Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers

He said the suppliers have been working directly with Iran’s customers to make the transition away from Iranian barrels less disruptive. The Saudis stopped short of explicitly guaranteeing a change in policy but reiterated its commitment to balancing oil supply and demand. The kingdom will “coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance,” Saudi Energy Minister Khalid al-Falih said on Mond


He said the suppliers have been working directly with Iran’s customers to make the transition away from Iranian barrels less disruptive. The Saudis stopped short of explicitly guaranteeing a change in policy but reiterated its commitment to balancing oil supply and demand. The kingdom will “coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance,” Saudi Energy Minister Khalid al-Falih said on Mond
Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tom dichristopher, mary catherine wellons
Keywords: news, cnbc, companies, exports, ending, trump, market, zero, stability, saudi, countries, sanctions, drive, waivers, oil, foreign, iran, aims, irans, iranian


Trump aims to drive Iran's oil exports to zero by ending sanctions waivers

Saudi Arabia and UAE have assured the U.S. they will ensure the market has an “appropriate supply,” Pompeo said. He said the suppliers have been working directly with Iran’s customers to make the transition away from Iranian barrels less disruptive.

The Saudis stopped short of explicitly guaranteeing a change in policy but reiterated its commitment to balancing oil supply and demand.

The kingdom will “coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance,” Saudi Energy Minister Khalid al-Falih said on Monday.

“In the next few weeks, the Kingdom will be consulting closely with other producing countries and key oil consuming nations to ensure a well-balanced and stable oil market, for the benefits of producers and consumers as well as the stability of the world economy,” Falih said in a statement.

Following Washington’s official announcement, Trump tweeted that Saudi Arabia and other OPEC members will “more than make up” for any drop in Iranian supplies.

Three of the countries that received the exemptions — Greece, Italy and Taiwan — have already cut their imports from Iran to zero. However, analysts widely expected the Trump administration to extend the waivers to China, India, Japan, South Korea and Turkey, all of which took advantage of the waivers during the first six-month window that began in November.

Companies in those countries now face the threat of being locked out of the U.S. financial system if they continue to import crude from Iran. The question is whether some of those countries will seek to skirt the sanctions, including by facilitating or encouraging purchases of Iranian crude through companies not tied to the U.S. financial system.

China’s Foreign Ministry on Monday denounced Washington’s Iran policy.

“China opposes the unilateral sanctions and so-called ‘long-arm jurisdictions’ imposed by the US. Our cooperation with Iran is open, transparent, lawful and legitimate, thus it should be respected,” Foreign Ministry spokesperson Geng Shuang told reporters.

“Our government is committed to upholding the legitimate rights and interests of Chinese companies and will play a positive and constructive role in upholding the stability of global energy market.”

Turkish Minister of Foreign Affairs Mevlut Cavusoglu also rejected the sanctions, saying they “will not serve regional peace and stability” and would hurt the Iranian people.

Dialing up pressure on Iran threatens to spark maritime conflict in the Persian Gulf. Iran has long threatened to shut down the Strait of Hormuz, the world’s busiest transit lane for seaborne oil shipments, if it is prevented from exporting oil.

On Monday, Iranian officials renewed those threats.

“According to international law, the Strait of Hormuz is a marine passageway and if we are barred from using it, we will shut it down. In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters,” Rear Admiral Alireza Tangsiri, commander of the Islamic Revolution Guards Corps’ Navy, told the al-Alam news channel, according to Iran’s semi-official Fars news agency.

Earlier this month, the Trump administration designated Iran’s Islamic Revolutionary Guard Corps a terrorist organization, marking the first time the U.S. has applied the designation to a foreign country’s military.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tom dichristopher, mary catherine wellons
Keywords: news, cnbc, companies, exports, ending, trump, market, zero, stability, saudi, countries, sanctions, drive, waivers, oil, foreign, iran, aims, irans, iranian


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The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’


The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place. Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment. “I think they’
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Keywords: news, cnbc, companies, china, america, theyve, race, networks, strategy, worlds, attacking, trump, 5g, huawei


The US is attacking Huawei and China — without its own 5G strategy

The United States and China are racing to build out high-speed 5G networks, and President Donald Trump doesn’t want America to come in second place.

