US companies are canceling investment into China at a faster clip, survey shows

However, survey respondents did note an overall improvement in nearly all issues of concern — including intellectual property protection and forced technology transfer. The proportion of businesses that said the Chinese government treats foreign and local companies equally also rose from 34% to 40% in the latest survey. But retaliatory tariffs from both sides are hitting revenues and causing some American firms to change their China strategy, the AmCham survey showed. Just over half of the surve


However, survey respondents did note an overall improvement in nearly all issues of concern — including intellectual property protection and forced technology transfer. The proportion of businesses that said the Chinese government treats foreign and local companies equally also rose from 34% to 40% in the latest survey. But retaliatory tariffs from both sides are hitting revenues and causing some American firms to change their China strategy, the AmCham survey showed. Just over half of the surve
US companies are canceling investment into China at a faster clip, survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: evelyn cheng
Keywords: news, cnbc, companies, canceling, tariffs, clip, shows, companies, investment, trade, china, respondents, report, faster, american, local, foreign, survey


US companies are canceling investment into China at a faster clip, survey shows

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images) MARK RALSTON | AFP | Getty Images

Some American companies in China are speeding up their move away from the mainland as increasing tariffs continue to hurt their businesses. That’s according to a survey released by the American Chamber of Commerce in Shanghai on Wednesday. More than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions. That’s an increase of 6.9 percentage points from last year, the AmCham report said, noting that technology, hardware, software and services industries had the highest level of changes in investment destination. The research, conducted in partnership with PwC, surveyed 333 members of the American Chamber of Commerce in Shanghai. It was conducted from June 27 to July 25 — during the period when U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks, and before the latest escalation in retaliatory tariffs. U.S. firms in the mainland also said restrictions to accessing the local market have made it difficult for them to carry out their business, the report said. Asked about the best possible scenarios in ongoing trade negotiations, more than 40% of respondents said greater access to the domestic market would be the most important outcome to help their businesses succeed. That was followed by more than 28% that ranked improved intellectual property protection as key. The third most hoped-for outcome of the trade talks was “increased purchases of U.S. goods,” at 14.3%, the survey showed. That’s in contrast to the Trump administration’s latest efforts to pressure China into buying more American products, especially in agriculture.

Barred from market access

One of the longstanding complaints U.S. companies have about operating in China is that many industries are closed to foreign businesses. In the sectors that are open, it is difficult to compete with state-owned enterprises or privately owned companies that may benefit from local connections or policies, they say. Allegations of forced transfer of critical technology to Chinese partners and lack of intellectual property protection are just some of the challenges U.S. businesses cite for operating in China. The latest AmCham survey found accessing the local market remained one of the key problems companies faced, with more than half the respondents — or 56.4% — saying that obtaining licenses was not easy.

Still, with no sign of a trade agreement, 2019 will be a difficult year; without a trade deal, 2020 may be worse. AmCham Shanghai and PwC survey

By industry, the one that most sought improved market access was the banking, finance and insurance sector. The high 81% of respondents in that sector seeking a better business environment contrasts with Beijing’s announcements in the last 18 months that it will be relaxing foreign ownership rules in the financial sector. Some measures include allowing majority foreign ownership of a local securities venture and increased foreign ownership of local stocks. However, survey respondents did note an overall improvement in nearly all issues of concern — including intellectual property protection and forced technology transfer. The proportion of businesses that said the Chinese government treats foreign and local companies equally also rose from 34% to 40% in the latest survey.

Tariffs hurting US firms

The U.S. business presence in China remains strong, with American companies and their affiliates raking in more than $450 billion in sales in the Asian country, according to an August report from research firm Gavekal Dragonomics. The analysis also pointed out that sales figure is more than twice the value of U.S. exports of goods and services to China. But retaliatory tariffs from both sides are hitting revenues and causing some American firms to change their China strategy, the AmCham survey showed. If Washington were to impose all the duties as threatened, essentially all Chinese goods exported to the U.S. will be subject to tariffs by the end of the year. In response to the increasing American duties, Beijing has countered with tariffs of its own on U.S. exports to China.

