Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f


Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f
Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


Turkish central bank needs to be 'fully independent,' IMF's Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now.

One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession.

“Turkey faces a number of challenges, and one of them is that the central bank needs to be fully independent so it can continuously assess and tighten policies as circumstances change in a forward-looking manner,” Poul Thomsen, director of the International Monetary Fund’s Europe department, told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C. over the weekend.

“So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be fully independent in its assessment of monetary policy in addition to a number of other challenges on fiscal policy, and more transparency.”

Turkey’s economy is already in recession, rocked last year after fears over government interference into central bank independence, over-leveraged banks, a large current account deficit and a diplomatic spat with the U.S. triggered investor and capital flight. The lira lost 36 percent of its value against the dollar by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


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OMB acting Director Russell Vought on Trump $8.6 billion wall request

The White House is expected to release Trump’s budget proposal for fiscal year 2020 on Monday. It is expected to seek $8.6 billion from Congress for additional barriers along the U.S.-Mexico border. The states said Trump is “trying to rob funds that were allocated by Congress legally to various states.” According to the U.S. Customs and Border Protection, more than 76,000 migrants crossed the U.S.-Mexico border last month, more than double the number from the same period last year. WATCH: Virtua


The White House is expected to release Trump’s budget proposal for fiscal year 2020 on Monday. It is expected to seek $8.6 billion from Congress for additional barriers along the U.S.-Mexico border. The states said Trump is “trying to rob funds that were allocated by Congress legally to various states.” According to the U.S. Customs and Border Protection, more than 76,000 migrants crossed the U.S.-Mexico border last month, more than double the number from the same period last year. WATCH: Virtua
OMB acting Director Russell Vought on Trump $8.6 billion wall request Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: berkeley lovelace jr, cnbc, kyle walsh
Keywords: news, cnbc, companies, russell, billion, usmexico, trumps, request, acting, 86, congress, white, states, trump, budget, wall, omb, director, border, vought


OMB acting Director Russell Vought on Trump $8.6 billion wall request

Russell Vought, acting White House budget director, said Monday security at the southern U.S. border is “deteriorating by the day,” and he’s blaming Democrats for refusing to approve President Donald Trump’s repeated requests for wall funding.

“This is an area of where we’re tired of being right,” Vought said on CNBC’s “Squawk Box,” referring to a government report of a record number of migrant families crossing the U.S.-Mexico border.

The White House is expected to release Trump’s budget proposal for fiscal year 2020 on Monday. It is expected to seek $8.6 billion from Congress for additional barriers along the U.S.-Mexico border.

That amount would be on top of the funds Trump will redirect from other programs as part of his national emergency, said Vought, who’s minding the Office of Management and Budget after previous OMB head Mick Mulvaney left the agency to become the president’s acting chief of staff.

Trump’s declaration last month, aimed at circumventing Congress to pay for his wall, is currently being challenged by more than a dozen states. The states said Trump is “trying to rob funds that were allocated by Congress legally to various states.”

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they had hoped Trump “learned his lesson” after failing to get his wall funding following the partial government shutdown earlier this year.

“Congress refused to fund his wall and he was forced to admit defeat and reopen the government. The same thing will repeat itself if he tries this again,” they said in a joint statement Sunday.

According to the U.S. Customs and Border Protection, more than 76,000 migrants crossed the U.S.-Mexico border last month, more than double the number from the same period last year. The figures help Trump’s case for his border emergency, albeit one built around a humanitarian crisis and not security.