Last week, Trump introduced initiatives to speed up the rollout of new wireless networks across the U.S., saying “the race to 5G is a race America must win.” But experts say the U.S. still lacks a clear 5G strategy that goes beyond attacking Huawei, a Chinese tech giant and the world’s biggest supplier of telecommunications equipment.

“I think they’ve been rather leaden-footed in the way they’ve responded,” Nigel Inkster, a former British intelligence official and senior advisor at the International Institute for Strategic Studies, told CNBC’s Beyond the Valley. “Firstly by lacking an explicit, government-articulated strategy in relation to 5G which is only now starting to emerge, but also in arguing or shaping the challenge from China and from Huawei solely as an espionage issue.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: elizabeth schulze, omar marques, sopa images, lightrocket, getty images, qilai shen, bloomberg
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Joseph Stiglitz: US trade deals helped corporations and hurt workers

It might seem that President Trump and I are on the same side of this battle against globalization, but that is wrong. Fundamentally, I believe in the importance of the rule of law — of a rules-based system for governing international trade. Just as we need a rule of law within our economy — without that, no society can function — so too, we need a rules- based international system. Trump, by contrast, wants to return to the rule of the jungle: when there is a trade dispute between two countries


It might seem that President Trump and I are on the same side of this battle against globalization, but that is wrong. Fundamentally, I believe in the importance of the rule of law — of a rules-based system for governing international trade. Just as we need a rule of law within our economy — without that, no society can function — so too, we need a rules- based international system. Trump, by contrast, wants to return to the rule of the jungle: when there is a trade dispute between two countries
Joseph Stiglitz: US trade deals helped corporations and hurt workers Cached Page below :
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Joseph Stiglitz: US trade deals helped corporations and hurt workers

It might seem that President Trump and I are on the same side of this battle against globalization, but that is wrong. Fundamentally, I believe in the importance of the rule of law — of a rules-based system for governing international trade. Just as we need a rule of law within our economy — without that, no society can function — so too, we need a rules- based international system. Trump, by contrast, wants to return to the rule of the jungle: when there is a trade dispute between two countries, they “duke it out,” and the stronger country wins. His misguided view is that since we are stronger than any single country we would win all of these battles, and we could then create an international trade regime that is a maidservant to U.S. interests. He misses two critical points: why would anyone else join such a system, to be taken advantage of, rather than focus on trading and other economic relations with partners that behave and treat others decently? And other countries can, and would, get together, and while we’re not much different in economic size than China and Europe (though within a short while China is slated to be more than 30 percent larger than the US), if the other two got together against us — or any of the other two are joined by large numbers in the “third world” — our seeming power advantage would quickly disappear.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: joseph e stiglitz, david orrell, -joseph stiglitz, nobel-winning economist
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House Judiciary Committee issues subpoena to former White House counsel Don McGahn

White House counsel Don McGahn to depart in the fall 10:57 AM ET Wed, 29 Aug 2018 | 00:40The subpoena calls for McGahn to provide documents to the committee by May 7, and to testify May 21. The demand for documents and testimony drew backlash from the committee’s Republicans. “Don McGahn sat for more than 30 hours of interviews with the special counsel’s investigation, and the chairman has answered that with a stunning 36-item subpoena,” the Georgia Republican said. The subpoena comes as pressur


White House counsel Don McGahn to depart in the fall 10:57 AM ET Wed, 29 Aug 2018 | 00:40The subpoena calls for McGahn to provide documents to the committee by May 7, and to testify May 21. The demand for documents and testimony drew backlash from the committee’s Republicans. “Don McGahn sat for more than 30 hours of interviews with the special counsel’s investigation, and the chairman has answered that with a stunning 36-item subpoena,” the Georgia Republican said. The subpoena comes as pressur
House Judiciary Committee issues subpoena to former White House counsel Don McGahn Cached Page below :
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Keywords: news, cnbc, companies, subpoena, counsel, trump, investigation, mcgahn, judiciary, republican, don, impeachable, house, muellers, demand, committee, issues, documents, white, democrats


