Facebook hires top State Department lawyer as general counsel

Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals. The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who said last year that he would be departing. Facebook also named John Pinette as vice president of global communications, succeeding Caryn Marooney, who announc


Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals. The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who said last year that he would be departing. Facebook also named John Pinette as vice president of global communications, succeeding Caryn Marooney, who announc
Facebook hires top State Department lawyer as general counsel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: ari levy, jerry lampen, afp, getty images
Keywords: news, cnbc, companies, hires, pompeo, counsel, communications, lawyer, facebook, president, newstead, company, department, state, general, vice, worked


Facebook hires top State Department lawyer as general counsel

Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals.

The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who said last year that he would be departing. Facebook also named John Pinette as vice president of global communications, succeeding Caryn Marooney, who announced her plans to leave in February.

Newstead, who was confirmed by the Senate in December 2017, is a government veteran, having previously worked at the Office of Management and Budget, the Department of Justice and as an associate White House counsel. Secretary of State Mike Pompeo thanked Newstead for her service in a statement, without addressing where she was going.

“Jennifer Newstead is an exceptional lawyer who has served the American people, our State Department team, and the Trump Administration faithfully as our Legal Adviser,” Pompeo wrote. “Her expertise and sharp judgment on an array of critical foreign policy issues will be greatly missed.”

Newstead brings some controversy with her. As part of the George W. Bush administration in the aftermath of the Sept. 11 terrorist attacks, Newstead helped draft the Patriot Act, which granted law enforcement agencies greater surveillance power over ordinary Americans.

Pinette most recently worked as vice president of marketing and communications at Vulcan, the business and philanthropic group started by Microsoft co-founder Paul Allen. Before that, he led communications for Bill Gates’ private office and also worked at Google.

Facebook has seen an exodus of top talent since the company became embroiled in controversy following the 2016 presidential election, when the platform was manipulated by foreign actors and flooded with fake news. The company is now trying to regain the trust of users, lawmakers and even advertisers, and CEO Mark Zuckerberg has laid out his plans for a “privacy-focused” future.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: ari levy, jerry lampen, afp, getty images
Keywords: news, cnbc, companies, hires, pompeo, counsel, communications, lawyer, facebook, president, newstead, company, department, state, general, vice, worked


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Facebook hires top State Department lawyer as general counsel

Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals. The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who said last year that he would be departing. Facebook also named John Pinette as vice president of global communications, succeeding Caryn Marooney, who announc


Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals. The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who said last year that he would be departing. Facebook also named John Pinette as vice president of global communications, succeeding Caryn Marooney, who announc
Facebook hires top State Department lawyer as general counsel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: ari levy, jerry lampen, afp, getty images
Keywords: news, cnbc, companies, hires, pompeo, counsel, communications, lawyer, facebook, president, newstead, company, department, state, general, vice, worked


Facebook hires top State Department lawyer as general counsel

Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals.

The company said Jennifer Newstead, the legal adviser to the U.S. State Department, is joining the company as its general counsel, replacing Colin Stretch, who said last year that he would be departing. Facebook also named John Pinette as vice president of global communications, succeeding Caryn Marooney, who announced her plans to leave in February.

Newstead, who was confirmed by the Senate in December 2017, is a government veteran, having previously worked at the Office of Management and Budget, the Department of Justice and as an associate White House counsel. Secretary of State Mike Pompeo thanked Newstead for her service in a statement, without addressing where she was going.

“Jennifer Newstead is an exceptional lawyer who has served the American people, our State Department team, and the Trump Administration faithfully as our Legal Adviser,” Pompeo wrote. “Her expertise and sharp judgment on an array of critical foreign policy issues will be greatly missed.”

Newstead brings some controversy with her. As part of the George W. Bush administration in the aftermath of the Sept. 11 terrorist attacks, Newstead helped draft the Patriot Act, which granted law enforcement agencies greater surveillance power over ordinary Americans.

