US reportedly considers new warship passage through Taiwan Strait

The United States is considering a new operation to send warships through the Taiwan Strait, U.S. officials tell Reuters, a mission aimed at ensuring free passage through the strategic waterway but which risks heightening tensions with China. They did not discuss the potential timing for any fresh passage through the strait. It raised concerns over U.S. policy toward Taiwan in talks this week with U.S. Defense Secretary Jim Mattis in Singapore. Even as Washington mulls ordering a fresh passage t


The United States is considering a new operation to send warships through the Taiwan Strait, U.S. officials tell Reuters, a mission aimed at ensuring free passage through the strategic waterway but which risks heightening tensions with China. They did not discuss the potential timing for any fresh passage through the strait. It raised concerns over U.S. policy toward Taiwan in talks this week with U.S. Defense Secretary Jim Mattis in Singapore. Even as Washington mulls ordering a fresh passage t
US reportedly considers new warship passage through Taiwan Strait Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-20  Authors: sam yeh afp getty images
Keywords: news, cnbc, companies, passage, wei, taiwan, reportedly, fresh, warship, policy, defense, strait, secretary, washington, considers, raised


US reportedly considers new warship passage through Taiwan Strait

The United States is considering a new operation to send warships through the Taiwan Strait, U.S. officials tell Reuters, a mission aimed at ensuring free passage through the strategic waterway but which risks heightening tensions with China.

The U.S. Navy conducted a similar mission in the strait’s international waters in July and any repeat would be seen in self-ruled Taiwan as a fresh expression of support by President Donald Trump’s government.

The U.S. military declined comment and U.S. officials who discussed the deliberations, which have not been previously reported, did so on condition of anonymity. They did not discuss the potential timing for any fresh passage through the strait.

China views Taiwan as a wayward province and has been ramping up pressure to assert its sovereignty over the island. It raised concerns over U.S. policy toward Taiwan in talks this week with U.S. Defense Secretary Jim Mattis in Singapore.

Even as Washington mulls ordering a fresh passage through the strait, it has been trying to explain to Beijing that its policies toward Taiwan are unchanged. Mattis delivered that message to China’s Defense Minister Wei Fenghe personally on Thursday, on the sidelines of an Asian security forum.

“Minister Wei raised Taiwan and concerns about our policy. The Secretary reassured Minister Wei that we haven’t changed our Taiwan policy, our one China policy,” said Randall Schriver, a U.S. assistant secretary of defense who helps guide Pentagon policy in Asia.

“So it was, I think, a familiar exchange.”

Washington has no formal ties with Taiwan but is bound by law to help it defend itself and is the island’s main source of arms. The Pentagon says Washington has sold Taiwan more than $15 billion in weaponry since 2010.


Company: cnbc, Activity: cnbc, Date: 2018-10-20  Authors: sam yeh afp getty images
Keywords: news, cnbc, companies, passage, wei, taiwan, reportedly, fresh, warship, policy, defense, strait, secretary, washington, considers, raised


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China’s GDP disappoints, but stocks surge anyway as officials pledge to support markets

Greater China markets made a strong comeback on Friday afternoon, following a series of measures announced by Chinese leaders to support the struggling stock market. Thursday had seen a sell-off in the mainland Chinese markets, with the Shanghai index seeing its lowest point since November 2014. China’s securities regulator unveiled a series of measures to aid the country’s struggling stock market, which had been on a downward trajectory all year. “The market is oversold anyway, the market is so


Greater China markets made a strong comeback on Friday afternoon, following a series of measures announced by Chinese leaders to support the struggling stock market. Thursday had seen a sell-off in the mainland Chinese markets, with the Shanghai index seeing its lowest point since November 2014. China’s securities regulator unveiled a series of measures to aid the country’s struggling stock market, which had been on a downward trajectory all year. “The market is oversold anyway, the market is so
China’s GDP disappoints, but stocks surge anyway as officials pledge to support markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: weizhen tan, eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, disappoints, index, hong, chinese, markets, china, oversold, surge, stocks, stock, gdp, officials, chinas, policy, market, support, pledge


China's GDP disappoints, but stocks surge anyway as officials pledge to support markets

Greater China markets made a strong comeback on Friday afternoon, following a series of measures announced by Chinese leaders to support the struggling stock market.