Just over half of the survey respondents said revenue has decreased as a result of the increased tariffs. One third of them attributed a drop of between 1% and 10% of revenue to the higher duties. Overall profitability did not decline in 2018, the report said. But more respondents said revenue and margins declined last year, especially compared with operations in other countries. Pessimism levels shot up by 14 percentage points to about 21% — respondents felt less optimistic about the outlook for 2019 due in part to a slowing domestic economy.

Bright spots remain in China

The survey, however, did find some areas of optimism among respondents in China. The pharmaceuticals, medical devices and life sciences category ranked among the industries with the most respondents reporting revenue growth last year. That sector also came in second among those most optimistic about 2019. The AmCham report said the positive outlook was “likely due to government policy changes, including accelerated approvals of foreign drugs.” More than two-thirds of companies in food and agriculture planned to increase investment in 2019, the most of any industry, the report said. Retail and consumer companies also intended to invest more in China, especially in smaller cities where many analysts still see a major growth opportunity. However, businesses are getting ready for a drawn out trade war between the two economic giants. Of those surveyed, 35% expect trade tensions to continue for another 1 to 3 years, while nearly 13% say it will go on for 3 to 6 years. About 17%, however, were even more pessimistic, and predict that the trade conflict will drag on indefinitely. The report added: “Still, with no sign of a trade agreement, 2019 will be a difficult year; without a trade deal, 2020 may be worse.”


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: evelyn cheng
Keywords: news, cnbc, companies, canceling, tariffs, clip, shows, companies, investment, trade, china, respondents, report, faster, american, local, foreign, survey


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Indonesian airline Garuda is canceling its order for 49 Boeing 737 Max jets

Airline Garuda Indonesia said Friday it is requesting a cancellation to its current order for 49 Boeing 737 Max jets. Reuters, citing Garuda’s CFO, said the company may change its 737 Max order to another type of Boeing jet. In response to CNBC’s request for comment, Garuda spokesman Ikhsan Rosan said the airline sent a letter to Boeing on March 14 to cancel its order for the 737 Max jets. Garuda currently only has one Boeing 737 Max 8 in its fleet, according to Reuters. The Indonesian airline i


Airline Garuda Indonesia said Friday it is requesting a cancellation to its current order for 49 Boeing 737 Max jets. Reuters, citing Garuda’s CFO, said the company may change its 737 Max order to another type of Boeing jet. In response to CNBC’s request for comment, Garuda spokesman Ikhsan Rosan said the airline sent a letter to Boeing on March 14 to cancel its order for the 737 Max jets. Garuda currently only has one Boeing 737 Max 8 in its fleet, according to Reuters. The Indonesian airline i
Indonesian airline Garuda is canceling its order for 49 Boeing 737 Max jets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: yen nee lee, matt mills mcknight
Keywords: news, cnbc, companies, canceling, max, 737, order, indonesian, 49, cancel, garuda, boeing, indonesia, wanted, jets, airline


Indonesian airline Garuda is canceling its order for 49 Boeing 737 Max jets

Airline Garuda Indonesia said Friday it is requesting a cancellation to its current order for 49 Boeing 737 Max jets.

Newswires Reuters and AFP both reported the company’s plans.

Reuters, citing Garuda’s CFO, said the company may change its 737 Max order to another type of Boeing jet. The national carrier of Indonesia did not explain why it no longer wanted the planes.

In response to CNBC’s request for comment, Garuda spokesman Ikhsan Rosan said the airline sent a letter to Boeing on March 14 to cancel its order for the 737 Max jets. Garuda has not heard back from Boeing, but the aircraft manufacturer will visit Jakarta on March 28 for “further discussion,” said Rosan.

Garuda currently only has one Boeing 737 Max 8 in its fleet, according to Reuters.

The Indonesian airline is the first to publicly confirmed plans to cancel an order for the Boeing jets after two fatal crashes involving the 737 Max 8. The planes have been grounded by authorities in multiple countries — including in the U.S., Europe, China and Indonesia.


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: yen nee lee, matt mills mcknight
Keywords: news, cnbc, companies, canceling, max, 737, order, indonesian, 49, cancel, garuda, boeing, indonesia, wanted, jets, airline


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Russians at G-20 tease Trump for canceling Putin meet, blame US politics

White House Press Secretary Sarah Huckabee Sanders said that Mueller’s probe “probably does undermine our relationship with Russia.” “I think that likely President Trump and his advisors realized that meeting with Putin would create increased liabilities for President Trump, considering his performance in Helsinki,” said Mark Simakovsky, a former Russia country director in the Department of Defense. Russian lawmakers suggested that the cancellation was pushed by “anti-Russian” forces in the U.S.


