Trump weighs ousting Commerce chief Wilbur Ross after census defeat

But some White House officials expect Ross to be the next Cabinet secretary to depart, possibly as soon as this summer, according to advisers and officials. Frustrated by Ross’ leadership of the Census Bureau, which is within the Commerce Department, Trump has been making calls to allies outside the White House musing about replacing Ross. The White House declined comment. Trump and Ross met — and bonded — through Trump’s Atlantic City casino hotel bankruptcies in the 1990s, with Ross representi


But some White House officials expect Ross to be the next Cabinet secretary to depart, possibly as soon as this summer, according to advisers and officials. Frustrated by Ross’ leadership of the Census Bureau, which is within the Commerce Department, Trump has been making calls to allies outside the White House musing about replacing Ross. The White House declined comment. Trump and Ross met — and bonded — through Trump’s Atlantic City casino hotel bankruptcies in the 1990s, with Ross representi
Trump weighs ousting Commerce chief Wilbur Ross after census defeat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: hans nichols, kayla tausche, cnbc, hallie jackson
Keywords: news, cnbc, companies, allies, president, house, chief, ousting, trump, citizenship, ross, wilbur, weighs, cabinet, secretary, commerce, defeat, census, white


Trump weighs ousting Commerce chief Wilbur Ross after census defeat

President Donald Trump has told aides and allies that he is considering removing Commerce Secretary Wilbur Ross after a stinging Supreme Court defeat on adding a citizenship question to the census, according to multiple people familiar with the conversations.

While Trump has previously expressed frustration with the 81-year-old Ross, in particular over failed trade negotiations, Ross’s long personal relationship with the president has allowed him to keep his job. And after the departure of Labor Secretary Alex Acosta, the Cabinet’s only Hispanic who resigned on Friday amid questions about his role in a controversial 2008 plea agreement with sex offender Jeffrey Epstein, Ross may yet receive another reprieve.

But some White House officials expect Ross to be the next Cabinet secretary to depart, possibly as soon as this summer, according to advisers and officials.

Frustrated by Ross’ leadership of the Census Bureau, which is within the Commerce Department, Trump has been making calls to allies outside the White House musing about replacing Ross.

The White House declined comment.

Ross is one of the original members of a Cabinet that has seen historically high turnover, but his exit would mark the first departure of an agency head that Trump knew well before entering politics.

Trump and Ross met — and bonded — through Trump’s Atlantic City casino hotel bankruptcies in the 1990s, with Ross representing some of Trump’s creditors. For more than 25 years, the two socialized across marriages and states, with both owning nearby residences in Manhattan and Palm Beach. In June of 2016, Ross, a registered Democrat, endorsed Trump for president, saying, “We need a more radical, new approach to government.”

On election night, Trump promised to recruit only the “best and brightest” to serve in his administration, but he has soured on much of his Cabinet. He called his former Secretary of State Rex Tillerson “dumb as a rock,” compared his former Attorney General Jeff Sessions to “Mr. Magoo,” and declared that former Defense Secretary Jim Mattis was “not too good” at his job.

The president has suggested to allies he wants a more hard-charging leader as Commerce Secretary, despite having once talked up Ross as a “killer.” However, there’s no indication the president has reached out directly to potential replacements for Ross.

And while Trump has not hesitated to part ways with members of his Cabinet, he is often slow to replace them, leading to acting secretaries running the Departments of Defense and Homeland Security and now Labor. Across the Cabinet and key agencies there are more than 20 officials with acting titles at top leadership positions.

Before the Supreme Court 5-4 decision barring the administration from including a citizenship question on the 2020 census last month, Trump stood by Ross through a string of controversies, including the wealthy Ross submitting a report on his investments to the Office of Government Ethics that was declared “not accurate.”

Trump initially thought that the Supreme Court’s decision offered him a legal path to add the citizenship question and publicly contradicted administration officials when he vowed to fight on. But then last week, he abruptly changed course and effectively conceded defeat, saying the administration would find other ways to determine the citizenship of the U.S. population. Meanwhile, the House was threatening to hold Ross and Attorney General William Barr in contempt of Congress.

Ross is no stranger to controversy and has frequently landed in hot water with the White House for negotiating deals with China perceived to be weak, eliciting ire from lawmakers in both parties after slapping tariffs on allies, and saying during a government shutdown that he didn’t understand the financial perils federal workers might face during the holidays.

