell will become a publicly traded stock as a result of the deal. DVMT will be acquired at a premium in line with standard transactions, the people said.

The transaction will give Dell Technologies more direct control over VMware’s fate. VMware is more than 80 percent controlled by holders of the Dell tracking stock (Dell’s Class V shares) and Dell’s DHI shareholders (Michael Dell and Silver Lake).

Upon completion of the deal, Dell Technologies will assume that control directly over VMware. That could lead Dell to pursue a merger with VMware down the road, said the people. In that sense, a deal for DVMT could be seen as step one in a two-step deal, the people said.

Dell’s initial plan to roll up into VMware couldn’t be done at this time because of resistance from VMware’s board and special committee, the people said.

VMware will pay a $9 billion dividend to DVMT holders as part of the deal announcement, said the people. Dell will use proceeds from the dividend to pay out its tracker holders. DVMT holders will get a shareholder vote on the deal, the people said.

Dell considered several other transactions since January, including going public and pursuing a reverse merger with VMware. Dell has wanted to simplify its capital structure, give its private holders a publicly traded currency and increase its ownership of VMware.

Back in May, Dell hinted at a stock deal with owners of DVMT, which has a market capitalization of about $17 billion.

A Dell spokesman couldn’t immediately be reached for comment. A VMware spokesman declined to comment.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: alex sherman, drew angerer, getty images
Keywords: news, cnbc, companies, vmware, stock, dvmt, say, technologies, publicly, acquire, leave, holders, traded, sources, dell, deal, tracking


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Asia economies discuss trade pact amid rising protectionism

Japan seeks to take leadership in shaping the pact as an alternative to a Pacific Rim free-trade grouping that Trump abandoned early this year. They noted that the participants see it as a chance to show Asia’s commitment to defend free trade. Trump has imposed high tariffs on steel and aluminum imports and has threatened to add automobiles to reduce America’s trade deficit. Trump’s moves have resonated in Asia, where many countries have prospered thanks to free trade and the expansion of global


Japan seeks to take leadership in shaping the pact as an alternative to a Pacific Rim free-trade grouping that Trump abandoned early this year. They noted that the participants see it as a chance to show Asia’s commitment to defend free trade. Trump has imposed high tariffs on steel and aluminum imports and has threatened to add automobiles to reduce America’s trade deficit. Trump’s moves have resonated in Asia, where many countries have prospered thanks to free trade and the expansion of global
Asia economies discuss trade pact amid rising protectionism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: mikhail svetlov, getty images
Keywords: news, cnbc, companies, global, discuss, economies, tariffs, amid, rising, trade, asia, protectionism, free, pact, countries, meeting, zealand, abe


Asia economies discuss trade pact amid rising protectionism

Japan’s Prime Minister Shinzo Abe on Sunday called for an early conclusion of a regional trade pact that ensures free and rules-based commerce in the face of an increasingly protectionist United States under President Donald Trump.

At a meeting of the Regional Comprehensive Economic Partnership, or RCEP, which is co-chaired by Japan and Singapore, trade ministers and officials from 16 countries renewed their commitment to speed up negotiations on outstanding issues by the end of the year.

Japan seeks to take leadership in shaping the pact as an alternative to a Pacific Rim free-trade grouping that Trump abandoned early this year.

At a joint news conference after the talks, Japanese Trade Minister Horoshige Seko and his Singaporean counterpart, Chang Chun Sing, said the 16 participants agreed to reach a basic conclusion at a year-end Singapore meeting. They noted that the participants see it as a chance to show Asia’s commitment to defend free trade.

In a joint statement, the ministers said achieving a pact is important especially “in view of the current global trade environment, which faces serious risks from unilateral trade actions and reactions, as well as their debilitating implications on the multilateral trading system.” They also pledged to seek breakthroughs in politically challenging areas.

Earlier Sunday in his opening remarks, Abe said a pact among the countries that together make up half the global population has an enormous growth potential.

“As we are faced with concerns of the rise of protectionism in the world, all of us in Asia must unite, and our future depends on whether we can keep hoisting our flagship principle of free and fair trade,” Abe told the meeting in Tokyo. “Let us be as one and achieve a free, fair and rules-based market in this region.”

Trump, who says he prefers bilateral deals, has pulled the U.S. out of the Trans-Pacific Partnership, leaving the remaining 11 countries from Chile to New Zealand to work on a revamped version of that pact.

Trump has imposed high tariffs on steel and aluminum imports and has threatened to add automobiles to reduce America’s trade deficit. He has singled out China’s products, prompting fears of a trade war.

Japan, already hit by increased U.S. steel and aluminum tariffs, has told the World Trade Organization it may retaliate against U.S. goods totaling about 50 billion yen ($450 million). Japan’s government on Friday warned the U.S. Department of Commerce that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese automobile industry-related companies, raising prices for U.S. consumers and causing a disaster for the U.S and global economy.

Trump’s moves have resonated in Asia, where many countries have prospered thanks to free trade and the expansion of global supply chains.

Japan hopes to conclude the RCEP pact by the end of this year. Members of the initiative, launched in 2013, however still struggle with issues including tariffs, trade in services and investment rules, as well as protection for intellectual property rights. Japan is also cautious about China’s influence. China, which is not part of the TPP, plays a key role in RCEP.

