Trade war: What happens when Trump meets Xi Jinping at Argentina G-20

Trade war is the number one risk to global outlook, S&P says 10:47 PM ET Sun, 18 Nov 2018 | 03:06Investors and world leaders alike will be glued to the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Argentina, hoping for clues to what’s next. “One gets the sense that he’s (Trump) going to be a bit tougher with China” compared with Mexico and Canada, said Paul Gruenwald, chief economist at S&P Global Ratings. The G-20 meeting of the world’s developed econ


Trade war is the number one risk to global outlook, S&P says 10:47 PM ET Sun, 18 Nov 2018 | 03:06Investors and world leaders alike will be glued to the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Argentina, hoping for clues to what’s next. “One gets the sense that he’s (Trump) going to be a bit tougher with China” compared with Mexico and Canada, said Paul Gruenwald, chief economist at S&P Global Ratings. The G-20 meeting of the world’s developed econ
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Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: yen nee lee, -hannah anderson, global market strategist, jp morgan asset management
Keywords: news, cnbc, companies, global, china, sp, countries, war, g20, trade, mexico, nov, xi, meets, president, happens, trump, argentina, meeting, jinping


Trade war: What happens when Trump meets Xi Jinping at Argentina G-20

Trade war is the number one risk to global outlook, S&P says 10:47 PM ET Sun, 18 Nov 2018 | 03:06

Investors and world leaders alike will be glued to the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Argentina, hoping for clues to what’s next.

“One gets the sense that he’s (Trump) going to be a bit tougher with China” compared with Mexico and Canada, said Paul Gruenwald, chief economist at S&P Global Ratings. The G-20 meeting of the world’s developed economies takes place in Buenos Aires from Nov. 30 to Dec. 1.

Trump criticized Mexico and Canada for months, claiming they took advantage of U.S. companies through trade, but the three countries reached a new trilateral deal at the end of September to replace the North American Free Trade Agreement.

The approach to China has been different. Trump has repeatedly attacked the country for stealing intellectual property, creating barriers to American companies that try to operate in China, and for the massive trade imbalance between the two countries.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: yen nee lee, -hannah anderson, global market strategist, jp morgan asset management
Keywords: news, cnbc, companies, global, china, sp, countries, war, g20, trade, mexico, nov, xi, meets, president, happens, trump, argentina, meeting, jinping


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Citi says clients are making business adjustments due to trade war

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products. Citi can’t name those companies and their specific plans, but said some of their clients are shifting part of their network to Southeast Asia. Nearly three-quarters of the firms polled expect global trade tensions to prolong, with discussions between the U.S. and China to last more than a year. Half the companies polled said their supply chains were already affected by the tariffs, whil


A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products. Citi can’t name those companies and their specific plans, but said some of their clients are shifting part of their network to Southeast Asia. Nearly three-quarters of the firms polled expect global trade tensions to prolong, with discussions between the U.S. and China to last more than a year. Half the companies polled said their supply chains were already affected by the tariffs, whil
Citi says clients are making business adjustments due to trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: yen nee lee
Keywords: news, cnbc, companies, plans, business, adjustments, network, tariffs, shifting, making, war, companies, citi, poll, polled, supply, tensions, clients, trade


Citi says clients are making business adjustments due to trade war

The poll, conducted in early November, found that more than half of those companies have plans to adjust their supply chains, which include shifting manufacturing sites or investing in new ones to circumvent additional tariffs that the U.S. and its trading partners — including China and the European Union — have imposed on each other.

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products.

Citi can’t name those companies and their specific plans, but said some of their clients are shifting part of their network to Southeast Asia. Nearly three-quarters of the firms polled expect global trade tensions to prolong, with discussions between the U.S. and China to last more than a year.

Half the companies polled said their supply chains were already affected by the tariffs, while the other half expect to see some impact next year.