White House Press Secretary Sarah Huckabee Sanders said that Mueller’s probe “probably does undermine our relationship with Russia.” “I think that likely President Trump and his advisors realized that meeting with Putin would create increased liabilities for President Trump, considering his performance in Helsinki,” said Mark Simakovsky, a former Russia country director in the Department of Defense. Russian lawmakers suggested that the cancellation was pushed by “anti-Russian” forces in the U.S.
Russians at G-20 tease Trump for canceling Putin meet, blame US politics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: tucker higgins, mikhail svetlov, getty images
Keywords: news, cnbc, companies, meeting, probably, russians, foreign, politics, tease, russian, kosachev, trump, g20, canceling, president, forces, russia, meet, blame, putin


Russians at G-20 tease Trump for canceling Putin meet, blame US politics

Rudy Giuliani, the president’s attorney, said in a statement following the plea that it was “hardly coincidental” that Mueller brought the charge “just as the President is leaving for a meeting with world leaders.” White House Press Secretary Sarah Huckabee Sanders said that Mueller’s probe “probably does undermine our relationship with Russia.” But, she said, the “reason for our canceled meeting is Ukraine.”

“I think that likely President Trump and his advisors realized that meeting with Putin would create increased liabilities for President Trump, considering his performance in Helsinki,” said Mark Simakovsky, a former Russia country director in the Department of Defense. “Clearly they felt vulnerable because of this domestic situation going on.”

Russian lawmakers suggested that the cancellation was pushed by “anti-Russian” forces in the U.S. government.

“Trump’s cancellation of a meeting with Putin is another [instance of] Twitter anti-diplomacy,” said Leonid Slutsky, a Russian member of parliament who chairs the foreign affairs committee in the Duma, the lower chamber of parliament.

Slutsky told reporters Trump was “probably squeezed by Russian opponents inside the U.S.,” and said the move “goes completely in line with the anti-Russian policy,” according to a report in the state news agency TASS.

In a post on Facebook, Russian senator Konstantin Kosachev said the “source and the driving forces” behind Trump’s action are “exclusively in the whirling of domestic political passions in the American capital.” Kosachev chairs the foreign affairs committee in the Russian parliament’s upper house.

John Herbst, a former U.S. ambassador to Ukraine and the director of the Atlantic Council’s Eurasia Center, said in an email that Moscow has a pattern of “distinguishing between President Trump and the tougher, more realistic policies of his Administration.” The latest development, he said, is no exception.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: tucker higgins, mikhail svetlov, getty images
Keywords: news, cnbc, companies, meeting, probably, russians, foreign, politics, tease, russian, kosachev, trump, g20, canceling, president, forces, russia, meet, blame, putin


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Trump made ‘huge mistake’ by canceling Philadelphia Eagles visit: Former Bush aide

However, in a statement released Tuesday, the White House didn’t reference the kneeling controversy. While Trump is playing to his base, he’s not thinking long term and building the unity he needs, she said. So just thinking of the PR value of it for the White House, they made a huge error,” Fagen said. Plus, the continuing coverage of the cancellation accrues more negativity toward the White House, she said. “He’d look like a big person standing there with whoever showed up, thousand people che


However, in a statement released Tuesday, the White House didn’t reference the kneeling controversy. While Trump is playing to his base, he’s not thinking long term and building the unity he needs, she said. So just thinking of the PR value of it for the White House, they made a huge error,” Fagen said. Plus, the continuing coverage of the cancellation accrues more negativity toward the White House, she said. “He’d look like a big person standing there with whoever showed up, thousand people che
Trump made ‘huge mistake’ by canceling Philadelphia Eagles visit: Former Bush aide Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-05  Authors: michelle fox, getty images
Keywords: news, cnbc, companies, visit, house, thinking, planning, philadelphia, statement, players, mistake, canceling, huge, aide, eagles, white, trump, president, bush


Trump made ‘huge mistake’ by canceling Philadelphia Eagles visit: Former Bush aide

When tweeting about the rescinded invitation Monday night, Trump referenced the protests which saw many NFL players kneeling for the national anthem.

