Strategists See Resilience in Asia FX, Stocks After Fed
Asian stocks and emerging-markets currencies should be resilient while short-end bond yields are likely to move higher. Those
2023-06-15 07:56
Trump indictment — live: Trump 2024 rakes in $2m from Bedminster speech after federal charges arraignment
Donald Trump is marking his 77th birthday on Wednesday as the first current or former president arrested on federal criminal charges in American history. On Tuesday, Mr Trump pleaded not guilty at his arraignment in a Miami federal courthouse on 37 charges over his handling of classified national security documents after leaving the White House. Miami officials had braced for protests outside the courthouse but much of the Maga army of supporters failed to show up as expected. One anti-Trump protester jumped in front of the former president’s motorcade. Mr Trump then flew back to his golf club in Bedminster, New Jersey, where he gave a speech launching into his usual unsubstantiated narrative that he is the victim of political persecution. His 2024 campaign raked in $2.1m from the event and another $4.5m in small online donations. The speech was widely lambasted by critics for its litany of falsehoods while also offering a possible preview of his roughshod defence to the charges against him. Meanwhile, former vice president Mike Pence told CNBC that having reviewed the indictment, he “cannot defend what is alleged” by prosecutors, as more former Trump allies appear to change their tune. Read More Desperate deflections, revenge plans – and a supplicant Fox News: What we learned from Trump speech Defiant Trump accuses ‘corrupt’ Biden of undermining democracy with ‘evil and heinous’ federal charges Trump addresses reason he refused to give back boxes saying they contained ‘shoes and shirts and everything’ Tucker Carlson blasts ‘filthy and decadent’ Trump aides who exploited his need for flattery
2023-06-15 05:57
Trump's GOP rivals grapple with their response as his legal woes dominate the presidential contest
Just last week, former Vice President Mike Pence said he hoped federal prosecutors would not bring charges against former President Donald Trump. On Wednesday, a day after Trump was arraigned on dozens of felony counts related to classified documents, Pence described the allegations as “a very serious matter." “I cannot defend what is alleged,” Pence, who is now challenging Trump for the Republican presidential nomination, said on CNBC. The former vice president's evolving message highlights the high-stakes dilemma for Trump's Republican rivals, who are struggling to find a clear and consistent strategy to take on the frontrunner as Trump’s unprecedented legal troubles threaten to dominate all other issues in the 2024 presidential contest. Some Republican leaders this week have demonstrated a newfound willingness to criticize Trump over the seriousness of the allegations, which include mishandling government secrets that as commander in chief he was entrusted to protect. Florida Gov. Ron DeSantis, a former naval officer and Trump's top rival for the nomination, said that “if I would have taken classified (documents) to my apartment, I would have been court-martialed in a New York minute.” But that was just a brief mention in a weekend speech at a North Carolina GOP gathering, during which he focused his censure on the Justice Department and the Biden administration. It's been much the same for other challengers. Even the most aggressive have layered their criticism of Trump with attacks against the Justice Department — for bringing charges against him — that make it difficult at times to determine exactly where they stand on the former president. And that’s precisely the point, given Trump’s continued popularity among GOP voters and his rivals' desire to dent his lead without alienating his base. Indeed, most of Trump's competitors are making a risky bet — for now — that the weight of his extraordinary baggage will eventually sink his reelection bid. They believe it will take time. Trump's Republican opponents privately concede that the former president’s considerable political strength is likely to grow stronger, at least in the short term, as GOP voters, key officials and conservative media leaders rally around him. For example, Pastor Robert Jeffress, of the First Baptist megachurch in Dallas, initially declined to endorse Trump's 2024 bid but declared Tuesday night that the GOP's presidential primary was all but over. “I thought there would be almost a civil war in the Republican Party for the nomination, but that quickly turned into an unconditional surrender,” said Jeffress, who mingled at Trump's post-indictment gathering at Bedminster, New