“This client poll underlines how companies are already proactively adjusting to the realities of the trade tensions,” Rajesh Mehta, the bank’s head of treasury and trade solutions for Asia Pacific, said in a statement.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: yen nee lee
Keywords: news, cnbc, companies, plans, business, adjustments, network, tariffs, shifting, making, war, companies, citi, poll, polled, supply, tensions, clients, trade


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No quick win for China on trade despite Kudlow-Navarro dispute, experts say

Peter Navarro, U.S. President Donald Trump’s trade advisor and a hardliner on China, has been sidelined by the White House — but prospects of a trade deal between the world’s two largest economies remain bleak, experts told CNBC. The U.S. and China have engaged in a trade fight this year, with Trump repeatedly attacking China for intellectual property theft, barriers to U.S. companies operating in China, and a massive trade imbalance. The U.S. president is expected to meet Chinese President Xi J


Peter Navarro, U.S. President Donald Trump’s trade advisor and a hardliner on China, has been sidelined by the White House — but prospects of a trade deal between the world’s two largest economies remain bleak, experts told CNBC. The U.S. and China have engaged in a trade fight this year, with Trump repeatedly attacking China for intellectual property theft, barriers to U.S. companies operating in China, and a massive trade imbalance. The U.S. president is expected to meet Chinese President Xi J
No quick win for China on trade despite Kudlow-Navarro dispute, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: yen nee lee, chip somodevilla, getty images, -rajiv biswas, chief economist for asia pacific, ihs markit
Keywords: news, cnbc, companies, worlds, say, navarro, win, dispute, advisor, white, expected, despite, xi, kudlownavarro, house, china, president, experts, quick, trade


No quick win for China on trade despite Kudlow-Navarro dispute, experts say

Peter Navarro, U.S. President Donald Trump’s trade advisor and a hardliner on China, has been sidelined by the White House — but prospects of a trade deal between the world’s two largest economies remain bleak, experts told CNBC.

The U.S. and China have engaged in a trade fight this year, with Trump repeatedly attacking China for intellectual property theft, barriers to U.S. companies operating in China, and a massive trade imbalance. The U.S. president is expected to meet Chinese President Xi Jinping at the G-20 summit in Argentina this month to talk trade.

CNBC reported Wednesday that the White House has deliberately curtailed Navarro’s public profile in the wake of an apparent dispute between him and top economic advisor Larry Kudlow.

Neither Kudlow nor Navarro is expected to depart from the White House.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: yen nee lee, chip somodevilla, getty images, -rajiv biswas, chief economist for asia pacific, ihs markit
Keywords: news, cnbc, companies, worlds, say, navarro, win, dispute, advisor, white, expected, despite, xi, kudlownavarro, house, china, president, experts, quick, trade


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I’ll be ‘surprised’ if Trump is re-elected: Malaysian Prime Minister Mahathir

MalaysianPrime Minister Mahathir Mohamad said Monday that he would be surprised if U.S. President Donald Trump wins another White House term in 2020. He said he based that prediction on what he deemed a “poor showing” by the Republican Party in the midterm elections. “As you can see from the midterm elections, he has not done so well. I will be surprised if he’s re-elected after his poor showing in the midterm elections,” the 93-year-old leader said. Trump’s presence in the White House will dete


MalaysianPrime Minister Mahathir Mohamad said Monday that he would be surprised if U.S. President Donald Trump wins another White House term in 2020. He said he based that prediction on what he deemed a “poor showing” by the Republican Party in the midterm elections. “As you can see from the midterm elections, he has not done so well. I will be surprised if he’s re-elected after his poor showing in the midterm elections,” the 93-year-old leader said. Trump’s presence in the White House will dete
I’ll be ‘surprised’ if Trump is re-elected: Malaysian Prime Minister Mahathir Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, lai seng sin
Keywords: news, cnbc, companies, surprised, malaysian, house, republican, prime, mahathir, trade, fight, tariff, white, reelected, ill, midterm, minister, trump, elections


I'll be 'surprised' if Trump is re-elected: Malaysian Prime Minister Mahathir

MalaysianPrime Minister Mahathir Mohamad said Monday that he would be surprised if U.S. President Donald Trump wins another White House term in 2020.

He said he based that prediction on what he deemed a “poor showing” by the Republican Party in the midterm elections. On top of that, Mahathir told CNBC’s Sri Jegarajah, Trump’s leaving office would end any potential for the “very disruptive trade war” to continue in the years to come.