Pinette most recently worked as vice president of marketing and communications at Vulcan, the business and philanthropic group started by Microsoft co-founder Paul Allen. Before that, he led communications for Bill Gates’ private office and also worked at Google.

Facebook has seen an exodus of top talent since the company became embroiled in controversy following the 2016 presidential election, when the platform was manipulated by foreign actors and flooded with fake news. The company is now trying to regain the trust of users, lawmakers and even advertisers, and CEO Mark Zuckerberg has laid out his plans for a “privacy-focused” future.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: ari levy, jerry lampen, afp, getty images
Keywords: news, cnbc, companies, hires, pompeo, counsel, communications, lawyer, facebook, president, newstead, company, department, state, general, vice, worked


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources

Former Vice President Joe Biden and his team have hired over a dozen senior advisors from President Barack Obama’s administration for his upcoming 2020 campaign for president, CNBC has learned. Numerous former Obama White House advisors who have been brought on to work with Biden’s team, have yet to hear where the campaign will be headquartered. Biden was born in Scranton, Pennsylvania and as a Senator, represented the First State for over three decades. Biden, according to people with direct kn


Former Vice President Joe Biden and his team have hired over a dozen senior advisors from President Barack Obama’s administration for his upcoming 2020 campaign for president, CNBC has learned. Numerous former Obama White House advisors who have been brought on to work with Biden’s team, have yet to hear where the campaign will be headquartered. Biden was born in Scranton, Pennsylvania and as a Senator, represented the First State for over three decades. Biden, according to people with direct kn
Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: brian schwartz, saul loeb, afp, getty images
Keywords: news, cnbc, companies, administration, president, vice, campaign, white, senior, sources, work, biden, 2020, hires, obama, dozen, advisors, house, infrastructure, team


Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources

Former Vice President Joe Biden and his team have hired over a dozen senior advisors from President Barack Obama’s administration for his upcoming 2020 campaign for president, CNBC has learned.

Many of these people didn’t work within Biden’s office throughout Obama’s tenure as president, but they have extensive campaign experience ranging from political consulting to communications, according to sources with direct knowledge of the matter.

Since their time in the Obama White House, some of these aides have gone on to work on Hillary Clinton’s 2016 presidential campaign and later helped Democrats retake the U.S. House of Representatives during the 2018 congressional midterm elections, these people said.

Numerous former Obama White House advisors who have been brought on to work with Biden’s team, have yet to hear where the campaign will be headquartered. But they expect it will be either in Delaware or Pennsylvania. Biden was born in Scranton, Pennsylvania and as a Senator, represented the First State for over three decades.

Those who described the recent hirings declined to be named in this story because they did not want to get ahead of the upcoming announcement.

NBC News reported on Friday that the former lawmaker is set to announce his much anticipated 2020 presidential run next week. Biden, according to people with direct knowledge of the matter, is likely to roll out his campaign video in the coming days.

A spokesman for Biden declined to comment.

At a recent press gaggle with reporters, the former Vice President touted his connection to Obama and their legacy.

“I’m an Obama-Biden Democrat, man, and I’m proud of it,” he said at the time.

Since at least March, Biden and his team have been discussing potential economic policies for a third White House campaign, including an infrastructure reform plan, cutting taxes for the middle class and bettering income inequality, CNBC first reported.

An emphasis on infrastructure would give Biden an opportunity to directly challenge Donald Trump on a key aspect of the president’s “Make America Great Again” agenda. Trump ran on improving the nation’s roads, bridges and tunnels, but those policies have yet to take shape as the administration’s $1 trillion infrastructure plan failed to gain traction.


Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: brian schwartz, saul loeb, afp, getty images
Keywords: news, cnbc, companies, administration, president, vice, campaign, white, senior, sources, work, biden, 2020, hires, obama, dozen, advisors, house, infrastructure, team


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Elizabeth Warren calls for start of impeachment proceedings against Trump

Senator Elizabeth Warren, who is running for the Democratic presidential nomination, on Friday said Congress should begin the process of removing President Donald Trump from office over findings in U.S. Special Counsel Robert Mueller’s report. Warren is the first of the major contenders for the Democratic presidential nomination to call for impeachment, a day after the release of Mueller’s report on Russian meddling in the 2016 election. Mueller did not establish that the Trump campaign coordina


Senator Elizabeth Warren, who is running for the Democratic presidential nomination, on Friday said Congress should begin the process of removing President Donald Trump from office over findings in U.S. Special Counsel Robert Mueller’s report. Warren is the first of the major contenders for the Democratic presidential nomination to call for impeachment, a day after the release of Mueller’s report on Russian meddling in the 2016 election. Mueller did not establish that the Trump campaign coordina
Elizabeth Warren calls for start of impeachment proceedings against Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: scott olson, getty images news, getty images
Keywords: news, cnbc, companies, president, start, warren, nomination, elizabeth, senator, muellers, calls, presidential, investigation, wrongdoing, democratic, proceedings, trump, impeachment


Elizabeth Warren calls for start of impeachment proceedings against Trump

Senator Elizabeth Warren, who is running for the Democratic presidential nomination, on Friday said Congress should begin the process of removing President Donald Trump from office over findings in U.S. Special Counsel Robert Mueller’s report.

Warren is the first of the major contenders for the Democratic presidential nomination to call for impeachment, a day after the release of Mueller’s report on Russian meddling in the 2016 election.

Mueller did not establish that the Trump campaign coordinated with Russians but did find multiple acts by the President that were capable of exerting undue influence over law enforcement investigations.

While Mueller ultimately decided not to charge Trump with a crime such as obstruction of justice, he also said that the investigation did not exonerate the president.

Warren, a Senator from Massachusetts, said that “to ignore a Presidents repeated efforts to obstruct an investigation into his own disloyal behavior would inflict great and lasting damage on this country.”

Other Democratic leaders have played down talk of impeachment of Trump just 18 months before the 2020 presidential election.

Trump’s lawyers said in a statement that the “results of the investigation are a total victory for the President” and that “it is clear there was no criminal wrongdoing.”


Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: scott olson, getty images news, getty images
Keywords: news, cnbc, companies, president, start, warren, nomination, elizabeth, senator, muellers, calls, presidential, investigation, wrongdoing, democratic, proceedings, trump, impeachment


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump allies dismiss Mueller report’s damaging details and claim ‘total vindication’

For those in Trump’s political firmament, however, the damaging revelations in the Mueller report appeared not to exist at all. “President Trump has been fully and completely exonerated yet again,” Brad Parscale, Trump’s 2020 campaign manager, said in a statement. Republican National Committee chairwoman Ronna Romney McDaniel called the report “a complete and total vindication of President Trump.” “Instead, they prioritized spying on a political opponent — the Trump campaign — and used a phony D


For those in Trump’s political firmament, however, the damaging revelations in the Mueller report appeared not to exist at all. “President Trump has been fully and completely exonerated yet again,” Brad Parscale, Trump’s 2020 campaign manager, said in a statement. Republican National Committee chairwoman Ronna Romney McDaniel called the report “a complete and total vindication of President Trump.” “Instead, they prioritized spying on a political opponent — the Trump campaign — and used a phony D
Trump allies dismiss Mueller report’s damaging details and claim ‘total vindication’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, dismiss, president, political, mueller, allies, claim, vindication, sought, reports, pence, trump, details, damaging, trumps, campaign, statement, report, total


Trump allies dismiss Mueller report's damaging details and claim 'total vindication'

Yet even as they held up the report by special counsel Robert Mueller as proof of their client’s innocence, Trump’s lawyers also sought to undermine the veracity of the report itself, and the scores of damaging revelations contained within it.

