Scandal in the White House? Clinton aides know what that’s like

Joe Conason, a liberal journalist who wrote a well-sourced book about the Clinton White House scandals, said the Russia probe will be a “full employment act for the D.C. defense bar.” White House Communications Director George Stephanopoulos was swarmed by reporters and TV cameras as climbed into a taxi on his way to a meeting with the grand jury. As Starr’s investigation gained momentum, the White House took pains to limit their staffers’ legal exposure. And the White House set up a dedicated t


Joe Conason, a liberal journalist who wrote a well-sourced book about the Clinton White House scandals, said the Russia probe will be a “full employment act for the D.C. defense bar.” White House Communications Director George Stephanopoulos was swarmed by reporters and TV cameras as climbed into a taxi on his way to a meeting with the grand jury. As Starr’s investigation gained momentum, the White House took pains to limit their staffers’ legal exposure. And the White House set up a dedicated t
Scandal in the White House? Clinton aides know what that’s like Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: alex seitz-wald, leslie e kossoff, getty images
Keywords: news, games, cnbc, companies, thats, clinton, president, told, team, aides, staffers, clintons, white, staff, wrote, scandal, house, know


Scandal in the White House? Clinton aides know what that’s like

Joe Conason, a liberal journalist who wrote a well-sourced book about the Clinton White House scandals, said the Russia probe will be a “full employment act for the D.C. defense bar.”

Hillary and Bill Clinton were in fact “dead broke” when they left office after racking up $10 million dollars in legal debt. But so were many of their staffers, who had to hire lawyers themselves (the Clintons later raised money to help defray aides’ bills).

Clinton’s personal secretary, Betty Currie, recalled feeling like she was putting her colleagues in jeopardy when she spoke with prosecutors.

“They kept asking me questions about people, and at one point I told them, ‘I cannot mention another name to you, because as soon as I mention a name, you subpoena these young kids who can’t afford any lawyers,'” she said.

Former Clinton adviser Sidney Blumenthal joked at a staff meeting once that his recent deposition had been “a very expensive form of therapy,” he wrote in his book.

On his first day on the job as Clinton’s new legislative liaison, Lawrence Stein was kicked out of a meeting and told, “You might want to find another room because you don’t want to hire a lawyer.”

White House Communications Director George Stephanopoulos was swarmed by reporters and TV cameras as climbed into a taxi on his way to a meeting with the grand jury.

“By the end of my White House tenure, receiving a subpoena was a routine matter, another item in the in-box,” Stephanopoulos, now at ABC News, wrote in his book, “All too Human.”

Some staffers also faced damage to their reputations as salacious stories leaked to the press about their personal lives, while others were found to have committed unrelated crimes. One, the chief of staff to the Secretary of Agriculture, was sentenced to 27 months in prison lying to investigators about $22,000 in outside income. Housing Secretary Henry Cisneros plead guilty to making false statements and paid a $10,000 fine.

As Starr’s investigation gained momentum, the White House took pains to limit their staffers’ legal exposure.

Aides were told not to take notes in meetings or even keep personal journals, since all of it could be subpoenaed. And they had to be careful about what they said to each other, even in private, since they could be compelled to testify against each other.

And the White House set up a dedicated team to focus on the investigations so the rest of the staff could pursue the president’s policy agenda.

“The president made it clear that there would be small group that would deal with this so everyone else could do their job for the American people,” said Ann Lewis, who was part the the scandal squad.

Trump’s White House seems to be taking a page from Clinton on that front, creating a “war room” that will be led by Chief of Staff Reince Priebus, senior adviser Steve Bannon, and son-in-law Jared Kushner, officials told NBC News.

But up to know, said Lewis, Trump’s team has been too loose-lipped, disorganized and undisciplined.

“It’s hard to see how they could do it worse,” said Lewis last week before disclosure of the war room. “Is it contained? No. Is there a system where your allies feel like they’re getting a steady stream of information? No. Is there a central team of credible people handling this? No.”

Bernard Nussbaum, Clinton’s first White House Counsel, who warned the president against appointing an independent counsel, said the damage can be devastating.

“They will chase your family. They’ll chase you…They’ll chase your friends,” Nussbaum told the Miller Center at the University of Virginia for an oral history project in which he was discussing advice he gave Clinton. “This will last as long as you’re president and beyond. They’ll be investigating things years from now that we haven’t even dreamed about today.”