However, in a statement released Tuesday, the White House didn’t reference the kneeling controversy.

“Unfortunately, the Eagles offered to send only a tiny handful of representatives, while making clear that the great majority of players would not attend the event, despite planning to be in D.C. today. In other words, the vast majority of the Eagles team decided to abandon their fans,” the statement said.

Either way, it was a tactical error, said Fagan, a CNBC contributor.

While Trump is playing to his base, he’s not thinking long term and building the unity he needs, she said. Pennsylvania, which Trump won in 2016, is considered a swing state.

“Whether there were 10 players there or 30 there, it’s a tight shot. So just thinking of the PR value of it for the White House, they made a huge error,” Fagen said.

Plus, the continuing coverage of the cancellation accrues more negativity toward the White House, she said.

On Tuesday, the players’ union, The NFL Players Association, tweeted that it was “disappointed in the decision by the White House to disinvite players from the Philadelphia Eagles from being recognized and celebrated by all Americans for their accomplishment.”

Philadelphia Mayor Jim Kenney, a Democrat, said that disinviting the players “only proves that our President is not a true patriot, but a fragile egomaniac obsessed with crowd size and afraid of the embarrassment of throwing a party to which no one wants to attend.”

There are also disappointed fans who were planning to attend the event, Fagen pointed out.

“He’d look like a big person standing there with whoever showed up, thousand people cheering for the Philadelphia Eagles,” she said. “That’s a better play for the president than what we’re seeing now.”

— CNBC’s Jennet Chin contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-06-05  Authors: michelle fox, getty images
Keywords: news, cnbc, companies, visit, house, thinking, planning, philadelphia, statement, players, mistake, canceling, huge, aide, eagles, white, trump, president, bush


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South Korea doesn’t understand Trump’s ‘intention’ in canceling summit

The office of South Korean President Moon Jae-In said Thursday it is “very regretful and disconcerting” that President Donald Trump decided to cancel his planned summit with North Korean leader Kim Jong Un. South Korea’s Blue House added: “The sincerity of the affected parties who have been working to resolve the problem has not changed. The meeting, which was scheduled for June 12 in Singapore, would have been the first-ever face-to-face meeting between a U.S. president and a North Korean leade


The office of South Korean President Moon Jae-In said Thursday it is “very regretful and disconcerting” that President Donald Trump decided to cancel his planned summit with North Korean leader Kim Jong Un. South Korea’s Blue House added: “The sincerity of the affected parties who have been working to resolve the problem has not changed. The meeting, which was scheduled for June 12 in Singapore, would have been the first-ever face-to-face meeting between a U.S. president and a North Korean leade
South Korea doesn’t understand Trump’s ‘intention’ in canceling summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-24  Authors: kevin breuninger, carlos barria
Keywords: news, cnbc, companies, trump, summit, korean, planned, korea, trumps, canceling, north, president, doesnt, resolve, understand, intention, south, saying, office


South Korea doesn't understand Trump's 'intention' in canceling summit

The office of South Korean President Moon Jae-In said Thursday it is “very regretful and disconcerting” that President Donald Trump decided to cancel his planned summit with North Korean leader Kim Jong Un.

The lament from Moon’s office followed an emergency midnight briefing with his national security council, which was scrambled together after Trump said he abandoned the summit over Kim’s recent statements toward the U.S.

“It is very regretful and disconcerting that the US-NK summit will not happen as planned,” Moon’s office said. “Denuclearization and the lasting peace on the Korean peninsula cannot be abandoned or delayed as they are the historical assignment.”

South Korea’s Blue House added: “The sincerity of the affected parties who have been working to resolve the problem has not changed. It is hard to resolve sensitive and difficult diplomatic issues with the current way of communications. [We] hope that the leaders resolve problems through direct and close dialogue.”

The meeting, which was scheduled for June 12 in Singapore, would have been the first-ever face-to-face meeting between a U.S. president and a North Korean leader.

Moon played a prominent role in planning for the summit with Kim Jong Un, and had gone so far as to say “the future of the Korean peninsula” hinged on the meeting during a visit to the White House earlier this week. But in remarks to reporters alongside Moon in the Oval Office Wednesday, Trump cast doubt on the prospect of the landmark meeting.