After a turbulent morning following weaker-than-expected GDP data and a sharp sell-off the day before, shares in the mainland rebounded, rising more than 2 percent.

By market close, the Shanghai composite and the Shenzhen composite had surged 2.58 percent, while the Nasdaq-style Chinext index went up 3.18 percent. Hong Kong’s Hang Seng index rose 0.51 percent as at 3.21 p.m. HK/SIN.

Thursday had seen a sell-off in the mainland Chinese markets, with the Shanghai index seeing its lowest point since November 2014.

Investors had also been jittery after China’s GDP numbers were released, showing that economic growth slowed to 6.5 percent year-over-year in the third quarter. That missed expectations for 6.6 percent growth, according to analysts polled by Reuters. Friday’s print was the weakest pace since the first quarter of 2009.

But on Friday morning, the heads of the People’s Bank of China, the Securities Regulatory Commission and the Banking and Insurance Regulatory Commission all issued statements expressing support for the stock market and positive economic fundamentals.

China’s securities regulator unveiled a series of measures to aid the country’s struggling stock market, which had been on a downward trajectory all year. It said it would encourage funds to help ease liquidity difficulties at listed companies, and would support share buy-backs.

However, Hao Hong, head of research and chief strategist at Bank of Communications (International), said China was already poised for an “oversold rebound” — even without the supportive comments from the regulators.

“The market is oversold anyway, the market is so oversold it’s not funny,” he told CNBC on the phone.

“If you want to make a speech to support the stock market now may be the right time,” Hong said, noting that would give “more bang for your buck.”

The Commonwealth Bank of Australia, meanwhile, said in an afternoon note that the GDP data released on Friday is “likely to encourage the Chinese authorities to keep macro-economic policy settings supportive.”

“We expect monetary policy to remain ‘prudent’ and fiscal policy to remain ‘more proactive’,” the note said.

— CNBC’s Huileng Tan, Yen Nee Lee, Evelyn Cheng and Reuters contributed to the story.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: weizhen tan, eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, disappoints, index, hong, chinese, markets, china, oversold, surge, stocks, stock, gdp, officials, chinas, policy, market, support, pledge


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China’s currency is expected to fall below its own ‘red line,’ prompting more complaints from US

Some strategists say China has been trying to prevent the yuan’s decline from becoming too disruptive or triggering a capital flight out of the country. But a number of them say China could also now let the yuan fall through 7 later this year or next year. “In our view there’s no reason why the depreciation of the Chinese yuan should stop at the level of 7. It’s a psychological level, but we actually think the Chinese yuan will continue to weaken,” said David. China’s third quarter GDP is expect


Some strategists say China has been trying to prevent the yuan’s decline from becoming too disruptive or triggering a capital flight out of the country. But a number of them say China could also now let the yuan fall through 7 later this year or next year. “In our view there’s no reason why the depreciation of the Chinese yuan should stop at the level of 7. It’s a psychological level, but we actually think the Chinese yuan will continue to weaken,” said David. China’s third quarter GDP is expect
China’s currency is expected to fall below its own ‘red line,’ prompting more complaints from US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: patti domm, getty images
Keywords: news, cnbc, companies, trade, think, chinese, expected, china, fall, yuan, dollar, red, chinas, prompting, policy, bank, currency, complaints, say, line


China's currency is expected to fall below its own 'red line,' prompting more complaints from US

The yuan on Thursday fell as China’s stock markets sold off sharply amid fears of margin calls and more losses. The yuan touched 6.94 to the U.S. dollar, its lowest level since January 2017. Markets are watching to see if it will get to 7 yuan to the dollar, a level not seen for 10 years.