“As you can see from the midterm elections, he has not done so well. The chances of him getting a second term is a bit bleak at the moment … I will be surprised if he’s re-elected after his poor showing in the midterm elections,” the 93-year-old leader said.

The November elections were widely seen as a referendum for Trump and his policies. The Republican Party — which controlled both the Senate and the House before the election — lost the House majority to the Democrats.

“If Trump is not there, the other members of the U.S. government, whether they are Republican or Democrat, they will not continue with this very disruptive trade war,” Mahathir added, referring to the tit-for-tat tariff fight between the U.S. and China.

Trump’s presence in the White House will determine how far the ongoing tariff fight will go, the Malaysian leader said. He added he’s not sure the expected G-20 meeting between Trump and Chinese President Xi Jinping would yield any compromise or breakthrough in the trade tensions between the world’s two largest economies.

Malaysia is a trade-dependent economy, with exports of goods and services accounting for more than 70 percent of its gross domestic product, according to data by the World Bank. Economists have pointed out that the country would be vulnerable if the tariff fight escalated and then reduced global trade.

“With Trump, you can’t predict anything, we don’t know how he will react,” said Mahathir.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, lai seng sin
Keywords: news, cnbc, companies, surprised, malaysian, house, republican, prime, mahathir, trade, fight, tariff, white, reelected, ill, midterm, minister, trump, elections


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‘OPEC is not effective,’ says Malaysia’s prime minister

The Malaysian leader was asked whether the group should take further action to stabilize oil prices. “What is more important is the production of shale oil from America,” he added. Consequently, analysts at Fitch recently said a decline in oil prices will undermine the country’s effort to cut its debt given its dependence oil revenue. You see, we’re a small producer of oil, 600 barrels a day — nothing compared to countries like Saudi, which is entirely dependent upon oil revenue,” said the prime


The Malaysian leader was asked whether the group should take further action to stabilize oil prices. “What is more important is the production of shale oil from America,” he added. Consequently, analysts at Fitch recently said a decline in oil prices will undermine the country’s effort to cut its debt given its dependence oil revenue. You see, we’re a small producer of oil, 600 barrels a day — nothing compared to countries like Saudi, which is entirely dependent upon oil revenue,” said the prime
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Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, justin solomon
Keywords: news, cnbc, companies, rating, opec, malaysia, prime, oil, mahathir, production, malaysias, revenue, prices, shale, effective, minister, fitch, dependent


'OPEC is not effective,' says Malaysia's prime minister

The Organization of the Petroleum Exporting Countries hasn’t been effective in stabilizing oil prices, which have been more dependent on U.S. shale production than the actions of the intergovernmental group, said MalaysianPrime Minister Mahathir Mohamad.

“OPEC is not effective. They are always at loggerheads with each other so they cannot make decision,” Mahathir told CNBC’s Sri Jegarajah in a Monday interview. The Malaysian leader was asked whether the group should take further action to stabilize oil prices.

“What is more important is the production of shale oil from America,” he added.

Those comments by the Malaysian leader came less than a month before OPEC and non-OPEC members are scheduled to meet in Vienna, Austria to vote on their next policy decision. Those major oil producers began cutting production in January 2017 to drain a global crude glut that sent oil prices from over $100 per barrel to under $30.

Oil prices did recover, but trade tensions between the U.S. and China, rising interest rates and currency weakness in emerging markets have raised concerns about a slowdown in global economic growth and oil demand.

Malaysia is an oil producing country. Consequently, analysts at Fitch recently said a decline in oil prices will undermine the country’s effort to cut its debt given its dependence oil revenue. But Mahathir said Malaysia’s economy is more diversified than what’s commonly thought.

“We’re not dependent on oil revenue. You see, we’re a small producer of oil, 600 barrels a day — nothing compared to countries like Saudi, which is entirely dependent upon oil revenue,” said the prime minister.

