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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Trump ‘immediately sending’ Pompeo to meet Saudi king as outcry grows over missing journalist

President Donald Trump said Monday morning that he would send Secretary of State Mike Pompeo “immediately” to meet with the Saudi king as the international outcry continued to grow over missing journalist Jamal Khashoggi. The president also said King Salman denied knowledge of anything regarding the writer’s fate. “His denial to me could not have been stronger,” Trump told reporters later Monday morning. The president also suggested that “rogue killers” might have murdered Khashoggi, a Saudi nat


President Donald Trump said Monday morning that he would send Secretary of State Mike Pompeo “immediately” to meet with the Saudi king as the international outcry continued to grow over missing journalist Jamal Khashoggi. The president also said King Salman denied knowledge of anything regarding the writer’s fate. “His denial to me could not have been stronger,” Trump told reporters later Monday morning. The president also suggested that “rogue killers” might have murdered Khashoggi, a Saudi nat
Trump ‘immediately sending’ Pompeo to meet Saudi king as outcry grows over missing journalist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: mike calia, tom dichristopher
Keywords: news, cnbc, companies, morning, pompeo, journalist, president, told, missing, sending, outcry, suggested, king, immediately, saudi, state, writers, meet, trump


Trump 'immediately sending' Pompeo to meet Saudi king as outcry grows over missing journalist

President Donald Trump said Monday morning that he would send Secretary of State Mike Pompeo “immediately” to meet with the Saudi king as the international outcry continued to grow over missing journalist Jamal Khashoggi.

The president also said King Salman denied knowledge of anything regarding the writer’s fate. “His denial to me could not have been stronger,” Trump told reporters later Monday morning. The president also suggested that “rogue killers” might have murdered Khashoggi, a Saudi national and critic of the royal family who was living in the U.S. under self-imposed exile.

Trump said Pompeo would be departing for the kingdom on Monday morning. The State Department confirmed the top diplomat would be leaving Monday.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: mike calia, tom dichristopher
Keywords: news, cnbc, companies, morning, pompeo, journalist, president, told, missing, sending, outcry, suggested, king, immediately, saudi, state, writers, meet, trump


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Sears was ‘toast’ ever since its 2005 Kmart merger, says former Sears Canada CEO

Sears Holdings may have just filed for bankruptcy on Monday, but the company “was toast about a day after it closed” its merger with Kmart back in 2005, according to former Sears Canada CEO Mark Cohen. Former Toys-R-Us CEO Gerald Storch told CNBC that Sears has lacked a “sustainable competitive advantage” for a “very, very long time.” “This is one more fatal move toward oblivion in these ‘B-‘ and ‘C-level’ malls,” Cohen said. On the other hand, successful “class A” malls might relish the opportu


Sears Holdings may have just filed for bankruptcy on Monday, but the company “was toast about a day after it closed” its merger with Kmart back in 2005, according to former Sears Canada CEO Mark Cohen. Former Toys-R-Us CEO Gerald Storch told CNBC that Sears has lacked a “sustainable competitive advantage” for a “very, very long time.” “This is one more fatal move toward oblivion in these ‘B-‘ and ‘C-level’ malls,” Cohen said. On the other hand, successful “class A” malls might relish the opportu
Sears was ‘toast’ ever since its 2005 Kmart merger, says former Sears Canada CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: carmin chappell
Keywords: news, cnbc, companies, sears, storch, told, retailers, merger, malls, toast, kmart, long, best, bankruptcy, canada, 2005, ceo, cohen


Sears was 'toast' ever since its 2005 Kmart merger, says former Sears Canada CEO

Sears Holdings may have just filed for bankruptcy on Monday, but the company “was toast about a day after it closed” its merger with Kmart back in 2005, according to former Sears Canada CEO Mark Cohen.

While the merger was supposed to give the two struggling retailers a boost by combining their strengths, “the notion that there’s been some turnaround or some transformation in place is just plain bogus,” Cohen told CNBC’s “Squawk Alley” on Monday.