“Its a red line because it’s psychological and also because China previously seemed to defend it verbally,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. He said the move to 7 is likely but not until after President Donald Trump and Chinese President Xi Jinping meet in November, and discuss trade.

Strategists say the trade conflict between the U.S. and China is a factor that has been strengthening the dollar, and weakening the yuan. The yuan began falling markedly in June when trade tensions flared. But strategists say there are other factors at work that have been weakening the currency, and much of them are domestic, including the steep drop in stock prices.

Shanghai stocks were down 2.9 percent on Thursday and are down 25 percent since the start of the year.

Some strategists say China has been trying to prevent the yuan’s decline from becoming too disruptive or triggering a capital flight out of the country. But a number of them say China could also now let the yuan fall through 7 later this year or next year.

“Typically, it’s seen as an important psychological threshold but now that the renminbi is falling from 6.3 to 6.9, and there’s been no significant outflows form China, we think the PBOC is confident they can manage a further fall below 7 without a destabilizing decline.” said Chang Liu, Chinese economist at Capital Economics.

There are signs that China is trying to support the renminbi, as the yuan is also called. September data from the People’s Bank of China shows the central bank tried to stem losses.

“They sold FX to support the renminbi…about $17 billion worth of reserves, the most since the start of 2017,” Liu said.

The People’s Bank of China each day sets a rate for the yuan, allowing it to trade in a band against the dollar that is 2 percent on either side of its midpoint value. That is the onshore currency, or CNY. The offshore currency CNH is used by foreign investors and banks, and it typically lags the CNY.

Jonas David, emerging market strategist at UBS Global Wealth Management’s chief investment office, said the declining yuan is linked to the softening of the Chinese economy. “We clearly see an economy that is softening. We see further monetary and fiscal policy easing,” he said.

David said he expects to see the yuan reach 7.10 over the next six months and 7.30 to the dollar within a year. “In our view there’s no reason why the depreciation of the Chinese yuan should stop at the level of 7. It’s a psychological level, but we actually think the Chinese yuan will continue to weaken,” said David.

When the Treasury issued its currency report Wednesday, Treasury Secretary Steven Mnuchin said in a statement that China’s lack of transparency and weakening currency pose “major challenges to achieving fairer and more balanced trade, and we will continue to monitor and review China’s currency practices, including ongoing discussions with the People’s Bank of China.”

Liu said the weaker yuan has helped China avoid the worst impact of trade tariffs.

“So far we think the tariffs impact will more or less be offset by the fall in the renminbi. We’ll see a bit of an increasing headwind next year, as tariffs come up. The economy is slowing but mainly due to domestic factors, the policy makers have been tightening policy since 2016 to earlier this year,” he said, adding a credit slowdown has had an impact on the economy.

But since May, he said there’s been a shift in priorities and China is now using stimulus to boost the economy and encourage bank lending.

China’s third quarter GDP is expected to show a slight decline Friday, falling to 6.6 percent from 6.7 percent.

“There’s a lag between the start of policy and how long it takes to feed through,” said Liu. “We think it will slow for another nine months.”


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: patti domm, getty images
Keywords: news, cnbc, companies, trade, think, chinese, expected, china, fall, yuan, dollar, red, chinas, prompting, policy, bank, currency, complaints, say, line


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Fed’s Quarles says uncertainty calls for gradual U.S. rate hikes

Because it is unclear how long the U.S. economy can sustain its current strength, the Federal Reserve should continue with its gradual interest rate hikes until it becomes undeniable that a change of course is necessary, an influential Fed governor said on Thursday. Randal Quarles, the U.S. central bank’s vice chair of supervision, who rarely discusses monetary policy, said he was optimistic about the economy’s prospects, and that calls for continued “stable, gradual, and predictable” policy tig