The report included vivid details of more than a dozen instances during which the president appears to have sought to interfere in the special counsel’s Russia probe.

“The report itself is nothing more than an attempt to rehash old allegations” wrote Trump’s lawyers. The attorneys also suggested that the report might violate rules that prohibit the Justice Department from “insinuating or alleging that an individual who has not been charged with a crime is nevertheless guilty of some wrongdoing.”

While Trump himself made only a passing reference to the report on Thursday morning, Vice President Mike Pence issued a statement that essentially served as the White House’s formal response. “The report confirms what the President and I have said since day one: there was no collusion between the Trump campaign and Russia and there was no obstruction of justice,” the statement said.

Even as he struck a note of confidence, Pence also tacitly acknowledged that the report’s release would do little to put to rest the serious questions raised about the propriety of the president’s actions during his first two years in office. According to Pence, however, these questions amount to little more than partisan political weapons.

“While many Democrats will cling to discredited allegations,” Pence said, “the American people can be confident President Trump and I will continue to focus” on improving the country.

For those in Trump’s political firmament, however, the damaging revelations in the Mueller report appeared not to exist at all.

“President Trump has been fully and completely exonerated yet again,” Brad Parscale, Trump’s 2020 campaign manager, said in a statement.

“Now that the collusion and obstruction conspiracy theories have been exposed for the pathetic hoaxes they always were,” the statement continued, “the Obama-era DOJ and FBI must answer for their misdeeds and the scam that they perpetrated against the American people.”

Republican National Committee chairwoman Ronna Romney McDaniel called the report “a complete and total vindication of President Trump.”

“It is increasingly clear that the only scandal here is the Obama administration’s repeated failure to act against Russian cyber meddling,” she added. “Instead, they prioritized spying on a political opponent — the Trump campaign — and used a phony DNC-funded dossier as justification.”

Both McDaniels’ and the Trump campaign’s statements sought to dismiss the contents of the report and focus on the unfounded allegation that Trump’s 2016 presidential campaign had been placed under improper surveillance due to its myriad contacts with people suspected of connections to Russian intelligence.

Yet as the amount of damaging information about the president’s actions grew larger and more public Thursday, it was unclear how long Trump’s political operation would be able to go on focusing exclusively on Attorney General Bill Barr’s conclusions while ignoring the report’s contents.

WATCH: Pimco’s Libby Cantrill: The Mueller report will slow lawmaking in Congress


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: christina wilkie, carlos barria
Keywords: news, cnbc, companies, dismiss, president, political, mueller, allies, claim, vindication, sought, reports, pence, trump, details, damaging, trumps, campaign, statement, report, total


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here’s why special counsel Robert Mueller did not say whether Trump obstructed justice

The detailed report goes through each of the actions Mueller investigated for potential obstruction, laying out the evidence and analyzing the president’s possible intent. In many cases, the special counsel says the motives behind the president’s actions are inconclusive. Mueller’s team says “the evidence shows that the President was focused on the Russia investigation’s implications for his presidency.” Other evidence indicates that the President was concerned about the impact of the Russia inv


The detailed report goes through each of the actions Mueller investigated for potential obstruction, laying out the evidence and analyzing the president’s possible intent. In many cases, the special counsel says the motives behind the president’s actions are inconclusive. Mueller’s team says “the evidence shows that the President was focused on the Russia investigation’s implications for his presidency.” Other evidence indicates that the President was concerned about the impact of the Russia inv
Here’s why special counsel Robert Mueller did not say whether Trump obstructed justice Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, team, obstruction, counsel, special, told, mueller, ability, robert, obstructed, investigation, justice, trump, evidence, russia, president, say, heres, report


Here's why special counsel Robert Mueller did not say whether Trump obstructed justice

The detailed report goes through each of the actions Mueller investigated for potential obstruction, laying out the evidence and analyzing the president’s possible intent. In many cases, the special counsel says the motives behind the president’s actions are inconclusive.