Asked by NBC News on the White House South Lawn on Friday if Ross had disappointed him on the census, Trump responded, “No, he didn’t let me down.”


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: hans nichols, kayla tausche, cnbc, hallie jackson
Keywords: news, cnbc, companies, allies, president, house, chief, ousting, trump, citizenship, ross, wilbur, weighs, cabinet, secretary, commerce, defeat, census, white


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Scott Minerd says there have been talks about him joining the Fed

The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve. Minerd said on “Halftime Report ” that he had not been officially asked to join the Fed, but “there have been discussions.” “It would be a great opportunity to serve the Federal Reserve,” he explained. The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump’s 2016 campaign, to tak


The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve. Minerd said on “Halftime Report ” that he had not been officially asked to join the Fed, but “there have been discussions.” “It would be a great opportunity to serve the Federal Reserve,” he explained. The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump’s 2016 campaign, to tak
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Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound, leslie josephs
Keywords: news, cnbc, companies, waller, scott, white, minerd, fed, guggenheim, federal, seats, report, shelton, reserve, sort, joining, talks


Scott Minerd says there have been talks about him joining the Fed

The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve.

Guggenheim’s Scott Minerd said that discussions took place over the past couple of months before President Donald Trump announced his intention to nominate former advisor Judy Shelton and St. Louis Fed official Christopher Waller to fill vacant seats on the Federal Reserve Board of Governors.

Minerd said on “Halftime Report ” that he had not been officially asked to join the Fed, but “there have been discussions.”

The White House was not immediately available to respond to CNBC’s request for comment.

Meanwhile, Minerd said he would not necessarily accept the job if it were offered. “It would be a great opportunity to serve the Federal Reserve,” he explained. “Obviously, if that were ever to be presented to me I’ve got other things to weigh.”

“I am one of the largest shareholders of Guggenheim Partners,” he continued. “The importance of our continued growth is going to weigh in that decision.” Guggenheim has $265 billion worth of assets under management.

The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump’s 2016 campaign, to take the Fed open seats. Economics writer Stephen Moore and businessman Herman Cain were floated as potential nominees earlier this year, but they were met with widespread criticism and bowed out of consideration.

Minerd said the Fed has “kind of hit the panic button” and cautioned against aggressively cutting rates. “I would be very slow to embrace the sort of whole-hearted jump to sort of locking us in to a rate cut path. Perhaps one rate reduction would be appropriate as an insurance policy to make sure we keep the expansion going, but I think the rhetoric is stronger than that.”

— CNBC’s Tom Franck and Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound, leslie josephs
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Trump escalates attacks on Democratic congresswomen at ‘Made in America’ event

President Donald Trump speaks on the South Lawn of the White House in Washington, July 15, 2019. President Donald Trump escalated his attacks on four progressive Democratic congresswomen on Monday amid bipartisan furor over his comments that the lawmakers should “go back” to the “places from which they came.” Pelosi said in a letter to Democrats on Monday that a draft resolution condemning the president’s tweets was in the works. Texas Reps. Will Hurd, Pete Olson and Chip Roy, all Republicans, a


President Donald Trump speaks on the South Lawn of the White House in Washington, July 15, 2019. President Donald Trump escalated his attacks on four progressive Democratic congresswomen on Monday amid bipartisan furor over his comments that the lawmakers should “go back” to the “places from which they came.” Pelosi said in a letter to Democrats on Monday that a draft resolution condemning the president’s tweets was in the works. Texas Reps. Will Hurd, Pete Olson and Chip Roy, all Republicans, a
Trump escalates attacks on Democratic congresswomen at ‘Made in America’ event Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: tucker higgins sunny kim, tucker higgins, sunny kim
Keywords: news, cnbc, companies, post, wrote, white, event, tweets, members, president, democratic, house, america, escalates, comments, attacks, congresswomen, trump, presidents


Trump escalates attacks on Democratic congresswomen at 'Made in America' event

President Donald Trump speaks on the South Lawn of the White House in Washington, July 15, 2019.

President Donald Trump escalated his attacks on four progressive Democratic congresswomen on Monday amid bipartisan furor over his comments that the lawmakers should “go back” to the “places from which they came.”