“We have other sources of revenue: We produce a lot of palm oil, which used to fetch quite good prices. We also have 82 percent of our exports made up of manufactured goods, so how can you say we’re dependent upon oil revenue? It’s not,” he added.

The comments by Fitch analysts were made after Malaysia said earlier this month it plans to cut its fiscal shortfall to 3.4 percent of gross domestic product in 2019 — down from the projected 3.7 percent this year. Fitch said the country is “at the mercy of the markets” given its oil businesses, and because of that, the agency is “cautious” that Malaysia would achieve its goal in cutting the budget deficit.

Despite that, economists said Malaysia doesn’t face threats of a sovereign rating downgrade in the near term.

“We don’t think the situation today is that worse and entails a rating downgrade, although signals of worsening public finances have had rating agencies sounding alarms days ahead of the budget,” Prakash Sakpal, Asia economist at ING, wrote in a report last week.

— CNBC’s Tom DiChristopher contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, justin solomon
Keywords: news, cnbc, companies, rating, opec, malaysia, prime, oil, mahathir, production, malaysias, revenue, prices, shale, effective, minister, fitch, dependent


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Malaysia Prime Minister Mahathir Mohamad on Najib Razak’s 1MDB charges

Those charged with stealing money from sovereign wealth fund 1Malaysia Development Berhad will get a fair trial, including former leader Najib Razak, MalaysianPrime Minister Mahathir Mohamad said Monday. Whatever the law says, we accept,” Mahathir told CNBC’s Sri Jegarajah in response to a question about whether Najib can be guaranteed a fair trial. But we want a free judiciary and we hope that they will not be biased,” said the prime minister. Najib has been charged with money laundering offens


Those charged with stealing money from sovereign wealth fund 1Malaysia Development Berhad will get a fair trial, including former leader Najib Razak, MalaysianPrime Minister Mahathir Mohamad said Monday. Whatever the law says, we accept,” Mahathir told CNBC’s Sri Jegarajah in response to a question about whether Najib can be guaranteed a fair trial. But we want a free judiciary and we hope that they will not be biased,” said the prime minister. Najib has been charged with money laundering offens
Malaysia Prime Minister Mahathir Mohamad on Najib Razak’s 1MDB charges Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, getty images
Keywords: news, cnbc, companies, minister, najib, razaks, mahathir, judiciary, malaysia, law, wealth, charges, mohamad, fair, charged, prime, money, scandal, triali, 1mdb


Malaysia Prime Minister Mahathir Mohamad on Najib Razak's 1MDB charges

Those charged with stealing money from sovereign wealth fund 1Malaysia Development Berhad will get a fair trial, including former leader Najib Razak, MalaysianPrime Minister Mahathir Mohamad said Monday.

“We believe in the rule of law. Whatever the law says, we accept,” Mahathir told CNBC’s Sri Jegarajah in response to a question about whether Najib can be guaranteed a fair trial.

“I must admit that, in the previous regime, there is an attempt to fiddle with the judiciary. But we want a free judiciary and we hope that they will not be biased,” said the prime minister.

Najib has been charged with money laundering offenses in relation to the disappearance of billions of dollars from 1MDB. The person said to be at the center of the scandal, Malaysian financier Low Taek Jho, has not been located.

The scandal involved money being illegally transferred across shell companies and individual bank accounts in many countries. The U.S. Department of Justice previously alleged that Najib received $681 million from proceeds misappropriated from a bond issue arranged by Goldman Sachs in 2013.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, getty images
Keywords: news, cnbc, companies, minister, najib, razaks, mahathir, judiciary, malaysia, law, wealth, charges, mohamad, fair, charged, prime, money, scandal, triali, 1mdb


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Amazon picks New York City and Northern Virginia for additional headquarters: WSJ

Retail giant Amazon has selected New York City and Northern Virginia as its second and third headquarters, The Wall Street Journal reported Monday night. The announcement is expected as soon as Tuesday, the Journal reported, citing people familiar with the matter. According to Reuters, Amazon will also be announcing a significant investment in one additional city. Amazon, which is based in Seattle, started looking for a second headquarters in September 2017 to house an additional 50,000 employee