WATCH: Virtual walls could be the cheaper and more effective answer to Trump’s border wall


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: berkeley lovelace jr, cnbc, kyle walsh
Keywords: news, cnbc, companies, russell, billion, usmexico, trumps, request, acting, 86, congress, white, states, trump, budget, wall, omb, director, border, vought


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Papa John’s founder John Schnatter to resign from board after independent director is named

Papa John’s has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman. The company said it would co-operate with Schnatter to identify a mutually acceptable independent director, who would not be affiliated to hedge fund Starboard Value or Schnatter. Early last month, Papa John’s snubbed Schnatter and accepted an investment of up to $250 million from Starboard in retur


Papa John’s has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman. The company said it would co-operate with Schnatter to identify a mutually acceptable independent director, who would not be affiliated to hedge fund Starboard Value or Schnatter. Early last month, Papa John’s snubbed Schnatter and accepted an investment of up to $250 million from Starboard in retur
Papa John’s founder John Schnatter to resign from board after independent director is named Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: jb lacroix, wireimage, getty images
Keywords: news, cnbc, companies, hedge, johns, resign, board, agreement, prejudice, schnatter, company, founder, papa, director, john, independent, named, starboard


Papa John's founder John Schnatter to resign from board after independent director is named

Papa John’s has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman.

The company said it would co-operate with Schnatter to identify a mutually acceptable independent director, who would not be affiliated to hedge fund Starboard Value or Schnatter.

Early last month, Papa John’s snubbed Schnatter and accepted an investment of up to $250 million from Starboard in return for a nearly 10 percent stake, while naming the hedge fund’s Chief Executive Officer Jeffrey Smith as its chairman.

Schnatter, who owns about 30 percent of the company’s share, would resign from the board, if the independent director is appointed before the 2019 annual stockholder meeting, Papa John’s said.

Meanwhile, Schnatter has agreed to dismiss two lawsuits: one against the company in the Delaware Chancery Court without prejudice and one in Jefferson County, Kentucky, related to a sublease agreement with prejudice, the company said.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: jb lacroix, wireimage, getty images
Keywords: news, cnbc, companies, hedge, johns, resign, board, agreement, prejudice, schnatter, company, founder, papa, director, john, independent, named, starboard


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Marvel’s tricky battle over director James Gunn’s role in ‘Guardians’

Gunn also made highly politicized comments on his social media — it was conservative social media users who brought Gunn’s insensitive tweets to light. But in a recent interview addressing Gunn’s influence on the future of the Marvel Cinematic Universe, Marvel Studios president Kevin Feige confirmed that “Guardians of the Galaxy: Volume Three” will in fact use the script that Gunn wrote. It was his input on Guardians and the ‘Avengers’ films, as you’ve seen in ‘Infinity War,’ and on the Guardian


Gunn also made highly politicized comments on his social media — it was conservative social media users who brought Gunn’s insensitive tweets to light. But in a recent interview addressing Gunn’s influence on the future of the Marvel Cinematic Universe, Marvel Studios president Kevin Feige confirmed that “Guardians of the Galaxy: Volume Three” will in fact use the script that Gunn wrote. It was his input on Guardians and the ‘Avengers’ films, as you’ve seen in ‘Infinity War,’ and on the Guardian
Marvel’s tricky battle over director James Gunn’s role in ‘Guardians’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: donovan russo, kevin winter, getty images, -shawn robbins, chief analyst for box officecom
Keywords: news, cnbc, companies, tricky, director, marvels, galaxy, gunn, guardians, script, studios, role, james, marvel, social, media, battle, gunns, volume


Marvel's tricky battle over director James Gunn's role in 'Guardians'

A risk-taking approach from Disney’s Marvel Studios has racked up some big wins, most recently, multiple Oscars for “Black Panther,” but its decision to use the script of fired “Guardians of the Galaxy” director James Gunn for the third installment of the trilogy takes Marvel and its parent company back into the tricky waters of social controversy.

Gunn was fired last summer for jokes he made on Twitter years prior to becoming the face of the “Guardians” franchise — he had made jokes involving sexual abuse and children. Gunn also made highly politicized comments on his social media — it was conservative social media users who brought Gunn’s insensitive tweets to light. But in a recent interview addressing Gunn’s influence on the future of the Marvel Cinematic Universe, Marvel Studios president Kevin Feige confirmed that “Guardians of the Galaxy: Volume Three” will in fact use the script that Gunn wrote.