Speaking from the White House at an event showcasing products manufactured in the United States, Trump said that Rep. Ilhan Omar, D-Minn., “hates Jews, it’s very simple” and claimed that “New York has not been the same” since Amazon opted out of moving its second headquarters to the state after activist resistance that was supported by Rep. Alexandria Ocasio-Cortez, D-N.Y.

Trump’s tweets on Sunday were slammed as xenophobic by House Speaker Nancy Pelosi, D-Calif., and an increasing number of members of his own party have sought to distance themselves from them. Pelosi said in a letter to Democrats on Monday that a draft resolution condemning the president’s tweets was in the works.

Ocasio-Cortez was born in New York. Omar was born in Somalia and became an American citizen as a teenager. The two other lawmakers the president has targeted, Reps. Ayanna Pressley, D-Mass., and Rashida Tlaib, D-Mich., were born in the United States. All were elected to Congress last year.

Shortly after the president delivered his remarks, Omar, who apologized in February for statements that some of her colleagues denounced as anti-Semitic, wrote in a post on Twitter that she will not be deterred by the president’s attacks.

“They are working to silence the voices of the people who see themselves represented in me. I will stay in the ring, fighting for what is right and will never back down in the face of these attacks,” she wrote.

Ocasio-Cortez wrote earlier Monday that the president was using the “hallmark language of white supremacists.”

After Trump’s tweets sparked outrage on Sunday, he doubled down Monday morning ahead of the “Made in America” products showcase on the White House South Lawn.

“If Democrats want to unite around the foul language & racist hatred spewed from the mouths and actions of these very unpopular & unrepresentative Congresswomen, it will be interesting to see how it plays out,” Trump wrote in a post on Twitter.

The president’s insistence on singling out the four progressives comes despite resistance from members of his own party.

Sen. Tim Scott, R-S.C., the only black Republican senator, had harsh words for the president.

“The President interjected with unacceptable personal attacks and racially offensive language. No matter our political disagreements, aiming for the lowest common denominator will only divide our nation further,” he wrote in a post on Twitter.

Sen. Susan Collins, R-Maine, said in a statement Monday that while she disagreed with the “far-left” members of Congress, the president’s tweets went “way over the line” and urged him to delete them.

Texas Reps. Will Hurd, Pete Olson and Chip Roy, all Republicans, also rejected the president’s comments. Hurd denounced the statements as “racist and xenophobic” in an interview with CNN, while Olson wrote on Twitter that they were “not reflective of the values of the 1,000,000+ people in Texas 22.”

“POTUS was wrong to say any American citizen, whether in Congress or not, has any ‘home’ besides the U.S.,” Roy wrote in a post on Twitter.

GOP Reps. Paul Mitchell and Fred Upton of Michigan also criticized the president. Mitchell told a local radio station that the president’s comments were “really uncalled for,” while Upton tweeted “we must be better than comments like these.”

But many in the party leadership have been silent on the matter. And Trump ally Sen. Lindsey Graham, R-S.C., defended the president, calling the Democratic lawmakers a “bunch of communists” during a Monday interview on Fox News.

Trump cited Graham’s defense approvingly, saying the congresswomen “are socialists definitely.” But Trump took issue with Graham’s statement that the president should “aim higher” than the four progressive members, sometimes referred to as “the squad.”

“What am I supposed to do? Just wait for senators?” Trump asked.

Asked by a reporter about support for his comments from white supremacists, the president said it did not bother him.

“It doesn’t concern me because many people agree with me. If they are not happy with the United States, they can leave,” Trump said.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: tucker higgins sunny kim, tucker higgins, sunny kim
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Mnuchin says White House and Congress are ‘getting closer’ to a deal to raise the debt ceiling

US Treasury Secretary Steven Mnuchin speaks on regulatory issues associated with crypto currency in the briefing room at the White House in Washington, DC, on July 15, 2019. U.S. Secretary Steven Mnuchin said on Monday the administration and Congress are getting close to a deal on raising the U.S. debt ceiling and he has urged lawmakers to take action on the issue before their August recess. “I think there is a preference on both parties, to the extent that we can agree on the debt ceiling and a


US Treasury Secretary Steven Mnuchin speaks on regulatory issues associated with crypto currency in the briefing room at the White House in Washington, DC, on July 15, 2019. U.S. Secretary Steven Mnuchin said on Monday the administration and Congress are getting close to a deal on raising the U.S. debt ceiling and he has urged lawmakers to take action on the issue before their August recess. “I think there is a preference on both parties, to the extent that we can agree on the debt ceiling and a
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Mnuchin says White House and Congress are 'getting closer' to a deal to raise the debt ceiling

US Treasury Secretary Steven Mnuchin speaks on regulatory issues associated with crypto currency in the briefing room at the White House in Washington, DC, on July 15, 2019.