Here’s one example in how Mueller’s team viewed Trump’s intent in firing Comey:

The evidence does not establish that the termination of Comey was designed to cover up a conspiracy between the Trump Campaign and Russia: As described in Volume I, the evidence uncovered in the investigation did not establish that the President or those close to him were involved in the charged Russian computer-hacking or active-measure conspiracies, or that the President otherwise had an unlawful relationship with any Russian official. But the evidence does indicate that a thorough FBI investigation would uncover facts about the campaign and the President personally that the President could have understood to be crimes or that would give rise to personal and political concerns.

Several parts of the Mueller report reference the apparent anger and frustration Trump felt about the investigation — which Barr referenced earlier Thursday in outlining the decision not to charge the president with obstruction. Mueller’s team says “the evidence shows that the President was focused on the Russia investigation’s implications for his presidency.”

One section of the report explains how evidence shows Trump thought the probe would hinder his ability to conduct foreign policy:

Evidence indicates that the President was angered by both the existence of the Russia investigation and the public reporting that he was under investigation, which he knew was not true based on Comey’s representations. The President complained to advisors that if people thought Russia helped him with the election, it would detract from what he had accomplished. Other evidence indicates that the President was concerned about the impact of the Russia investigation on his ability to govern. The President complained that the perception that he was under investigation was hurting his ability to conduct foreign relations, particularly with Russia. The President told Coats he “can’t do anything with Russia,” he told Rogers that “the thing with the Russians” was interfering with his ability to conduct foreign affairs, and he told Comey that “he was trying to run the country and the cloud of this Russia business was making that difficult.”

In the report, Mueller’s team concluded that it did not think investigating the president for obstruction affects his ability to carry out his constitutional duties — specifically in the context of his authority to oversee investigations.

Read the full report below.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, team, obstruction, counsel, special, told, mueller, ability, robert, obstructed, investigation, justice, trump, evidence, russia, president, say, heres, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump barely disrupted Russia investigation, Mueller report says

President Donald Trump barely influenced the Russia investigation, according to special counsel Robert Mueller’s team. Those include him asking former FBI Director James Comey to stop investigating former national security advisor Michael Flynn and ordering former White House counsel Don McGahn to remove Mueller, among other instances. Comey and McGahn did not carry out the president’s requests – which McGahn referred to as “crazy s—,” according to Mueller’s report. Former Trump campaign manag


President Donald Trump barely influenced the Russia investigation, according to special counsel Robert Mueller’s team. Those include him asking former FBI Director James Comey to stop investigating former national security advisor Michael Flynn and ordering former White House counsel Don McGahn to remove Mueller, among other instances. Comey and McGahn did not carry out the president’s requests – which McGahn referred to as “crazy s—,” according to Mueller’s report. Former Trump campaign manag
Trump barely disrupted Russia investigation, Mueller report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, jonathan ernst
Keywords: news, cnbc, companies, carry, barely, house, probe, requests, mueller, investigation, muellers, disrupted, trump, presidents, russia, president, white, report


Trump barely disrupted Russia investigation, Mueller report says

President Donald Trump barely influenced the Russia investigation, according to special counsel Robert Mueller’s team.

But it’s largely because the people he ordered to disrupt the probe into Russian efforts to influence the 2016 election did not carry out his orders, according to a redacted report released Thursday.

Mueller’s team outlined several key events it investigated relating to questions of whether Trump obstructed justice. Those include him asking former FBI Director James Comey to stop investigating former national security advisor Michael Flynn and ordering former White House counsel Don McGahn to remove Mueller, among other instances.

“The President’s efforts to influence the investigation were mostly unsuccessful, but that is largely because the persons who surrounded the President declined to carry out orders or accede to his requests,” the report reads.

Comey and McGahn did not carry out the president’s requests – which McGahn referred to as “crazy s—,” according to Mueller’s report. The former White House counsel prepared to resign instead of following through on what the president wanted.