Meanwhile, paranoia can pervade the cramped quarters of the West Wing as staffers worry if others will undermine them legally in the privacy of the grand jury chambers, by accident or not.

“It just creates havoc inside an already high-pressured organization that needs to have some sort of esprit de corps in order to function properly,” said Russell Riley, who directs the Presidential Oral History Program at the Miller Center, which has collected interviews with former officials since the Carter Administration.

“There’s this great sense of anxiety and suspicion about where the next shoe may drop,” Riley added.

Maloney, who oversaw about 100 staffers at the executive office, said their faith in Clinton’s ability to be a good president — warts and all — was what kept everyone going. He wonders if Trump aides feel that way.

“When you think about staff, this is not what you signed up for,” Maloney said. “Particularly when you are facing legal bills or reputational damage, and you have to answer questions from family and friends who ask you what you’re doing and why. It can cause real soul searching. And in those moments believing in the person you work for is critical.”


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: alex seitz-wald, leslie e kossoff, getty images
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North Korea leader Kim Jong Un guides test of new anti-aircraft weapon

North Korean leader Kim Jong Un has supervised the test of a new anti-aircraft weapon system and ordered its mass production and deployment throughout the country, the state news agency reported on Sunday, after weeks of defiant ballistic missile tests. The North’s KCNA news agency did not report the exact nature of the weapon or the time of the test but said it was organised by the Academy of National Defense Science, a blacklisted agency that is believed to be developing missiles and nuclear w


North Korean leader Kim Jong Un has supervised the test of a new anti-aircraft weapon system and ordered its mass production and deployment throughout the country, the state news agency reported on Sunday, after weeks of defiant ballistic missile tests. The North’s KCNA news agency did not report the exact nature of the weapon or the time of the test but said it was organised by the Academy of National Defense Science, a blacklisted agency that is believed to be developing missiles and nuclear w
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North Korea leader Kim Jong Un guides test of new anti-aircraft weapon

North Korean leader Kim Jong Un has supervised the test of a new anti-aircraft weapon system and ordered its mass production and deployment throughout the country, the state news agency reported on Sunday, after weeks of defiant ballistic missile tests.

The North’s KCNA news agency did not report the exact nature of the weapon or the time of the test but said it was organised by the Academy of National Defense Science, a blacklisted agency that is believed to be developing missiles and nuclear weapons.

The North has been pushing to develop a wide range of weapon systems since early last year at an unprecedented pace including a long-range missile capable of striking the mainland United States and has in recent weeks tested its intermediate-range ballistic missile, making some technical advances.


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Jet owned by Elvis auctioned after sitting 35 years

A private jet once owned by Elvis Presley has been auctioned after sitting on a runway in New Mexico for 35 years. The plane sold for $430,000 on Saturday at a California event featuring celebrity memorabilia, GWS Auctions Inc. said. The buyer was not disclosed in the sold note posted on the firm’s website, and auctioneer Brigitte Kruse said she could not immediately release information about the buyer or the buyer’s plans for the plane. The auction house says Elvis designed the interior that ha


A private jet once owned by Elvis Presley has been auctioned after sitting on a runway in New Mexico for 35 years. The plane sold for $430,000 on Saturday at a California event featuring celebrity memorabilia, GWS Auctions Inc. said. The buyer was not disclosed in the sold note posted on the firm’s website, and auctioneer Brigitte Kruse said she could not immediately release information about the buyer or the buyer’s plans for the plane. The auction house says Elvis designed the interior that ha
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Jet owned by Elvis auctioned after sitting 35 years

A private jet once owned by Elvis Presley has been auctioned after sitting on a runway in New Mexico for 35 years.

The plane sold for $430,000 on Saturday at a California event featuring celebrity memorabilia, GWS Auctions Inc. said.

The buyer was not disclosed in the sold note posted on the firm’s website, and auctioneer Brigitte Kruse said she could not immediately release information about the buyer or the buyer’s plans for the plane.

The auction house says Elvis designed the interior that has gold-tone woodwork, red velvet seats and red shag carpet. But the red 1962 Lockheed Jetstar has no engine and needs a restoration of its cockpit.