Because it is unclear how long the U.S. economy can sustain its current strength, the Federal Reserve should continue with its gradual interest rate hikes until it becomes undeniable that a change of course is necessary, an influential Fed governor said on Thursday. Randal Quarles, the U.S. central bank’s vice chair of supervision, who rarely discusses monetary policy, said he was optimistic about the economy’s prospects, and that calls for continued “stable, gradual, and predictable” policy tig
Fed’s Quarles says uncertainty calls for gradual U.S. rate hikes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: brendan mcdermid
Keywords: news, cnbc, companies, uncertainty, unclear, unless, course, policy, rate, undeniable, hikes, economy, gradual, york, feds, calls, fed, vice, quarles


Fed's Quarles says uncertainty calls for gradual U.S. rate hikes

Because it is unclear how long the U.S. economy can sustain its current strength, the Federal Reserve should continue with its gradual interest rate hikes until it becomes undeniable that a change of course is necessary, an influential Fed governor said on Thursday.

Randal Quarles, the U.S. central bank’s vice chair of supervision, who rarely discusses monetary policy, said he was optimistic about the economy’s prospects, and that calls for continued “stable, gradual, and predictable” policy tightening.

The Fed should “follow that course through the temporarily shifting and sometimes conflicting signs from the economy unless some strong and steady signal requires a firm but moderate correction,” he said at the Economic Club of New York.


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: brendan mcdermid
Keywords: news, cnbc, companies, uncertainty, unclear, unless, course, policy, rate, undeniable, hikes, economy, gradual, york, feds, calls, fed, vice, quarles


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Gold inches down as equities, dollar firm; Fed minutes in focus

The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump’s latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said. Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health. The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019


The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump’s latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said. Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health. The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019
Gold inches down as equities, dollar firm; Fed minutes in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17
Keywords: news, cnbc, companies, prices, market, firm, policy, focus, ounce, inches, dollar, interest, equities, fed, gold, minutes, rates


Gold inches down as equities, dollar firm; Fed minutes in focus

Gold prices edged lower early Wednesday as equities gained and the dollar firmed amid waning risk-averse sentiment, with the market awaiting minutes from the U.S. Federal Reserve’s latest policy meeting for fresh clues on the pace of interest rate hikes.

Spot gold was down 0.2 percent to $1,221.56 per ounce at 0438 GMT, but still near a 2-1/2-month high of $1,233.26 per ounce hit on Monday.

U.S. gold futures were down 0.5 percent at $1,225.2 an ounce.

“The newly minted gold bulls are getting nervous as they haven’t bought at good levels. They were in pretty much at the top and we see those guys exiting the market,” said Stephen Innes, APAC trading head at OANDA in Singapore.

Asian equities rose on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street.

The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent.

The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump’s latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said.

Trump heaped more criticism on the Fed, calling it ‘my biggest threat’ in an interview with Fox Business Network on Tuesday.

Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health.

The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019 and another in 2020.

“The current case of interest rates normalisation is quite cemented and this is taking a little bit of the froth off gold markets,” Innes said.

The release of the minutes from the Fed’s September policy meeting is due at 1800 GMT, Wednesday.

Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion.

Spot gold still targets a range of $1,208-$1,217 per ounce, as it failed to break a strong resistance at $1,235, according to Reuters technical analyst Wang Tao.

Gold, usually seen as a safe store of value during political and economic uncertainty, remains more than 10 percent down from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

In other metals, silver dipped 0.3 percent to $14.60 per ounce, platinum was up 0.1 percent at $838.0 per ounce, and palladium fell 0.3 percent to $1,075.97.