Jersey. "People absolutely love this president, and I believe his base is going to turn out.” The Republican establishment has tried and failed to reject Trump and his divisive politics for much of the last decade. But this time the GOP faces the very real possibility that a man who has been indicted twice and charged with dozens of felonies could become the party’s standard-bearer in 2024. Fighting that outcome, which once seemed all but inevitable, a powerful conservative voice is being raised in the fight for the first time. The Koch network’s political arm, Americans for Prosperity, has begun running online ads across Iowa, New Hampshire and South Carolina — the first three states on the GOP’s presidential primary calendar — focusing on questions about Trump’s electability in next fall’s general election against Biden. The new ads make no mention of his legal troubles. “Trump did a lot of good things as president," one of the ads says. “But this time, he can’t win.” Americans for Prosperity CEO Emily Seidel said her organization has talked to thousands of voters in key states to determine the most effective arguments to undermine Trump’s political strength. “Based on the data we’re collecting, more than two-thirds of people who say they’re supporting Trump are also receptive to arguments that he is a weak candidate, his focus on 2020 is a liability, and his lack of appeal with independent voters is a problem,” Seidel said. "That tells us that many Republicans are ready to move on — they just need to see another candidate step up and show they can lead and win.” So far, Trump's rivals are still trying to find their footing as the former president commands a big lead in early Republican primary polls. And as they test evolving messages on the campaign trail and in media appearances, none of top-tier competitors are running paid advertisements seizing on Trump's legal troubles. Republican presidential contender Nikki Haley, the former ambassador to the United Nations in the Trump administration, told Fox News on Monday that Trump was incredibly “reckless with our national security” if the allegations in the indictment are true. On Tuesday, she repeated the pointed criticism, but also said she’d be inclined to pardon Trump if he’s convicted. “I think it would be terrible for the country to have a former president in prison for years because of a documents case,” Haley said on the Clay Travis and Buck Sexton radio show. Others have made defending Trump a central message in their early campaigns. Speaking outside the Miami courthouse on Tuesday, White House hopeful Vivek Ramaswamy announced that his campaign had sent a letter to other 2024 candidates challenging them to join his pledge to pardon Trump on their first day in office. “I respectfully request that you join me in this commitment or else publicly explain why you will not," it read. Trump, meanwhile, is trying to take advantage of the media storm. After his appearance in federal court in Miami, he made a stop at the city's famed Versailles Restaurant in Little Havana, with news cameras in tow. He then headed home to his Bedminster summer residence, where aides had assembled hundreds of supporters, club members and reporters for a post-arraignment speech. Trump was welcomed like a general returning home from battle. Insisting he was innocent of all charges, the former president vowed that, as president, he would appoint a special prosecutor to investigate Biden and his family. As for the indictment and charges? “This is called election interference and yet another attempt to rig and steal a presidential election,” Trump said. As they reckon with the fact that Trump faces years behind bars, as well as the logistical complications of balancing court appearances with campaign rallies, Trump's political advisers have stressed what they see as the political benefits. They believe the wall-to-wall coverage of his legal woes makes it difficult for his competitors to be heard, a point that other campaigns acknowledged privately. “From a campaign standpoint, I mean, what did the other candidates do today? Do we know?” asked Trump campaign spokesperson Steven Cheung. “There’s no oxygen for the other candidates." Those other candidates are eager to highlight cracks in Trump's support, although for now, they appear to be modest. On Capitol Hill, a small but growing Republican minority of lawmakers have recently described the new federal charges against Trump as serious. “I would not feel comfortable with a convicted felon in the White House,” Rep. Ken Buck, R-Colo., told CNN. He pointed to Trump’s attacks against Hillary Clinton, who was accused of mishandling classified documents in her emails in 2016. “His