North Korea had recently canceled planned talks with South Korea, saying the annual military drills between its southern neighbor and the U.S. represented a threat.

Earlier Thursday, South Korea’s Yonhap News Agency quoted a presidential office spokesman as saying they “are trying to figure out what President Trump’s intention is and the exact meaning of it.”

Trump released a letter to Kim on Thursday saying he had canceled the summit because of “tremendous anger and open hostility” expressed in a recent North Korean statement.

He did not elaborate, but a North Korean vice minister of foreign affairs issued a statement referring to comments by U.S. Vice President Mike Pence as “ignorant” and “stupid,” and saying North Korea is just as ready to meet in a nuclear confrontation as at the negotiating table.

–The Associated Press contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-05-24  Authors: kevin breuninger, carlos barria
Keywords: news, cnbc, companies, trump, summit, korean, planned, korea, trumps, canceling, north, president, doesnt, resolve, understand, intention, south, saying, office


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Why Big Sean is canceling his tour is a life lesson

Grammy nominated musician Big Sean, 29, whose real name is Sean Michael Leonard Anderson, won’t be going on tour this spring. But Monday, ticket holders received an email that the tour has been postponed, Detroit Free Press reports. Anderson is following his gut, he says: “I learned in life you have to follow your intuition, I hope you do the same.” “Every decision I’ve ever made that led me to the right space and place in my life, I got there because I relied on that inner voice.” You have to t


Grammy nominated musician Big Sean, 29, whose real name is Sean Michael Leonard Anderson, won’t be going on tour this spring. But Monday, ticket holders received an email that the tour has been postponed, Detroit Free Press reports. Anderson is following his gut, he says: “I learned in life you have to follow your intuition, I hope you do the same.” “Every decision I’ve ever made that led me to the right space and place in my life, I got there because I relied on that inner voice.” You have to t
Why Big Sean is canceling his tour is a life lesson Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-27  Authors: ali montag, axelle bauer-griffin, getty images
Keywords: news, cnbc, companies, jobs, follow, lesson, canceling, tour, trust, big, winfrey, space, right, sean, life, listening


Why Big Sean is canceling his tour is a life lesson

Grammy nominated musician Big Sean, 29, whose real name is Sean Michael Leonard Anderson, won’t be going on tour this spring.

His “Unfriendly Reminder Tour,” announced earlier this month, was supposed to start in April with the first concert in Orlando and performances in Miami, Houston, Atlanta and more.

But Monday, ticket holders received an email that the tour has been postponed, Detroit Free Press reports. That’s because Anderson has decided to spend more time on his music.

“I’ve been in a deep creative space & decided I need to stay focused in the studio — so unfortunately, I am postponing my upcoming tour,” he tweeted.

Anderson is following his gut, he says: “I learned in life you have to follow your intuition, I hope you do the same.”

With multiple platinum records already, he’s following a strategy endorsed by many other ultra-successful people: Trust your instincts.

Billionaire Oprah Winfrey told the Skidmore College class of 2017 that listening to her own thoughts and feelings has helped her make the right choices in her career.

“Everybody has what I call this instinct, this inner voice,” Winfrey says. “Every decision I’ve ever made that led me to the right space and place in my life, I got there because I relied on that inner voice.”

Tim Ferriss, an entrepreneur and early investor in companies like Uber and Facebook, agrees that it pays to focus on your instincts.

When he’s making a career decision, he’ll ask himself, “[What] am I thinking about early in the morning when I wake up or last thing at night?” he explains in an interview with Amazon.

“If there’s an idea or seemingly frivolous project that I just can’t get out of my mind, I’ll follow that,” he continues. “That scent trail is really important.”

Apple founder Steve Jobs also cited listening to his intuition as a key to his success, and was a believer that your instincts will lead you down the right path.

“You have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever,” Jobs said in a 2005 Stanford University commencement speech. “This approach has never let me down, and it has made all the difference in my life.”