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: gws auctions, inc, ap, michael ochs, archives, getty images
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British Airways resumes flights from London after IT outage causes chaos

British Airways resumed some flights from Britain’s two biggest airports on Sunday after a global computer system failure sowed chaos, leaving planes grounded and thousands of passengers queuing for hours. BA said it aimed to operate a near normal schedule of flights from Gatwick airport and the majority of flights from Heathrow on Sunday, but Heathrow Airport told passengers not to travel to the airport unless they were rebooked on other flights. It said it expected further delays and cancellat


British Airways resumed some flights from Britain’s two biggest airports on Sunday after a global computer system failure sowed chaos, leaving planes grounded and thousands of passengers queuing for hours. BA said it aimed to operate a near normal schedule of flights from Gatwick airport and the majority of flights from Heathrow on Sunday, but Heathrow Airport told passengers not to travel to the airport unless they were rebooked on other flights. It said it expected further delays and cancellat
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Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: daniel leal-olivas, afp, getty images
Keywords: news, games, cnbc, companies, ba, london, heathrow, causes, airways, gatwick, airport, system, resumes, computer, suffered, flights, outage, chaos, passengers, supply, british


British Airways resumes flights from London after IT outage causes chaos

British Airways resumed some flights from Britain’s two biggest airports on Sunday after a global computer system failure sowed chaos, leaving planes grounded and thousands of passengers queuing for hours.

BA said it aimed to operate a near normal schedule of flights from Gatwick airport and the majority of flights from Heathrow on Sunday, but Heathrow Airport told passengers not to travel to the airport unless they were rebooked on other flights. It said it expected further delays and cancellations of BA flights on Sunday.

“We are continuing to work hard to restore all of our IT systems and are aiming to operate a near normal schedule at Gatwick and the majority of services from Heathrow on Sunday,” BA said in a statement.

“We are extremely sorry for the huge disruption caused to customers,” BA said.

British Airways cancelled all its flights from London’s Heathrow, Europe’s busiest airport, and Gatwick on Saturday after a power supply problem disrupted its flight operations worldwide and also hit its call centres and website.

Alex Cruz, the chairman and chief executive of BA, part of Europe’s largest airline group IAG, said there was no evidence of any cyber attack. He said a power supply issue was to blame.

Thousands of passengers were left queuing for hours in departure halls at the airports on a particularly busy weekend. There is a public holiday on Monday and many children were starting their school half-term breaks.

Terminals at Heathrow and Gatwick became jammed with angry passengers, with confused BA staff unable to help as they had no access to their computers, according to passengers interviewed by Reuters.

“We are refunding or rebooking customers who suffered cancellations on to new services as quickly as possible,” BA said, adding that it had introduced more flexible rebooking policies for passengers affected.

While other airlines have been hit by computer problems, the scale and length of BA’s computer problems were unusual.

Delta Air Lines Inc cancelled hundreds of flights and delayed many others last August after an outage hits its computer systems.

Last month, Germany’s Lufthansa and Air France suffered a global system outage which briefly prevented them from boarding passengers.


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: daniel leal-olivas, afp, getty images
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San Francisco Fed’s Williams: US economy doesn’t need a fiscal package

San Francisco Federal Reserve Bank President John C. Williams said on Monday in Singapore that the U.S. economy was performing well and didn’t need a fiscal package to get on track. “It’s not like we need fiscal policy in the short run to help the economy get back on track. “There’s a lot of uncertainty about fiscal policy. I’m not sure what’s going to happen in terms of tax policy, spending policy, healthcare reform, trade immigration, all those policies. On a longer term view, Williams pointed


San Francisco Federal Reserve Bank President John C. Williams said on Monday in Singapore that the U.S. economy was performing well and didn’t need a fiscal package to get on track. “It’s not like we need fiscal policy in the short run to help the economy get back on track. “There’s a lot of uncertainty about fiscal policy. I’m not sure what’s going to happen in terms of tax policy, spending policy, healthcare reform, trade immigration, all those policies. On a longer term view, Williams pointed
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San Francisco Fed's Williams: US economy doesn't need a fiscal package

San Francisco Federal Reserve Bank President John C. Williams said on Monday in Singapore that the U.S. economy was performing well and didn’t need a fiscal package to get on track.

“It’s not like we need fiscal policy in the short run to help the economy get back on track. We’re actually in a good place in terms of where the economy is even without thinking about fiscal stimulus,” Williams said on the sidelines of the Symposium on Asian Banking and Finance.

U.S. gross domestic product (GDP) growth rose 1.2 percent annualized in the first quarter, according to updated data, faster than the 0.7 percent preliminary estimate released last month. The U.S. unemployment rate fell to 4.4 percent in April.