“His influence was Guardians… It was his input on Guardians and the ‘Avengers’ films, as you’ve seen in ‘Infinity War,’ and on the Guardians 3 script, which we’re still using. So you’ll see that influence.”

The two “Guardian’s” movies: “Guardians of the Galaxy” (2014) and “Guardians of the Galaxy: Volume 2” (2017) grossed a combined worldwide total over $1.5 billion, according to Box Office Mojo, and both films scored well with critics and audiences, with scores in the 80s and 90s on Rotten Tomatoes.

Although the franchise has an all-star cast which consists of Chris Pratt, Zoe Saldana and Bradley Cooper, among others, it has been Gunn’s writing and vision that have defined what was a mostly second-tier list of Marvel characters, winning him approval from film critics.

“All praise to director James Gunn … for making his first epic an epic treat,” wrote Rolling Stone’s film reviewer Peter Travers in regards to Gunn’s first Guardians movie.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: donovan russo, kevin winter, getty images, -shawn robbins, chief analyst for box officecom
Keywords: news, cnbc, companies, tricky, director, marvels, galaxy, gunn, guardians, script, studios, role, james, marvel, social, media, battle, gunns, volume


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Andrew McCabe: No one in Gang of 8 objected to FBI probe of Trump

Trump has increased his attacks on McCabe, suggesting the former FBI official was in on a “treasonous” plot against him. McCabe writes in his book that the briefing for the “Gang of Eight” leaders in Congress came days after Trump fired FBI Director James Comey, making McCabe acting director of the bureau at the time. In an interview on NBC’s “TODAY” on Tuesday morning, McCabe elaborated by saying he had informed the leaders that the FBI had opened a counterintelligence probe into Trump himself.


Trump has increased his attacks on McCabe, suggesting the former FBI official was in on a “treasonous” plot against him. McCabe writes in his book that the briefing for the “Gang of Eight” leaders in Congress came days after Trump fired FBI Director James Comey, making McCabe acting director of the bureau at the time. In an interview on NBC’s “TODAY” on Tuesday morning, McCabe elaborated by saying he had informed the leaders that the FBI had opened a counterintelligence probe into Trump himself.
Andrew McCabe: No one in Gang of 8 objected to FBI probe of Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: kevin breuninger, david a grogan
Keywords: news, cnbc, companies, group, probe, trump, gang, member, told, intelligence, mccabe, house, andrew, director, mccabes, fbi, objected


Andrew McCabe: No one in Gang of 8 objected to FBI probe of Trump

Former FBI Deputy Director Andrew McCabe said Tuesday that no congressional leaders voiced objections when he told them in May 2017 that the bureau had opened a counterintelligence investigation into President Donald Trump.

McCabe’s comments came as he goes on a publicity blitz to promote his memoir, “The Threat: How the FBI Protects America in the Age of Terror and Trump,” which was published Tuesday. Trump has increased his attacks on McCabe, suggesting the former FBI official was in on a “treasonous” plot against him.

McCabe writes in his book that the briefing for the “Gang of Eight” leaders in Congress came days after Trump fired FBI Director James Comey, making McCabe acting director of the bureau at the time. Deputy Attorney General Rod Rosenstein told the bipartisan group of lawmakers in that meeting that special counsel Robert Mueller had been appointed to continue the Russia investigations, according to McCabe.

In an interview on NBC’s “TODAY” on Tuesday morning, McCabe elaborated by saying he had informed the leaders that the FBI had opened a counterintelligence probe into Trump himself.

“The purpose of the briefing was to let our congressional leadership know exactly what we’d been doing,” McCabe said when asked specifically if he told Congress about the investigation into the president.

“Opening a case of this nature, not something that an FBI director, not something that an acting FBI director would do by yourself, right? This was a recommendation that came to me from my team, I reviewed it with our lawyers, I discussed it at length with the deputy attorney general,” McCabe said, “and I told Congress what we had done.”