Don’t miss: Casper co-founder: Don’t follow your passion—do this instead

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Company: cnbc, Activity: cnbc, Date: 2018-02-27  Authors: ali montag, axelle bauer-griffin, getty images
Keywords: news, cnbc, companies, jobs, follow, lesson, canceling, tour, trust, big, winfrey, space, right, sean, life, listening


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Schumer and Pelosi will meet with Trump after canceling previous meeting

President Donald Trump is giving “Chuck and Nancy” another shot. Democratic congressional leaders Chuck Schumer and Nancy Pelosi on Monday said they accepted the president’s invitation to meet about year-end legislative priorities. The pair will meet with Trump, as well as Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan, on Thursday. The Democratic leaders canceled another meeting late last month after Trump tweeted that he does not “see a deal” with “Chuck and Nancy” to avoid


President Donald Trump is giving “Chuck and Nancy” another shot. Democratic congressional leaders Chuck Schumer and Nancy Pelosi on Monday said they accepted the president’s invitation to meet about year-end legislative priorities. The pair will meet with Trump, as well as Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan, on Thursday. The Democratic leaders canceled another meeting late last month after Trump tweeted that he does not “see a deal” with “Chuck and Nancy” to avoid
Schumer and Pelosi will meet with Trump after canceling previous meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-04  Authors: jacob pramuk, jim watson, afp, getty images
Keywords: news, games, cnbc, companies, previous, ryan, meeting, canceling, chuck, nancy, meet, schumer, trump, yearend, mcconnell, house, pelosi, leaders


Schumer and Pelosi will meet with Trump after canceling previous meeting

President Donald Trump is giving “Chuck and Nancy” another shot.

Democratic congressional leaders Chuck Schumer and Nancy Pelosi on Monday said they accepted the president’s invitation to meet about year-end legislative priorities. The pair will meet with Trump, as well as Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan, on Thursday.

The Democratic leaders canceled another meeting late last month after Trump tweeted that he does not “see a deal” with “Chuck and Nancy” to avoid a government shutdown. The White House and McConnell and Ryan accused the Democrats of grandstanding.

While meeting with McConnell and Ryan later that day, Trump left two chairs empty with Schumer’s and Pelosi’s names in front of them.


Company: cnbc, Activity: cnbc, Date: 2017-12-04  Authors: jacob pramuk, jim watson, afp, getty images
Keywords: news, games, cnbc, companies, previous, ryan, meeting, canceling, chuck, nancy, meet, schumer, trump, yearend, mcconnell, house, pelosi, leaders


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Senate panel calls for open session with Trump lawyer after canceling interview

The U.S. Senate intelligence committee on Tuesday canceled a closed staff interview withPresident Donald Trump’s lawyer Michael Cohen and called on him to appear before the panel in open session, saying it was disappointed he released a statement despite a request that herefrain from public comment. “As a result, we declined to move forward with today’s interview and will reschedule Mr. Cohen’s appearance before the committee in open session at a date in the near future. The committee expects wi


The U.S. Senate intelligence committee on Tuesday canceled a closed staff interview withPresident Donald Trump’s lawyer Michael Cohen and called on him to appear before the panel in open session, saying it was disappointed he released a statement despite a request that herefrain from public comment. “As a result, we declined to move forward with today’s interview and will reschedule Mr. Cohen’s appearance before the committee in open session at a date in the near future. The committee expects wi
Senate panel calls for open session with Trump lawyer after canceling interview Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-19  Authors: jonathan ernst
Keywords: news, games, cnbc, companies, lawyer, witnesses, committee, canceling, session, interview, work, trump, cohen, senate, calls, investigation, open, panel


Senate panel calls for open session with Trump lawyer after canceling interview

The U.S. Senate intelligence committee on Tuesday canceled a closed staff interview with

President Donald Trump’s lawyer Michael Cohen and called on him to appear before the panel in open session, saying it was disappointed he released a statement despite a request that he

refrain from public comment.

“As a result, we declined to move forward with today’s interview and will reschedule Mr. Cohen’s appearance before the committee in open session at a date in the near future. The committee expects witnesses in this investigation to work in good faith with the Senate, the panel said in a statement.

The committee had scheduled an interview with Cohen as part of its investigation into Russia’s reported interference in the 2016 U.S. presidential election and whether Trump or his top aides colluded with Moscow.


Company: cnbc, Activity: cnbc, Date: 2017-09-19  Authors: jonathan ernst
Keywords: news, games, cnbc, companies, lawyer, witnesses, committee, canceling, session, interview, work, trump, cohen, senate, calls, investigation, open, panel


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