(Bloomberg) -- Oil held its biggest loss in two weeks as President Donald Trump’s threat of new tariffs on Chinese imports rekindled fears about global demand, while the U.S. signaled a possible easing of tensions with Iran.Futures edged higher in New York after tumbling 3.3% on Tuesday, adding to Monday’s 1.1% decline. Trump reiterated that he could impose additional duties on Beijing if he wants after agreeing to a trade-war truce with his counterpart Xi Jinping last month. U.S. Secretary of State Mike Pompeo said Iran indicated it would be open to talks if some conditions were met.Oil has rallied since mid-June as tensions with Iran ratcheted up amid tanker attacks and seizures, prompting concerns crude flows from the Middle East may be disrupted. Still, the prospect of a further deterioration in the U.S.-China trade war is again denting the outlook for global demand, while American Gulf of Mexico crude production is being restored after storm Barry.“The outlook for supply and demand is weak on the back of U.S.-China trade tensions,” said Tomomichi Akuta, a senior economist at Mitsubishi UFJ Research and Consulting Co. in Tokyo. “With no signs of concrete progress in trade talks, Trump’s remarks added to negative sentiment in the markets.”West Texas Intermediate for August delivery rose 15 cents, or 0.3%, to $57.77 on the New York Mercantile Exchange as of 7:25 a.m. in London. The contract lost $1.96 to $57.62 on Tuesday, the biggest drop since July 2.Brent for September settlement gained 30 cents, or 0.5%, to $64.65 a barrel on the ICE Futures Europe Exchange. The contract fell 3.2% on Tuesday. The global benchmark crude traded at a premium of $6.75 to WTI for the same month.See also: U.S. Oil Gives Korea Top Buyer a Pivot as Middle East Risk SoarsStocks fell in Asia after Trump made the tariff remarks at a cabinet meeting Tuesday. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer expect to have another call this week with top trade negotiators in China, and the two may travel to Beijing for meetings if the discussions by phone are productive, Mnuchin said Monday.Iran’s Foreign Minister Mohammad Javad Zarif said in an interview with NBC News the “door is wide open” to negotiations if President Trump lifts sanctions he imposed on Iran’s economy in 2017. Zarif has previously said Iran wouldn’t negotiate with the U.S. under the threat of sanctions.\--With assistance from James Thornhill.To contact the reporter on this story: Tsuyoshi Inajima in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Serene Cheong at email@example.com, Ben Sharples, Andrew JanesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Why does Trump hate the things that make our country great? And how do the rest of us get beyond this hatred and ignorance?
U.S. equity futures edged higher, potentially lifting Wall Street to fresh record peaks again Wednesday, as investors await the first of six major tech sector earnings reports later today that could make-or-break the recent stock market rally.
The Donald Trump administration is proposing a nearly five-fold increase in merit-based legal immigration and half those based on family and humanitarian system, in an effort to overhaul the outdated system. Senior presidential adviser Jared Kushner, who is also the son-in-law of United States President Donald Trump, said having an immigration policy that would attract talented and meritorious people from across the world would create over USD 500 billion in tax revenues over 10 years. "It brings in a lot of people that are paying into the social safety nets. Not people who are coming in and then immediately taking from the social safety nets, which right now have to support Americans who are currently citizens," Kushner told the cabinet during a meeting at the White House.
Unmasking America's racism In 2008, with the election of America's first African-American President, it became the fashion to refer to our nation as entering its “post-racial” phase. Truly, one cannot underestimate the importance of Barack Obama's election. Not all that long ago, I would have imagined it as likely that we would have a black President as that we would have gay marriage. So much for my prognosticating. Nevertheless, the entire world took notice when Obama was elected. It was less than fifty years after segregation was the law in much of the country. The memory of the civil rights struggles of the 1950s and 1960s still burned in the mind of many. And just forty years before had
TALLAHASSEE, Fla. (AP) — Still reeling from a string of high-profile razor-thin election losses in Florida, national Democrats are asking a federal judge to discard a longstanding state law that reserves the top slot of next year's presidential ballot for the party of the state's governor. Assuming he survives any primary challenges, top billing would go to President Donald Trump — who, like Florida Gov. Ron DeSantis, is a Republican. In hearings that began Monday in U.S. District Court in Tallahassee, Democrats contend that a 1951 law would give Trump unfair advantage in a state with a history of close races, including Trump's victory in 2016 and last year's races for governor and U.S. Senate.