Former Toys-R-Us CEO Gerald Storch told CNBC that Sears has lacked a “sustainable competitive advantage” for a “very, very long time.” While Walmart gives consumers the best value for their money and Best Buy is a household name for electronics, Sears did not have an area where it excelled “at something that really matters to the customer,” Storch said.

Cohen believes that customers will continue to move to Home Depot, Lowe’s and Best Buy for their appliance purchases, which has long been Sears’ most successful line of business. These companies “are the big winners and have been for quite some time,” he added.

Given Sears’ waning influence in the retail space, however, the impact of its bankruptcy on the industry should not be overstated, according to Storch. Any potential gain for other retailers is “a drop in the bucket” compared to overall sales.

Dana Telsey, CEO of Telsey Advisory Group, echoed Cohen and Storch’s view. “I think this has been a long time coming,” she told CNBC. “Other retailers got better while time stood still for Sears.”

As part of the bankruptcy, Sears will close 142 of its 700 remaining stores this year, many of which are located in shopping malls that are already struggling to adapt to changing consumer habits. “This is one more fatal move toward oblivion in these ‘B-‘ and ‘C-level’ malls,” Cohen said.

On the other hand, successful “class A” malls might relish the opportunity to replace Sears with something more attractive to shoppers. “It won’t be too hard to come up with uses that are better than they had” with Sears, said Storch.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: carmin chappell
Keywords: news, cnbc, companies, sears, storch, told, retailers, merger, malls, toast, kmart, long, best, bankruptcy, canada, 2005, ceo, cohen


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Trump suggests Defense Secretary Mattis may depart Pentagon, calls him ‘sort of a Democrat’

President Donald Trump said he is unsure whether Defense Secretary James Mattis is planning to step down from his post, but told CBS’ “60 Minutes” in a pre-taped interview that the retired general might and that he regards Mattis as “sort of a Democrat.” “It could be that he is” planning to depart, Trump said, according to an excerpt of a transcript released on Sunday before the show airs. “I think he’s sort of a Democrat, if you want to know the truth. But General Mattis is a good guy. He may l


President Donald Trump said he is unsure whether Defense Secretary James Mattis is planning to step down from his post, but told CBS’ “60 Minutes” in a pre-taped interview that the retired general might and that he regards Mattis as “sort of a Democrat.” “It could be that he is” planning to depart, Trump said, according to an excerpt of a transcript released on Sunday before the show airs. “I think he’s sort of a Democrat, if you want to know the truth. But General Mattis is a good guy. He may l
Trump suggests Defense Secretary Mattis may depart Pentagon, calls him ‘sort of a Democrat’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: zach gibson, getty images
Keywords: news, cnbc, companies, think, secretary, mattis, calls, unsure, trump, sort, democrat, pentagon, general, truth, told, depart, suggests, planning, defense, transcript


Trump suggests Defense Secretary Mattis may depart Pentagon, calls him 'sort of a Democrat'

President Donald Trump said he is unsure whether Defense Secretary James Mattis is planning to step down from his post, but told CBS’ “60 Minutes” in a pre-taped interview that the retired general might and that he regards Mattis as “sort of a Democrat.”

“It could be that he is” planning to depart, Trump said, according to an excerpt of a transcript released on Sunday before the show airs. “I think he’s sort of a Democrat, if you want to know the truth. But General Mattis is a good guy. We get along very well. He may leave.”


Company: cnbc, Activity: cnbc, Date: 2018-10-14  Authors: zach gibson, getty images
Keywords: news, cnbc, companies, think, secretary, mattis, calls, unsure, trump, sort, democrat, pentagon, general, truth, told, depart, suggests, planning, defense, transcript


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IMF Christine Lagarde on Jamal Khashoggi’s disappearance, Saudi Arabia

BALI, Indonesia — Christine Lagarde, managing director of the International Monetary Fund, said she is “horrified” at the disappearance and suspected killing of journalist Jamal Khashoggi but still plans to attend a conference in Saudi Arabia later this month. U.S. Treasury Secretary Steven Mnuchin told CNBC on Friday that he, too, still plans to attend FII. “We are concerned about what is the status of Mr. Khashoggi,” Mnuchin told CNBC. Saudi Arabia has denied wrongdoing. Khashoggi had been liv