Former Trump campaign manager Corey Lewandowski and former White House aide Rick Dearborn also did not carry out the president’s requests. Trump asked them to deliver a message to former Attorney General Jeff Sessions saying he should try to limit the Mueller probe to only future election meddling. Lewandowski was not a member of the administration.

Ultimately, Mueller’s team did not conclude whether the president obstructed justice by trying to influence the probe. It in part cited difficulties in determining the president’s intent behind his actions.

Attorney General William Barr and Deputy Attorney General Rod Rosenstein declined to charge Trump with obstruction, a move met with skepticism from congressional Democrats.

Trump responded to the release of the report by saying “No collusion, no obstruction,” at a White House event Thursday.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, jonathan ernst
Keywords: news, cnbc, companies, carry, barely, house, probe, requests, mueller, investigation, muellers, disrupted, trump, presidents, russia, president, white, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Investors don’t think Mueller report will get in the way of Trump reelection

Read more: The redacted Mueller report is expected Thursday. And the other thing is how does Trump react? But even so, the headlines coming from the Mueller report are not expected to rock the stock market unless they start to seriously weaken Trump. He also said at this point, he does not think investors are convinced Trump will win reelection. Earlier this week, Goldman Sachs economists issued a report saying Trump has a narrow advantage in the 2020 election at this point.


Read more: The redacted Mueller report is expected Thursday. And the other thing is how does Trump react? But even so, the headlines coming from the Mueller report are not expected to rock the stock market unless they start to seriously weaken Trump. He also said at this point, he does not think investors are convinced Trump will win reelection. Earlier this week, Goldman Sachs economists issued a report saying Trump has a narrow advantage in the 2020 election at this point.
Investors don’t think Mueller report will get in the way of Trump reelection Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: patti domm, kevin lamarque
Keywords: news, cnbc, companies, report, president, trump, think, reelection, economy, impact, does, going, dont, way, investors, mueller


Investors don't think Mueller report will get in the way of Trump reelection

The release of special counsel Robert Mueller’s report is unlikely to change the growing sense in markets that President Donald Trump can win reelection if the economy remains solid, analysts say.

A redacted version of Mueller’s report is expected to be released Thursday morning, and it should add context to the four-page summary released last month by Attorney General William Barr. The attorney general said Mueller did not establish conspiracy or coordination between the Trump campaign and the Russians.

The state of the economy next year will end up mattering more, analysts say. Instead of concerning themselves too much with the details that could emerge from the Mueller report, investors are paying more attention to its potential impact on whether the president can reach a trade agreement with China.

“A lot of this is priced in already, and the market is saying that Trump is going to be the candidate,” said Daniel Clifton, head of policy research at Strategas. “The risks of impeachment are very low even if there’s something in that report. I think the consensus view holds, and does it make it easier to get a China deal through? The answer is yes.”

Still, there are uncertainties about what the report could reveal. Analysts expect there to be much focus on details that can be used to argue either way whether there was any appearance of obstruction of justice by the president. Barr said there was insufficient evidence to charge Trump with obstruction, but he also said “while this report does not conclude that President committed a crime, it also does not exonerate him.”

Mueller’s two-year probe resulted in criminal charges against 35 people and three companies, including the president’s long time personal lawyer, Michael Cohen, his former campaign manager Paul Manafort and the former national security adviser Michael Flynn.

Read more: The redacted Mueller report is expected Thursday. Here’s how we got here, and what’s next

“There are a couple of wild cards. How many embarrassing things will be revealed? And the other thing is how does Trump react? If he gets furious about these allegations, there will be a lot of eyebrows raised,” said Horizon Investment’s chief global strategist, Greg Valliere. “The other wildcard is eventually Mueller is going to have to testify. I think the Mueller testimony will be explosive and refocus attention. … When Trump says he’s totally exonerated, he has not been totally exonerated. That has yet to be addressed.”