WASHINGTON (AP) � John Paul Stevens moved left as the Supreme Court shifted to the right during his nearly 35 years as a justice. That's how the bow-tie wearing Republican from the Midwest emerged as the leader of the high court's liberal wing and a strong proponent of abortion rights, consumer protection and limits on the death penalty. Stevens, who died Tuesday at age 99 in Fort Lauderdale, Florida, served longer than all but two justices and was the second-oldest after Oliver Wendell Holmes in the court's nearly 230 years. He stepped down from the bench at age 90, but remained active in public life.NUEVO LAREDO, Mexico (AP) � Asylum-seekers gathered in Nuevo Laredo, across the border from
G7 finance ministers will have the growing powers of big digital firms in their sights when they meet on Wednesday outside Paris despite divisions about how best to tax them. France wants to use its presidency of the two-day meeting in the picturesque chateau town of Chantilly north of Paris to get broad support for ensuring minimum corporate taxation. G7 governments are concerned that decades-old international tax rules have been pushed to the limit by the emergence of Facebook and Apple, which book profits in low-tax countries regardless of the source of the underlying income.
Editor's Note: Josh Campbell is a CNN law enforcement analyst. He previously served as a Supervisory Special Agent with the FBI conducting counterterrorism investigations. Follow him on Twitter at @joshscampbell. The views expressed in this commentary are his own. View more opinion articles at CNN. (CNN) - "WikiLeaks, I love WikiLeaks," Donald Trump famously exclaimed during his 2016 presidential campaign, as the elusive international group publicized emails stolen from the Democratic National Committee and Hillary Clinton in an effort to hurt Clinton. After the group's founder, Julian Assange, was arrested by British authorities in April, reportedly at the request of the US government, Trump
US has offered close to 378m acres of public lands and waters for oil and gas leasing since Trump took office through April 2019 Donald Trump's leases of public lands and waters for oil and gas drilling could lead to the production of more climate-warming pollution than the entire European Union contributes in a year, according to a new report. The Wilderness Society estimates heat-trapping emissions from extracting and burning those fossil fuels could range between 854m and 4.7bn metric tons of carbon dioxide equivalent, depending on how much development companies pursue. The 28 nations in the European Union produced about 4bn metric tons of CO2 equivalent in 2014, the last year reported. “These
Philadelphia Mayor Jim Kenney, echoing President Trump's weekend tweets aimed at four Democratic congresswomen, said Tuesday that the president would “have to go to hell” if he ever went back where he came from. Kenney made the comment while speaking at an event to help illegal immigrants facing deportation, according to KYW-TV. Kenney reportedly veered off script, saying he had a vision that one day Trump, Vice President Mike Pence, and former Acting ICE Director Tom Homan will be standing “outside of heaven” in a “cyclone-fenced dungeon” for eternity because “what they're doing now is so anti-human, antithetical, anti-American, anti-decent, it's all terrible what they're doing.” He went on:
Trump aide Conway asks reporter, 'What's your ethnicity?' White House adviser Kellyanne Conway says she meant no disrespect in asking a reporter to reveal his ethnicity. Her question came during an informal press gathering Tuesday when reporter Andrew Feinberg asked her about President Donald Trump's tweets regarding freshmen Democratic congresswomen Alexandria Ocasio-Cortez, Rashida Tlaib, Ayanna Pressley and Ilhan Omar. Feinberg wondered what countries Trump was referring to when he suggested the American politicians should return to their countries of origin. Conway replied, "What's your ethnicity?" After a brief pause, Feinberg asked why that was relevant to his question. Conway, who said
Investing.com - Oil prices were near flat on Wednesday in Asia after slumping more than 3% overnight following news that U.S. President Donald Trump and his administration were considering talks with Iran.
TIJUANA, Mexico (AP) — Hundreds of immigrants showed up at border crossings Tuesday in hopes of getting into the U.S. but faced the likelihood of being turned away under a new Trump administration asylum rule that upends long-standing protections for people fleeing violence and oppression in their homelands. The policy went into effect Tuesday but drew a swift lawsuit from the American Civil Liberties Union and other groups. “This is the Trump administration's most extreme run at an asylum ban yet,” ACLU attorney Lee Gelernt said. “It clearly violates domestic and international law and cannot stand.” The policy represents the most forceful attempt to date by President Donald Trump to slash the
WASHINGTON (AP) — Colorado Sen. Cory Gardner had reeled in a big political fish. A major government agency, the Bureau of Land Management, was moving to his state and marking a victory years in the making for one of the Senate's most vulnerable Republicans. But Gardner's moment of triumph rolled out Monday in the shadow of President Donald Trump's racist tweets calling for four congresswomen of color to “go back” to where they came from. Republicans, perhaps Gardner most of all, struggled to respond. A conservative radio show host wanted to know: Had Gardner heard about Trump's tweets? “We have been working on the BLM move, and that's basically everything we've been trying to get done,” Gardner