House Judiciary Committee issues subpoena to former White House counsel Don McGahn

White House counsel Don McGahn to depart in the fall 10:57 AM ET Wed, 29 Aug 2018 | 00:40

The subpoena calls for McGahn to provide documents to the committee by May 7, and to testify May 21. The documents requested cover a wide range of topics, including those related to the June 2016 Trump Tower meeting between Trump campaign officials and a Russian lawyer, potential pardons for Trump associates and Mueller’s alleged conflicts of interest.

The demand for documents and testimony drew backlash from the committee’s Republicans.

“For the second time in four days, the chairman has issued a subpoena prematurely and contrary to his pledge not ‘to issue a subpoena every time we have a disagreement with the administration.'” Rep. Doug Collins, the top Republican on the committee, said in a statement.

“Don McGahn sat for more than 30 hours of interviews with the special counsel’s investigation, and the chairman has answered that with a stunning 36-item subpoena,” the Georgia Republican said. “Instead of looking at material that Attorney General Barr has already made available, Democrats prefer to demand additional materials they know are subject to constitutional and common-law privileges and cannot be produced.”

The subpoena comes as pressure mounts on Democrats to make a decision on impeachment.

“Some of this would be impeachable,” Nadler said Sunday on NBC’s “Meet the Press,” referring to the findings of Mueller’s investigation. “Obstruction of justice, if proven, would be impeachable.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tucker higgins, evan vucci
Keywords: news, cnbc, companies, subpoena, counsel, trump, investigation, mcgahn, judiciary, republican, don, impeachable, house, muellers, demand, committee, issues, documents, white, democrats


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Oil surges 2.7% to nearly 6-month high, settling at $65.70, after Trump cracks down on Iran exports

The administration said the State Department will cease granting sanctions waivers to any country still importing Iranian crude or condensate, an ultra-light form of crude oil, after May 2. Brent crude, the international benchmark for oil prices, settled $2.07 higher at $74.04, rising 2.9% for its best closing price since Oct. 31, 2018. U.S. West Texas Intermediate crude futures settled $1.70 higher at $65.70, surging 2.7% to a nearly six-month closing high. The surprise move is driving the brea


The administration said the State Department will cease granting sanctions waivers to any country still importing Iranian crude or condensate, an ultra-light form of crude oil, after May 2. Brent crude, the international benchmark for oil prices, settled $2.07 higher at $74.04, rising 2.9% for its best closing price since Oct. 31, 2018. U.S. West Texas Intermediate crude futures settled $1.70 higher at $65.70, surging 2.7% to a nearly six-month closing high. The surprise move is driving the brea
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Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tom dichristopher, weizhen tan
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Oil surges 2.7% to nearly 6-month high, settling at $65.70, after Trump cracks down on Iran exports

Oil prices surged about 3% at midday on Monday, hitting fresh 2019 highs, after the Trump administration announced that all oil buyers will have to end imports from Iran in just over a week or be subject to U.S. sanctions.

The administration said the State Department will cease granting sanctions waivers to any country still importing Iranian crude or condensate, an ultra-light form of crude oil, after May 2.

Brent crude, the international benchmark for oil prices, settled $2.07 higher at $74.04, rising 2.9% for its best closing price since Oct. 31, 2018. Brent rose as high as $74.52 per barrel around midday, sailing past last week’s 2019 intraday peak at $72.27.

U.S. West Texas Intermediate crude futures settled $1.70 higher at $65.70, surging 2.7% to a nearly six-month closing high. WTI earlier rose as high as $65.92, the strongest level since Oct. 31, 2018. WTI had been trading sideways for about two weeks after peaking at $64.79 earlier in the month.

Crude futures first hit new 2019 highs following report by the Washington Post on the Trump administration’s new policy.

The surprise move is driving the breakout in oil prices, said Michael Bradley, equity strategist at investment bank Tudor Pickering Holt.