U.S. Secretary Steven Mnuchin said on Monday the administration and Congress are getting close to a deal on raising the U.S. debt ceiling and he has urged lawmakers to take action on the issue before their August recess.

“I think there is a preference on both parties, to the extent that we can agree on the debt ceiling and a budget deal, that that is the first choice, and I think that we’re getting closer,” Mnuchin told reporters during a briefing at the White House.

Mnuchin said that if a deal on all of the issues were not reached before lawmakers were scheduled to take off, they should either stay put or approve an increase in the debt ceiling on its own.

“I think we’re very close to a deal, but as you know, these deals are complicated,” he said. “I’m very hopeful we can come to … an agreement quickly, but having said that, if for whatever reason we cannot agree on all these issues before they leave, I would either expect them to stick around or raise the debt ceiling.”

Mnuchin said he was not concerned about the prospect of a government shutdown related to the budget discussions.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: kate rooney
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US tech companies face new French tax – four experts weigh in

U.S. tech companies are facing more scrutiny from Europe. France’s Senate on Thursday approved a tax on revenues from major tech companies, including Google, Amazon and Facebook, raising the ire of the White House. Stephanie Link of Nuveen sees value in one corner of the tech market. “I understand why you want to own some software, software as a service, but they do trade at 30 to 50 times forward earnings. The better value would be in the semiconductor space and even the FANG because they have


U.S. tech companies are facing more scrutiny from Europe. France’s Senate on Thursday approved a tax on revenues from major tech companies, including Google, Amazon and Facebook, raising the ire of the White House. Stephanie Link of Nuveen sees value in one corner of the tech market. “I understand why you want to own some software, software as a service, but they do trade at 30 to 50 times forward earnings. The better value would be in the semiconductor space and even the FANG because they have
US tech companies face new French tax – four experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: keris lahiff
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US tech companies face new French tax – four experts weigh in

U.S. tech companies are facing more scrutiny from Europe.

France’s Senate on Thursday approved a tax on revenues from major tech companies, including Google, Amazon and Facebook, raising the ire of the White House.

Here’s what the impact could be.

Larry McDonald of Bear Traps Report says the political pressure will hurt tech stocks ahead of the next election:

“You’re talking about companies that are trading at 6 to 10 times sales, earnings multiples are up near 20, and you’ve got a perfect storm coming. You’ve got a number of debates on the Democratic party side, they know that Trump stole a large section of democrats and independents in the last election so they’re moving to the populist realm and then you’ve got a White House that sees this… you’re talking about a White House and Elizabeth Warren and Bernie [Sanders] that are really going to come down hard and pressure the DoJ to act.”

Mark Mahaney, lead internet analyst at RBC Capital, says the threat of increased regulation is coming.

“I look at these large platforms – Google, Facebook, Twitter perhaps – their biggest threats are competition, maturity and regulation but regulation has clearly rared up over the last three or four years to something I don’t think we’ve ever seen before. I think the break-up risk of these assets is extremely low but that there’ll be increased regulations, fines, some restrictions on targeting.”

John Freeman of CFRA Research says the opportunities outweigh the risk.

“Outside of the regulatory risk, these businesses are doing very, very well and I don’t think that valuation is really a concern for those companies at least relative to their growth prospects… I would take issue with their call on software stocks particularly software-as-a-service stocks or cloud stocks. There may be a couple that are overvalued and I think they stand out but I think what’s underappreciated here is the tremendous amount of operating leverage that these businesses have inherently.”

Stephanie Link of Nuveen sees value in one corner of the tech market.