Company: cnbc, Activity: cnbc, Date: 2018-10-17
Keywords: news, cnbc, companies, prices, market, firm, policy, focus, ounce, inches, dollar, interest, equities, fed, gold, minutes, rates


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Fed indicates it’s staying the course on rate hikes despite growing criticism from Trump

Federal Reserve officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday of the central bank’s most recent policy meeting. That may not please President Donald Trump, who has been vocal in his criticism of the central bank’s actions. A summary of the Sept. 25-26 Federal Open Market Committee session reflected both confidence in the rate of economic growth and some hesitancy over the i


Federal Reserve officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday of the central bank’s most recent policy meeting. That may not please President Donald Trump, who has been vocal in his criticism of the central bank’s actions. A summary of the Sept. 25-26 Federal Open Market Committee session reflected both confidence in the rate of economic growth and some hesitancy over the i
Fed indicates it’s staying the course on rate hikes despite growing criticism from Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: jeff cox, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, fed, increase, target, despite, economic, trump, course, minutes, criticism, range, staying, indicates, rate, hikes, market, increases, policy, federal, growing


Fed indicates it's staying the course on rate hikes despite growing criticism from Trump

Federal Reserve officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday of the central bank’s most recent policy meeting.

That may not please President Donald Trump, who has been vocal in his criticism of the central bank’s actions.

A summary of the Sept. 25-26 Federal Open Market Committee session reflected both confidence in the rate of economic growth and some hesitancy over the impact that tariffs might have on the future path.

Ultimately, the committee unanimously voted to approve a quarter-point hike to its benchmark rate target, with members indicating that more increases are on the way. The increase took the Fed’s overnight target to a range of 2 percent to 2.25 percent.

“With regard to the outlook for monetary policy beyond this meeting, participants generally anticipated that further gradual increases in the target range for the federal funds rate would most likely be consistent with a sustained economic expansion, strong labor market conditions, and inflation near 2 percent over the medium term,” the minutes read.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: jeff cox, andrew harrer, bloomberg, getty images
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McCulley: Presidents lose elections because of Fed policy so Trump has right to speak out

“I don’t have any problem with the President speaking on monetary policy. I think there has been too much of this hidden rule that the President is not supposed to speak on monetary policy,” said McCulley. “Monetary policy deals directly with growth, unemployment and inflation and those are issues that Presidents win elections or lose elections on. “I don’t think Mr. Trump is necessarily wrong when he says the Fed is a threat. He forecasted such a battle with President Trump in one of his YouTub


“I don’t have any problem with the President speaking on monetary policy. I think there has been too much of this hidden rule that the President is not supposed to speak on monetary policy,” said McCulley. “Monetary policy deals directly with growth, unemployment and inflation and those are issues that Presidents win elections or lose elections on. “I don’t think Mr. Trump is necessarily wrong when he says the Fed is a threat. He forecasted such a battle with President Trump in one of his YouTub
McCulley: Presidents lose elections because of Fed policy so Trump has right to speak out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: lori ann larocco
Keywords: news, cnbc, companies, fed, goals, trump, think, presidents, monetary, speak, right, wrong, lose, president, policy, elections, trickle, mcculley


McCulley: Presidents lose elections because of Fed policy so Trump has right to speak out

President Trump’s complaints on the Federal Reserve raising rates have found the support of an unlikely alley: Paul McCulley, former PIMCO chief economist told CNBC, the President is to voice his opposition to the central bank’s actions.

“I don’t have any problem with the President speaking on monetary policy. I think there has been too much of this hidden rule that the President is not supposed to speak on monetary policy,” said McCulley. “Monetary policy deals directly with growth, unemployment and inflation and those are issues that Presidents win elections or lose elections on. I think we should lift that veil of silence and I have no problem with that. I wish our President was more articulate and less quite frankly uncouth in how he does it.”

McCulley told CNBC’s Power Lunch the President is not wrong because he won an election based on the will of the people who also wanted an economy growing at 3 to 4 percent.

“I don’t think Mr. Trump is necessarily wrong when he says the Fed is a threat. I think the threat is to his re-election,” McCulley said on CNBC’s “Power Lunch.” “There are two more years to go and the Fed has more tightening it plans to do so the critical thing for the president politically is that he got into office because of the vote of the uneducated, the working class, non-college and they are finally participating in the economic recovery and the trickle down finally has gotten down to his base. And the notion the Fed is going to throw ice cubes in the punch bowl just when his base is arriving to the party understandably frightens him.”