BALI, Indonesia — Christine Lagarde, managing director of the International Monetary Fund, said she is “horrified” at the disappearance and suspected killing of journalist Jamal Khashoggi but still plans to attend a conference in Saudi Arabia later this month. U.S. Treasury Secretary Steven Mnuchin told CNBC on Friday that he, too, still plans to attend FII. “We are concerned about what is the status of Mr. Khashoggi,” Mnuchin told CNBC. Saudi Arabia has denied wrongdoing. Khashoggi had been liv
IMF Christine Lagarde on Jamal Khashoggi’s disappearance, Saudi Arabia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: yen nee lee, chris somodevilla, getty images
Keywords: news, cnbc, companies, visit, arabia, khashoggis, told, world, jamal, christine, lagarde, saudi, imf, attend, disappearance, information, khashoggi


IMF Christine Lagarde on Jamal Khashoggi's disappearance, Saudi Arabia

BALI, Indonesia — Christine Lagarde, managing director of the International Monetary Fund, said she is “horrified” at the disappearance and suspected killing of journalist Jamal Khashoggi but still plans to attend a conference in Saudi Arabia later this month.

“Human rights, freedom of information are essential rights. And horrifying things have been reported and I am horrified,” she told reporters on Saturday in Bali, Indonesia, where the IMF and World Bank are conducting their annual meetings.

“But I have to conduct the business of IMF in all corners of the world, and with many governments,” she added. “When I visit a country, I always speak my mind. You know me, I do. At this point in time, my intention is to not change my plan and to be very attentive to the information that is coming out in the next few days, but I speak my mind.”

Lagarde was responding to a question on whether she will proceed with her planned visit to Riyadh, Saudi Arabia to attend the Future Investment Initiative, also known as “Davos in the Desert,” which is scheduled for Oct. 23 to 25.

Several luminaries and media outlets — including CNBC, Financial Times, CNN and The New York Times — have withdrawn from the event, citing concerns about the disappearance of Khashoggi and his alleged murder.

Lagarde is not the only one who is going ahead with attending the conference. U.S. Treasury Secretary Steven Mnuchin told CNBC on Friday that he, too, still plans to attend FII.

“We are concerned about what is the status of Mr. Khashoggi,” Mnuchin told CNBC. “If more information comes out and changes, we could look at that, but I am planning on going.”

Khashoggi, a critic of Crown Prince Mohammed bin Salman and the Saudi royal family, was last seen Oct. 2 when he entered the Saudi consulate in Istanbul. Saudi Arabia has denied wrongdoing. Turkey has reportedly informed the U.S. that it has video and audio evidence showing Khashoggi, who wrote for The Washington Post, was killed inside the consulate.

Khashoggi had been living in the United States as a voluntary exile from Saudi Arabia.

Several senators, led by Republicans Bob Corker and Lindsey Graham, have triggered a U.S. investigation into Khashoggi’s whereabouts. The White House has said senior administration officials, including President Donald Trump’s son-in-law and top advisor Jared Kushner and Secretary of State Mike Pompeo, have been in contact with the crown prince regarding the journalist’s disappearance.

— CNBC’s Mike Calia contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: yen nee lee, chris somodevilla, getty images
Keywords: news, cnbc, companies, visit, arabia, khashoggis, told, world, jamal, christine, lagarde, saudi, imf, attend, disappearance, information, khashoggi


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Rob Gronkowski shares the money advice he gives his NFL teammates

When he got his first NFL paycheck, Gronkowski says he put it all in the bank. It wasn’t until recently, after eight seasons of being frugal, that he finally decided to splurge. “When I signed my incentive deal last year, my friend had a chain and I was like, ‘Dang, man, that’s a nice chain,'” Gronkowski told entrepreneur Maverick Carter on a episode of UNINTERRUPTED’s “Kneading Dough.” After a successful 2017 season that included a Super Bowl appearance, Gronkowski decided to treat himself and