But even so, the headlines coming from the Mueller report are not expected to rock the stock market unless they start to seriously weaken Trump.

“I don’t think it’s going to have a lot of impact,” said James Paulsen, chief investment strategist at Leuthold Group. “It’s possible that the way it has impact is not so much whether Trump gets impeached or not, but if it tends to alter the political polls either way, then it would have impact.”

Democrats are expected to seize on any questionable issue, and Paulsen said what matters is if it continues to look like Republicans can hold the Senate and White House. He also said at this point, he does not think investors are convinced Trump will win reelection.

“I think a loss of the Republican side would have Wall Street’s expectations dialed back, and there would be concerns around regulations and different tax policies. I think that would hurt outlooks. To the extent it would move the needle one way or other, it would have impact, but I don’t think it will,” he said. “I still think the bigger thing ultimately will be where the economy goes. If the economy does fade or accelerates again going into the election, that’s huge.”

Valliere also said the economy is what ultimately matters most.

“I think there’s a growing sentiment that the Democratic field is not particularly strong, and I think there’s a growing sentiment if the economy stays in decent shape, yes, he is the favorite,” said Valliere.

Earlier this week, Goldman Sachs economists issued a report saying Trump has a narrow advantage in the 2020 election at this point.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: patti domm, kevin lamarque
Keywords: news, cnbc, companies, report, president, trump, think, reelection, economy, impact, does, going, dont, way, investors, mueller


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China eyeing Trump’s late May Japan trip for potential Xi summit

One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May. The two sides have been discussing


One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May. The two sides have been discussing
China eyeing Trump’s late May Japan trip for potential Xi summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: kayla tausche
Keywords: news, cnbc, companies, president, trump, potential, negotiations, xi, china, visit, trip, late, end, trumps, japan, eyeing, summit


China eyeing Trump's late May Japan trip for potential Xi summit

As the U.S. and China work through the final stages of trade negotiations, Chinese officials are identifying international travel dates on President Donald Trump’s calendar that might offer potential for a summit off of U.S. soil, according to three sources briefed on negotiations.

One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude.

Neither the White House nor the Embassy of Japan would confirm the trip, in which Trump would be the first foreign leader received by Crown Prince Naruhito after he accedes to the throne on May 1.

But the three sources briefed on the negotiations, requesting anonymity to protect their relationships with the Trump administration, said it’s one option being considered. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May.

“I would say we’ll know over the next four weeks,” Trump told reporters gathered in the Oval Office on April 5 for an event with the Chinese vice premier. “It may take two weeks after that to get it papered, but over the next fairly short period of time, we’re going to know.”

While that timeline would put the target end date right around Trump’s trip to Japan, Treasury Secretary Steven Mnuchin said talks would not be bound by an “arbitrary timeline,” and the South China Morning Post threw cold water on a deal being done by then.

Erin Ennis, senior vice president at the US-China Business Council, suggested a later June meeting – perhaps on the sidelines of the G20 at the end of the month – would be more feasible.

“It seems like both sides want to have the deal completed first before they’re willing to discuss when and where a summit would happen,” Ennis told CNBC.

In late January, China initially invited Pres. Trump to meet Pres. Xi on the island of Hainan in the South China Sea. The White House countered with Mar-a-Lago, one venue that still remains under consideration. But China has also suggested that if its president were to travel to the U.S. solely to announce a trade agreement, it would need to be in the form of an official state visit. The two sides have been discussing a potential state visit by Xi since 2018.