“He wants to see trickle down and he is a trickle down guy get all the way to the bottom of the economic distribution and he’s afraid I think justifiably so that the Fed might say that’s a little bit too hot to run the economy because we are running pretty hot right now.”

From the lens of the law, McCulley said the notion of a less independent Fed is something to talk about.

“I think the Fed has become too powerful. In some respects it had no choice because other arms of the government couldn’t handle things in an efficient sort of way,” explained McCulley. “But I think the essential issue of what is full employment, what is your potential growth rate, what is your inflation target, those are goals. I think there should be more involvement with congress and the executive branch in sharing those goals. I am a big believer in Fed independence operationally. Day to Day, but in goals setting I think they should share the responsibility… They need to morph.”

The Trump versus Fed scenario was not unexpected to McCulley. He forecasted such a battle with President Trump in one of his YouTube videos 18 months ago.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: lori ann larocco
Keywords: news, cnbc, companies, fed, goals, trump, think, presidents, monetary, speak, right, wrong, lose, president, policy, elections, trickle, mcculley


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Trump says he is ‘comfortable’ as president despite political battles

President Donald Trump said in an interview broadcast on Sunday that he was “comfortable” in the White House after almost two years in office, despite political storms over immigration, tariffs and his nomination of Supreme Court Justice Brett Kavanaugh. “Now I very much feel like POTUS,” Trump added, using the acronym for president of the United States. We won,” Trump said. “Washington, D.C. is a vicious, vicious place: the attacks, the bad-mouthing, the speaking behind your back. But you know,


President Donald Trump said in an interview broadcast on Sunday that he was “comfortable” in the White House after almost two years in office, despite political storms over immigration, tariffs and his nomination of Supreme Court Justice Brett Kavanaugh. “Now I very much feel like POTUS,” Trump added, using the acronym for president of the United States. We won,” Trump said. “Washington, D.C. is a vicious, vicious place: the attacks, the bad-mouthing, the speaking behind your back. But you know,
Trump says he is ‘comfortable’ as president despite political battles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, policy, trump, told, comfortable, president, say, despite, battles, won, vicious, children, political, united


Trump says he is 'comfortable' as president despite political battles

President Donald Trump said in an interview broadcast on Sunday that he was “comfortable” in the White House after almost two years in office, despite political storms over immigration, tariffs and his nomination of Supreme Court Justice Brett Kavanaugh.

“It was a little surreal to say I’m the president of the United States, but I think that’s true with everybody,” Trump told the CBS television news program “60 Minutes.”

“Even my friends, they don’t call me Donald, they call me Mr. President. And I say: ‘Will you please loosen up?’ I’ve learned on the job. I have.”

“Now I very much feel like POTUS,” Trump added, using the acronym for president of the United States.

The interview, in which Trump proved as eager as ever for verbal jousting on a range of issues, showed no sign he had any intention of abandoning his freewheeling, in-your-face persona as president.

Trump would not say whether he intended to return to the contentious policy of separating immigrant children from their families at the border, but gave no ground on what he saw as the need for tough policy.

“When you allow the parents to stay together, OK, when you allow that, then what happens is people are going to pour into our country,” Trump said. “There have to be consequences … for coming into our country illegally.”

The family separations and the detention of thousands of children, mostly from Guatemala, Honduras and El Salvador, prompted widespread condemnation of Trump’s policy. About 2,500 children and parents were separated before Trump abandoned the policy in June. Days later, a federal judge ordered the families reunited, a process that is still incomplete.

After a political brawl in the Senate over sexual misconduct allegations against his Supreme Court nominee Brett Kavanaugh, Trump said his remarks at a Mississippi rally in which critics said he mocked accuser Christine Blasey Ford were necessary to win the confirmation fight.

“Had I not made that speech, we would not have won. I was just saying she didn’t seem to know anything,” Trump said. “And you’re trying to destroy a life of a man who has been extraordinary.”