Retail giant Amazon has selected New York City and Northern Virginia as its second and third headquarters, The Wall Street Journal reported Monday night. The announcement is expected as soon as Tuesday, the Journal reported, citing people familiar with the matter. According to Reuters, Amazon will also be announcing a significant investment in one additional city. Amazon, which is based in Seattle, started looking for a second headquarters in September 2017 to house an additional 50,000 employee
Amazon picks New York City and Northern Virginia for additional headquarters: WSJ Cached Page below :
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Keywords: news, cnbc, companies, city, second, headquarters, virginia, journal, picks, reported, wsj, street, wall, york, amazon, additional, northern


Amazon picks New York City and Northern Virginia for additional headquarters: WSJ

Retail giant Amazon has selected New York City and Northern Virginia as its second and third headquarters, The Wall Street Journal reported Monday night.

The announcement is expected as soon as Tuesday, the Journal reported, citing people familiar with the matter.

The report said Amazon is dividing the headquarters evenly between New York’s Long Island City neighborhood in the borough of Queens, and the Crystal City section of Arlington County, across the Potomac from Washington.

According to Reuters, Amazon will also be announcing a significant investment in one additional city. Other locations in addition to the two winning cities may also receive “major sites,” the Journal reported.

Amazon said it did not have any comment when contacted by CNBC about the Journal report.

The New York Times reported this month that Long Island City was going to receive $180 million in new spending to boost infrastructure in preparation for the Amazon headquarters.

Amazon, which is based in Seattle, started looking for a second headquarters in September 2017 to house an additional 50,000 employees. The contest was narrowed to 20 finalist cities in January but recent reports emerged that the retailer would split the second headquarters between two locations.

Read The Wall Street Journal for the full story on Amazon’s picks for its additional headquarters.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, alex wong, getty images
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Lion Air crash: Boeing withheld information on 737 MAX planes, WSJ says

Boeing failed to warn the airline industry about a potentially dangerous feature in its a new flight-control system that is suspected of playing a role in the fatal Lion Air crash in Indonesia last month, The Wall Street Journal reported late on Monday. That aircraft feature is the automated stall-prevention system found on Boeing 737 MAX 8 and MAX 9 models, the Journal reported, citing industry sources including safety experts, aviation regulators and airline pilots. Boeing revealed the possibl


Boeing failed to warn the airline industry about a potentially dangerous feature in its a new flight-control system that is suspected of playing a role in the fatal Lion Air crash in Indonesia last month, The Wall Street Journal reported late on Monday. That aircraft feature is the automated stall-prevention system found on Boeing 737 MAX 8 and MAX 9 models, the Journal reported, citing industry sources including safety experts, aviation regulators and airline pilots. Boeing revealed the possibl
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Lion Air crash: Boeing withheld information on 737 MAX planes, WSJ says

Boeing failed to warn the airline industry about a potentially dangerous feature in its a new flight-control system that is suspected of playing a role in the fatal Lion Air crash in Indonesia last month, The Wall Street Journal reported late on Monday.

That aircraft feature is the automated stall-prevention system found on Boeing 737 MAX 8 and MAX 9 models, the Journal reported, citing industry sources including safety experts, aviation regulators and airline pilots.

Boeing didn’t immediately reply to CNBC’s request for comment. The company told the Journal that it is “taking every measure to fully understand all aspects of this incident, working closely with the investigating team and all regulatory authorities involved.”

The system in question is designed to help pilots avoid raising a plane’s nose too high, which can cause it to stall, according to the report. The potential fault in the system is that it can push the plane’s nose down “unexpectedly and so strongly” that pilots can’t pull it back up even when flying manually, the report said. It added that when that happens, the plane could dive or crash.

Boeing revealed the possible fault in a bulletin to airlines about a week after the Lion Air crash, the report indicated.

Lion Air’s new Boeing 737 MAX 8 crashed into the Java Sea last month shortly after taking off from Jakarta’s Soekarno-Hatta airport. The plane was carrying 189 people, including crew.