When he got his first NFL paycheck, Gronkowski says he put it all in the bank. It wasn’t until recently, after eight seasons of being frugal, that he finally decided to splurge. “When I signed my incentive deal last year, my friend had a chain and I was like, ‘Dang, man, that’s a nice chain,'” Gronkowski told entrepreneur Maverick Carter on a episode of UNINTERRUPTED’s “Kneading Dough.” After a successful 2017 season that included a Super Bowl appearance, Gronkowski decided to treat himself and
Rob Gronkowski shares the money advice he gives his NFL teammates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: courtney connley, tom szczerbowski, getty images, scott halleran
Keywords: news, cnbc, companies, gives, nfl, money, know, teammates, advice, shares, gronkowski, told, nice, save, deal, rob, frugal, jewelry, decided


Rob Gronkowski shares the money advice he gives his NFL teammates

When he got his first NFL paycheck, Gronkowski says he put it all in the bank. And he spends his endorsement money carefully too. It wasn’t until recently, after eight seasons of being frugal, that he finally decided to splurge.

“When I signed my incentive deal last year, my friend had a chain and I was like, ‘Dang, man, that’s a nice chain,'” Gronkowski told entrepreneur Maverick Carter on a episode of UNINTERRUPTED’s “Kneading Dough.” “I never had jewelry in my life. He let me wear it last year at a party and it made me feel good.”

After a successful 2017 season that included a Super Bowl appearance, Gronkowski decided to treat himself and buy a nice chain.

“Now I know why people got jewelry,” he told Carter. “Now I understand why.”

Gronkowski isn’t the first or only well-paid NFL player to be open about his frugal spending habits. Minnesota Vikings star Kirk Cousins, who is the first quarterback to have a multi-year, fully guaranteed deal and so can count on $84 million coming his way, nonetheless drives a dented GMC Savana van that he purchased from his grandma for $5,000.

Cousins also revealed to GQ that, after being drafted into the league in 2012, he and his wife still spent their summers living in his parents’ basement to save on housing costs.

In a 2016 interview with the Wall Street Journal, Cousins explained, “you don’t know how long you’re going to play, you’ve got to save every dollar even though you are making a good salary.”

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Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: courtney connley, tom szczerbowski, getty images, scott halleran
Keywords: news, cnbc, companies, gives, nfl, money, know, teammates, advice, shares, gronkowski, told, nice, save, deal, rob, frugal, jewelry, decided


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Trump says he will call Saudi King Salman about disappearance of journalist Khashoggi

President Donald Trump told reporters on Friday that he has not talked to Saudi Arabia’s King Salman but will call the royal leader soon, as questions mount about the disappearance of prominent Saudi journalist Jamal Khashoggi. A delegation from Saudi Arabia has now arrived in Turkey as part of a joint investigation into the disappearance. Khashoggi entered the Saudi consulate in Istanbul on Oct. 2 to get documents for his forthcoming marriage, but Turkish officials and his fiancee, who was wait


President Donald Trump told reporters on Friday that he has not talked to Saudi Arabia’s King Salman but will call the royal leader soon, as questions mount about the disappearance of prominent Saudi journalist Jamal Khashoggi. A delegation from Saudi Arabia has now arrived in Turkey as part of a joint investigation into the disappearance. Khashoggi entered the Saudi consulate in Istanbul on Oct. 2 to get documents for his forthcoming marriage, but Turkish officials and his fiancee, who was wait
Trump says he will call Saudi King Salman about disappearance of journalist Khashoggi Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12
Keywords: news, cnbc, companies, told, salman, waiting, trump, saudi, king, turkish, soon, talked, journalist, disappearance, turkey, khashoggi


Trump says he will call Saudi King Salman about disappearance of journalist Khashoggi

President Donald Trump told reporters on Friday that he has not talked to Saudi Arabia’s King Salman but will call the royal leader soon, as questions mount about the disappearance of prominent Saudi journalist Jamal Khashoggi.