He denied making fun of her, saying instead that he had treated her with respect.

“I’m not going to get into it because we won. It doesn’t matter. We won,” Trump said. Kavanaugh was confirmed by a 50-48 vote in the U.S. Senate earlier this month.

A New York businessman whose upset 2016 victory against Democrat Hillary Clinton sent shock waves across the political world, Trump said he had discovered that the Washington political scene was even tougher than the business world.

“Washington, D.C. is a vicious, vicious place: the attacks, the bad-mouthing, the speaking behind your back. But you know, and in my way, I feel very comfortable here,” the president told CBS.

“I always used to say the toughest people are Manhattan real estate guys and blah, blah. Now I say they’re babies.”


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, policy, trump, told, comfortable, president, say, despite, battles, won, vicious, children, political, united


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Facebook will ban misinformation around voting during the midterm elections

Facebook will ban false information about voting requirements and fake reports of violence or long lines at polling stations in the run-up to and during next month’s U.S. midterm elections, company executives told Reuters, the latest effort to reduce voter manipulation on its service. The new policy was disclosed by Facebook’s cyber security policy chief, Nathaniel Gleicher, and other company executives. That leaves Facebook more open to manipulation by users seeking to affect the election. Just


Facebook will ban false information about voting requirements and fake reports of violence or long lines at polling stations in the run-up to and during next month’s U.S. midterm elections, company executives told Reuters, the latest effort to reduce voter manipulation on its service. The new policy was disclosed by Facebook’s cyber security policy chief, Nathaniel Gleicher, and other company executives. That leaves Facebook more open to manipulation by users seeking to affect the election. Just
Facebook will ban misinformation around voting during the midterm elections Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: leah millis
Keywords: news, cnbc, companies, information, midterm, elections, standards, policy, ban, posts, misinformation, users, facebook, false, voting, company


Facebook will ban misinformation around voting during the midterm elections

Facebook will ban false information about voting requirements and fake reports of violence or long lines at polling stations in the run-up to and during next month’s U.S. midterm elections, company executives told Reuters, the latest effort to reduce voter manipulation on its service.

The world’s largest online social network, with 1.5 billion daily users, has stopped short of banning all false or misleading posts, something that Facebook has shied away from as it would likely increase its expenses and leave it open to charges of censorship.

The latest move addresses a sensitive area for the company, which has come under fire for its lax approach to fake news reports and disinformation campaigns, which many believe affected the outcome of the 2016 presidential election, won by Donald Trump.

The new policy was disclosed by Facebook’s cyber security policy chief, Nathaniel Gleicher, and other company executives.

The ban on false information about voting methods, set to be announced later on Monday, comes six weeks after Senator Ron Wyden asked Chief Operating Officer Sheryl Sandberg how Facebook would counter posts aimed at suppressing votes, such as by telling certain users they could vote by text, a hoax that has been used to reduce turnout in the past.

The information on voting methods becomes one of the few areas in which falsehoods are prohibited on Facebook, a policy enforced by what the company calls “community standards” moderators, although application of its standards has been uneven. It will not stop the vast majority of untruthful posts about candidates or other election issues.

“We don’t believe we should remove things from Facebook that are shared by authentic people if they don’t violate those community standards, even if they are false,” said Tessa Lyons, product manager for Facebook’s News Feed feature that shows users what friends are sharing.

That leaves Facebook more open to manipulation by users seeking to affect the election. Russia, and potentially other foreign parties, are already making “pervasive” efforts to interfere in upcoming U.S. elections, the leader of Trump’s national security team said in early August.

Just days before that, Facebook said it uncovered a coordinated political influence campaign to mislead its users and sow dissension among voters, removing 32 pages and accounts from Facebook and Instagram. Members of Congress briefed by Facebook said the methodology suggested Russian involvement.