Noting the Fed’s dual mandate, or twin goals, of maximum employment and price stability, the text of his speech at the symposium read, “the U.S. economy is about as close to the Fed’s dual mandate goals as we’ve ever been.”

But in his remarks prior to the speech, he also pointed to uncertainty over what form the Trump administration’s fiscal policies might take.

“There’s a lot of uncertainty about fiscal policy. I’m not sure what’s going to happen in terms of tax policy, spending policy, healthcare reform, trade immigration, all those policies. There’s not a lot of clarity around that,” he said, noting the Fed was studying various scenarios.

Williams, who is currently a non-voting member of the Federal Open Market Committee, pointed to four big policies with the potential for dramatic impact on the U.S. economic outlook, both in the short and long term: Tax reforms, health care, immigration and trade, including the renegotiation of the North American Free Trade Agreement (Nafta).

“Right now, looking at what are the more likely scenarios, I don’t see any of them having a big effect on growth in the next few years. Maybe there are some scenarios that are slightly positive, and what I mean by slightly, pushing up U.S. GDP growth by a tenth of a percent or a couple of tenths of a percent,” he said.

He added that he saw “a little net positive due to the tax cuts,” but he had some words of caution.

“I think a lot of people, maybe stock market investors and others, have counted up all the positives and kind of ignored how do you pay for that and the negatives. I think there may be some excessive optimism in the U.S. around how this will affect the economy,” he said.

Williams also pointed to potentially negative scenarios, particularly if spending were to be cut dramatically in the short term.

He said that if the proposed changes to the Affordable Care Act were passed, “that could have a short-run significant negative impact in terms of spending.”

Williams reiterated that he still believed a total of three rate hikes by the central bank this year, including the one in March, were appropriate.

“Unemployment is at 4 percent. We’re adding 180,000 jobs a month, That’s roughly twice as much as the U.S. economy needs in a sustainable way. My worry there is if we keep that going, in another couple of years, unemployment will go down in the 3 percents, below 4 percent, and inflationary pressures will build,” he said.

Even with interest-rate increases and normalization of the balance sheet, Williams said he expected economic growth of slightly below 2 percent.

On a longer term view, Williams pointed to other challenges for the U.S. economy.

“I personally view that the biggest challenges the U.S. faces are really longer run challenges, not about next month, next year. They’re about the fact that productivity growth is very slow, we have a shortfall of infrastructure in the U.S.,” he said.

“We have a lot of longer term challenges that really revolve around needing more investments in education, job training, infrastructure, research and development, all the things that propel an economy over the longer term.”

Williams also said he was concerned about the move away from globalization.

“Globalization and trade have been hugely beneficial to people around the planet,” he said. “I agree that we need to figure out ways to create more modern approaches to that, but what worries me is if countries around the world pull back from integration and trade, I think that would be pretty negative, not only for the global economy, but for the U.S. economy.”

On China, Williams said he wasn’t worried about a hard-landing for the mainland’s economy, at least for the next few years as policymakers were unlikely to allow sharp moves amid a leadership decision this year.

But he added that he was more concerned about the five-year view for China, noting that the short-term economic fixes were creating a high debt load.

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Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: leslie shaffer, getty images
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Back at Home, Trump Goes on Twitter Offensive Against Leaks, ‘Fake News’

The president then declared his nine-day trip abroad “a great success for America” before launching into a number of posts criticizing leaks and anonymous sourcing, following another week of bombshell Russia-related reports. Trump had stayed silent on the reports during his trip abroad, including after NBC News reported on Thursday that his son-in-law and senior adviser, Jared Kushner, is under scrutiny in the FBI’s Russia probe. Trump then criticized the media’s use of unnamed sources saying th


The president then declared his nine-day trip abroad “a great success for America” before launching into a number of posts criticizing leaks and anonymous sourcing, following another week of bombshell Russia-related reports. Trump had stayed silent on the reports during his trip abroad, including after NBC News reported on Thursday that his son-in-law and senior adviser, Jared Kushner, is under scrutiny in the FBI’s Russia probe. Trump then criticized the media’s use of unnamed sources saying th
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Back at Home, Trump Goes on Twitter Offensive Against Leaks, ‘Fake News’

President Donald Trump returned home from his first trip abroad to face a new series of allegations against his administration — and he hit the ground tweeting with a series of posts slamming “leaks” and so-called “fake news,” while stating his recent trip was a “great success.”