“I understand why you want to own some software, software as a service, but they do trade at 30 to 50 times forward earnings. They do have operating leverage and they do have recurring revenue. That’s why they trade where they do. Expectations are high and it’s a very crowded space. The better value would be in the semiconductor space and even the FANG because they have been dragged down on regulation.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: keris lahiff
Keywords: news, cnbc, companies, companies, tech, tax, white, stocks, software, face, french, youve, value, experts, think, weigh, trade, regulation


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This is how Elizabeth Warren plans to close the pay gap for women of color

She says that “while millions of families count on Latinas and black women to deliver financially, they face a steeper climb to provide that financial security” due to bias and discrimination. On Friday, Democratic presidential candidate Elizabeth Warren released an ambitious plan to close the pay gaps that women of color face at work. Currently, black women, Native American women and Latina women make 61 cents, 58 cents and 53 cents, respectively, compared to white men. “The gap in weekly earni


She says that “while millions of families count on Latinas and black women to deliver financially, they face a steeper climb to provide that financial security” due to bias and discrimination. On Friday, Democratic presidential candidate Elizabeth Warren released an ambitious plan to close the pay gaps that women of color face at work. Currently, black women, Native American women and Latina women make 61 cents, 58 cents and 53 cents, respectively, compared to white men. “The gap in weekly earni
This is how Elizabeth Warren plans to close the pay gap for women of color Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: courtney connley
Keywords: news, cnbc, companies, elizabeth, mothers, gap, plans, companies, women, pay, black, writes, positions, warren, white, color, close


This is how Elizabeth Warren plans to close the pay gap for women of color

Warren cited data that indicates that more than 70% of black mothers and more than 40% of Latina mothers are the sole breadwinners in their families, compared to less than a quarter of white mothers. She says that “while millions of families count on Latinas and black women to deliver financially, they face a steeper climb to provide that financial security” due to bias and discrimination.

In a Medium post, the Massachusetts senator writes that if elected, on day one of her presidency she would implement a set of executive actions that would “boost wages for women of color and open up new pathways to the leadership positions they deserve.”

On Friday, Democratic presidential candidate Elizabeth Warren released an ambitious plan to close the pay gaps that women of color face at work.

Sen. Elizabeth Warren (D-MA) speaks on during the first night of the Democratic presidential debate on June 26, 2019 in Miami, Florida.

Currently, black women, Native American women and Latina women make 61 cents, 58 cents and 53 cents, respectively, compared to white men. “And it’s getting worse,” writes Warren. “The gap in weekly earnings between white and black women is higher today than it was 40 years ago. ”

To fix this problem, Warren says that as president she would deny federal contracts to companies with a poor track record of diversity and equal pay, implement a minimum wage salary of $15 an hour (since black and brown women disproportionately occupy low-wage jobs), ban companies from asking applicants about their salary and criminal histories, and ban companies from using forced arbitration and non-compete clauses that “make it harder for employees to fight wage theft, discrimination and harassment.”

Additionally, Warren points out that women of color also face a steeper climb to higher-level management positions. “Even though black women and Latinas are often the leaders and decision-makers in their own homes and communities, they hold only one spot on the Fortune 500 CEO list and less than 5% of Fortune 500 Board positions, ” she writes.

Currently, Mary Winston, who was appointed interim CEO of Bed, Bath & Beyond in May, is the only black woman leading a Fortune 500 company.

Warren writes that she would provide companies with resources to attract applicants from Historically Black Colleges and Universities (HBCUs), Tribal Colleges and Universities and other minority-serving institutions. She says she would also create paid fellowship programs for federal jobs for minority and low-income candidates and she would require every federal agency to make diversity a core part of its strategic plan. This includes, she says, creating a government-wide mentorship program focused on black and brown employees.

“It’s time to build an America that recognizes the role that women of color play in their families and in the economy,” writes Warren, “that fairly values their work, and that delivers equal opportunity for everyone.”

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Don’t miss: Abortion, equal pay, family leave: Here are all the women’s rights policies proposed by 2020 candidates so far


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: courtney connley
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Joe and Jill Biden made more than $15 million in two years after leaving the White House, tax returns show

Joe Biden and his wife Jill earned more than $15 million in the two years after the former vice president left the Obama administration, according to tax returns released by his presidential campaign Tuesday. The couple reported about $11 million in adjusted gross income in 2017, the documents from 2016 through 2018 show. They followed it up with another $4.6 million in adjusted gross income last year. The Bidens paid about $3.7 million and $1.5 in taxes for 2017 and 2018, respectively — about a


Joe Biden and his wife Jill earned more than $15 million in the two years after the former vice president left the Obama administration, according to tax returns released by his presidential campaign Tuesday. The couple reported about $11 million in adjusted gross income in 2017, the documents from 2016 through 2018 show. They followed it up with another $4.6 million in adjusted gross income last year. The Bidens paid about $3.7 million and $1.5 in taxes for 2017 and 2018, respectively — about a
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Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: jacob pramuk
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Joe and Jill Biden made more than $15 million in two years after leaving the White House, tax returns show

Democratic presidential candidate Joe Biden and his wife, Jill, wave to the crowd during his 2020 campaign kickoff rally at the Eakins Oval in Philadelphia, Pa., on Saturday, May 18, 2019.