A delegation from Saudi Arabia has now arrived in Turkey as part of a joint investigation into the disappearance. Khashoggi entered the Saudi consulate in Istanbul on Oct. 2 to get documents for his forthcoming marriage, but Turkish officials and his fiancee, who was waiting outside, said he never came out.


Company: cnbc, Activity: cnbc, Date: 2018-10-12
Keywords: news, cnbc, companies, told, salman, waiting, trump, saudi, king, turkish, soon, talked, journalist, disappearance, turkey, khashoggi


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A key Brexit breakthrough could happen next week: Here’s what you need to know

Expectations are high going into next week’s European summit after the EU’s Brexit negotiator said a deal is “within reach.” But, the message from Brussels is still that “there is no breakthrough yet.” Brexit negotiators are working “day and night” to carve out a deal that will allow them to move forward with the process. In the best-case scenario, technical teams will manage to make “decisive progress” at the start of next week, paving the way for a successful European summit on Wednesday. If t


Expectations are high going into next week’s European summit after the EU’s Brexit negotiator said a deal is “within reach.” But, the message from Brussels is still that “there is no breakthrough yet.” Brexit negotiators are working “day and night” to carve out a deal that will allow them to move forward with the process. In the best-case scenario, technical teams will manage to make “decisive progress” at the start of next week, paving the way for a successful European summit on Wednesday. If t
A key Brexit breakthrough could happen next week: Here’s what you need to know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: silvia amaro, bloomberg, getty images
Keywords: news, cnbc, companies, need, brussels, told, eu, technical, breakthrough, happen, key, heres, summit, reach, european, progress, week, know, brexit, working


A key Brexit breakthrough could happen next week: Here's what you need to know

Expectations are high going into next week’s European summit after the EU’s Brexit negotiator said a deal is “within reach.” But, the message from Brussels is still that “there is no breakthrough yet.”

Brexit negotiators are working “day and night” to carve out a deal that will allow them to move forward with the process. In the best-case scenario, technical teams will manage to make “decisive progress” at the start of next week, paving the way for a successful European summit on Wednesday.

European leaders gathering in Brussels Wednesday will hear from Prime Minister Theresa May and decide whether there is room to complete the so-called Withdrawal Agreement — the plan outlining how the U.K. will leave the EU in March of next year. If that’s the case, the EU will announce next week a new date for an emergency summit, sometime in mid-November.

“What I can say from our side, today, Thursday the 21th of October is that we are not there yet, there is no breakthrough yet. Intensive technical negotiations are continuing to see if we can reach the decisive progress we were referring to yesterday,” Margaritis Schinas, a spokesperson for the European Commission, told reporters in Brussels on Thursday.

He added: “We are working hard to reach a deal.”

The main stumbling block remains the border between Northern Ireland and the Republic of Ireland.

“Northern Ireland is still the big issue,” an EU official, who did not want to be named due to the sensitivity of the talks, told CNBC over the phone.

“We don’t have to agree now on the full mechanism, we can draw a solution in the coming years, but we need to agree now on the backstop,” the official said.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: silvia amaro, bloomberg, getty images
Keywords: news, cnbc, companies, need, brussels, told, eu, technical, breakthrough, happen, key, heres, summit, reach, european, progress, week, know, brexit, working


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Mnuchin isn’t worried about China dumping Treasurys

Treasury Secretary Steven Mnuchin said Friday he isn’t worried about China selling its stockpile of U.S. Treasurys in retaliation over trade because there’s plenty of demand for U.S. government bonds. “If they decide they don’t want to hold them, there are other buyers,” Mnuchin told CNBC’s Geoff Cutmore. “And, obviously, that would be very costly for them to do.” “They’re looking at economics the way we’re looking at economics, so it is not something I’m losing any sleep about,” Mnuchin added i


Treasury Secretary Steven Mnuchin said Friday he isn’t worried about China selling its stockpile of U.S. Treasurys in retaliation over trade because there’s plenty of demand for U.S. government bonds. “If they decide they don’t want to hold them, there are other buyers,” Mnuchin told CNBC’s Geoff Cutmore. “And, obviously, that would be very costly for them to do.” “They’re looking at economics the way we’re looking at economics, so it is not something I’m losing any sleep about,” Mnuchin added i
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Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, told, mnuchin, xi, white, looking, worried, economics, dumping, trade, president, house, china, treasurys, isnt


Mnuchin isn't worried about China dumping Treasurys

Treasury Secretary Steven Mnuchin said Friday he isn’t worried about China selling its stockpile of U.S. Treasurys in retaliation over trade because there’s plenty of demand for U.S. government bonds.