More from NBC News:

Jared Kushner Under Scrutiny in Russia Probe, Officials Say

After Summits With Trump, Merkel Says Europe Must Take Fate Into Own Hands

Trump on Message During Overseas Trip, but Now He’s Home

Trump began his series of tweets Sunday morning acknowledging the contentious Montana special congressional race, in which Republican Greg Gianforte declared victory on Friday despite being charged with misdemeanor assault following allegations that he “body slammed” a reporter on the day before Election Day.

The president then declared his nine-day trip abroad “a great success for America” before launching into a number of posts criticizing leaks and anonymous sourcing, following another week of bombshell Russia-related reports.

Trump had stayed silent on the reports during his trip abroad, including after NBC News reported on Thursday that his son-in-law and senior adviser, Jared Kushner, is under scrutiny in the FBI’s Russia probe.

The president went on the offensive Sunday morning without pointing to any of the specific reports, but he told his 30.8 million Twitter followers that it was his “opinion” that many of the “leaks coming out of the White House are fabricated lies made up by the #FakeNews media.”

Trump then criticized the media’s use of unnamed sources saying that it was “possible that those sources don’t exist.”

“#FakeNews is the enemy!” he said.

Trump routinely criticized the media during his presidential campaign and after taking office, as well as the sources within the White House providing that information.

But his relationship with the media and leaked information has been complicated. A Washington Post report during the campaign detailed how Trump the businessman was often the source of his own leaks, posing as spokesman “John Miller” or “John Barron” to tell reporters positive stories about himself or to float dating rumors.

Trump has denied the report.

And earlier this month, The Washington Post and The New York Times reported that Trump had revealed highly classified ISIS-related information to Russian officials during a meeting at the White House.

The president has since said he had the “absolute right” to share certain information with Russia.

Trump capped his tweetstorm about leaks stating that British Prime Minister Theresa May was “very angry” that information the United Kingdom had given the United States about the suicide attack in Manchester last week “was leaked.”

And then Sunday night, the president returned to Twitter, pushing the Republican-proposed health care and tax measures before making it clear that he’d seen the reaction to his flurry of tweets Sunday.

“The Fake News Media works hard at disparaging & demeaning my use of social media because they don’t want America to hear the real story!” he tweeted.


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: daniella silva, drew angerer, getty images
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Britain’s Heathrow says BA still experiencing some disruptions, airline says full long-haul schedule to operate

London’s Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline. The airline resumed some flights from Britain’s two biggest airports on Sunday, but hundreds of passengers were still waiting for hours at London Heathrow. “We have mobilized additional Heathrow colleagues to assist passengers at the terminals and give out free water and snacks,” Heathrow said in a statement o


London’s Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline. The airline resumed some flights from Britain’s two biggest airports on Sunday, but hundreds of passengers were still waiting for hours at London Heathrow. “We have mobilized additional Heathrow colleagues to assist passengers at the terminals and give out free water and snacks,” Heathrow said in a statement o
Britain’s Heathrow says BA still experiencing some disruptions, airline says full long-haul schedule to operate Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: david dyson, british airways
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Britain's Heathrow says BA still experiencing some disruptions, airline says full long-haul schedule to operate

London’s Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline.

The airline resumed some flights from Britain’s two biggest airports on Sunday, but hundreds of passengers were still waiting for hours at London Heathrow.

“We have mobilized additional Heathrow colleagues to assist passengers at the terminals and give out free water and snacks,” Heathrow said in a statement on Twitter.

In a subsequent statement, British Airways said it intends to operate long-haul flights from Heathrow on a full schedule, and a “high proportion” of its short-haul flights as well on Monday, Reuters reported.

The airport said earlier that further delays and cancellations of BA flights were expected on Sunday and told passengers not to travel to the airport unless they were rebooked on other flights.

BA cancelled all its flights from Heathrow, Europe’s busiest airport, and Gatwick on Saturday after a power supply problem disrupted its flight operations worldwide and also hit its call centers and website.