Pressed by NBC’s Savannah Guthrie on whether any member of the group objected, McCabe said that none of them had.

“That’s the important part here, Savannah. No one objected. Not on legal grounds, not on constitutional grounds, and not based on the facts,” McCabe said.

On the Senate side, the group of lawmakers at the time were Majority Leader Mitch McConnell, R-Ky., Minority Leader Chuck Schumer, D-N.Y., Intelligence Committee Chairman Richard Burr, R-N.C., and ranking member Mark Warner, D-Va.

The House members were then-Speaker Paul Ryan, R-Wis., and then-Minority Leader Nancy Pelosi, D-Calif., as well as former House Intelligence Chairman Devin Nunes, R-Calif., and then-ranking member Adam Schiff, D-Calif.

None of the spokespeople for the group confirmed McCabe’s May 2017 comments when asked by CNBC.

“We never commented on Speaker Ryan’s intelligence briefings, and that remains the rule,” Ryan spokesman Kevin Seifert said.

A spokeswoman for Warner declined to comment on McCabe’s claims.

Trump, his legal team and the White House have consistently denied any wrongdoing involving Russia. The White House did not immediately respond to a request for comment on McCabe’s interview.

Less than a week earlier, McCabe said in another interview that he had launched the probes into Trump’s potential Russia ties shortly after speaking to him in May 2017 following Comey’s ouster.

McCabe said he was fearful he would be fired before those probes were on “solid ground.” He wrote in his book that after the meeting “it felt like crossing a finish line,” according to an excerpt in The Atlantic.

“If I got nothing else done as acting director, I had done the one thing I needed to do,” McCabe wrote.

Sen. Angus King, I-Maine, a member of the Intelligence Committee, said on CNN on Tuesday that McCabe’s characterization of the meeting “indicates that [the FBI wasn’t] trying to do something sub rosa or behind anybody’s back, or [that] it was some kind of secret coup.”

Then-Attorney General Jeff Sessions fired McCabe last March, two days before he was scheduled to retire and become eligible for full pension benefits. Sessions, citing internal investigations, alleged that McCabe had engaged in misconduct by making “an unauthorized disclosure to the news media and lacked candor — including under oath — on multiple occasions.” McCabe said the firing was “part of this Administration’s ongoing war on the FBI and the efforts of the Special Counsel investigation.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: kevin breuninger, david a grogan
Keywords: news, cnbc, companies, group, probe, trump, gang, member, told, intelligence, mccabe, house, andrew, director, mccabes, fbi, objected


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Ex-Facebook director Don Graham says he trusts executives there to fix data and election problems

Facebook is making great strides in beefing up election security and addressing data privacy concerns on the platform, according to Don Graham, former board member at the social network. Graham, former publisher of The Washington Post, went out of his way to say that Facebook has certainly “made plenty of mistakes.” The Cambridge Analytica scandal last year, in which as many as 87 million Facebook profiles were improperly harvested for data by the London-based political consultancy, thrust Faceb


Facebook is making great strides in beefing up election security and addressing data privacy concerns on the platform, according to Don Graham, former board member at the social network. Graham, former publisher of The Washington Post, went out of his way to say that Facebook has certainly “made plenty of mistakes.” The Cambridge Analytica scandal last year, in which as many as 87 million Facebook profiles were improperly harvested for data by the London-based political consultancy, thrust Faceb
Ex-Facebook director Don Graham says he trusts executives there to fix data and election problems Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: matthew j belvedere
Keywords: news, cnbc, companies, data, fix, user, told, security, graham, working, executives, zuckerberg, trusts, privacy, exfacebook, election, facebook, director, don, problems


Ex-Facebook director Don Graham says he trusts executives there to fix data and election problems

Facebook is making great strides in beefing up election security and addressing data privacy concerns on the platform, according to Don Graham, former board member at the social network.

“The people I know at Facebook are terrific. I admire them. I trust them. Whatever else is done in this country, the people at Facebook are will be working to fix their problems,” Graham told CNBC Tuesday, referring to founder and Facebook chief Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg.