Joe Biden and his wife Jill earned more than $15 million in the two years after the former vice president left the Obama administration, according to tax returns released by his presidential campaign Tuesday.

The couple reported about $11 million in adjusted gross income in 2017, the documents from 2016 through 2018 show. They followed it up with another $4.6 million in adjusted gross income last year. Their income spiked from about $396,000 in 2016.

The Bidens paid about $3.7 million and $1.5 in taxes for 2017 and 2018, respectively — about a third of their adjusted gross income. They gave roughly $1 million and $275,000 to charity in 2017 and 2018, respectively.

Biden easily raked in the most money in the past two years among 2020 Democratic presidential candidates who have released tax returns so far. After the former vice president left the White House in January 2017, the Bidens pulled in millions from Joe Biden’s speaking engagements and books written by both Joe and Jill Biden.

The money Biden accumulated after his decadeslong career as an elected official clash with the image he has tried to craft as a humble champion of the working and middle class. The former senator from Delaware has referred to himself as “Middle-Class Joe” and touted his efforts to lift up union workers and low-income families.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: jacob pramuk
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Facebook is not invited to White House social media summit: Company

Facebook said on Monday that it had not been invited to a White House summit on social media being held later this week. The White House has repeatedly declined to say who will attend the July 11 event. White House spokesman Judd Deere said last month the meeting would “bring together digital leaders for a robust conversation on the opportunities and challenges of today’s online environment.” Several conservatives on social media have said they are attending the summit, including Bill Mitchell,


Facebook said on Monday that it had not been invited to a White House summit on social media being held later this week. The White House has repeatedly declined to say who will attend the July 11 event. White House spokesman Judd Deere said last month the meeting would “bring together digital leaders for a robust conversation on the opportunities and challenges of today’s online environment.” Several conservatives on social media have said they are attending the summit, including Bill Mitchell,
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Company: cnbc, Activity: cnbc, Date: 2019-07-09
Keywords: news, cnbc, companies, house, spokesman, facebook, media, white, summit, invited, company, twitter, trump, social


Facebook is not invited to White House social media summit: Company

Facebook said on Monday that it had not been invited to a White House summit on social media being held later this week.

The White House has repeatedly declined to say who will attend the July 11 event. White House spokesman Judd Deere said last month the meeting would “bring together digital leaders for a robust conversation on the opportunities and challenges of today’s online environment.” He said on Monday that President Donald Trump will speak at the event.

Several conservatives on social media have said they are attending the summit, including Bill Mitchell, a Trump supporter who hosts an online show. At least two social media users posted photos of an invitation to the summit that said it will take place at 3 p.m. EDT (1900 GMT) on Thursday.

U.S. politicians, led by Trump, have increasingly used social media to try to woo voters directly. Trump has said on many occasions that he would not have been elected without Twitter and Facebook.

But Republican Trump has regularly attacked Facebook and Twitter as being “biased” in favor of Democrats, without offering evidence. He suggested in a Fox Business Network interview last month that Twitter made it “very hard for people to join me at Twitter… and they make it very much harder for me to get out the message.”

In March, Trump tweeted that “Facebook, Google and Twitter, not to mention the Corrupt Media, are sooo on the side of the Radical Left Democrats. But fear not, we will win anyway, just like we did before!”

All three companies have denied political bias.

When asked if it had been invited to Thursday’s meeting, a spokesman for Facebook said in an emailed reply that it had not.

Twitter declined to say on Monday if it had been invited to the summit or would take part. Alphabet’s Google unit did not immediately respond to a request for comment on whether it had been invited.

In April, Trump met with Twitter Chief Executive Jack Dorsey and spent a significant time questioning him about why he had lost some Twitter followers, a person briefed on the matter told Reuters. With more than 61 million followers, Trump has one of the most-followed accounts on Twitter.