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: david dyson, british airways
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PM Abe: Japan will take steps with U.S. to deter N.Korea

Japan’s Prime Minister Shinzo Abe on Monday condemned North Korea’s latest missile launch and vowed action along with other nations to deter Pyongyang’s repeated provocations. “As we agreed at the recent G7, the issue of North Korea is a top priority for the international community,” Abe told reporters in brief televised remarks. “Working with the United States, we will take specific action to deter North Korea.” Abe said Japan will make utmost efforts to protect its people, while staying in clo


Japan’s Prime Minister Shinzo Abe on Monday condemned North Korea’s latest missile launch and vowed action along with other nations to deter Pyongyang’s repeated provocations. “As we agreed at the recent G7, the issue of North Korea is a top priority for the international community,” Abe told reporters in brief televised remarks. “Working with the United States, we will take specific action to deter North Korea.” Abe said Japan will make utmost efforts to protect its people, while staying in clo
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PM Abe: Japan will take steps with U.S. to deter N.Korea

Japan’s Prime Minister Shinzo Abe on Monday condemned North Korea’s latest missile launch and vowed action along with other nations to deter Pyongyang’s repeated provocations.

“As we agreed at the recent G7, the issue of North Korea is a top priority for the international community,” Abe told reporters in brief televised remarks. “Working with the United States, we will take specific action to deter North Korea.”

Abe said Japan will make utmost efforts to protect its people, while staying in close touch with South Korea and other countries.

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Asia seen edging higher despite latest N.Korea missile test, China, US markets shut for holidays

The S&P/ASX 200 declined after trading flat earlier in the session, to close lower by 0.77 percent or 44.564 points at 5,707.1. Markets in mainland China are closed for a public holiday today. Stateside, Wall Street will be closed for Memorial Day, after closing mixed last Friday following the release of the second reading of Q1 GDP numbers. Markets in the U.K. will also be closed for the spring bank holiday. With several large markets closed today, trading was expected to be subdued, CMC Market


The S&P/ASX 200 declined after trading flat earlier in the session, to close lower by 0.77 percent or 44.564 points at 5,707.1. Markets in mainland China are closed for a public holiday today. Stateside, Wall Street will be closed for Memorial Day, after closing mixed last Friday following the release of the second reading of Q1 GDP numbers. Markets in the U.K. will also be closed for the spring bank holiday. With several large markets closed today, trading was expected to be subdued, CMC Market
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Asia seen edging higher despite latest N.Korea missile test, China, US markets shut for holidays

The S&P/ASX 200 declined after trading flat earlier in the session, to close lower by 0.77 percent or 44.564 points at 5,707.1. The fall was driven by its financials sub-index, which tumbled 1.41 percent.

Hong Kong’s Hang Seng Index was higher by 0.16 percent at 2:45 p.m. HK/SIN.

Markets in mainland China are closed for a public holiday today.

Stateside, Wall Street will be closed for Memorial Day, after closing mixed last Friday following the release of the second reading of Q1 GDP numbers. Markets in the U.K. will also be closed for the spring bank holiday.

With several large markets closed today, trading was expected to be subdued, CMC Markets Chief Market Strategist Michael McCarthy said in a note on Monday morning.

“Investors and traders may hold out for important reads on the world’s largest economies this week,” McCarthy said, highlighting PMI data from China, retail sales and industrial production in Japan, and a deluge of U.S. data due later in the week.


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: cheang ming, jung yeon-je, afp, getty images
Keywords: news, games, cnbc, companies, seen, missile, worlds, nkorea, mccarthy, uk, trading, edging, china, wall, holidays, markets, latest, higher, closed, data, week, shut, test


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Oil prices stay weak as US drilling undermines drive to tighten markets

Oil prices remained weak on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Brent crude futures were trading at $52.10 per barrel at 0150 GMT, down 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures remained below $50, down 8 cents at $49.72.


Oil prices remained weak on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Brent crude futures were trading at $52.10 per barrel at 0150 GMT, down 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures remained below $50, down 8 cents at $49.72.
Oil prices stay weak as US drilling undermines drive to tighten markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: getty images, j pat carter
Keywords: news, games, cnbc, companies, weak, drive, remained, undermines, wti, crude, drilling, stay, cents, trading, oil, tighten, markets, prices, undermined, futures, west


Oil prices stay weak as US drilling undermines drive to tighten markets

Oil prices remained weak on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.

Brent crude futures were trading at $52.10 per barrel at 0150 GMT, down 5 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures remained below $50, down 8 cents at $49.72.


Company: cnbc, Activity: cnbc, Date: 2017-05-28  Authors: getty images, j pat carter
Keywords: news, games, cnbc, companies, weak, drive, remained, undermines, wti, crude, drilling, stay, cents, trading, oil, tighten, markets, prices, undermined, futures, west


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