words have set the standard.” Veteran Republican strategist Ari Fleischer warned that it would take time to understand the political impact of Trump's growing legal challenges. “A short-term rally around Trump now is not the true measure," Fleischer said. “The only test is a long-term test.” ___ Peoples reported from New York. Associated Press writer Ali Swenson in New York contributed to this report. Read More Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement Sarah Huckabee Sanders travels to Europe for 1st overseas trade mission as Arkansas governor Trump’s GOP rivals grapple with their response a Court hears arguments over records related to Biden gift of Senate papers to University of Delaware
2023-06-15 05:25
US Marine among two men arrested for firebombing California Planned Parenthood
An active duty US Marine was one of two men arrested in connection to the firebombing of a Planned Parenthood in Orange County, California, according to the Department of Justice. Tibet Ergul, 21, of Irvine and Chance Brannon, 23, of San Juan Capistrano — who is currently a Marine stationed at Camp Pendleton — were arrested Wednesday morning, according to the DOJ. Both men have been accused of using an explosive or fire to damage property affecting interstate commerce. The alleged attack occurred on 13 March, 2022, when a molotov cocktail was thrown at the clinic's entrance. The Planned Parenthood Costa Mesa location was forced to close temporarily and cancel 30 appointment as a result. US Attorney Martin Estrada called the attack "entirely unacceptable." “My office takes very seriously this brazen attack that targeted a facility that provides critical health care services to thousands of people in Orange County,” he said in a statement. “While it is fortunate that no one was physically harmed and responders were able to prevent the clinic from being destroyed, the defendants’ violent actions are entirely unacceptable.” Security footage allegedly shows two men wearing hoodies and face masks approaching the clinic around 1am on the day of the fire. The video reportedly shows them lighting a device and throwing it at the front door of the building. “The device landed against a southern wall next to the glass door and erupted into a fire, which spread up the wall and across the ceiling above the glass door,” the affidavit describing the video said. The facility caught fire, but Costa Mesa fire fighters were able to extinguish the flames. A later analysis of the evidence collected at the scene revealed that a glass device filled with gasoline was used to help spread the fire. The men face a maximum of 20 years in federal prison if convicted. The FBI previously offered a $25,000 reward for information leading to the identification, arrest and conviction of the men who threw the device. Planned Parenthood locations, which provide abortions as well as a host of other healthcare services for women, are frequent targets of extremist violence. Nine other cases of arson or vandalism against Planned Parenthood facilities were reported in Oregon, Washington, New York, Colorado, Tennessee, Wisconsin, and North Carolina, primarily between May and July of 2022. Nichole Ramirez, the vice president of communications and donor relations for Planned Parenthood of Orange and San Bernardino counties, called the attacks unacceptable, according to the LA Times. “The safety of our staff, patients and supporters is our highest priority, and we are working in collaboration with the FBI and local law enforcement to prosecute this attack to the fullest extent of the law,” she said in a statement to the paper. “[We] will continue to provide expert, compassionate care for the community as we have done for over 50 years.” Read More ACLU sues Nebraska over combined law targeting abortion and gender-affirming care: ‘Egregious overreach’ Outrage as mother-of-three jailed for taking abortion pills after legal cut off No plans for abortion law reforms following backlash over jailed mother
2023-06-15 04:29
Trump fans harass British reporter who asked him if he’s ‘ready for jail’ at Versailles restaurant
Donald Trump fans were caught on video harassing a British journalist who asked the indicted former president if he was “ready for jail” as he visited Miami’s Versailles restaurant. Sophie Alexander, a producer for Sky News, was verbally abused inside the famed eatery which Mr Trump quickly stopped at after he pleaded not guilty to mishandling secret documents at the federal courthouse in the city. Alexander posted a video on Twitter of Trump supporters angrily confronting her after she asked the question, with one man shouting “Get out you stupid b***h” in her face as she filmed the scene.