Graham, former publisher of The Washington Post, went out of his way to say that Facebook has certainly “made plenty of mistakes.” But he argued that Zuckerberg and Sandberg have acknowledged the issues and promised to address them.

The Cambridge Analytica scandal last year, in which as many as 87 million Facebook profiles were improperly harvested for data by the London-based political consultancy, thrust Facebook and the issue of data privacy into the public discourse.

Those revelations broke about 16 months after Facebook said in a blog post, the day after the 2016 presidential election, that it had blocked dozens of accounts on Facebook and its Instagram platform that were allegedly linked to Russian trolls.

“Facebook is doing a ton” since those missteps, Graham said in a “Squawk Alley” interview. “I see on my own Facebook page evidence that they are working diligently to fix a lot of things that have been wrong. It’s a lot easier to look at my own privacy settings, see who is seeing information I may post.”

“They are making dramatic changes around election security,” he continued. “They are requiring that anyone who puts up a political ad to say who it is, who paid for it,[and] allow them to see other ads that user put up.”

Roger McNamee, an early Facebook investor and early advisor to Zuckerberg, feels differently. He’s emerged in recent years as a major critic of the company he once backed and how Silicon Valley at large has abused user trust.

McNamee said in his new book, “Zucked: Waking Up to the Facebook Catastrophe,” that Facebook “remains a threat to democracy” and continues to “prioritize its business model over its responsibilities.”

For its part, Facebook told CNBC, “We take criticism seriously. Over the past two years, we’ve fundamentally changed how we operate to better protect the safety and security of people using Facebook. The reality is Roger McNamee hasn’t been involved in Facebook for a decade.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: matthew j belvedere
Keywords: news, cnbc, companies, data, fix, user, told, security, graham, working, executives, zuckerberg, trusts, privacy, exfacebook, election, facebook, director, don, problems


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Ariana Grande gave this gift to her music video director — here’s why

She’s also an expert collaborator, according to her music video director Hannah Lux Davis. Says Davis, Grande has “really let her take the reins” on some videos they’ve worked on together, while still encouraging trust and a true exchange of ideas. Says Davis, Grande also knows how to show her team she appreciates their contributions. After directing Grande’s video “7 Rings” the artist gave Davis a special gift, a Tiffany setting ring featuring a diamond on a platinum band. Grande considered the


She’s also an expert collaborator, according to her music video director Hannah Lux Davis. Says Davis, Grande has “really let her take the reins” on some videos they’ve worked on together, while still encouraging trust and a true exchange of ideas. Says Davis, Grande also knows how to show her team she appreciates their contributions. After directing Grande’s video “7 Rings” the artist gave Davis a special gift, a Tiffany setting ring featuring a diamond on a platinum band. Grande considered the
Ariana Grande gave this gift to her music video director — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: claire nolan
Keywords: news, cnbc, companies, tiffany, shes, music, director, video, rings, work, grande, gave, davis, really, ariana, heres, thank, ring, gift


Ariana Grande gave this gift to her music video director — here's why

Ariana Grande, whose “Thank U, Next” album dropped Friday, isn’t just a hit-making songstress. She’s also an expert collaborator, according to her music video director Hannah Lux Davis.

Says Davis, Grande has “really let her take the reins” on some videos they’ve worked on together, while still encouraging trust and a true exchange of ideas.

The first step toward any collaboration, says Davis, is listening. As she’s learned working with top artists such as Future, Ciara, Nicki Minaj and Miley Cyrus, “You really have to get an understanding” of what the other person is after.

Hard work and communication pays off, though. Davis and Grande teamed up for the video for the “Thank U, Next” single. The video was so successful it “broke the internet,” says Davis. It also broke YouTube’s record for most views within 24 hours of release, according to Billboard.

Says Davis, Grande also knows how to show her team she appreciates their contributions.