Trump has disputed claims that Russia has attempted to interfere in U.S. elections. Russian President Vladimir Putin has denied it.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: leah millis
Keywords: news, cnbc, companies, information, midterm, elections, standards, policy, ban, posts, misinformation, users, facebook, false, voting, company


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Jamal Khashoggi is Trump’s first big foreign policy crisis: Stavridis

Former NATO official: Jamal Khashoggi disappearance is the Trump administration’s first true foreign policy crisis 5 Hours Ago | 02:57There’s about a 50-50 chance that tensions between the United States and Saudi Arabia significantly escalate, retired Adm. James Stavridis told CNBC on Monday. International outcry over the disappearance of journalist Jamal Khashoggi is already growing. “This is the first true foreign policy crisis of the administration,” said Stavridis, former NATO supreme allied


Former NATO official: Jamal Khashoggi disappearance is the Trump administration’s first true foreign policy crisis 5 Hours Ago | 02:57There’s about a 50-50 chance that tensions between the United States and Saudi Arabia significantly escalate, retired Adm. James Stavridis told CNBC on Monday. International outcry over the disappearance of journalist Jamal Khashoggi is already growing. “This is the first true foreign policy crisis of the administration,” said Stavridis, former NATO supreme allied
Jamal Khashoggi is Trump’s first big foreign policy crisis: Stavridis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: michelle fox
Keywords: news, cnbc, companies, crisis, big, trump, policy, disappearance, stavridis, relationship, foreign, sanctions, khashoggi, arabia, saudi, trumps, jamal


Jamal Khashoggi is Trump's first big foreign policy crisis: Stavridis

Former NATO official: Jamal Khashoggi disappearance is the Trump administration’s first true foreign policy crisis 5 Hours Ago | 02:57

There’s about a 50-50 chance that tensions between the United States and Saudi Arabia significantly escalate, retired Adm. James Stavridis told CNBC on Monday.

International outcry over the disappearance of journalist Jamal Khashoggi is already growing. On Monday, President Donald Trump said he would “immediately” send Secretary of State Mike Pompeo to meet with Saudi Arabia’s King Salman. Trump also suggested “rogue killers” might have murdered Khashoggi.

“This is the first true foreign policy crisis of the administration,” said Stavridis, former NATO supreme allied commander.

King Salman has ordered an internal investigation into the disappearance of Khashoggi, who was last seen entering the Saudi consulate in Istanbul on Oct. 2. The journalist, a Saudi national, is a critic of the royal family and lives in the U.S. under self-imposed exile.

“If we don’t get answers as to what happened, this could get very inflamed,” Stavridis said on “Power Lunch.”

“Who’s the big winner? Iran, which will continue to press across the entire region and the potential for instability rises,” he said.

Stavridis called Pompeo’s pending visit a good move.

“We can’t just let this go. That doesn’t mean that we’re going to end up absolutely shattering this vital relationship with the kingdom but we’re going to have to have some answers before we take next steps, which could include some level of sanctions,” he said. “That’s the path that gets us down in flames.”

Those sanctions could start as diplomatic, such as expelling the Saudi ambassador, and could move to sanctions against Saudi companies doing business with U.S. firms and other companies doing business with the kingdom, Stavridis said. Another possibility is withdrawing military support for Saudi Arabia in Yemen, he added.

However, it is too soon to have that conversation. ‘We’ve got to get through a legitimate investigation first,” Stavridis said.

Fred Kempe, president and CEO of public policy group the Atlantic Council, said while it could turn into a foreign policy crisis, he pointed out that there has been a U.S.-Saudi Arabia relationship since 1945.

“Ever since then, one has looked the other way at some of the more controversial aspects of Saudi Arabia because there was just so much at stake with the relationship,” he said on “Closing Bell.”

Therefore, Kempe thinks Pompeo will “find a way around this.”

“I was really interested in the president’s term, ‘rogue killers.’ That may be the escape hatch,” he added.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: michelle fox
Keywords: news, cnbc, companies, crisis, big, trump, policy, disappearance, stavridis, relationship, foreign, sanctions, khashoggi, arabia, saudi, trumps, jamal


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