“If they decide they don’t want to hold them, there are other buyers,” Mnuchin told CNBC’s Geoff Cutmore. “And, obviously, that would be very costly for them to do.”

“They’re looking at economics the way we’re looking at economics, so it is not something I’m losing any sleep about,” Mnuchin added in the interview from Bali, Indonesia, where the International Monetary Fund and the World Bank were holding their annual meetings.

Top White House economic advisor Larry Kudlow told CNBC on Thursday the White House was working on a meeting between President Donald Trump and Chinese President Xi Jinping at next month’s G-20 summit in Argentina.

The leaders of the world’s two largest economies will be getting together at a time when Washington and Beijing are locked in a trade war that’s seen each side imposing tariffs on each other’s products.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, told, mnuchin, xi, white, looking, worried, economics, dumping, trade, president, house, china, treasurys, isnt


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Turkish court rules to release US pastor Brunson

Witnesses said Brunson wept as the decision was announced. Before the judge’s ruling, the pastor told the court: “I am an innocent man. I love Jesus, I love Turkey.” Earlier, witnesses told the court that testimonies attributed to them against the pastor were inaccurate, heightening expectations that Brunson could be released and returned to the United States. “I do not understand how this is related to me,” Brunson said after the judge questioned one of a series of witnesses.


Witnesses said Brunson wept as the decision was announced. Before the judge’s ruling, the pastor told the court: “I am an innocent man. I love Jesus, I love Turkey.” Earlier, witnesses told the court that testimonies attributed to them against the pastor were inaccurate, heightening expectations that Brunson could be released and returned to the United States. “I do not understand how this is related to me,” Brunson said after the judge questioned one of a series of witnesses.
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Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: afp, getty images
Keywords: news, cnbc, companies, told, pastor, judge, released, love, washington, turkish, rules, release, brunson, turkey, witnesses, court


Turkish court rules to release US pastor Brunson

A Turkish court ruled on Friday to release the U.S. evangelical Christian pastor at the center of a bitter diplomatic row between Ankara and Washington, a move that could be the first step towards mending ties between the NATO allies.

The court passed a 3 years and 1 1/2 month sentence on Brunson, who had been charged with terrorism offenses, but said he would not serve any further time because he had already been detained since October 2016.

Witnesses said Brunson wept as the decision was announced. Before the judge’s ruling, the pastor told the court: “I am an innocent man. I love Jesus, I love Turkey.”

The case against Brunson, an evangelical preacher from North Carolina who has lived in Turkey for more than 20 years and was arrested two years ago, had led to U.S. tariffs against Turkey and drawn condemnation from President Donald Trump.

Brunson was charged with links to Kurdish militants and supporters of Fethullah Gulen, the cleric blamed by Turkey for a failed coup attempt in 2016. Brunson denied the accusation and Washington had demanded his immediate release.

Earlier, witnesses told the court that testimonies attributed to them against the pastor were inaccurate, heightening expectations that Brunson could be released and returned to the United States.

Brunson appeared in the courtroom in the western coastal town of Aliaga wearing a black suit, white shirt and red tie. His wife Norine looked on from the visitors’ seating area as he listened to testimony from defense and prosecution witnesses.

“I do not understand how this is related to me,” Brunson said after the judge questioned one of a series of witnesses. He said the judge was asking the witness about incidents Brunson was not involved in.

The lira was little changed on the day. It had firmed 3 percent on Thursday on expectations that he would be released. It stood at 5.910 at 1336 GMT.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: afp, getty images
Keywords: news, cnbc, companies, told, pastor, judge, released, love, washington, turkish, rules, release, brunson, turkey, witnesses, court


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