After directing Grande’s video “7 Rings” the artist gave Davis a special gift, a Tiffany setting ring featuring a diamond on a platinum band.

The video “7 Rings” references a time when the star bought Tiffany & Co. rings for herself and a group of best friends. Grande considered the ring she gave Davis an eighth ring, adding her to a trusted circle.

This token of gratitude left Davis speechless. “It was such a generous gift,” she says. “It made me feel like she really appreciated all the work I’ve done for her.”

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Don’t miss: Billionaire Warren Buffett: This is the ‘one easy way’ to increase your worth by ‘at least’ 50 percent


Company: cnbc, Activity: cnbc, Date: 2019-02-09  Authors: claire nolan
Keywords: news, cnbc, companies, tiffany, shes, music, director, video, rings, work, grande, gave, davis, really, ariana, heres, thank, ring, gift


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Trump order Rosenstein to write Comey firing memo, McCabe book says

Deputy Attorney General Rod Rosenstein did not choose to write the heavily scrutinized memo explaining former FBI Director James Comey’s firing, but did it under order from President Donald Trump, an upcoming book says. The president had ordered him to write the memo justifying the firing,” McCabe wrote of remarks Rosenstein made at a May 2017 meeting, according to the Guardian. The president has repeatedly slammed McCabe, who was fired from the FBI just before his retirement last year. Trump ha


Deputy Attorney General Rod Rosenstein did not choose to write the heavily scrutinized memo explaining former FBI Director James Comey’s firing, but did it under order from President Donald Trump, an upcoming book says. The president had ordered him to write the memo justifying the firing,” McCabe wrote of remarks Rosenstein made at a May 2017 meeting, according to the Guardian. The president has repeatedly slammed McCabe, who was fired from the FBI just before his retirement last year. Trump ha
Trump order Rosenstein to write Comey firing memo, McCabe book says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, probe, order, memo, write, mccabe, book, fbi, comey, trump, president, director, russia, firing, justice, rosenstein


Trump order Rosenstein to write Comey firing memo, McCabe book says

Deputy Attorney General Rod Rosenstein did not choose to write the heavily scrutinized memo explaining former FBI Director James Comey’s firing, but did it under order from President Donald Trump, an upcoming book says.

Behind closed doors, Rosenstein complained about having to create the document used to justify the former FBI chief’s ouster in May 2017, former FBI Deputy Director Andrew McCabe writes, according to the Guardian. Trump’s removal of Comey, which came during the bureau’s probe into Russian efforts to influence the 2016 election and whether the Trump campaign colluded with the Kremlin, is part of a probe into whether the president obstructed justice.

“He said it wasn’t his idea. The president had ordered him to write the memo justifying the firing,” McCabe wrote of remarks Rosenstein made at a May 2017 meeting, according to the Guardian.

The newspaper obtained a copy of the former FBI official’s book, “The Threat: How the FBI Protects America in the Age of Terror and Trump.” The president has repeatedly slammed McCabe, who was fired from the FBI just before his retirement last year.

Trump has often raged about the Russia investigation and asserted that he did not collude with Russia or obstruct justice. He did so again in tweets Friday morning, calling the probe a “GIANT AND ILLEGAL HOAX.”

Rosenstein appointed Robert Mueller, himself a former FBI director, as special counsel for the Russia probe not long after Trump fired Comey.

The Justice Department, special counsel’s office and White House declined to comment. The FBI directed CNBC to the Justice Department.

Read the full Guardian report here.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, probe, order, memo, write, mccabe, book, fbi, comey, trump, president, director, russia, firing, justice, rosenstein


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WTO director: Trump and Abe are right, we could do better

WTO is not catching up to global changes fast enough, director says 1 Hour Ago | 02:49The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better. Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the trade body was struggling to catch up with the pace of global events and needed to be made more credible. In August last year, President Donald Trump threatened to withdraw the


WTO is not catching up to global changes fast enough, director says 1 Hour Ago | 02:49The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better. Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the trade body was struggling to catch up with the pace of global events and needed to be made more credible. In August last year, President Donald Trump threatened to withdraw the
WTO director: Trump and Abe are right, we could do better Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: david reid
Keywords: news, cnbc, companies, abe, trump, right, organization, world, directorgeneral, global, trade, told, needed, wto, davos, director, better


WTO director: Trump and Abe are right, we could do better

WTO is not catching up to global changes fast enough, director says 1 Hour Ago | 02:49

The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better.

Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the trade body was struggling to catch up with the pace of global events and needed to be made more credible.

In August last year, President Donald Trump threatened to withdraw the U.S. from the WTO, claiming it treated his country unfairly.

Speaking to CNBC at the World Economic Forum (WEF) in Davos, Roberto Azevedo, the director-general of the WTO, said what Abe said is “absolutely right.”

“That is exactly what we are looking for, ideas about how the WTO can reform and modernize so it is not so far behind the curve,” he added.

On the criticism from the U.S., Azevedo conceded that Washington obviously wanted to see the system delivering more, but argued that the U.S. had been “very supportive of reform.”

Azevedo then likened the WTO to the U.S. constitution, noting it needed to adapt to modern life but had not become irrelevant.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: david reid
Keywords: news, cnbc, companies, abe, trump, right, organization, world, directorgeneral, global, trade, told, needed, wto, davos, director, better


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US shale’s full impact still hasn’t hit oil markets, IEA director says

Shale oil’s impact will have “huge implications” for global energy markets for many years, Fatih Birol, executive director at the International Energy Agency, told CNBC on Tuesday. Oil prices have been trading sharply lower amid growing concerns that an economic slowdown in China could temper demand. And even as some producers cut their output, prices have been put under further pressure by a growing supply from the United States. “We will see huge implications of shale, both for oil and gas, fo


Shale oil’s impact will have “huge implications” for global energy markets for many years, Fatih Birol, executive director at the International Energy Agency, told CNBC on Tuesday. Oil prices have been trading sharply lower amid growing concerns that an economic slowdown in China could temper demand. And even as some producers cut their output, prices have been put under further pressure by a growing supply from the United States. “We will see huge implications of shale, both for oil and gas, fo
US shale’s full impact still hasn’t hit oil markets, IEA director says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: david reid
Keywords: news, cnbc, companies, shale, oil, iea, huge, supply, director, told, impact, permian, pressure, hit, output, markets, united, shales, prices


US shale's full impact still hasn't hit oil markets, IEA director says

Shale oil’s impact will have “huge implications” for global energy markets for many years, Fatih Birol, executive director at the International Energy Agency, told CNBC on Tuesday.

Oil prices have been trading sharply lower amid growing concerns that an economic slowdown in China could temper demand. And even as some producers cut their output, prices have been put under further pressure by a growing supply from the United States.

“(If) anybody thinks we have seen the full impact of the shale revolution in the United States, then he or she is making a big mistake,” Birol told CNBC’s Steve Sedgwick at the World Economic Forum in Davos, Switzerland.

“We will see huge implications of shale, both for oil and gas, for many years to come.”

OPEC and its production allies have officially implemented a fresh round of supply cuts, which will see 1.2 million barrels per day removed from the market from the start of January.

Birol said that despite those cuts, prices in 2019 should face renewed pressure with Permian Basin output in western Texas and southeastern New Mexico set to ramp up.

“A huge amount of pipeline capacity is coming in the Permian, 66 percent growth compared to previous years, so the U.S. oil industry’s ability to react to the market is much faster and bolder now,” he said.

Birol said unless there was a large geopolitical event, it would be very difficult to see prices nearing $90 per barrel — as the Brent crude benchmark did in October.


Company: cnbc, Activity: cnbc, Date: 2019-01-22  Authors: david reid
Keywords: news, cnbc, companies, shale, oil, iea, huge, supply, director, told, impact, permian, pressure, hit, output, markets, united, shales, prices


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