For the full report on Boeing’s flight control feature, read The Wall Street Journal.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, craig p larsen
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Mark Mobius says it’s time to buy stocks in emerging markets

Stocks in emerging markets are looking “very cheap” now, and that’s a buying opportunity, prominent investor Mark Mobius told CNBC on Monday. As a result, the MSCI Emerging Markets Index — which tracks large and mid-cap stocks in 24 countries — has fallen by around 16 percent this year. But Mobius said the sell-down has opened investment opportunities in emerging markets. “At the end of the day, emerging markets equities look very cheap now. That’s because the U.S. dollar has started to stabiliz


Stocks in emerging markets are looking “very cheap” now, and that’s a buying opportunity, prominent investor Mark Mobius told CNBC on Monday. As a result, the MSCI Emerging Markets Index — which tracks large and mid-cap stocks in 24 countries — has fallen by around 16 percent this year. But Mobius said the sell-down has opened investment opportunities in emerging markets. “At the end of the day, emerging markets equities look very cheap now. That’s because the U.S. dollar has started to stabiliz
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Mark Mobius says it's time to buy stocks in emerging markets

Stocks in emerging markets are looking “very cheap” now, and that’s a buying opportunity, prominent investor Mark Mobius told CNBC on Monday.

Investors sold their holdings in emerging markets in a big way in recent months as they feared financial problems in countries such as Turkey and Argentina could spill over to other economies. Adding to concerns were the strengthening U.S. dollar and rising oil prices, which hurt emerging economies with large amounts of foreign debt and those that are net energy importers.

As a result, the MSCI Emerging Markets Index — which tracks large and mid-cap stocks in 24 countries — has fallen by around 16 percent this year.

But Mobius said the sell-down has opened investment opportunities in emerging markets. “At the end of the day, emerging markets equities look very cheap now. It’s time to get in,” the co-founder of Mobius Capital Partners told CNBC’s “Street Signs.”

Some countries are already seeing a recovery in their currencies and stock prices, the investor noted. That’s because the U.S. dollar has started to stabilize, which lessens the burden on emerging markets to service their debt denominated in the greenback, he said.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: yen nee lee
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Trump says pipe bomb suspect ‘was insane a long time before’

U.S. President Donald Trump said the man suspected of sending explosive devices to CNN and several prominent Democrats “was insane a long time before.” The suspect, Cesar Sayoc, has publicly supported Trump. “He was insane a long time before. You look at his medical records, he was insane for a long time,” Trump said in a Fox News interview released Monday, apparently seeking to distance his political movement from Sayoc. More than a dozen explosive devices were intercepted by postal services an


U.S. President Donald Trump said the man suspected of sending explosive devices to CNN and several prominent Democrats “was insane a long time before.” The suspect, Cesar Sayoc, has publicly supported Trump. “He was insane a long time before. You look at his medical records, he was insane for a long time,” Trump said in a Fox News interview released Monday, apparently seeking to distance his political movement from Sayoc. More than a dozen explosive devices were intercepted by postal services an
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Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: yen nee lee, kevin lamarque
Keywords: news, cnbc, companies, suspect, synagogue, long, president, devices, weapons, bomb, month, bombs, insane, trump, explosive, pipe


Trump says pipe bomb suspect 'was insane a long time before'

U.S. President Donald Trump said the man suspected of sending explosive devices to CNN and several prominent Democrats “was insane a long time before.”

The suspect, Cesar Sayoc, has publicly supported Trump. He was arrested in connection to a series of mail bombs addressed to former President Barack Obama, former Secretary of State Hillary Clinton, and others.

“He was insane a long time before. You look at his medical records, he was insane for a long time,” Trump said in a Fox News interview released Monday, apparently seeking to distance his political movement from Sayoc.

More than a dozen explosive devices were intercepted by postal services and law enforcement officials earlier this month. The discovered bombs came in the same month that a gunman carrying multiple weapons entered a Pittsburgh synagogue and opened fire, killing 11 people and injuring six others.

The president previously claimed, following both the explosive device discoveries and the shooting, that “Fake News” has caused “great anger” in the country.

— CNBC’s Kevin Breuninger contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: yen nee lee, kevin lamarque
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