“Crude markets were taken by surprise today as the Trump administration indicated it WON’T renew waivers that lets countries purchase Iranian oil without facing U.S. sanctions,” he said in a research note. “Many expected that the US would take tougher action on the waiver front, but most DIDN’T expect an announcement of zero waivers.”

The U.S. reimposed sanctions in November on exports of Iranian oil after U.S. President Donald Trump unilaterally pulled out of a nuclear accord struck in 2015 between Iran and world powers. Washington, however, granted eight of Iran’s biggest oil buyers exemptions that allowed them limited purchases for an additional six months.

The eight buyers are China and India — Iran’s biggest customers — as well as Japan, South Korea, Turkey, Italy, Greece, and Taiwan. The waivers have allowed Iran to continue exporting about 1 million barrels per day, down from roughly 2.5 million bpd last year.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: tom dichristopher, weizhen tan
Keywords: news, cnbc, companies, exports, settling, trump, buyers, 6month, sanctions, nearly, surges, oil, high, cracks, iran, crude, waivers, iranian, prices


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Herman Cain withdraws from consideration for Fed board, Trump says

CNBC survey: Majority say Cain and Moore shouldn’t be confirmed to the Federal Reserve Board 12:29 PM ET Mon, 8 April 2019 | 04:07More importantly, Cain, like Trump, is an outspoken critic of the Federal Reserve, which Cain has accused in the past of “manipulating” the value of the U.S. dollar. In recent weeks, several White House officials expressed what could only be described as tepid support for Cain. There are also concerns among lawmakers and on Wall Street about Trump’s other contentious


CNBC survey: Majority say Cain and Moore shouldn’t be confirmed to the Federal Reserve Board 12:29 PM ET Mon, 8 April 2019 | 04:07More importantly, Cain, like Trump, is an outspoken critic of the Federal Reserve, which Cain has accused in the past of “manipulating” the value of the U.S. dollar. In recent weeks, several White House officials expressed what could only be described as tepid support for Cain. There are also concerns among lawmakers and on Wall Street about Trump’s other contentious
Herman Cain withdraws from consideration for Fed board, Trump says Cached Page below :
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Herman Cain withdraws from consideration for Fed board, Trump says

CNBC survey: Majority say Cain and Moore shouldn’t be confirmed to the Federal Reserve Board 12:29 PM ET Mon, 8 April 2019 | 04:07

More importantly, Cain, like Trump, is an outspoken critic of the Federal Reserve, which Cain has accused in the past of “manipulating” the value of the U.S. dollar.

In addition to having repeatedly criticized the central bank, Cain has also weathered a series of scandals that first came to light during his 2012 presidential campaign but which would unquestionably have come up again in a Senate confirmation hearing.

In late 2011, Cain suspended his presidential campaign after it emerged that three women had accused him of workplace sexual harassment, a fourth woman accused him of sexual assault, and a fifth woman came forward to allege that she and Cain had carried out a 13-year-long extramarital affair. Cain has denied all the allegations.

The prospect of revisiting the allegations during a heated Senate confirmation hearing and having to publicly defend Cain likely held little appeal for the White House.

In recent weeks, several White House officials expressed what could only be described as tepid support for Cain. Larry Kudlow, the director of the National Economic Council, said this month that Cain was “in the vetting process, we will see how that turns out.”

There are also concerns among lawmakers and on Wall Street about Trump’s other contentious pick for the Fed board, conservative political activist and economics writer Stephen Moore.

It is unclear whether Republican senators will vote against Moore, who has had to contend with claims that he is unqualified for the Fed role as well as revelations about his messy divorce. Moore advised Trump during his 2016 campaign and co-authored a 2018 book called “Trumponomics: Inside the America First Plan to Revive Our Economy.”

WATCH: 4th GOP senator plans to vote against Cain for Fed


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: christina wilkie, tucker higgins, daniel acker, bloomberg, getty images
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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 :
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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
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Trump’s NAFTA changes would lead to modest boost in growth and jobs, report says

The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul. A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the t


The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul. A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the t
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Trump's NAFTA changes would lead to modest boost in growth and jobs, report says

The report comes as President Donald Trump pushes Congress to ratify the revised trade deal despite reservations from both Democrats and Republicans. The president has spent his time in office trying to rework trade relationships with major partners, saying changes such as the ones made to NAFTA will encourage American manufacturing and job creation in the U.S.