2023-06-15 04:28
Chris Christie calls Trump ‘failed leader’ who ‘doesn’t care about the American people’
Following the arraignment of Donald Trump on federal criminal charges, more of the Republican primary candidates appear to be finding their footing and changing their tune from their initial response to the indictment against him. One particularly vocal critic from the get-go has been former Trump ally and former New Jersey Governor Chris Christie, who has long-aligned himself as anti-Trump and is now running against him for the 2024 GOP nomination. During an appearance on Fox News on Wednesday, Mr Christie did not hold back when asked how he would differentiate himself on the debate stage from Mr Trump. America’s Newsroom host Bill Hemmer asked him where the two candidates disagree on the issues, noting that they seem in lockstep on some giving the examples of abortion and social security. “He’s a failure. He’s a failed leader. We gave him a Republican House, a Republican Senate, and he failed. He failed us, Bill,” said the former governor. “And he failed us by losing the house by losing the Senate and by turning over the White House to Joe Biden, and the most liberal administration and ineffective administration since Jimmy Carter.” Mr Christie continued, running through his record as governor: “Is that the type of leadership we want or do we want someone who has governed in a blue state, showing you can win independent voters, get 61 per cent of the vote for reelection in a state like New Jersey as a Republican, and works with a Democratic legislature to get pension reform; to fire the Camden City Police Department leading to a 75 per cent reduction in the murder rate; and gave more educational choice than in any blue state in the country, more charter schools and choice in the city of Newark, and did that with a Democratic legislature?” The one-time ally of Mr Trump then really went for the jugular, saying: “Is that what we need in Washington or do we need Donald Trump whining, moaning and making everything about him?” He added: “He doesn’t care about the American people, Bill. He’s putting himself first and if you watch that speech yesterday, at Bedminster — where is he talking about America and the American people and their concerns and their needs?” Mr Christie concluded: “This next administration if Donald Trump is president will be all about retribution for him personally, is that the show we want to watch? Is that the rerun of The Apprentice we want to watch?” The former governor appeared on a CNN town hall on Monday night (12 June) in which he also tore into Mr Trump, accusing the former president of “vanity run amok.” “The conduct in there is awful,” Mr Christie said of the former president’s indictment over the trove of classified documents he took with him when leaving office. The former New Jersey governor, who had joined the race to be the Republican Party nominee the week before, also compared Mr Trump to “Voldemort” from the Harry Potter books. Read More Fox News walks back ‘wannabe dictator’ insult aimed at Biden over Trump arrest Christie mocks ‘loser’ Trump for taking secret papers ‘on summer vacation’ and accuses him of ‘vanity run amok’ Chris Christie town hall: Christie slams ex-president as poll shows slight bump in favorability Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-15 04:19
Gulf Central Banks Hit Pause on Rate Hikes in Tandem With Fed
Central banks in the Gulf including Qatar and the United Arab Emirates followed the Federal Reserve’s decision to
2023-06-15 02:49
Traders Pull Back Wagers on Fed Interest-Rate Cut This Year
Bond traders are wiping out bets that the Federal Reserve will lower interest rates this year after the
2023-06-15 02:49
Russia steps up aerial strikes on Ukraine – killing at least 6
Russian forces have fired cruise missiles at the southern Ukrainian city of Odesa and shelled the eastern Donetsk region killing at least six people and damaging dozens of homes Moscow has recently stepped up aerial strikes in their nearly 16-month war. Kyiv’s armed forces, meanwhile, have reported limited gains in the early stages of a counteroffensive to take back the nearly one-fifth of Ukraine's territory that is under Russian control. The grinding Ukrainian advance is pressing slowly ahead, Ukraine's deputy defense minister, Hanna Maliar, said. Western analysts and military officials say the effort to dislodge entrenched, powerfully armed and large numbers of Russian troops could take years. Ukrainian troops have advanced 200m to 500m (650ft to 1,600ft) at various sections of the front line around the Donetsk city of Bakhmut and 300m to 350m (980ft to 1,150ft) in the southern Zaporizhzhia region, Ms Maliar claimed. Ukrainian forces have managed to make gains despite the Russian edge in artillery and air power, she said. Ukrainian forces can expect to make slow progress in what will be a "hugely difficult" fight as the counteroffensive gains traction, according to a Western official, who spoke on condition of anonymity to discuss intelligence. "Intense fighting is now ongoing in nearly all sectors of the front," the official said "This is much more than probing. These are full-scale movements of armor and heavy equipment