Company: cnbc, Activity: cnbc, Date: 2019-07-09
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Trump says US ‘will no longer deal with’ UK Ambassador after memos

President Donald Trump lashed out at U.K. Prime Minister Theresa May and U.K. “We will no longer deal with him,” Trump said in a tweet on Monday referring to Darroch. The White House, U.K. Embassy in the U.S., and U.K. Foreign Secretary did not immediately respond to requests for comment. In interviews with British tabloid The Sun in 2018 and 2019, which occurred close to his visits to the U.K., Trump said May had bungled negotiations with the EU. And it is very hard to play well when one side h


President Donald Trump lashed out at U.K. Prime Minister Theresa May and U.K. “We will no longer deal with him,” Trump said in a tweet on Monday referring to Darroch. The White House, U.K. Embassy in the U.S., and U.K. Foreign Secretary did not immediately respond to requests for comment. In interviews with British tabloid The Sun in 2018 and 2019, which occurred close to his visits to the U.K., Trump said May had bungled negotiations with the EU. And it is very hard to play well when one side h
Trump says US ‘will no longer deal with’ UK Ambassador after memos Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: marc rod, holly ellyatt
Keywords: news, cnbc, companies, white, minister, memos, deal, ambassador, uks, longer, darroch, uk, told, trump, comments, prime


Trump says US 'will no longer deal with' UK Ambassador after memos

President Donald Trump lashed out at U.K. Prime Minister Theresa May and U.K. Ambassador to the U.S. Kim Darroch on Monday in the wake of leaked internal memos in which Darroch called the Trump administration “inept” and “uniquely dysfunctional.”

British newspaper The Mail on Sunday published snippets of the memos from Darroch to the British Government that date from 2017 to the present, and include many comments critical of the Trump administration.

“We will no longer deal with him,” Trump said in a tweet on Monday referring to Darroch. “I do not know the Ambassador, but he is not well liked or thought of within the US.”

Trump added that May and her administration have created “a mess” by not following his advice on Brexit.

“We have made clear to the U.S. how unfortunate this leak is. The selective extracts leaked do not reflect the closeness of, and the esteem in which we hold, the relationship,” a spokesperson for Downing Street told CNBC. “At the same time we have also underlined the importance of Ambassadors being able to provide honest, unvarnished assessments of the politics in their country. Sir Kim Darroch continues to have the Prime Minister’s full support.”

The White House, U.K. Embassy in the U.S., and U.K. Foreign Secretary did not immediately respond to requests for comment. The State Department referred a request for comment to the White House.

Trump’s tweets follow comments to reporters on Sunday in which Trump also lambasted Darroch.

“The ambassador has not served the U.K. well, I can tell you that,” he said. “We’re not big fans of that man.”

The U.K.’s international trade minister Liam Fox defended Darroch on Monday and criticized the leaker, saying the breach could damage the U.S. and U.K’s “special relationship.”

Trump’s comments follow past swipes at Prime Minister May over Brexit.

In interviews with British tabloid The Sun in 2018 and 2019, which occurred close to his visits to the U.K., Trump said May had bungled negotiations with the EU.

“I think that the UK allowed the European Union to have all the cards. And it is very hard to play well when one side has all the advantage,” Trump told The Sun in May. “I had mentioned to Theresa that you have got to build up your ammunition.”

The president has also taken shots at Darroch in the past. Prior to taking office, Trump called for U.K. politician Nigel Farage, a leading voice for Brexit and an opponent of May, to become the U.K.’s ambassador to the U.S., replacing Darroch.

At the time, the U.K. government defended Darroch. Then-Foreign Secretary Boris Johnson said Darroch was “first rate” and there is “no vacancy for that position.”

Johnson is now widely expected to become the U.K.’s next prime minister. Trump praised him in his 2018 interview with The Sun, and floated him as a potential replacement for May.

“I have a lot of respect for Boris. He obviously likes me, and says very good things about me,” Trump said.

“The U.K. has a special and enduring relationship with the U.S. based on our long history and commitment to shared values and that will continue to be the case,” a spokesperson for Downing Street told CNBC.

—CNBC’s Mallika Mitra contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: marc rod, holly ellyatt
Keywords: news, cnbc, companies, white, minister, memos, deal, ambassador, uks, longer, darroch, uk, told, trump, comments, prime


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