While the ITC study shows the deal would have positive benefits for jobs and economic growth, it underscores that the deal is hardly the “largest” trade agreement ever as Trump has boasted. Even some Republicans in Congress have called the USMCA more of a tweak to NAFTA than a major overhaul.

“The miniscule projected gains in this long-awaited official government assessment of the revised NAFTA contradict Donald Trump’s grandiose claims that it will lead to ‘cash and jobs pouring into the U.S.’ and reinforces congressional Democrats’ views that absent more improvements, the revised deal won’t stop NAFTA’s ongoing damage,” Lori Wallach, director of Public Citizen’s Global Trade Watch, said in a statement to CNBC.

A separate report from the U.S. Trade Representative, part of the executive branch, projected the deal would have bigger effects on the auto industry specifically. While the ITC estimated 28,000 job gains in the auto sector, the USTR thinks the trade deal would create 76,000 auto jobs in the next five years, a roughly 7.5 percent increase for the industry.

Some industries cheered the ITC report — both the National Association of Manufacturers and the Computer & Communications Industry Association encouraged Congress to approve USMCA following its release.

Democrats — who hold the House and the power to slow ratification of the deal — have raised concerns about labor and environmental provisions contained in the deal. Some GOP lawmakers have also pushed Trump to drop tariffs on steel and aluminum imports from Canada and Mexico before moving forward with the agreement.

The deal would not come without its downsides for consumers. Under the provisions of the agreement, auto costs would rise and sales would fall, the ITC estimated.

— CNBC’s Mary Catherine Wellons contributed to this report

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jacob pramuk, chris kleponis, pool, getty images
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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
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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
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HBO wants Trump to stop making ‘Game of Thrones’-style tweets

In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense. As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show. HBO, a unit of AT&T, said in a statement that


In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense. As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show. HBO, a unit of AT&T, said in a statement that
HBO wants Trump to stop making ‘Game of Thrones’-style tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kevin breuninger, saul loeb, afp, getty images
Keywords: news, cnbc, companies, slogans, thronesstyle, using, political, used, style, making, statement, tweets, stop, trump, hbo, wants, trumps, game, thrones


HBO wants Trump to stop making 'Game of Thrones'-style tweets

In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense.

As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show.

“NO COLLUSION. NO OBSTRUCTION,” the text of the image reads. “FOR THE HATERS AND THE RADICAL LEFT DEMOCRATS — GAME OVER.”

HBO, a unit of AT&T, said in a statement that it doesn’t want Trump using the show, which clocked a record-high 17.4 million viewers during its season premiere, to suit his political agenda.

“Though we can understand the enthusiasm for Game of Thrones now that the final season has arrived, we still prefer our intellectual property not be used for political purposes,” an HBO spokesman said in a statement to CNBC.

Trump has aped the style and slogans of “Game of Thrones” before. He has shared at least two other photos in the past six months that borrow from the slogans and font style of the television series.

In November, Trump promoted his administration’s promised sanctions against Iran by tweeting “SANCTIONS ARE COMING NOVEMBER 5” — a clear reference to the phrase “Winter is coming” popularized by the show.

“We were not aware of this messaging and would prefer our trademark not be misappropriated for political purposes,” HBO told CNBC at the time. The network’s official Twitter account later suggested Trump misused its trademark.

In January, Trump’s Instagram account posted a similar photo — this one apparently meant to promote Trump’s long-held campaign promise to build a wall along the U.S.-Mexico border.

The White House did not immediately respond to a request for comment regarding HBO’s statement.

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Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kevin breuninger, saul loeb, afp, getty images
Keywords: news, cnbc, companies, slogans, thronesstyle, using, political, used, style, making, statement, tweets, stop, trump, hbo, wants, trumps, game, thrones


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