RCEP also includes Southeast Asia, Australia, New Zealand, India and South Korea.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: mikhail svetlov, getty images
Keywords: news, cnbc, companies, global, discuss, economies, tariffs, amid, rising, trade, asia, protectionism, free, pact, countries, meeting, zealand, abe


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Trump: Lets wait until after the midterms to sign NAFTA deal

President Donald Trump said Sunday he wants to wait until after the midterm elections to move forward on a new NAFTA deal with Mexico and Canada, with the parties locked in tough negotiations. Separately, trade tensions between the three NAFTA principals have increased recently, with the U.S. slapped import tariffs on Mexican and Canadian steel and aluminum imports. “NAFTA, I could sign it tomorrow, but I’m not happy with it,” Trump told the Fox Business Network in an interview. Trump also threa


President Donald Trump said Sunday he wants to wait until after the midterm elections to move forward on a new NAFTA deal with Mexico and Canada, with the parties locked in tough negotiations. Separately, trade tensions between the three NAFTA principals have increased recently, with the U.S. slapped import tariffs on Mexican and Canadian steel and aluminum imports. “NAFTA, I could sign it tomorrow, but I’m not happy with it,” Trump told the Fox Business Network in an interview. Trump also threa
Trump: Lets wait until after the midterms to sign NAFTA deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: fred imbert, kevin lamarque
Keywords: news, cnbc, companies, sign, european, opec, midterms, deal, tensions, tax, trump, president, trade, nafta, lets, mexico, wait, going


Trump: Lets wait until after the midterms to sign NAFTA deal

President Donald Trump said Sunday he wants to wait until after the midterm elections to move forward on a new NAFTA deal with Mexico and Canada, with the parties locked in tough negotiations.

The Congressional midterms are scheduled for Nov. 6, with Democrats poised to gain seats in the House, and possibly retake a majority. Separately, trade tensions between the three NAFTA principals have increased recently, with the U.S. slapped import tariffs on Mexican and Canadian steel and aluminum imports.

Both Mexico and Canada have retaliated with levies on U.S. goods of their own, targeting yogurt, toilet paper, whiskey, apples pork and cheese, among others. The simmering trade disputes have made it even more difficult to strike a new North American accord.

“NAFTA, I could sign it tomorrow, but I’m not happy with it,” Trump told the Fox Business Network in an interview. “I want to make it more fair.”

He added: “I want to wait until after the election. You’re going to have an election. I think it’ll be very interesting. I think it’s going to be fine.

Trump also threatened new levies on car imports: “If they’re not fine, I’m going to tax their cars coming into America. That’s the big one,” he said.

Trump has repeatedly railed against NAFTA, a trade deal signed by the U.S., Canada and Mexico signed in 1993, calling it the worst deal ever. The fight has mirrored his broad skepticism over trade agreements in general, with the president repeatedly citing America’s trade deficits as evidence that the world’s largest economy is being systematically disadvantaged by its trading partners.

These tensions have increased volatility in financial markets, with U.S. stocks falling more than 1 percent last week. European and Asian equities also fell broadly as the tensions added to market uncertainty.

Still, Trump proclaimed to Fox Business that “I love free trade. When I was at the G-7 I said: ‘I have an idea: Nobody pay any more tax and you take down your barriers,” he said. “No barriers, no tax.’ … You know what happened? Everybody said: ‘Can we get on to another subject?’”

The Trump administration has also targeted the European Union on trade, threatening to slap a 20 percent tariff on cars coming to the U.S. from the EU. The U.S. also slapped charges on aluminum and steel imports from Europe.

“The European Union is possibly just as bad as China. They’re just smaller,” Trump told the network. “They treat us very badly. They treat us very unfairly.”

Trump also lashed out at OPEC and the price of oil, and whether the market was being manipulated as crude recently hit its highest in more than 3 years. “OPEC is [manipulating prices], and they better stop it because we’re protecting those countries, many of those countries. OPEC is manipulating.”

At a meeting last month, OPEC members announced they would increase production, but did not specify by how much. Ahead of that meeting, Trump had urged the cartel to “substantially” increase output, and surprised the world on Saturday by announcing an agreement with Saudi Arabia to pump more oil into markets.

The president also threatened to sanction European companies that did business with Iran.


Company: cnbc, Activity: cnbc, Date: 2018-07-01  Authors: fred imbert, kevin lamarque
Keywords: news, cnbc, companies, sign, european, opec, midterms, deal, tensions, tax, trump, president, trade, nafta, lets, mexico, wait, going


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Wimbledon 2018: Organizers bank on tradition and enhanced fan experiences

Wimbledon 2018: Organizers bank on tradition and enhanced fan experiences5:00 PM ET Sun, 1 July 2018Wimbledon organizers promise ace championships as Roger Federer, Serena Williams, and others return for two weeks of high-class tennis. CNBC’s Adam Reed reports from the court.


Wimbledon 2018: Organizers bank on tradition and enhanced fan experiences5:00 PM ET Sun, 1 July 2018Wimbledon organizers promise ace championships as Roger Federer, Serena Williams, and others return for two weeks of high-class tennis. CNBC’s Adam Reed reports from the court.
Wimbledon 2018: Organizers bank on tradition and enhanced fan experiences Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-01
Keywords: news, cnbc, companies, tradition, weeks, tennis, return, bank, organizers, experiences, fan, enhanced, wimbledon, williams, serena, roger, 2018, reports


Wimbledon 2018: Organizers bank on tradition and enhanced fan experiences

Wimbledon 2018: Organizers bank on tradition and enhanced fan experiences

5:00 PM ET Sun, 1 July 2018

Wimbledon organizers promise ace championships as Roger Federer, Serena Williams, and others return for two weeks of high-class tennis. CNBC’s Adam Reed reports from the court.


Company: cnbc, Activity: cnbc, Date: 2018-07-01
Keywords: news, cnbc, companies, tradition, weeks, tennis, return, bank, organizers, experiences, fan, enhanced, wimbledon, williams, serena, roger, 2018, reports


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