The May 26-28 trip was previously reported by the Japan Times.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: kayla tausche
Keywords: news, cnbc, companies, president, trump, potential, negotiations, xi, china, visit, trip, late, end, trumps, japan, eyeing, summit


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Peru’s ex-president Garcia dies after shooting himself to avoid arrest

Peru’s former president Alan Garcia died in a hospital in Lima on Wednesday, hours after shooting himself in the head to avoid arrest in connection with a bribery probe, authorities said on Wednesday. Garcia governed as a nationalist from 1985 to 1990 before remaking himself as a free-market proponent and winning another five-year term in 2006. Last year, Garcia asked Uruguay for political asylum after he was banned from leaving the country to keep him from fleeing or obstructing the investigati


Peru’s former president Alan Garcia died in a hospital in Lima on Wednesday, hours after shooting himself in the head to avoid arrest in connection with a bribery probe, authorities said on Wednesday. Garcia governed as a nationalist from 1985 to 1990 before remaking himself as a free-market proponent and winning another five-year term in 2006. Last year, Garcia asked Uruguay for political asylum after he was banned from leaving the country to keep him from fleeing or obstructing the investigati
Peru’s ex-president Garcia dies after shooting himself to avoid arrest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: luis robayo, afp, getty images
Keywords: news, cnbc, companies, arrest, perus, president, political, wrongdoing, uruguay, ordered, garcia, odebrecht, shooting, dies, connection, avoid, room, peru, expresident


Peru's ex-president Garcia dies after shooting himself to avoid arrest

Peru’s former president Alan Garcia died in a hospital in Lima on Wednesday, hours after shooting himself in the head to avoid arrest in connection with a bribery probe, authorities said on Wednesday.

Garcia was 69.

A skilled orator elected president twice, first as a firebrand leftist and then as a champion of foreign investment and free trade, Garcia had been dogged by allegations of corruption in recent years that he repeatedly denied.

Garcia had been one of nine people a judge had ordered to be arrested on Wednesday for alleged involvement in bribes distributed by Odebrecht, a Brazilian construction company that triggered Latin America’s biggest graft scandal when it admitted in 2016 that it had paid kickbacks to politicians across the region to secure lucrative contracts.

Members of his party announced his death to crowds gathered outside of hospital Casimiro Ulloa, where he suffered three cardiac arrests and underwent emergency surgery.

President Martin Vizcarra said on Twitter that he was “consternated” by Garcia’s death, and sent his condolences to his family members.

Garcia governed as a nationalist from 1985 to 1990 before remaking himself as a free-market proponent and winning another five-year term in 2006.

He had denied wrongdoing involving Odebrecht, and blamed his legal troubles on political persecution.

“Others might sell out, not me,” Garcia said in broadcast comments on Tuesday, repeating a phrase he has used frequently as his political foes became ensnared in the Odebrecht investigation.

Interior Minister Carlos Moran said at a news conference before Garcia died that the former president had told police he needed to call his attorney after they arrived at his home in Lima to arrest him.

“He entered his room and closed the door behind him,” Moran said. “Within a few minutes, a shot from a firearm was heard, and police forcibly entered the room and found Mr. Garcia sitting with a wound in his head.”

Last year, Garcia asked Uruguay for political asylum after he was banned from leaving the country to keep him from fleeing or obstructing the investigation. Uruguay rejected the request.

Garcia would have been the third former president in Peru to have been jailed in the Odebrecht case. Ollanta Humala spent nine months in pre-trial detention in 2017-2018 and Pedro Pablo Kuczynski was arrested without charges last week.

A fourth former president, Alejandro Toledo, is fighting extradition from California after a judge in Peru ordered him jailed for 18 months in connection with Odebrecht in 2017.

All have denied wrongdoing in connection with Odebrecht.

In Peru, criminal suspects can be ordered to spend up to three years in jail before trial if prosecutors can show they have evidence that likely would lead to a conviction and the suspect would likely flee or try to interfere in the investigation.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: luis robayo, afp, getty images
Keywords: news, cnbc, companies, arrest, perus, president, political, wrongdoing, uruguay, ordered, garcia, odebrecht, shooting, dies, connection, avoid, room, peru, expresident


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post