into the Russian security zone." The official described the Ukrainian attacks as methodical and said that, broadly speaking, "Russian forces have put up a good defense." In Odesa, three food warehouse employees were killed in a strike that also damaged homes, shops and cafes in the city's downtown, the regional administration said on Facebook. An additional 13 people were injured. Search teams were looking for possible survivors under the rubble of the warehouse, it said. The attack on the port city, launched from the Black Sea, was the second in a week and involved four Kalibr cruise missiles, three of which were intercepted by air defenses, the administration said. In eastern Ukraine, Donetsk province governor, Pavlo Kyrylenko, wrote on Telegram that at least three people died after shelling destroyed seven homes and damaged dozens more in the cities of Kramatorsk and Kostiantynivka. Ten towns and villages along the front line in Donetsk were struck as Kyiv's troops slowly advance, according to Ukraine's presidential office. A missile hit the Ukrainian-controlled city of Kramatorsk, where Kyiv's forces are headquartered, killing two civilians and wounding two others while damaging 29 homes, the presidential office said. Russian shelling of Kostiantynivka killed one civilian, with 57 houses damaged, it added. Andriy Kovalov, a spokesperson for the General Staff of Ukraine's armed forces, said the Russian military increased missile and aerial strikes as Kyiv's forces intensify attacks along the war's 1,000-kilometer (600-mile) front line and claim some modest gains at the beginning of their counteroffensive. In a briefing, he said strikes on the Kharkiv, Donetsk and Kirovohrad regions, in addition to the Odesa region, involved Kh-22 cruise missiles, sea-launched Kalibr cruise missiles, and Iranian-made Shahed drones. Nine were intercepted. Mr Kovalov said Ukrainian forces had made advances in several sections and fighting was continuing in or near at least two Donetsk province communities. The UK's Defense MInistry, which has regularly issued updates on the conflict, wrote on Twitter that southern Ukraine "has often been more permissible for Russian air operations" compared with other parts of the front. Separately, the mayor of the central city of Kryvyi Rih, President Volodymyr Zelensky's hometown, said the death toll from a Russian strike that hit an apartment building a day earlier had risen to 12. Ukrainian authorities continued to rescue people from the flooded areas of southern Ukraine's partially Russian-occupied Kherson region following the destruction of the Kakhovka dam last week. A total of 28 settlements on the Ukrainian-held western bank of the Dnieper River remain under water, and nearly 2,800 people have been taken to safety so far, the presidential office said, adding that the rescue effort was taking place under relentless Russian shelling. A visit by Rafael Mariano Grossi, the head of the International Atomic Energy Agency, to the Zaporizhzhia Nuclear Power Plant on Wednesday was postponed for security reasons. He met with Mr Zelensky on Tuesday to discuss the perils facing the nuclear plant, which grew more serious after the Kakhovka Dam burst last week. The plant has been in the crossfire repeatedly since Russia launched its war on Ukraine in February 2022 and seized the facility shortly after. The largest nuclear power plant in Europe faces "a relatively dangerous situation," the head of the United Nations nuclear watchdog told journalists in Kyiv on Tuesday. The Ukrainian-controlled areas of the Kherson region came under artillery fire 57 times over the past 24 hours, the presidential office said. Rumors swirled Wednesday about a relative and close associate of the Kremlin-backed, strongman leader of Chechnya, Ramzan Kadyrov. The reports said that MP Adam Delimkhanov had been wounded in Ukraine. After Russian state TV reported that the lawmaker had been wounded and Ukrainian Telegram channels suggested that he had been killed, Mr Kadyrov published a photo showing Mr Delimkhanov. In a photo caption, Mr Kadyrov said that Mr Delimkhanov was "alive and well" — adding that he knew this "from the very beginning," despite earlier requesting Ukrainian intelligence to provide information on what positions were hit so that he could locate his "dear brother." Associated Press Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary FIFA official Fatma Samoura leaving after 7 years as pioneering woman in soccer In blow to Russian LGBTQ+ community, lawmakers weigh a bill banning gender transitioning procedures Recruiting criminals for Putin’s forces backed by Russian parliament – live
2023-06-15 01:49
Used-Car Prices May Cool Off in Months Ahead, According to Industry Indicators
The jump in used-car costs that propped up US inflation last month is widely expected to swing into
2023-06-15 01:17
WE Soda Scraps London IPO in Another Blow to UK Market
WE Soda canceled its London initial public offering just two weeks after unveiling its plan for a listing,
2023-06-15 00:28
Russia calls Ukraine's MH17 accusations at World Court 'fiction'
By Stephanie van den Berg THE HAGUE A lawyer for Russia on Wednesday dismissed Ukraine's account of the
2023-06-15 00:20